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This post has been edited by accetera: Jul 5 2024, 07:51 AM

Pricing from?

ALL DESIGN VERY MORDERN

what is the residence price range about...

can PM me the detail..

thx

Knowing its SP then pricing defo wont be cheap.......

Any impact to housing at Bangsar area?

PROPOSED MRT STATION @ KL ECOCITY

by nazrey SSC Msia
http://www.skyscrapercity.com/showthread.php?t=505099




PROPOSED MID VALLEY CITY PHASE 3 - 2011

Photo by Viktor SSC Malaysia
http://www.skyscrapercity.com/showthread.php?t=1011863


This post has been edited by accetera: Sep 25 2010, 11:48 PM

Ramp cost of 300 million will be borne by developer...nice!!

But this mean that the price won't be calming...

Another megaproject nearby:
- The proposed KL Media City @ Angkasapuri

woooo... lotssaaa of megaprojects LOL


YES.

Rationally, Bangsar will be more directly influenced by the upcoming BANGSAR's LEVER BROTHERS development... and the future dat looks like having two HK's IFC towers at BANGSAR SOUTH CITY 2.



This post has been edited by accetera: Sep 26 2010, 12:00 AM

This is a good project. But I can hardly imagine how the traffic is going to be when it is completed. Definitely worth it for investment.

Yes...it is a 100% value for money.

Pai,

let start group purchase for this...
haha

This is the place rite?
location:
http://www.streetdirectory.com.my/malaysia...73195&l=13&s=kl

Now that is a nice location. Riverfront some more. Anyone know what type of residential will be offered? Commercial is way out of my league.

I am planning to get a residential property.. a small apartment with 2 or 3 rooms.. in within this 2 years.

Anywhere that I can find updates or more info.. specificly pricing and specs on the development?

Sorry, I'm currently working away from KL..

@Pai Tai Kor, how much do you think they will launch? 800psft?

You're wrong. It's going to ultimately be borne by the buyer..... .

Anyway, it's going to turn the already bad traffic into a nightmare . I need to start thinking about moving to another job (I'm working around Dataran Maybank)....

taikor Pai, don't forget to include me if you are aiming for group purchase for this project

lelynx, didnt u post the same thing yesterday? about this development?

Sp setia got conduct group purchase before meh?
they have own sales team

will be very expensive lahhh

i was told it is going to be 1000 psf ... location wise is too good to resist!!
close to bangsar, got mall, ammenites is there, got LRT, and bringing MRT as well ...
center of Klang Valley, major highway connected...



developer SP say it is another gold mine... all the dato, datin, tan sri sure sapu...

Wow.... the project waiting for so long.
If group purchase , invite me as well

me 2

check out de website http://www.klecocity.com.my


---------------

This post has been edited by accetera: Oct 26 2010, 11:18 PM

nobody bought/book last sunday?

BBB craze got? too expensive for now but worth it if u can see the price keep goin up...

This post has been edited by accetera: May 25 2011, 12:27 AM

already launch?price range how much?

1200 psf. keep sending me email and sms invitation every week...seems like desperate a bit...

I did called and was told price from $1200/sqft. Comes in semi-furnish (cabinet/aircond/plaster ceiling/etc). Feels quite pricey though.

Crazy liao.....1200 psf...

sp setia is fisher man now...
fishing for waterfish

they tot i was a waterfish when i visited their office few weeks back....

At $1200/sqft, there's plenty of options to choose from inside KL city, include within golden triangle areas. SPsetia must be too ambitious and overly confidence with the current market.

who's the fishmonger???

I want to sapu one this weekend.

went there early fri morning around 10.20, left bout less than 20units now... managed to buy one on 52nd floor and 38th floor. those who is goin on sat, best of luck... u may not hav much to choose from.

it seems this is BBB despite the so-called high price...

