Festival Mall -Parkson operate + owner.

http://www.parkson.com.my/happenings/happe...200&NewsID=4322


Zetapark ontop of Festival Mall

http://www.fittersgroup.com/CoreBusiness.aspx?id=34

Soho + Condo + Student Lodge

Soho 136 units launch on May 2010 all sold out within a month.

Leasehold 2106.
Development owner = Fitters Berhad
Developer = Platinum Victory

Soho 379 sq.ft to 772 sg.ft

Maintenance Fee Rm 0.30/sq.ft + Sinking Fund Rm0.03/sq.ft

GYM,Meeting Rooms,Discussion cubes only.

Lower Ground Floor =Basement CarPark by Parkson
Ground Floor,1st and 2nd =Shopping Mall manage/owned by Parkson Group

Hush Puppies,Focus Point, KFC, PizzaHut already confirm in.

3th,4th and 5th Floor are carpark belong to Soho,Condo and Designer Lodge.

6th - 17th 136 unit's Soho,Condo and Designer Lodge (not launch yet)

Cheaper 6th SOHO 380sq.ft Rm 178,800 onward.
Premier 17th SOHO 697sq.ft Rm 367,800 .

Floor 15 and 16 all Reserved by Fitters Berhad and Not for SALE.

Planning a LRT station Danau Kota at opposite IPAC, the vacant land next to JPJ/Puspakom.

Any1 who book a unit there? Can share more info?

I heard about this project also..alot of agent's selling extra income for Rm5-15k per unit now..Rm 500/sq.ft at Setapak...Leasehold..

New 1 launching

which new 1?

zen suite, private preview this sunday.

Location: Jalan Langkawi, Danau Kota, Setapak
Developer：Zetapark Development Sdn Bhd (subsidiary of Fitters Property Development Sdn Bhd)
Total units：288 units
Facilities: • Meeting Rooms • Discussion Cubes • Cabanas for reading & relaxing • Floating Gym • Wi-fi hotspots • Swimming Pool • Multi-purpose hall
built-up: 510-913sf
price：RM 254,800- RM492,800
furnishing: • Air conditioning • Kitchen/Pantry complete • Quality finishes & fittings • Internet ready – broadband plug and play feature (separate data connection) • More than adequate power points • Lighting • Plaster ceiling
maintenance fees: RM0.33 including sinking fund
unique selling proposition: • Wider – 8.2m, others SOHO ranges from 4.1m to 5.5m • High ceiling 3.3m •lower density: 18 units per floor • Anchor tenant in placed - PARKSON, others not determined yet • Lake/Park side development
panel banker: PBB, MBB, EON, UOB
package: 5% early bird discount, 1 free c/park, legal fees for SPA and loan borne by developer

please call for more details

012-6530714
meifen.low@gmail.com

This must be amongst the most expensive development in Setapak area over rm 500 psf right?

look nice..

It's too near to the main road.

I think once the Festival Mall completed, sure causing jam at jln genting klang and danau kota junction.

Any idea how many units of SOHO are there once completed?

ITS A GOOD PROJECT...SURE WILL BRING HIGHER PRICES SINCE KAMPUNG BARU DEVELOPMENT HAS NO FURTHER NEWS YET...BUT INVESTORS WONT STOP INVESTING

their zen suites above the parkson ady launched this month..and ady sold many units

uni size range from 515 to 963sq ft

http://kthriller.blogspot.com/2010/11/zetapark.html

Traffic jam means 'wong'. Which area 'wong' one, no traffic jam?

Hi

Anybody any news about this project, it is still available or sold out for the zen suites?

Saw the festive mall yesterday passing there almost completed.

it's progressing fast..
dont know when it'll be completed

http://kthriller.blogspot.com/2011/05/fest...ll-setapak.html

any one got more info for this project ...i heard its launch last friday..

Really look nice esp from the side & with lake at the front. The letdown is leasehold..

when can i get more further details? i am interested in buying!!!

dun depend on the picture...go to the mall and see the view...its actually a water pond for flood prevention..

---

Added on November 28, 2011, 9:41 pmu can go visit the show unit at festival mall...but heard that around RM515psf

This post has been edited by Szai: Nov 28 2011, 09:41 PM

Hi Guyz, need to find replacement puchaser for my booked unit C-07-03 (SOHO phase 2) details are the following:

Selling price : RM352,800
Size : 618 sq feet
Discount : 10%
After discount: RM317,5200
Freebies : 1)Free Legal Fees for Sale & Purchase Agreement (SPA)
2)Free Legal Fees for Loan Agreement
3)Free 1 car park
4)Designer plaster ceiling with downlight
5)Free split unit air-conditioning
6)Kithcen cabinet, electic hobs and kitchen exhaust hob
7)Bathroom include rain shower, hand shower, sunken bath and counter top built-in-cabinet

Basically the unit are partly furnish and are ready for occupant upon completion.

