so boss Kochin you plan to rent or sell ur unit in SGR?

Squash court? Plenty lah..........TS, Tropics, BTS oso got I think...........

nope. not selling. gonna keep it for at least 5 years and let the GRR kicks in. since i won't need to pay a single cent until BLR goes beyond 9%!!
profit ain't very good too (gross @ 40% on original PP). but at least my partners are happy with it and they don't wish to sell. so might as well keep for now lor.
how's your mutiara? what's the rent for that now?

seriously, SGR is the first condo i knew of that comes with squash courts. too outdate and not as advance as you guys lah.
i prefer sauna. think covillea has it. yeah!

This post has been edited by kochin: Aug 20 2011, 12:01 AM

Partners? This was a JV deal?

Anyway keeping now isnt a bad idea.........and after 5 years I think its the right time to review the holding..........

Mutiara sold liao....altho havent recieve any payment yet.....approx 850psf.......wondering if I should pull back the sale?

Sauna is pretty common oso.........steam bath is very unique.............

Anyway congrats.........this SGR looks like a million bucks.............

Yup was at jalan bukit bintang the other day, and was wondering suddenly got this nice looking building.. Refreshing

Many singaporeans stay at Swiss garden

anybody know of recent transaction price for this property?
what's the rental rate like and the asking prices for units here?
the mutiara at the back is shaping up nicely and there's talk of a revival in plaza rakyat yet again for the umpteen time.
last but not least, there's the gamuda project as their neighbour to stir up interest again and of course finally, the MRT factor too.
pls share if you are aware of the recent transaction prices and valuation too.
thanks.

kochin boss - am also inviting myself to look at this baby of yours. kekekeke....bila mau pergi?

I would like to tag along to learn some kungfu if i am around.....

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.

taikor, got kangtao coming?

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.

pm me about these so called noteworthy projects.....

good strategy to renew/refresh asset portfolio continuously by selling/buying....

In 2012, my strategy is to accumulate cash in first half to parang undervalue props in 2nd half....

fu yoh - all these matrix like kung fu and strategy has made siu dai berri sex-cited indeed! kekekeke

ok - kochin boss - PM me a list of these projects too - and then we discuss discuss, on how we can get jet tai si fu "sponsor" us some capital....kekekeke.

anyway - yum char soon to brainstorm lor.

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.

Wah bro, then you huat huat huat loh.

Hi, how much do you think that the price will increase till upon the completion of MRT?

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.

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

plaza rakyat's outcome will be made known by tomorrow!
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.

hi not a high floor but with carpark and is a corner unit. just type A. is it still worthy?

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.