I guess that's the issue. Many use the reason of location being closer to their work area for buying a property. But are we certain to be working in a company for the rest of our lives? Most people in their 30's would probably be job hopping. Like you said, you & your wife work in KL. But now, you have to go Shah Alam.

I just only bought Lyden a week ago. Yes, pricey. But given the prices of 2 Storey houses these days, the environment and planning of the township is what attracted me. And I'm referring to new landed properties. I am currently staying in a condo in Taman Midah for the past 5 years. I'm done with paying maintenance. The 6 monthly DBKL assessment is double that of a house assessment. Traffic within a condo area is a nightmare, especially if you have more than 1 or 2 cars.

I can't find anything else within the same price range for the built up and environment. It's 5 minutes to my office but that wasn't the reason because my company are looking to develop elsewhere once our land bank here runs out. Yes, I'm working for a developer in Puchong as well.

I think you are confused with properties built by Hap Seng and properties built by IOI Properties. And with regards to high/low terrain, this can easily be overcome by proper infrastructure planning and design, which so far, 16 Sierra seems to be doing.

I reckon 16 Sierra is trying to emulate Desa Parkcity. After Lyden, apparently all other developments will be 3 storey superlinks, semi-ds,, bungalows & commercials. If I don't buy the 2 storey now at 16 Sierra, I won't be able to afford the future launches.

This post has been edited by matthewctj: Feb 10 2012, 12:40 PM

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.

When you sign up to purchase, all purchasers are made to sign this document stating that you it is mandatory for every unit to pay a certain fee which is to be decided upon by the committee for the services of guards. With that document, it is a legal obligation that the owner or tenant pays his/her share. Let me see tonight if I can find out what is the title of the document. How much of course will be determined later when we determine which security services are engaged. Yes, if all owners decide against paying, then there will be no guards though I think that is quite unlikely. Even cheaper residential areas are doing so. I hope Lyden purchasers are not that stingy lol

I am paying over RM200+ and I heard it will go up further this year. I would say at Lyden, the rate probably would not be that high. Of course the convenience of not carrying a load of stuff up and down a condo is a factor as well.

Their earlier double storey house project which I recall sold for RM448,900, I called one of the agents up, they are asking for RM700k+ sub sale recently. And I noticed they already have guards now that residents have moved in. Not too sure whether the guards are from IOI or not. But I was told we can use their existing guard services or choose our own security firm. Can't remember if I heard it correctly or not.

As for appreciation, honestly, I really don't know. Even for myself who has been working for a developer for the past 9 years, I can't tell. Analyst keeps saying prices will go up a further 10-15% this year. But how sustainable that is, that remains to be seen. All I know is, our upcoming project would be in the region of under RM750k, and the built up isn't as large as Lyden's 22x75. The only plus point to ours is it's freehold and our price in comparison to other developers. That's why it sell.

That news just means bad news for end users like us who wants to buy landed properties without being too far from our ideal location.

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Added on February 14, 2012, 9:25 amI was told otherwise. Home alarm is stand alone. Not linked to guard house. It comes with guardhouse, but the guards are not provided free. The owners will have to pay for it, be it by using IOI services or by engaging our own security firm.

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Added on February 14, 2012, 9:30 amWell, as for me I bought it not for investment but as a home. Overpriced? Yes when compared to 1-2 years back. If you ask me, all properties are overpriced now coz every developer is following the trend. If it's for investment, indeed, look elsewhere.

This post has been edited by matthewctj: Feb 14 2012, 09:30 AM

FYI, rise in material pricing is not in tandem with rise in pricing of properties. Land is scarce. Those closer to KL are left with small pocket of lands. And no developer will develop link houses in those small pockets. Bungalows and Semi-D's profit margin is better.

Thus we are left with those getting further and further away. Sighhh ...

10km only is quite near. But what seems to be the issue with 80% as non-bumis? I think that being Strata titled, there probably wouldn't be any dogs permitted within the house rules. This is assuming you are Muslim lah. When I was staying in Taman Melawati, my right neighbour was a Malay. 2 houses away on my left is also a Malay. We lived in harmony and didn't seem to have any issues at all.

Perhaps you can enlighten us. I hope politics have not blinded you so much that we can't even live together in a community. I thought that only exists within the politicians.

I don't even know how this is related to 16 Sierra

I'm 38 now, by the time the lease expires, I'll be long gone. Even if I sell at the age of 60 or 70, there is still 60+/- years. The property price will hold unless the property market or the nation economy collapses.

