Been waiting for this quite some time...
next potential after 3R by SDB?

1) Residence Suites from 901 sqft to 1,937sqft Price from RM280,000.00 onward (300psf???)
2) Ground Floor Commercial Shop & 1st Floor Office as 1 unit from 3,011 sqft to 4,137sqft Price from RM1.8 million onward



This post has been edited by TokyoBoy: Sep 4 2010, 07:43 PM

bro, ur maths correct or not ??

Haha my bad ..... corrected it. Thanks

Where is the exact location of the project? Any nearby amenities or LRT? Freehold?

any news on this ?

Is this a good location to tap the rental market? Seems within driving distance to TARC.
Or are there too many competition from other nearby apartments/highrise ?

Anybody know the website to refer for this project?

Info from one of the seasoned forumer in other forum...
Credit to Aramis

Saville

Location wise is quite near to TAR college but nearby only got few choices of food.......... For staying I think quite nice as below melawati hill but a lot of kampung house nearby...............

When is the launch date? Open register already?

there are many choices of food there, wangsa maju area, tmn melawati area, PV apartment area..btw, any new info from dev?

This is very near to my house. Not my choice for a housing area actually.

ok la for pinggiran KL area..if KL area quite congested already..

Agreed, quite ok actually for the location. But if you don't own a personal transport, its gonna be a real hassle for you. Unless you're quite keen on taking buses. Mind you potential buyer, there's a graveyard just 5 mins walk away.

Melawati is a good place to live but the transportation is not so convenience. Overall, the cons is definitely more than pros

I have got the call from Metro Kajang mentioned that they are conducting a survey on the pricing. They have set the price at 340K for 900sqf and will collect the opinions from the buyer on the pricing!

---

Added on September 27, 2010, 4:56 pmsome correction here - Pros are more than Cons!

This post has been edited by jeffhoo81: Sep 27 2010, 04:56 PM

from rm280k to rm340k, sigh. means need to rent at rm2k to get only 7% yield.
for own stay, still got some old single-storey freehold house at melawati around that price.
PV project at melati can get bigger b/u.

This post has been edited by moonh: Sep 27 2010, 05:00 PM

If the price is 340K for 900 sq ft then it was a good news for the gaya apartment owner as it was only 300k for 972 sq ft...............

Really interested for own stay. Near my parents home

by the time when it will be launched.. gaya wont be at that kind of pricing anymore

Look expensive. I just get a unit of 3-storey townhouse at Saujana Melawati with the price of 220 sqf for 1877 sqf.

Was wondering what is the subsale price now for Gaya apartment? Anybody got idea?

are u talking about prima court?

when will this be launched? any idea?

23rd October at 10am, office at Old Klang Road

bro thanks for the info.......
Rm340k is quite steep if you ask me

definitely - but let's wait for their final pricing !

they call me too...
can't agree more on the price..but it seems like a good deal to me
early launch got 3% rebate and bumi got 5%..so my down payment only 2%!
the sales person told me its have higher quality n finishing..
plus they have GBI certified READ HERE

are you saying the d/p only 5%?

if for non bumi d/p only 7%

elanessar mean that he is a bumi so he get 5% discount plus 3% rebate so he only need to pay 2% downpayment............

think so..haha

any updates about this project?

bro, u seem very excited one this project...
what u think on this , worth going in?

yeah but have to look at the overall plan first , been staying at melawati for than 15 yrs, i love the place

Yup.

better than project at bkt serdang
but need to see the final pricing.. i m anticipating nothing below 300k
anyway launching time is after the coming budget annoucement
so just wait...





This post has been edited by TokyoBoy: Oct 4 2010, 02:51 PM

My fellow BBB Fellas..
Launching on 22 Oct at OKR office...
Got early FISH discount
Indicative price is 340k for smallest unit 901sf ...@377psf

so it will be on Friday, not Sat ?

can confirm on da date?
just called their office n said its gonna b on 23rd oct 2010..
but nothing confirm...

so it is 22 or 23?
need to see first the whole development, before can BBB lor.
Got pple said the place is 5 mins aways from cemetery..

