I have the following queries:

1) How much is the projected price psf?
2) Is the land located in Selangor or KL? I think that location is under Selangor
3) The graveyard is quite near the development so most of the units with the so called 'city' view is actually facing the graveyard rite?
4) Launch date? Demand so far?

Any updates?

Not everywhere in TTDI is rezab la. Only a few areas. Most is open areas. Anyway, this new condo is not in TTDI. They are just using the name TTDI to boost prices.

Sometimes its not about how high it can go but how it sustains. Places like Mont Kiara already starting to drop.

Not really true. If for own stay, you can stay almost anywhere. But if ure looking at investment there are 2 types

1) Capital appreciation
2) Rental yield

KLCC & Mont Kiara areas are now experiencing a glut and rental returns have been dropping since last year. For rental investment, its advisable to avoid areas which are facing a glut. Rental will not be competitive. Plus there's always a risk of capital depreciation which mature areas dont experience.

TTDI area may not give you good rental returns but capital appreciation is quite good and stable. Same with areas like Bangsar and Bandar Utama. These are stable areas and prices rarely drop. It may stagnate like whats happening now but a drop is unlikely unless the economy is really bad.

Applies to both. Its dependant on the area. Landed properties have more room for appreciation while there are limitations for condos especially when the age of the development increases. But as far as TTDI is concerned, many condos have appreciated considerably over the years while some have stagnated or even dropped. I bought a unit in TTDI in 2009 for 470K and today its worth about 790K based on actual transactions. The bank evaluates it around 700K+ which is the norm for them to be cautious as per BNM rulings.

This post has been edited by cybermaster98: Oct 16 2012, 02:27 PM

Not just MRT but its also leveraging on the name 'TTDI' although the project is not in TTDI. In fact the project is located in Selangor and not KL. Original TTDI located opposite is in KL.

But RM 1,000 psf is really high. It would be crazy to invest in this project. Prospects for signifacant capital gain is minimal.

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Added on October 29, 2012, 8:32 amThis aint TTDI. Its opposite TTDI. Naza is merely using TTDI to boost sale prices.

This post has been edited by cybermaster98: Oct 29 2012, 08:32 AM

I would rather buy subsale units in existing condos in TTDI itself e.g Kiara Park, etc which are priced <RM600 psf only. Better location than TTDI Ascencia. How many ppl who can afford a RM1,000 psf price will be taking this MRT anyway? Besides the MRT station, everything else would need you to cross the Sprint highway and go into TTDI. Same when returning. In addition to this, the road in front of Ascencia is always clogged during peak hours. The MRT station nearby might make things worse.

Really? I didnt know that. But why would they call it Glomac Damansara if its in TTDI?

Damansara fetches higher premium than TTDI name? Except for Damansara Heights, i dont see any other 'Damansara' getting better property prices than TTDI KL.

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Added on November 5, 2012, 9:46 amEither way, i dont think a price tag of RM 1,000 psf would give you much margin for capital appreciation in the near future. I just bought 2 condo units at Kiara Residence 2, Bukit Jalil over the weekend. At only RM435 psf (after discount), its got alot more room for appreciation i think. Other upcoming condo's in the vicinity are all priced >RM500 psf.

This post has been edited by cybermaster98: Nov 5 2012, 09:46 AM

If sales are bad, you can be sure that the developer would be offering discounts in the future. Sales of only 20% in the opening week is poor by any standards. Naza TTDI deserve it. They think that everybody is stupid to blindly believe that just cuz they put 'TTDI' in the name, then ppl will blindly buy? Im from TTDI and many property agents are saying that 1,000 psf for an area off TTDI is too high even with a MRT station nearby.

I say boycott this development until Naza TTDI start offering some realistic discounts.

My units are 1457 sq ft and the price tag of RM 435 psf is the price i bought at 3 weeks ago. This price is after the 7% developer discount but now that discount has been discontinued effective early last week. So the price for the remaining units is currently RM 468 psf.

(P/S: Im refering to units located on the 15th floor)

Based on my experience with property developers and visiting property launches, i would never trust the sales chart totally.

Dead place. Capital appreciation minimal.

My uncle who lives in TTDI bought and sold a unit there. I also live in TTDI and have 2 properties here. What's the occupancy rate of TTDI Plaza now? Im refering to actual residents.

Exactly! Even though im TTDI resident, but i surely wont invest at this crazy price. Plus its not even within TTDI. Its located opposite TTDI near the graveyard. Naza thought they could use the name 'TTDI' to price it at RM 1,000 psf. Serves them right! Plus maintenance at RM 0.48 psf. Do they think people are stupid ah?

I called the office just now and was told only about 30 units sold so far out of the 157 units. They are offering 5% discount plus free SPA & legal fees. Cheapest 540 sq ft unit costs about RM 550K. Crazy!

I paid RM 633K for a 1457 sf unit on the 15th floor at Kiara Residence 2, Bukit Jalil and it comes with 3 carparks and partly furnished.

Assuming a similar size unit exists at Ascensia, it would cost almost RM 1.38 million (after the 5% discount) on the 1st floor. A 15th floor unit would cost an additional 70K since each floor increases by about 5K. That takes the total price to RM 1.45 mil. That's about 2.3X more expensive.

If anybody thinks this is a good deal, i would

Read carefully. Kiara Residence is due for completion end 2015. Its not 'old'.

Quality and concept arent major factors which influence pricing. The biggest factor that influences property pricing is location. RM 1,000 psf is not TTDI pricing and surely not for Ascencia which isn't even located in TTDI itself.

Investors are more focussed on margin of appreciation. At 1,000 psf, the margin for future appreciation is small as compared to properties in the 500 psf bracket. Yes im well aware of the importance of location. But there are many areas which give bigger room for capital appreciation than TTDI. TTDI is a residential area not a business centre.

And yes im quite aware of property prices in TTDI. I owe 2 properties here. But decided on buying my 3rd & 4th units in Bukit Jalil due to the location, business centre and future growth plans.

Yes im from TTDI and the talk of the town is that the feng shui here is bad. Thats why even businesses are suffering. I used to visit my uncle who had a unit at TTDI Plaza condo and although im not superstitious, but the whole area is really creapy. My uncle finally sold his condo there. Made a small profit only. They had big plans for TTDI Plaza area but even with the Naza Group as the main anchor tenant here but still area failed to take off.

Some of the better units at Kiara Park Condo, TTDI are going for about 580 psf although the condo is almost 20 yrs old.