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Investment SETAPAK GREEN RESIDENCES by UOA, Your Enclave for Refresh Living

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mature
post Oct 10 2010, 01:51 PM

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Added on October 10, 2010, 1:57 pm
QUOTE(penn @ Oct 10 2010, 10:54 AM)
As they told is 445 units. with a roof top garden. 222 and 288 dun have any garden. juz 1 block of building on the small piece of land. and indoor swimming pool. me myself i like the garden thing.  Can relax after working in KL.
so any update in the sales cybertechmkteo? hows the crowd?
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not sure about setapak green. but 222 and 288 build with landscaped garden and other build in facility. may refer their latest website http://www.kpproperty.com.my


Added on October 10, 2010, 2:05 pm
QUOTE(webby88 @ Oct 10 2010, 07:24 AM)
I was told that SG had done some adjustment to the price due to resizing of some units which is now slightly bigger.  Not sure if this was an error on Friday which UOA found out or due to some change of plans.  As such some adjustment on the total unit pricing.  Whether psf the prices have gone up, I don't really know.
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friday is only open for uoa member? so 9th and 10th selling with wat price? anyone can share?

if below 330psft then i would say is a good buy though not sure about the material quality. but uoa should be ok?


Added on October 10, 2010, 2:08 pm
QUOTE(penn @ Oct 10 2010, 12:35 PM)
UOA quality is higher.
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even better than pv8? is setapak green comparable with 222 and 288 interms of material quality? if yes, then its a good buy.


Added on October 10, 2010, 4:38 pm
QUOTE(john@ @ Oct 10 2010, 09:37 AM)
how many total units for Setapak Green? 4.5 acres land is quite a large land size with if it's just one block.
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222 residency: 1.85 acres, 1 block, 222 units, 3 lifts, indoor facilities ---> 4 units share one lift for same floor or 74 units share one lift for whole block

288 residency: 2.0+ acres(cant remember exact figure), 1 block, 288 units, indoor facilities ---> 4 units share one lift for same floor or 96 units share one lift for whole block

setapak green: 4.5 acres, ? block, 445 units, ? lifts, indoor or outdoor facilities? setapak green purchaser please help to update.

This post has been edited by mature: Oct 10 2010, 04:39 PM
mature
post Oct 10 2010, 08:50 PM

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QUOTE(john@ @ Oct 10 2010, 08:06 PM)
roof top garden? with such big land, why not garden on the land beside swimming pool which is better as for me...hehe...
about the indoor swimming pool in 222/288, for me i think it's a very good thing as well, bcos can swim regardless of weather. Important thing is their indoor swimming pool is really suitable to swim, not like those that good to see only.
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yea...i heard earlier time that uoa going to copy 222 concept to have indoor facility. but dun know is true or not?
mature
post Oct 11 2010, 01:09 AM

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QUOTE(webby88 @ Oct 10 2010, 09:34 PM)
Drop by the sales office this afternoon. UOA is having a preview and option for booking with rm10K issued to the stakeholder.  S&P is expected to be executed in Jan 2011 as design is still being finalised. For 222/288, it is a sales launch. 

Most levels are open for booking except for a few.  Almost all KLCC and swimming pool facing units were booked.  That translates to about 50% bookings of the available units as of 2.00pm today.

For 8th floor, KLCC facing view, price should be around 330 psf + or - a little, after discount. All units come with 2 car parks versus 222/288 only one. 

SG has a density of 445 units over 4.5 acres of residential land.  With a single block of 16 units per floor serve by 6 lifts it comes either with a "Semi D" or "Bungalow" design.  222/288 is on commercial land and not sure of their total land size and how many lifts per block.

Because of the 4.5 acres, SG facilities are quite spread out.  The swimming pool is on the ground compared to 222/288 is above the carpark level thus indoor to save space. 

The SG carpark is a separately built 6 floor complex with a roof top garden and a connecting bridge to the condo block. Quite nice in terms of open spaces and gardens, hopefully with proper landscaping and maintenance. Overall, 222/288 is quite a compact design with all facilities contain within a building similar to the one found mainly in KL city where land-bank is  very expensive. 