Siao liao la. From 1200 psf also habis sapued ?? At 10.20 so early just left 20 units look like alot of internal sapued the units.

now MCity and EcoCity = BBB....... (both got rumoured same line future MRT)

fully endorsed by LYN hahahaha...........

This post has been edited by accetera: May 28 2011, 01:11 AM

i saw alot of people when i was there in the morning, and it took bout 20mins only got a sales person to attend me lol... so i think it is really hot cake la. anyone else bought ?

it seems like more people are going to jump off from their condo soon once any major economic crisis hit that will affected income either business or working.
1200psf and still BBB???

Many interested parties but very less buyers, simply because of the price tag. Many internal staffs has snatched their own units to make it looks like a good demand, but in fact it's not like what you seen on the chart. In next few weeks you going to see that sales person told you that certain units are available because owners unable to get loan and etc..but the truth is their own unit release.

May i know the size of the residential units??

Sadly i just got the msg from SPSetia but it was actually 'secretly' launched last week? or few weeks ago?

wahhh....based on calculation RM1200/sq ft for 1200sqft ..the condo cost is approximately 1.5million.

very expensive..haiyaaaa

better buy a bungalow in melawati

Sifus in LYN, I just got a text message from SP Setia telling me that I can secure my registration (which I think I did register) on Friday (10th June 2011) at Gardens level 5 10am - 5pm.

Is there still any small residential units available? I don't know if I can afford a unit here, but may just go there to busy body a bit.

Any update on the sales of this project?

almost sold out?

hello pple,

anyone have any news on this project?

how about existing apartment there? abdullah hukum apt n flat there??

U mean will they demolish it?

will they?
no wonder price super expensive. they have to pay compensation....

This project was highly recommended by some of my ppty investors frens. However, i'm not familiar with Kl ppty mkt, so not sure shld go in or not..

Where is their sales gallery ?

inside got one hindu temple this could be create problem later.

why?

Interesting. Any reason why it was highly recommended?

Anyone heard of 'river of live' project in KL? heard that there is a hub just right next to Eco city, anyone care to explain a little?

Refer to the thread here >>> http://forum.lowyat.net/topic/1198894/+180

It has nothing to do with KL EcoCity but certainly a spillover effect for all of KL as it is a big project worth up to RM8 billion alone (bear in mind this is only referring to the KL river portion).

MRCB-Ekovest has been selected to begin works in 1Q 2012.

And I'll show the winning design by the world's largest architecture firm US-based AECOM here:




This post has been edited by accetera: Aug 29 2011, 12:26 AM

My fren is a royalt customer for SP Setia, and he told me this is one of the project that worth buying. I'm live in overseas, but travel back to KL frequently, thinking of buying some investment ppty in KL. KL ppty seems getting more and more expensive, might not be able to afford one in the future... I booked a unit facing swimming pool, can you give me some advice ? Thanks....

this area got bangsar south, pantai hill park to consider also...

Thanks for your advice. Let me check where is Pantai hill park. I'm a newbie for KL ppty mkt, and not familiar with d area yet.

Think the offices are better bets than the residentials.............

I was told should go to office rather than residential. When I went to their sales office in Jan, office still available, but a mth later, all gone. My fren advice worth to buy bcoz some of Bangsar ppty also around the same price. Based on their advice, i booked a unit....

u dont need to worry about ppl saying this property is "expensive"

because u worked overseas and by being able to buy expensive, your property could be even more expensive (in terms of capital values) in the future....

Sifu, thanks for your support.....

mesti crazy price with crazy jam one..

Seriously I really not sure is it consider expensive or reasonable til I visited this forum.

However, my architect fren told me, Bangsar oledi hit 1100psf, so KLEC is worth buying, he also booked 1 while I paid booking fees, and he didnt know this project at all. Besides, another fren booked 2 units somemore, as he trust SP Setia brand.....

For traffic wise, no doubt MV very jam, but I think everywhere in KL also like this. I go to Jakarta and Bangkok for work frequently, these 2 cities also d same, vy vy jammed.

wow.. you are very active, see you in another forum. You full time in property invertment?

