so does everyone....

Bro, I dunno which of my statement made you complicated to understand, yet I had made it simple enough.

An "overprice" statement is representing the current selling price against it's own market price and other surrounded or competitors pricing. It does not reflect for future, where, if any product can sell higher in 3-4 years later on and with the gains, then I was described that I had under valued the property. The better word in this event would be " under rated "

A RM 5 value product, can sold at RM 10 today, and it can be value at RM 20 one day or sold at RM 25
A RM 5 value product, was sold at RM 5-6 today, and it can be value at RM 20 one day or sold at RM 25

As an investor, I looking at the lowest possible entry point for any new product matching it's own pricing. To entry, we are not only looking at individual preference but the overall picture of the market absorption.

Being overpriced or otherwise is always benchmarked against current market pricing. I wouldnt say that Twin Arkz is overpriced but it surely is among the highest (if not the highest) in the area. As for capital appreciation, its common knowledge that a lower priced development (with similar quality, design and occupant status) would have more room for appreciation as compared to developments which started with higher launch prices. Appreciation is always calculated based on percentage not on the value itself as this might differ depending on the initial launch price.

Take TTDI KL for example. TTDI Plaza condo's were the highest priced during its launch but over the past 3 years, capital appreciation has been average. Yes the current prices are quite high with some reaching >1 mil but if you look at percentage, its quite low. But other older condo's in TTDI which were sold at much lower prices have appreciated >50% in the past 3 years.

Right now nobody knows the property prices in Bukit Jalil in 3-4 years but i expect prices would be much higher. I dont mean any disrespect but im quite sure that Twin Arkz percentage of capital appreciation would not be as good as KM1 West or even Kiara Residence 2. Units at Twin Arkz may command higher prices in the future but i dont see their percentage of appreciation to be high as well.

This is the reason why i invested in Bukit Jalil now for my 3rd property instead of TTDI or its vicinity. I see alot of potential for Bukit Jalil especially the area around KR2 and KM1 West. Berjaya would not invest heavily in an area which they dont see potential for. That's also the reason why there is a LRT station right in front of KR2.

Well said bro, that's telling what is inside my mind.

Overpriced or not, we are benchmarking the property with it's surrounding. A merely 10% differences is acceptable but if we are talking about close to 50% differences then I would say it consider as premium price which will deter many buyers. The concern is how it will fared against the rest of surrounding properties 3 years down the road and the capital appreciation in terms of %. I'm quite interested in this project as I believe in next few years BJ surrounding will be transformed into a next level but looking at the price I would say they are going after a niche market instead of investors like us.

So, wat is the current sales status for TAz now?

Any buyer from LYN member?

The developer is riding on its previous wins, and hopefully it will draw another (and bigger) win, using the same tricks and techniques.

Property value to a large extend, lies in how many people are interested to own the units, if it managed to command the attention of a few major tycoons to invest in it, it will manage to attain and sustain the value. Then evaluation crosses a critical mass, the public will adjust it's evaluation upwards accordingly.

However, if the major tycoons are not interested, and it is left to the public to evaluate the property, then I am afraid this Twin Arkz will not hold, as the majority of the people perceiving it as overpriced.

Case 1 or case 2, you decide. We shall see if Twin Arkz is able to cross it's critical mass.

Above 1000sf units gets two parking space but its tandem

Whats the take up rate so far?

If got heavy up front discount wouldnt mind

it might have different for u between this two word: "under value", and "under rated". but it has no different for me coz i only use them to describe my thoughts. the only thing that i concern bout is the RETURN.

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Added on November 7, 2012, 3:37 pmyes im kinda agree with this...

This post has been edited by BrandsOutlet: Nov 7 2012, 03:39 PM

this weekend buka to semua... Note office tukar to kuchai lama...

got register or no register they dun care, just walk in saja... the last time they told me takkan they gonna halau walk in visitors..

so.... BBB



This post has been edited by twincharger07: Nov 13 2012, 12:39 PM

Why so quiet? No one went for the launching?

Cannot afford mah quiet lor...

those who can afford dun play LYN gua... Director, CEO, tauke tauke

Launching date stated 10th to 11th Nov and yet no feedback in this thread. Wonder how the sales went...

it was open way before,, even open public can make booking tat time,,
adi more than 30% booked since my last visit

Take up rate seems kinda slow isn't it? Maybe too many on going projects, must open eyes big big to shoot down next target, will sneak in to monitor constantly.

This post has been edited by Xccess: Nov 13 2012, 06:39 PM

Am attempted, units with 1025sqft already sold out. Left few units with 12xx, 14xx and 750sqft.

This post has been edited by Asali: Nov 13 2012, 07:33 PM

750sqft selling how much?

Bro, with ur phrase, 1025 sold out and later 3 sizes left few units sounds TAz already achieved 90% sales.....

Good sign to BJ benchmark pricing condo.

But must take off the 30% reserve units for Calvary members and Exsim had a reputation of keeping units, once almost fully sold only they take out slowly and tell u left 2-3 units. Not sure for this but it happened to The Treez and The Leafz.

Hopefully it achieve well and awaiting for The Rainz!