Investment Window On The Park, By Selangor Dredging Berhad
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 Jul 25 2012, 09:31 AM
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Junior Member
135 posts Joined: Nov 2011  
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QUOTE(poorchinaman @ Jul 25 2012, 12:11 AM) Once completed, don't be greedy, but if u can sell/ let go at RM 580k (compared with current pp of RM 530k and nett pp at RM 477k after discount), u'll still make a handsome return of at least RM 80k after minus off all the incidental cost(RPGT, REA commission, legal fee to redeem loan, etc)... RM 0 for RM 80k... u do the maths... Bro, Look forward on 2015 year,u know how many condo will be completed in cheras?  |
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Jul 25 2012, 09:50 AM
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Junior Member
391 posts Joined: Dec 2011
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QUOTE(dc28yk @ Jul 25 2012, 01:01 AM) =) Booked one. small unit for my daughter.At the moment I dont think anybody from lowyat booked a unit yet.. since no ppl say so also.. |
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Jul 25 2012, 09:59 AM
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Junior Member
74 posts Joined: Jun 2011
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QUOTE(yankicip @ Jul 25 2012, 09:50 AM) Booked one. small unit for my daughter. Congrat!How's sales for this project so far? |
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Jul 25 2012, 10:04 AM
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Senior Member
825 posts Joined: Apr 2012
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QUOTE(yankicip @ Jul 25 2012, 09:50 AM) Booked one. small unit for my daughter. Waaa nice papa....this is for her education fund or "ka chong"?Very lucky kid nonetheless... Felt if can hold on long term ie more than five years, then it's good investment to go into the 916unit...by then this condo buy will look like a steal, congrats.... |
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Jul 25 2012, 10:14 AM
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All Stars
11,943 posts Joined: Mar 2012 From: Kuala Lumpur 
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QUOTE(Vestor @ Jul 25 2012, 10:04 AM) Waaa nice papa....this is for her education fund or "ka chong"? kg baru balakong still got a lot of rich parents hiding. more to mushroom out when even more premium development hit balakong soon.Very lucky kid nonetheless... Felt if can hold on long term ie more than five years, then it's good investment to go into the 916unit...by then this condo buy will look like a steal, congrats.... |
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Jul 25 2012, 10:26 AM
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Senior Member
878 posts Joined: Jun 2009
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QUOTE(poorchinaman @ Jul 25 2012, 12:11 AM) the smallest unit comes with built up area of 916 sq ft from RM 530k up before discount... after discount, psf price is about RM 520 up, this is the most expensive condo in Cheras... but taking into consideration of SDB brand who is a premier & branded developer, the price looks ok... Hope you don't mind me playing the devil's advocate.based on the absolute price after discount (forget about the built up), ie. RM 477k, still the cheapest compared with those landed 2 storey linked house nearby (BTHO, Alam Damai, Damai Perdana, CP, etc)... Hence people will still buy it for own stay as it comes with full condo facilities, extremely tight security system, serene & tranquil environment with 'fantabulous' landscape planning... Guess this project will attract the professional/ medium income group of Gen-Y buyers who always want 'lifestyle', ada gaya, mutu dan keunggulan... As to qualify for a 90% loan (based on 40 yrs tenure), your monthly gross income must be at least RM 6.5k (provided u don't have much commitment)... so u make the call on your quality of your neighborhood... RM 8k, whoever also afford to fork out, but question is, can u get the loan or not? After BN implementation of responsible lending guidelines, FIs will underwrite your loan based on nett income, u do the maths... Added on July 25, 2012, 12:25 amFor the bigger unit, ie. 16xx sq ft up, the absolute price is about RM 830k onwards, u need a minimum monthly gross income of RM 10k to qualify for 90% financing... u can expect the potential buyers group for the larger unit... with the prudent lending practise by FIs, sorry to say that u need to have a very good credit background to be part of the buyers for bigger units, hence my opinion is, unlikely there will be bulk number of loan foreclosure after 3 years... SDB has set a new benchmark in Cheras for condominium prices... if u're confident enough with your repayment capability after 3 years and u've planned wise financially, this is an ok project to invest, especially the smallest unit, ie. 916 sq ft... Once completed, don't be greedy, but if u can sell/ let go at RM 580k (compared with current pp of RM 530k and nett pp at RM 477k after discount), u'll still make a handsome return of at least RM 80k after minus off all the incidental cost(RPGT, REA commission, legal fee to redeem loan, etc)... RM 0 for RM 80k... u do the maths... If an investor trying balance their not to hit 70%ltv, perhaps they would choose carefully a different investment that would be more fruitful and lesser risk of subsale problems for their available investment slot and bullet. The target subsale group of people at this area seems untested and undefined yet. I don't know how many of such smaller units are in block C, but it would seem that competition internally within project and externally with other upcoming projects nearby would be fierce. In reality today, take up rate for subsale around 9xx sqft units in klang valley isn't that great with supply still aplenty. In coming years, there will be an influx of the 9xx sqft or smaller floating for subsale due to a surge of developers trying to do SOHO, SOVO, SxxO to stick in commercial title to avoid 70%ltv limit for investors. I am not saying that you can't sell it at 580k, but it might take longer and really targeting a very small group of potential subsale buyers at this area. Let alone bank being very picky to even qualify them for loan as well. Lets put on the table for discussion: 1) Retired/going-to-retire rich elderly - they have to buy in cash, bank won't loan to them. Or their rich offspring might buy for them. 2) Middle age - wouldn't they prefer a bigger unit to contain the bigger growing family? perhaps landed? 3) Younger workforce - they'll have to get pass the bank first for loan. Loan capacity would be a problem. Also wouldn't they prefer a more happening area than this? 4) High income expat foreigners - If you drive around that area, try to spot one. There is a proposal on cabinet to raise minimum purchase property value for foreign from 500k to 1mil. If this happens in the coming years, 916 sqft will not fit. Bigger units might, but still there isn't any attraction for expat in this area. 5) Rich dads buying units for their sons/daughters - They might be your potential subsale buyer, but the younger ones might have to accept this location first. You don't get many. Yes, DIBS and the 10% discount is quite attractive for entry, but exit strategy must be clear too. Just looking at things from different point of view for healthy discussion. Added on July 25, 2012, 10:30 am QUOTE(yankicip @ Jul 25 2012, 09:50 AM) Booked one. small unit for my daughter. Speak of da devil ..heh.Good for you. This post has been edited by oreomambo: Jul 25 2012, 10:30 AM |