23rd @ 10am

it's less than a minute's drive from cemetery, which is beside ISKL.
plus, it's surrounded by Kg Klang Gate, medium-cost apartments and Desa Melawati shoplots & landed houses.

if 1 mins drive means, got some units is graveyard view already....omg omg

the concern should be more towards the Kg Klang Gate residents, not the Malay cemetery.
access is superb, if u have own transport i.e. mrr2 & duke.

maybe after getting 5% discount for bumi.. it is not applicable for another 3%
HAHAX

can anybody tell me where exactly is their office? is it at saville OKR?
i am interested in this project. any bulk purchase? pls pm me. thanks.

btw, is this project freehold and under residential title? how many car parks per unit? having gbi certified is way cool!!!

nope...it will be 8%..plus if u r purchaser of any metro kajang project before..entitle for 1.5% more





Its at Saville OKR..afaik...no bulk purchase discount

freehold with 1 carpark..2 carpark for 1000++sqft n 18th floor and above..

with GBI..u gonna save alot on water n electricity consumption..n overall maintainace

This post has been edited by elanessar: Oct 20 2010, 11:57 AM

i really have no idea how GBI gonna save u alot when you are paying commercial rate for utitlity......

the only setback of SM will be commercial rate for utility...but we also have to remember that commercial land always be more valuable if we compare side by side...

and back to ur question..GBI might save u up to 40% and commercial utility extra 30%
and with low e-glass and eco friendly n non toxic material used..i believe u r heading to more healthy living environment for inhabitants
its just my 2cent...
u can do some readings n research on GBI

Besides cementary, there is a big masjid near by. I saw it in wikimapia...

yes, there is. can hear the callings from this condo, definitely.

no offence..
got sound effect (azan), got cemetary....

any idea how dense is the development?
i.e how many units?

- Freehold
- S&P and stamp duty developer bear
- Loan agreement we, purchaser bear
- 2 Blocks, 23 Floors, Residential start from 7th to 23th (Total 17 floors)
- 12 units per floor, 204 units per block, total 408 units
- No DIBS (We bear the interest during construction period)

Still BBB mode?

Went to the site today. 1st time cross opposite (after mrr2 bridge). the shops besides are mostly malay offices n restorans. Didnt see any chinese restorans. further in, is the cementary. (5 mins walk from the shops) but its a small malays' cementary. (no burning things during ching ming, so is clean.) next to this is the International School of Kuala Lumpur (ISKL) (8 mins walk from shops). i saw alot nice car parking along the road side, shld belongs to Guai Lou. Saw few Guai Poh coming out from the school too. Then, accross the road will be another few rows of shops. Din see chinese restorans also. Access no problem. road are nice, no jam at all (mb not after work timing). Environment no doubt is cool ~ nice for own stay. juz not much amenities. Mb some1 staying around can tell.

Just my 2 cents...

This post has been edited by penn: Oct 20 2010, 10:35 PM

looks like it is a malay area
dun play play BBB blindly can stucked

after much thoughts, here's my views to share with all:
1. environment is considered nice/good (pros more than cons); no doubt some might dispute on cementary and masjid BUT cemetary case is similiar to tropics in ss2, no?
2. freehold is a definite pull factor
3. commercial for residences is actually a con. downside is higher assessment, higher utility bills. but again with genuine GBI, the savings in usage should be able o ofset the differences and more
4. lastly, pricing below rm400/psf is crucial. construction cost psf is staggering nowadays. with so many mega projects coming in, prices is set to escalate more. i recall few years back when china was booming and dubai is still building, malaysia faces huge shortage of steel for construction works. prices were at historical high! if malaysia's mega projects were to start work eg. warisan merdeka, mrt, lrt, etc. i foresee construction costs escalating further and future development will see at least rm500psf.

anyway the above are just IMHO.
i intend to buy still but would very much depends on the final product and freebies offered.
btw, if i buy 2 units, can i get the additional 1.5% for my 2nd unit??

walau eh bro...u so garang meh...buy 2 units at one go....
no other development around already meh?

Cementary may be not a big issue...
But the masjid, everyday 5am alarm clock, think twice, think third if flipping....

yalor, hold the horse ....think think think

Pros:
- accessibility (mrr2, duke)
- serene & quiet surrounding - melawati
- ISKL nearby
- reputable developer – in Kajang
- Sime Darby is now developing melawati, might have more condos at higher price nearby

Cons:
- near to kampong, mid-cost apartments, cemetery
- no walkable lrt station, no feeder bus to tarc or uia, yet
- access road might not be wide enough after this to support 400+ units
- for rm350k for 900sqf, u need rm2000/month to get less than 7% gross yield, is this realistic?
- melawati is fame for landed props; condos/apartments are not doing well, historically

Suitable for own stay if u’re comfortable with the monthly installment. For investment, difficult to tell.

3residen is selling well? still not sold-out after 2+ yrs right?

if buy for own stay, anywhere also can as long as comfortable and know well of the location

seeing the price so bouyant all developers gonna keep builiding and buidling

if Sime Darby cannot fully sell project, it roughly tells something right

Where is the location exactly ? Can't find it in google maps.

