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 Kiara residence, Bukit Jalil

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Chris Chew
post Aug 19 2014, 09:38 PM

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QUOTE(Applegreen123 @ Aug 19 2014, 01:55 PM)
Would like to check this out this Kiara residence and call up this property agent 0132308008 last few day, very rude in way talking and LCLY, at the end, i go with another agent which more polite and the way explaining not bad too. however decided now wan to get puchong area property which near to my workplace.
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How much both agents offer u for the unit u inquiry? Yeah, go for next agent if u think that agent is unprofessional and LCLY.

If u work in Puchong, I guess the price of highrise is slightly lower than KR1 and assume, more comvenience for u to travel for daily job.

What makes u consider this KR1?

Chris Chew
post Oct 7 2014, 04:00 PM

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QUOTE(Seanleeks @ Oct 7 2014, 12:15 PM)
No way can get 500k now, is above 600 k at current subsale transition , unless owner dunno market price , good luck if you managed to get below 500k....
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Quite impossible.

Most of the units with asking price from RM 550-570k were transacted and dealed in just 1-4 days more than 6 months back. Moreover, notice few units already sealed at RM 600k recently.

Problem is, most of the subsales conquer by WCT Realtors, the marketing arm for the developer previously, so it is very hard to convince the owner to sell below RM 100k below current price and also very hard to ask the agent to convince owner to sell RM 100k below transacted price.



Chris Chew
post Oct 8 2014, 12:10 AM

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QUOTE(Kanelam @ Oct 7 2014, 11:09 PM)
Looking at I-property, there are some advertised units at 520000 to 540000.. I really don't understand , maybe it is at less desirable blocks..
By the way, which block has the lowest sub sale price for 1050 feet ?
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Bro, no harm u can try to call those ads with RM 520-540k and try luck?

Either the agents refresh their ads for the units sold or no units with such price on hand but attraction to collect the call in leads.

I not sure which block has the lowest subsale price.

It also can be really have such units but unfavourable facing like u mentioned say level 1 or facing directly to Bkt OUG Condo or etc. these owners got it at RM 300k ono back in 2011 with the entry of DIBS and 7% discount or even slightly more, so even if they sold at RM 520-540k, its still a great profit for such unit.

Good luck bro.
Chris Chew
post Oct 17 2014, 09:20 AM

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QUOTE(frozenne @ Oct 17 2014, 01:28 AM)
How much transacted kr1 subsales
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As at September 2014, transacted price with S&P stamped.

1050 sf : RM 600k
1254 sf : RM 680k
1454 sf : RM 730k




Chris Chew
post Oct 17 2014, 09:30 AM

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QUOTE(puchongite @ Oct 17 2014, 09:22 AM)
KR2 buyers got 100-200K of paper gain ?
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KR2's price after 7% discount for those bought before Jan 2013 only. Except cash buyer at 11% discount.

1076 sf : RM 440-460k average
1267 sf : RM 520-540k average
1457 sf : RM 580-600k average

Hmm, paper gain only syiok sendiri one. Upon next year end or early 2016, could be another story which we wont known.

On paper, KR2 1076 sf buyers with 90% loan has the best profit, esp in terms of cash on cash return, being pushed by the numerous good sales of KR1.
Chris Chew
post Dec 14 2014, 05:49 PM

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QUOTE(vga @ Dec 14 2014, 03:13 PM)
any 1291sq unit for sale? serious buyer here, trying to get the lowest price - msg 0126703679
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KR1 got 1291 sq ft unit?

Chris Chew
post Nov 2 2015, 06:56 PM

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QUOTE(Jocelyn0909 @ Oct 6 2015, 09:33 AM)
Hi.. Is anyone wish to let go their unit at Kiara Residence 1?
I am interested getting 1 unit of 1,050sf for own stay..
What is the market price now? Is the occupancy rate high ?
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KR1 1050 sq ft should be around RM 600k based on few transacted price early if the year but I think if got now also can bargain to RM 580k or much lower bcz KR2 same spec but at 1073 sq ft, some owners is willing to let go at RM 600k before they take keys tis month.

