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 koi prima, condo

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chwlim
post Jan 6 2012, 02:36 PM

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QUOTE(chaimayyen @ Jan 6 2012, 02:13 PM)
puchong not much place can develop already.....if covenient place the price is too high.
For me, Koi prima maintenance fees quite resonable RM0.10 per s/f.
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It is RM0.20/sf. Been asking about this last week hence it is still fresh in my mind.
Chris Chew
post Jan 6 2012, 08:13 PM

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QUOTE(chwlim @ Jan 6 2012, 02:36 PM)
It is RM0.20/sf. Been asking about this last week hence it is still fresh in my mind.
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For service apartment price range from RM 340k to 400k and size from 11XX, i thionk RM 0.20 should be still okay because majority is RM 0.25 and above.

My biggest concern would be the title is under Taman Mas, Sepang. I need to check this out or else, i probably cancel my unit.

hornbill_78
post Jan 6 2012, 08:24 PM

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the site currently is opcupient by poor malay. I think it might problem if the developer want to kick them out.
amarah
post Jan 7 2012, 04:21 AM

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Guys do you think its a good investment?
jasonooi
post Jan 7 2012, 09:28 AM

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Anyone here start to loan ?
hornbill_78
post Jan 7 2012, 10:20 AM

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For own stay should be OK but not for investment.
SUSRezo
post Jan 7 2012, 10:30 AM

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The facilities in Koi Prima looks good!!!
RChoong
post Jan 7 2012, 11:12 AM

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QUOTE(hornbill_78 @ Jan 7 2012, 10:20 AM)
For own stay should be OK but not for investment.
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Why not for investment ler? hmm.gif

Chris Chew
post Jan 7 2012, 03:48 PM

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QUOTE(RChoong @ Jan 7 2012, 11:12 AM)
Why not for investment ler?  hmm.gif
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Actually it is hard to define. There are pro and con but feel there are a lot of rooms for improvement. As the area is developing as LRT and Tesco is going there.

It's not easy to find project below 400k with such 10% discount, 2 carparks, freebies n etc in this BBB mode season. The other project I found was Parklane OUG but 4k units.

For Tmn Puchong Prima, RM 320 -350 psf might look expensive as at today but after VP in 2015, the successful of the township will much rely on the commercialize on that site. As majority of projects selling RM 400 and above psf, what they expected to sell after 2015? RM 500 above? Or RM 550?

Every investment has it risk and the biggest concern would be after 2015, there are estimated 10k units would be VP. Who has the best holding power?
2012 is a expected slow season in property.


RChoong
post Jan 8 2012, 11:07 AM

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QUOTE(Chris Chew @ Jan 7 2012, 03:48 PM)
Actually it is hard to define. There are pro and con but feel there are a lot of rooms for improvement. As the area is developing as LRT and Tesco is going there.

It's not easy to find project below 400k with such 10% discount, 2 carparks, freebies n etc in this BBB mode season. The other project I found was Parklane OUG but 4k units.

For Tmn Puchong Prima, RM 320 -350 psf might look expensive as at today but after VP in 2015, the successful of the township will much rely on the commercialize on that site. As majority of projects selling RM 400 and above psf, what they expected to sell after 2015? RM 500 above? Or RM 550?

Every investment has it risk and the biggest concern would be after 2015, there are estimated 10k units would be VP. Who has the best holding power?
2012 is a expected slow season in property.
*
erm... hmm.gif What is VP ya?


Added on January 8, 2012, 11:09 amhttp://putraprimapuchong.blogspot.com/2011/11/putra-industrial-park-by-tanming-berhad.html


The land next to Koi Prima, beside the Highway will be developed as Putra Industrial Park by Tanming Berhad.

Anyone has any concern on this? I mean, any good or bad effect on Koi Prima residential area?


Added on January 8, 2012, 11:14 am
QUOTE(Chris Chew @ Jan 7 2012, 03:48 PM)
Actually it is hard to define. There are pro and con but feel there are a lot of rooms for improvement. As the area is developing as LRT and Tesco is going there.