Reason to let go is interested in another property at another area, and needed to get back the booking fees RM5K ASAP.
Is there is anyone interested, kindly contact me at 017-3335688. Thanks.

Hi, facing the lake?

New Service Apartment on KL Festival call The Loft @ Zeta Park!!!

shud be facing the garden or courtyard.
one thing good about this unit is lesser density /units in this section and very near to the lift.

only unit 13a, 16, 17, 18 facing the lake.

LOFT is service resident and the bu is above 1070 sf. SOHO is smaller build up.

i like Zetapark coz it is very convenient for everything, shopping, movie, foods, ktv, and nearby to hospital, bank, bars, spa, JPJ, EPF, passport, IC, income tax, police, wet market etc. (all less than 2km), very good for living.

p/s; i also bought a unit there. plan to live there too.

but the only access + bazaar malam , traffic become
mind to share how much the unit cost ? and maintenance how much ?

Hi Homefinder / Lucerne,

Facing courtyard, please see below pictures and the layout for the type A unit
Should be able to view beyond courtyard for Lake and KLCC view.

This post has been edited by spencerlooi: Dec 7 2011, 07:54 PM


Attached thumbnail(s)

The SOHO maybe have HDA, if they do, just request refund from developer, they have to refund, maybe charge some admin fee only!!!

Hi Cyrus,
Sorry, what is HDA means? They can refund but the admin fees is RM1,500. Doesn't want to rugi too much here.

haha, traffic is ok lah..
in future they will build a fly over and link to sri rampai.

bazaar malam is oni temporary la, now dbkl hv cut to oni 4 days, maybe cancel in near future. coz land is getting expensive, cant afford to allow bazaar.

1 or 2 car parks?

1 car park only

flyover link to rampai ? how to link ?
this bazaar wont cancel i guess, at least not in 5 years time.

Hi Spencer,

Layout seems to indicate office - can use for residential? Would furnishings be relevant for office only or also for residential? (e.g. cabinets/appliances etc that come together)

10% discount still applicable if take over booking? Any DIBS?

This is leasehold right, how many years left? Expected completion end 2013?

Thanks

Hi Propline,
Yes you are right, the SOHO concept is small office and home office, in this case, the layout is more office like and it dependant on the owner to make it a residential or office unit, the completed furnishing will be cover for air conditioning, kichen cabinet, toilet utilities (shower bath, hand shower, sunken bathtub concept) and plaster ceiling with downlight.

10% discount still valid when take over the booking, no DIBS

Leasehold expiring on 20th Nov 2106 (left 95 years)

Expected to complete in June 2013

Thanks.

cut thru the empty land (at T junction) and link to jalan kilang towards sri utama /royal selangor
flyover also cater for future titiwangsa lake 2 (danau kota lake) after the 2nd hand car dealers vacate from dbkl lands

bazaar - yes will take abt 5 yrs to close after completion of surrounding developments , bazaar land is more valuable for commercial buidlings.

Thanks for the reply. No DIBS for 2 years will mean the total interest paid will be close to the 10% discount already so will be tricky to sell at good profit unless buy for own use. Any idea what the expected rental could be like?

If SOHO, considered commercial and can get 85% loan margin? Or still under residential 70% LTV?

A lot of discussion already about SOHO being used for residential, did Zetapark's developer mention this is allowed?

Cheers

Hi Propline,
The discount 10% is equivalent to RM35,820. Just did a rough calculation, for 85% loan margin of 300K loan, the total interest in 2 years should be below 13K, even if the property price is not appreciating that much for a handsome profit, we can at least rent out easily since this is a small size property, no idea on the rental price yet.

SOHO is considered comercial property and max loan margin is 85%.

Already checked with the deveoper that confirm no issue for SOHO being used as residential unit.
Same security as phase 3 the loft - 3 tier security (to carpark, to lift lobby and to the unit itself)

Cheers.

Thanks for the reply. Just did a quick calculation - 300k loan, at say 5% interest p.a. for 30 years will mean monthly instalments of over 1.6k. Plus maintenance fees, I think it will be very hard for any rental profit to be honest. So I'll have to pass, tempting as the 10% discount and 85% loan margin is!

Perhaps someone who wants to buy for own stay will find this appealing. Low entry (need to pay only 5% right, since 10% discount and 85% loan). Maybe you can go to the developer's office this weekend (but keep a low profile) and approach those who are looking at the residential units recently released - I'm sure you will find a buyer to take over yours!

Cheers!