Which Bangsar is selling at 1100psf? Bangsar South? Bangsar Trade Centre? Real Bangsar? You know developer in KL like to use glamour name to confuse those that didn't do enough homework.

Like Damansara, we have Damansara Height, Mutiara Damansara, Damansara Flora, Damansara Damai, Kota Damansara, Damansara Indah, Damansara Perdana...some of the Damansara cannot make money one.

Your friend jump, you jump also... Unless your friend is very good in properties investment, otherwise, I would advise you do you homework and study carefully.

Cannot deny that SP Setia is top developer but also cannot deny that you will sure make money from them. Now, all these "Top" developers are selling at record high price and make you harder to make more money compared to before.

So, my advice is, please consult someone knows quite well about KL property market or post your questions here.

Cheers!

This post has been edited by GlobalKL: Sep 2 2011, 08:20 PM

Maybe ken bangsar hit 1000 per sq feet

Haha, try to learn from all d sifu/sitai mah, so must b active then. And I cant deny this and the other forum really given me lots of ideas and info about KL ppty.

Let me tell you something, mayb u think I'm silly. I bgt 4 ppty since last yr, without inspect or visiting d showroom or look at d flr plan, incl KLEC & 1 in Ampang. I always read this forum, if feedback postive, then jump in. My agent & banker will arrange all d rest for me..

Due to my personal preference of high flr, 1000sf+ and min 2br, it make my entry costs higher than those studio or 1br. This is why it make me realised I shld study more before jump in further. Also the reason why I post a topic in the other forum, as I prepare to get 1 more ppty.

I'm not sure how expert are these frens, they just followed me in KLEC case, so I jump and they jump too.

All d sifu/sitai, pls do not misunderstood me to show off my buying power, I just to let ur pp know how silly I'm to jump in without study hard. So I hope ur pp dont mind to teach me more lesson..... thx

Hi Froglai88,

What made u so bullish about KL property?

must also take into consideration of holding power on froglai...

if you can hold > 5 yrs, think KLCC properties are investible. maybe frogai is not familiar with other areas within Klang Valley.

if Frogai is interested ONLY on capital yield, then buying all properties within KL city centre might not be the best options. Properties outside KLCC/city centre generally yield much better....but you need to familiar with these places.

otherwise, like most overseas based investors...they only see CITY as more secured way of investing....correct me if I am wrong Froglai.

klcc prop like blue chip so the value increase very slowly but the divident (rental) is good. (but u may wrongly buy poor blue chip which give u no or low divident ) while outside klcc prop is like a growth co share (if u chose the correct one), so the price shot up very fast and make lot of $. but if you chose the wrong prop outside klcc then diffrent stories liao. either no transaction -->stagnant price-->price drop worst it become PN17 status...(abandoned project)

haha, all d taikor/taijar r right, I only familiar with city and Mid Valley area. At d moment, i intend to hold all d ppty for long term rather than quick gain. Fortune teller said dont bet, u dont hv d luck... hahaha
KL ppty rocket hike, climbing too fast, I afraid if dont start now, might not b able to catch up later. This is why I shift my focus from Sabah ppty to KL ppty since last yr, but my limited knowledge abt KL ppty had restricted my access into it, especially outside city areas.

This post has been edited by froglai88: Sep 3 2011, 06:22 PM

froglai,
would you be able to share with other 3/4 properties that you have bought?
you came into KL property scene only early this year?

No problem... Eco City and The Element..... both high floor and min of 2br...

Yeah... bgt my 1st ppty in KL last Oct....

Any comment ?

Hey all, I also reserve a unit at Eco city, if I remembered correctly, they have collected my cheque for RM 10k deposit now, bought high floor with early bird discount, only 3% discount, with DIBS and finish in 2013/14, am I right? Price around 1200 plus psf, wonder what will KL prices be in 3 years time!!

Anyone care to predict?

