What is the sub sale price?

rm1k/sq ft from developer (5 units left)
subsale all asking from rm1.1k/sq ft onwards.

introductory offer for rooms starts from rm288++. check out www.swissgarden.com

long stay also rm2xx++ onwards.
therotically the smallest unit should be able to get rm200x30=rm6k rent easily!

here's some pic on the appreciation night!


Attached thumbnail(s)

understand from developer that this is fully sold out and last transaction price from developer was sellingat rm1,100psf developer's unit.

Nice nice... First launching price was how much ah bro?

dunno developer's price first launch how much because i jumped in extremely late and grabbing unit which they claim rejected loan.
if iread correctly, the cheapest unit should be <RM400k upon 1st launch (RM700psf?).
my price is <RM800psf

Kochin, which unit is yours? I am planning to get one...

This post has been edited by jacc: Mar 28 2011, 11:49 PM

I called the developer, if not mistaken sometimes in 2009, at that time about RM950 k persqft.. Did not buy..just cannot afford..

errrr..... does it matters which unit's mine?
anyway, bought in july 2008. block B low floor.
you targeting to buy now? good luck.
saw some ads asking for rm1kpsf for the 550 sq ft type.
gd luck!

You're not selling? I wonder how to buy...hmm

plenty of subsale my friend.
when i check my unit for VP, met a lady who complained.
her complained?
i make more money comparatively with tropicana city. she was dissapointed she did not make more money from SGR. she owns 2 units of tropicana city.
according to her, she fork out more capital for sgr but return is more or less the same for both investment.
she was not happy with her 20-30% return for SGR.
to me, those are the professional flippers and investors.
not us, the kecil miao who blow water here all day long.

yup..tropic@tropicana city makes its investors earn almost 100% return.

if not mistaken valuation for tropic now can be about 550 to 600psf.

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Added on April 17, 2011, 2:03 pmSunday, June 1, 2008
New Launch - Swiss Garden Residences
Over the weekend, we saw the launching of Swiss Garden Residences. It is a 2 tower freehold serviced apartment located behind the current Swiss Garden Hotel in Jalan Pudu. Apparently, it will be managed by Swiss Garden and there are limited units available for a lease back program where Swiss Garden will guarantee a 7% return for 5 years. The price of these units are about 10% higher than others and mostly located in Tower A and on lower floors in Tower B.

From the model pictures shown above and below, it can be seen that this project is going to add some prestige to the otherwise drab Pudu area. Some might believe that it is going to carry on the success of the Casa Mutiara serviced apartment located just behind the project.

However, priced at around RM800psf average, this is no Casa Mutiara. The success of Casa Mutiara is due to the lack of choice rentals for a budget below RM2000. From the launch price of Swiss Garden, it does not seem likely that anyone is going to be able to get anything here for less than RM2000/month. The 550sf 1 bedroom units start from RM333k which is just above RM600psf. It is certainly setting a benchmark for the Pudu area. How the neighbouring Plaza Rakyat project and the Pudu jail redevelopment will influence this area remains to be seen. I also feel this project is a bit ambitious and confident to be launched during this trying times.

The interior is not really that interesting except for the sunken shower (above). The ID effort on the show room is certainly impressive which resulted in one very heated discussion between one (not so) prospective buyer and the sales manager. The buyer, an elderly man was peeved off when he was told that all the nice features in the showroom were not inclusive in the purchase price only when asked.

Anyway, without going into the petty, my personal opinion is that there is going to be an oversupply of 1-bedroom units in this area. Swiss Garden's 1-bedroom apartments will have to compete with Casa Mutiara, Times Square and the newly launched Taragon. I have a feeling that UDA is going to put a lot of small units in their Pudu redevelopment too. Swiss Garden Residences only have very limited 2 bedroom units i.e. only 2 units per floor. The unit below is facing KL tower (morning sun) and the other 2-bedroom unit is on the opposite corner (afternoon sun). The unit on the afternoon sun corner will likely be facing a construction site in the future.

On the 2nd day of launch, Tower A is sold out. In Tower B, it appears like the 2-bedroom units facing morning sun has the majority take-up although mostly on lower floors (see the middle blue column). The lower floors are cheaper, which explains. But I wonder if the buyers know that their view will be blocked by the back of Swiss Garden hotel when choosing the lower floors. It is also interesting to see that the 1-bedroom units are not that well taken up, although cheaper (from RM600psf) vs the 2 bedroom units (from RM800psf). And there is no interest at all for the Penthouses.


more info and pictures: http://realtymalaysia.blogspot.com/2008/06...residences.html


This post has been edited by kh8668: Apr 17 2011, 02:03 PM

just skimmed through the blog you posted.
noticed that most of his reviews are on the negative side of things for almost all his reviews.
wonder where he actually is vested in since he condemns nearly all projects out there.

will this project be affected by the construction work of warisan merdeka in the future? in terms of noise , dust pollution and traffic problem?

This post has been edited by LightEnchanter: May 3 2011, 12:20 AM

huh??? warisan and SGR is quite far apart wor.

few hundred meters away only no?

This post has been edited by LightEnchanter: May 3 2011, 09:58 PM

May I know where can we check the transacted price rather than asking price? Was 600psf in 2008 now asking for 1200psf in 2011, making sense? Just wondering...

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Added on May 3, 2011, 11:54 pmhttp://www.theedgeproperty.com/mobile/modu...cle.php?id=7194


This post has been edited by allin: May 3 2011, 11:54 PM

When 1st launched Tower A was RM6xx psf. I heard that Tower B started at RM7xx psf.

Anyway, the building itself is indeed quite impressive.

Swiss-Garden Residences achieves 90% average occupancy, plans expansion

By Lam Jian Wyn of theedgeproperty.com
Friday, 19 August 2011 06:00

KUALA LUMPUR: Swiss-Garden Residences have achieved to-date 90% average occupancy following its soft launch in April, said operator Swiss-Garden Hotel & Residences central region group general manager Rayan Komatt.

"This is a reflection and testament that serviced residences are in great demand and an emerging trend compared to hotels," he said in a speech at the official opening of its first serviced apartments on Thursday, Aug 18.

The hotelier sees growing potential in the serviced apartments segment and plans to start three new Swiss-Garden Residences in Butterworth, Malacca and Kuantan within the next three years, said Swiss-Garden International vice-president of business development and sales and marketing Francis Lee.

Swiss-Garden Residences Kuala Lumpur sits on a 1.7-acre (0.68ha) site that is a stone's throw away from the vibrant Bukit Bintang district.

The serviced apartments have a gross development value of RM320 million and are divided into a north and south tower that stand at 37 storeys and 33 storeys respectively.

The development features a total of 478 units, most of them ranging from 550 sq ft 1-bedroom to 750 sq ft 2-bedroom types, and there are also two units of 2,700 sq ft penthouses.

These lodgings are intended for corporate and business travellers who are either on short trips or looking for longer-term accommodation.

Facilities include an infinity pool, a Jacuzzi, children's pool and playground, squash court, gym, sauna, games room, reading room, launderette, convenience store, business centre and complimentary shuttle services.

Apart from the serviced residences here, Swiss-Garden International Hotels, Resorts & Inns manages and operates six other hotels and resorts in Malaysia and Australia.

points to note is not all are serviced apartments.
at the very most, half of the building leased back to pjd to operate as the serviced residence. the rest are private owners properties, hence the adverts for sales in iprop.
btw, any other residence have squash courts?