I have 2-3 frens wanted to sell KR2 1073 sq ft.

Chris Chew
post Nov 2 2015, 07:38 PM

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QUOTE(Babizz @ Nov 2 2015, 07:13 PM)
Bro, 570k is indeed a gd deal n btr for ownstay compared to parkhill or those mixed with affordable housing/govt housing although location thr is btr..

whts d transacted rental fr KR? my friend said Z hitting 70+% (true or false??)
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IMHO, RM 570k for partly furnished KR1 @ 1050 sq ft, RM 542 psf, quite good deal and very fair price bcz quite a number units hit RM 600k, few above this figure.

But, if top up just RM 20-30k to grab a KR2 at RM 560 psf looks even more bargain bcz newly completed, better facade, materials, nearer to LRT, etc unless prefer lesser units environment. KR1 and KR2 was RM 100 psf difference upon both launching.

Transaced rental via KR1 oso very differed. Some 1050 sq ft unit managed RM 1.5k, some RM 1.7k all partly furnished. Big size, 1454 sf some lucky got RM 2.4-2.5k some wait damm long to secure RM 2-2.2k

Z? U mean ZR? Hitting 70% in terms of?



Chris Chew
post Nov 3 2015, 01:03 PM

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QUOTE(Babizz @ Nov 2 2015, 07:58 PM)
yeap kr2 look more high end n newly vp can bargain more also tongue.gif Zr occupancy i mean..

1.5k is indeed vry low even with lrt open now..
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Ohh occupancy. I think should be around 60% but not more than 70%. But now, any new condo also need at least 2 years to fill it up. Somemore ZR more than 1k units and now another similar range of KR2 come out to the market.

The RM 1.5k I quoted was last year figure since KR1 VP. Should be havoring around that bcz that time the new LrT road not yet opened and ZR also plenty of unita for rent. I very surprised it can rent out so many units bcz without the new LRT road, it is so inconvenience.

Chris Chew
post Nov 3 2015, 04:18 PM

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QUOTE(Babizz @ Nov 3 2015, 04:07 PM)
60+% is good also given density n sheer number of units in the area...720 more units joining the market soon.. u thinkbrentail will increase or maintain constant with lrt open now yet thousands more coming up..short term i mean
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Hmm IMO, the opening of the new road is the key issue to enhance the nighbourhood numbers, that is much more importance compare to LRT, I am a bit sketical about benefits of near LRT although KR2 seems to be one of the nearest walking distance to a LRT station.

Thats already contradict to another 720 units flow to current supply we are having in that area now. But this location is mass market area compare to higher end of KM 1 West, The Treez, or Twin Arkz where LRT may helps a bit.

A lot of taikors or senior investors are believing LRT is one of the main component to enhance the rental game. I agree but no longer believing bcz plenty of condos are near to LRT now.

In the meanwhile of current market, I dont think the market rental is increasing but remains stagnant, at most increase RM 100 per mth, unless justify by number of own stay pplz. In such market, I would see some fire sales or fire rental available. We saw it via ZR, I think it would be applicable to KR2 also.

Chris Chew
post Dec 6 2015, 10:23 PM

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QUOTE(keneeth111 @ Dec 6 2015, 09:50 PM)
Chris Chew Boss,

It most probably due to stiff competition from too many supplies in the area where KR1, KR2, Bukit OUG, ZR and some existing condos.......

It takes time to fully absorb the market...........

Mind to name a few of condo which are walking distance to LRT do not doing well in rental?! (Except for this area)  tongue.gif
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Keneeth boss,

Definitely and thats part of my comment too.

With KR2 VPing still, some units already on market to let n notice some tenants able to secure some good deals of non furnished but owners just added lightings, etc just to close the deal quickly.

The new LRT only running 1 nonth, I think it still too early to comment which condo with walking distance do not do well in rental. Not very sure of existing condos with walking sistance to old LRTs though.


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