However, the design of 222/288 seem more modern compared to SG which looks like bangsarsouth park residence copy and paste facade. Hopefully that will improve a little as their design is still being tweaked. 222/288 have an impressive show unit whereas, SG has only poster on the wall and still subject to change on the design.  Practicability of the design is alright.  Finishing on paper seem very like park residence, bangsarsouth. 288 comes equipped with kitchen cabinet together with fridge, oven and burner/hood.

As to developer, UOA is a big organisation but not very sure of KP, developer of 222/288.  Reliability and reputation of developer is an important factor. Can anyone familiar on KP or UOA please shed some light for consideration of potential buyers 

A condo or service residence depends on long term maintenance.  Which will be better maintained will be time tested.  Which will fetch better sales or rental will surely depends on this important factor. Not sure if UOA or KP can perform better.

What can be seen here are 2 high end developments (at least based on price) in Setapak and the delivery of these 2 projects will test a new benchmark in the pricing for this area going forward. In terms of location, they are almost the same though many people familiar to this place, will say that SG is a tad better.
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uoa selling 330 psqft...any freebies from setapak green? like kitchen cabinet/... i know 288 provide 40k freebies. if no freebies from setapak green, then the price is comparable with 288 liao, which selling 490k for 1400 sqft. then quality material is a comparable factor. anyne check on the quality provided by uoa? as good as kppropery provide?

anyway, 288 is residential land, not commercial land.

are you sure 288 provide 1 car park? i know 222 give 1 car park coz price is lower coz sft is smaller. if 288 only give 1 car park, then setapak green is cheaper interm of price (if material quality is comparable with 288).

This post has been edited by mature: Oct 11 2010, 01:34 AM
mature
post Oct 11 2010, 09:22 PM

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QUOTE(john@ @ Oct 11 2010, 09:17 PM)
i have to say myself very impress of 222 facade as well, seems like they even done it better in 288. i went to the show house, nice....high ceiling, big main door, good material use for the windows and the bathrooms.
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yea...i went to 222/288 show unit. design and material is really nice and high end. if setapak green quality is same as bangsar south, then 222/288 is nicer.

anyone can provide more accurate info on uoa price and sqft? is 288 providing 1 or 2 car parks?

This post has been edited by mature: Oct 11 2010, 09:38 PM
mature
post Oct 21 2010, 10:58 PM

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QUOTE(vreis @ Oct 21 2010, 12:58 PM)
thats why buying properties from reputable developer (in this case UOA), you need to pay premium price since the risks are lesser and they need to deliver their promises. 
My point is for those that thinks good main con (which KP are) = good developer.
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UOA pre-launched without doing preparation. Even worst when they take the bangsar south design as SG. All this just because they want to compete with 288. So, you think this is what a "reputable" company suppose to perform? I'm disappointed.

UOA was doing quite good. But, this time UOA is lousy.
mature
post Oct 22 2010, 11:12 AM

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QUOTE(vreis @ Oct 22 2010, 10:03 AM)
u missed the point. I wholly agree with your above statement. If u care to read thru, I did reply someone, he/she over flattered UOA
As I said, the point raised is ONLY u cannot merely compare being a good main con = GOOD developer wink.gif
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understand good contractor is not exact equvalent to good developer. but what kp deliver so far is good interms of package given (design/material/..) and SINCERITY. another hand, what uoa deliver so far is bad. uoa failed to deliver sincerity which is the most important in doing any business. the purpose of launching is just to compete with 288 so that they can earn more $$. i know nothing wrong to earn $$, but always need to consider buyer benefits as FIRST PRIORITY.

kp is good or not? if u want me to judge now, my answer is they did a good job. in future? no one knows. lets see after 3 years what happen.
mature
post Oct 30 2010, 04:57 PM

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QUOTE(fortuner @ Oct 30 2010, 04:38 PM)
Yes. I forgot that point too. They have to move fast because of the 288 project.

