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 You City in Cheras 9th mile by PJDevelopment, Good for investment?

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twincharger07
post Aug 12 2012, 12:34 PM

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QUOTE(yankicip @ Aug 12 2012, 11:11 AM)
I asked my neighbour. she is from Russia. i asked her why buy and stay in Malaysia?

She said no natural disaster. low cost living. eng speaking. weather good for old lady like her. My 2nd home is very easy to apply ( need small amount if fd only). property very cheap and can make profit also when sell.

She also said. she never make loss in property  (Moscow and kl )
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did she buy into youcity?
yankicip
post Aug 12 2012, 12:39 PM

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QUOTE(twincharger07 @ Aug 12 2012, 01:34 PM)
did she buy into youcity?
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She think about the penthouse block a in you city.

I told her to think twice as property price is at ceiling now and she eye for huge unit. buy later maybe better price when drop. if buy landed no problem.




This post has been edited by yankicip: Aug 12 2012, 12:44 PM
Chris Chew
post Aug 12 2012, 12:53 PM

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QUOTE(twincharger07 @ Aug 12 2012, 01:35 AM)
IMHO, most buyers (being own stay or investors) are attracted to the 10%+2% rebate low entry..
was told booking 10k and buyers still need to pay 5% dp.. however, the amount will be rebate back to buyers after the $$ is disbursed to developer..

I asked one of the mid floor unit 1276sqft about RM640,000.. price after 12% discount is RM563,200, thats about 441psft..

so big kap lah + DIBS + free legal fee and beside MRT, BBB... (they BBB la, I hold hold hold tongue.gif ... IMHO, this place got potential, but those who bought for investment need some holding power after 3 years.. gain and yield might not be realized immediately upon completion  hmm.gif .. )
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Wahh Twin Gor. You also attracted to YouCity ahh???

Agree that most buyers here are very attracted to the 10%+2% rebates. Same thing happen to YouOne USJ, most young buyers did not care the high price point and importantly for them, easy n lowest possible entry.

PJD requires RM 10k booking and dp of 5%, which re-imburse later is one of the strategy to control the quality of the purchasers, at least none will simply just book without pay anything and get loan of 88%.

IMHO, YouOne looks better in terms of location but YouCity looks great in terms of Greater masterplan compare to smaller scale in USJ ( they have one more similar product coming soon or next year ) and affordable pricing of RM 500 psf bfore heavy discount with DIBS option against high price of RM 650 psf in YouOne. Probably YouCity has all the potential in this area but I very predict, it going to takes time bcz most of it's projects are investors' game.

Anyhow, they do not need the worryness of selling of as they had great group of investors and supporters fr Singapore and Sabah, but upon VP, these are the group who buy and keep which keep the number of transactions at bay as well as the occupancy rates.


twincharger07
post Aug 12 2012, 01:05 PM

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QUOTE(Chris Chew @ Aug 12 2012, 12:53 PM)
Wahh Twin Gor. You also attracted to YouCity ahh???

Agree that most buyers here are very attracted to the 10%+2% rebates. Same thing happen to YouOne USJ, most young buyers did not care the high price point and importantly for them, easy n lowest possible entry.

PJD requires RM 10k booking and dp of 5%, which re-imburse later is one of the strategy to control the quality of the purchasers, at least none will simply just book without pay anything and get loan of 88%.

IMHO, YouOne looks better in terms of location but YouCity looks great in terms of Greater masterplan compare to smaller scale in USJ ( they have one more similar product coming soon or next year ) and affordable pricing of RM 500 psf bfore heavy discount with DIBS option against high price of RM 650 psf in YouOne. Probably YouCity has all the potential in this area but I very predict, it going to takes time bcz most of it's projects are investors' game.

Anyhow, they do not need the worryness of selling of as they had great group of investors and supporters fr Singapore and Sabah, but upon VP, these are the group who buy and keep which keep the number of transactions at bay as well as the occupancy rates.
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jiu lai just a 15 minutes drive there from my place la.. biggrin.gif .. last time i did book a unit just across the road (Green Terrain @ 350psft), but then i cancel it and switch over to KR2 laugh.gif

wah, your cable sibeh strong la.. anyway, i wonder does those Singaporeans and Sabahans know what they are buying into hmm.gif

Only 16 pages of discussion in LYN and so far only spotted 1 buyer from WTF...
not many young chaps buying into this?
So it could be auntie uncle buy few units 1 shot? plenty of foreigners buying for investment?


Added on August 12, 2012, 1:08 pm
QUOTE(yankicip @ Aug 12 2012, 12:39 PM)
She think about the penthouse block a in you city.

I told her to think twice as property price is at ceiling now and she eye for huge unit. buy later maybe better price when drop. if buy landed no problem.
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yea.. the ceiling price kinna put me off also... this will be a very long term investment..

