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Investment VERVEĀ® SUITES @ KL SOUTH [OWNERS' THREAD], Old Klang Road... near Mid Valley!

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HarpArtist
post Jun 18 2015, 06:11 PM

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QUOTE(jinsailoo @ Jun 18 2015, 11:08 AM)
from my point of view,
if i pay this premium price would like to stay in:

1)quiet and green area around like BJ/taman desa/ OUG
2)prime area like bangsa/eco city/MV
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agree. location location. the ppl above me who say dev give good furnishings and ID, well, just reno the Ppr next door for a fraction of the price. good luck to verve. how can okr sell for same price as mont kiara? aiyo... too futuristic for me, the pricing and location tongue.gif
skcJVN
post Jun 18 2015, 06:22 PM

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I stay nearby , i appreciate verve suites bring same change for OKR.
Babizz
post Jun 19 2015, 09:27 AM

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QUOTE(mthc @ Jun 17 2015, 08:19 PM)
I so happen to find u here!

Haha OKR fansi is here. Oh so now u think Scott garden and Pearl point aka whore houses are good malls. While in the in the other topic, u were saying u did not touch a thing on any malls.

Anyway you have already purchased a 600++ units condo which you though it was sailing in the "low density" range. Nearby to whore houses and expecting it to hit Rm1.2k per sq ft like Verve haha!

Back to Southbank. I was indeed interested. But I pulled back because of the incoming massive supply along OKR stretch, future traffic congestion, stagnant rental yields for 5 years and very dull capital appreciation. You have to take yr interest to bank and other etc cost u dumped into yr purchase into consideration as well. What is yr return on investment?

Back to basic. U bought southbank for 650,000. Minus 3 zeros. Yr weekly rental should be 650 for an average rental yield of close to 5%. Are u able to fetch 2600 rental a month?

2.6k rent in OKR. I clap hand for u la bro. You setting benchmark like Verve also. Next time after u set thIs benchmark then I will definitely invest in OKR!! Pioneer.

No one here is trying to bring u down. Good luck on yr purchase. Congrats again.

smile.gif
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Whore house is a better way to put this OKR malls.. brows.gif brows.gif I counted OKR stretch supply n i bliv it exceeds 10k units including parklane..

QUOTE(HarpArtist @ Jun 17 2015, 08:27 PM)
2.5 to 3k can get parkview right next to klcc... what u think? anyway okr is jam beyond belief during certain hours, lack of public transport is bad, Midvalley is so near yet so far. i wld never invest here. rent... if very low maybe. but for the very low rent near kl already got elements ampang, much nicer neighbourhood. and even closer to klcc. brows.gif
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Parkview can get 2k also n rental going down due to skysuites construction beside.. Elements area is much nicer than jammed up/unplanned OKR..

QUOTE(jinsailoo @ Jun 17 2015, 09:08 PM)
from my point of view,
if i pay this premium price would like to stay in:

1)quiet and green area around like BJ/taman desa/ OUG
2)prime area like bangsa/eco city/MV
*
Buyer will say this is prime area only cos it's BKP icon_rolleyes.gif icon_rolleyes.gif icon_rolleyes.gif
myproblem
post Jun 19 2015, 09:38 AM

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Near Mid Valley??? Mid Valley is in the middle, No need Verve Suite, everywhere is near mid valley.
jinsailoo
post Jun 19 2015, 11:52 AM

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QUOTE(Babizz @ Jun 19 2015, 09:27 AM)
Whore house is a better way to put this OKR malls.. brows.gif  brows.gif I counted OKR stretch supply n i bliv it exceeds 10k units including parklane..
Parkview can get 2k also n rental going down due to skysuites construction beside.. Elements area is much nicer than jammed up/unplanned OKR..
Buyer will say this is prime area only cos it's BKP  icon_rolleyes.gif  icon_rolleyes.gif  icon_rolleyes.gif
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BKB really do well in the MK,

their start develope MK in 1997/98 which down time in property make it so much fansi
Babizz
post Jun 19 2015, 12:08 PM

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QUOTE(jinsailoo @ Jun 18 2015, 09:52 PM)
BKB really do well in the MK,

their start develope MK in 1997/98 which down time in property make it so much fansi
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MK success story cos MK is a city on its own with everything there.. this is a standalone project with lousai surrounding or am i wrong in these OKR fansi eyes hmm.gif hmm.gif hmm.gif If this can be many towers n retail over 50-100 acres then maybe got chansi but the prices are wayy too high eitherwise nod.gif nod.gif
nycvang
post Jun 19 2015, 12:29 PM