In my view, the PV developments are the best value in Setapak area - location and price wise - but even their latest projects have become expensive.
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i dun get u. y u said pv location is better? somemore u just said pv latest project is more expensive, but u mensioned also pv is better in terms of price? so, yr point is more expensive, more better? kind of confuse with yr statement.

i personal do think 288/sg location is better than pv. cant compare sg with pv coz pv is too high in volumn.
mature
post Oct 30 2010, 07:30 PM

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QUOTE(fortuner @ Oct 30 2010, 05:11 PM)
Sorry for not being clear. Let me explain myself.

1. PV (Setapak Lake City) location is better because it is a large development - Parkson, hospital and so on will be very near. Also TAR college means rental no problem. Strategic location because can exit to many areas - MRR2, Sri Rampai/Jelatek, Gombak and of course Setapak road. SG and 288 is in a very small area with one small road leading to Gombak Road.

2. PV used to offer better value per sq feet - Phase 1 and 2 buyers made a lot of money. Phase 3 will be ready next year and there are indications of at least 30% appreciation when completed.

3. But best of all - if you want to buy any Platinum Victory property now you can forget it. I just called the office and they told me that Phase 4, Phase 5 and their shops all sold out. They have nothing left to sell for now. 100% sold out means definitely got property value appreciation in the future.

4. As for UOA's SG - As far as I know - they took years before they could sell all the units in Prima Setapak 2 along Jalan Gombak. Why? Because the properties were so overpriced.

5. On the current SG project  - 13++ sq feet is around RM470 to RM 500K for those facing KLCC view. in my view, if there were still any PV uinits left I would have bought that. But all gone! So I will just wait until I see some other projects next time.
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1. i dun agree that pv location is better. road distance data as below:

288/SG
from 288/SG to Jln Gombak: 150m
from 288/SG to Jln Genting Klang: 350m
from 288/SG to Jln Pahang: 400m

PV8 as benchmark
from PV to Jln Gombak: 1000m
from PV to Jln Genting Klang: 1000m
from PV to MRR2: 1000m

Moreover, PV is min 5000m distance more far away from KL city center compare to 288/SG.

Many ppl think near to college is good for rental. Yet, if you do yr servey, TARC student average only willing to pay for RM800 per month for rental (3 rooms). therefore, this is only worth if yr condo is around 200k. But, if your condo is more than 300k, dont think u can rent for TARC student. Besides, if you experience uni life before, u will know that most of the uni student like to move from one place to another place. it is normal to see student moving for few times in the 4 years of study.

2. not only PV, recently (especially this year) other new condo also increase in price due to sorrounding new launch project keep increase in prices.

3. due to current BBB mode, everywhere also selling like hot cake. 222 also sold out 90% within 1 day.

4. Prima setapak is not over in price, in fact they are bigger unit. we should see $ per square feet, but not the price only.

5. for your information, BBB mode not only happen in PV, but all other new launch project as well.

personally i dont like pv because they are too high in volumn. i feels uncomfortable when so many ppl staying same place with u and sharing facility with u.












mature
post Nov 1 2010, 06:19 PM

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QUOTE(webby88 @ Nov 1 2010, 04:27 PM)
Maintenance rate can be the same as it is run by the management company I think.  But the utilities rate should differ if it is coming from the provider such as TNB, TM, Water etc etc.  Assessment and quit rent should also differ.
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yes. u r rite. 222 with shop lots in group floor will rent for higer price, if we r comparing between same sqft.



This post has been edited by mature: Nov 1 2010, 06:23 PM
mature
post Nov 1 2010, 06:41 PM

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QUOTE(cybertechmkteo @ Nov 1 2010, 06:23 PM)
tats the bad idea of getting commercial land house tongue.gif
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normally commercial house will serve with shop lots in ground floor. the world wok in such a way where there is no "free lunch":

commercial --> with shop lots in ground floor --> convenient in buying food, etc. --> good for rental --> higer electricity bill compare to residential
residential --> no shop lots in ground floor --> not convenient in buying food, etc. --> not as good rental as commercial --> lower electricity bill compare to commercial

it is matter of take and give.


mature
post Nov 1 2010, 07:40 PM

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QUOTE(cybertechmkteo @ Nov 1 2010, 07:12 PM)
not really...
for own stay is defintiely bad idea...

for rental ma??? er not really good oso coz ur high cost cover back ur quit rent and assessment....

but hor PV3,5,6,8 is residential but yet can built shop inside oh
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Currently im staying in commercial land, my average electricity bill is RM160.

