any idea why at affordable price still slow pick up?

has this been opened for booking all these time?

ouch...i read his book few months back but i loaned it to a friend.

mind refreshing my memory how did he describe it?

the future of SSP2 looks very promising, but i'm wondering before the grand plan fully materialized, who are going to rent / stay in the property (mostly 535sf studios)?

interesting package
- developer giving 3% + 7% + 7% (bumi discount)
- if this is your first property, MBSB gives 105% loan (where 5% for MRTA / legal fee). in other words, if you are bumi and this is your first prop, you are making cash by buying this
- very attractive for first time bumi buyer

all studio units are sapu-ed before 12pm

This post has been edited by property101: Feb 12 2013, 05:19 PM

typical price for studio units are 280k-290k before discount

personally it doesnt bother me too much with leasehold. good property will sell and rent regardless leasehold or freehold

the major thing that put me off is the uncertainty of rental demand. the grand master plan looks great, but before the master plan is fully materialized, who is going to pay for the installment?

sales agents keep emphasizing that MNC workers and rich students are all over cyber, but i assure tell you out of 50 MNC workers, maybe, only maybe 1 will stay in cyberjaya simply for affordability and convenience concerns. while for students, there are nearer options around their campus / nearer to cyber town / or even cheaper and more convenient options in equine park so can anyone enlighten me, why would someone pay 1.4k (just for owner to breakeven on loan + maintenance) to stay on in property? in case you havent visit the site, when you look at the building from the sales gallery, it looks like a building is built on a dessert with brownish land all around it. and yes, this piece of land has been looking like dessert for the last couple of years with only Q-Cells as major tenant in SSP2. all the great news about Q-Cells is going to inject RM5 billions into SSP2 was prior to their €846m net loss in 2011 and Q-Cells filed for insolvency on 3rd April 2012. their further investment into SSP2 has been quiet since the acquisition of Hanwha.

back to the project itself, with 17% discount (for bumi) and 10% discount (for non bumi), s&p + legal fee absorbed by developer, everyone gets 0 down deal. couple with 105% loan for first time borrowers and 95% for second time borrowers, firstly easy entry and secondly many buyers were very fascinated by the idea of "getting paid to buy property", this project potentially attracted the wrong kind of buyers.

i got couple of more factors that lead me to put a No on this project, but i should stop here before any current buyer getting upset with me. i wont deny the potential of the grand master plan of PKNS in SSP2, for now, it's still quiet an uncertainty.

This post has been edited by property101: Feb 13 2013, 11:05 AM

sure thing. i could be wrong