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Investment Swiss Garden Residences, Project Update & Discussion

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dorothy2010
post Feb 28 2014, 02:34 PM

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QUOTE(kochin @ Dec 18 2013, 08:52 AM)
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.
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Hi, how much do you think that the price will increase till upon the completion of MRT?
dorothy2010
post Feb 28 2014, 02:49 PM

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QUOTE(kochin @ Feb 28 2014, 02:42 PM)
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.
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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
dorothy2010
post Feb 28 2014, 03:33 PM

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QUOTE(kochin @ Feb 28 2014, 03:00 PM)
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.
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hi not a high floor but with carpark and is a corner unit. just type A. is it still worthy?
dorothy2010
post Feb 28 2014, 03:46 PM

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QUOTE(kochin @ Feb 28 2014, 03:43 PM)
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
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thanks a lots on your comment and fast reply..well more confident on buying it then. hehe...

 

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