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Investment TTDI ASCENCIA [MRT PROPERTY] [OWNERS' THREAD], Serviced Apartment coming to Taman Tun

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urb7
post Feb 4 2018, 09:57 PM

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QUOTE(innsean @ Feb 4 2018, 11:08 AM)
there's stilll a number of developer's unit available
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What's the asking price ?
likom
post Jan 5 2019, 11:53 PM

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So far any further updates for this project? Like occupancies, ROI and etc ? Like like not much second hand transaction in last few years...Interesting...Thanks for any feedback.
chinhong60
post Mar 18 2019, 10:22 PM

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Looking to rent in this condo, pm me if you have unit to rent out, prefer at least 2 room and 2 bath, thanks.
Bjorn1688
post Apr 17 2019, 02:19 AM

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Does anyone know why this condo has so low occupancy rates? Been around this area last few days thinking of putting money into 2 Glomac projects and noticed this one, impressive facade but hardly see any activity going on?

Any particular reasons there are plenty of subsale on offer but hardly any transacted?

Thought being a TTDI address and probably one of the nearest walking distance of any condo to the mrt station that this one would be hot cakes.

Wonder if this is an actual real world indicator that there are misplaced optimism in properties near MRT stations?
Babizz
post Apr 17 2019, 06:56 AM

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QUOTE(Bjorn1688 @ Apr 16 2019, 12:19 PM)
Does anyone know why this condo has so low occupancy rates? Been around this area last few days thinking of putting money into 2 Glomac projects and noticed this one, impressive facade but hardly see any activity going on?

Any particular reasons there are plenty of subsale on offer but hardly any transacted?

Thought being a TTDI address and probably one of the nearest walking distance of any condo to the mrt station that this one would be hot cakes.

Wonder if this is an actual real world indicator that there are misplaced optimism in properties near MRT stations?
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understand from a friend who has lived in an airbnb there that everything in this condo is very limited. facilities etc are small and there's an overall funny feeling of the whole place.

Also MRT is overhyped at this price point, Pavi DH owners will see the same. Even GLO next door rental is not very high but demand is there.

DesRed
post Apr 17 2019, 10:31 AM

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QUOTE(Bjorn1688 @ Apr 17 2019, 02:19 AM)
Does anyone know why this condo has so low occupancy rates? Been around this area last few days thinking of putting money into 2 Glomac projects and noticed this one, impressive facade but hardly see any activity going on?

Any particular reasons there are plenty of subsale on offer but hardly any transacted?

Thought being a TTDI address and probably one of the nearest walking distance of any condo to the mrt station that this one would be hot cakes.

Wonder if this is an actual real world indicator that there are misplaced optimism in properties near MRT stations?
*
Your guess is as good as mine. I also noticed very little activity with this condo whenever I pass by there towards the bakery cum cafe at TTDI or heading towards 1U or IKEA Damansara.

I remember 2 years back when this project was nearing completion, I went to its sales gallery to take a look at it. By then, almost all of the units are sold out, save for a handful 2 or 3 floors above the facilities and 1 or 2 scattered units on the higher floor. By then the developer was already promoting TTDI Segaris.

Thought that expats, or wealthier tenants, would rent there, given how close it is to the MRT entrance. And those who bought for own-stay might be those who take the public transport, unless they don't? hmm.gif
Bjorn1688
post Apr 17 2019, 06:01 PM

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QUOTE(Babizz @ Apr 17 2019, 06:56 AM)
understand from a friend who has lived in an airbnb there that everything in this condo is very limited. facilities etc are small and there's an overall funny feeling of the whole place.

Also MRT is overhyped at this price point, Pavi DH owners will see the same. Even GLO next door rental is not very high but demand is there.
*
I believe the MRT will only good for commercial premises not residential at this price point and quite possibly anywhere between RM700k and RM800k onward it starts becoming less important, for now at least, things might just change if there are entry restrictions into the city.

What type of funny feeling was it?

GDR seemed equally dead. I did take a look at units at several floors here. One thing that was absent? I did not hear any renovations going on. Car park seemed mostly empty too. Was told by the REA that showed me around that many units are on the market and some can be had for below SAP price. Rental doesn't look good here, the unit I went to see the owner was willing to take RM1800 which is really low.

QUOTE(DesRed @ Apr 17 2019, 10:31 AM)
Your guess is as good as mine. I also noticed very little activity with this condo whenever I pass by there towards the bakery cum cafe at TTDI or heading towards 1U or IKEA Damansara.

I remember 2 years back when this project was nearing completion, I went to its sales gallery to take a look at it. By then, almost all of the units are sold out, save for a handful 2 or 3 floors above the facilities and 1 or 2 scattered units on the higher floor. By then the developer was already promoting TTDI Segaris.

Thought that expats, or wealthier tenants, would rent there, given how close it is to the MRT entrance. And those who bought for own-stay might be those who take the public transport, unless they don't? hmm.gif
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Not sure what's the deal, earlier went to take a look at 2 units. 1 was a bare unit and the other has had a full ID treatment.

The carpark was mostly spotless and mostly empty. It painted a picture that no one was living there. Felt a bit creepy.

