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Investment BUKIT JALIL CITY | AURORA PLACE | REV.O, Another megaproject starting very soon

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SUSUFO-ET
post Aug 3 2013, 11:38 AM

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QUOTE(zuiko407 @ Aug 3 2013, 11:18 AM)
Bro, do u have any info for the shoplot opposite road of Jalil city? Is under-con now, do u know how much when launched?
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Can't remember exactly, but I was at the launch, I think 2.2 mil
WZR launched SD and shoplot together, I think SD project was cancelled already, change to condo. The response was bad due to high tension cable

This post has been edited by UFO-ET: Aug 3 2013, 11:44 AM
SUSUFO-ET
post Aug 3 2013, 02:29 PM

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QUOTE(zuiko407 @ Aug 3 2013, 12:53 PM)
Thank bro
Whoever bought this shoplot gonna make big profit soon
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Tempted to buy, dare not to buy, also no budget to buy

This post has been edited by UFO-ET: Aug 3 2013, 07:03 PM
SUSUFO-ET
post Aug 3 2013, 07:03 PM

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QUOTE(linkor @ Aug 3 2013, 01:43 PM)
access of WZR shops very bad, doesn't look good to me.
hohup side is more promising.
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Correct.
Initially when WZR launch their The Earth shoplot,
70% of the potential buyer waited for Ho Hup / Malton Jalil City, hoping can get around 2.5 - 2.8 mil,
when Ho Hup launched Aurora Place 3-S (no lift no frontage 2.7 mil), 4-s (shared lift) 3.4 mil, 5-s (4.6-5.0 mi)l,
70% of potential buyers waiting for Malton, rumor that Malton 3-S shop selling 3.5 mil (with lift),
WZR fully sold after Ho Hup launched
Ho Hup sold bout 45/62 units, many waiting for Malton, my buyer kept waiting
When Malton indicates selling 2-S strata at 4.0 mil, all unsold Ho Hup units all taken up. My purchaser regretted!
Now 70% of the potential buyer waiting for WCT shoplot (Paradigm OUG)


SUSUFO-ET
post Aug 4 2013, 03:00 PM

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If I hv budget, I may consider Malton shoplot, I feel it is better buy than Sunway Geo commercial lot and DPC, with 2nd largest mall in Malaysia (after Times Square) adjacent to it, the rental mkt looks promising, large mkt catchment would ensure "continuous" tenant in long run.
Not necessary to capture 20K rent at the beginning, commercial play is a long term investment strategy, stretch to 30 yrs commitment, 15K at the beginning 5 yrs is fair enough, 20-30 yrs later, if ringgit further depreciate (and almost for sure will weak in long run), a bowl of mee could cost RM15 - RM30, rental can fetch at RM20K-RM30K (grd floor easily).

This post has been edited by UFO-ET: Aug 4 2013, 03:01 PM
SUSUFO-ET
post Aug 4 2013, 08:36 PM

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QUOTE(ManutdGiggs @ Aug 4 2013, 08:12 PM)
Boss is malton stil keen to put the shops on sale? As I know its not confirmed but really hope they open up to public soon.
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They will allocate some for public, question is are those choice one?
Commercial is really hard for prime location now
SUSUFO-ET
post Aug 4 2013, 10:33 PM

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QUOTE(investz @ Aug 4 2013, 03:40 PM)
All Taikor, I know investment in property will have certain risk. But, invest in commercial lot higher or highrise? Whereby commercial lot is talk about million and million. Really headache  rclxub.gif
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All kind of investment has risk.
Result of Investment = Gain / Loss
High price /= high risk
Own a lot of properties /= high gearing
Every sector has gold mine
Put all the eggs in one basket could be a very successful strategy, unless yr fund is enough, otherwise I dun see any need to diversify yr investment, just invest in area that you are familiar (Focus). In certain part of Kelantan, land value has gone up 2000% in 13 yrs (vs Setia Alam bungalow land bout 900%)
Every single project has multiple level of risk, i'e shoplot facing main road has lesser risk then inner rows, lowest floor unit has higher risk than higher floor (nut price cheaper)
My advice :-
Before you enter into property investment, must understand a few basic principles.
At this moment, I foresee apartment has greater risk (2X) than commercial shoplot (in general)

My 2 bakuli smile.gif

This post has been edited by UFO-ET: Aug 5 2013, 12:13 AM
SUSUFO-ET
post Aug 5 2013, 12:13 AM

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QUOTE(zuiko407 @ Aug 4 2013, 10:33 PM)
4mil for ground + 1st floor!! What the hell
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Really WTF!
But it will be fully taken up!
It is easier to maintain right?
I think my Seria 88 @ Setia Alam is really a steal now, 1.1 mil for grd and 1st.

