This highly anticipated project is at last gonna be launched next month (August 2010).
Previously a project called Sari Pacifica Twin Towers, the project was then sold off to L&G and Mayland Group.
Now L&G and Mayland is bringing freehold homes starting from RM430k close to the city centre.

Presenting:



Source: http://www.starproperty.my/malaysiapropert...aspx?pid=383096



More projects coming soon, in the meantime visit the link below:

This post has been edited by accetera: May 3 2014, 11:24 AM

what is the smallest size unit? (RM430k)

anything near to Jln Ampang...never come cheap..

think this is closer to Ulu Klang.

Property market recovering, but oversupply of condo and office units


But high-rise condo and office market still in oversupply

PETALING JAYA: The residential property market, especially landed residences, is on a recovery mode and prices of houses in some parts of Kuala Lumpur and Petaling Jaya have rebounded by 15% to 25% in the past one year, property realtors and consultants said.

However, the high-rise condominium and office market is still facing an oversupply situation and will weigh down on the market at least over the next couple of months.

CB Richard Ellis Sdn Bhd executive director Paul Khong said Malaysians still had money to invest and residential was the hot favourite at the moment.

“Landed properties have rebounded in all segments across the board while in the strata segment, the high-end ones in KLCC and Mont’Kiara have moved relatively slower due to the current supply situation and the small tenancy market,” Khong added.

Khong said that although the Klang Valley landed housing market was hot, “it is not a property boom.”

According to Knight Frank Ooi & Zaharin Sdn Bhd managing director Eric Ooi, the landed residential property market has fared well as it is considered a good time to buy now.

“The market has certainly picked up due mainly to limited supply, the high liquidity in the system, and growing interest in property as a reliable investment instrument,” Ooi said.

The affordable entry cost and an all-time low bank interest rates have also contributed to the improved sentiment and rising house prices.

Ooi said landed residential property prices in some parts of Kuala Lumpur, such as Desa Parkcity, had breached new high and house prices in well-sought-after locations would continue to strengthen.

“I believe even the commercial sector has seen the worse and although the market is still soft, it is stabilising. If the economy continues to grow steadily, the commercial sector will be next to rebound,” Ooi added.

Ooi said that besides the good location, the unique concepts and exclusive features of some of the projects were the reasons for the strong demand and prices.

DTZ Nawawi Tie Leung Sdn Bhd executive director Brian Koh concurred that supply of landed housing property had not caught up with demand as there was a lag in new supply coming onstream after developers held back their project launches in the past two years.

“The performance is still very location centric and concept driven. Buyers prefer well-established neighbourhoods and those with good concepts. Security has become a top priority and that’s why gated and guarded projects are doing very well,” Koh said.

He said even some KLCC condominiums were attracting interest again.

“This time around most of the buyers are well heeled Malaysians who appreciate the exclusivity of the residences in the KLCC area. Having came off from their previous high, there is potential for some price upside. Moreover, prices of residences here are still lower than those in cities in other parts of the region.”

Koh said there was a need to monitor the impact of potential rise in interest rates on property demand especially in the medium to lower price range.

“The higher entry cost may affect demand going forward but it could have contributed to buyers locking in at the current low entry cost,” he added.

Perdana Parkcity Sdn Bhd director of marketing and sales Susan Tan said a combination of factors including a pent up in demand and limited supply were the main causes of the current price rebound in the residential market.

“There has been no new supply of landed housing in Kuala Lumpur in the past year. A fear that prices will climb further due to an expected rise in the cost of construction is also fuelling demand now.

“Buyers are willing to pay for the right address, a good overall concept and well landscaped and maintained environment. That’s why some highly sought after projects can fetch quite high price premiums,” Tan said.

Perdana ParkCity is the developer of the 473-acre Desa ParkCity in Kuala Lumpur which has fetched one of the highest premiums in terms of landed property prices in the capital city.

Thanks for updating bro, but missing the chart.

Yeah, it's indeed near to the junction of MRR2. L&G is developer of Sri Damansara.

so better call Elements@Ulu Klang. haha
which is a better buy mSuites or this then?

