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

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webby88
post Oct 8 2010, 11:57 PM

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response was very good during the preview launch for members today. Good units are snapped up very fast. Starting price very competitive.
webby88
post Oct 9 2010, 12:16 AM

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My friend bought one. I was just a busy body.
webby88
post Oct 9 2010, 09:11 PM

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He doesn't want me to quote for now. So I respect his privacy. Did you buy one yourself? Heard today the response was very good. Tomorrow will be open to public I guess.
webby88
post Oct 9 2010, 10:23 PM

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the total price is high due to the larger built up above 1300sf. Based on per sq ft basis, I think the prices is not bad.
webby88
post Oct 9 2010, 10:33 PM

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SG is on a 4.5 acres land with one block of condo whereas 222 and 288 service residence is on a smaller commercial plot land thus higher density. Developer wise, UOA is much more reputable. I think both provide DIBS.
webby88
post Oct 10 2010, 07:24 AM

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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.
webby88
post Oct 10 2010, 09:34 PM

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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.

This post has been edited by webby88: Oct 10 2010, 09:38 PM
webby88
post Oct 10 2010, 10:07 PM

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I think it has 8 units KL facing view and another 8 units Genting view. One corner unit of the Genting view is directly facing the pool with the second unit slightly adjacent to it. The rest I would not call them swimming pool view. The Genting view is priced slightly lower though I am not sure how much exactly.
webby88
post Oct 10 2010, 10:15 PM

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I don't think so. Though I will not be surprised that UOA may move the prices up along the way as they always do. Discount levels may also be lowered as commonly practice by most developers.
webby88
post Oct 10 2010, 10:38 PM

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I guess it is your choice when comes to investment. If the premium for a good view is marginal I guess it is worth paying for.

I guess what is more important when investing in a reasonably high end development like SG or 288, the ability of the developer to deliver on the promises is important. After, good maintenance will make sure the prices are sustained.
webby88
post Oct 11 2010, 07:50 AM

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QUOTE(mature @ Oct 11 2010, 01:09 AM)
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).
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Not sure on the freebies for SG. Don't think there are any free kitchen cabinets. Quality of material is difficult to compare as SG do not have any show unit.

So 222 is on commercial land and 288 on residential when the tracts of land are side by side?

Can anyone confirm 288 comes with one or two carparks for the basis of comparison?


Added on October 11, 2010, 7:54 am
QUOTE(106127 @ Oct 11 2010, 02:29 AM)
UOA project is the better bet compared to 222 and 288 in terms of location, price, reputation, maintenance, quality, promise, package, profitability for flippers.


Added on October 11, 2010, 2:37 am
hi, u sure UOA land size is 4.5 acre??

from the look of the land at setapak before launch, my estimation is only 3 to 3.5 acre.

if 4.5 acre maybe it include few wooden house at the end that have not been demolished.
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UOA in their letter of invitation mentioned 4.5 acres and will take it in good faith.

This post has been edited by webby88: Oct 11 2010, 07:54 AM
webby88
post Oct 11 2010, 10:36 AM

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I felt it is overpriced as well and so it 222/288. But there are many people who are still buying. I guess some people wants close proximity to KL and this would be amongst the cheaper ones without compromising luxury and style, hopefully.
webby88
post Oct 11 2010, 09:06 PM

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QUOTE(vreis @ Oct 11 2010, 12:09 PM)
Before 222 was launch, SG tentative price is very much lower but after the launching of 222 & thereafter 288, SG price went up even before launch to match the pricing of 222 & 288. So in a way, you may say that 222 & 288 cause the price of SG to shoot up wink.gif
BTW, from the look of it, most of KLCC view for 222/288 will be blocked by SG it seems.
KP Properties are 1st time developer so no reference for their OWN project yet but they're quite a good main contractor. FYI, being a good contractor & developer is totally different thing.
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Looks like UOA is following the pricing strategy of KP but the design of SG facade is very outdated compared to 288. How much SG design can be improved before the S&P is left to be seen. Hate to see people paying high price but getting an "ancient" design not matching any new condo standard.
webby88
post Oct 11 2010, 09:50 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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222 / 288 design is very modern. Their selling point is the same contractor building St Mary's in KL.

UOA is very conservative in their design. Practical interior but outdated exterior facade. Was told they are still improving the design so will see their outcome before December 2010.

One nice point about SG is the L shape balcony.
webby88
post Oct 12 2010, 12:56 PM

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QUOTE(hidden830726 @ Oct 11 2010, 10:16 PM)
The thing i don't like about 288 is the fact that the entrance is facing the monsoon drain and way too near the the school. I heard there will be a small bridge connecting the school and this side.

Even with the new 4 lane road (promise by Kp to build), i can only imagine traffic jam near the entrance when after / start school time. Also, school always ring a bell.

Nonetheless, with the 3 development (SG, 222 & 288), with the inflow of resident (potentially with higher spending power) i can see the resurrection of the shop lot nearby, i can only imagine, old town, paparich etc in  the corner.

If you looking at the bigger picture, the price ain't too expensive.
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How to build 4 lanes? Diamond Square access road is so limited in space.
webby88
post Oct 12 2010, 01:25 PM

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Looks like a competition between UOA and KP in Setapak? If UOA wants to maintain their reputation, they need to outdo KP. Likewise goes to KP.

If UOA continues to deliver based on their old design, maybe for speed of delivery, approvals with DBKL and cost savings with outdated renderings, then they may very well be taking a wrong decision. The verdict will be in 3 years time. I hope we will not be comparing an ultra modern design next to an outdated design.
webby88
post Oct 12 2010, 02:25 PM

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QUOTE(hidden830726 @ Oct 12 2010, 01:42 PM)
With Kp selling point as the high end contractor on project such as St mary, I'm sure UOA can get some stuff from Binjai project. A door knob maybe?
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If only UOA can deliver the same facade as Binjai, this will surely be a standout in Setapak. If according to the artist impression it looks really outdated.

webby88
post Oct 12 2010, 05:26 PM

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QUOTE(hidden830726 @ Oct 12 2010, 04:55 PM)
288 offering 40k worth of furnishing which already imbued to its selling price. Imo:

It would be great if UOA can provide the options for owner to opt for customization / premium add-on, such as kitchen cabinet, fridge, oven, burner/hood etc, possibly with additional cost, but at least, customer get what they want. And they (UOA) nullify their rival's (KP) competitive advantage.
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I don't think UOA will allow such option.


webby88
post Oct 12 2010, 07:37 PM

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QUOTE(hidden830726 @ Oct 12 2010, 06:58 PM)
haha. true. Then give the buyer something else. They don't have much "options"anyway.

“It takes many good deeds to build a good reputation, and only one bad one to lose it”

Benjamin Franklin

Anyone have further news on SG or even 288?
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Agree, UOA need to build good reputation through good quality, value and luxury.

If SG is built according to the artist impression design, I would say they are overpriced. No difference between SG and Prima Setapak II thus SG is deemed expensive. If UOA deliver a modern facade maybe equivalent or better than 222/288 providing a more luxurious ambiance, I would say the prices are justified. This will provide a benchmark to luxurious living in Setapak vicinity.

This post has been edited by webby88: Oct 12 2010, 07:38 PM
webby88
post Oct 12 2010, 10:23 PM

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QUOTE(dream.angels @ Oct 12 2010, 10:20 PM)
can i know where's d sales office?
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Bangsarsouth, Kerinchi at the Village Gallery.

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