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Jul 25 2012, 10:42 AM
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All Stars
11,943 posts Joined: Mar 2012 From: Kuala Lumpur
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QUOTE(yankicip @ Jul 25 2012, 09:50 AM) Booked one. small unit for my daughter. can share currently rebate offers for non bumi is how much? 2% or 10%? |
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Jul 25 2012, 10:50 AM
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Senior Member
878 posts Joined: Jun 2009
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QUOTE(peri peri @ Jul 25 2012, 10:42 AM) can share currently rebate offers for non bumi is how much? 2% or 10%? Peri, its 10% |
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Jul 25 2012, 10:54 AM
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Senior Member
1,313 posts Joined: Jan 2003 From: klang Valley
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how much is the average psf? can sdb make it...
cheras wor....record breaking wor 800k for a condo, for this address other than attractive entry, what are other pull factors? |
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Jul 25 2012, 10:58 AM
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Junior Member
391 posts Joined: Dec 2011
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QUOTE(peri peri @ Jul 25 2012, 11:42 AM) can share currently rebate offers for non bumi is how much? 2% or 10%? 10% discount 546 psf . I booked apartment not condo . pay 8k for booking la. Ah yes panel bank have dibs |
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Jul 25 2012, 11:56 AM
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All Stars
11,943 posts Joined: Mar 2012 From: Kuala Lumpur
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QUOTE(yoki @ Jul 25 2012, 10:54 AM) how much is the average psf? can sdb make it... matured area and near to future MRT?cheras wor....record breaking wor 800k for a condo, for this address other than attractive entry, what are other pull factors? Added on July 25, 2012, 11:58 am QUOTE(oreomambo @ Jul 25 2012, 10:50 AM) Peri, its 10% hmmm, very tempting, even got dibs, even got half furnished. Hmmmm  This post has been edited by peri peri: Jul 25 2012, 11:58 AM |
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Jul 25 2012, 02:08 PM
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Junior Member
53 posts Joined: Sep 2011
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QUOTE(ryansiow87 @ Jul 25 2012, 09:31 AM) Bro, Look forward on 2015 year,u know how many condo will be completed in cheras? There will be tones, but with such planning, landscape, exclusivity, density, SDB WOTP will be first of its kind. |
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Jul 25 2012, 06:40 PM
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Junior Member
269 posts Joined: Feb 2005
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wow... yankicip rich father spoted!... any single guys in here.. jk
Congras to you. |
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Jul 25 2012, 08:50 PM
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Junior Member
471 posts Joined: May 2010
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QUOTE(yankicip @ Jul 25 2012, 09:50 AM) Booked one. small unit for my daughter. Yan, congrat to your purchase.  How old is your dotter? She fell in love with this project or you? |
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Jul 25 2012, 10:14 PM
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Senior Member
2,211 posts Joined: Aug 2009
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Where is the sales office ? And got show unit see ?
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Jul 26 2012, 10:27 AM
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Senior Member
5,857 posts Joined: Dec 2010
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Another high end Luxury in Bandar Mahkota
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Jul 26 2012, 10:39 AM
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Junior Member
135 posts Joined: Nov 2011
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QUOTE(ecin @ Jul 26 2012, 10:27 AM) what is this condo name? |
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Jul 26 2012, 10:42 AM
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Senior Member
5,857 posts Joined: Dec 2010
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QUOTE(ryansiow87 @ Jul 26 2012, 10:39 AM) what is this condo name? Click the RED color words, it's a hyperlink |
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Jul 26 2012, 10:48 AM
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Senior Member
825 posts Joined: Apr 2012
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Looks like more in the pipeline...SDB could know this well ahead, hence price its WOTP so highly.
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Jul 26 2012, 10:52 AM
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Junior Member
391 posts Joined: Dec 2011
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QUOTE(ahsoh @ Jul 25 2012, 09:50 PM) Yan, congrat to your purchase. She now live @ her in law house nearby . so in future when she have a family in law still can help her to babysit. How old is your dotter? She fell in love with this project or you? Sdb is good developer. While she is still young. this condo at this point of booking paid nothing. i see she and husband will be getting good pay in 3 year time. She also the type that don't ask fama for help type. I think this will force her to save start young. think long term. and as she young the can get max loan at the same time long term sure will beat inflation. |
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