Heard Berjaya's KM1 East condo (next to KM1 West) is gonna launch year end at RM 1.8 mil (starting price). Also with some villas priced from RM 2.57 mil. Is this true?


http://ehome.kpkt.gov.my/ehome/DetailProje...ojek=KM1%20EAST

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.

Whats the take up rate so far?

I just wonder at current launch prices of about RM650 psf (after discount), how much would investors intending to sell be hoping their units will fetch in 2016 upon VP? I mean this is still Bukit Jalil and 2016 is not exactly that far off.