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QUOTE(Babizz @ Jun 19 2015, 12:08 PM)
MK success story cos MK is a city on its own with everything there.. this is a standalone project with lousai surrounding or am i wrong in these OKR fansi eyes  hmm.gif  hmm.gif  hmm.gif If this can be many towers n retail over 50-100 acres then maybe got chansi but the prices are wayy too high eitherwise  nod.gif  nod.gif
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True statements rclxms.gif



TSaccetera
post Jun 21 2015, 12:35 PM

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Is Amber Chia still staying in OKR area?
alextyw85
post Jun 22 2015, 06:16 PM

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QUOTE(so-propinvestment @ Mar 19 2015, 06:32 PM)
Exism will have big development nearby this project..

Interesting to see how they price their project
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Any idea when Exsim will launch their project, the location is just next door but no info from the sales team yet... mind to share more on Exsim project ?? TQ.
TSaccetera
post Jun 22 2015, 06:33 PM

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QUOTE(alextyw85 @ Jun 22 2015, 06:16 PM)
Any idea when Exsim will launch their project, the location is just next door but no info from the sales team yet... mind to share more on Exsim project ?? TQ.
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Not so soon.
Soulheal3r
post Jun 22 2015, 08:02 PM

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QUOTE(Babizz @ Jun 19 2015, 12:08 PM)
MK success story cos MK is a city on its own with everything there.. this is a standalone project with lousai surrounding or am i wrong in these OKR fansi eyes  hmm.gif  hmm.gif  hmm.gif If this can be many towers n retail over 50-100 acres then maybe got chansi but the prices are wayy too high eitherwise  nod.gif  nod.gif
*
Hi Mr.Babizz, dont be too emotional and calling most of the investor here with so called named 'fansi'. An avid investor like me, will jus put in money when they see opportunity to grow their money and no doubt OKR location is very very strategic. I believe that the price for verve suites may be on the high side, but then again those banker who gave the valuation of RM1200 persqft must have not been a fooled. Perhaps u r the Mr.Expert here who jus know everything but yet giving such a silly comments.
Let us take a simple look on the neighbouring to Mont Kiara, like Dutamas and Segambut aka North kiara. It is proven that the spill over effect will definitely be felt there and please not compare Mont Kiara with OKR coz it really show how shallow u can be, why not u compare with Bangsar South.
Neighbouring to Bangsar South, its OKR and the location sits on the Golden Triangle of greater KL. Besides location, the surroundings maybe a bit let down to you but guess what. It may not be as up / higher class as you claimed it to be on par with Mont Kiara coz OKR is already known for mid class. Mr.Babizz must be a real expert here to compare OKR (mana Ada Expat) with Mont Kiara(Expatriate), and not Bangsar South(Expatriate). I am very optimistic on the future growth of OKR and i am talking about location, location and location. Im seeing potential here and if u dont like it please dont stop by and giving nonsense comment like it will failed badly. Time will prove everything.

spydermind
post Jun 22 2015, 08:34 PM

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Actually, on psf basis, you can find better deal in MK. Really depend on individual and investment appetite.
forever1979
post Jun 22 2015, 08:38 PM

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past by last 2 weeks, seems like they are having open house.

any idea when will VP ?


Babizz
post Jun 22 2015, 08:45 PM

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QUOTE(Soulheal3r @ Jun 22 2015, 06:02 AM)
Hi Mr.Babizz, dont be too emotional and calling most of the investor here with so called named 'fansi'. An avid investor like me, will jus put in money when they see opportunity to grow their money and no doubt OKR location is very very strategic. I believe that the price for verve suites may be on the high side, but then again those banker who gave the valuation of RM1200 persqft must have not been a fooled. Perhaps u r the Mr.Expert here who jus know everything but yet giving such a silly comments.
Let us take a simple look on the neighbouring to Mont Kiara, like Dutamas and Segambut aka North kiara. It is proven that the spill over effect will definitely be felt there and please not compare Mont Kiara with OKR coz it really show how shallow u can be, why not u compare with Bangsar South.
Neighbouring to Bangsar South, its OKR and the location sits on the Golden Triangle of greater KL. Besides location, the surroundings maybe a bit let down to you but guess what. It may not be as up / higher class as you claimed it to be on par with Mont Kiara coz OKR is already known for mid class. Mr.Babizz must be a real expert here to compare OKR (mana Ada Expat) with Mont Kiara(Expatriate), and not Bangsar South(Expatriate). I am very optimistic on the future growth of OKR and i am talking about location, location and location. Im seeing potential here and if u dont like it please dont stop by and giving nonsense comment like it will failed badly. Time will prove everything.
*
If anyone reads ur comment, u are the only one being emotional here.. OKR location is strategic for those Perumahan rakyat n tens of thousands of units are here, one i attach the pic down, also many whore house here so easy to make hourly s** hotel. Dutamas n segambut still much cheaper than MK n also this OKR.. problem is prices here (1200psf) already exceed bangsar south (1kpsf) while segambut/dutamas still much cheaper than MK!