This post has been edited by airline: Jul 9 2010, 01:05 PM

Msuites is the 1 next to G.E mall? the project use to be F&N group?

M Suites ---> former F&N's project called Ampang Hilir 233
The Elements ---> former Sazean's project called Sari Pacifica Resort Twin Towers

The Elements going to be completed by 2013..

this place is a distance fm Jalan Ampang. The price doesn't seems worth the value. I doubt if the rental will be good enough for ROI, maybe less than 4% which is insufficient to cover the loan %.

But this project sounds promising.. I wonder how well its going to be since the facility is top notch.. check it out

http://theelements.com.my/

Newly launched website --->>>> http://theelements.com.my/

Sold out ared??

The Launching Haven's started yet.. Try and call up to ask..

Prices starting at RM500K for a 625sq feet. For 1100sq feet, it's around RM700K. Higher than expected of RM430K

how is the sale of the element now?

---

Added on March 30, 2011, 12:48 pmhttp://www.chinapress.com.my/topic/property04/
服務式公寓鬧中取靜
The Element享優質生活

The Elements服務式公寓設計簡潔又不失奢華，適合注重生活品質的人士。
我們無法擺脫城市物質生活的誘惑，卻又響往鬧中取靜，享受優質生活。

由城中著名發展商馬來西亞置地（Mayland）及置地通用（Land & General Berhad）聯合發展的The Elements@安邦服務式公寓，一個拐角即能從煩囂城內轉入綠意悠悠的生活小區，是理想的居住地點！該公寓就位于安邦路尾端的策略性地理位置，可通往敦拉薩路及安邦高架大道等主要大道，並靠近輕快鐵站，加上距離200公尺的安邦坊即將興建地下鐵站，更添交通優勢。

地理環境造就了生活便利，該公寓居民除了可輕易前往城內購物熱點，包括陽光廣場及安邦坊等外，鄰近的世界級醫藥中心及教育機構，如鷹閣（Gleneagles Intan）醫療中心及Fairview國際學校等，也可滿足居民的基本需求。

生活機能便利

置地通用董事經理劉毅德指出：“The Elements服務式公寓以4大元素，即高水平、和諧、享樂及便利為設計概念，瞄準注重高品質及便利生活的人士，或欲尋求高回酬的投資者為目標。公寓土地面積達2.606畝，發展總值高達7億5000萬令吉。”

該服務式公寓采取奢華而俐落大方的設計風格，擁有A及B兩座各樓高42層的大樓，共1040個單位。單位建築面積介于640至1570平方尺，80%單位為640至1000平方尺的單位，涵括A至H8種設計，可迎合不同階層的要求。

空中花園‧獨特屋頂
綠化景觀洗滌人心


置地通用執行董事菲達勿斯瑪末（左起）、大馬置地銷售市場主任陳騰波及劉毅德，推介The Elements 安邦服務式公寓。
置地通用董事經理劉毅德說，該服務式公寓特別之處在于獨特的屋頂設計，上方設有觀景台、空中花園、帳篷屋及涼亭等，以綠化景觀洗滌人心。

同時，公寓週邊區域設有各種公共設施，包括室內及水上健身室、遊樂場、開放式咖啡廳、Spa與桑拿服務及瑜珈冥想區等，也提供商業中心、自動洗衣店及寬頻網絡等服務，規劃完善。

劉毅德說，公寓料可于2014年建竣，目前A大樓的50%單位已接獲預訂，銷售額接近2億令吉。一旦公開發售，預計A大樓單位將全數售出。

The Elements服務式公寓單位售價從50萬至130萬令吉不等，買家可獲10%的價格折扣。下月2日舉行的正式推介禮前購置該公寓單位者，可獲額外2%的折扣。詳情可致電03-6201 8088或012-969 1750查詢，或瀏覽www.theelements.com.my


This post has been edited by kh8668: Mar 30 2011, 12:48 PM

this sat and sunday is the launching date for this elements..

dont tell me this is another BBB...

Yea if crap like this ppl say is not bad and BBB, I really got nothing to say...

