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.

Pls PM me on La Costa... Small unit is being considered

Is la costa still got unit available for sale?

there should bumi released units from time to time...

anyone knows why the appreciation of La Costa is so slow?
Is it really hot down in South Quay?

It's not even completed yet.....why say slow down in appreciation ??

sorry sorry! I mean generally the appreciation of condos in SSQ is quite minimal! (A Marine n nautica)

yaya true but A marine having a tough time in d subsale market.

Pm me the price, tq

Wonder if Geo R will follow the same path

Hi, anyone here in the forum is a purchaser of LaCosta ? I have just got my VP letter today. Nothing is mentioned about late delivery interests - VP was due in May, 2014 for me.

Likewise, my VP was April 2014. Believe have to push them for it else they will delay, well lets see. This project in terms of timeline very poorly managed by Sunway. Since April they keep mentioning VP the following month until a stage i gave up, super hilarious from developer such as Sunway

Wonder why La Costa would delay btw 5-6 months.

Boss, not sure why the delay, more than 6 months wei, hence been paying the loan repayment since then.. Anyway, as long they pay up the penalty...

Ic, LC is not s huge or mixed development, should have no prob for delivery.

Anyway, although 6 mths delay, I think Sunway will be responsible to pay the LPI n hopefully it will be in great workmanship upon delivery.

Guess what, after all the due payments have made from both myself and the bank at VP.. Sunway says they can only give the keys mid next month... It seems that don't have the resources to manage the process of giving the key to the purchaser.. unbelievable!!!
Project been delayed 8 months.. To get key another additional 2 months due to lack of resources.. vomit blood.. lol

Unbelievable coming from a top developer with thousand of staff...

Is it still have work not completed trying to play delay game? One can lose 2 months rental if renting out. Why not write a strong complain letter

Believe its poorly managed from the beginning, they would not dare declare VP if not completed, then again, never know..
Well lets see, will keep you guys updated..

Poor workmanship and poor design! Disappointed

Sandpool is cool but from the photo, the sandpool looks weird leh.

I guess the sands flew into some part of the pool, but until so clear from the view of the photo means the water is too clear or it was a dirt?

yeah doesn't look good.. this is why i avoid sanway.. btw, are u planning to sell it off?

Yeah, its not so good. I have water leakage around my walls beside the windows, probably water proofing not done on the outside. Good thing its raining in Sunway so i can catch these defects before i start renovation. Water also leaking at bathroom and other issues as well.

1Mil condo and defects like this is not acceptable, well lets hope they rectify it fast and well. Place is nice though.

My unit as well. Submitted 60 over defect over the past one week nothing has been done.

Went to the Sunway office, there ask us to refer to the PR people.

Ask PR ppl, there say submit online.

Really bad workmanship and handling of customers from Sunway Group.

Any idea who to contact in matter.

Thanks

Submitted my "defect report" mid Dec, they have started a little but left it hanging when i last check yesterday. Did not go in to check today. I have many defects as well but i only submitted a few as others i can close eyes and i need to start reno soon. Worst thing about my place is when it rains, water enters through all my walls at the window edges and its virtually wet hence my paint is peeling. Probably water proofing not done right at the outside and my bathroom plaster ceiling is virtually collapsing (no kidding) as its leaking from the top floor...

Lol.. I have purchased other apartments but this Sunway project takes the cake for unbelievable poor workmanship, perhaps its just Lacosta

So are you going to leave it or going to find the management to talk about it. Mine on Block B.

I'm currently looking a group of owner so we can request them to either repair the defect asap or request for compensation.

My wall is also having the same issue.

I'll wait till next week. if still the same, ill definite going to make a fuss on this.

They are rectifying mine at the moment, as i mention i submitted mine mid Dec. I made a fuss last week and only then they started to work on it.

Who is your PR person, there a guy and lady, my block is the guy (will not mention his name), he does not entertain any calls or msg's. I almost walked into their HQ to confront their head but the lady helped, even though she is the PR for the other 2 blocks she is polite and very helpful, most importantly she answers calls.

For the wall, not sure how they are going to do it as water proofing may need to be done on the outside. So far i dont see them fixing this yet. This is i a big headache as if i paint or put wall paper, it will discolor and peel again hence i have to wait until this is done..

That guys name is Iman, He's a malay right. I also called him but he nvr pick up the call. The lady u referring is Ms. Woon right?

I also cant do any renovation or painting until there fix it. Did you contact anyone else?

I went to HQ but there ask me to refer to ms. Woon. I went to see her but she insist only can submit defects online.

Was asking for a person in-charge to speak to but she own self also dont know who.

Which block are u, if you dont mind to tell me.

thanks

Im in Block D, PR person assigned to me is June Leong but i communicate with Sylvia more as i cant get through to him at all. Who was the person who gave you your keys?

Iman a malay guy...

went to see my condo, they have repair the minor stuff but didn't do the major ones.

How about u??

They have finish mine, got the notification but yet to check.. Will update once i have seen it...

Poor workmanship, i rejected 70% of completed rectification

Hi to all Sunway South Quay Lacosta owners and residents,

Welcome to Sunway South Quay Lacosta FACEBOOK group social site for owners and residents. It is created to connect and be updated on current issues and happenings in Sunway South Quay Lacosta. Feel free to PM me your email to get invitation into the FB group or simply go to the FB group URL https://www.facebook.com/groups/sunwaylacosta/ and click "Join".

Wah, so sucks?

Sorry why its hot water?
Is it centralized hot water system?

Hi guys,
Am considering purchasing an unit for own stay here. What are the other issues encountered besides the heating leakages in toilet? Thanks.

Got a lelong unit sold today. At 10% cheaper than market, people already grab.
Sunway property high demand from investor.
Maybe due to student rental:




A-19-03, Lacosta Condo
Reserve price 792k.
Subsale around 850k to 880k for similar size unit.
Size: 1330 sqft with 2 car park slots

Sold at reserve price 792k today. Single bidder win.

Layout:

Tenanted unit?