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.

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.

Any 'transacted' Type C units at KR2 Tower 3?

Not sure bcz seldom keep in touch with developer's agents.

Heard my friend told me some buyer is looking for biggies now as they received calls from agents mentioned buyers looking for their 1595 sq ft or if not, 1457 sq ft. I didnt receive any call anyway since last 2 months.

So looks like the developer units already transacted at RM535/sft. Once LRT fully operational, it should add another $50/sft which means $580/sft? For Type C Tower 3, it's fair to sell above RM800k.

I only got 1 call so far for my 1457sf units around 3 months ago. RM500psf which I obviously said NO.

Weird, the calls I received was informed that a buyer looking for Type C, any block but facing North / Kesas / Pool and offer RM 780k. Similarly, my friends ( the view of the unit the buyer looking for ) received the same calls and offered RM 780k too, but they insists on selling at RM 800-850k, lol.

While my unit was facing the opposition, the agent added on how much I looking for sale but I said not then.

If RM 500 psf, I will ask the agent go study the surrounding price or why dont call to KM 1 West, The Treez or KM 1 East to sell the same price at RM 500 psf!

Now that u mentioned the RM780K price tag, I think I made a mistake. It was the same buyer I think. So that would be RM535 psf and not RM500 psf as I indicated.

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

It really depends on your requirements and budget. I've seen decent Reno and they spent about RM50k.

I personally spent about RM70k including furniture and applicances. Could've done with less.

It really depends on your requirements and budget. I've seen decent Reno and they spent about RM50k.

I personally spent about RM70k including furniture and applicances. Could've done with less.

Yes. But in my case, both units are for investment. So if im gonna rent out, reno would be slightly different compared to a direct sale. My last reno for a 1356sf unit and fit out with quality fixtures in 2012 cost me RM 37K. But my condo where im staying now, I spent 30K on renovation which was quite extensive + 36K on fit out back in 2009.

I wish to sell my unit but I am not too excited about selling it now as I see that my profitability will suffer significantly due to :-

1. RPGT.
2. Loan lock-in period.

Anyone know if how easy to get the bank will approve a waiver on the penalty ? I remember for my case of 90% loaner, the disbursement was quite early, and so the 3 years of lock-in period for my case might happen quite soon. So it might be better for me to wait till it expires.

Alternatively I will rent it out in the meantime. Then come my next question. What's the minimum renovation which will be good for rental purposes ? I am looking at perhaps 20k region.

What do you guys think ?

For rental its not so much on reno but on fit out. Im also planning for reno and I already have 1 other condo on rental at TTDI. In our case with KR2, its gonna be a buyers / renters market because there will be many units up for sale or rent. So you need to stand out enough to get a decent rental but not too much that it empties your pocket.

I would do minor work on my KR2 units e.g plaster ceiling, built in cabinets, fittings for toilets, kitchen etc. Electrical items I will get from Legends SS2. Ive gotten very good prices from them since 2009 so I will go back to them. I anticipate my budget to be about 15-20K max for each unit. I have another 4 units bought by close friends and family members here at KR2 so ill surely nego with 1 contractor to get a good reno price for all 6.

Good advise!  Yeah basic reno is what I am looking at. Maybe you can add mine into it to make it all 7. 

Can no problem. We can finalise our options once we get VP end of the year. The more the easier to nego with contractors / suppliers.

I wish to sell my unit but I am not too excited about selling it now as I see that my profitability will suffer significantly due to :-

1. RPGT.
2. Loan lock-in period.

Anyone know if how easy to get the bank will approve a waiver on the penalty ? I remember for my case of 90% loaner, the disbursement was quite early, and so the 3 years of lock-in period for my case might happen quite soon. So it might be better for me to wait till it expires.

Alternatively I will rent it out in the meantime. Then come my next question. What's the minimum renovation which will be good for rental purposes ? I am looking at perhaps 20k region.

What do you guys think ?

I wish to sell my unit but I am not too excited about selling it now as I see that my profitability will suffer significantly due to :-
1. RPGT.
2. Loan lock-in period.

RPGT is calculated from the SPA date. So if your SPA was signed in Jan 2013 (like me), if I decide to sell in 2016, I will kena 30% RPGT tax on the chargeable gain.

If this is your first property disposal, you get a full waiver. For subsequent disposals, you get a RM10K or 10% (whichever is higher) waiver on your profits.

Chargeable Gain = Disposal Price - Purchased Price (based on SPA) - Exemption waiver