Is the show room ready? Why would the show room set up in Kuchai Lama?

as usual, ppl used to compare current dev price to a new project and always think it is expensive due to the higher price point without further consideration.

is >750/sqft justifiable?

think about this two factors:

1) confirmed developments in bj --> jalil city is the latest just confirmed mega project in bj. apart of that, there r more developments in the coming years...

2) green and contemporary facade/life-style concept.

if (most likely i think will happen) KM1 East going to launch 550/sqft (for 1300+sqft) or higher, do we still think that 650/sqft (for 1300+sqft) for Twin Arkz is expensive?

I see Exsim always not simply putting the price without proper market analysis, just like how other developers did..

Size ... no very sure...have been told >1k sf (all is big size unit), i think around 500psf.......

I dun think they sell higher (in term of psf) then Twin Arkz, they are so many units around that area....how they going to sell in high price....???

i'm doubtful for The Rainz to launch at 500/sqft. two solid reasons:

1) market value of BJ consuming for 500/sqft for NOW. assuming The Rainz going to launch mid of next year, do not think that the market value would still the same.

2) ZR is selling remaining units for 480/sqft for NOW. is ZR and The Rainz comparable?

Although of bukit oug sitted near to The Rainz, but since when this has become a major factor to affect the selling price of a prop? but 1 thing is sure, that the location of The Rainz is walking distance to future LRT station, which always give higher prop value.

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So happening lately in Bj area!

No DIBS and dunno who is the panel bank yet. Booking fees are not refundable. Once book if panel bank not right or not up to 90% mean sayorana to the 12,800 booking fees.

Concept is nice. architect is my friend. But just overpriced.

Own stay ok but not investment.

Wont be sunrise because it only developer piece by piece at BJ which do not have international school, hospital, offices, shuttle bus and access road is only 2 ways.

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Added on September 11, 2012, 5:28 pmR u the agent?

Current price is goreng up pricing not market sustainable pricing. Blaming on the material, land, labour admin and etc....i do not think the material and land price up so fast. Is developer goreng up one by one see who buy at the peak then jump from KLCC...

This post has been edited by RomaNce: Sep 11 2012, 05:28 PM

Yes, it is common for people who put into consideration of comparing new project against current subsales value, and due to easy entry and newer property, people tend to be accepting anything expensive or higher than current subsales market value or price. But expensive is one thing and overprice is another meaning.

Bukit Jalil new condo benchmark value might be around RM 500 psf. Some certain projects can sell it at RM 550 psf because it's not bank valuation unable to match the project asking price but it's always developer who sell 10-30% higher than current valuation by valuers.

Some other projects can sell it at RM 600 psf and people still buy it if it was due to freebies, partly furnished, DIBS, 5% or 7% discount, deposit to pay by installment and etc attractive planning.

But to say > RM 750 psf is justified or not, this is a good question especially for Twins Arkz.

We can say it justified due to all you listed as above. Superb materials, wonderful pieces glass and windows, perfect looking facade, superb life style that even Troika lose, contemporary that even One Menerung unable to match.

But we can disagree to it, because all above was untested and yet to deliver for now. Don't we found out that any project with RM 400 psf, RM 500 psf, RM 600 psf, RM 900 psf called it contemporary homes, lifestyle concept, great facade and etc.

The biggest issue is the developer itself for the name of Exsim Group. I agree that the facade and concept is something really different, which far better looking than ZR, KR2 or even Covillea externally, but we yet to be seen internally due to Exsim's The Treez is still under construction and yet to deliver, hence, we can call it risky.

We cannot call it a justification due to Jalil City is coming up with boom development and mega projects, it's a promise yet we are waiting it to be true.

Yes, sorry but seriously, RM 750-800 psf is quite risky, but IMHO, some pool of buyers would still buy. Even at RM 650 psf, I still call it expensive but it is still do-able, bcz in my consideration, no matter how high end is a condo, the exclusivity is going wrong the the high density of over 300 units ( I was told by friend ) in such 1.9 acres land only. Or I call it, kenot see it at all.

cool down man..im not an agent but im an investor.

the statement i had made for The Rainz is a forecast statment, means something that i think going to happen later...

but the statement that u had made is a personal comment statement...if not, do u think Exsim will launch The Rainz for cheap price just because u think they should?

I think your monthly payment to bank is MORE than your fetch-able monthly rental you can get from that area (upon completion), there's just no point investing it.

Price are going up like mad, due to investor's high buying rate. Developers are happily increasing their RM/sf...

Bukit Jalil is going to be prime "Sold Out" area. But whether is occupied or not, that is another thing. Nobody likes a dark condo at night.

risk is subjective and bring different meaning/level for different ppl. ppl might not need to take necessary risk as Exsim is not well known developer now, if u think that it is a big risk for u..

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Added on September 12, 2012, 2:35 ami think it is obvious that exsim project is not made for rental purposes, but "flip" is very do-able i can say..

the reason y projects in bj is popular and easily "sold out" is because the potential is getting more obvious..

This post has been edited by BrandsOutlet: Sep 12 2012, 02:35 AM

It looks like you are quite bullish with this project and with such a price tag, you still think is is 'flip'able. Are you planning to invest a few units in this projects? BJ is popular and potential is there, but do you think the potential of BJ can match up with the price tag? just wondering

Flippable or not, since there are no figures or facts presented, it is pretty much an opinion, a gut feel, an attempt to gaze into the crystal ball.

they say not ready. maybe by early october

yes u r rite. we have no data to support wheather it is flippable coz Exsim maiden project is still under construction.

however, i always like to forecast what would happen in few years later so that i can walk one step ahead compared with others, but of cource the risk involved is higher. on other hand, u might want to wait until The Treez and Jalil City compleated few years later and see what is the market responce, then only decide want to buy sub-sale or future new project. this is up to everyone risk taking level.

personally i think it is flippable base on one reason:

do anyone think there are other comparable project available in bj compared to exsim project?
how many units availble for exsim project? is limited or many?
is the number of the "rich profile" customer able to catch up the demand?

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Added on September 12, 2012, 12:41 pmi wish i can invest a unit in thwin arkz but sadly to say currently im not capable to do that. i dun understand y forumers cant think of reasons from proper analysis (but this is what i always see in the forum once a project start to launch and ppl will keep on say is expensive)..

in fact, i had expected twin arkz to launch with this range of price tag, expecially after jalil city announcement...



This post has been edited by BrandsOutlet: Sep 12 2012, 12:41 PM

Saw big poster near ZR. Is that the site for this project?

I called up the Sales personnel they are not willing to review too much but said rm620/sqft.

Wat? Not willing to review too much or probably the pricing yet to be confirm?

RM 620 psf is a bit expensive compare to other forumers mentioned at RM 700-800 psf, which is very steep n high.

For me I rate any good condo in BJ from btw RM 500-550 psf fair price, anything more than 10% could be consider if I like it very much but definitely not 20-40% higher.

Price is approximately rm650psf for the big units.

As for the smallest unit (around 721sqft), price is around rm750psf if I remember correctly.

The design & scale model is IMPRESSIVE, to me at least . But the price a bit...

750psf .. wow

Heard today they open for review. Anyone went there? Care to update a bit here?