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 The Fennel @ Sentul East by YTL, Sentul East YTL

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kingalfred9999
post Jul 31 2013, 11:07 AM

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QUOTE(mkhooi @ Jul 30 2013, 11:39 PM)
You wanted to know about the reviews as you intend to buy block B/C, am I right? Early morning ,lotsa car in front of Capers-Saffron but mostly at moving condition. Depending on where you work, You have three choice, either take Sentul Link to Mahameru, or Jalan Sentul to Jalan Tun Razak/Chow Kit. Another alternative road is go straight to Jalan Ipoh without taking Sentul Link which can connect to Chow Kit/Jalan Tun Razak. Though Jalan Ipoh is jam sometimes.

After work, I normally take Sentul Link. Straight fly down and you can see cars stucks trying to go to J.Sentul (towards Sentul Pasar direction). Four lanes squeeze into two lanes and lotsa ppl trying to cut queue. Jam could be 10-15 mins.  I'm not sure where is the Fennel gate facing, hopefully not J.Sentul. Even if in J.Sentul, we can always keep to the right and U-turn. Max time I estimate is 5-10 minutes for this section.
If you are buying for own stay, Sentul hasn't fully develop yet. There are no mixed development and very little choice of foodstalls to eat. I have been staying there fore 6 years and dinner always go to the same few places. Of course you can have dinner elsewhere. Sentul Bouvelard considered the the more 'up' place oredi. Though only got mamak and one foodstalls. But got KFC, pizza hut , and lotsa clinic. Also got famous 'pirated' Lau Heong Restaurant.

For me the main attraction is the Fennel design, the price (higher price means higher quality people) and the location. I'm waiting for it to develop. But even based on existing condition, I have no regret buying my Fennel. I may be paying premium price today, but definitely I can't enjoy this price 5 years down the road.

Block C (facing Capers) would be closer to LRT track and if you take a stroll at night, you can hear the noisy LRT. Maybe you will hear it if you are in the pool but I think based on the facing, the noise shouldn't affect the residents at night.  Block B will not have any KLCC view. Selected units of Block C (closers to LRT track) can see KLCC . Premium price I guess.
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+1
Indeed very comprehensive review. After so much hoo haa and sour grapes etc... I still feel that fennel psf price is a bit out of my expectation as compared to surrounding ytl subsale.

nevertheless, accessibility at sentul east is always better than west side. Fennel should be fine except heavy traffic. Once again people will argue where is not jam in KL?

I almost certainly agree with you that high price (absolute price due to large sqft) truly push the affordability to another level... could potentially filter out another range of undesireable owners... coupled with rental game is not the play in sentul east yet.. this can only say that the buyers are very solid///// perhaps cash rich with holding power (for flippers), for ownstay (saffron and tamarind upgraders).....

So far my observations of ytl sentul (may it be east or west) residents are of desireable type (middle to upper income level who do not wish to stay in high profile area yet wanted to enjoy the vicinity to KLCity).
Lets hope fennel will turn out well also.. good luck to the buyers!
kingalfred9999
post Aug 1 2013, 11:00 AM

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QUOTE(cybermaster98 @ Jul 31 2013, 02:00 PM)
I did another detailed drive around the area. The Sentul Timur STAR LRT station is about 700m away from Fennel. So its not really walking distance. But the low cost flats and medium cost apartments near the station are a real eyesore. Despite the iconic design of Capers and Fennel, its gonna be a long time before this area of Sentul can even come close to areas like Mont Kiara. I would say easily 20 years or so. Besides these few YTL condos, the surrounding areas are absolutely lacking in the credible retail establishments.

Despite the 2 LRT stations and the Komuter station nearby, its not gonna be enough to boost this area in the near future. Yes it helps for sure but at this price range, it will be quite difficult for Fennel buyers to get a credible pool of renters once completed. Even for own stay it will be tough considering the surrounding ammenities. Maybe in 10 years it would be quite different but surely not within the next 4 years.

I would give this area a miss. Many more better investment opportunities elsewhere around KL.
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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... smile.gif
kingalfred9999
post Aug 2 2013, 11:24 AM

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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....


kingalfred9999
post Aug 2 2013, 12:10 PM

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QUOTE(ProPStaR @ Aug 2 2013, 11:37 AM)
I also agree RM650psf for such iconic buidling is really  thumbup.gif
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 ?
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I beg to differ despite i agree tat fennel design is iconic.
Not truly sure about this but im sure u will have more knowledge and experience as compared to me "AFAIK, i dont see any property investment advise that says go for iconic building or have i missed out ?"

But the fact is that sentul east ytl properties prices have doubled beyond imagination.
taking saffron and tamarind for eg:
saffron, develper price sub 300k issh.. today's transacted price 6xxk issh
Tamarind, dveper price sub 200k issh.. today's transacted price 6xx k issh

It was beyond my imagination anything will be above 500k for that 2 high rise 2-3 years back... will fennel caper better looking building double the price? I dont know, god knows and time will tell.

