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 The Fennel @ Sentul East by YTL, Sentul East YTL

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vectorian
post Jul 23 2013, 02:45 PM

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QUOTE(ProPStaR @ Jul 23 2013, 02:18 PM)
Now, let's take maple as a comparison, because it was marketed as higher end. I am sure it has gave a nice return today. But can anyone recall, how much profit when it was just completed ?  It seems maple was never mentioned as good investment of YTL properties but it rather the best comparison to take instead of saffron, midfields, centrio that were marketed cheaper and affordable.

Besides, the price escalation, is the market transaction normal for maple ? Just afraid got price no market.
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My 2 cents:

Point 1 - I agree with you that most people/investors do not mention Maple as I assume because when it was launched, it was close to tripled the price of Saffron hence although it appreciated in value, the percentage is not as great as Tamarind, Saffron or Midfields. With the recent repainting and the gigantic park, I still feel Maple is THE best property in entire Sentul today even with Fennel in consideration. Maybe I am a sucker for balconies tongue.gif

Point 2 - 4.5yrs is too far to predict.. anything can happen in that time and Sentul may flourish by then who knows.
xyyap
post Jul 23 2013, 05:32 PM

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QUOTE(Prop321 @ Jul 22 2013, 11:35 PM)
I am ytl repeat buyer and will humbly share my thought.
Bought tamarind 200k, sold 500k. Bought midfields 220k, sold 480k. Bought saffron 240k, sold early 460k. Bought d6 500k but stucked couldnt rent out! Bought capers 480psf and will be happy to sell 700psf upon vp. Bought fennel 660psf.
Its not perfect but overall i am happy with ytl. Even if fennel is stagnant at 660psf in 4.5 yrs, i am ok with it, becoz i have been averaging up. This is probably the thoughts of many ytl supporters.
When midfields 2 launch, i will go in to get 1 or 2 units regardless of pricing as long as i can get units in first block. This is because ytl always reward buyers of early blocks
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Brother, this proof u are solid investor, because u bought & cash out during property bull run.

BUT this does not really proof ytl is great.

From your trade, like how brother MrHunter think, flip property where local Malaysian comfortable with the price.

chengcheng
post Jul 23 2013, 10:34 PM

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QUOTE(ProPStaR @ Jul 23 2013, 02:18 PM)
God knows I am with you guys. YTL properties never lose money. I agree and many have already made money from YTL.
We all know YTL is like our choi san and never disappoint us.
We can quote a number of great YTL properties that gave us durian runtuh.
Now there are 2 points of discussion i want to bring up.
We all also know that YTL workmanship sux, therefore, most property are not luxury. Most prop launched were quite affordable and cheap. When completed it is, it still sux but looks nice exterior.
Now, let's take maple as a comparison, because it was marketed as higher end. I am sure it has gave a nice return today. But can anyone recall, how much profit when it was just completed ?
It seems maple was never mentioned as good investment of YTL properties but it rather the best comparison to take instead of saffron, midfields, centrio that were marketed cheaper and affordable.
Besides, the price escalation, is the market transaction normal for maple ? Just afraid got price no market.
Now my second point of discussion .. everyone knows YTL properties make money. We all know history. But we forget about foundation. First why is everyone buying Fennel ? Can i safely assume 70% bought for flipping ? and that is around 700 units available in the market 5 years later. Investment breaks down to rental and capital appreciation. Capital appreciation is also related to rental. I guess we can safely assume that rental play is not game plan here. So out it goes. Capital appreciation also depends on demand. People who buy 5 years later meant to stay. But will there be such huge demand in Sentul area to support for that kind of supply of speculators ? It will not be something affordable 5 years later. Despite it's iconic look, do we have so many buyers in Sentul ? Can someone enlighten me or share your thoughts.
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+1
JamesPond
post Jul 23 2013, 10:45 PM

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Talk too much about future. If you know the future, you won't be here.
kingalfred9999
post Jul 23 2013, 11:45 PM

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I cant believe my eyes..
assuming auction price is 20-30% below market price... then the translated psf is 680psf? Then Fennel buyer got very very very good deal!

http://www.iproperty.com.my/propertylistin...ominium_ForSale

My first congratulatory statements to all Fennle buyer...

btw... i think we should focus the discussion here for sentul east... not siber siber siber... hakkk chooo.. peace..


chulk
post Jul 23 2013, 11:48 PM

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QUOTE(kingalfred9999 @ Jul 23 2013, 11:45 PM)
I cant believe my eyes..
assuming auction price is 20-30% below market price... then the translated psf is 680psf? Then Fennel buyer got very very very good deal!

http://www.iproperty.com.my/propertylistin...ominium_ForSale

My first congratulatory statements to all Fennle buyer...

btw... i think we should focus the discussion here for sentul east... not siber siber siber... hakkk chooo.. peace..
*
i bet you never been to any property auction for these few years... hmm.gif
kingalfred9999
post Jul 23 2013, 11:51 PM

