Hey guys, i need some advice about this, LaCosta. is this place is a good place for investment?.. the selling price is 880k i think...

this is the link about the condo LaCosta

I personally fancy Lacosta as the area has potential for growth and the planning for future development looks interesting. This side of town needs a development like South Quay. Most importantly is the lifestyle whereby you have the lake and future developments of restaurants around the lake. Nice pavments and walkways. It gives you a sense of luxury. Do check it out as the developers package is pretty interesting.

Some downsides are that, the property is leasehold. For me it is not too much of a concern. The traffic congestion gets pretty challenging but I reckon it is all about getting use to. The highway which is directly behind the developmet. Of course the biggest issue is that the property is not avaragely priced.

For me it is for own stay hence my opinion may differ from others.

thanks for the opinion.

but do u think the price for that condo is a little bit of overpriced?...or its quite fair?..

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Added on May 17, 2011, 8:14 amI don't feel it is overpriced but rather more of paying for a luxury property. According to the developer future developments are gonna be designer developments. Developer is offering a discount of 10 percent and interest bearing scheme hence you will not be exactly paying rm650 per sf. Nautica was sold at rm4++, a marine 5++ now lacosta 6++. Looks like developer is maintaining a steady hike in price. Nautica is ready and rental prices are going for rm3600 p/f. Not sure about the take up rate as it is still new. If the workmanship for lacosta is good and sunway delivers then I feel south quay has a good potential. I reckon sunway would deliver as they have a vested interest towards the whole south quay. I Was on the road heading from sunway medical to usj via the back of sunway college and traffic was pretty bad. Btw are you looking for own stay or to flip?

This post has been edited by zorroantonio: May 17 2011, 08:14 AM

Brillant idea, lifestyle BUT this is ex-mining area. Not firm foundation, earth movement etc. Worry about sinking.
Do u know Sunway has got the most potholes?

Yes I reckon the whole mining area is a bummer. Well something to think about before deciding.

if not overprice, then why still need to provide so many goodies? 10% discount somemore? There will a time when the increase will be level off and heading for soft landing...don't expect the price just up up up. right?

New launches of properties equivalent to lacosta are selling around the same price as lacosta. With regards to the goodies, my take on that is that it works to assist those potential house buyers in coming up with the downpayment. It is a tool to assist for those who can afford the property. The tool will not assist those who can't afford the property. Of course we all know that all the goodies are actually costed into the price.

As much as I frown upon the the escalating prices in property, it is a bandwagon which we all sooner or later will jump on. Malaysia has been resilient during the last economic downturn hence I don't see much changes in the near future. If there was or going to be a soft landing this would be the soft landing.

lacosta launching this saturday 30th July wor

Anybody going? Anybody already booked?

Korean dumping their stocks!!!

Complete units of Nautica Lake Suites up for sale
Written by Wong Mei Kay
Friday, 19 August 2011 11:26

PETALING JAYA: Unsold units of the Nautica Lake Suites condominium in Sunway South Quay in Bandar Sunway are being released to Malaysian buyers for sale at a discount by South Korea-based owner Luxury Court Sdn Bhd.

The condo comprising 249 units is the first completed condo in Sunway City Bhd’s Sunway South Quay. At end-2007, it was sold en bloc to Luxury Court Sdn Bhd for RM200 million. Luxury Court is a joint venture between CI Korea Ltd and Daol Trust & Fund Co Ltd, South Korea’s first specialised real estate fund investment and management company.

Since then, Luxury Court has semi-furnished the units and sold some 80%, of which 70% were sold to Koreans at prices between RM550 psf and RM600 psf. Prices have since risen to between RM620 psf and RM680 psf, said Roland Lim, principal of Nova Realty, the marketing agent for Luxury Court in Malaysia.

Local buyers for the remaining 20% available for sale can enjoy a 5% discount on prices starting from RM620 psf. As for the downpayment, they only have to pay 5% if they are entitled to a 90% loan (wherein the 5% discount shall be given as a rebate for the first 10%).

The units range from 1,392 sq ft to 2,375 sq ft while the two-storey duplexes span 2,375 sq ft. The former are priced from RM950,000 to RM1.8 million while the latter come with a price tag of RM1.8 million. The penthouses are 3,300 sq ft to 3,600 sq ft and are priced between RM2.5 million to RM2.7 million.


Local buyers for the remaining 20% units of Nautica Lake Suites can enjoy a 5% discount.
Of the units available for sale, four are duplexes. All units come semi-furnished with televison sets and kitchen cabinets, wardrobes, air conditioning as well as light fittings. Facilities available at the condo include an infinity pool, fitness centre, jacuzzi, cafe and bar, all of which face the 28-acre lake which is exclusive to the residents of Sunway South Quay. A putting green is also available.

Lim said while most of the local buyers own the units there for use by their children studying in nearby institutions such as Sunway and Monash University, only 30% of Korean owners bought them for that purpose. Another 30% bought the units for investment while the other 10% use the units as holiday homes.

Around 50 families have already moved in, he said. Rents range from RM4,000 to RM5,500 depending on the size and furnishings.

Sunway South Quay is accessible via the Kesas, Elite and LDP highways as well as the Federal Highway.

Sunway South Quay is home to the Bayrocks bungalows. Other ongoing developments in the area include LaCosta and A’marine condos while upcoming plans for the lakeside township include several blocks of condos, commercial blocks and SoHos.


This article appeared on the Property page, The Edge Financial Daily, August 19, 2011.

La Costa is most likely buy for stay .this uniquely property have artificial Beach and Can u imaging that !u can have a bikini party @@

This is not call dumping stocks. PSF is higher, hence you can't say they are dumping. Creative pricing mechanism is the correct term. Is use to pancing the "fish" in the la costa lake.

haven't sold out?

how much the current price now for lacosta? is there any website like Propertyguru for malaysia?

thinking of buying this for investment? Any opinions?

10% and DIBS?

When it is completion date? A'Marine can see it is going to complete soon.

Hi, can pls pm me the details? Thanks

PM me too.....thanks

Pm me too... Thanks.