I COMPARED BKP'S MK WITH THIS ONE COS JINSAILOO DOWN HERE SAID THEY DID WELL IN MK. PLS READ B4 COMMENTING BLINDLY Golden Triangle of greater KL is the damansara heights, bangsar kl sentral kenny hills stretch not this slum area with more pics available below.. OKR pantai area is for poor/lower mid income ppl...

In ur sense, location would include VERVE units directly facing into PPR, wet market, factories nearby, NPE noise from 2 sides n special sevice nearby in scotz garden.. If OKR is so strategic, this won't be called Verve Suite KL South brows.gif brows.gif brows.gif

Again time will tell cos i wana see who wana rent this place for RM2.5k or even RM2k.. I will quote u again when the time comes n most units can't be leased out.. Property is all about location n the surroundings n this is something verv failed big time hence less than 40% sales for only 1 block.. I willing to predict that this PPR area high end apartment will never even sell 60% of all units

QUOTE(jinsailoo @ Jun 18 2015, 09:52 PM)
BKB really do well in the MK,

their start develope MK in 1997/98 which down time in property make it so much fansi
*
Hi bro, sorry had to tag u cos someone above is blind n didnt read the previous comments.. Blinded by OKR

This post has been edited by Babizz: Jun 22 2015, 09:19 PM


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HarpArtist
post Jun 22 2015, 09:11 PM

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QUOTE(Babizz @ Jun 22 2015, 08:45 PM)
If anyone reads ur comment, u are the only one being emotional here.. OKR location is strategic for those Perumahan rakyat n tens of thousands of units are here, one i attach the pic down, also many whore house here so easy to make  hourly s** hotel. Dutamas n segambut still much cheaper than MK n also this OKR.. problem is prices here (1200psf) already exceed bangsar south (1kpsf) while segambut/dutamas still much cheaper than MK!

I COMPARED BKP'S MK WITH THIS ONE COS JINSAILOO DOWN HERE SAID THEY DID WELL IN MK. PLS READ B4 COMMENTING BLINDLY Golden Triangle of greater KL is the damansara heights, bangsar kl sentral kenny hills stretch not this slum area with more pics available below.. OKR pantai area is for poor/lower mid income ppl...

In ur sense, location would include VERVE units directly facing into PPR, wet market, factories nearby, NPE noise from 2 sides n special sevice nearby in scotz garden.. If OKR is so strategic, this won't be called Verve Suite KL South  brows.gif  brows.gif  brows.gif

Again time will tell cos i wana see who wana rent this place for RM2.5k or even RM2k.. I will quote u again when the time comes n most units can't be leased out.. Property is all about location n the surroundings n this is something verv failed big time hence less than 40% sales for only 1 block.. I willing to predict that this PPR area high end apartment will never even sell 60% of all units
Hi bro, sorry had to tag u cos someone above is blind n didnt read the previous comments.. Blinded by OKR
*
even jalan ampang renting for 1.7k or less how in the world is OKR going to rent for 2k. no public transport, jam round the clock, nearest mall midvalley but not near to drive at all. if i want to stay near midvalley (and i do at this point of time) i would surely rent bangsar for 2.5k budget. if can't find, then bangsar south. i an in okr every week, right at the verve suite site, i won't want to visit more than once a week tongue.gif

mont kiara still can get 800psf or maybe less seriously how to buy here. the sister verve suites mont kiara, just offer the current sellers 1100psf sure they sell. those who think okr price will ever outdo mont kiara... well... HAHAHA

Soulheal3r
post Jun 22 2015, 09:21 PM

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QUOTE(Babizz @ Jun 22 2015, 08:45 PM)
If anyone reads ur comment, u are the only one being emotional here.. OKR location is strategic for those Perumahan rakyat n tens of thousands of units are here, one i attach the pic down, also many whore house here so easy to make  hourly s** hotel. Dutamas n segambut still much cheaper than MK n also this OKR.. problem is prices here (1200psf) already exceed bangsar south (1kpsf) while segambut/dutamas still much cheaper than MK!