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QUOTE(chulk @ Jul 23 2013, 11:48 PM)
i bet you never been to any property auction for these few years... hmm.gif
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i never been to any auction in my life because i dont believe in it.. all kautim here and there to make sure no bidding and i dont like the fact i cant access the unit.

any problem?


chulk
post Jul 23 2013, 11:53 PM

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QUOTE(kingalfred9999 @ Jul 23 2013, 11:51 PM)
i never been to any auction in my life because i dont believe in it.. all kautim here and there to make sure no bidding and i dont like the fact i cant access the unit.

any problem?
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obviously you dont know much about it.
anyway is ok~ smile.gif
kingalfred9999
post Jul 23 2013, 11:56 PM

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QUOTE(chulk @ Jul 23 2013, 11:53 PM)
obviously you dont know much about it.
anyway is ok~ smile.gif
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wow.. u know a lot.. can u enlighten me? cuit cuit cuit... must be another hidden dragon.....

but can only be proven if u can tell ...
RevoWithin
post Jul 24 2013, 08:19 AM

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hehe... chulk.. he dunno who you are..
idoblu
post Jul 24 2013, 08:35 AM

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QUOTE(accetera @ Jul 22 2013, 11:23 PM)

Chee was rewarded for his diligence by getting a three-room 1,186 sq ft apartment within the first block for about RM820,000
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wow so lucky this Chee.... sweat.gif
fongozic
post Jul 24 2013, 08:49 AM

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the setia sky block A,B ready to move in with RM800/sft next time total 880 unit like fennal too.. will it be over supply condo in this area next time?

klangboy83
post Jul 24 2013, 09:32 AM

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QUOTE(chulk @ Jul 23 2013, 11:53 PM)
obviously you dont know much about it.
anyway is ok~ smile.gif
*
interested to know more about auction, are we able to get the Saffron unit for this kind of bidding price (RM570k)? or should we not waste time to attend bidding? please share your kang tao, thank you!

chulk
post Jul 24 2013, 09:41 AM

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QUOTE(klangboy83 @ Jul 24 2013, 09:32 AM)
interested to know more about auction, are we able to get the Saffron unit for this kind of bidding price (RM570k)? or should we not waste time to attend bidding? please share your kang tao, thank you!
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this is what happened for most hot properties auction.

1. 60% chances of the auction will called off.
2. if not, you will see about 50-150 peoples ( at least ) try to bid the same properties with you
3. if reserve price 570K, usually auctioneer will start the bidding with higher price, let say 650K
4. most likely you wont have chance to raise your hand unless you are super rich
5. 99% chances of the deal closed at 5-15% above market value.
6. and you go back home with a good lesson, cancel the banker cheque, and swear no more next time rclxms.gif
mingyew
post Jul 24 2013, 09:44 AM

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QUOTE(chulk @ Jul 24 2013, 09:41 AM)
this is what happened for most hot properties auction.

1. 60% chances of the auction will called off.
2. if not, you will see about 50-150 peoples ( at least ) try to bid the same properties with you
3. if reserve price 570K, usually auctioneer will start the bidding with higher price, let say 650K
4. most likely you wont have chance to raise your hand unless you are super rich
5. 99% chances of the deal closed at 5-15% above market value.
6. and you go back home with a good lesson, cancel the banker cheque, and swear no more next time rclxms.gif
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LOL , everytime i swear, everytime i cannot tahan and go again for auction..
chulk
post Jul 24 2013, 09:46 AM

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QUOTE(mingyew @ Jul 24 2013, 09:44 AM)
LOL , everytime i swear, everytime i cannot tahan and go again for auction..
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and you see and wonder why so many crazy people right? biggrin.gif
mingyew
post Jul 24 2013, 09:48 AM

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QUOTE(chulk @ Jul 24 2013, 09:46 AM)
and you see and wonder why so many crazy people right?  biggrin.gif
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ya, and everytime i feel amazed. lol
chicaman
post Jul 24 2013, 10:57 AM

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So the golden question is, these people that raise their hand during the auction dont know market price? or simple because they are too rich?

Lets say the property is 700k market value and a safe range between 5-15% is 10% which is around 70k extra.
kurtkob78
post Jul 24 2013, 11:14 AM

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QUOTE(chicaman @ Jul 24 2013, 10:57 AM)
So the golden question is, these people that raise their hand during the auction dont know market price? or simple because they are too rich?

Lets say the property is 700k market value and a safe range between 5-15% is 10% which is around 70k extra.
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maybe they dont know the bank value and the cons of auction price like need to renovate, owner dont want to leave and so on

Or maybe too excited wanna lawan other bidder till lose control of emotion and continue bid as long as can win

or maybe they are too rich rclxub.gif
Kvsual
post Jul 24 2013, 11:17 AM

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QUOTE(RevoWithin @ Jul 24 2013, 09:19 AM)
hehe... chulk.. he dunno who you are..
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I really dont know who chulk kor is leh? lets me know?
I just know he's incharge of Cloudtree lol

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