QUOTE(James2spooky @ Dec 30 2023, 06:12 PM)
Regarding the luxury low rise condo - The Serenade, would like to know how do you all justify the price for it? What are the pros and cons with the selling price by SD?
What's the sales package now?
If I recall correctly, during launch there was pretty good deal with the 50th anniversary deal. Garden units was extremely hot and if you include the garden space, the psf was really attractive. Downside is the higher maintenance fee.
Key features are low density but all units are family size (can't recall the land size), single loading for each floor, separate large storage compartment at car park bay, walking distance to LRT station, acceptable location within Subang Jaya, within the gated community of The Glades where most buyers are ownstay.
Also note that nowdays non landed rarely comes with such low density and single loading design. Especially so on such established location.
Whether the above justify the price depends on individuals and their expectations. As an investment it's seems that The Glades units are holding their price but capital appreciation seems rather uninspiring but still there is some over a longer term in line with general inflation. Basically more towards capital preservation but we don't know how non landed inside the glades perform as there are only 2.such development recently.
For ownstay, up to individual preference, to opt for this or a more spacious landed but you lose the gated community. If want both, then landed in the Glades is the only option. The Ensemble I think has a starting asking price of around 2.2mil or opt for townhouse at The Mews but that also has it own challenges.
Happy hunting and Happy New Year