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 Residence 8, Old Klang Road by OCR, Worth for investment?

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e_ric5
post Apr 12 2011, 10:13 AM

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QUOTE(teaumika @ Apr 11 2011, 02:06 PM)
It has been a quite 2 weeks.

1. When to R8 site yesterday and found that nothing has been done. Hence called OCR today asking then why it has been delayed? According to them, it will start when the official launch kick off, which is on this coming 22nd April where the showroom will be showcasing. All will be invited. So wait for the call to be invite to bandar utama for the showroom.

2. Secondly, when i was in R8 site yesterday. managed to visit Sri Jati 2 and it came to my surprise that Sri Jati 2 security and maintenance is actually very good. No wonder the rental is between RM1200 - RM1300.

Managed to had a 15 minutes chat with Sri Jati 2 security guards on the traffic situation. According to him, jam start at 7.30am (not from SJ2 but the Old Klang Road).
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All will be invited???

today alr 12th, anyone received invitation call? 10 more days to 22nd hmm.gif hmm.gif hmm.gif
daryan_x
post Apr 16 2011, 12:30 AM

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Nope -
Loan fees for me is RM6.4 K -
teaumika
post Apr 18 2011, 09:05 AM

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Dear All, I received E Invitation from OCR on saturday for the official launch of R8.

From 22nd - 24th April at 10am to 6pm.


winghong
post Apr 18 2011, 10:18 AM

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QUOTE(teaumika @ Apr 18 2011, 09:05 AM)
Dear All, I received E Invitation from OCR on saturday for the official launch of R8.

From 22nd - 24th April at 10am to 6pm.
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I still not yet receive the invitation. They send to your email?
teaumika
post Apr 18 2011, 10:22 AM

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QUOTE(winghong @ Apr 18 2011, 10:18 AM)
I still not yet receive the invitation. They send to your email?
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Yes...
e_ric5
post Apr 18 2011, 11:08 AM

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i dun think they got my email leh....
teaumika
post Apr 18 2011, 01:22 PM

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Please find the E-Invitation from OCR




Attached File(s)
Attached File  R8_Invitation.pdf ( 1.1mb ) Number of downloads: 250
winghong
post Apr 18 2011, 01:41 PM

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QUOTE(teaumika @ Apr 18 2011, 01:22 PM)
Please find the E-Invitation from OCR
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Thanks for sharing. Are you going this weekend? Mind to share some photo in facebook? Coz i got smth to do on this weekend...
teaumika
post Apr 18 2011, 01:46 PM

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QUOTE(winghong @ Apr 18 2011, 01:41 PM)
Thanks for sharing. Are you going this weekend? Mind to share some photo in facebook? Coz i got smth to do on this weekend...
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Will Do rclxms.gif


Added on April 23, 2011, 12:28 pmWent to the show house yesterday. Lots of people and many units are gone. I think balance less than 10% already. Almost sold out.

Heard that the construction is in progress, OCR is not using the current access road to the site but opening a road from side ways. I told them to keep the side access road once the project completed and make the road accessible by R8 owners.

You R8 owners, you should visit the showroom. Later i will upload the video i shot at the showroom in the R8 facebook page.


This post has been edited by teaumika: Apr 23 2011, 12:28 PM
KEANFEE
post Apr 23 2011, 12:45 PM

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QUOTE(teaumika @ Apr 18 2011, 01:46 PM)
Will Do  rclxms.gif


Added on April 23, 2011, 12:28 pmWent to the show house yesterday. Lots of people and many units are gone. I think balance less than 10% already. Almost sold out.

Heard that the construction is in progress, OCR is not using the current access road to the site but opening a road from side ways. I told them to keep the side access road once the project completed and make the road accessible by R8 owners.

You R8 owners, you should visit the showroom. Later i will upload the video i shot at the showroom in the R8 facebook page.
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they have 50units haven sold out.
e_ric5
post Apr 23 2011, 12:55 PM

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QUOTE(KEANFEE @ Apr 23 2011, 12:45 PM)
they have 50units haven sold out.
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i saw in newspaper today, they offer first 30 buyer free ipad!!! vmad.gif

and now all is come with 2 car parks... mad.gif

will go show unit tmlo.... blush.gif
jessey_ui
post Apr 23 2011, 01:50 PM

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Possible to post some picture here also? I will heading to show unit later also, have a look! tongue.gif
LoneWarrior
post Apr 23 2011, 03:30 PM

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Hi guyz,

Jz wanna share my opinion on the property scene here in Old Klang Road/Jalan Puchong.

I myself have been living for SJ2 for quite some time and actually planning to do some investment in a new condo. At current, we have around 4 news upcoming projects in this area:

a) Residence 8
b) Tiara Mutiara
c) Park Lane OUG
d) The Scott Residences

All sit on commercial land except for Residence 8 which would be residential.