I wish I have crystal ball.

My guess is KL Property price will stay stagnant or increase slightly after huge increase for last two years. Cannot predict as I am not sifu so can only guess.

thanks for sharing.
no comment as I am not good with condo investment.

given choice, I still prefer to invest in landed......at this stage......

KLEC, if nothing else, at least you got into 1st phase...so nothing to loose, if holds longer term.....

The Element.....single build and dust project.....just like many condos in Ampang area....
I dun see any USP for this project...unless you keep for own stay.

Thx for sharing...

I always into landed ppty in Sydney. D reason I go to condo in KL due to higher rental yield, also not familiar with its mkt.

Yeah, for KLEC, when I 1st register, they told me ard 1100psf, end up 1200+ with 3% discount. I didnt went to d launch, my agent choose d unit on my behalf. Yup, DIBS with completion in 2013/2014.

My unit in The Element almost highest flr, corner with unblock view, 3br. Also DIBS with completion in 2013/2014.

My plan is 1 more condo, then go to commercial..

Cross finger... hehe

KL - higher rental yield? I hope you have been furnished with reliable info on rental management and rental yield in KL, especially on high end market.

I was "toyed"with the idea of KLEC...but gave up after I noticed that MBR without windows! [based on initial drafted layout]. Not sure if they have changed it before launch.
also, given that at launch time, all other existing condos (from mid valley to real bangsar to bangsar south, pantai) are selling from 450psf to 800psf, personally I find that at 1200psf, the risk is too high. KLEC also rely on the completion of LRT/MRT network to survive. Althought the odd is good, but until and unless they built it....it remains as a bet.

Bangsar UOA sits right outside LRT....with connecting bridge summore....but I don't see that their price has surged beyond expectation.

I was told that for rental purposes, view NOT important, mostly.

how much you paid for KLEC and The Element? From purchase price, probably we can see whether it is worth to invest on these 2 prop especially for rental yield. Remember, sales agent is sweet in closing deal.

KLEC ard 1.3mil+, The Element ard 1mil.

Once again, nothing to do with me agent, I saw The Element in iProperty, quite like it. So authorised my managing agent to pay d deposit for me, same with KLEC. He nvr get commission from d developers.

I bgt d 1st & 2nd ppty below 300k from my managing agent ( long time fren) as a entry to d mkt.

Boss, what is your plan for KLEC and The Element?

KLEC - 2 br
The Element - 3 br

From the investment perspective, you should get small unit of The Element or 2 br.

With that million price tag for both properties, what is your plan for it? Flip or rent out?

For rent, I don't know how much you want to rent out.

For flip, please read this one.

http://www.themalaysianinsider.com/malaysi...uyers-says-rhb/

KUALA LUMPUR, Sept 5 — A change in the way mortgages are calculated might slash the amounts that the public can borrow for property purchases by as much as 37 per cent, said RHB Research Institute in a report today.

RHB said that the proposal to change the computation of property mortgages — to be based on net income rather than gross income — is currently on Bank Negara Malaysia’s table for consideration.

The change comes as the central bank attempts to reign in household debt that, as a percentage of gross domestic product, surged to a record high level in 2010 due to low interest rates and easy financing schemes.

As a percentage of GDP, Malaysia’s household debt increased from 66.7 per cent in 2004 to 76 per cent in 2009, which is uncomfortably close to the levels seen in the US prior to the 2008 financial crisis.

Household income is one of the key guidelines in credit evaluation for banks and mortgage instalments are now typically calculated at one-third of gross income.

A move to calculate mortgages based on net income could reduce the threshold for mortgage instalments and thus impact residential property prices.

RHB estimated that the proposed measure could lower affordability by 14-37 per cent and the impact would be most severe in the high-end segment.

“For example, assuming an individual’s gross monthly salary of RM5,000 and if mortgage is to be calculated on net pay basis, the house value that one can afford will be reduced to RM231,000 from RM300,000 (or RM277,000 from RM360,000), using the rule of thumb of 5x (or 6x) of gross salary per annum,” said RHB.

