I heard that the soft launch for Phase 3 and Phase 4 is coming up soon. But the development in that area has stagnated for some time. Very little activity. The graveyard close by will also have an impact.

Isnt it the same development? Phase 3?

1) What is the psf?
2) Is it leasehold?
3) What are the service rates (all inclusive)?

How about the Lacosta condos at Sunway South Quay? good buy?

Well im looking to invest in a residential / retail unit around Damansara or TTDI. A suitably priced unit with good rental returns. IM quite aware of market prices and am not really interested in those developer jacked up prices which wont sustain in the long term. Let me know if you have anything that satisfies my requirements.

These take up rates are never true la. its always a bunch of lies to show that the project is well received. let me ask u something. How many launches have you gone for and seen 3/4 of the board empty? Rarely rite?

If u wanna know the truth, choose the best unit there with best view and size and then ask the agent to show you the confirmed sale invoice. I bet my bottom dollar that they will never show u that and will instead give all kinds of excuses about privacy, etc.

Maybe just 1 or 2 might be true but a MAJORITY of them are NOT true. Trust me. I am well informed about the industry.

Can these so called 'benchmark pricing' be sustainable in the long term? I doubt. This is more like the case of developers trying to squeeze as much money out of the people before the property market starts to loose steam in 2012. But the secondary market involving subsale units in prime areas will remain resilient im sure.

The only reason developers start offering these schemes is to push sales. But ask yorself this: If sales were good, why would developers want to offer any rebates in the first place??

My advise to you is to focus on subsale units in prime areas. You can get much better units for investment with better capital appreciation in areas like TTDI etc.

Thats wht i meant. I have always said PRIME AREAS. But Is Glomac considered prime area? I doubt. I bought a condo in TTDI for RM470 in 2009 and its worth approx RM 750K now (2 yrs later). This is only a condo not even a landed property.

Dont be taken in just cuz its got a TTDI address. TTDI PLaza close by didnt do well. Among the worst performing condos in KL. If its for investment, maybe good to look at other condo's in TTDI e.g Kiara Park, Kiara View, etc. Prices here are really skyrocketing.

How much did u buy it for? What size? Whats the current promo? DIBS? Discounts? Loan rate?

1) If your price is right, why have you not sold it yet despite so many adverts on LYN?
2) If u are confident about future price increase, why are you selling?

For some reason, newer condo's in TTDI arent doing well. Good cases are Sinaran, The Residence and Kiara Mas. The older condo's are fetching better returns although rental yield is dropping. Just take Kiara Park Condo along Jalan Burhanudin Helmi for example. 2 units of the low rise condos (1356sf) were recently transacted at RM 880K & 890K. And both these units were bare units with little or no reno. Yet both snapped up within a week of owners putting them up for sale. Bear in mind, Kiara Park is 20 yrs old already yet demand still strong especially for the low rise units.

Those who invested in Glomac and Ascensia will need to wait a long time to see return on their investment especially with the upcoming property slump expected in 2015. If u can ride out the storm, then wait. If not, best to push off soonest possible. Dont worry too much about profit. If u can break even with a few thousand extra pocket money, i would sell off.

There is a storm coming. Duration & intensity unknown.

Read what i said again. The only 'points' ull need is to observe the market carefully this year and make your own judgement. Ive made mine.

Sour grapes? I think u should check out my historical posts before commenting. And all this <700K im willing to buy talk is just hot air. If ure a serious buyer, provide your name and HP number for buyers to contact you then we'll see. And then when u get contacted, dont back out yea? Ppl like you wont be around when the units VP and are being sold. Ive been in LYN long enuf to know the difference between serious buyers and the 'hot air blowers' especially those who go around to various threads claiming to be a serious buyer in the hope of creating a euphoria that all's well in the property market. ITs also very easy to differentiate the property agents from the real investors.

This post has been edited by cybermaster98: Jan 3 2014, 09:08 AM

I know the market in this area far better than most ppl. But if u think its bullshit then so be it. No issues at all. Ill be on this thread for sure when you get VP and you start selling for RM800 psf. And while ure waiting for VP, might i suggest you speak to the owners of The Twins in Damansara Heights. Somehow i recall the same tune being sung back then during the initial sales and subsequently just before VP. And now 3 years down the road, 70% of the units are empty and first buyers cant offload. But im sure this is bullshit as well.

Is it a problem with my English or do you seriously not understand my earlier post?

If u have the holding power, then any property investment would bear fruit in the long run. My earlier post was directed at those who dont and who would not be able to sustain through a slump. These investors would seriously need to re-evaluate their holding positions and offload while they can. But again, this probably could be bullshit as well and im just a noob.

Also, arent u the one who just back in Oct/Nov was trying to offload 2 units here? First u wanna offload fast and now u claiming u wont let go even though u gotta wait a few years?

This post has been edited by cybermaster98: Jan 3 2014, 09:13 AM

Why should i? U claimed to be a serious buyer rite? I didnt. So if im not interested in buying why should i provide? Ure the one who was bold enuf to make such a claim and now ure trying to dare me back to take heat off yourself? LOL!

No problem bro. Thats what i asked earlier. The newer condos are not doing well at all which is a worrying trend. That's the point im trying to make. In this area (including Glomac), somehow the market isnt geared towards spending big bucks on the newer condo's. Location could be a factor. Ascencia is arguably the best located among the newer ones but Naza over priced it badly for near term investors that investors would need good holding power to sustain their investments to a point where they can get good ROI in future.

But the key oversight among property investors is that they always benchmark against new launches although the real benchmark is actually in the secondary property market. The benchmark against other new launches is only good to determine if ure investing in the higher or lower bands which reflect your investment risk profile.