Passed through summit yesterday, saw some fancy stuff being build or planned.. Anyone knows whats that project??
Really havent heard or probably missed it b4..

This post has been edited by henryhing: Apr 21 2011, 08:48 PM

I saw that too, was wondering what is it.

Commercial project by Equine comprising of 480 units of Service apartments, shopping mall and commercial buildings. BTW its freehold

http://www.equine.com.my/usj_development.html

Those 'in the know' have been waiting for the announcement since early 2010

Thanks Rakyat,

Just found out from their SA. Nice dude btw.
Planning to launch August maybe. Residential suite 710(studio)-1187 sft. Indicative price 550-650 psft
For studio free 1 car park. All other units got 2 car park. All non furnish- bare units.
No plan or proposal to build new access roads to USJ

What u guys think?? Worth it??

be prepare to face even worse traffic jam after this in front of those area...

LRT would be one of the selling point

LRT is good but how can they justify higher price compared to those apartment in Subang which already have ktm, shopping, less jam etc??

If no new access or at least widening the road then it will cause problems. If exit in front of kewajipan, it is too close to the traffic light so every morning u will be stuck from your parking lot (cannot even exit the building)! If exit from the back u need to make a u turn and then 2 traffic lights within 1km again, morning jammed at your parking lot.

Pricing is very steep, like that might as well buy sub-sale USJ1 Residence (LH but have GGR)/ Le' Meridian (FH appox 500 psf)

To pull off such pricing, they will need to provide attractive DIBs

This post has been edited by rakyat: Apr 21 2011, 01:54 PM

Seem interesting, anyone interested to go in bulk can pm me.

May be Pai Taiko or accetera can share some view on this project.

Thanks.

Kelvin

This is awesome wey!

A new thread with the project name had been created by cutealex

http://forum.lowyat.net/topic/1845173

lets consolidate the discussion into 1 to help the others efficiently seek for information..

teaser ...

Ai-yo your teaser is terrible so dark and blur. At least take during the day-la

teaser ma bro... more to come!

$550 - $600 psf seem good price for this location with lrt, but who will be the tenants, any ideas in usj serviced apartment situation? like empire subang what the rental yield like?

seems nice... price abit steep though....

can count me in

Wei ur teaser should be snap from the side entrance la. Written big big Da Men..hehe. Thanks btw. So guys worth it or not for 550 psft ???
Target tenants would be students from nearby college like Segi but As I know Segi already sign contract with Casa Subang previously to use it for hostel for segi students. I know coz i bought and sign the agreements about 5 years ago. Anyway there are alot of other apartments nearby to compete as well.

What price would u pay for Da Men?? Just curious coz interested to vest here if viable.

Pricing is abit steep-la. For lower price VPed sub-sale (RM350 to RM450 psf) Le Meridian/ Casa Subang/USJ1 Avenue/ USJ1 Park ect
The main tenant target are Segi college foreign students (big population of Africans) but you will be hard press as there r losta cheaper accomodation from double storey terraces (RM800 to RM1k), walk up apartments (RM700), mid-cost condos (RM1.3k to RM2k)

Let work the numbers : studio RM650 * 710 = RM461k meaning with maintainence breakeven point should be RM2.1k per month
3 bedder 1187 * 550 = RM653k break even RM2.8k.

I think the 3 bedder is doable if the LRT materialize and the shoppintg complex gets a quality anchor tenant (Jusco??)

Good news is that the project will be staggered over 7 years. Hopefully they pull off the commercial - besides Serdang area, what is Equine's track record for mix development?

Cannot compare with e-Tiara/ Empire Soho, USJ 1 is not as condusive so should command lower premium/ yeild

USJ???wow....must hanlde the terrible jam

wah...why my company's project site suddenly come out in the lynet
hohoho