It's not easy to find project below 400k with such 10% discount, 2 carparks, freebies n etc in this BBB mode season. The other project I found was Parklane OUG but 4k units.

For Tmn Puchong Prima, RM 320 -350 psf might look expensive as at today but after VP in 2015, the successful of the township will much rely on the commercialize on that site. As majority of projects selling RM 400 and above psf, what they expected to sell after 2015? RM 500 above? Or RM 550?

My thought of buying Koi Prima also same. After discount it's just ard 320k, still got room for improvement if the Taman Mas area is developed well.... Will it developed well? With Calisa Entering, Putra Industrial Park and Puchong I-Hub there?



But the nearest LRT station will be at Kampung Seri Aman Hilir (Station 12), which has some distance from Taman Mas, u need to drive there or provided shuttle bus is operating lo...

This post has been edited by RChoong: Jan 8 2012, 11:14 AM
chwlim
post Jan 9 2012, 10:30 AM

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QUOTE(Chris Chew @ Jan 6 2012, 08:13 PM)
For service apartment price range from RM 340k to 400k and size from 11XX, i thionk RM 0.20 should be still okay because majority is RM 0.25 and above.

My biggest concern would be the title is under Taman Mas, Sepang. I need to check this out or else, i probably cancel my unit.
*
Mind to share the concern? I believe the property price will be affected by the overall development around the area itself and not by the state/city.


Added on January 9, 2012, 10:49 am
QUOTE(RChoong @ Jan 8 2012, 11:07 AM)
erm...  hmm.gif  What is VP ya?


Added on January 8, 2012, 11:09 amhttp://putraprimapuchong.blogspot.com/2011/11/putra-industrial-park-by-tanming-berhad.html
The land next to Koi Prima, beside the Highway will be developed as Putra Industrial Park by Tanming Berhad.

Anyone has any concern on this? I mean, any good or bad effect on Koi Prima residential area?


Added on January 8, 2012, 11:14 am
My thought of buying Koi Prima also same. After discount it's just ard 320k, still got room for improvement if the Taman Mas area is developed well.... Will it developed well? With Calisa Entering, Putra Industrial Park and Puchong I-Hub there?
But the nearest LRT station will be at Kampung Seri Aman Hilir (Station 12), which has some distance from Taman Mas, u need to drive there or provided shuttle bus is operating lo...
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To me, near but not walking distance to LRT, shopping complex or any famous hotspot is even better. You may found many low cost residence being built nearby, causing jam and not peaceful to your residence area due to a lot of local and foreign workers who stay nearby for the convenience of walking distance they prefer to their work places and LRT station for example.

For sharing, I have a friend who is staying in a condo which is located at walking distance to LRT. The residence area is almost full with tenant and even foreign students and workers. As a result they have to bear the noise at night sometime, and not comfortable to walk alone in the carpark at night. The worst is the dirtiness brought by them, as majority of such tenant does not taking care of the facilities, causing the lifts are dirty and smelly. Cant imagine a condo type property is having such actual condition. About the price? Yeah it is good...for those investor sure it is good margin; for those staying in the condo...nightmare everyday. Wonder why even foreign worker can afford to rent a unit at such a high price? Y not? They owaz group in 10 or more in a unit which is just 1k+ sft....

If you buy the property for investment purpose, perhaps you need not to worry about this; however if you are buying for your own stay, think twice if you wish your residence area to be peace, quiet and clean.



This post has been edited by chwlim: Jan 9 2012, 10:49 AM
RChoong
post Jan 9 2012, 03:51 PM

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QUOTE(chwlim @ Jan 9 2012, 10:30 AM)
Mind to share the concern? I believe the property price will be affected by the overall development around the area itself and not by the state/city.