Start of with my analysis on R8, I don't forsee the future entrance (which would be an extension of the current SJ2) road as a problem once completed. I'm sure they would open up a new side entrance once it's completed. This is however their first venture into high rise and thus, the sceptism on whether can they deliver. They are also a much smaller company as compared to the other developers that will be developing TM, PLO and TSR. Price wise, yeap, they have been heavily playing around with it since late 2010 and for those who wish to jump in now (price start from RM490k, as of 23/4/2011), I would say it's on the high side (close to RM390 psf). No freebies in terms of built, they have a lower ceiling height compared to the others (8 feet+) and their 'studio' unit has no landing for shoe cabinet (straight away open the main door, is the pathway liao). Only thing that I really dislike is the show room was done in a bottom ground carpark of one of the developers previous projects (Casa Utama), making it look real cheap skate and establishes more of the developers status of being so-so only. Hate to say this to, but the showroom's ID sucks big time. The worst i've ever seen in my entire life, IMHO.

As for PLO, their units might be much more (4000+ units), but considering they are sitting on a total land area of 38 acres, the density for just residential is actually lower than R8. Negative side is the real abundance of units, thus, making it hard to sell or rent if they shop offices downstairs don't kick off well. Would need a big anchor tenant to pull in people. Plus side is, it will be around 1km away only from the proposed LRT station at Kg Muhibbah (extension of the Sri Petaling line) and the lake behind it has been approved for development and beautification works by DBKL. Price also much more affordable for young couples (starting from RM295k, as of 23/4/2011) with freebies such as 4 units of aircon, built in cabinets and higher ceiling. Standard unit of only 950sqf means that everybody will have the same unit.

Take a look at TM, it is a higher class of serviced condo as compared to PLO. They don't have a showroom and only have the project model at its office. Located along the main road, which is still at the beginning of Jalan Puchong and relatively wide, entrance in and out shouldn't be an issue compared to SJ2 or PLO. About 800 units sitting on a 6 acre land, so density will be better than R8 but lose out to PLO. Lots of built in freebies with each unit, including tempered shower glass screen. These freebies at PLO and TM will easily cost RM10k and above compared to the bare R8. Starting price is RM360k (as of 23/4/2011).

Last but not least, is TSR. Can't say much since I didn't do much research on it or visit the showroom... ><"
But for the price it is advertising for and the size of the unit, it is certainly way much higher end than the other 3. One might want to take a look at The Sanderson in Bukti Serdang too as I think it has also great potential, giving its close proximity to TPM and Astro. Much more exclusive and higher standards of living and best of all, at a cheaper price. Really love the show unit and the whole idea the developer has for that development. Only negative side, it is deep, deep, deep inside and not easily accessible. There is however a pathway for people to walk to TPM, which will prove very valueble for people who are working there.

All in all, Old Klang Road seems to be a niche spot for development and investment at the moment given its niche location and accessibility to areas. Given the choice, I would go for PLO first, followed by TM and then only R8 as I believe this is the order that the property will appreciate the most in terms of percentage.

*No hard feelings to all purchasers of the above properties. Just my 6 cents.... :-)

This post has been edited by LoneWarrior: Apr 24 2011, 03:36 PM
KEANFEE
post Apr 23 2011, 04:11 PM

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for r8 owner u can join our facebook group to discuss more about r8
http://www.facebook.com/group.php?gid=385068182058
jacobkktan
post Apr 25 2011, 02:12 PM

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Hi guys,

Interesting to bump into this forum. I purchased an unit few months back, block A13

Bought an extra carpark and got the 5% discount.

Gotto admit, price a lil on the high side, but i kinda like the concept and location.

Just to share about bank loan and all, I approached OCBC and was given BLR-2.3% plus another 0.1% rebate. This means, BLR-2.4% whole tenure (36 years).

Reason i got it is because i am an existing OCBC IQ account holder (call me lucky).

Hope to meet u guys, get a good residence committee going and hope everything will go well!


e_ric5
post Apr 25 2011, 06:48 PM

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now additional car park is RM30K rclxub.gif
KEANFEE
post Apr 25 2011, 08:25 PM

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QUOTE(e_ric5 @ Apr 25 2011, 06:48 PM)
now additional car park is RM30K  rclxub.gif
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wow
teaumika
post Apr 25 2011, 11:41 PM

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QUOTE(KEANFEE @ Apr 25 2011, 08:25 PM)
wow
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Wah lau!"OCR reallt knows how to do business!! I heard know the price per sf also increased liau... Should be the response is good.

You want you come... Dont want, Fxxx off.... No offenxe. Jokking nia...
ccj38
post Apr 26 2011, 08:51 AM

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QUOTE(teaumika @ Apr 25 2011, 11:41 PM)
Wah lau!"OCR reallt knows how to do business!! I heard know the price per sf also increased liau... Should be the response is good.

You want you come... Dont want, Fxxx off.... No offenxe. Jokking nia...
*
Heard that the Official Launch last weekend attracted a big crowd. thumbup.gif

Curious to know the psf price now. Any one knows whether any unit left?
LoneWarrior
post Apr 26 2011, 08:08 PM

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QUOTE(ccj38 @ Apr 26 2011, 08:51 AM)
Heard that the Official Launch last weekend attracted a big crowd.  thumbup.gif

Curious to know the psf price now. Any one knows whether any unit left?
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At a rough glance, seems that it is 95% sold, so that leaves around 15-20 units left I guess. The opening was so-so, was there on Saturday and Sunday. The free buffet lunch was terrible. Anybody here tasted it too? Especially sushi, didn't taste like it. If one were to eat it blindfolded, I'm very sure he/she would have no idea what was it.

I just can't help to mention that the ID was horrific. Nightmarish.

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