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 Kiara Residence Phase 2, Bukit Jalil or OUG New Development

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puchongite
post Apr 8 2012, 07:37 PM

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QUOTE(Chris Chew @ Apr 8 2012, 11:31 AM)
The price would be increase by RM 20k for Type A and B. For Type C, no increase but very limited unit.
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On top of the increased 20k, anyone knows if the 7% discount is still applicable ?

puchongite
post Apr 10 2012, 07:21 AM

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QUOTE(Chris Chew @ Apr 10 2012, 12:04 AM)
My advise ... wait for 2-3 more weeks.

If really want to secure loan by now, though the S&P only can sign by July 2012, ask the AmBank to consider the pledge FD of 10% and lock for 1-2 years instead of 5 years, it is too long.

I dont think you will get any news from Alliance this week, the new financial year for the bank is just started, new restructuring and new policy ahead, somemore the 40mil EF limit had been burst and pending for increase limit ...

My advise ... better wait another 1 month to consider the best ever suitable package for you. ....
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Seems to have revealed that you have a little too much information about how Alliance bank operates compared to others smile.gif
puchongite
post Apr 10 2012, 05:57 PM

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After the upcoming release of (reserved) type A+B, there another release of reserved type C units. I supposed these units will also be released with an increased price.
puchongite
post Apr 11 2012, 09:35 AM

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QUOTE(Chris Chew @ Apr 10 2012, 11:50 PM)
haha bro ronn, if i have enough or a lot bullet, i would go book another unit of Type A and B each now and still proceed with my Type C booking ...

Obviously, I can very agree with you Type C has the best layout among all. 1459 sq feet, actually it's fit enough for a 3+1 condo with over 650k price tag. I like the master bedroom with walk in wardrobe space. And the dining area separated from the foyer or main door, which looks more exclusive.

Another smaller unit of 3+1, Type B has 3 toilets, which was really damm waste of space like Twin Gor said. Somemore, the middle room and small room are REAL small to meet the high end price tag of over RM 550k. The only premium I found this for investment was due to 1 unit per floor, so it require lesser competition to sell off once VP. ( Since Type A has 6 units per floor, therefore, boasted competition among each other to sell faster )

Or else, stick to the smallest size game plan for easily flip, Type A @ 1069 sq feet for 500k onwards before 7% discount. A common 3 rooms + 2 bathrooms. The pricing is quite okay. As studying the floor plan, the living hall is only 10.5' feet, which looks a medium condo rather than a high end condo. Elese, this is the best size for rental play.

could have make decision within 2 days ...

haha ...
You mentioned about "converting" from type C to type A/B, is that at all possible or allowed by the developer ?

QUOTE

Added on April 10, 2012, 11:55 pm
Wahh. Type C also got units reserved and release ah?

Got so many units left at Tower 3. When sold out? Maybe last 2 weeks?
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The last time I visited the Sales Office ( too convenient for me to do so as I go to that area a lot ), the reserved units were marked with yellow stickers. The no sticker units only 3 or there about. Quite a lot of yellow stickers units, most of these are A/B which will be released this weekend, and type C will be released subsequently, these are mainly from the lower floor of Tower 1.

If we follow their stickers from day 1 till now, we more or less understand their sales strategies.

This post has been edited by puchongite: Apr 11 2012, 09:39 AM
puchongite
post Apr 12 2012, 10:12 AM

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QUOTE(ronn77 @ Apr 12 2012, 10:04 AM)
Our Chris kor is really professionals, can tell so much just based on the small layout brochure  thumbup.gif
If given actual showroom then probably he can write a book on his analysis.

By the way bro, I think 3 bathrooms is not a bad idea afterall, 1 in living, 1 in master and another shared among 2 rooms.
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Haha layout is somewhat personal, it's hard to have consensus on the layout. I also think it's not a bad idea to have 3 bathrooms. Nevertheless I think his knowledge on banking operation details which is what impresses me more ( than his views on the layout ). LOL.
puchongite
post Apr 12 2012, 05:18 PM

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QUOTE(Xccess @ Apr 12 2012, 04:52 PM)
Hi neighbour, your unit is Type B. If you refer to http://www.kiararesidence.blogspot.com/, you will understand what I mean. Isn't B and B4 exactly the same. Correct me if I'm wrong. hmm.gif
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Layout almost identical but measurements different.
puchongite
post Apr 13 2012, 10:04 AM

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QUOTE(ah_chung @ Apr 13 2012, 09:57 AM)
hi guys, i received an email regarding final release of KR2. it seems the developer added 1 new freeby: free service charge (maintenance fee??) for 1 year upon VP. are we old-booking fellows entitled to it as well?
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I got the same mail, which I was about to ask the same question.