Added on January 9, 2012, 10:49 am

To me, near but not walking distance to LRT, shopping complex or any famous hotspot is even better. You may found many low cost residence being built nearby, causing jam and not peaceful to your residence area due to a lot of local and foreign workers who stay nearby for the convenience of walking distance they prefer to their work places and LRT station for example.

For sharing, I have a friend who is staying in a condo which is located at walking distance to LRT. The residence area is almost full with tenant and even foreign students and workers. As a result they have to bear the noise at night sometime, and not comfortable to walk alone in the carpark at night. The worst is the dirtiness brought by them, as majority of such tenant does not taking care of the facilities, causing the lifts are dirty and smelly. Cant imagine a condo type property is having such actual condition. About the price? Yeah it is good...for those investor sure it is good margin; for those staying in the condo...nightmare everyday. Wonder why even foreign worker can afford to rent a unit at such a high price? Y not? They owaz group in 10 or more in a unit which is just 1k+ sft....

If you buy the property for investment purpose, perhaps you need not to worry about this; however if you are buying for your own stay, think twice if you wish your residence area to be peace, quiet and clean.
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Good point!! rclxms.gif


Buying as an investment. Am thinking about the development at that area. Because the front part of Taman Mas will be Calissa, middle there Koi Prima (with Tennis court and park), then further in will be industrial park.

Some frd pointed out that actually can rent to the supervisor and above level tenants for Koi Prima. Well, anybody knows when will the industrial park kick start?
hornbill_78
post Jan 9 2012, 05:20 PM

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indstruies area will create more security issues.
Chris Chew
post Jan 9 2012, 06:32 PM

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QUOTE(chwlim @ Jan 9 2012, 10:30 AM)
Mind to share the concern? I believe the property price will be affected by the overall development around the area itself and not by the state/city.


Added on January 9, 2012, 10:49 am

To me, near but not walking distance to LRT, shopping complex or any famous hotspot is even better. You may found many low cost residence being built nearby, causing jam and not peaceful to your residence area due to a lot of local and foreign workers who stay nearby for the convenience of walking distance they prefer to their work places and LRT station for example.

For sharing, I have a friend who is staying in a condo which is located at walking distance to LRT. The residence area is almost full with tenant and even foreign students and workers. As a result they have to bear the noise at night sometime, and not comfortable to walk alone in the carpark at night. The worst is the dirtiness brought by them, as majority of such tenant does not taking care of the facilities, causing the lifts are dirty and smelly. Cant imagine a condo type property is having such actual condition. About the price? Yeah it is good...for those investor sure it is good margin; for those staying in the condo...nightmare everyday. Wonder why even foreign worker can afford to rent a unit at such a high price? Y not? They owaz group in 10 or more in a unit which is just 1k+ sft....

If you buy the property for investment purpose, perhaps you need not to worry about this; however if you are buying for your own stay, think twice if you wish your residence area to be peace, quiet and clean.
*
My concern is, i havent find a time to travel the site to take a look and the area is too new and deep into it. Like you all say, too many flats and factories are there.

However, i have nothing to object since i bought at 320k after 10% discount, 2 car parks, 2 air cons and kitchen cabinet ... somemore within Puchong area. The biggest shout is 10% discount says it all. And future development of The Wharf, Calissa, Giant, Tesco Plus as well as LRT is 1.9km away from Koi Prima.

I would see the how good is the Phase 2 sales going on first, which is about 50-60% sold now. The price had increased from RM 370-410k and if Phase 2 is a successful, i will keep my Phase 1 unit. Bcz paper gain had increased RM 20-30k!

My other concern would be how much they going to sell for Phase 3 then, heard increase by another 5-10% again, but expected to launch this year end. If 5-10% increase means, btw RM 450k-500k!

Wow, i seriously admit this is a bit expensive for a 1100 units project. How is Phase 4 by then?
RChoong
post Jan 9 2012, 11:24 PM

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QUOTE(Chris Chew @ Jan 9 2012, 06:32 PM)
My concern is, i havent find a time to travel the site to take a look and the area is too new and deep into it. Like you all say, too many flats and factories are there.

