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 The Fennel @ Sentul East by YTL, Sentul East YTL

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ganster123
post Nov 15 2013, 11:12 AM

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QUOTE(PixelPete @ Nov 15 2013, 10:58 AM)
Developer's price for Capers was RM400++ psf. Stupid never buy that time. It was sold out 100% in 2 days wor... Now, Capers not even completed already RM800++ psf asking price.  shocking.gif

At first i wanted to buy Fennel during Phase 1 but hesitated after listening to some negative comments here. Haiya, missed the chance already. That too sold out during weekend. My fren went to Starhill on the Sunday of the phase 1 preview and told me eh how come no one here! I told him: Of course la... u think u the only one who likes the design ah!!?  doh.gif
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People start to realise that the big money is from capital appreciation of new launch.

I think I will go for one unit in case I regret later when MRT stations are up and the Sentul Master Plan is fully developed coz I heard my fren who work in YTL told me that YTL is going big bet on Sentul and the boss will not allow the bubble happen at Sentul East which eventually will affect the Sentul West.

Understood from him that coming Sentul East development will be fully on commercial to boost up the area then only developed the Sentul West. All Sentul West future launch will be at least 1000psf or more due to the landscaping planned at Sentul Park. This Fennel will be selling at minimum 750psf (mainly for bigger b/u like Type B). So, if I intend to get a Type A, may need to pay 800-850psf if I'm the top 100 people. Work out to be almost RM1mil for 1 unit. Go or no go rclxub.gif

mpca
post Nov 15 2013, 11:17 AM

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QUOTE(kingalfred9999 @ Nov 15 2013, 10:55 AM)
my 2c,
just my thoughts la..as this morning too free and nothing to do in ofis...
Pipu alwys like to compare (or make reference )with MK...

Generally MK occupancy rate is not high (supported by lack of lights at night) but so what? Most buyers are buying to keep and sell. Hence naturally it will be empty at night. It is "investor property (u can call is speculative) so expect it be that way smile.gif

As for Sentul-YTL only.... not other sentul, acclaimed with:
-YTL masterplan
-Connectivity to major highways
-LRT, KTM and MRT or even HSR (konon konon)
-parks and greenery (all or most YTL condos got parks, Maple, Saffron (except Tamarind)

My boobservation...
-By nature, rental yield is not super good (circa 5% according to one of the recent blog), expect more challenging rental environment for Fennel...(supply and price)
-a very very huge mixture of tenants with small community (unlike MK with Korea kampung, Japan village, french colony)... those in Sentul East and West are sort of isolated group. So far.. Upper class ME, americano, dutch, frenchies, korea, japang and of course the local..
- though no international school within the area, there are still many arrangements of bus/van picking up kids to take them to the private school nearby in the morning.

So what I think of Fennel and Capers as the impact?
- introducing of iconic buildings that could sort of attract some attentions to this area.
- more units available in the community... rental competition? Maybe create the more market place?
- another step to transform the sentul...

So what i personally experienced over the years? smile.gif
When tamarind n saffron was launched.. we asked ourself: What? Sentul? Why is the price so high?
When Capers was launched, we asked again. Why is the price 4xx psf (4xxpsf then was high)
Now, when fennels is launched.. I asked myself... why the price again?!

So far, all the YTL products in sentul enjoy very good flipping price and ofcourse superb security and maintenance .. record pricing is set each time defying gravity... eg: i never thought maple, saffron and tamarind subsale price today...can reach this level...

Good luck buyers...
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Good analysis and very true...those who have been following YTL's journey in Sentul over the last 10 years will attest to this...

cybermaster98
post Nov 15 2013, 11:27 AM

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Do remember that a good yardstick that we can use to determine if our property prices are sustainable or otherwise is the gross rental yield. Generally, rental yields of between 4-5% mean that the property is overpriced while yields of 6-7% mean that the property is fairly priced.

So when rental yields start dropping below 6%, that usually means that we're heading towards an unsustainable level and investors should practice extreme caution when investing. Most rental yields now are around the 4% range which is actually dangerous.

So always practice prudence before investing. Appreciation of the last 4 years should never be taken as Gospel truth for future capital appreciation. We are at the tail end of the property boom and nobody knows how long the next slump is gonna be.

cybermaster98
post Nov 15 2013, 11:31 AM

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QUOTE(ganster123 @ Nov 15 2013, 11:12 AM)
People start to realise that the big money is from capital appreciation of new launch.

I think I will go for one unit in case I regret later when MRT stations are up and the Sentul Master Plan is fully developed coz I heard my fren who work in YTL told me that YTL is going big bet on Sentul and the boss will not allow the bubble happen at Sentul East which eventually will affect the Sentul West.

