ealiest phase (internal staff is 300psf). open to public is avg at 350psf after discount. but there are lots of ppl bought at 400psf for blk C and D. So I reckon 441psf is worth considering.

My friend just bought one

mind the High Density + Lack of Lifts + 1000+ units sharing one swimming pool and facilities + old factories around the area + reasonable distance to HTC.

KR2 x 2 units, I would say good buy if you are the early birds...

Yes the problem with Z is the current pricing is much higher compared to earlier launch. From an investment perspective, its not wise to go in now considering that the early phase owners actually bought at RM 320 psf (before discount) not RM350 psf. So paying RM 441psf now isnt really a good deal i think.

Yea i think KR2 is a good buy at RM 435 psf (after discount) considering DIBS, free SPA, semi furnished, better ammenities, lower density, 3 carparks and nearer to the new LRT station. Mine is Block C high floor facing pool and Kesas.

320psf is low floor and that is after discount, I did book one before release it.

Anyway, let's not hijack the 650psf Fennel thread here...let the Fennel discussion go on

How about Sentul LRT station instead of Sentul Timur?
My last "measurement and estimation" from Sentul east outer condo to Sentul LRT station is about 600plus meter.. walking distance as claimed by many residents.
Maybe no car and like walking?

But most that I have met are French and dutch (not ME)that walk to LRT. ME ppl so rich and got so much oil to burn...

Bro, for ZR, RM 320 psf is lowest floor price before 3% discount. I still keep the photo of the price list.

I was there that time on the first 2 days. If you're existing buyer or special bulk purchaser, can get much higher discount. I didnt buy via the invitation.

ytl has been sentul for 10+ years.

Environment not much development, except sexy condo.

I have read again the capers tread..exactly the same comments after the preview 2 years back. . Buyers say good things about the project and some others are bashing. .funny.. it always come back to the name Sentul..

Chill, we are in Malaysia, relax...

Well i think most developers over-use the term 'walking distance'. For me i would think maximum distance that would qualify under this category would be 400m or below. In Europe, US, Australia, etc walking distance can even be up to 1km as the weather is more condusive. Also in Malaysia, the longer the walking distance the more exposed you are to crime. Even driving in cars isnt safe anymore what more walking. The location of the 2 nearby LRT stations is also very near the low cost residences which makes it even more notorious.

Anyway, in short i think at 650 psf, YTL is making a real killing in this area especially compared to their original land purchase price which is barely 1/4 of their current developent cost. Either way, buyers in Fennel better be financially stable enough to hold on to their units for at least 2-3 years after completion in order to see decent capital appreciation.

The following article also doesnt add to our confidence:

http://www.malaysia-chronicle.com/index.ph...2#axzz2aaSg7UHs


This post has been edited by cybermaster98: Aug 1 2013, 03:15 PM

Well i think most developers over-use the term 'walking distance'.
+1

Plus they like to put within 5 minutes driving distance .. yeah, 3am la, some more plus every time you get Green Light at Traffic Lights

Bro, I totally understand where you are coming from. Regardless of the weather, take Singapore or HK for example, people do generally walk 500m to 1km to reach their public transportation station.

However, in Malaysia the main source of problems are
1. Crime !
2. No pedestrian friendly road.

Take away the initial land price, what about the inflation we are referring to? YTL need to naik gaji of everyone which they hired too, cost of construction has gone up. Of course, they still have bunch of shareholders to please, so making huge $$ is top of the mind.

LRT is just one of the selling point for Fennel, but not everything. People buy into the concept, the brand and the design. And I can guarantee you that 100% of the purchaser don't actually need the LRT as of today. Even if they close down the two LRT stations, that would not affect the life of the stayers.

Although I don't really like the location sentul in general, but looking at the market around there 650psf is what YTL price it fairly. That is also why investors sapu kering kering...

This post has been edited by surf-it: Aug 1 2013, 05:28 PM

It's not about buyers saying good things and wannabes bashing but about people not accepting reality.

Reality is that for lotsa reasons, capers and Fennel set new benchmarks in this area and whatever launched so far literally sold out even with limitations of one unit/person after hours queuing. At a price that many perceive as being too expensive in absolute terms but not considering the psf price is very reasonable.

There has never been any condominium launch with this kinda sale that I ever remember. Sold out except for penthouses with just 2 days of limited preview. This is reality.

So there are many who did not expect this. Especially among those that did not manage to get one or could not buy one for whatever reason eg affordability. There's lotsa emotions involved, some trying to justify to themselves more than anyone else the reasons they do not want to buy. As has been pointed out, most people who are not interested in a project will not even bother to spend time here. Then the comparisons with MK which absurdly is what some people think that Sentul is aiming for. Or at that price, can "easily" but a unit in MK being a "better" investment. Sentul is sentul and not MK nor KLCC nor any other fringe of some district 20km away! Comparing these projects with some leasehold development with neither the branding, design, locality, infrastructure and road connectivity is beyond me, with the justification of "better investment". Maybe they are, but fact is fact. The sales do not lie. Lookin back, many considered Capers in hindsight to be one if the best buys of the year it launched. Fennel is not Capers but judging from the sales it may very well be the same for 2013.

