Obviously not unless they are very desperate to sell. Selling a 1457sf unit at KR2 for RM480psf is well below the current market value.

But I suppose supply is higher than demand in the current sub-sale market, considering the competition around ie KR1 (not as nice but low density which is a major consideration for own stay) and ZR (high density but nice facade and facilities)

Tough sub-sale market but keeping my fingers crossed that prices will go up further once LRT starts

My target is at least RM550/sft with reference of launching price at surroundings BJ which is above RM600/sft. There is still some catalyst to boost the price up a notch if the holding power is there. Even some "ulu" place launching price also trying to fetch $500/sft, unless if some members here desperate for money badly.

Would be great if the big units can hit RM550/sft.

The LRT looks promising so can't wait for it to open.

Im 100% sure that getting RM550psf for the bigger units is not an issue. By the time KR2 gets VP, the LRT station would be operational and work on Paradigm 2 would have just begun. Pavilion 2 is already market news and at RM800psf, that's a new benchmark for Bukit Jalil and will surely boost prices at KR2.

And no im not just saying this because I have 2 units at KR2. Its a fact.

Any idea why KR1 can only fetch this low price for bigger unit? Launching price low? Supply > Demand?

I saw in iProperty, 1050 sf is selling at 600k, by topping up <100k (some 1457 sf even selling at 680K), which means the extra 400 sf is selling at <RM250 psf!! what a good deal...

Baffles me as well as I actually own a 1454 sq ft unit in KR1. Can't comprehend the >20% difference in psf price. In fact all the big units are facing the pool, and further from the highway, with good parking allocation.

I would imagine it's because the buyers could not fully utilize the extra space and they will see the extra space are extra costs for them. At the same time loan margin eligibility might be constraint to borrow upto a particular figure.

In terms of room, it's a 3+1 room, so people just treat it as a 3 room unit. So price per room becomes very unattractive.

I see. so your unit in KR1 is currently own-stayed? or for rent/sale?
Property market is very slow at this moment...

For own stay. Big units are more value for money for own stay as compared to investments.

Agreed. but too bad when i was purchasing KR2, all small units kena sapu, left few bigger units.

I still wondering wanna stay there or not mainly due to the unit is facing highway. Mind to share how u deal with the noise & dust from highway? does thick curtain help?

The layout is favoured towards own stay as the masterbed room is huge but the 4th-room is small.

If the space can be relocated so that the 4th room is big enough as a double room, then it will definitely bring up the selling price psf figure.

Based on actual transacted prices for KR1, B3-8, 1021sf was sold for RM578psf in Jan this year. No updates since then. Similar sized units were sold for between RM588-600 psf in Dec 2014.

Just for comparison, KM1 last recorded transaction was a 1,508sf unit on the 9th floor sold for exactly RM1mil in Feb this year. This works out to be RM663 psf. Other higher floor units were transacted at around RM667-696psf end last year.

Definitely no bro.

Entry price is one of the key issues. KR2 is about RM 100 psf higher than KR1 upon both launching price.

However, the asking price of KR2 upon subsale now or upon VP is quite hardly able to add RM 100 psf on top of KR1, which already fetching from RM 500-600 psf transacted prices. And KR1 did really well.

Furthermore, most of the Type C, cheapest unit at T1 and T2 already almost RM 600k nett, so if to sell at RM 700k like KR1 is almost like earned max RM 20-30k or unless the seller ask for RPGT waiver and rush to sell for cash or next buy.

KR1 Type C owner still can nego to sell at RM 700k bcz it is still a good profit and they bought at around RM 500k back then. Meanwhile, entering after 4th yr and RPGT is lesser also contributes some profit.

If KR2 1457 sq ft to sell RM 700k, I dont think ppl would buy KR1 1454 sq ft ( Type C ) even at RM 680k.

Surely the first few transactions of KR2 would impact the selling price of KR1 and ZR.

Boss, very good and fair target. I target mine at RM 550-570 psf and if not, I only willing to flip RM 600 psf upon 2016.

Boss.

Its all about absolute price point issues.

RM 300k v RM 500k upon launching, its able to jump size if downpayment able to increased and loan no issues.

RM 600k v if RM 800k, most subsale buyers surely hardly able to afford the jump of 200k for 200 sq ft and RM 800k, they also have options to buy older DSTH. Furthermore, loan borrowing is tough now.

I've had told the dev during 2011-12, they made a wrong decision on pricing factor by selling all sizes at same price psf. I am off to hear they not willing to increased the price for Type A and I salute them. Only on KR2, it increased by merely RM 20-30k for Type A, still a good choices for investors.

That's why I'm concerned about the selling price of KR2 Type C upon VP as it'll affect the price of KR1 and ZR. Then again, the price of KR1 will also limit the price of KR2 since KR1 is the cheaper option with lower density.

Best case scenario is for KR1 + KR2 + ZR to go up by another RM100 psf from current price. Win-win for everyone

My unit is far from highway but near the Rainz construction site.

Sound-wise, if I don't open my balcony door, I'm not really affected. No problem in my bedroom as well but I did go for thick curtains so I'm not sure if that helped. Furniture and all will help with the sound as well.

Dust-wise, I'm affected by the construction site more than the highway actually. Just have to be more hardworking for cleaning but since unit size is small, no issue for me as well.

Actually staying in KR1 isn't too bad. Like the location alot. As for facilities and all, I remind myself on the low entry price and didn't expect high end facilities. The savings from my low entry price were plough into renovation for my unit so nice Reno makes it more comfortable for own stay as well

Any idea what are reno costs now? The last time I did any condo reno was in 2012.

Yes, it would be affected by each other as long as more units complete for time being.

IMHO, due to entry price and specs, KR2 owners would not ask anything lower than RM 600 psf for Type A and RM 550 psf for Type C. As that was the benchmark price for KR1 and I suggested its fair that KR2 pricing on subsale should stands RM 50 psf above KR1 where RM 100 psf in a year time separated both projects upon launching. KR1 has pro n con of being low density but the quality of materials used was better than my Zest.

If to mention of win win situation and another RM 100 psf on top of all current asking price of KR2, KR1 and ZR, definitely its good for us as existing owners. But, if to put into a shoe of a subsale buyer, I believe I wont buy at all. Not KR2 to be fair, not KR1 and not even ZR.

The LRT road definitely will give this triangle a boost but I have less confident on LRT operations to boost up the price like most of my frens did.

Meanwhile, Type C at middle floor at KR2 Tower 1 was booked at RM 780k 2 mths ago and awaiting S&P signing to complete the transaction. The asking price now would be min RM 800k and RM 830k or above for Tower 3.

All the best bro. Anyhow of the situation of KR2, ur Type C at KR1 would still be the best asset in terms of capital earning.