Previously im staying in residecntial land, with the same amount of eletricity usage, my average electricity bill is RM130.

The above electricity bill is sharing by the same 3 person, my mother, sister and I.

Wat I want to say is RM30 different in a month but with better and convenient facility, i think is very worth. Therefore, if you want me to choose, I will defenitely choose a commercial land with shop lots in ground floor. unless the residential land also build with shop lots like pv. unfortunately, 288/SG does not build with such facility, which cause us loosing time and petro in buying stuff, especially food for every weekdays.

for investment, your higher rental opportunity and rental is defenitely more higher or valuable than the RM30.

for example, you go to a supermarket and see no promotion on the stuff that u want to buy, so you dun want to buy it until there is a promotion. bare in mind that you need to take into consideration on the petro, time that you need to drive to come next time. more important is you cant get the stuff that u want on that time but u choose to tolerant, spend more time and petro on it. is that worth? the word "Promotion" is very attractive but need to make deep calculation then only know is worth or not.
mature
post Nov 1 2010, 09:22 PM

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QUOTE(webby88 @ Nov 1 2010, 08:24 PM)
If 222 can get the right tenant for the shops then it is OK.  Just hope they don't simply rent to tenants that are renting out in Diamond Square.  If that happens, the property will drop. smile.gif
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From your statement, this is what i understanding
1) Diamond residency price is dropping.
2) Bad "quality" of shop's tenant will cause a servise apartment dropping in price.

1) Due to late evening, i cant call to banker to check for diamond square current price, but i did checked before lasttime and the answer is diamond square is incresing in price. if you check from iproperty, u can see an unfurnish condo is selling for 240psft. please share with us your collected data that diamond square is dropping in price.

2) so far i did not notice a service apartment price will be affected by "bad" shop's tenant because tenanted shops in a service apartment only will increase the market price of an service apartment. anyway, how is the bad tenant would be? i only know bad house tenant is those who did not pay their rental on time and spoil your house. but this would not affect your condo market value price. dats y Im wonder how to classify "good" and "bad" shops tenant? Im also wonder what this "bad" shop tenant do until it can affect a property drop in market prices?

it will be great if you can share with us your collected data. thanks.

This post has been edited by mature: Nov 1 2010, 09:45 PM
mature
post Nov 1 2010, 09:50 PM

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QUOTE(hidden830726 @ Nov 1 2010, 09:44 PM)
Suddenly so many good discussion.

The concern is always there, with bad tenants and therefore affecting the value of some property. It is not something we not heard of, but i believe in the case of diamond residency, it may be a good buy if its reasonable price, because i can forsee the whole area (SG,222,288,Diamond) will be hot once, people flew in.
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if house/condo bad tenant, yes, we always hear. but now is shop's tenant, really first time hear.
mature
post Nov 1 2010, 10:15 PM

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QUOTE(hidden830726 @ Nov 1 2010, 09:54 PM)
Well, its not only electricity bill that is more expensive, how bout other utility bills?

The petrol argument make sense, but for me, the diamond shop lot is just walking distance, i'm sure we can get what we want there.

I do agree, having shoplots at the ground floor allow massive convenience, but do remember that, it is a fix cost for intangible convenient. and i doubt that you will be able to do your normal weekly grocery shopping at the 22 shoplot. If for rental, ya it may be able to yield better rent. But i'm sure SG & 288 will get equivalent or even better rent psf, if compare with 222.

There is also no confirm that extra shoplots will give better rental opportunity. I doubt we have data for that.

wah... lets continue the discussion, but lets be constructive ya. no hate  rclxms.gif


Added on November 1, 2010, 9:56 pm

Well, i think webby mean overall. bad tenant = bad impression = affect price. Its something we can all agree on. Its a general statement, and there's more factors to it.