Understood from him that coming Sentul East development will be fully on commercial to boost up the area then only developed the Sentul West. All Sentul West future launch will be at least 1000psf or more due to the landscaping planned at Sentul Park. This Fennel will be selling at minimum 750psf (mainly for bigger b/u like Type B). So, if I intend to get a Type A, may need to pay 800-850psf if I'm the top 100 people. Work out to be almost RM1mil for 1 unit. Go or no go  rclxub.gif
The bubble has already happened. The question now is when will it burst and how bad will the effects be. Some areas may experience major slumps while certain areas may only experience stagnation. Its the holding power of the investors which will determine how badly the property performs during a slump. If investors cannot hold on to their properties in the face of rising BLR, RPGT taxes, stamp duties, etc, then prices will drop eventually when subsale buyers stay away.
PixelPete
post Nov 15 2013, 11:32 AM

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There's a good reason Fennel is at the top of this article from The Star.

http://www.starproperty.my/index.php/artic...new-properties/
mpca
post Nov 15 2013, 11:35 AM

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QUOTE(cybermaster98 @ Nov 15 2013, 11:27 AM)
Do remember that a good yardstick that we can use to determine if our property prices are sustainable or otherwise is the gross rental yield. Generally, rental yields of between 4-5% mean that the property is overpriced while yields of 6-7% mean that the property is fairly priced.

So when rental yields start dropping below 6%, that usually means that we're heading towards an unsustainable level and investors should practice extreme caution when investing. Most rental yields now are around the 4% range which is actually dangerous.

So always practice prudence before investing. Appreciation of the last 4 years should never be taken as Gospel truth for future capital appreciation. We are at the tail end of the property boom and nobody knows how long the next slump is gonna be.
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Just a quick question, should rental yield for a completed property be based on original developer price or completed property price?

2 years ago, I sold my condo for 50% more, thinking we were at the tail end of the boom, today it's double in price. vmad.gif
Glcotan
post Nov 15 2013, 11:38 AM


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QUOTE(PixelPete @ Nov 15 2013, 11:32 AM)
There's a good reason Fennel is at the top of this article from The Star.

http://www.starproperty.my/index.php/artic...new-properties/
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capers also similar look
ganster123
post Nov 15 2013, 11:40 AM

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QUOTE(mpca @ Nov 15 2013, 11:35 AM)
Just a quick question, should rental yield for a completed property be based on original developer price or completed property price?

2 years ago, I sold my condo for 50% more, thinking we were at the tail end of the boom, today it's double in price.  vmad.gif
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Every time people say there will be bubble here and there, but eventually they are the first few in the q for new launch blink.gif
cybermaster98
post Nov 15 2013, 11:43 AM

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QUOTE(mpca @ Nov 15 2013, 11:35 AM)
Just a quick question, should rental yield for a completed property be based on original developer price or completed property price?

2 years ago, I sold my condo for 50% more, thinking we were at the tail end of the boom, today it's double in price.  vmad.gif
You can compare gross rental yields for both periods and then see the difference. First based on original price and next based on completed price. When I purchased a property in 2011, I was looking at a rental yield of 5.35% but it has since dropped to 4.8% now. So I know that my property price is heading towards an unsustainable level.

The tail end of the boom is 2013 I think. 2014 will see prices stagnating or dropping in some areas. 2015 will see more drops in more areas. But again, all this will depend on the holding power of the investors and Malaysia's economy in general.
Glcotan
post Nov 15 2013, 11:44 AM


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QUOTE(ganster123 @ Nov 15 2013, 11:40 AM)
Every time people say there will be bubble here and there, but eventually they are the first few in the q for new launch  blink.gif
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haha, many ppl do this to scare ppl away.. then first one to buy coz less ppl fight for it..

do your own due d is most important.
cybermaster98
post Nov 15 2013, 11:45 AM

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QUOTE(ganster123 @ Nov 15 2013, 11:40 AM)
Every time people say there will be bubble here and there, but eventually they are the first few in the q for new launch  blink.gif
That's the herd mentality which allow developers rake in millions in profit while investors without holding power are left high & dry when a property slump happens.
mpca
post Nov 15 2013, 11:48 AM

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QUOTE(cybermaster98 @ Nov 15 2013, 11:45 AM)
That's the herd mentality which allow developers rake in millions in profit while investors without holding power are left high & dry when a property slump happens.
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Love how this Fennel thread has sprung to life....it's interesting to read all the posts....of course, there some with ulterior motives but helps to make an informed decision on whether to buy Fennel...thanks guys!
kingalfred9999
post Nov 15 2013, 11:52 AM

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QUOTE(cybermaster98 @ Nov 15 2013, 11:27 AM)
Do remember that a good yardstick that we can use to determine if our property prices are sustainable or otherwise is the gross rental yield. Generally, rental yields of between 4-5% mean that the property is overpriced while yields of 6-7% mean that the property is fairly priced.

