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

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mature
post Dec 28 2010, 06:40 PM

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QUOTE(stay_cool @ Dec 28 2010, 12:02 PM)
to suhaiminh,
pls think twice before u buy
their markerting strategy one, said is last unit la, no more discount la, watever la
u check the thread tat i post
is already 1 mths ++ ago
i went there before their so call promotion at mid valley
i really found they r fooling me as a purchaser  vmad.gif
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for sure u r anti OCR though i dont know the reason. you knew that promotion in Mid Valley is giving out 10% discount but now only giving 7% discount.
mature
post Jan 1 2011, 02:48 PM

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QUOTE(teaumika @ Jan 1 2011, 12:49 PM)
It seem the feedback on residence 8 is not so good.

I have just make the booking on Block B and currently the cheapest unit with 1350sqf cost RM435900 available. According to them, balance on 2 units left with this built up. the balance left only those 1411 sqf.
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brows and read more from forum then u will find something: ppl who not buying one property will give -ve feedback. but ppl who intereted into the property will give +ve feedback. feedback here is base on individual perception. u can find many in the forum giving emotional feedback without data or analysis. be smart to differentiate the feedback is acceptable or not base on yr own analysis, but yr anaysis must be data proven, but not listen to the majority coz majority feedback does not represent the correct one.

feedback from forum always can be a good guideline for u to start for data collection.
mature
post Jan 8 2011, 11:06 AM

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QUOTE(rupart @ Jan 4 2011, 08:11 PM)
location wise really good...btw,is it near high tension cable?
also maintenance fee is 0.20psf...1200sft will come up to 240....anyone selling 1200sft?
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i pm u already. check yr mail.
mature
post Feb 25 2011, 09:57 PM

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QUOTE(ebackbone @ Feb 25 2011, 04:56 PM)
for those saying oug parklane really a lot of units, some interesting finding:

for the following, they are the SAME land size as oug parklane
- z-residence (estimate 800-1000 units)
- jalilmax (??? units)
- bukit oug (1600 units include all the shops inside it)
- kiara residence (estimate 600-700 units)

no, i'm not getting one is better than the other or whatnot, just saying number of units quite close all things considered tongue.gif

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pls dun compare parklane density with other condo. how can u add up few different type of condo to compare with one parklane since every condo has their own compound?

moreover, each different condo has their own seperated security system/facility/entrence/compound/density/design/value/.....BUT parklane only has one compound area which shared by 4000+ units.
mature
post Feb 26 2011, 08:25 AM

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QUOTE(ebackbone @ Feb 25 2011, 11:17 PM)
bro, i already said not saying one better than the other nor wanting to compare pros and cons cause it can just go on and on, just stating out that the number of units can be quite close given land size similarity. that's all. don't need to to bust a brain cell.
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don't need to to bust a brain cell? obviously u r not one of the serious buyer and doubt what u had said. as a serious buyer, we always think from all angles and pick the most correct one that we think and comfortable with. all of us are welcome to give oppinions and thats the reason we having a forum here.
mature
post Apr 26 2011, 08:42 PM

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QUOTE(LoneWarrior @ Apr 23 2011, 03:30 PM)
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.... :-)
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Park lane is the worst due to two majors factors:
1)super high volume sharing in one compound.
2)eventhough high volume but price is comparable with others, i should say is more bad due to high entry cost.
mature
post Apr 30 2011, 10:50 AM

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QUOTE(clio571 @ Apr 26 2011, 09:27 PM)
Parklane OUG psf is much lower than R8. In terms of density wise, both are comparable with roughly 130units/arce.
Just my 2 zimbabwe dollar.
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R8 initially was giving out very attractive discount thus total selling price was comparable with parklane in terms of psft. entry cost defenitely beats park lane.

volume is much critical than density for a condo.

This post has been edited by mature: Apr 30 2011, 11:00 AM

 

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