Welcome Guest ( Log In | Register )

21 Pages < 1 2 3 4 5 > » Bottom

Outline · [ Standard ] · Linear+

 Tropicana Gardens, Kota Damansara, • The Brighter Side Of Life •

views
     
Ero-Sennin
post Mar 8 2013, 03:42 PM

Enthusiast
*****
Senior Member
930 posts

Joined: Jun 2009
From: Somewhere I Belong...



I got few pm by fellow forumers about the investment potential in this development...now not free, later when I'm free I'll list out the potential of this development...in my point of view, this phase 2 is still BBB mode.

I've done up a lots of research before purchase phase 1 of this development. So if you wanna know whether this phase whether be BBB mode or not. Simple...just come and see the crowds who interested to buy tomorrow and on Sunday.
Ero-Sennin
post Mar 9 2013, 12:20 AM

Enthusiast
*****
Senior Member
930 posts

Joined: Jun 2009
From: Somewhere I Belong...



QUOTE(klee123 @ Mar 8 2013, 04:18 PM)
Thanks, looking forward to your thoughts. What was the unit size you purchased? Looks like you have already gained some profit rclxms.gif
*
Disclaimer : I do not solely promote, I just give my investment point of view based on my research. You may purchase other development surrounding but investment value will be different from one another.


Before I purchase phase 1, I asked myself...is there a potential of rental and capital appreciation...then I study the demographic and consumer spending power...the answers is YES. Why...here's goes my point of view...

1) Location - Dataran Sunway
Almost all of the ground floor units are fully rental out, and almost every corner shop facing the main roads are bankers...speaking of bankers, there are so much...even myself lost count...as for me...whether the place is in invest-able or not, I'll refer to the bankers, bankers done a lots of research before they spends on opening a branch in this area and compete among each other to gain customers database. Even Starbucks open up their branch in the middle of Dataran Sunway...where parking is absolutely menace to find one.

2) Tune Hotel
Can someone tell me why Tune Hotel build a branch at Kota Damansara? This place is not even a tourist hotspot.

3) Sunway and Encorp does have land for future development nearby, the answer you need to self dig (hate spoon feeding). After you know where is their future development and concept, then you'll appreciate why I purchase phase 1. Phase 2 not bad...just slightly harder to digest for now. Once other (Sunway and Encorp) future development starts, the digestion will be better eventually.

4) MRT Line
The study of MRT line is very important...go read at MRT.com.my to know where's the next station is...therefore you know what type of profession or person may rent a unit from you. Therefore you may predict the rental value. Of course there will be competition among Casa Indah 1 and 2, but there always a debate and investment cost between people who wanna rent/buy old completed property.

5) Surrounding rental price
Current surrounding rental price are based on today without MRT and without Shopping Mall, there will be rental appreciation once the MRT is complete. Study the oversea nearby property such as Singapore, Tokyo, Hong Kong and London. Those command good public transport will command good rental demand and good rental yield.

6) Tropicana Gardens development
Even thou there is 4 blocks of serviced apartment, average 400 units per blocks, what do you expect from the 1 million sqft build up mall? Let's say 50% occupancy, there would be 800 units. Based on the number of occupants, do you think the mall tenants will improve? Once the mall tenants improve, it will affect back on the rental price as well...and vice versa.

7) Capital Appreciation
Have to depends on Sunway and Encorp future development and TG shopping mall concepts. So far from what Sunway Nexis brochure, it does look promising and benefit to TG residence as well...


there's few more points that I may add later, as for now I'm tired and sleepy...good night to you all and happy hunting.

This post has been edited by Ero-Sennin: Mar 9 2013, 12:28 AM
Ero-Sennin
post Mar 9 2013, 10:18 AM

Enthusiast
*****
Senior Member
930 posts

Joined: Jun 2009
From: Somewhere I Belong...



Now 10am almost fully sold
Ero-Sennin
post Mar 9 2013, 07:05 PM

Enthusiast
*****
Senior Member
930 posts

Joined: Jun 2009
From: Somewhere I Belong...



QUOTE(superpigchan @ Mar 9 2013, 05:39 PM)
1.1 million for 983 sqft unit and leasehold ??!! My concerto is 1706 sqft less than a million , private lift lobby and freehold somemore...what is the rental look at? 6k ? 7 k?? But people still buy....is it a psycho games?
*
It's because they all understand this area and realized it's potentiality.
Ero-Sennin
post Mar 9 2013, 08:11 PM

Enthusiast
*****
Senior Member
930 posts

Joined: Jun 2009
From: Somewhere I Belong...



QUOTE(Happyman @ Mar 9 2013, 08:07 PM)
It's a good investment.  1100psf now and 1400-1500psf 4 years later.  Casa indah 1 & 2 will still be 500psf in 2017.  1 unit in TG can buy 3 units in casa indah 1 & 2.
*
What if I tell you Casa Indah 1 and 2 psf may not increase as high as you expecting...what do you think?