3 residen is close to 4 years or more.. since launch. went there many years ago

and 3 residen still not yet sold out???

Info as per approved permit:
min price is RM 401,700.00, 18 floors, 408 units, freehold

maybe got early bird disc.

walau eh from 340k to 401k for 900sqft mid floor mar at least 430k?
got to rent 2k maintenance 200 to cover cost man

3% early bird = also need 420k
good luck to BBB pple, I will pass on this

but new projects all also around this price. kota damansara, empire city, cheras...

no offence kota damansara, cheras, PJ
more 'wong', more alot chinese suppport the market and commercial activities
this part of melawati is malay area if i m not mistaken, mosque and graveyard, you name it they have it
i dun think malay will buy from you they will have bumi discount

Well, IMHO, cementary will not be a big issue as it is not the direct opposite of the building....

Yes, although, masjid is quite near, but, most housing areas now have at least 1 built within it.

In any case, don't think these 2 factors would influence much on the decision to buy. most important will be convenience, safety and future planning for the surrounding area. Anyway, the price seems rather high-end for the product offered (My thought only...no base). Wonder if there's any rooms left for price increment, after all, its not a landed unit.

---

Added on October 21, 2010, 11:30 am Don't think you can compare the prices from those areas with this area, though. Like what others had pointed out, need to compare also the facilities and amnesties available in this area. Although, its within a driving distance to major shopping centres like Giant, Jusco, Carrefour etc...but, still........


This post has been edited by Maxsimax: Oct 21 2010, 11:30 AM

the price point is definately on the high side
it is from 340k to 402k 20% up
the developer already makan ur capital gain already, crazy
think that the 900sqft can go up to 500-550k?
some more it is quite dense

are you sure? where do u guys get info from?

as per confirm...its only 338k for 900sqft

initially was 280K onwards..... i think someone from metrokajang must have monitored this thread, so the price keep increasing..... maybe when u go there on Sat, the selling price from 450K.... who knows.... for sure i will go there to eat and dabao balik......

Well, if the initial price was originally RM200+k or RM300+k as stated by our members, surely the developer has already factored in all the cost as well as profits that they required (My opinion only). I believe this to be the principal in capital planning / investment. For the price to go higher and higher would only gives the impression that the developer wanna profit more and more based on the current trend.

*IF* initially, the developer is already profiting 50%, in the end, they might profit for more than 100%...

If you look at the landed properties around, especially in melawati areas, you may find the prices to be in a range between RM300-400+k. So, what justify the high price for the project..as well as all the hyped up prices for projects around KL/Selangor remains to be speculated, I'm afraid....again, just my thoughts. However, if one would to buy for own stay, still can consider...but, for investment, I might rather splash my cash to those landed property around there, although it may be quite old.

good to see so many feedback after my posting earlier.
i'm buying for investment together with a few partners. so our capital vested would still be low, <RM15-20k per person. we don't mind making less money as long as make money will do. of course, don't hope will lose lah.
3residen did not finish selling mainly because the project 'changed' hand before. although i can't confirm this but from what i'd remember, 3 residen started by other developers selling from rm1xxk onwards. then after awhile only sime took over and started selling like rm4xxk per unit. that is why the sales is reluctant to move. can you imagine paying rm2xxk more for the same unit?
i am using riana green east as a test case. it's doing rather remarkably well for that area. and for a catchment area as big as melawati, there are bound to be a handful of residents who wish to stay in highrise, higher end development. as what a lot of taikor mentioned, the surrounding is cheaper area. landed are also at similiar prices. from history, there should be a group who wants to break out from there. and fortunate or unfortunate, saville seems to be the option to them. when ameera and 5 stones of sdb started selling in ss2, everybody also say sdb gila!
a lot of tarcians also left behind after they graduate. they would continue staying in melawati after joining the working force. this is another big group that wants to upgrade.
having said so, the cons are definitely there as well. PV offers so much more compare to saville price per square feet wise. but on the other end of mrr2, this seems like the only development there besides the exorbitant 3residen. 408 units isn't really a lot compared to other launches which goes up to >1000 units like empire city. chances for flipping would still be there, i think. at least even if people starts to throw prices, it's less damaging compared to >1000 units.
the other crucial factor is metro kajang itself. so far the developer is 'considered' reliable by handing over numerous projects including pelangi sentral, pelangi damansara, saville @ OKR, etc. their pelangi series isn't that impressive but to me saville @ okr is quite decent in terms of looks and design. therefore, by having the ONLY stand out development in that particular area might just what makes it a success. i am referring to sentul east as another example where it raises sentul as a whole.
the above seems biased as i'm quite interested in the development. but as other forummers mentioned, if rm401k for 901 sq ft? then it might not be a feasible buy anymore.
lastly, i would settle for anything at yield of 5.5% actually.

rm401,700 is the min approved price. means that the min price stated in the brochure (the small print which states min & max price).
if price is from rm340k this sat, means got discount. developer will slowly increase the price for the remaining units. this was developer's tactic during their recent launch in kajang.

great analysis, kochin.