This post has been edited by UFO-ET: Aug 5 2013, 12:16 AM
SUSUFO-ET
post Aug 5 2013, 12:54 AM

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QUOTE(zuiko407 @ Aug 5 2013, 12:27 AM)
I been to Ho Hup sales office (Bukit Jalil) years ago, their 5 storey offer around 3.2 - 3.3mil with 10% discount
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That's was launched before Malton filed in an appeal against the lawsuit! Ho Hup refund all the booking monies to those purchasers.
A group of old purchasers are still fighting with Ho Hup to get back their unit which is no longer exist anymore.
Funny to see that Purchaser dun want the developer to refund their booking, LOL!

Real Story :-
Ho Hup : Pls pay deposit to buy my 5-storey shoplot at 3.2 mil
Purchaser A : Too expensive! After consider, I buy
6 mths later....
Ho Hup : I lost the lawsuit, I cancel the project
Purchaser A : Scary...Ho Hup finish liao! Give back my booking money!!
4 mths later....
Ho Hup : I hv settled the issue with Malton out of court
Purchaser A : I want my money back!!
3 mths later
Ho Hup : I change my plan and design, now 4-storey - 3.4 mil, 5-storey - 4.6 mil - 5.3 mil, pls book
Purchaser A : Pls dun give the money back to me, I dun want, I dun want! Pls give me my 5-storey at 3.2 mil!

LOL LOL! laugh.gif

This post has been edited by UFO-ET: Aug 5 2013, 12:57 AM
SUSUFO-ET
post Aug 5 2013, 09:09 AM

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QUOTE(ManutdGiggs @ Aug 5 2013, 06:45 AM)
Yup around tat. Bout the same rental as the Giza today for an inter unit.
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Giza 1st, 2nd floor rental ok or not?
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post Aug 5 2013, 09:53 AM

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QUOTE(linkor @ Aug 5 2013, 09:49 AM)
anyone know how is Arked Esplanad business area doing ? good rental & demand ?
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Bad rental bad business
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post Aug 5 2013, 11:13 AM

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QUOTE(linkor @ Aug 5 2013, 10:09 AM)
I see. I wonder puchong kaki will go spend at Bukit Jalil once it is done..  Actually this bukit jalil is far compare going to Sunway.

hmm...  wink.gif
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No toll. 6 Km and 4 km (fr IOI), wats the different?
Wat bout Mid Valley vs Sunway? I think more people fr Puchong going to MV than Subway.


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post Sep 5 2013, 03:23 AM

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QUOTE(mrhawk @ Sep 4 2013, 04:59 PM)
by the way, the construction of Jalil City started?
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Part of Ho Hup 10 acres, commercial lot Aurora Place earthwork kicks off - August
SUSUFO-ET
post Sep 5 2013, 04:38 PM

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QUOTE(mrhawk @ Sep 5 2013, 04:00 PM)
with this project, will the property price within the vicinity such as Bandar Kinrara, Kinrara Residence and Bukit Jalil go up?
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CONFIRM!

SUSUFO-ET
post Sep 5 2013, 11:20 PM

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QUOTE(investz @ Sep 5 2013, 10:37 PM)

Sure or not? Everyday I waiting the project kick off but still no news

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Go to the site to see yourself
SUSUFO-ET
post Sep 6 2013, 11:33 AM

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I foresee future Jalil City skyline would be like Mid Valley or greater.

Reasons :-
All the components in Mid Valley can be found in Jalil City, Hotels, Shoplots, Mega Mall, Service Apartment, Corporate office Tower
Land larger
Building more innovative & futuristic

Bukit Jalil has great potential!

This post has been edited by UFO-ET: Sep 6 2013, 11:36 AM
SUSUFO-ET
post Sep 6 2013, 12:51 PM

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QUOTE(investz @ Sep 6 2013, 12:25 PM)
Wow... project kicked off. Can BJ property price increase said 30% another 3 years?
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It depend on which category & location. Basically there are many group
1. Old shoplots - Aked Esplanad / The Link / Ho Hup old shops
2. New Shoplots - Jalil City (Ho Hup & Malton) Paradigm OUG, WZR The Earth
3. Old and new landed / link villas
4. Old and new SD (Zero lot)
5. Bungalow land
6. Old bungalow
7. Old and new condo / service apt / flat

Among these choices, landed, bungalow land and new shoplot are possible to achieve 30% or more

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post Sep 6 2013, 05:33 PM

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QUOTE(Yamma @ Sep 6 2013, 05:19 PM)
how long will it take to complete the development?
and when will price in surrounding areas adjusted to the development? or they already take in this project impact?
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I think around 15-20 yrs. same like Mid Valley
This project impact has not taken effect on the property price yet (vicinity)
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post Sep 9 2013, 10:05 PM