The one with the ID has been empty since the ID work was completed. Supposedly nearly RM200k was spent on it. According to the REA it had 1 enquiry but 0 viewing, owner now wants to let go as originally from RM7k per month, it was reduced all the way down to RM4.5k and that's when there was 1 enquiry.

The bare unit, had a thick layer of dust on the floor. Last time someone came for a viewing was 6 months ago it seems but did not make any offer.

Funny that, the REA that showed me the place she must have sensed I wasn't keen on parting she quickly tried to sell me a unit at The Green and DPC instead.

Seems most expats have turned this place down with most who rely on MRT preferring The Greens or The Residence.
A.B.D.
post Apr 18 2019, 09:54 AM

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in 2011 it was launched at RM1k+ psf, but it does have excellent mrt access compared to other condos in the area. but the low occupancy and near graveyard combination, people will close their mind to it unless very low price. seems this project only the developer win big.
JasonTheGreat
post Apr 18 2019, 09:59 AM

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QUOTE(Bjorn1688 @ Apr 17 2019, 06:01 PM)
I believe the MRT will only good for commercial premises not residential at this price point and quite possibly anywhere between RM700k and RM800k onward it starts becoming less important, for now at least, things might just change if there are entry restrictions into the city.

What type of funny feeling was it?

GDR seemed equally dead. I did take a look at units at several floors here. One thing that was absent? I did not hear any renovations going on. Car park seemed mostly empty too. Was told by the REA that showed me around that many units are on the market and some can be had for below SAP price. Rental doesn't look good here, the unit I went to see the owner was willing to take RM1800 which is really low.
Not sure what's the deal, earlier went to take a look at 2 units. 1 was a bare unit and the other has had a full ID treatment.

The carpark was mostly spotless and mostly empty. It painted a picture that no one was living there. Felt a bit creepy.

The one with the ID has been empty since the ID work was completed. Supposedly nearly RM200k was spent on it. According to the REA it had 1 enquiry but 0 viewing, owner now wants to let go as originally from RM7k per month, it was reduced all the way down to RM4.5k and that's when there was 1 enquiry.

The bare unit, had a thick layer of dust on the floor. Last time someone came for a viewing was 6 months ago it seems but did not make any offer.

Funny that, the REA that showed me the place she must have sensed I wasn't keen on parting she quickly tried to sell me a unit at The Green and DPC instead.

Seems most expats have turned this place down with most who rely on MRT preferring The Greens or The Residence.
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No doubt LRT is convenient. But since there is socar I noticed the cars are always occupied at expat areas
Bjorn1688
post Apr 18 2019, 12:19 PM

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QUOTE(A.B.D. @ Apr 18 2019, 09:54 AM)
in 2011 it was launched at RM1k+ psf, but it does have excellent mrt access compared to other condos in the area. but the low occupancy and near graveyard combination, people will close their mind to it unless very low price. seems this project only the developer win big.
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RM1k+psf??????

What did buyers see when putting that kind of money into this? You could buy many KLCC properties for less in 2011.

QUOTE(JasonTheGreat @ Apr 18 2019, 09:59 AM)
No doubt LRT is convenient. But since there is socar I noticed the cars are always occupied at expat areas
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Yes car share programs are very popular among expats these days. However it isn't their everyday mode usually.
TSaccetera
post Apr 18 2019, 12:23 PM

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The gross was about RM1,400 psf the last time I checked 2 years ago.
A.B.D.
post Apr 18 2019, 02:02 PM

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QUOTE(Bjorn1688 @ Apr 18 2019, 12:19 PM)
RM1k+psf??????

What did buyers see when putting that kind of money into this? You could buy many KLCC properties for less in 2011.
Yes car share programs are very popular among expats these days. However it isn't their everyday mode usually.
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it was 2011, right in the middle of property price boom like +10% per year, banks were encouraging borrowing, dibs still in practice, MRT was a new BIG thing, govt grip on power was solid and stable, 1mdb and other problems still covered and govt insist we were on track to become high income nation

so property speculators/gamblers seriously expected this property appreciating to RM2k psf in near future, especially small size unit and closest to MRT which is also a free bridge to other side of ttdi where there's supermarket and market

must congratulate naza ttdi, they managed to sell off at a super premium an almost triangle land (some say not good FS) next to graveyard and busy main road and train track
A.B.D.
post Apr 18 2019, 02:17 PM

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i still think its a great place for young hipsters to stay, it's a modern building, they don't care about FS, mrt right at your feet and other public transport too, can connect to the best malls in pj/kl, bridge to the cool ttdi f&b, it can work but the asking rental just don't make sense in our economy.
manicmondays
post Apr 18 2019, 02:27 PM

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I visited this condo. And what was described is accurate. The facilities are very limited even though maintenance is about 60 sen! The parking is horrendous and you can see a lot of scratch marks due to the limited turning space into the car parks.
BigMan123
post Nov 20 2019, 06:49 AM

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Didn’t know much about this project till I watched Sean Fan’s review. Looks good....and was surprised to see it’s premium pricing of more than 1000 psf for that location.
Two5Kid
post Sep 17 2020, 06:58 PM

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Any latest news on this property? Looks like a lot of units on sale at a very high price but not that many transactions.

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