Later I share my findings about this.
Ero-Sennin
post Mar 9 2013, 09:12 PM

Enthusiast
*****
Senior Member
930 posts

Joined: Jun 2009
From: Somewhere I Belong...



Why I said Casa Indah 1 and 2 psf might not increase is mainly due to MRT Corp had confirm to construct an underpass (example like The Curve)...

Pro and Con for the underpass to Casa Indah 1 and 2 is...??? smile.gif
Ero-Sennin
post Mar 10 2013, 06:52 AM

Enthusiast
*****
Senior Member
930 posts

Joined: Jun 2009
From: Somewhere I Belong...



Dijaya's Sales & Marketing team had set new benchmark for Damansara. Others developers surrounding will and may use similar pricing and higher for their future development...


Ero-Sennin
post Mar 10 2013, 08:15 AM

Enthusiast
*****
Senior Member
930 posts

Joined: Jun 2009
From: Somewhere I Belong...



QUOTE(C&D @ Mar 10 2013, 07:25 AM)
Well, this observation is true for now.

It also depends a lot on how the developments really turns out. TG must be executed so well, the price tag is justified.

1,100 is VERY high. It will definitely go higher for Ph 3 and 4, but can it be sustained? It depends on how successful the whole development turns out eventually. 1 thing I think is quite certain is that Phase 1 buyers now confirmed good profits in the bag.

Phase 2 buyers have a lot of wait and see...
*
Anyway Encorp and Sunway will probably make a link bridge to the MRT for their future launches and probably add-in to their construction cost...so their future launches price will be high as well...

Just my 2cents observation.
Ero-Sennin
post Mar 10 2013, 05:52 PM

Enthusiast
*****
Senior Member
930 posts

Joined: Jun 2009
From: Somewhere I Belong...



Their 2 days sales had proven to all that the market is not soft.
Ero-Sennin
post Mar 11 2013, 09:34 AM

Enthusiast
*****
Senior Member
930 posts

Joined: Jun 2009
From: Somewhere I Belong...



QUOTE(propertyselangor @ Mar 11 2013, 04:44 AM)
i totally agree with your thought.  thumbup.gif
Also, I don't understand it, Bukit Utama is selling only at avaerage 600psf, only shortfall is their size are 2k+ sq ft?
But 1.6 mil for TG 1.5K sq ft, myself get BU unit 2k sq ft at lower price.

I guess there is why 1.5k sq ft still have 20 units left, 1.2k sq ft have 3 left when I left about 1:30pm.
for a total of 413 units, good job done for Tijaya. 

1.1k psf for leasehold unit in KD, just don't make sense for me. There are many better options.

But there could be one that can cost the property price flying super high, as Robert Kiyosaki said it
when he was in Malaysia last year "it is not the property is expensive, it is the currency is depreciating",
while if every one is printing money, what is the value of currency
*
I guess that's the Magic of Tropicana Gardens...really kudos to their team...
Ero-Sennin
post Mar 11 2013, 11:21 AM

Enthusiast
*****
Senior Member
930 posts

Joined: Jun 2009
From: Somewhere I Belong...



QUOTE(C&D @ Mar 11 2013, 10:59 AM)
I have to say although I am a HUGE fan of Tropicana township and also TG, 1,100 psf is a tad too high. Phase 1 buyers have a lot more avenue to "throw" price when they want to sell their units.

Nevertheless, this is a very well planned and respected township. Affluent people makes up almost the entire population here, and more affluent ones are joining the fun.
There is a feel-good factor.

KL, whatever it's worth, is not a township - it's just the center of things. It's messy in KL if you ask me.

If you ask more affluent youngsters from outstation moving to KL/PJ where they'd like to move to, likelihood they will choose here more than KL.
*
If LYN forum here got "LIKE" button, I'll give you a +1 nod.gif
Ero-Sennin
post Mar 11 2013, 11:34 AM

Enthusiast
*****
Senior Member
930 posts

Joined: Jun 2009
From: Somewhere I Belong...



QUOTE(Bobby C @ Mar 11 2013, 10:26 AM)
Few selling points of this condo compare say KLCC, Mont Kiara etc:-

i. MRT at door steps as all know. How many condo the same?
ii. Golf view. How many the same?
iii. Shopping malls like Giza across the road. How many the same?
iv. International schools, hospital just 1 station away. How ..?
v. Exit to highways- nkve, penchala link
vi. The curve, ikano, 1U can travel 2/3 stations away by MRT w/o jam

Obviously overpriced now. Unless one can foresee what's gonna happen upon completion of MRT.
*
Another +1 for you. Sometimes I rather give hints here in this forum rather than spoon feed them.
Ero-Sennin
post Mar 11 2013, 11:53 AM

Enthusiast
*****
Senior Member
930 posts

Joined: Jun 2009
From: Somewhere I Belong...



Seasonal property investors will understand, the more unique selling points the property have, the higher values it will be...please name me high end condos in KL, beside the prime land near KLCC...what else do they have?
Ero-Sennin
post Mar 11 2013, 11:57 AM

Enthusiast
*****
Senior Member
930 posts

Joined: Jun 2009
From: Somewhere I Belong...