“If supply is to match with demand, it implies that prices will have to correct by a similar (or smaller) percentage for the supply to be absorbed, or developers will start to slow down their launches to limit the supply in the market.”

RHB added that apart from the calculation of household debt on net income basis, RPGT (real property gains tax) has also been speculated as one of the possible measures that the government may impose in the 2012 budget.

“We believe RPGT is a more meaningful measure to curb speculative purchases in the property market,” said RHB. “We expect, if it is to be imposed, the tax rate to revert to pre-April 1 2007 level or slightly lower.”

RPGT has been set at a five per cent flat rate for any properties disposed of within five years of purchase while prior to April 1 2007, it was 30 per cent for disposal within the first two years of purchase and progressively lower for disposal of properties in subsequent years.

RHB added that the recent sell down in equity markets is expected to increase economic fears and could also hit property buying sentiment.

It noted that in the 2008/2009 global economic slowdown, property sales stalled and fell 30-40 per cent year-on-year and prices dropped 10.6 per cent in Kuala Lumpur.

“As we only expect a slower economic growth, property sales and prices may experience some minor corrections of 5-10 per cent,” said RHB.

Putrajaya introduced a 70 per cent loan-to-value mortgage cap on third properties last year in response to complaints that property prices had spiralled out of control due to rampant speculation.

A housing affordability chart carried in the The Edge Financial Daily on August 15 showed that property prices had risen from 5.9 times income in 1989 to 10.9 times income in 2010.

The share of household loans to total bank loans in Malaysia, meanwhile, rose from 35.2 per cent in 2000 to 55.5 per cent in August 2010.

GlobalKL kor,

In fact my unit in The Element is 2+1br and 2br for KLEC. At the moment, I dont have intention to flip it, or I shld say I'm not good in quick gains. since I still very new to KL ppty mkt.

So might consider using it for rental purpose at this stage, and I understand d rental will not be sufficient to cover my payments, due to high density and short loan term.

Thanks for ur advice..

Any suggestion ?

For rental purpose, I don't know whether you can cover it or up.

I would go for subsale for The Element + KLEC equivalent properties.

For The Element - You can consider nearby subsale condo such as Suria Jelatek, Riana Green East, Seri Maya. At least these condos much much cheaper than The Element and you know the rental as well. I don't foresee The Element will fetch very high rental because it is around 1000 units in total and you need to fight with M City, M Suite, Olive 108...
Few months ago, when I went to The Element, the sale was not that great, 50% of one of the 2 blocks sold out and another block hasn't open up for sale yet...so this translate to around 20% to 30% sold in total of the development. That was few months ago. I don't know now but probably within the same figure or maybe slightly better.

For KLEC, probably this is better bet than The Element but the price is too high. You can probably go and get subsale of Northpoint http://www.iproperty.com.my/propertylistin...ominium_ForSale

so all in all, I think you know my stand on these 2 projects. Of course if your pocket is deep enough, then no issue for you.

Good luck and hope to revisit this 3 or 4 years from now.

GlobalKL kor, I think what you said was right into my concern. I always tot I'm lucky to get above properties, and at a right price and at a right size, based on my past experience in Aust. Furthermore, some very positive views and opinion from local KL frens made me no hesitation to go ahead.

Only until recently after I joined the forum, then I realised I might go into a wrong strategy. I started to get abit worry, anyway, too late to turn back now. Finger cross.....

This is why now I try not to buying anymore new launch that will be compleled in 2013/2014. Coz I pretty sure d rental unable to cover monthly loan repayments, coz d 2 mthly loan repayment more than 11k+....

Now try to buy smaller subsales units with a instant rental income...