Should be OK. This is a matured area already 100 years old now exploiting the unusual high demand of property investors.

i registered last yr.. but i din get invitation.....

10% discount and further 2% discount during this weekend launching?

Almost sold out already for Block A.... Bigger units snapped up, smaller ones left.

Block B not launched yet

Wonder how the price?

Was there yesterday.

Starting today is 10% rebate for the 1st installment. The S&P price is the selling price. Yesterday it was a 2% discount off the S&P price, then the rebate.

The small unit I inquired was RM847psf.

Personally, I don't think it's worth it.

wow, RM 847 psf? tis is jus so high!!

But almost sold out? @_@"

MSuites is selling more than RM1000psf....I think MSuites has better location advantage i.e next to Great Eastern Mall, Gleneagles ecc. Olive 108, also a new development which is on right hand side of GE Mall (MSuites is on the left) is a small mixed development. They too are selling more than RM1000psf. MCity will be selling soon. Location wise, I think is better than Elements. Another advantage is, it comes with retail space and Soho. The only disadvantage is the flyover. I am waniting for MCity launch before making decision to invest along Jalan Ampang. Cheers!!

Are u sure that you get the number right??
I bought the 1065sq ft unit at 30th floor only at RM770K+ after the 12% rebate

After divide it will be RM723 per sq ft.... with 2 PARKING LOT

---

Added on April 9, 2011, 10:35 amSome photo taken in their sales gallery











This post has been edited by vince_snowy: Apr 9 2011, 10:35 AM

If only the Elements come with all these furnishings, then, it would be absolute good investment~

Honestly I did have little bit of concern after bought it.
However I have manage to thought it through when I realize that UOA is launching their new project in Bangsar South, beside park residence at RM850+ per sq ft: 24 units per floor (only 4 lift), no parking lot, need to pay for their RM1M worth facilities (need to pay extra to use the facilities)

+

M suite will be selling over RM1000+ for per sq ft

Felt better after that...

This post has been edited by vince_snowy: Apr 9 2011, 11:43 AM

MSuites comes almost fully furnished. What about Elements? What are they givimg? Intend to visit them tomorrow.

MSuites now is offering easy home ownership by just pay rm5k & nothing more until completion.

alot of developer/internal staff/dir/agent/dato/vip play. have to be becareful, whereby majority of the unit said to have book by somebody which have indirectly no deposit being pay or anything and just register their name.

if subsale, nobody wants, just release it with no obligations or any $$ lose out at all. just say cannot get loan or other excuses.

alot of the launching also like that (pretending that alot of people buying but actually no $$ being paid/involved, just temporary register name and if got buyer just recalculate +- or markup (saying price goneup)/ give some discount just to make $$.

This post has been edited by lowyat888: Apr 9 2011, 01:14 PM

Oh..I see. I totally missed that, Don't know M suite is fully furnished.
Thank for your information?
How much is the maintenance fee? M suite provide parking lot??

Partly furnished.
For my unit it comes with 3 Aircon, 2 parking lot, some cabinet, and..... standard partly furnished package.

The price u are paying is still attractive compared to MSuite. I bought my MSuite 970sf 13th floor corner unit at RM790k after discount with 1 car park only. It comes partial furnished too with air cons, kitchen cab, electrical app. etc. By the way, your Elements which floor?

This post has been edited by bigmamma: Apr 9 2011, 11:25 PM

My unit is 30th floor, facing Ampang lake
The sales man did introduced another unit (950sqft, 688K, 1 parking lot) which is KLCC view to me.
After take in consideration of the view might be block by Msuite in the future so I did not take the unit.

Your unit must be having a very nice KLCC view

I just got home, refering to the spec, it comes with:
Bathroom:
Hot water system, mirror, cabinets, solid surface top, tempered glass shower screen

Electrical:
Air Con, Built-in oven

Master room:
Wardrobe

Quite standard...

Msuite slightly higher at 800psf at a better location nonetheless. Its alright

Congrats. Got DIBS for Elements or not?

got

who are still interest this condo?
Now still have certain unit selling fast now.
still have 10% discount only with deposit/booking fees RM 20k only.
interest when project construct will be pay by developer.
so u no need pay anything after that RM 20k.
please allow me earn money from developer, thx...