3residen was above rm250k when launched by Negara Properties in 2007. yes, lots of tarcians stayed around here after graduating, esp in pv projects & around setapak/jln genting klang. lots of 2nd gen melawatians are also quite reluctant to get out of melawati as this is a nice area to live. not sure whether they can afford it though.

R u sure this is the price for melawati saville? If I'm not mistaken there is one other saville at old klang road.

Today's lauching is for melawati or old klang road?

today melawati. old klang road people staying liao

The price of this unit, 1000psf alrdy RM380K, do u all think quite good for invest or not?

what is the price like... those who happen to go there.

ladies and gentlemen,
they are basically 3 layouts to choose from Type a (about 1200 sqft),b (about 1000 sq ft),c(about 900 sq ft). the rest are all penthouse design.
type A 900 sq ft. 3bedroom, 2 bathroom.
type B 1000 sq ft. 3 bedroom, 2 bathroom.
type C 1200 sq ft. 3+1 bedroom, 3 bathroom.
one nice feature is you get a mini store room at the foyer before going through your main door to your unit. ideal for storing some things like golf set or shoes or umbrella, etc.
type A&B comes with 1 CP. type C got 2. type B from 18 floor and above got 2 CP also.
price is confirmed to be from rm340k for 900 sq ft with 1 CP.
ignore the gimmicks of 'free' CP for 1000 sq ft unit from 18 floors onwards as they already 'priced' into the unit. each floor level increase is increased by rm2k per floor. the unit starts from level 7. eg. all type floor to floor increase by rm2k but type B from level 17 jumping to level 18 have an increase of rm20k (there goes your so call free CP).
they have two blocks, block a & b. they are launching block b only currently. block b is the block closer to mrr2.
both blocks have 12 units per floor service by 3 lifts. they have 3 stair core each floor. the highest floor if i recall correctly is 22 storey. total units is 408 units including their penthouses. the units are spread our evenly with 6 units facing one side and the other. the 6 units are further split into threes by the lift core in the center.
all the units are either facing south-east(so called kl view that doesn't seem to have klcc view) or north west(which faces 3 residen and the mountains beyond).
maintenance inclusive of sinking fund is rm0.24 cents per square feet.
title is commercial and freehold. ceiling height was told to be 10.5 ft. showroom is currently displaying 11 feet, so make your own deduction.
no freebies such as AC, kitchen, etc given. they only offer 3% rebate from your 10% downpayment. if u're not bumi, u pay 7%. if u r repeat customer, u get additional 1.5% loyalty rebate.
overall, the sales today was 'rushed'. manpower from MK was short no drinks nor food seen. the personnel manning the people were also not thoroughly briefed. they can't answer most of my questions. no DIBS scheme! meaning you are to start servicing your loan or interest immediately upon progress payment!
now more on pricing. the prices for the cheapest unit is rm340k (type C), rm370k (type B-but i can't confirm this as i can't recall and they remain very secretive on the pricing) and rm408k (type C). no price chart was displayed. only the sales staff were carrying their price kit. generally, kl view is priced higher at rm12k to rm20k difference varying on type. i recall difference was rm20k for type a and rm15k for another type. so that generally gives you an idea of the pricing in general for the entire development.
btw, saville @ okr is currently managed bu henry butcher so maintenance ought to be 'okay'. the parking and made of saville @ OKR generally seems okay with quite good build and quiality although design for CP is quite poor with many blind spots and tight corners.
back to project and its pricing. as you can see, the smallest unit gives the highest per square foot ratio. working out to be rm340k/900sq ft = rm378psf. however the cheapest psf is quite a surprised. rm408k/1200 sq ft=rm340k. that's more than 10% difference for smallest unit versus biggest unit! the pricing simulation above is excluding the 3% for today and 5% gfor bumi and the 1.5% for repeat purchase.
one small detail that you ought to look out for is actually the units differs in actual size a bit. they have something like 900 sq ft and 907 sq ft or something like 1220 sq ft and 1253 sq ft. so please pay attention! so for the cheapest unit with all % discounted, you are able to get <RM300psf therotically!!!
sales? from my last count, so far they have stickers on the chart at about 40 bookings (as of today around noon time). and guess what? MK seems genuine in the case of official launch as they were no stickers previously. starting from a blank chart! something which is a rarity nowadays. but apparently, most of the stickers were from yesterday meaning most purchaser actually book their unit since yesterday. today, the crowd was not really amazing and the take up rate is also not BBB mode. booking is rm3000 and balance within 14 days after. you may use your credit card for the 1st 10% without charge.
hope this information is useful to all.
if you like this, please click +ve for me to gain some "repo" power!
arigato and signing out.