Thanks for your opinion, appreciated.

still got units left?

the place is good with all the amenitied nearby .
only the price is bit difficult to digest..

froglai88 kor, you are welcome. lucky to get above properties? and right price? Sometimes you cannot use the same yard stick of another country to apply to KL properties. You need to look into average wages, cost of living, income per capita, inflation rate for these countries...that is the reason why some gurus always mention that KL properties are cheap cheap compared to SG, HK, China....but we need to look into the uniqueness of these countries in terms of supply/demand, land scarcity, population, income per capita... and that apply to AUS as well. If you ask local KL kia, they won't say The Element and KLEC are cheap and most of them will shun away from these 2 prop. You can see the response in this thread telling you something...

Listening to a few frens is not as powerful as listening to a group of property-savvy forumers, right? There are few forums in the internet discuss about KL prop and I believe that you know some as well...So next time, you better do your homework before venture into Luxury type of investment...

Hope you can get back at least your capital for The Element + KLEC. Good luck.

This is another source of info for you to digest and see whether you are buying too high-priced product or not and the prospect for this luxury prop.

http://www.swhengtee.com.my/swhengtee-news...market-bad-move

Tightening measures on luxury property market bad move
Thursday, 15 September 2011 07:35

Soruce from : Homeguru.com.my

Regulations to curb investment in the luxury property market, which is expected to be introduced by the government in the upcoming Budget 2012 in October, may not be a good move.

According to Gavin Tee, Founding President of Swhengtee International Real Estate Investors Club, curbing the wrong investment segment may cause a less favourable situation for the Malaysian property market.

Malaysia's high-end property market has been quieter since 2009. Today's market trend focused mostly on landed apartments, commercial properties and medium-cost apartments. Thus, tightening measures for the high-end segment should have been implemented way back in 2008 and 2009. Tee said that the luxury property market needs a boost to stimulate the economy instead of cooling measures.

Currently, medium cost units at the outskirts can reach between RM700 psf and RM800 psf, while areas like Mont' Kiara and the city centre can go as low as RM600 psf. Tee suggested that some clarity from the government would be a good move. It is important to understand the difference in each market segment and not to implement measures that would affect the wrong market, he said.

Meanwhile, high-end units in the city centre are being marketed at around RM800 psf, and within the range of RM1000 psf to RM1500 psf. This is said to be the lowest price among the region and five times lower compared to luxury units in Singapore.

"We are in the initial stage of globalising our capital to reach metrocity stage, and it is important to attract foreign and local investors to drive our country's Economic Transformation Programme (ETP)," said Tee.

The government's plan to make world-class cities in places like Kuala Lumpur, Kota Kinabalu, Penang, Melaka and Johor need the property market to be globalised. However, the country suffers from lack of foreign interest compared to neighbouring countries.

"So if the government introduces measures which discourage investment and create a negative impact, this could result in a slow-down in the processes of the Economic Transformation Programme. In fact, incentives to encourage foreigners and locals to stay in high-end areas should be offered especially in city centres, which have not been very conducive to stay in."

The profitable properties are primarily in mega-projects, globalised commercial buildings, institutional shopping malls and tourism real estate. Tee pointed out that if Real Property Gains Tax (RPGT) will be used as a tightening measure, the focus should be on those sectors and not on individuals, especially after housing loan policies have already been tightened.

"The possible measurements of increasing the Real Property Gains Tax (RPGT) or tightening of property loans would have an impact on the globalisation of our real estate market. A wrong move will affect our current historic moment in the long-term growth of our real estate market, and it should not be discouraged from growing so," he said.


http://www.theedgeproperty.com/news-a-view...ic-turmoil.html

SUBANG JAYA: The uncertainties over the world economic prospects have started to take a toll on the local property market. Transactions have been slowing down in the past three months compared with a year ago, in addition to stricter requirements for mortgage application.

Glomac Bhd group managing director and CEO Datuk FD Iskandar said the external challenges would put pressure on the property sector. The extra requirement for the financing of property purchase also dampened demand, he added.