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QUOTE(investz @ Sep 9 2013, 09:36 PM)
Means condo cannot or no chance to hit 30%?
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In 3 years time, IMO, almost impossible for
Twin Artz, Z Residence, Raine Residence, Parklane
The Treez, Covillea will hit 30% I think (Heard Treez 660 and Covillea 560 now)
Kiara Residence Phase 1 also has chance, I think old apt like Damai and Anjung Hijau is possible too.
Vista, Green Avenue, Savanna 1 & 2, Arena Green, Bukit OUG, OUG Heights have appreciated quite a lot in recent years, these condos are relatively old compared to the rest (except Damai and Anjung Hijau)
The supply of highrise condo/apt will surge fr 3,500 units to 13,000 units in vicinity, not a good sign I think, be careful!

This post has been edited by UFO-ET: Sep 9 2013, 10:07 PM
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post Sep 10 2013, 12:26 AM

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QUOTE(Chris Chew @ Sep 10 2013, 12:02 AM)
No idea for Twin Arkz, KM 1 West and KM 1 East or upcoming The Rainz.
KM 1 West early buyers at RM 500+ psf looks safe with potential 30% at RM 650 psf next year, I rate this much better than Covillea, which already asking this price now.

Covillea already hit RM 600-640 psf as at June 2013 transactions, one unit of 1293 sq feet hit close to RM 670 psf and valuation keep chasing it. Conservative valuation hits RM 600-620 psf early August 2013.

No transaction for The Treez as at June 2013.

Z Residence early phase buyers, esp those RM 300 psf ono, already hit > 60% by assuming the value will hit RM 500-520 psf upon VP, follow the valuation of KR1 which stood at RM 485-495 psf conservative valuation. Late buyers of RM 500-550 psf after 9% discount would have to wait longer to reach equilibrium.

Kiara Residence, few months before VP, all early buyers of RM 320 psf ono before 2012 already hit > 50%, due to 2 deals verbally agreed at RM 485-490 psf with condition S&P and also valuers mentioned no prob to hit RM 500 psf upon VP by early 2014.

Kiara Residence 2, to be VP more than 2 years later, entry at RM 400-430 psf, assume 30% by Jan 2016 would be asking RM 520-560 psf, looks very possible to have this valuation by early 2015. Late buyers of RM 450-500 psf, bought it at the current market price.

No idea for the rest of older apartments.
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Very detail notworthy.gif

3 yrs, becoz I predicted at 2014-2015 will hv corrections (in general), thus I think in 2016, the highrise condo price shd hv not much different fr current mkt offering, means wat you hv quoted will drop a little bit and rebound by 2016 (back to 2013 level). I really dun think the rental mkt can support RM600-RM700/sf ROI 6%-7% lah, so long rental cannot improve, price of condo will hv limit. However if Pavillion 2 and Paradigm can be ready by 2018, the whole BJ will hv a big jump.
Very surprising Z Residence selling RM300/sf early bird

This post has been edited by UFO-ET: Sep 10 2013, 12:33 AM
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post Sep 10 2013, 09:03 AM

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QUOTE(Chris Chew @ Sep 10 2013, 01:10 AM)
I think 2015 would have impact on price stagnant for most properties which bought at much higher than market prevailed price. Too many on-going projects were sold at much higher than expected market value.

Subsale of high rise by 2016 for RM 600-700 psf is indeed not easy, especially size above 1500 sq feet units. Depends on the inflation and the weakness of RM, however, I still believe that whoever able to survive 2015-2017, I think the price will go greater by 2017-18.  Not adamant to see the 1500 sq feet above @ with entry above RM 600 psf able to survive easily for RM 800 psf asking price in next 2-3 years.

ROI 6-7% based on future market value would largely quite impossible. Anything can reach 4% can consider decent already. If I can get anything within 4% based on my previous purchase price, I am satisfy still.

Pavilion 2 would be expected to complete by 2020 and Paradigm Mall would be expected by 2017.

Ya, early buyers for first block only enter at RM 320-340 psf before 3% discount. Some VIP, internal staffs and existing clients able to get 7-10% discount. I was invited, but I skip due to no confidence level at that time. Late buyers of RM 500 psf ( 1200 sq feet ) and RM 550-570 psf ( 1000 sq feet ) were over tempted by the 9% discount. Guess these group of people would be the determination of how the cry war begins for Z Residence after 6-12 months after VP.
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True, I started to feel the heat when I just rent out my Setia Walk 1352sf (fully furnished) at RM2,200/mth (after 3 mths), there are so many condos out there ready for rent, tenant is more and more choosy than before.
My buying price is only 526K (389/sf), gross ROI 4.2%.
BTW, I think those insider's / staff / VVIP price are not so realistic as it won't be those majority purchasers out there, I prefer to take the mean of the official launching price to the public.

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