So when rental yields start dropping below 6%, that usually means that we're heading towards an unsustainable level and investors should practice extreme caution when investing. Most rental yields now are around the 4% range which is actually dangerous.

So always practice prudence before investing. Appreciation of the last 4 years should never be taken as Gospel truth for future capital appreciation. We are at the tail end of the property boom and nobody knows how long the next slump is gonna be.
*
Few years back when I bought a HR unit at somehwere somewhere.. then rental yield was only 3-4%. Ofcourse, we need to do home work... and 1 year aftetr that my rental yield is a humble 6-7%... but if i were to sell now.. the new buyer will have only 3-4% yie;d only until another adjustment...
PixelPete
post Nov 15 2013, 11:54 AM

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QUOTE(ganster123 @ Nov 15 2013, 11:12 AM)
People start to realise that the big money is from capital appreciation of new launch.

I think I will go for one unit in case I regret later when MRT stations are up and the Sentul Master Plan is fully developed coz I heard my fren who work in YTL told me that YTL is going big bet on Sentul and the boss will not allow the bubble happen at Sentul East which eventually will affect the Sentul West.

Understood from him that coming Sentul East development will be fully on commercial to boost up the area then only developed the Sentul West. All Sentul West future launch will be at least 1000psf or more due to the landscaping planned at Sentul Park. This Fennel will be selling at minimum 750psf (mainly for bigger b/u like Type B). So, if I intend to get a Type A, may need to pay 800-850psf if I'm the top 100 people. Work out to be almost RM1mil for 1 unit. Go or no go  rclxub.gif
*
U seem to be very sure that the price is 800-850 psf. How u know la?

Look at the pricing for EcoSky from Eco World. Price seems like same as Fennel! Design not so nice also. Location in Taman Wahyu some more which is much much further from the city.


doomdoom
post Nov 15 2013, 11:55 AM

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QUOTE(kingalfred9999 @ Nov 15 2013, 11:52 AM)
Few years back when I bought a HR unit at somehwere somewhere.. then rental yield was only 3-4%. Ofcourse, we need to do home work... and 1 year aftetr that my rental yield is a humble 6-7%... but if i were to sell now.. the new buyer will have only 3-4% yie;d only until another adjustment...
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your HR mean hartamas regency?


nowadays cannot judge whether worth to buy or not based on rental...the rental can cover the interest installment consider very good liao...oversupply of high price condo (>600k) everywhere...

of course some very well establish area (mont kiara, hartamas) still can get stable rental yield...

but now i found that there is a trend the expat start to move around...previously can found in ampang hilir, klcc, MK or bangsar..now can found at PJ, damansara perdana area, sentul area....
azizi74
post Nov 15 2013, 11:56 AM

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QUOTE(kurtkob78 @ Nov 15 2013, 09:14 AM)
how long need to queue ... I can help que
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How much u charge to que?
cybermaster98
post Nov 15 2013, 11:58 AM

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A good example is The Twins at Damansara Heights. Many of the investors who bought here were expecting easy money upon VP but now 2 years after VP, the condo is only 30% occupied and many owners are stuck with their units. The situation will become worse once the BLR goes up next year.

Who would have thought this would happen to The Twins at this location? Even I didn't and im surprised. The residences above Publika is another example that things aren't looking rosy anymore in the property market. Take a drive around Mont Kiara at 8pm on a weekend and see how many condos there are just 30-50% lighted up. Its actually quite worrying.
JollyRogers
post Nov 15 2013, 11:58 AM

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QUOTE(azizi74 @ Nov 15 2013, 11:56 AM)
How much u charge to que?
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When the que starting and selling price ?
ganster123
post Nov 15 2013, 12:00 PM

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QUOTE(PixelPete @ Nov 15 2013, 11:54 AM)
U seem to be very sure that the price is 800-850 psf. How u know la?

Look at the pricing for EcoSky from Eco World. Price seems like same as Fennel! Design not so nice also. Location in Taman Wahyu some more which is much much further from the city.
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My fren work in YTL Cement told me that. Himself heard from YTL Land colleague. He told me BBB and he himself is going to q again for Phase 2 Type C after purchasing Phase 1 Type A. He is preparing for 850psf for Type C shocking.gif

I think his salary must be very high. Maybe year end bonus also very thick thumbup.gif
Minolta
post Nov 15 2013, 12:00 PM

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Yay, all the usual suspects are back! Same story again. Sentul ok ah? Price ok ah? Rental ok ah? Developer ok ah? Design iconic ah? Must line up wan ah? Still got dibs ah? And my all time favourite....cowherd mentality.
All like to talk. All think themselves some kinda taiko. In the end, always same thing....if not interested, u think people waste time posting here? All oso got hidden agenda wan.

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