Allow me to rephrase: Bad tenant affect price*

Got disclaimer one. rclxms.gif
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the obvious/most different is electricity bill. others like water is too little amount dats y not listed here.

be practical, from 288 to diamond shop is at least 100m. are you willing to walk more than 100m to buy yr dinner at night after work every weekday? i doubt. go and comeback would be more than 200m walking distance.

of course not doing weekly grocery at the shops but is very important to support our weekdays dinner.

just like wat you said, bad impression will affect price, do u have data to measure "bad impression"? yes, we can have through survey/interview, but i cant find it. same thing goes to shops in ground floor will affect rental opportunity due to convenience. Convenience increase market price, as you said, its something we can all agree on. It is the most comon and important practice or principle that we use to evaluate a property.

i need to stress that shops and house tenant is totally different, as we cant classify "good" or "bad" shop's tenant, can we? if we can, that means we are saying the shops is selling something that affect the condo, how ridiculas it is.

This post has been edited by mature: Nov 1 2010, 10:49 PM
mature
post Nov 13 2010, 10:55 AM

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QUOTE(webby88 @ Nov 13 2010, 04:45 AM)
I think most buyers can live with that. smile.gif
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Is Setapak Green design comparable with 288? Is Setapak Green design confirmed?


Added on November 13, 2010, 11:03 am
QUOTE(tengster @ Nov 12 2010, 06:04 PM)
I would thought that 300PSF may not be enough for developer to throw in premium finishing...... rclxub.gif
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are u sure setapak green is selling 300psf??

as I know both SG and 288 is the newest launched project, selling with the highest price among the condos in setapak. setapak green soft launch starting price at least 330psf and 288 soft launch is selling at least 350psf.

we expect with the high sellling price, we can received premium quality of buiding as promised. setak green has no show unit, so nothing can comment yet. but 222 and 288 show room is damn nice in tems of design and material, especially bathroom:)

This post has been edited by mature: Nov 13 2010, 11:36 AM
mature
post Nov 17 2010, 10:06 AM

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QUOTE(preliew @ Nov 17 2010, 08:41 AM)
for me, setapak is over supply...how many new condo is in construction now?...PV 3,4,5,8...222 and 288 residency, and this one...the market cant absorb so many units or not in the years to come?
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new development would not have "over supply" problem. however, old condo/house will be the victim.

anyway, setapak has potential for growth future, espectially in years to come:)
mature
post Nov 24 2010, 11:49 AM

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QUOTE(ng168 @ Nov 23 2010, 11:08 PM)
288 has 3 lifts instaed of 2.
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SG 6 lifts support for how many units? --> ???

288 3 lifts support for how many units? --> 288/3 = 96 units share for 1 lift
mature
post Nov 24 2010, 06:41 PM

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QUOTE(cybertechmkteo @ Nov 24 2010, 03:37 PM)
24 floors X 18 units - 1 unit = 431 units

6 lifts support 431 units

so....= 72 units share 1 lifts.
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Maintanance fees for 288 is from RM210 to RM280 --> RM0.15 per sft
Maintanance fees for SG is from RM250 to RM280 --> how much per sft ???
mature
post Mar 24 2011, 10:38 AM

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QUOTE(SG hardcore @ Mar 24 2011, 09:49 AM)
Regardless your purchase is for dwelling or flipping, SG is a good buy. There is much room for SG to appreciate with its unique design and facilities comparable to other condominium in Setapak. The increditable features for SG encompassing intercom system, restricted lift access, roof garden over 1.8 acre, 6 lifts by prominent Japanese brand, low density etc common facilities....

If you purchase for long term rental yield strategy, minor negative cash flow is expected after factor in the monthly installment and management fee. Anyway, no body would know what is the rental would be in next 3 years. It could be further up or down.

Lastly, is not easy to have a new freehold property within 10km radar from KL city selling between RM290 to RM350 psf with freebie provided.
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i was loughing when u said SG design is unique.
mature
post Mar 24 2011, 12:14 PM

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QUOTE(SG hardcore @ Mar 24 2011, 12:00 PM)
I meant "unique" is via visualise the whole condominum, just like we looking at the whole Prototype instead of merely the condo's facade.

Roof garden is unique. The entire project spread over 4.5 acre land is unique.
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SG overall design is unique, but unique does not mean good. I was shocked initially seeing such a layout n design. I give bad rate for the overall layout and design.

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