Also I don't quite understand the figures mentioned. Discount upto 60k and 20k upgrade package, what the hack are these ? smile.gif
puchongite
post Apr 13 2012, 10:58 AM

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QUOTE(ah_chung @ Apr 13 2012, 10:57 AM)
bro Xccess, the reno is so impressive!
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Was it mentioned in the thread, how much is the total bill coming up to ?
puchongite
post Apr 13 2012, 11:25 AM

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Really "Crouching Tiger Hidden Dragon" and "One mountain is higher than the other". LOL.
puchongite
post Apr 14 2012, 11:35 AM

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QUOTE(twincharger07 @ Apr 14 2012, 11:14 AM)
Reporting live,, sales office is crowded, long q before 10am
developer lock a lot of good small build up unit,, didnt get the one i was eyeing bcos developer lock the unit,,  geezz :@
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So it's 11:30 am there about already, have you chosen your unit ? Did you see Chris Chew ( if you know who is he ) there grabbing a few units of the smaller built up ? smile.gif

Gee, the developer locked up some units some more for future release and price hike ? !
puchongite
post Apr 15 2012, 07:46 AM

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QUOTE(ronn77 @ Apr 15 2012, 12:10 AM)
Bro, so u ended up with 2 units Type C? Truly KR2 taikor  notworthy.gif  notworthy.gif  notworthy.gif
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Hats off to Chris Chew, the orang kerusi of KR2. rclxms.gif rclxms.gif rclxms.gif
puchongite
post Apr 15 2012, 01:51 PM

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QUOTE(twincharger07 @ Apr 15 2012, 01:32 PM)
1st block only open to internal, internal's ah gong ah sum, relative, kawan, and business partners..
even Trinity supporters like Zest n Heron owners dont get the priviledge..
A friend got lubang and manage to book 1st block, but got shortsighted and thought market gonna crash, and she release her unit, what a lost.. if not, at least 100psft paper gain or RM100k gain by now.
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That's the thing about investment. Nobody knows everything and nobody can predict everything in the future. Even the most veteran might "drop spectacle" at times.
puchongite
post Apr 16 2012, 12:24 PM

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QUOTE(frozen44 @ Apr 16 2012, 12:01 PM)
Yes, my unit was offered privately on friday like bro chris mentioned.
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Not that it concerns me but it's unprofessional to tell everyone it's open on Saturday onwards and then privately opened it on Thursday and Friday. What is this lar ? rclxub.gif
puchongite
post Apr 16 2012, 03:01 PM

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QUOTE(Chris Chew @ Apr 16 2012, 02:46 PM)
Hmm. Actually if I am the developer, to impress everyone and wants money. I will do in separate phase. Open Tower 1 first, sell only lvl 1-20, open Public take or leave it. Then open Tower 2 lvl 1-20 and Tower 3 lvl 1-15 ( since Tower 3 has more premium as solo tower and no Type A ).

Once all sold, open the premium units from lvl 16-30 with increased price and so on. If sales is quick for Type A, good, sticker game. Once all sold, re-open the units with another increase price, those buyers take now are those keep on wait n wait. They pay the additional price for not buying Phase 1, 2 or so on.

At least with this game, developer still can test the market by open units by group. At least open publicly and without any too obvious of sticker game. Buyers happy n developer still sold out. All win-win and no one complaint why the unit they want was sold but open later on with guessing price.

Or most easy, the increasing of RM 1,200 for such 500-800k ish is too low. Prompted people if I only can buy lvl 6 now, why not wait n try luck later open day with another 12k premium for lvl 15? 12k for 500-650k ( Type A to C ) is not much. IMHO, the increase price should be at least RM 2,000-RM 2,200 to ease everyone doubt for the floor they want.
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Doing things professionally are ***NOT*** in conflict with the objective of maximizing profit.

Only Chinamen think that doing things professionally will eat into profit.
puchongite
post Apr 16 2012, 03:25 PM

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QUOTE(Chris Chew @ Apr 16 2012, 03:17 PM)
Puchongite Gor, your sentence too short and meaningful. Too bad, I can't get what you exactly mean... Lol. Paiseh.
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I was just saying that instead of doing things haphazardly like what the developer/agents are doing, say one thing and do another, giving people bad impression, that will leave a bad taste in people's mouth.

What the developer/agents can do is to follow a system ( similar to what you have proposed ). If they follow a system and maximizes profit from it, at the same time people don't get the bad impression. Therefore doing things professionally ***CAN*** still maximize profit.
puchongite
post Apr 17 2012, 10:36 AM

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QUOTE(gatsby12 @ Apr 17 2012, 10:34 AM)
can I ask how come some people get private invitation de? :-)  bcoz work for bank is it?
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Must be lar. LOL. vmad.gif


puchongite
post Apr 18 2012, 12:15 PM

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QUOTE(Chris Chew @ Apr 18 2012, 12:09 PM)
Agree my MGG Gor comment. I still doubt KV capability to match other countries capital like Singapore, Jakarta, etc not to mention Shanghai, Beijing, Taipei, Tokyo, so on.

