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Investment Swiss Garden Residences, Project Update & Discussion

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TSkochin
post Feb 8 2012, 11:10 PM

I just hope I do!
********
All Stars
10,319 posts

Joined: Dec 2009
From: Malaysia


check out the previous post pics lah.
this baby already tenanted mah. another 57 more months to go.
first 3 months rental baru dapat.
reason i am asking because i heard whispers that developer allows early termination of contract on the GRR without penalty.
need moolah for other ventures lah.
TSkochin
post Feb 8 2012, 11:17 PM

I just hope I do!
********
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10,319 posts

Joined: Dec 2009
From: Malaysia


QUOTE(jet2020 @ Feb 8 2012, 11:13 PM)
taikor, got kangtao coming?
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actually, with or without moolah, my biggest problem now is no moolah at all.
need to standby some moolah else, can see cannot touch.
think there's a few noteworthy projects that's schedule for launch in Q2.
to make matters worst, just committed extra 5 grand worth of insurance last week per annum. sigh!
lagi jialat.
need phoenix kor to give me extra unsecured credit liao.
and probably not able to make any repayments too. kekeke.
TSkochin
post Dec 18 2013, 08:52 AM

I just hope I do!
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10,319 posts

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From: Malaysia


From propwall:
Average For Sale Price
Swiss Garden Residences
RM 1,252psf Nov 2013
-RM 8.26 (-0.7%)
RM 1,260 psf Oct 2013
RM 1,221 psf Sep 2013
RM 1,285 psf Aug 2013
RM 1,285 psf Jul 2013

Looks like prices have stabilised at avg RM1250psf.
the next push would most likely come from the next robertson launch, follow by revival of plaza rakyat, follow by completion of mrt, and then robertson mall and plaza rakyat accordingly. i wonder if warisan merdeka would be able to provide catalyst to sgr or not too?
looks like there would be at least 5 more catalyst to make this property go slightly further.
now might be a good opportunity to get a bargain unit.
TSkochin
post Feb 28 2014, 02:42 PM

I just hope I do!
********
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10,319 posts

Joined: Dec 2009
From: Malaysia


QUOTE(dorothy2010 @ Feb 28 2014, 02:34 PM)
Hi, how much do you think that the price will increase till upon the completion of MRT?
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i think MRT will give minimal impact.
more positive catalyst should be from Plaza Rakyat.
not so concern on the price increase but i would focus on its rental ability which should be highly liquid.
TSkochin
post Feb 28 2014, 03:00 PM

I just hope I do!
********
All Stars
10,319 posts

Joined: Dec 2009
From: Malaysia


QUOTE(dorothy2010 @ Feb 28 2014, 02:49 PM)
Oh, is the plaza rakyat gonna bought by someone else actually? any rumours? btw if i buy a subsale which is 1.26k per sqft now, is it worthy to own it just for rental? thanks
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plaza rakyat's outcome will be made known by tomorrow! wink.gif
1.26kpsf?
only if it's high floor AND with carpark.
btw, big or small unit? should be able to tekan the price a bit more qua.
jaga a bit on the maintenance. quite a big sum.
TSkochin
post Feb 28 2014, 03:43 PM

I just hope I do!
********
All Stars
10,319 posts

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From: Malaysia


QUOTE(dorothy2010 @ Feb 28 2014, 03:33 PM)
hi not a high floor but with carpark and is a corner unit. just type A. is it still worthy?
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type A - 550sf.
is it the same floor as per the gardens? there are garden floors at every 5 floors if i'm not mistaken.
garden floors are much more attractive.

1260psf = 693k absolute.

i think still okay geh.
rental rate is approx RM3 to 3.5k/mth

mati mati about 5% gross yield.

no comment lah. do own due d please. tongue.gif
TSkochin
post May 14 2014, 11:55 AM

I just hope I do!
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From: Malaysia


QUOTE(swisspalm @ May 14 2014, 11:43 AM)
any owner from swiss-garden residences here?

new offer from hotel, rental only 2500rm per month for 550sf for 5 year renewal.. anyone plan to renew with them?
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VP 08.04.2011.
then i think renovation cool off period approx 6 months.
so contract only started on 08.10.2011
so fast renewal stage now? 2.5 years?

2500per month for 550sf is how many % of original price?
7%?
you need to be careful whether the RM2500pm is inclusive or exclusive of maintenance charges.
if excluded, jialat. if included, still can consider.
another point is who needs who more?
if most or all owners refuse to renew, the hotel close shop?
TSkochin
post May 14 2014, 12:04 PM

I just hope I do!
********
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10,319 posts

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From: Malaysia


QUOTE(swisspalm @ May 14 2014, 12:00 PM)
for my case only 5% ++ only, exclude maintenance, fire insurance and assessment. all expenses have to bear by the owner. really jialat..

swiss-garden management is too greedy!!
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sorry. quoted wrong year. it is actually 2012 instead.
paiseh.

did they enforced the reburbishment clause as well? RM80psf?
but why is your contract up so fast? 3 years only?
if not happy, sell it off lor.
still decent profit mah.
or u wanna wait for robertzhai
TSkochin
post Aug 25 2014, 08:42 AM

I just hope I do!
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From: Malaysia


QUOTE(reenreenz @ Aug 24 2014, 05:18 PM)
Any owner want to sell their unit? Ready buyer here! kindly PM...co-broke welcome
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your buyer looking for what size and willing to pay how much?
TSkochin
post Aug 13 2019, 04:52 PM

I just hope I do!
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From: Malaysia


QUOTE(AskarPerang @ Aug 13 2019, 04:34 PM)
Peak price at 1250 psf back in 2014.
Now you can get lelong unit at 850 psf. High court auction. Title process completed.

23208 (S-32-08), South Tower, Swiss Garden Residences
Reserve price🔥🔥RM 459,300🔥🔥
Freehold
550 sqft (Type A)
Auction:  28-Aug-2019 (Wed)

» Click to show Spoiler - click again to hide... «


Previous Auction(s) for this property
Auction Date  Price
2019-06-14  RM510,300.00
2019-04-04  RM567,000.00
2019-01-28  RM630,000.00
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wah honestly i think it's a great buy at 459k.
hopefully no nasty surprises of outstanding bills.
this is super high floor unit somemore. level 32.

 

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