The next question is if fennle sub 800k is flipped at 1mil or even 1.2mil or even higher (at this point many investors may have pancut due to excitement)... what will happen to the two older ytl sentul east condo? going to 800k? another beyond imagination.




kingalfred9999
post Aug 3 2013, 11:58 AM

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QUOTE(cybermaster98 @ Aug 2 2013, 03:00 PM)
Most properties in Klang Valley doubled or even tripled since 2009. But using this as a benchmark to confirm similar increases for future properties is foolhardy and clearly wrong. 2007 - 2011 was the bumper years for property investors. Many became millionaires. From 2011 however the story has begun to change. Property appreciation percentages have already started to drop. Occupancy rates are also dropping together with lower rental yields. Take a drive around MK at night and ull see yourself.

We must all be smart investors and learn to differentiate the 'developer talk' from reality. Most of us here have become so convinced by these smooth talking developers during property fairs and property launches that we have learnt to accept everything they say as gospel truth. Even the Gov is playing down the actual condition of the Malaysian economy. Its common knowledge that the Gov and these developers are in cohorts with each other to boost property prices and increase spending. But now the Gov is beginning to slowly realise that they have overdone it. Thats why BNM is shaking now.

Never follow the herd mentality. It will get you burnt.
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As foolish as i may sound, i am correlating the facts that went beyond my imagination that prices at this area doubled. I do not mention the other part of KV as it will be irrelevant.
Yes3, we have to be smart investor..

As for MK... its a known fact that most lights are off at night isn't it? Anyting new? Maybe it will be brighter at some other you know where place?

tsk tsk..
kingalfred9999
post Aug 3 2013, 11:59 AM

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QUOTE(airline @ Aug 3 2013, 10:13 AM)
Watching pop corn here
Buy tan&tan not bad actually
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+1.
tan & tan finishing quality very good. like it like it.
kingalfred9999
post Aug 3 2013, 12:03 PM

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Some very very humble and nice taikor's saying posted elsewhere.....
Rental value wise...hmm isolated case.. the problem here is that the rental values goes very big difference psf wise.. maybe the level of furnishing...

Lately, I noticed a lot of 'poor review' given by forumers alike to Fennel....

Like I have said earlier, I am certainly no much to tkttt here and unable to 'predict' what's gonna happen in the future.

To me in order to 'safeguard' my investment, I only look at my 'baseline' / the worst case scenario, or rather what's Fennel minimum requirement to sustain or to keep afloat. Thus, I gathered:-

1) During preview, 1 person to book 1 unit, for both Block A & D, mostly will be subject to LTV70 and we knew it all along. Most of the 'punters' during preview will have more than 2 residential loans. At everage RM 800k / RM 650 psf entry, we are looking at monthly installment of RM 2.5k per month + maintenance charges, total holding cost per month approx. RM 3k.

2) Currently the asking / transacted rental at Tamarind / Saffron is approx. RM 3k p/f, I know as I have been living in Sentul before. There's a market for rentals for this product at this location, not high end expat, but comfortably below RM 5k budget.

3) Due to No.1, the composition of buyers for Block A & D are mostly investors + own stay but certainly NOT multiple units investors.

4) As a repeat YTL purchasers, we have made some $ from Tamarind, Saffron, Lake Edge, Midfields, Dale & etc. So for us, we do not mind 'repeating' the same process as it has been working for us all along.

5) SPA is 4.5 years, for Fennel, I don't anticipate to double upon VP, but looking at others current new launch, at RM 650 psf seems fair to me

kingalfred9999
post Aug 3 2013, 12:08 PM

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QUOTE(accetera @ Aug 3 2013, 12:04 PM)
Back in 2010, I asked the same question about the BBB mode then. Looks like it has been sustaining till today...
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haha... i alws think good property is good property.... when there is overall correction... good property will be least affected..

I also asked myself can still buy meh ? already breach the psychology limit... still up up psf.... so u have to be more selective and buy really good property. again, this is subjective... many people think differently...
no matter what my principal is not to downplay other's investment location and also not so nice to hijack thread to outsell own vested interest la...

If u ask me is sentul east nice? Yes...Is cyber nice? Also yes... is MK nice, yes... these are my top pick locations.....
kingalfred9999
post Aug 3 2013, 12:10 PM

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QUOTE(airline @ Aug 3 2013, 12:07 PM)
Really mk dropping? I here every day wo
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Airline ko... u there only every day meh? not every day and night meh? smile.gif
haha... how to improve the traffic condition there.... to many rich people drive fast car....always tapao by R35..
kingalfred9999
post Aug 7 2013, 09:45 AM

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futuristic sandwiched in between old town... a shadow that many people are concerned about.

