Hmm, I think around RM 2.5k max, with LRT up, LRT road connectivity ( main ) and full furnished, I believe can be higher a bit only, as contradict to number of units available for let in the same road.

Ic.

Wahh, with the new landed your purchased recently, definitely it was a much much better choice compare to this leh, lol.

I thought by batch and Tower 1 and 2 should be earlier due to they signed S&P earlier than Tower 3.

Nevertheless, all the internal units had been fully done, pending some rectification and the facilities floor. BUt, it looks a bit rushing if by Aug 2015, just 2 months away to finish up the pool and so ... I long time nvr passby so I am not sure.

New colour applied seems looks better than previous. Hmm.

Unsure of what hollow that u meant. Lol. Definitely it doesnt looks high class but probably it looks low cost for u.

Hmm, parking facade? The Treez, design looks good and of coz, it refurnished back into their selling price whch was way too high above KR2 upon launching. Although the density is lower, if acc to what contractors told me the costs they used for Treez, it could be even much more grand n premium looking.

ZR? Looks ok for me and overall looks good only as a facade.

Are u a buyer of The Treez or ZR?

True.

It would be good for own stay buyers if the quality of the internal units and facilities are better than KR1 and importantly ZR.

Even Zest can live up to RM 520-530 psf now before renovation, guess it wont be issue of it for a price tag of below RM 450 psf but maybe subsale buyers of over RM 550 psf in future.

Its time for v3 soon

Kekkekeke, for buy, sell or rent discussions.

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.

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.

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.

No bro, that RM 535 psf was subsale, guess it was the first blood subsale of KR2.

Meanwhile, I hope the new LRT access road will be able to fetch KR2 to another higher scale but I still predict it wont be much. The new access road is much more important than the LRT operation, at least in my opinion.

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!

This post has been edited by Chris Chew: Jun 25 2015, 03:42 PM

Ic. No issue.

If not mistaken, I think my previous post / comment 2 months back was still indicated RM 780k or RM 535 psf for the 1st unit of Type C sold at Tower 1 ( if not 2 ), consider low floor.

Hmm, I thought that you cancelled off your purchase 2-3 years back? No?

Good idea of costing if to flip now. Yes, RPGT is one of the key criteria beside loan penalty of 2-3%, esp for 90% loan borrower.

My 3 years RPGT would be expired by Nov 2015, entering 4th year so it would be 20% charged. I could hold till my lock in expired on next year March / Apr 2016 as the 2% cost me about RM 10-12k.

But if I plan to rent out first, I would rent out at semi furnished only and to keep the costs down, as well as min 2 years to wait the 5th year RPGT expiry. Or else, if just reno and rent out for a year, the costs is not significant enough to cover unless huge appreciation in a year time.

For me, as the unit already comes with grille door, kitchencabinet with hob & hood, water heaters and air cons, the cost really save us a lot for rental purpose. I only will do plaster ceiling, lighting, add some power points sockets and thats all. If I to buy bedrooms set, sofa, coffee table, TV, fridge and etc appliances to make it full furnished, this easily cost RM 10-20k, and it took me longer time to cover unless for long term purpose.

Hmm, expected selling price around close to RM 800k or ono, just less than RM 200k appreciation before profit & cost, if I am selling, I could be not asking for the one time RPGT waiver, unless higher profit.

Huh ...

Hmm, actually RPGT can be off after the other costs involve, such 2% of RM 800k ( if selling price now ), interest paid to your FI ( if any), lawyer fee ( upon taking loan previously and upon subsale) and etc ...

What do you think boss?

RM 535 to RM 550 psf for 1457 sq ft ....