QUOTE(| KENZO | @ Oct 23 2012, 12:06 AM)
I myself also an investor. Of course we must be practical and realistic prior to the decision making upon purchase of the location, pricing scale, development, surrounding, and importantly, the delivering of the projected development and it's developer background.
Based on the scale model, of course it was a nice and architecture building with modern facade. I believe most of the bros had the same thinking as me, can this developer deliver such promises and quality based on the scale model or projected development at such high pricing?
I might consider it if this is SP Setia, IJM, MAH SING or etc, but definitely not from an unknown developer who is yet to deliver. You may believe this is superb project which is worth RM 1,500 psf and hence, RM 800 psf is cheap, you're probably one or two / three of the ten, I don't know. I can't predict whether this project can be successful or failure, but I am deem this is overpricing and it is up to the individual buyer to make their decision.
The ciggy per pack was RM 10.20 now, and if I am a heavy smoker, I willing to pay RM 15 per pack if I couldnt find any 7 Eleven or stores nearby to get any pack of ciggy. It is up to every individual to self believe the pricing and the market value.
D'Latour is something good to ponder with it's fine architecture with lots of greenery that is worth the money? It's good to ponder but from a point of investor, we must find a thousand reasons to enter at such high pricing and above market value.
Practically, this parcel of lands only booming with students and this is not the parcel of Sunway South Quay which surrounded by Pyramid, Hotel & Resort, University & College, Bungalows, Lake and etc. I deemed the location is good but surrounding is not great enough esp it is next to Lagoon Perdana and Beldevere Apartments. Even Nautica or high end condos here only selling RM 650-800 psf with discount & freebies but not that huge respond aside Korean en bloc purchase.
Apparently, the parcel land of Senza or D'Latour, if given high end development from any well known developer with proper track record, it should be max RM 500-550 valuation per sq feet. For a new developer, the valuation only RM 400-450 psf max.
What u say also wrong one bcos blardy agent only want to make their commission...they know nuts about investment!
River of life ...my footlah go and smell the river i think u die faster
I myself, will accept at 10% higher if I really like the development. But RM 700-800 psf was definitely overprice and about at least 35-45% much expensive than market price.
Can D'Latour flip at RM 900-1050 psf upon completion based on such small scale high end development? IMHO, I don't know. But i predict it might be happen if MK high end condos reach RM 1,500 psf before 2013.
Added on October 23, 2012, 12:18 am[quote=| KENZO |,Oct 23 2012, 12:06 AM]
I myself also an investor. Of course we must be practical and realistic prior to the decision making upon purchase of the location, pricing scale, development, surrounding, and importantly, the delivering of the projected development and it's developer background.
Based on the scale model, of course it was a nice and architecture building with modern facade. I believe most of the bros had the same thinking as me, can this developer deliver such promises and quality based on the scale model or projected development at such high pricing?
I might consider it if this is SP Setia, IJM, MAH SING or etc, but definitely not from an unknown developer who is yet to deliver. You may believe this is superb project which is worth RM 1,500 psf and hence, RM 800 psf is cheap, you're probably one or two / three of the ten, I don't know. I can't predict whether this project can be successful or failure, but I am deem this is overpricing and it is up to the individual buyer to make their decision.
The ciggy per pack was RM 10.20 now, and if I am a heavy smoker, I willing to pay RM 15 per pack if I couldnt find any 7 Eleven or stores nearby to get any pack of ciggy. It is up to every individual to self believe the pricing and the market value.
D'Latour is something good to ponder with it's fine architecture with lots of greenery that is worth the money? It's good to ponder but from a point of investor, we must find a thousand reasons to enter at such high pricing and above market value.
Practically, this parcel of lands only booming with students and this is not the parcel of Sunway South Quay which surrounded by Pyramid, Hotel & Resort, University & College, Bungalows, Lake and etc. I deemed the location is good but surrounding is not great enough esp it is next to Lagoon Perdana and Beldevere Apartments. Even Nautica or high end condos here only selling RM 650-800 psf with discount & freebies but not that huge respond aside Korean en bloc purchase.
Apparently, the parcel land of Senza or D'Latour, if given high end development from any well known developer with proper track record, it should be max RM 500-550 valuation per sq feet. For a new developer, the valuation only RM 400-450 psf max.
What u say also wrong one bcos blardy agent only want to make their commission...they know nuts about investment!
River of life ...my footlah go and smell the river i think u die faster
This post has been edited by Donald Trump: Oct 23 2012, 12:18 AM