I COMPARED BKP'S MK WITH THIS ONE COS JINSAILOO DOWN HERE SAID THEY DID WELL IN MK. PLS READ B4 COMMENTING BLINDLY Golden Triangle of greater KL is the damansara heights, bangsar kl sentral kenny hills stretch not this slum area with more pics available below.. OKR pantai area is for poor/lower mid income ppl...

In ur sense, location would include VERVE units directly facing into PPR, wet market, factories nearby, NPE noise from 2 sides n special sevice nearby in scotz garden.. If OKR is so strategic, this won't be called Verve Suite KL South  brows.gif  brows.gif  brows.gif

Again time will tell cos i wana see who wana rent this place for RM2.5k or even RM2k.. I will quote u again when the time comes n most units can't be leased out.. Property is all about location n the surroundings n this is something verv failed big time hence less than 40% sales for only 1 block.. I willing to predict that this PPR area high end apartment will never even sell 60% of all units
Hi bro, sorry had to tag u cos someone above is blind n didnt read the previous comments.. Blinded by OKR
*
Please learn how to see, it is definitely on the high side i sd but in the coming years rm1200 psf will be acceptable. @_@
Babizz
post Jun 22 2015, 09:26 PM

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QUOTE(HarpArtist @ Jun 22 2015, 07:11 AM)
even jalan ampang renting for 1.7k or less how in the world is OKR going to rent for 2k. no public transport, jam round the clock, nearest mall midvalley but not near to drive at all. if i want to stay near midvalley (and i do at this point of time) i would surely rent bangsar for 2.5k budget. if can't find, then bangsar south. i an in okr every week, right at the verve suite site, i won't want to visit more than once a week tongue.gif

mont kiara still can get 800psf or maybe less seriously how to buy here. the sister verve suites mont kiara, just offer the current sellers 1100psf sure they sell. those who think okr price will ever outdo mont kiara... well... HAHAHA
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Boss,

I just did simple comparable study of rental in the area n there is this massase place called scott garden renting for RM2psf or RM1.5k p/month but transacting for 1.3k or 1.2k to ayam of cos..
http://www.propwall.my/classifieds/1506428...ent-by-calvin-c

Jln ampang area although high dense is a nice area.. bangsar south many retail, office, lrt, hotel, medical centre hence very livable unlike this pasar pagi area blush.gif blush.gif blush.gif
Babizz
post Jun 22 2015, 09:35 PM

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QUOTE(Soulheal3r @ Jun 22 2015, 07:21 AM)
Please learn how to see, it is definitely on the high side i sd but in the coming years rm1200 psf will be acceptable. @_@
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Problem is u bought d dam thing for 1.1k or 1.2k n u say coming yrs 1.2k is acceptable??? u just wana target to purchase price n forgot interest/holding cost?? is this called a good investment?

learn how to see what? i saw many things near verve suites that i don't wana see on a daily basis.. yr comeback so weak ah?
HarpArtist
post Jun 22 2015, 09:39 PM

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QUOTE(Babizz @ Jun 22 2015, 09:35 PM)
Problem is u bought d dam thing for 1.1k or 1.2k n u say coming yrs 1.2k is acceptable??? u just wana target to purchase price n forgot interest/holding cost?? is this called a good investment?

learn how to see what? i saw many things near verve suites that i don't wana see on a daily basis.. yr comeback so weak ah?
*
many ppl calculate, today i bought 500k, 20 years time sure more. of course, but holding cost=interest, maintenance, depreciation, and most important OPPORTUNITY COST. wink.gif
HarpArtist
post Jun 22 2015, 09:41 PM

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QUOTE(Babizz @ Jun 22 2015, 09:26 PM)
Boss,

I just did simple comparable study of rental in the area n there is this massase place called scott garden renting for RM2psf or RM1.5k p/month but transacting for 1.3k or 1.2k to ayam of cos..
http://www.propwall.my/classifieds/1506428...ent-by-calvin-c

Jln ampang area although high dense is a nice area.. bangsar south many retail, office, lrt, hotel, medical centre hence very livable unlike this pasar pagi area  blush.gif  blush.gif  blush.gif
*
haha the thing is, u know how many scott garden units r empty?! the rent will be flat for a good many years to come. but u gotta admit scott garden is cap ayam, verve suites at least is...you know...VERVE. thumbup.gif

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