*if i have RM 20k i also will invest*
**too bad i didn't have**

please call/sms/pm me, thx...
Sean 012-911 8801

good luck on your sales

Will m-city mah ging group impact this development?

Boss, may i know how much can rent out ?

my project manager told me can rent out between RM 3000 to RM 4000.
this is what he said only, no guarantee from me.

Just passing by this hot Element thread , with RM 36,000 rental per year what will be the gross yield ?

3k-4k is fully furniture ? hmm...but not easy rent out also rite since gt few competitor there
anywhere maybe coming wkeend will drop by have a look

Faster go, got a few salesgirls there got korean looks

then i must go myself

i know which one you referring to....

---

Added on April 15, 2011, 6:19 pmhow to calculate yield ? wat is the formula ?

This post has been edited by JAL811: Apr 15 2011, 06:19 PM

The Elements is sitting on a 2.5 acres plus land and with over 1000 units, i absolutely think it is too crazily densed.

And the per sq foot price is around RM750 and above after discount.

And they are giving only one aircon per room and some dodgy wardrobe (only for one room) OK!

Location ------> pretty crap for this kind of pricing........

Rental yield -------> most probably cun even cover your financing ...... u think the 'guai lo' will want to stay in a 1000 units density condo?

Locals? With that kinda of expected rental, can get better options nearer to KLCC


This post has been edited by innocuous76: Apr 20 2011, 10:20 PM

Now I am excited too!

i went to the showroom last time...the best show room i went....

i reach there ..it was raining...then got few rela taking umbrella and bring us into the show room.then got pretty angles open the main door for us and welcome us...drinks and food is served over there..all show room for different unit size is prepared..sales person also polite to me...but the price really too expensive for me...hehe

This post has been edited by RyanTham: Apr 20 2011, 10:41 PM

i more interested toward the "pretty angels" then...ehehehe

eh I just bought about 2 km away d'pines, half the price, got more amenities, 1/4 the density. Near lrt...I dunno about you rich fellas but I think there more value for money. unfortunately, no angels there tho. Only fat salesmen. hahaha

The Elements @ Ampang
Apr 18
Posted by andycolby
.The Elements@Ampang is one of the latest promising developments in Kuala Lumpur that is set to create an experience of premier lifestyle living that is second-to-none. A modern lifestyle amidst lush surroundings, greenery and in-house facilities, The Elements will certainly impress and attract even the most discerning buyers.

Land Area : 2.606 acres

Tenure : Freehold

Location : Jalan Ampang Ulu Off Jalan Ampang, Kuala Lumpur

Title : Commercial

Type of Development : 2 blocks of 40 storey Service Apartment

Units : 1,040 units


Close proximity to the iconic Petronas Twin Towers, KLCC Park, Suria KLCC Shopping Centre and five star hotels.


Easy accessibility to AKLEH (Ampang-KL Elevated Highway), DUKE (Duta-Ulu Klang Expressway), MRR2 (Middle Ring Road 2) and Jalan Ampang.

Item Type Units Built-Up Areas (sf) %
(Units)

1 A – Studio 206 610 19.8%
2 B – 1 room 344 680 33.2%
3 C – 1 + 1 rooms (corner) 70 780 6.7%
4 C1 – 1 + 1 rooms 70 780 6.7%
5 D – 2 rooms 70 860 6.7%
6 E – 2 rooms 35 950 3.4%
7 F – 2 + 1 rooms 35 970 3.4%
8 G – 3 rooms 70 1300 6.7%
9 H – 3 + 1 rooms 140 1460 13.4%

Total 1040 Avg 857 sf 100.0%






http://landlisting.wordpress.com/2011/04/1...lements-ampang/

It's the same with everybody's comments. Those who buy say price is ok. Those who didn't say it's too expensive. But one undeniably fact is if the economic variables are constant, inflation will make the current price seem reasonable in the next 3 years.

you got elements - 1040 unit
m city = 1800 unit
olive = abt 500 unit
D'Rapport = 1000 unit
m-suites = few hundred

all almost already in 2- 3 year tines.