I've been walking in their sales gallery for 1st and 2nd day...I've seen investors all the way from Ipoh, Johor, Singapore, Japan, England, Australia...they do bought 1 unit and some bought 2 units.

Please process yourself why these peoples bought this property instead, where they can choose alternative in KL City Centre lifestyle?
Ero-Sennin
post Mar 11 2013, 11:58 AM

Enthusiast
*****
Senior Member
930 posts

Joined: Jun 2009
From: Somewhere I Belong...



QUOTE(Bobby C @ Mar 11 2013, 11:52 AM)
In 2004 when we first entered the area, many friends and family members look down on KD, leasehold, strata blah blah.Tat time Persiaran still under construction. Mutiara dusty like desert.

But we saw, Ikano, Ikea, Curve, 1U, MNCs throwing tons of money next door. We saw exit to NKVE, penchala link. We saw golf course.

Put it this way, even if freehold condo does it make much different? Freehold/leasehold if purpose for rental your tenants care? Anything above 30yrs irrespective freehold/leasehold will need major retrofit/upgrading.

TG nothing to shout abt compares other condos. Only selling point is MRT. Mat salleh/expats will love mrt. Tat's how ppl in developed nations travel.

Fuel price expected to rise aft ge13. Hopefully in turn there will be less cars on the road. But proton annual sales target to sell 500k in the near future. Would there be less cars on the road?

So many condos around. So what's the selling point? You choose.
*
at last we have some similar point of views...another +1 for you
Ero-Sennin
post Mar 11 2013, 01:00 PM

Enthusiast
*****
Senior Member
930 posts

Joined: Jun 2009
From: Somewhere I Belong...



QUOTE(Happyman @ Mar 11 2013, 12:32 PM)
Soft in 2015 then rebound in 2016 ma.....its when all TG phases completed.....1800psf subsale "Ding Gor Look Jer" lah.....
*
Hehe... +1 to you bro
Ero-Sennin
post Mar 11 2013, 01:01 PM

Enthusiast
*****
Senior Member
930 posts

Joined: Jun 2009
From: Somewhere I Belong...



QUOTE(Happyman @ Mar 11 2013, 12:19 PM)
Very simple reason.  The overall package of TG. 

These buyers very smart.

Usually, only a very small group of people can make money, they take risk, they see what others cant see.  When they buy, people talk bad, when they make money, people red eye.  When TG3 launch, then they all say TG1 and 2 buyers very happy.
*
Yalar...there are some people unable to get a piece of the cheese and says eating cheese is bad for health...hehe
Ero-Sennin
post Mar 11 2013, 01:03 PM

Enthusiast
*****
Senior Member
930 posts

Joined: Jun 2009
From: Somewhere I Belong...



QUOTE(C&D @ Mar 11 2013, 12:03 PM)
At the end of the day, perception is very critical to the success of anything, even more so property.

Companies spend billions and millions on marketing, and the reason why is obviously clear. EFFECTIVE marketing is very useful, and sustaining that view is even more so...

The township and TG are very well perceived, and like you said, yes, overseas investors are coming as well. It is the talk of the town.
*
Another +1 for you...we must sit down one day and share properties point of view
Ero-Sennin
post Mar 11 2013, 01:38 PM

Enthusiast
*****
Senior Member
930 posts

Joined: Jun 2009
From: Somewhere I Belong...



QUOTE(Happyman @ Mar 11 2013, 01:34 PM)
Ya lar they all red eye mah.  When TG3 launch they will say the same thing to TG3 buyers.  Then TG4 launch they will say the same thing.  They keep repeating themselves because they don't dare to take risk, but if make money they red eye and bad mouth la. 

These people will never make money one.  Even market crash they also won't go in one.  These people sit at the sideline forever and watch people make money only.
*
NO RISK NO GAIN...just as NIKE slogan said "JUST DO IT"
Ero-Sennin
post Mar 11 2013, 02:00 PM

Enthusiast
*****
Senior Member
930 posts

Joined: Jun 2009
From: Somewhere I Belong...



QUOTE(cybermaster98 @ Mar 11 2013, 01:57 PM)
Rebounds are dependant on how bad the drop is in the first place. Also depends on how the overall economy of the country is at that time. But most importantly is investors must have the holding power cuz if they dont and they start throwing prices just to off load their properties, then ull get a dinamo effect of falling prices.
*
Do you think the buyers for phase 2 bought 700k studio have no holding power? You are underestimated them. Anyway...its Domino Effect...not Dinamo Effect...

Since you talking about economic of downfall...and you holding 5 properties should start selling all now...don't wait wor...otherwise you not burn...its roasted.

21 Pages < 1 2 3 4 5 > » Top
 

Change to:
| Lo-Fi Version
0.6685sec    0.38    7 queries    GZIP Disabled
Time is now: 13th December 2025 - 11:51 AM