As for those who plans to pass on to their kids, in my experience, everyone will move house at least twice in their life time. One is to move out from parents home, second is to upgrade if career moves up. My mum's single storey home which she has been staying since 1979 has been sold 1 year ago. She now lives in a DSLH. That's 32 years in a home which I grew up in. I moved out from there in 2006 to a condo. And next year hopefully, I can move in to 16 Sierra when it is ready

My opinions are for home stay lah. Anyone who is in it for investment, then I can't say if it will appreciate and if it does, what is the margin.

This post has been edited by matthewctj: Mar 22 2012, 09:40 AM

Hopefully. I don't think there are many Lyden buyers in here? If there are, hopefully we can create another community thread like Odora eventually. Though it will be at least a year and a half to go, I'm excited ...

Not all properties are everyone's cup of tea. It appeals to some and it doesn't to others. I'm more interested to those who bought for home stay, not investment. The excuse of leasehold is old and is not relevant to many and my generation these days who seek properties in KL/S'gor. Those older than me by more than 10 years keeps harping on freehold/leasehold which I don't blame them. Their era have different train of thoughts I guess.

You can't do a comparison like that. The design is different, the township planning is different, the specifications are different and the list goes on. Bandar Puteri from what I've heard, most of the the completed 22x75 are also pushing beyond RM850k already. Yet their built up is smaller, without perimeter fencing and etc.

Believe me, everyone is crying about property prices going up. Even though I bought one, I did so after much considerations to location, design and environment. My only hope is that the area will eventually be something close to DSP, where their initial developments were considered pricy, but now that all the high ends are there, the early adopters are laughing their way to the bank.

Crossing fingers that eventually when 16 Sierra Semi-D/Villa/Bungalows are developed, the existing link/townhouse will appreciate further.

I bought a unit there. Looking forward to completion & hope to move in before CNY 2014 if possible. I believe all we need to pay for is the security once we take over from the developer. Hopefully, the owners there do their part and pay the necessary to ensure a safer environment, even if it not guaranteed.

Now just waiting for the Semi-D@Lyden to catch up on construction. It's about 5 minutes from my workplace and I like the environment there. Good landscaping especially when compared with nearby developments. Makes it very homely. Price may be expensive compared to others, especially when it is leasehold. But what the heck, I'm not gonna be alive when that expires lol ..

I think you meant not friendly to those who has minimal capital outlay but want to maximize total units. Big difference. If a property is sold at RM500k as an example, with 8% rebate, you need RM10k as down payment. If no rebate, you need RM50k. There will be no change in the value of the property. There will be small players, there will be big players. This applies to all developments.

10k or 50k, there are still investors who thinks it has potential to flip or to rent. If someone ONLY has RM50k, I can't tell whether it's a good idea to split the RM50k into 5 different RM500k properties with 8% rebate, which carries more risk or just use it for the 10% down payment. After all, there no guarantees right?

The black issue, what sort of percentage have you heard? Does Odora have issues like this as well? I'm now not too sure whether to move in to Lyden or not when completed. If I am surrounded by them, I'll back out from staying which was my intended purpose when I bought it.

Too much is subjective. To the person who can't afford it or thinks they prefer to buy elsewhere for the same value, of course it is too much. To the person who thinks the location is ideal and can afford it, it may not be too much. Setia Eco Glades link is already starting from RM1.14m during launch although it has bigger built up and F/H. Imagine after completion.

Key handing over will be end of Sept tentatively. Beyond that, they have to pay LAD to the owners in which their SPA is due.

This post has been edited by matthewctj: Sep 11 2013, 02:36 PM

Then go for it. There is always a choice, isn't it. People should buy according to their capability and their preference and not constantly gripe about prices of property. Griping ain't going to bring the prices down.

Furthermore, Eco Glades will only complete in mid/end 2015 I think (maybe I'm wrong). Some people can't wait to buy a home to move in soon. Different homes for different category of people.

Besides, you cannot compare properties of initial construction stage and properties that are due to be completed. When Lyden was launched, it was 780k for 22x75 and 830k for 22x80 if I recall.

This post has been edited by matthewctj: Sep 11 2013, 03:02 PM

Yes, the developer has jacked up the price. I was only referring to when it launched or few months after it. And the griping of price, I wasn't referring to your post I myself personally am considering to sell my corner 2 storey unit for a unit in Eco Glades. Downside would be to wait another 2 years for a landed coz I so want a dog ..

Hell, with the cost of living going up, I might just sell and continue staying in my condo