Are you so sure the inflation will top in 2012-2013 and 2014 is the economic turbulence days.

The question here is opportunity costs and market movement. if you measure 10 - 20 years then market is upward.
but if you measure upon completion, don't be too sure.

more coming in this ampang area..... scary...

Statistically I'm 95% sure of that but there's always the element of risk. Nevertheless if we are investing, it means we must have the capacity to hold when things go bad. If we are speculating without the holding power, I suggest to back off until have enough ammo for these kind of properties.

So maybe I wasn't precise when I say just 3 years. But if you average the yearly rise of inflation, the discounted factor will surely suggest that all prices will go up eventually. And when I say holding power, it means you hold longer than 3 years. In fact, we should be prepared to have vacancies for 3-5 months when it's completed. Since it's freehold, the holding risk is not that bad unless got 2012 stuff (touch wood x 3).

Problem is many people are treating this industry as a gambling den.

then would it be a good investment for rental yiled if you know you are competing with 5000++ unit which complete at the same time. it is always go back to the demand and supply. If you go for cap app, must well go landed with that price. If you go for rental, competing with 1040 units itself and others. How long for the market to absord 5000 unit at one go.
Holdoing longer than 3 year, mean holding without rental for 3 year? Are you sure this is a good investment then?

If the rental covers the interest, it's good enough and I think the current rental yield covers more than the interest. Of course if you are buying with cash then the rental yield should cover more than 3-4% of the total investment. Like I say, the demand of these properties is elastic meaning the small price reduction (not that I recommend that because it's better to let the market sets its equilibrium) will lead to the consumption. However the 5000 units will like shift the curve slightly to the left but then again the consumption should equilibriumize the shift in long run.

Your suggestion to hold it without rental seems to imply on an extreme circumstance. I was referring to holding this with MPRR (minimal possible rental rate) which covers interests and other costs (like maintenance, sinking fund, etc). Eg if a unit is around 450k, the repayment is 2.2k with average interest of round 800. If rental is set at 1,300, it should cover these cost and opportunity cost is the interest of 3-4% which could be leveraged by capital appreciation rate.

But then, the decision to buy or not largely depends on one's portfolio and the objectives of one's investment endevours. I guess this is the point where we concur that we agree to disagree.

Someone posted the showroom pictures earlier, I feel that it looks nice could probably due to the high ceiling (spacious feel), developer's show unit might not reflex the final finished product, many times they like to modify (misleading) the ceiling height to attract buyers' attention.
Do ask for the actual height, normally is 9'5" - 10", if 11", then it is great design (which I dun think so)

This post has been edited by UFO-ET: Jul 3 2011, 02:08 PM

Friend,

if you mention in long run, then i have nothing to say as most property will have this in long run. But as i mention this will drain the cashflow dry trying to competing for tenant for the first few year. 2 issue here :

1] too many units at this area same time completing - tenant problems
2] the price for a unit is about $650k for a 750sf unit, so with current 90%($585,000) loan for 30 year shall be around $3000
that mean 3000/750 = $4.00/psf + 0.40 sinking + maintenance fund = $4.40 psf
correct me if i am wrong, most KLCC area condo is renting at RM3.50 psf (iproperty) now and it is not high dense condo
more over, the site is not consider close to KLCC area as it is not walking distance to KLCC - 3km is not walking distance to me.

so , if you face issue getting tenant and rental yield issue, why not get a better investment?
your posting up there is merely buy for the sake of buying and think that all property will go up in times
yes, but appreciation will defer in your selection and your cashflow will defer..my friends

may not be correct but just my 2 cents

the price to expensive la for this class of property maybe developer speculate the price to high already something like the raport a apartment nearby and design also not that good(after 3 years of construction this type of design already not trendy anymore) compare to m city and other condos the concept is not to my taste i mean there can do better and count all small details that investors will notice.furthermore we are leaving in malaysia why leave in a house so compact unless you are a bachelor and i dont think is a good investment the price will not hike up that much also for renting maybe can buy.