However, i have nothing to object since i bought at 320k after 10% discount, 2 car parks, 2 air cons and kitchen cabinet ... somemore within Puchong area. The biggest shout is 10% discount says it all. And future development of The Wharf, Calissa, Giant, Tesco Plus as well as LRT is 1.9km away from Koi Prima.

I would see the how good is the Phase 2 sales going on first, which is about 50-60% sold now. The price had increased from RM 370-410k and if Phase 2 is a successful, i will keep my Phase 1 unit.  Bcz paper gain had increased RM 20-30k!

My other concern would be how much they going to sell for Phase 3 then, heard increase by another 5-10% again, but expected to launch this year end. If 5-10% increase means, btw RM 450k-500k!

Wow, i seriously admit this is a bit expensive for a 1100 units project. How is Phase 4 by then?
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The area must 炒旺, but the 旺区 is outside Taman Mas, which is aroung Taman Tasik Prima, Taman Ouchong Utama there...


If you look at the google map and do a little bit study on the next 5 years development, our area (Taman Mas) 旺 is because kawasan perindustian, not the tesco, carrefour etc.... How to sell 400k ler?

The tennis courts and residential garden is a good selling point, hope the residents at Putra Prima Utama will come over and play?

This post has been edited by RChoong: Jan 9 2012, 11:35 PM
Chris Chew
post Jan 9 2012, 11:49 PM

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Hmm. I seriously never study the area much bcz at RM 320 psf and easy entry, I just take the gamble. but I just believe in next 3-4 years, the area has potential.

Tesco and LRT would not simply go there. They must have been do more survey than us. Ex. What is The Zest 3 years ago? Only selling at RM 200+ Ono psf. See now, so many owners selling RM 400,420 or 460 psf. Is BK9 a very good location? It's depends too and every area has it market.

My simple thought would be there are no much newly completed property by 2015 can sell below RM 400 psf due to current launch already more than 420 psf. And if Koi Prima isn't as classy as others like Zefer or etc, it can sell at RM 400 psf.


elchico
post Jan 10 2012, 12:55 AM

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Hi, anyone can share who is their SPA lawyer from developer? Have they contacted you guys to sign the SPA? Is it FARN?

This post has been edited by elchico: Jan 10 2012, 12:57 AM
amarah
post Jan 10 2012, 02:47 AM

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I'm thinking to buy a unit here but still kinda in dilemma is this project is good or not for investment, renting wise,and most is, am i still be able to get 90% financial as I already own 2 properties plus a car to pay every month...
chwlim
post Jan 10 2012, 10:08 AM

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QUOTE(Chris Chew @ Jan 9 2012, 11:49 PM)
Hmm. I seriously never study the area much bcz at RM 320 psf and easy entry, I just take the gamble. but I just believe in next 3-4 years, the area has potential.

Tesco and LRT would not simply go there. They must have been do more survey than us. Ex. What is The Zest 3 years ago? Only selling at RM 200+ Ono psf. See now, so many owners selling RM 400,420 or 460 psf. Is BK9 a very good location? It's depends too and every area has it market.

My simple thought would be there are no much newly completed property by 2015 can sell below RM 400 psf due to current launch already more than 420 psf. And if Koi Prima isn't as classy as others like Zefer or etc, it can sell at RM 400 psf.
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Agree....It is fair anyway. If now you already can see around Taman Mas is greatly developed, with many facilities, shop lots, banks and etc around it, do you think the developer will still sell it lower than RM400 psf.

Put it this way, if you are going to buy a property (regardless for own stay or investment) and you want to see the return immediately, it is kinda hard as there is no such big frog jumping across the street. For investor, this is the challenging part as every investor has different thought in putting their investment. Hence this result in some investor success and some may not.

Again, if this unit is for own stay, it should be quite a good unit with attractive price and facilities.
hornbill_78
post Jan 10 2012, 01:59 PM

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I will consider buy other area if you willing to top a bit budget feel more secured

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