Hi Propline,

Yes, you are right, low entry (need to pay only 5%, since 10% discount with 85% loan margin).
The bright side is when selling this unit upon completion, the min profit is at least 10% (RM35,820) in addition to the high chances of appreciation since new shoplots are mushrooming in that area. (Metro setapak, Plaza Crystal ville, PV128)
Rental profit is really depend on the market that time, coz no idea if it can attract high end market targeting for young profesional / entrepreneur / companies or student
The location is really good since it is adjacent to nearby amenities (TARC, foodstall, banks, hospital, pub, on top of shopping mall with cinema)

Yeah, good idea to go and grab some attention at the sales gallery to look for potential buyer.

Got a brochure yesterday, RM550psf !! Most expensive in Setapak area.

FYI, this unit was sold last weekend, thanks.

Anyone want to let go 618 sq feet to get back the booking fee? PM me

this project not worth such value..psf price is roketed price....most of the unit not being sold..they just reserve it by their own..dumb ass dev

exactly i feel the same oso la extremely expensive if u compare with those pv condo is so much cheaper around that area but lately heard Quartza is going to launch @ 600psf soon .......which is more expensive now of coz Sime is Big developer mah!

for RM500 psf which is RM100++ psf over from any of the PV condo around that is over 25% premium.... if anyone of u thinking of buying a condo look for PV

+1

Anybody, can Get more information from here
http://zetapark.net/

I got 1 unit 618sf phase 2 level 21(highest)

Dunno can view klcc or not?

After I see the loft Zetapark, I regret buy early, I should buy the loft, not soho,

And 1 more thing I wonder is Unifi, heard from friend, that is commecial land so if u apply Unifi, the Unifi fess is follow commecial rate.

Sign SPA already?

Signed, also signed loan agreement, if I cancel or transfer I sure lost a lot of money coz bank will charges me penalty, lawyer fees blah blah...

Mine 1 same with spencerlooi, but mine 1 is highest level, dunno can view klcc or not coz the loft building will located middle n may be block my klcc view

This post has been edited by lwc2001: Dec 22 2011, 04:02 PM

i also bought a unit but no regret...
i think only unit 13a, 16, 17, 18 facing klcc, mine is unit 16 (515sf) and high floor with 2 carparks (bought extra at 15k /unit)
what is your unit #??

loft or zen suite is all depend on your requirement. eg single , young couple , big family???? SOHO is a plus for those who want to set up small office and no need to travel and u can do all shopping downstair , no need to own a car or lesser car maintenance costs eg service, petrol etc
some may think to rent a car if needed to travel far or drive few days in a row.

pls take note loft is bigger BU thus need higher monthly maintenance fee >2x but u can enjoy the same facilities. 33 cents now? this can increase in near future eg 10-15 yrs time if all the costs increased..(if msia become hi income country etc), imagine u need to pay 400 i/o 200 evrey month...

unifi - thye dun hv commercial rate unlike streamyx...

mine is no.3 near lift
mine purpose buy this unit is for investment
if i not wrong, zetapark is first soho in setapak
i dun think ppl will rent my unit for soho business
coz setapak ppl edu level no high like subang n damansara
subang n damansara soho hav market
but here i wonder no market


unifi hav commecial rate
here is their website

http://www.unifi.my/unifi/index.php?option...id=64&Itemid=84

If SOHO & Service Apartment same price/sf/offer....better take SOHO

i think soho can get residential rate since it is also for residential

i notice that there is no construction activity on going
anyone here know the reason?

i have a unit in Loft Zetapark service residences (size:689sqf - klcc view, partly furnished with 1 car park), anybody interested please pm me..
Selling Price: RM380k++
more info on: http://bit.ly/rASijF

why wanna let go?

hv 2 units.. decided to let go 1 n buy other places

580psf

The Zetapark condo looks like stop work! Anybody can
tell us wat happening there?

What makes you to think Zetapark condo looks like stop work?

Becoz didnt see any worker work upstair

Maybe waiting for building material to arrive at the site??

The crane idling there so many month dy..even the scaffold also not fully erected ..most likely the sales stuck or the awarding process slow for tower block

Anybody know latest status?

---

Added on March 16, 2012, 5:30 pmEvery day morning I saw 228 build up fast
But this Zetapark developer really useless
Actually how many years they need to complete?
Shit

This post has been edited by lwc2001: Mar 16 2012, 05:30 PM

the sales not even 50%sold how to build

---

Added on March 17, 2012, 10:33 ammostly sold by agent hold

This post has been edited by Pikachu1985: Mar 17 2012, 10:33 AM

wahliao..not 50% sold?

Actually saw a booth selling zeta in viva mall recently...sales are indeed slow..

went there at Festival City...nice layout and concept but too pricey.....the 1 bedroom are all booked! they said by a company (perhaps for hostel?)

almost all booked d........

