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 Kiara Residence 2, Bukit Jalil / Bukit OUG v2, A concept quadrant zone living in BJ

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DavidAw
post Jun 15 2015, 03:50 PM

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Pics of KR2, view from Lai Meng school. Looking good!


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DavidAw
post Jun 15 2015, 04:24 PM

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Well, KR2 does looks better than KR1, but not as nice as ZR. I pass by KR2 everyday but just that I was at Lai Meng area yesterday so took a pic from there.

Btw, they are doing up the carpark and roads for the LRT now. Tar road already.
DavidAw
post Jun 15 2015, 04:49 PM

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Nothing to be unhappy about since I'm actually KR1 owner. But 1 common trait between KR1, KR2 and ZR - good increase from developer price
DavidAw
post Jun 15 2015, 05:12 PM

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Will need to take density into consideration. KR1's facilities still feels quite under utilized, even during school holidays. Anyways, the quality and usage of the access road through the LRT will play a big part in determining the future value of the props in the vicinity.
DavidAw
post Jun 25 2015, 07:50 AM

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Would KR2 owners sell their units if the price upon VP is more or less the same as KR1? For example, type C (1400+ sq ft) selling at RM700k.

Interesting to know as it'll also affect the price of surrounding condos since new condo would generate another wave of interest in the vicinity, esp if the LRT is up and running then

DavidAw
post Jun 25 2015, 08:53 AM

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QUOTE(cybermaster98 @ Jun 25 2015, 08:17 AM)
Obviously not unless they are very desperate to sell. Selling a 1457sf unit at KR2 for RM480psf is well below the current market value.
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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
DavidAw
post Jun 25 2015, 09:09 AM

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QUOTE(ronn77 @ Jun 25 2015, 09:00 AM)
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.
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Would be great if the big units can hit RM550/sft.

The LRT looks promising so can't wait for it to open.
DavidAw
post Jun 25 2015, 10:43 AM

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QUOTE(ah_chung @ Jun 25 2015, 10:27 AM)
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... brows.gif
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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.
DavidAw
post Jun 25 2015, 11:01 AM

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For own stay. Big units are more value for money for own stay as compared to investments.
DavidAw
post Jun 25 2015, 11:32 AM

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QUOTE(Chris Chew @ Jun 25 2015, 11:16 AM)
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.
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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

DavidAw
post Jun 25 2015, 11:38 AM

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QUOTE(ah_chung @ Jun 25 2015, 11:05 AM)
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?
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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
DavidAw
post Jun 25 2015, 04:41 PM

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QUOTE(cybermaster98 @ Jun 25 2015, 01:03 PM)
Any idea what are reno costs now? The last time I did any condo reno was in 2012.
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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.
DavidAw
post Jun 27 2015, 09:02 AM

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QUOTE(cybermaster98 @ Jun 26 2015, 10:36 PM)
Do the same thing u did to get 30K salary  laugh.gif
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I also have 30k salary. Per annum.
Hahaha

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