As I've said, this is the point where we agree to disagree but hey I guess our discussion does help others who are assessing these places for investment.

As to your calculations, maybe correct in general but specifically it's not. Again this depends on the individual's portfolio of investment.

On issues of tenancy, I guess everywhere has the issue and in your assessment your general perception is the Ampang area is a problem. Likewise areas like Kajang, Damansara, etc have loads of projects up too. So I cannot agree that this is a problem faced in Ampang. As to the extent of impact of new projects, one cannot confirm whether Kajang, Ampang or Damansara have the most impact. I guess no research has been done on that.

Also, it would be silly not to know that the capital appreciation of properties are no longer inline with rental yield. But again, if proper research is done and the results turn out to be ok to your portfolio, why not? As to whether all properties will go up in time, theoretically it will due to inflation and discount factors, while maintaining other externalities and factors. But I agree that appreciation defers depending on location and so is cashflow of individuals.

The best thing for others reading our discussion is to do your homework properly before you make a decision. But personally, the funny thing is the best decisions are often made in a moment of madness lol. There's a research on Zaltman's ZMET suggesting that when one make a decision of a lifetime, the reasons leading to that moment normally are quite irrational. Don't quote me for that but that's what happened during critical moments of our lives which is why many of us do not react well during those moments. 80% of us will play safe and stay where they are while 20% make decisions which they are not sure are right or wrong. I think this reflects property investment.

Nobody can say who is right or wrong. We can only try to make a 'less wrong' decision at the end of the day due to uncertainties and volatility. At the end, I can say my decision was 'less wrong' for myself, but not others.

It is called emotional buying, 90% of people buy because of emotion not logic, that what I learn during my days as a sales. Well, is that was your strategy, i respect it. I believe everyone has different investment strategy, mine is demand vs supply and your was property price only has one way to go - up.

May both of us also make a fortune out of our investments

Btw, the elements has launched 2nd block already last week.
I believe the sales did not move much after mcity launched.

A bit on emotion, a bit on judgement - no strategy really just based on my buying readiness state and some research + some risk management.

But also got secret weapon

i have one unit want to let go. 850SF facing KLCC with balcony. This unit is sold off from the market. PM me if you interested.

how come you can sell during construction? normally I tought you are not allowed during construction? any gimmicks?

of course cannot sell during construction. we can see m city started construction and quite a lot of lorries in & out but why elements look like abandon project because i visited the area last week. a bit scare to invest for this condo...

You mean you visited the site ? Are you allow to go in ?

I went there last month, saw lots of lorris in and out from the site, but I just wasnt sure are they for The Element constructions or the factory nearby.

The sales for Block 2 seems not very well too. Less than half 'booked".

Any units left? What's the pricing?

yeap, i visited the element site the day before. we saw a lot of lorries over there are for m-city. of course, i cannot go in their site, but i used my mobile to take some photos. let's share with yours...what i can see only one lorry and one or 2 workers only. both m-city & element will be completed after 3 years, but why element's progress is so slow...will it become abandon project????? a lot of units left especially tower B. but their showrooms are very attractive....

This post has been edited by Moi Moi: Nov 24 2011, 02:09 PM

Can you share the pic ? Can we check with the sales office for the update of the construction progress ? Thanks for your update.

Dont scare me, abandon project ? Heart attack later... hehe.

yup, the showroom very impressive...

abandon project will be harsh words....delay maybe more appropriate...

Mayland project mana tak ada delay?

Yea yea... delay will be more appropriate term in this case. Means instead of 2014, might have to wait til 2015 then, if lucky.

Since it is a DIBS, will that affect us if delay in VP ?

No doubt the price is attractive, but I just paid a visit today, compare the Mcity which is next to The Element, their work is aggressively in progress, compared to Element construction site, they only have one or two lorry making the show.

Element launch since six month ago , what have they done so far ?

This is really worries me ...

---

Added on November 25, 2011, 7:07 amfroglai88,


DIBS is only valid for 2 or 3 yrs. Exceed this period, you have the bare the interest by your self, you can a LD ( late delivery ) letter but subject to their agreement after the VP.