PS: banks are offering BLR-2.2% but might go up to BLR-2.3%.

After the 2009 BBB wave...price for 900-1000sft high rise ..hardly you can get below 320k at prime area especially at this location.

how come no more feedback after my detailed posting?
anybody in here buy? or think it's overpriced?
please share comment.

Good job.
Very detailed review. Did u secure a unit urself?
Am no fan of melawati

i have seen the thing...not my cuppa tea......
the location cannot make it.......

Maybank Housing Loan

BLR-2.2
tenure up to 40 yrs

for enquiry, pls call at 012-294 8810 CK Maybank Mortgage

seems most people is viewing this project as unprofitable for flippers nor renting. what gives?
sime's commercial area is picking up and a untested little bird chirps that their resi will be next launched at rm600psf for min 1000 sq ft!!!
benchmarking against 3 residen is still compared 'cheap'.
ultimately selling price for larger units at <RM320-330 is very attractive wor. bonus of freehold, gbi certified?
am i missing something that you guys are not telling?
to buy or not to buy? that is the question!

one can find mont kiara subsales rm420 per sq feet.
3 residen still cant sell out boss.
where or which developer launching here at rm600
like u said only think good here is the freehold status

This post has been edited by airline: Oct 28 2010, 09:43 AM

It depends on your level of exposure & ‘case studies’. If I can compare:
- why pay rm350k-rm400k if u can get Titiwangsa Sentral subsale at rm400k now (judging from adverts only). completed in june next year, and I think it has brighter prospect than this.
- some studios in KL city centre are going for less than rm350k now, giving u up to rm2k monthly rental. why wait 3 years?
- why not PV condo in tmn melati? Got LRT & food aplenty.

Is it an automatic 30% cap appreciation upon vp that u expect?
Is it difference in valuation the reason for not buying subsale?
Low dp for new project?
How much is your expected rental?

IMO, if the shoplots below prosper, the residentials will follow suit.

u go see the area ur self closely and rate the potential
diff pple diff view de right, the place is quite dead lar
good for ownstay, for investment for me will pass

sales office at old klang road..think may wan go hav a look..

scheme offered by MK is quite unattractive. no DIBS. no freebies such as AC, heaters, kitchen, cabinets, etc.
on the +ve side, it's close to TAR College.
rental? targetting to secure at least rm2k for the biggest unit (3+1 rooms) with 3 bathrooms. i think the smaller units will be less competitive.
cap appreciation? agree it's more for own stay ready than investing. so targetting small family or newly weds? maybe can target 20%?

may i know how big is TS @ RM400k? how is it possible that they are able to subsale when it's still under construction?

any property can do subsale under-constuction. 1,100sq feet.
unless developer dont allow.

This post has been edited by airline: Oct 28 2010, 11:16 AM

400k for 1,100 sq ft is rm363psf for PV. how many CP and maintenance fees pls? how much r they renting out? how much was original price?

saville is approx starting from rm408k (before discount) for 1200+ sqft.
on paper value, saville is actually pricing themselves similiar to present PV price or slightly lower.

how come no one answer my calls?

been trying to call them...

any updates for this development?
seems like nobody bought any unit from his forum?
70% finally working or is this just a lousy product?
anyway, would appreciate if anybody can provide any sort of update here.
previously, the sales people mentioned they are gonna increase price. not so sure if that materialised.
thanks.

is because of lousy location.
did u buy kochin? looks like u did

i guess lousy product meet LTV70% = doomz

Hong leong Bank

BLR-2.2
tenure up to 40 yrs

for enquiry, pls call at 012-2498 060 JohnChew Hong leong bank Mortgage

They send me a brochure for private preview, what happen? Not selling good?

400k at melawati ??

launch long time already how to have private preview somemore? unless it's for 2nd block and 1st block sold out liao?
lol.