QUOTE(yoki @ Feb 10 2012, 02:17 PM)
it is overprice relative to puchong properties, including some extend Bandar kinrara too
bro, may i know what is the % take up rate of lyden, from here, can see whether the price point is it acceptible for the masses
this is a leasehold development, prices for the land itself per sf should be lower, already, but if you really like it, it is your choice and ignore what other says..cheers
In relative to Puchong properties, there are not many landed properties for sale and I am referring to new, not sub-sale (even if it is a new unit via sub-sale).
I work for a developer in Puchong. Our 2-Storey 22x75 is 2,350 sqft built-up, which is selling for RM688,000. That works out to RM292 per sqft. Ours is freehold. And I can tell you, that is consider cheap, that's why our take up rate is fast. On a personal note, I must say that our design is very old fashioned. I bought one during their initial launch at RM548k. Now agents are looking for me to sell at RM750k. I'd rather pay 30k extra even if it is leasehold. Don't think I'll live past 100 right?
16 Sierra 22x75 is 2,466 sqft selling for RM780,000, which works out to RM316 per sqft. Their 22x80 is 2,668 per sqft selling for RM830,000. That's RM311 per sqft. This is leasehold.
But trust me when I say the environment at our development do not give you the homely feel. Yet, our next phase which is yet another 22x75 will be selling past RM720k I am sure since current one is already RM688k. And when you look at the finishes that comes with our property, it falls short in many area in comparison to 16 Sierra. Sure, the savings from buying a cheaper home can be used to renovate to make it homely. But for me, a home is much the environment and township planning as much as it is the home itself. Our infra are provided via overhead services and 16 Sierra is all underground. That in itself is a big plus point for me.
Bandar Kinrara current launch for 22x75 is RM680,000, which works out to RM279 per sq ft. Good deal. Needless to say, I&P or Mah Sing developments in Kinrara are priced way higher than many others.
The take up rate at Lyden I am not too sure. The point is, most developers are riding on the wave of increase in property prices. A developer would not want to sell their property at RM500-600k when market is already way above that. It makes no sense.
Therefor, we end users are at the losing end for sure. Perhaps you can enlighten us on which other development there are within Puchong that you are comparing with? I too would like to know. If people are looking as an investor point of view, then Lyden may not be your cup of tea.
The bubble that everyone is hyping about for the past 1 year is still not bursting. I am not saying 16 Sierra will be like Desa Parkcity. I am merely saying that they try to emulate it by establishing a contained township, minus the high monthly maintenance fees which DSP owners are paying.