Cheer


This post has been edited by feihong6670: Nov 25 2011, 07:07 AM

Do they have to compensate us if late delivery ? In fact late delivery isnt worry me tat much, just worry about the quality..

Feihong kor, you also vested there ?

I was there last mth, blk A mayb around 70% ( lots of studio unit available), blk B mayb ard 40%. Too many new developments on this street at the same time.

Mayland is quite famous for late delivery lah. But don worry, none abandoned so far

Nvm ma, the LAD fee is almost equivalent to renovation fee d, hehe =P

Yes. You r right. From a different point of view , sometimes late delivery is good . But what I heard from the contraction industries friends said, usually the developer do not want to start work bcause the unit pick up rate is not reach to their target, if work start they hv to start paying the bank interest, but now by when can they reach to the target ?? Today visited their boot in klcc, the respond is not that good ...

---

Added on November 25, 2011, 9:26 pmHi froglai88,

Yes, I hv invested one unit there , but now thinking of pulling out the leg ..

This post has been edited by feihong6670: Nov 25 2011, 09:26 PM

Why pull out ? Have you signed SPA yet ? If yes, still can pull out ? Sorry Im not very clear abt Msia property transaction law..

I more worry abt build quality than delay. In fact I ok with d delay, maybe 6 mths to a yrs, will be best. Reason because of expected economy recovery during late 2013 or 2015, hehehe.

Juz my personal view.

Well, try to think another perspective OK, dun be so negative about it

anyway, i heard that the regalia @ jln sultan ismail not yet handover yet (by mayland), mb anyone can clarify on this?

but you lost the opportunity cost as well right?

Even after signing S&P, still can pull out...there is a way to do it but of course with some penalty...Short term pain but longer term gain as you can re-channel your money to other better investment. Like in stock market, CUT LOST...

Regalia is another delay project...

Global kor, oledi wet my hairs, better stick with it then.

I went to see a couple of sales offices for most of the developments along this jalan, but I still prefer The Element after all.

Are there any forumers vested in this project ? Please share share your views and thought..

I have booked one unit but have not signed S&P yet. But now I'm scare this project will become abandon project...

My unit is 32nd floor 2 bedrooms

I intend to stay maybe 2 to 3 years.. After that if rental yield is attractive - rent out or else just sell off

Based on current development/progress, these are my thoughts:

Negative:
1.Oversupply in the area
2. Price dropped too low if the 2012 double dip thing happen
3. Quality of finishing (agree with froglai) not so much worry on abandoned project because never happen to L&G/mayland

Positive
1. Although ampang ulu, still 5 km from KLCC I guess long long term still ok
2. 2 international schools very near, potential to attract expats with small family
3. M city nearby with all the retails and ala cold storage grocery store
4. M city pushing the price higher set the
New benchmark of that area hence more room for apprciation for elements
5. Lrt if it really happens, a bonus needless to explain

Despite all the negative remarks overall I'm still ok lahh, s&p already signed so just go along

Hopefully can comfort each other (elements buyer)

OK. Tomolo will pay another visit to the site , see what is the progress...

Mine 39th floor, corner unit.

Since you are using it for self occupancy purpose, I think should b alright.

I think this 'oversupply' issue happen everywhere, and they will only be more and more of it, so we might talking about 'over oversupply' in the next few years.

Can I ask why 2012 economy slowdown will affect the price of this project ? I tot we locked in the price.

I visited 'Plazamen' or something last month, it seems the quality of works still not bad. Hope they can do better for The Element, since it is a higher end project.

This post has been edited by froglai88: Dec 2 2011, 05:59 AM

the oversupply will not affect you if you have holding power
long term, property price will still go up

it will affect you only when you rely on rental
as rental may fall in crisis and more landlord will lower the price
to snatch your tenant

What I meant is if economy slowdown in 2012, overall prop price goes down.. And still not recover until 2014 then there is no option to flip the house (just thinking from greedy perspective)

Btw what and where is the "plazamen" u're talking about?