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> TRX RESIDENCES @ TUN RAZAK EXCHANGE, KL International Financial District+MRT

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nexona88
post Jan 10 2019, 04:07 PM

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QUOTE(BEANCOUNTER @ Jan 10 2019, 04:03 PM)
don't lah underestimate the local purchasing power.

there are still plenty of well to do local buyers for this price range....

of course for HKG and cina buyers, its wet wet water.....just a matter of if they wanna buy at 3rd world country nia.
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auntie Icy would ask how high is local purchasing power.. would the T20 buys? innocent.gif
BEANCOUNTER
post Jan 10 2019, 04:21 PM

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QUOTE(nexona88 @ Jan 10 2019, 04:07 PM)
auntie Icy would ask how high is local purchasing power.. would the T20 buys?  innocent.gif
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there are still 3% population managed to buy at this price.
3% of 30mil population is still a lot, excluding those Malaysians work overseas or cari makan overseas.
icemanfx
post Jan 10 2019, 04:49 PM

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QUOTE(nexona88 @ Jan 10 2019, 03:23 PM)
1,800 to 2000 PSF means not for locals buy.. Thats for sure..... But foreigners especially Chinese want to buy??
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QUOTE(gks @ Jan 10 2019, 03:33 PM)
The bigger picture JV with Chinese contractor they will sell the project to Chinese buyers, not local buyers.

For example Face II. The show unit and brochure is in Chinese and catered for Chinese Market.
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QUOTE(BEANCOUNTER @ Jan 10 2019, 04:03 PM)
don't lah underestimate the local purchasing power.

there are still plenty of well to do local buyers for this price range....

of course for HKG and cina buyers, its wet wet water.....just a matter of if they wanna buy at 3rd world country nia.
*
The facts remain most if not all Chinese investors are losing on their purchase in kv from dropped in my/cny exchange rate and stagnant value; overseas property investment is still on Chinese black list; those who could afford have better choice elsewhere e.g Canada, u.k, Australia, new Zealand, Dubai, Thailand, etc.

If there are more foreign buyers mean there will be more supply in subsale market.

QUOTE(BEANCOUNTER @ Jan 10 2019, 04:21 PM)
there are still 3% population managed to buy at this price.
3% of 30mil population is still a lot, excluding those Malaysians work overseas or cari makan overseas.
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It will be stretched for those with us$100k net worth to buy rm1000+ psf property.

This post has been edited by icemanfx: Jan 10 2019, 07:29 PM
teehk_tee
post Jan 10 2019, 05:21 PM

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i have few units around TRX
if they can bump the pricing to 2k psf

fuhh.. i'll be very happy some spillover to mine.
BEANCOUNTER
post Jan 10 2019, 10:54 PM

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QUOTE(icemanfx @ Jan 10 2019, 04:49 PM)
The facts remain most if not all Chinese investors are losing on their purchase in kv from dropped in my/cny exchange rate and stagnant value; overseas property investment is still on Chinese black list; those who could afford have better choice elsewhere e.g Canada, u.k, Australia, new Zealand, Dubai, Thailand, etc.

If there are more foreign buyers mean there will be more supply in subsale market.
It will be stretched for those with us$100k net worth to buy rm1000+ psf property.
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Your report is 3% will have at least or minimum usd$100k. ..

Not only usd100k.

Then how you would place jibby in yr report?
BEANCOUNTER
post Jan 10 2019, 10:58 PM

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QUOTE(teehk_tee @ Jan 10 2019, 05:21 PM)
i have few units around TRX
if they can bump the pricing to 2k psf

fuhh.. i'll be very happy some spillover to mine.
*
There will be splilover definitely..


But wont be hitting 1800 or 2000psf anytime soon.
nexona88
post Jan 10 2019, 11:00 PM

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QUOTE(teehk_tee @ Jan 10 2019, 05:21 PM)
i have few units around TRX
if they can bump the pricing to 2k psf

fuhh.. i'll be very happy some spillover to mine.
*
how much is $$ psf your units now?

This post has been edited by nexona88: Jan 10 2019, 11:01 PM
teehk_tee
post Jan 10 2019, 11:10 PM

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QUOTE(nexona88 @ Jan 10 2019, 11:00 PM)
how much is $$ psf your units now?
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horizon is the highest ... even that also hardly budged (good rental though) about 1.6k psf or so

This post has been edited by teehk_tee: Jan 10 2019, 11:10 PM
Sand Dust
post Jan 10 2019, 11:35 PM

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Sigh.. never get to play this type games with >1k psft. Dunno when can be like taikors here.
BEANCOUNTER
post Jan 10 2019, 11:43 PM

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QUOTE(Sand Dust @ Jan 10 2019, 11:35 PM)
Sigh.. never get to play this type games with >1k psft. Dunno when can be like taikors here.
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Leap of faith......

