most likely. Buying new property is indeed buying TIME.

still 15/16, cannot decide...

last heard is rm1100psft due to en bloc by chinese from china. Rumors said SP sell to them 1 tower less than rm900psft, now sub sale back to malaysian at rm1100psft. how true?

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Added on August 29, 2012, 6:29 pmof course, millionaire dont surf LYN, they use broker to help them make money.

This post has been edited by peri peri: Aug 29 2012, 06:29 PM

My actual plan is like this.

I sell the Soho Damansara Perdana and flip it for a shop. Then I keep the KL Eco city for rental. If it has at least 20% of appreciation, then I will sell it off. Is that feasible? Please advice.

i always thought most of the property price there are slump, better now redi?

You meant I won't be able to get the return at this point of time?

Plenty of developments still coming up, unlikely you can fetch a good price.

i believe u have strong holding power, wait till the mrt completed in year 2016, is a game changer then.

Thank you so much , guys!!!

Bro Money 168, please take into consideration of SP Setia changing hand to GLC within this 2 to 3 years...... U know how GLC work.... No construction but destruction! Sapu everything....

location is superb so do not expect any cheap sales ..
the garden North Point condo is already transacted average between RM 800 - 900 per sqft
so I think it's worth RM 1200 ... some more with partial furnished + fully integrated concept ...
one should go if he has no issue with loan

But bro with rm 1200psf, I cannot imagine what would one expect for the rental yield unless you plan to stay on your own.

RM 1200 / sqft is what the owner will pay 5 years later, after discount it would be like RM 1100 /sqft.
If benchmark against the current north point condo which is already RM 800 - RM900 /sqft, I think Ecocity is good to invest.
In addition SP Setia will deliver the unit with integrated transport hub, retail podium etc etc which by then the old North Point will easily reach RM 1200/sqft. My 2 cents.

Yea guys, all costs of infra are factored into the price. If not who is going to build for you. We are heading to another new high price for this area.

Any units available?

yes still available but all above RM900k. Most of the lowe floor / small size unit already taken.
suggest you to check with ecocity office.
with DIBS + fees included + 5% early bird discount, one only need to pay 5% dp, some more it has got 36 months zero % installment.
but of course he /she must be eligble for loan.

Do you think this unit is superb? Just imagine the noise along the highway?

there are way too many 5 star hotels and condo in KL city located just next to busy road \ ...
noise from highway could be a minor disadvantage .... if it is a major it must be too close to it .....
ecocity residential tower 3 (launch in 2014?) being the nearest to federal highway ... is at least 200m - 300m away .....
residential tower 1 (current launch) is at least 1 km away from federal highway ...
spsetia will build new access .... link directly to federal highway ....
in addition this condo has lower tier and upper tier just like KLIA ... for parking and drop off / pick up ..

If SP use good material to block noise then it should not be an issue. But no view over this location. It is just a business type of location.

People whom stay there is working on fast pace. Asian style.

I also think Ecocity is a safer bet.

It have good planning and the river project look workable and no one is offering the same products ( like river thames concept) in KL at this moment.