This post has been edited by twincharger07: Aug 12 2012, 01:13 PM
toiletduck
post Aug 12 2012, 03:04 PM

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Not sure should vest on this project or cheras those old 2sty link home range from 500k...
owj
post Aug 12 2012, 03:25 PM

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Just came back after enjoying the fried kuey teow smile.gif
Left abt 11 1276 sq ft units above 25 floor. Avg psf after discount is rm460.

Basic facilities of gym, swimming pool etc. There are 6-7 retail lots on the grd floor not for sale at the moment.

SA mentioned only 500m away from MRT but it looks a bit far from their overall model though.

Feel a bit too high for rental game. At rm586k, will need to rent at least rm2.5k to cover. Doable?
Cantalope
post Aug 12 2012, 03:31 PM

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It's beyond spending power of majority Malaysians but probably a small portion of executives or expats would be your tenant market. Probably like Mont Kiara where big bosses keeps their mistresses.
kiddyinvestor
post Aug 12 2012, 05:28 PM

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Surprise to see the BBB mode is still on depsite the BNM ruling.....

However, this morning i still receive sms from them saying is selling fast and limited units available blah blah....
SUStikaram
post Aug 12 2012, 05:36 PM

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QUOTE(kiddyinvestor @ Aug 12 2012, 06:28 PM)
Surprise to see the BBB mode is still on depsite the BNM ruling.....

However, this morning i still receive sms from them saying is selling fast and limited units available blah blah....
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Almost habis sapu.

I was told 60% own stay and 40% investment &

only penthouse / duplex and bum lot available.

This post has been edited by tikaram: Aug 12 2012, 05:41 PM
Mambasm
post Aug 12 2012, 05:47 PM

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went there just now.....

price kinda steep for investment - whether is flip or rental. those that no holding power, very risky.

remaining those 12xx sqft selling for around RM580k ..... studio all sold out...
to me good points - freehold, MRT and developer is PJD.



kenji1903
post Aug 12 2012, 05:49 PM

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anyone comparing this with SDB's Windows on the Park?
CharmaineLee80
post Aug 12 2012, 05:52 PM

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Anyone visited the show unit? Nice?
SUStikaram
post Aug 12 2012, 05:53 PM

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[quote=kenji1903,Aug 12 2012, 06:49 PM]
anyone comparing this with SDB's Windows on the Park?
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[/quote

i think this better. You can see 90% sold.

Wotp is just 50% sold only after 3 weeks launching.


Added on August 12, 2012, 5:55 pm[quote=CharmaineLee80,Aug 12 2012, 06:52 PM]
Anyone visited the show unit? Nice?
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[/quote]

show unit not so nice.

I think better than the Wotp.

But the best so far is still jadite jadehill show unit.

This post has been edited by tikaram: Aug 12 2012, 05:56 PM
kiddyinvestor
post Aug 12 2012, 06:09 PM

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WOTP is high end product.....not apple to apple comparison lo if compare wtith this You City....
tongying
post Aug 12 2012, 06:10 PM

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QUOTE(kenji1903 @ Aug 12 2012, 05:49 PM)
anyone comparing this with SDB's Windows on the Park?
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U city - >90% sold.

Wotp sale is much slower - 9xxsf abt 85% sold, 16xxsf abt 70% sold, 2xxxsf <20% sold.
Btw, SDB will increase pricing for 9xxsf by 15%, starts from tomorrow!
CharmaineLee80
post Aug 12 2012, 06:12 PM

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QUOTE(tikaram @ Aug 12 2012, 05:53 PM)
show unit not so nice.

I think better than the Wotp.

But the best so far is still jadite jadehill show unit.
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Got photo for show unit? Wanna see how the unit attracts the peoples....
danielisme
post Aug 12 2012, 06:22 PM

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Can't compare you city residence with wotp la. Like pasar vs cold storage. see the visitor also less standard
tongying
post Aug 12 2012, 06:47 PM

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QUOTE(Mambasm @ Aug 12 2012, 05:47 PM)
went there just now.....

price kinda steep for investment - whether is flip or rental. those that no holding power, very risky.

remaining those 12xx sqft selling for around RM580k ..... studio all sold out...
to me good points - freehold, MRT and developer is PJD.
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U city major selling point is mrt. If mrt project were to delay by many years or the mrt station location is changed, u city would be very jialat.

For Wotp, mrt is only a minor selling point. Any changes in mrt project would not impact wotp much.
ecin
post Aug 12 2012, 06:53 PM

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It'll kill if too many no holding power investors for such price before a location go mature
kiddyinvestor
post Aug 12 2012, 08:50 PM

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QUOTE(danielisme @ Aug 12 2012, 06:22 PM)
Can't compare you city residence with wotp la. Like pasar  vs cold storage. see the visitor also less standard
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Thats what i have mentioned before.....but ppl just dunno and thought is the same since is 'within the same area' assumption doh.gif

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