"There have been more measures required by the banks in terms of lower loan to value ratio (LVR) and other aspects where they are now calculating the eligibility for loans based on net income instead of the gross domestic household income of potential purchasers. So coupled with these, the US high unemployment rate and the financial meltdown in Europe, there would definitely be a slight slowdown," he said on the sidelines of the 14th National Housing and Property Summit on Wednesday, Sept 14.

Iskandar said the property sector would continue as one of the mainstay sectors to drive the country's economic growth.

He said the foreign capital outflow would have affected demand for high-end properties. He suggested that the government promote the Klang Valley for real estate investment in the region to increase Malaysia's attractiveness to foreign investors.

"We should somehow focus and make Malaysia, or Greater KL, as a real estate investment point; that's what I think we should do. We are going out and telling foreigners how great our country is, which is fine, but at the end of the day we forget to tell them that our property is good, the quality is good, design is good, it's very affordable, and we have some of the most lenient property laws in the world for foreigners to purchase property, it's so easy."

Despite the slowdown in the overall market for the past few months, there are sub-sectors in the property market which are still vibrant and attracting a lot of queries. This is especially in the affordable housing range between RM200,000 and RM550,000, according to Datuk Eddy Chen, group managing director of MKH Bhd and chairman of Real Estate and Housing Developers' Association (Rehda) Institute.

Chen said the local property market still has room to grow as the average units built every year do not exceed what the market can absorb. He said annually about 150,000 units are built and the market can absorb between 170,000 and 180,000 units.

This post has been edited by GlobalKL: Sep 16 2011, 06:45 AM

btw, with 2 mthly loan repayment more than 11k+ for 2 properties, which mean on average 5.5K for each prop: KLEC + The Element but I believe the repayment for KLEC is more, right?

now let us do some maths here:

Assume that you just breakeven only, excluding maintenance fees
KLEC - rental 5.5K
The Element - rental 5.5K

((11k x 12) / 2.3M ) x 100% = 5.7% rental yield...is it attractive?

But the big question is, can The Element commands that rental? But KLEC probably can achieve.

So if we go further, include the maintenance fees and ++ cost, I think the rental yield even lower...if you can get between 4% to 5.7%, then you should be happy but bleeding every month...

Please don't get me wrong, I am not scaring you, but sharing the hard true fact.

ok, now let us see what you can do with 11k+ monthly installment?
- with 2.3M, I think you can get 5 units of Titiwangsa Sentral and assume that each units give you rental of 2.5K per month. Hence

((2.5k x 5 x 12) / 2.3M) x 100% = 6.5% rental yield...is it more attractive?

- Getting TS units and you can immediate rent it out and don't need to wait unit 2013/14...
- More liquid and any time you can sell 1 or 2 units.
- but TS is not high end / luxury type...cater for bigger market.
- I am not promoting TS and just take it as case study only.
- I know some forumers will attack me later but welcome your -ve or +ve points.

This post has been edited by GlobalKL: Sep 16 2011, 08:06 AM

I agreed with you. Like I said, I bgt those ppty before I joined the forum. Hopefully 2 of tenanted units can help some of the repayment for both The Element and KLEC.

PAI sifu also adviced me to withdraw if possible, go for something mid costs, but too late now... hehe

Dont worry, you are just telling your the truth, and I really appreciate it. Mayb we can meet up for a drink when my next trip to KL, your comment is definately worth more than a coffee....

So I changed my investment strategy abit now, after learning from all the taikor/taijar... I paid deposit for a studio unit in EVE suite, and also a tenanted unit in Axis Residence Ampang. Hope I wont make a wrong choice this time...

No one will attack you, as this is an experience sharing forum, so there isnt right or wrong, all + or - points are welcome.

if there is u-turn, then life will be much better...What Pai said is right..

sure we can sit down for a drink++

just ping me few days beforehand.

Cheers!

GlobalKL kor, thanks for your opinion all this time, really appreciate. Pls PM me your contact details.

GlobalKl - excellent fact finding.