Not really. I just went to HSBC signed the offer letter.

Both Alliance Bank and HSBC approve my application within 3 - 4 days. Mayban call me but i'm not interested.

They are Batu 9 Chinese School just mile away. Cempaka Int. Sch. / UCSI Int. Sch. just nearby. UCSI / MasterSkill Uni. in less than 10km. Leisure Mall / Phoenix in 1 - 3 km....

From the reliable source, the MPKJ actually requested PJDC to construct a covered with A/C walking path all the way from MRT station to the You Resident, same as something from Pavillion to KLCC, but PJDC management trying hard to avoid this because incur huge money. They may built a covered walkway instead.

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Added on August 22, 2012, 5:05 pmrisky on what ? PJDC will bankrupt ? don't think so




This post has been edited by you@23xx: Aug 22 2012, 05:05 PM

here the location map downloaded from KVMRT official website.

don't know why those ppl simply spread the rumours that the MRT station will move/cancel/delay.....

can't deny the risk, but i think the proportion of risk should be this way :

Risk of MRT Project
- Cancel the Suntex Station = 0%
- Relocation of station to opposite site = 1%, 99% will be as plan
- MRT station may not complete in 2015 = 15%, practically completed by contractor but the communication system by others (George Kent ?) may not ready in time
- MRT Line may not operation in 2015 = 50%, as above
- MRT Line will fully operation in 2017 = 99%

Risk and Opportunity of You City Development
- You City First Phase complete in 2015 = 99.9%
- You City Phase 2 price increase by 20% = 60%
- You City Phase 3 price increase by 40% = 40%, provided phase 2 selling well like first phase
- Rental of Studio Unit in 2016 (fully furnish) = 1500 - 1800
- Rental of Family Suite in 2016 = 2000 - 2500 (partly furnish), 2500 - 3000 (fully furnish)
- Rental increase after MRT Line fully operation = +300

The above just my personal NOT PROFESSIONAL ASSUMPTION.

only afford one, the smallest studio unit

I have the reason for thinking optimistically. Not only the 20 acre of city development of You City and proposed MRT line will give the boost and live to New Cheras, another big development is coming soon next to Sentral Cheras (Phoenix Plaza), which comprise of :

- 2 block 28 story service apartment
- 1 block 18 story office building
- 1 block 4 story shopping mall
- shoplot etc....

Other than this, the AutoCity Cheras (opposite Leisure Mall) will also transform into another prestigious development in the near future.

All this development are along the MRT station line Suntex - Cheras Sentral - Leisure Mall. Can you imaging how the Cheras will look like after 10 years from now ?

I have no worry on PJDC financial strength on fulfill his promise. But I told the SA during paying of booking fees, it is the most ridiculous and stupid arrangement by developer. not only adding huge admin works to the PJDC staff, also adding extra cost to the buyer for claiming back the money paid.

this are the project signboard next to Cheras Sentral

the site is clear and starting setting up, piling frame are moving in since last week.

[attachmentid=3012224]

My personal opinion.

PJDC play a very good strategy game here. The unit offer is :

533 sf Studio unit price from 230k + for lower unit which you are impossible to get one. the upper unit is up to 320k before discount.

the family suite start from 1200 sf, the price is from 500k + before discount but limited unit. 1276 sf have more unit but the price even higher.

the gap between studio unit and family suite are almost double in term of built up and selling price.

imaging 3 - 5 years from now, the family suite will be selling at not less than 600k, how many ppl afford it ? so the potential buyer have no choice but look into smaller unit that cost below 400k, so the demand of studio unit is higher.

The expected rate of return of studio also higher than family suite.

For rental, young professional and newly married couple with other commitment (car loan, study loan etc) and medium income will most likely prefer the studio unit.

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Added on August 23, 2012, 11:09 amhere the link to the signboard

the forum

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Added on August 23, 2012, 11:14 amfor those ppl not from Cheras, FYI, up to Phoenix Plaza still under jurisdiction of DBKL, after Phoenix Plaza is under MPKJ.

I believe quit rent are cheaper under MPKJ

This post has been edited by you@23xx: Aug 23 2012, 11:14 AM

The SA are useless, only can give you one sided info.

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Added on August 24, 2012, 3:32 pmAs I know, they are few units available due to loan application rejected. But you won get the discount

This post has been edited by you@23xx: Aug 24 2012, 03:32 PM

2 weeks ago that was 100+ in the waiting list

not all speculator. some buy for long term investment, like me

I just signing S&P at Henry Lim & Co.

They sent me email, not call or post.

Yes, they also pass me a letter from PJD stated all discount 10+2 and DIBS 4.85.

The lady also told me that upon completion and handling over, buyer have to pay a transfer fees of amounting to 10k ~ 15k. i did not ask in detail, so can anyone explain what this fees for ?

you are right

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Added on August 30, 2012, 5:00 pmmine is 533 studio unit

This post has been edited by you@23xx: Aug 30 2012, 05:00 PM

no. only S&P.

Loan agreement waiting for HSBC lawyer to call me

i never ask HSBC to include the fees since i prefer to pay for it to reduce loan amount.
I do ask for discount and confirmed that they will give 30% off except stamp duty.