Whether its to buy for own stay, or investment or whatever, buyers are not dumb as many here would like to portray. It's embarrassing really to even imagine people who can afford to buy being people who are probably uneducated, with a brain too simple to think but buy because they follow the crowd. If that was true, then saner heads will prevail after the initial rush and we would see tonnes of drop out units back in the market! Alas, there are none. Probably due to presence if a waitin list rather than absolutely no drop outs. But again, fact is there are none to buy now even if you wanted to....other than humongous penthouses.

Not sure whether anyone can say the same for some "better buys" elsewhere!

This project is not about what Sentul is now, but about what Sentul could be. It's a strategic location albeit with an unfavorable past. Again, it's not gonna be an MK or KLCC, but it has a potential that no other freehold area within central KL has.

I know there are many buyers who just read the topic but never post due to the hostility. I sympathize with you all. Such is the standard of forums nowadays. What to do? Everyone is a "property investor" nowadays.

Well said Minolta! I wish i had known about Capers and bought for my own stay and now the price so super expensive for a small unit, i am prepared to wait 4yrs for Fennel. It is absolutely own judgemental, no right or wrong. I am so drawn to the concept of the space, sky gardens, 1acre park, the design, the classyness, sexy looking building...like i am so attracted to a woman..lololol

So in your terms, a property that sells faster during its launch is better? So the herds of ppl queing up to buy a condo is a clear reflection of the potential future returns from an investment sense? Have you heard of the term 'herd mentality'? Have you heard about 'economic cycles'? Did you notice the sudden rush by developers to open up their land banks and sell off developments? Do you really know whats happening in the back-ground? Please research the property crashes in US and other parts of the world and tell me what happened before the crash. You would be very surprised at the similarities. I think you need to read more about micro and macro economics and understand how the financial system ties into everthing.

If you have a similar inner circle of friends as i do, you would be posting comments along the same lines as i do and not the typical developer ultra positive talk which we have so often been subjected to.

Spend some time reading this thread:
https://forum.lowyat.net/topic/2889415/+360

Some of the furumers here are actually ppl in high society. They use nick names for obvious reasons. If you could connect who they really are with their comments, you wouldnt be so confident about a developments future potential purely based on the length of the queue.

Cheers!

Minolta, well said. +1

Relax everyone... this forum is like cyber fansi (aka ....nor any other fringe of some district 20km away) VS Sentul fansi/..(aka herds, dumb, cow)..

As far as I am, I am fansi of both cyber and sentul.. Like many of my friends do.... stay in sentul east on workday to assess Kl easily... and stay at cyber on weekend....
some argue that cyber can assess kl easily with mex.... ya, my friend who rides 200km/h on his superbike think so as well...
Shi*... im sidelining again...

peace.... imho 650psf for iconic building with easy access to KL is a steal lah....

I also agree RM650psf for such iconic buidling is really
Ok i posted about speculators number and looks like mostly are really buying to flip but I am sure many of them has holding power and would love to stay in such iconic building until they found someone willing to pay the price.
I would like to compare another YTL masterpiece with this is the forgotten Centrio.
It also very iconic and of cos price doubled after it was completed. But since then price has not been moving after that and there are difficulty in finding tenants as well.
Can we compare this again Centrio and what is your view ?
I think iconic is great but there is a limit and after some time, people still say location.
AFAIK, i dont see any property investment advise that says go for iconic building or have i missed out ?

so now this project unit all sold out already ?

@minolta +1 ..I am with you

wait till midfield 2 launch... same thing will happen again eg leasehold lah, high price, high maintenance lah, near htc etc

Back to talking about herd mentality again? So passé by now but to think that people buying 700psf condo just coz everyone else is buying shows the level of maturity in your thinking. Really, if you can't stop thinking that people buy capers and fennel without any thought and research, then you need to come back to reality.

Economics? Macro and micro? Come on. What are u doing in a property forum? And if you have bought anything in the past 6-12 months, then you're not doing why you preach! If you truly think that property is gonna tank for whatever economic reasons or articles that you attach written by any Tom d*** Harry, then why are you buying?

A success is not measured SOLELY based on how well the property sells, but if you can't even convince enough people to buy all the products you're selling, then your product ain't good enough as your competitor. Period!

Cheers

Drop out units start releasing from this week onwards, call them at Starhill to find out more despite I ' heard" the waiting list is long.