Seems that between Nov to Jan this year, the highest recorded price for KR1 was RM625K for a 1,021sf unit on the 8th floor. Or 612psf. But generally, similar sized units were traded between 578-597 psf for the same period.

Not sure about recent transactions though. But if this trend continues or increases, KR2 should see prices >600psf.

This post has been edited by cybermaster98: May 25 2015, 10:19 AM

I just get updated by one of the owner where she go for refinancing.
90% margin of financing with CIMB bank for this 1,412s.feet unit.
Base on the unit detail it confirm is a 1,412 s.feet unit located at Tower 3, 13A floor.
Value had gone up to RM960k as inform by valuer is go higher once LRT completed.

Unfortunately the refinancing fund only can be release once CF is issue.
Valuer such as Rahim & Co and MacReal International really can support up to RM680 to RM700 per s. feet for refinancing.
Is unrealistic for transaction on Subsale, but is confirm realistic for owner to refinancing to cashout the fund and avoid RBGT

If valuer can support mean it was the actual price?

It still up to owner how much they want to sell? Market value or below market value.

Why is it still 'estimated indicative value'? The documents can be signed in advance but funds released after CF right? So why is it still 'indicative'? Also, where is the actual valuation reports if its indeed so? All the documents provided by your so far are quotations. So far we haven't seen any confirmed docs. Anybody can quote but whether it becomes final is what matters.

Could you provide some clarity?

This post has been edited by cybermaster98: May 29 2015, 08:39 PM

Sorry my friend. This is the only doc can be provided here. Full valuation report is more the 10 pages. I can only EMAIL you the FULL Valuation Report.
Owner had provided me letter offer from Public bank and CIMB bank as well for REFINANCING. It was also more then 10 pages for completed BANK LETTER OFFER.
Actually I had call few owner to check whether they keen to let go. unfortunately i was inform Public Bank had call some of them for refinancing.
YES, you are right. Public Bank can approve the refinancing base on RM700 per sq.feet. Letter Offer from bank can be sign once loan approve.
But fund only release after CF same as Subsale money received upon CF.

So far i only have the Full Valuation report and bank letter offer. Kindly provided me your email where i can sent to you.


Beside Valuer who support is:
Rahim & co (KL) 03-26919922
Nilai Harta consultant (KL) 03-21665886
Mac Real International (PJ) 03-79601910

You may call to verified how much they qoutes for bank for refinancing.

at the end of the day, still very much depending on the actual transacted price after VP..
letter above are estimated for her refinancing purpose..
there could be owners asking rm900k but no taker..

well let's see.. i do hope the valuation is true tough.. lol..

I got two singapore buyer look for 1400 sq feet unit.

Any willing seller?

Must face klcc high floor.

Willing pay max RM650 sq feet

PM me thanks

If there are actual loan offer letters from the banks based on this valuation report, then I guess it would be true. But refinancing is basically getting a bigger loan. Its the actual subsale prices which matter at the end of the day. Its not gonna be easy for buyers to undertake a 800K loan amount in Bukit Jalil. That's a monthly repayment of RM4K a month for 30 years.

And with the new refinancing curbs by Bank Negara, its pointless even refinancing to take out money.

This post has been edited by cybermaster98: May 30 2015, 12:04 AM

curious to know, tumpang a bit
fren, based on 650 psf is only RM910k
thought foreign purchase min RM1mil?
fishing for local buyer izit?

Dear Friends,

Singapore PR carry Malaysian IC from Muar. He say had check with legal consultant and there is no issue.
You got banker to introduce? not sure any issue to get financing with Singapore income doc.
Try to push KM1 but he more keen near to LRT.

http://www.thestar.com.my/Business/Busines...alls/?style=biz

and so it is called Paradigm Mall Kuala Lumpur .. 1.5 milliom sqft ..

Apparently different banks have different consideration given to foreign income. Read this article :-

http://loanstreet.com.my/learning-centre/h...ow-based-on-dsr

It was said that Hong Leong bank gives 100% consideration to foreign income.

But what im curious about is what would anybody wanna refinance with the present rules against refinancing introduced by BNM last year? The legal costs for refinancing isn't worth the small savings from a better interest rate especially for those intending to hold on to their units for <10 years.

Electricity Meter Deposit RM700?!

Wow, really value 960k for this location, after adding all subsale cost. Lawyer fee, stamp duty, etc will become 1m++ already..

No wonder all go to buy westside 3 in dpc, even smaller unit in pavilion bj is safer bet than this apartment....I don't think just because of near to lrt can command such a high price for this crappy area of bj

This post has been edited by KimiLau: Jun 11 2015, 01:08 PM

Aiyo, that post is talking about indicative value ...

Indicative value before inspection is quite different aspect compare to actual value ( or so called valuation ) upon completion of property with data of transaction to support, or inspection done.

And it's much bigger comparison to the actual selling price that you mentioned, which a point to meet by both seller and purchaser to make this happen.

Indicative value can be RM 960k or even RM 1mil, actual valuation could be vary or RM 100k lower and tbc upon transactions coming in ...

Indicative value or actual value if RM 960k, not necessary the property would be or will be selling or able to sell at RM 960k, it could be RM 800k or RM 850k or higher or lower, dude.

Sibeh expensive ...

I got the request for payment RM820 for each of my units for TNB I think. But my question is:

1) Why is it so expensive for this installation?
2) Why is the unit number stated in the address different from my booking unit?