Bro,

Really bad deal. This area vacancy is the highest in KV. U will be competing in an ultra competitive space with few interested tenants. Suitable for ownstay. BAD BAD choice for investment.

thanks for ur points

Pilot,

Hv u counted how many units in the area? We don't want a parklane situation for a 1mill prop. I think vacancy was like 36% before elements VPed. Now elements is ready. arte is underway n MCity will be VPing not long from now.

An article yesterday pointed out that highrise units are oversupplied at the moment, so u better check the supply n demand of each area before buying la There's astoria, novo n reizz coming up in a 5km radius.

U r right. Super duper oversupply is coming soon.

Are u planning to hold ur elements or sell it off after RPGT is over?

I will hold it until the new pavilion comes in together with mrt circle line. Property investment for me is for a long term investment, not short term.

Good to know u have everything planned out. A lot of flippers might buy into this M City but might be shocked post VP.

Yup. If buy to flip = bad decision in this place.

What Pavilion is coming in? May I know where exactly??

i think i got a good buy in elements ...can anyone share with me how much your bought for elements at 850sq ft unit last time?with the best rebate.

on what basis both of you says its bad?
because its oversupply in the area or project itself.

just wanna hear opinion no right or wrong here.

please share your thought

I didnt say it is bad.... i said it is bad if someone buy to flip after vp. Coz oversupply will be a main issue here. Renting out will also be a challenge that time.

Not bad.. I think prices post VP will present negative real returns n rental here will be super stiff.

Lemme count for u how many units again

Elements:1040
Arte: 1142
Astoria: 1216
M City: 1500 units? anyone knows how many units here?

But anyway: 5000 UNITS IN THIS SMALL PLACE. The density here is maybe like 200 or 300 plus units per acre. Just imagine parklane is a mid low end condo so high density is acceptable but this one price like KLCC but density worse than Parklane (130 per acre including jalan).

I think elements was a good buy but this M City Moreover, my calculation doesnt include other condos closer to KLCC which im too lazy to list out.

AVOID AMPANG WHILE U STILL CAN

This post has been edited by Babizz: Feb 2 2015, 07:24 PM

How many acres in this area filled with highrise?

Not sure but M City got 1500 units+commercial over 4.95 acres, elements 1000 units over 2.7 acres, arte 1163 over 2 acres, astoria 1216 units over 5.7 acres (i jus google the project name n acres )

Total: 5000/15.30= 325 UNITS PER ACRE

Wah thanks. Looks really dense... Not sure Reizz residense gonna add how many more..
I didn't know Astoria has the biggest land size.. always thought m city bigger..

both boleh tahan la its arte n elements that greatly increasing the density Got reizz, 3 towers, novo..

Everytime i see M City's progress, it looks like more pigeonholes. I heard got 70 units in each floor across 3 blocks in M City (from the website).

I duno wthr the skyline will look nicer or just plain high dense. Arte got 50 storeys leh.

70 units in each floor? Omg. It better have many lifts. If not tunggu sampai mati baru dapat turun

75 units in 3 diff blocks..so 1 residential block has 24 units..other one 30 for 1 residential block n 21 for soho block.

This post has been edited by Babizz: Feb 3 2015, 10:34 AM


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How many lifts per block? Anyway, I think in order for this area to work... it needs some transformation... like Amint bro said maybe need MRT/Pavillion to help boost a bit.. immediate neighbour now looks old.