Hi,
In order to have 7% nett rental yield, this project looking at RM4-5 rental psf, which is much higher than current rental rate in cyberjaya, which is RM2-3 psf. Eg: a 528 sf duplex @ RM285K will need roughly RM2400 monthly rental to achieve the estimated 7% nett yield.

Any idea?

Any updates on this project? Anyone went to site to check out the progress?

You wont get exactly 7% . They will deduct the furnishing and whatever cost. Then They will use average market price to determine your returns. It will be around 5% in the end. But since Lin Kok Weng is charging their students RM750 per person for the hostel. You should get a minimum of RM1500 even for the "duplex" unit. You still should get around 6% returns if u rent it on your own.

Just wanna let u guys know that the soho unit is sold out. The soho can fit 4 people since it comes with the option for the partitioning. The duplex, i think can fit max 2 people only. Im not sure if it worth to buy the duplex or not. Its still 5 mins walk from LKW.

soho - various design, can fit 3-4 persons depending on which BU that u have took
see my posting here... http://theplaceatcyberjaya.blogspot.com/
should be just 2-3 min walk from LKW. as it's next door only
selling point is *walking distance*

yes, rental might be cheaper acyberview area there. lot of new projects there as well
but those are MMU or expat play

for this project, it's purely LKW play
only Garden Plaza by MS is within this area. that's the only competitor around but they are not within walking distance

I

This post has been edited by niniwong: Jul 29 2011, 11:00 PM

Gal... not bad...Amara then this one... might share your next unit?

Hi Alex,

Any other property you eyeing?

This post has been edited by niniwong: Aug 2 2011, 12:49 PM

Still got any units available in 'The Place'?

Big built up units maybe still available.

luckily its nearer to LKW.. but im still sceptical to enormous no of development in cyberjaya alone this year. how to compete?

Hey, i check on theplace@blogspot and couldnt get much info for duplex suit. Anyone have details for duplex unit(latest price)?
Will there be students from LKW looking for room there?

TQ.

This post has been edited by morning06: Aug 4 2011, 05:05 PM

cannot really remember the exact pricing but it should start from rm280k onwards. not sure if still have left-over or not. better call up MCT to check
size for duplex, 472 and 526 sf
partially furnished

many more to come...

check out >>> PAN"GAEA CYBERJAYA
http://forum.lowyat.net/topic/1940261

This post has been edited by Jade00: Oct 8 2011, 10:47 AM

nice place? what is the selling price now?

This one is progressing right?

Very very slow. I realized the construction is quite slow in cyber although the sales is good. Why?

went for site visit lately
managed to snap some photos here... http://theplaceatcyberjaya.blogspot.com/

The construction is vry slow

They launched too many projects all about the same time. Hope they can cope!