If u dun move up, you are actually falling behind
warface
post Jan 11 2019, 11:01 AM

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QUOTE(BEANCOUNTER @ Jan 10 2019, 01:01 PM)
their Tropicana JV with Agile in 'bukit bintang' already sold for 1800psf (or 1400psf cant really remember)…..was told 70% HGK and Chinese buyers.
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seems the bench mark is from there.. seems potential rclxms.gif
BEANCOUNTER
post Jan 11 2019, 12:31 PM

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Tropicana also got 2 big pieces of land outside trx....
Kelvin123@
post Jan 11 2019, 01:38 PM

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http://www.theedgemarkets.com/article/wct-...trx-worth-rm11b

The development consists of two serviced residence towers and one serviced apartment tower, alongside meditation decks, gyms, various gardens and pools. The development carries an estimated gross development value (GDV) of RM1.1 billion.

It was reported that the main building construction contract is being tendered out. Sales preview is targeted by July this year while the official launch of the project is scheduled for November 2019. The development is scheduled to be completed around the end of 2022.

Based on WCT’s announcement dated Oct 19, 2015, the salient particulars of the land are: i) land area: 71,986 sq ft; ii) floor area ratio: 10.8; and iii) maximum permissible gross floor area: 775,002 sq ft.

Assuming a building efficiency ratio of 0.75 times, the development would have a permissible net floor area of 581,252 sq ft. Based on a GDV of RM1.1 billion, this translates into an average selling price of about RM1,900 per sq ft, which we deem quite reasonable. Based on a projected GDV of RM1.1 billion and a total of 700 residential units, the average selling price is RM1.57 million per unit.

For comparison, based on the second half of 2018 property market research by Knight Frank, recently launched Block B of Agile Bukit Bintang, Block C of Yoo8 @ Conlay, and Windsor Suites at Pavilion Damansara Heights have selling prices of RM1,839 to RM2,107 per sq ft, RM3,262 to RM3,464 per sq ft, and from RM1,700 per sq ft respectively.

With a reasonable pricing, we expect the project to be fairishly accepted amid a challenging property market. This is given its strategic location within the new financial district of Kuala Lumpur, excellent accessibility (direct links between TRX and Smart Tunnel, Maju Expressway, Jalan Tun Razak and Jalan Sultan Ismail) and, last but not least, good connection by mass rapid transit Line 1 (MRT1) and MRT2.
icemanfx
post Jan 11 2019, 01:39 PM

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QUOTE(teehk_tee @ Jan 10 2019, 05:21 PM)
i have few units around TRX
if they can bump the pricing to 2k psf

fuhh.. i'll be very happy some spillover to mine.
*
If developer near trx could price at 2k psf, what about those near pnb 118? 3 or 4k psf?

Units near klcc showed, developer could price at their whim and fancy, doesn't mean it could be sustainable.

It seems many still take developer inflated price as benchmark. For reasons, many were trapped in property bull run.

This post has been edited by icemanfx: Jan 11 2019, 01:57 PM
Kelvin123@
post Jan 11 2019, 01:40 PM

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RM1900 psft is reasonable pricing thumbsup.gif
Sand Dust
post Jan 11 2019, 01:58 PM

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QUOTE(BEANCOUNTER @ Jan 10 2019, 11:43 PM)
Leap of faith......

If u dun move up, you are actually falling behind
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Correct also Taikor.

You are taking the leap for this?
Sand Dust
post Jan 11 2019, 01:59 PM

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QUOTE(icemanfx @ Jan 11 2019, 01:39 PM)
If developer near trx could price at 2k psf, what about those near pnb 118? 3 or 4k psf?

Units near klcc showed, developer could price  at their whim and fancy, doesn't mean it could be sustainable.

It seems many still take developer inflated price as benchmark. For reasons, many were trapped in property bull run.
*
PNB 118 better?
icemanfx
post Jan 11 2019, 02:00 PM

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QUOTE(Sand Dust @ Jan 11 2019, 01:59 PM)
PNB 118 better?
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Trx better than klcc and pnb 118?
Sand Dust
post Jan 11 2019, 02:10 PM

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QUOTE(icemanfx @ Jan 11 2019, 02:00 PM)
Trx better than klcc and pnb 118?
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Before May18, pretty sure will be the next big thing.

Now, not sure, but I don't see how you regards surrounding 118 can be double of TRX.
teehk_tee
post Jan 11 2019, 02:12 PM

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QUOTE(icemanfx @ Jan 11 2019, 01:39 PM)
If developer near trx could price at 2k psf, what about those near pnb 118? 3 or 4k psf?

Units near klcc showed, developer could price  at their whim and fancy, doesn't mean it could be sustainable.

It seems many still take developer inflated price as benchmark. For reasons, many were trapped in property bull run.
*
Good point.
End of the day need to take out calculator and see whether the yield is good or not at current mkt rates. Many launches in PJ cant even beat FD nowadays.

My city center ones relying on expat (mainland) rentals, yield is 4.5-5% if u lock in the right tenant base.

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