However, I tend to support and believe that KV is improving since the LRt, MRT and KTM plan had been proposed and it can bring the city to another greater level.

In years to come, I still believe, Malaysians will continue to pursue their property within prime area of Damansara, PJ, Puchong, Bkt Jalil, Subang and etc. Not all Malaysians have such culture of willing to save hefty cost to drive 40-50 km to KL for their job until the conpletion if our new LRT line.

Could they purchase location like Klang further, Shah Alam further, Rawang further or Nilai just to save housing loan installment. I could believe that they rather rent nearer place to work than staying so far, of course not all, sure they are some willing to travel.

For KR2, I sense today's pricing, albeit LH, entering at RM 420-450 psf is still approachable. With freebies and DIBS, I rank it is about quite fair price at RM 400-420 psf. Located at one of the best location, with KL address, to get 30% appreciation is possible.

IMHO, the KR2 should completed by July 2015 and handover by end of 2015. So in 3 1/2 years time, it is potential to get at least 25% appreciation or as at RM 520 psf.

Most of all, I still unable to predict too much. Just my forecast since I vested into it. 2009-2012 was a great period for property market, it appreciated at least 50% for such location of Bkt Jalil. However I don't see 2012-2015 would be another legend of 50-70% appreciation, I don't know it but I do pray it.

As Covillea and Savanna, both FH selling at RM 500 psf today, if KR2 really can offers a wow, wuu, whoah like TZ upon VP, I don't see why it can't reach RM 550 psf or beyond Covillea and Savanna pricing as at end of 2015.

Like MGG Gor said, it also rely for the future development and surrounding commercial area. The location of KR2 itself, no doubt I would say very good. But the presence of KR2 itself is another biggest factor where it's concept and building quality is widely regarded and needed. It is untested as the building is yet to build.

For 30% appreciation, I vested my units at RM 425 psf, means I need to sell at RM 550 psf or RM 800k. If the market is continue like BBB, RM 550 psf is highly doable, can even close to RM 600 psf. Even Kinrara starts promoting the new launches close to RM 500 psf and above it by this year end. As for today, I targetted it as at 25% appreciation.

On and off, I would say KR2 has the best winning appeal in terms of rental value in future. A 1,457 sq ft condo ( with KR2 features) fetching ard 3k now. By 2016, RM 3,700 to RM 3,800 is possible, though I am not saying guarantee.
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You guys are really too conservative in your prediction. The City of Green people's prediction of their property will be 900k after completion, for a 1200 sf built up btw. laugh.gif

This post has been edited by puchongite: Apr 18 2012, 12:21 PM
puchongite
post Apr 18 2012, 02:09 PM

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QUOTE(MaiGehGeh @ Apr 18 2012, 02:01 PM)
Pls raise my salary and bonus 1st. Then I will contribute more to property tongue.gif
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Are you asking Ah Jib gor Ah Jib shou to raise your salary and bonus, or you are asking War gor War shou to do it ? laugh.gif

This post has been edited by puchongite: Apr 18 2012, 02:11 PM
puchongite
post Apr 18 2012, 02:31 PM

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QUOTE(twincharger07 @ Apr 18 2012, 02:22 PM)
+1

For me, this one for rental play more than flipping.. with LRT just walking distance, this place can hold for long term, as long as lease still more than 80 years, till 1 point have to let when new opportunity arrive..

rental play for new props nowadays i foresee will be tough and even tougher for those condo/apartment that doesnt standout with added value.. (eg. Condos/apartment selling at high prices with no amenities and convinience, properties with no fundamental).. Strategy for now is getting something with additional values like LRT, location with convinience in access, security and amenities.

Since KR2 will be completed in 3 years time, we will still see property around this region to appreciate with price pulling from City of Green, New Condos in BK, condos from OKR and maybe from distance away puchong (IOI skyz and skypod) which are likely =>500psft.

Rental wise, Savannah will be the benchmark now in BJ.. bare unit not more that RM2000 permonth. Soon we will know from Covillea.. Inflation will play apart in raising the rental. I dont expect much +cashflow, maybe break even if the rental goes RM2200 permonth with partial or fully furnish. KR2 only need minor touch up to get it fully furnish. This KR2 is more for long term, maybe up till 2020 and beyond when property is too expensive to buy and renting is a better option for other ppl who wants to like near to suburbs. +point is LRT when price of commodities raises in future..

my 2 bakuli
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Twincharger gor, your post is so similar to the one posted by another nick in PropertyWTF leh ?!
puchongite
post Apr 18 2012, 09:29 PM

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QUOTE(Garmin_GPS @ Apr 18 2012, 09:13 PM)
after read chis gor post like gone thru 1 high motivating property course
really impressive  rclxms.gif
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How many percent of alcohol content does it have ?
Is it a shandy, carlsberg, vodka, maotai or everclear ? tongue.gif

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