Unit sold

B4 unit complete, unit still under u name not purchaser , then u pay loan interest every month, rite?

This post has been edited by lwc2001: Apr 19 2012, 03:21 PM

Today saw some worker there and start to build up soho phase 1, hope this is a good sign.

haven sign s&p when release... so is under purchaser name...
oh great... the construction still going on

Fitters Group recently change their old PV contractor. Now a new contractor take over all shit from old contractor.

This is Fitters Group 1st as developer project,they aim for niche market/finishing and workmanship.

Leased hold.

Commercial rate utility bills.

RM600+ per square feet.

All the best.

Doesn't look really attractive if we look at it that way. Many are unsure if it is a good investment, many actually pulled out after placing earnest deposit.

Oh, btw, when I was at KL Festival City Mall last Friday, they actually put up a showrom/model/sales booth on the Ground Floor, all cheaper ones are sold out, facing KLCC. The ones that are left are facing Genting Highlands, all RM600++k and even RM700++k and above. Many units still available, too expensive.

Niche finishing and workmanship? Meaning they promised top notch workmanship?

Yeah, the utility bill with commercial rates is the deal breaker for me. Not to mention the 670k price tag

Hehe but the mall is nice la.

Melawati view 7th floor unit cheapest after 10% rebate no furnishing also still high rm586k.
I'm interested to get type A unit facing lake and Klcc but price much higher at rm626k ... Zzzzz...
With 90% loan 36yrs + maintenance fees easily close to RM3k mthly.

Nowdays most of the good location and nice condo selling at very high price....

Walao eh 3k installment and management fee very tough le. Not a good deal IMO.

Those doing business or working around KL festival area should be ok coz dont have to travel far to work..
The dual key unit concept quite good.. i think the developer oso think the potential buyer might rent out partial of their unit to reduce their mthly loan installment.
Too bad the KLCC and lake view dun have dual key unit... and its much expensive by abt 30-40k+

The "propose" maintenance fee 0.30, sinking fund 0.03. Not sure later when complete it will goes up..

If like 3Residen.. last time during construction abt 0.25sen.. after complete maintenance 0.36 + sinking fund ? abt 0.40.. monthly abt rm500! den heavy la..

How much already Zetapark estimated maintenance fee? Rm0.30 per sf?

The "propose" maintenance fee 0.30, sinking fund 0.03. Not sure later when complete it will goes up..

0.33 sen per sqft.

Ok, noted with thanks

U bought any units?

Is that zeta loft can get residential loan?
Mine 1 Zetapark soho only can get commercial loan.

What was the interested rate and loan tenure that they offered to you ?

Public bank loan package quite good 40yrs or till 70 yrs old.

1st year BLR -2.5
2nd - 3rd yr BLR - 2.45
4 yr > BLR - 2.4

i buy soho last year
bank offer me blr-2.0, 40years
becoz banker say this is commercial title
only got margin 85%

may i ask buyer who buy loft unit
are u get commercial loan or residential loan?
how much margin u get?

This post has been edited by lwc2001: May 24 2012, 09:03 PM

Even with rebates and w/o furnishing option price still on the high side for the Zetapark residence.
2+1 room min price ard 514k. lake view.
3 rooms min price ard 586k - melawati view

Good thing is have 10% rebates/ 5% + DIBS for easy entry but 90% loan installment + maintenance fees which comes close to 3k targetting the high income group of buyers. Hope the build up quality , design and standard will be much higher than other condo/apartment around that area.

My neighbour daughter, just bought Type A unit 2 days ago.

Im ok Utility follow commecial rate, but concern Unifi is follow which 1? Commercial or residential

U haf to ask the developer sales agent.

Other option u can subscribe to wireless broadband service.
So u getting the Melawati view unit?

They told me they got wifi can let our surfing
But I didn't ask hav a charges or not?
My block is no view becoz infront of mine is the loft building, but salesgirl say if fortune can see klcc

^^

This post has been edited by dhouseng: Jun 25 2012, 05:25 PM

I see iproperty, soho subsales start to move, but residences not yet, may b need wait developer unit sold out

Then?

no then , abit pricey

Just visit the showroom today at 3rd level in Festival Mall... Not purposely to visit it as having a lunch at there... Hehe...

Look ok and feel good because it is located on top of the famous mall (not like SS2, less people)... Cinema, a lot of restaurant and a hypermarket (if Tesco or Jusco surely will be better laaaa...)

Now some more no need to pay down payment because of the 10% rebate... (sure, the cost actually is included) Just need to give 10K as booking deposit...

No DIBS....

Personally think it is suitable for own stay but not for rental income... For flipper, not a good time too...

Just my little 2 cents...

slipt to two key apartment? new concept in malaysia? anyone know this?