Is the momentun for funnel still hot and all the taikors are still excited to invest in phase 2?
Any taikor who invested in phase 1 wanna masuk phase 2? smile.gif


kingalfred9999
post Nov 14 2013, 09:17 AM

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QUOTE(Ultra123 @ Nov 14 2013, 07:39 AM)
BBBB MODE. Everyone will rush to buy.
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Hehe, can get ppel to queue for me or not? Ofcourse pay money lah..any1?
kingalfred9999
post Nov 14 2013, 10:01 AM

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QUOTE(mpca @ Nov 14 2013, 09:40 AM)
I can...charge by hour rclxms.gif
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Hehe.. think I cannpot afford u boss... decided to go mc..opss leave to beratur for this one...too emotional seeing the design... n like the location of sentul east ...
kingalfred9999
post Nov 14 2013, 10:04 AM

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QUOTE(T_flash @ Nov 14 2013, 10:02 AM)
Start paying after handing over??? RM 30k, and then after that, no more payment?? don't need to fulfill the remaining 20% or 30% down payment (considering if it's 80 or 70% loan that's been assigned to you)???
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Where got like one bro... prepare more bullet in the pockets la...i think most potential buyer already hit 70%LTV.. now the question is on DIBS... how much is the effective saving as compared to 90% LTV.
kingalfred9999
post Nov 14 2013, 12:47 PM

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QUOTE(boyslikeboys @ Nov 14 2013, 10:41 AM)
Pros of the fennel : Iconic design, world class facilities, MRT????? last batch of DIBS but probably dev will come up with something else next year.

Cons: 900+ units, ultra high dense, no mrt, target tenants vague????

any more inputs????
*
Pro: Got 2 LRT n 1 KTM la...

Cons:
tandem carpark...
kingalfred9999
post Nov 15 2013, 10:55 AM

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QUOTE(shadow_walker @ Nov 15 2013, 10:11 AM)
well it is one of the most connected location in KL actually. plus it has the advantage of 2 existing star lrt stations, ktm, direct access to mrr1, duke, jln tun razak, jln ipoh.

not some wannabe location. the closest we can compare is by looking at saffron and tamarind. though i reckon when capers and especially fennel completed, it will cannibalised the rental market for saff n tamrind.  icon_question.gif  icon_question.gif

this project seems more solid than others which offering crazy prices at obscure locations  rclxub.gif  rclxub.gif
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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...


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.
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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...
kingalfred9999
post Nov 19 2013, 11:00 AM

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"How many of the investors of Fennel 2 can withstand a property slump expected around 2016? Yes Fennel 2 will complete end 2017 but seasoned investors know that recovery from a slump takes about 2-3 years so owners of Fennel 2 will be getting their keys at a point when the market is just about to begin a recovery. How many can hold on to their investments for a year or two without being able to sell or find tenants? On top of that its widely expected that the BLR will go up by 50 basis points in 2014 and a further hike is possible in 2015 if the slump hits. So we're looking at BLR rates of about 7.35%-7.60% by 2016. BLR takes time to come down. This is where the problem begins. Many of the investors in Fennel are not single property owners. Many have multiple properties. These will be hardest hit when interest rates rise and they cant sell / rent. But this problem is not limited to Fennel investors alone. It affects everybody (me included).
"


Fennel2 investors... how many of you can withstand har?? smile.gif Shitla... there is a slump coming around 2016... i think im finished now... how how how? I should sell my funnels and cyberjaya properties...

Constructively speaking, why is there FIN? can't we makeaway without the FIN design? blocking view la...
why is the entrance opposite the temple? This makes the accessibility at a good location turning off la..
Taikor? what do u all think?




QUOTE(cybermaster98 @ Nov 19 2013, 10:21 AM)
Nothing to do with fairness. Its solely done to create the euphoria and boost the overall image of the development. Its to create a herd mentality that will be talked about for time to come. Its the word of mouth that sells in the property world. YTL has created this and even developers like EcoWorld & SP Setia have followed suit. This allows developers to make a killing and create a platform to launch their future developments.

Have you noticed a trend? The projects which required such sale build-ups and euphoria were always those which were priced above the subsale market of that area. Can you show me a development which was launched with such fanfare at prices which were reasonable and affordable in accordance with the vicinity? I don't recall any.

Either way, whether this euphoria will result in good future capital appreciation upon VP is another matter altogether. In fact, if you do some research you will see that developments which were launched without much fanfare have not only achieved the same record sales but also have been real value buys.

Fennel is a good product with a great infrastructure around it but I think YTL have been a bit unscrupulous by creating this herd mentality. They have focused too much on just merely making a sale without concentrating on getting investors with solid financial grounding.

How many of the investors of Fennel 2 can withstand a property slump expected around 2016? Yes Fennel 2 will complete end 2017 but seasoned investors know that recovery from a slump takes about 2-3 years so owners of Fennel 2 will be getting their keys at a point when the market is just about to begin a recovery. How many can hold on to their investments for a year or two without being able to sell or find tenants? On top of that its widely expected that the BLR will go up by 50 basis points in 2014 and a further hike is possible in 2015 if the slump hits. So we're looking at BLR rates of about 7.35%-7.60% by 2016. BLR takes time to come down. This is where the problem begins. Many of the investors in Fennel are not single property owners. Many have multiple properties. These will be hardest hit when interest rates rise and they cant sell / rent. But this problem is not limited to Fennel investors alone. It affects everybody (me included).
*
kingalfred9999
post Nov 19 2013, 02:15 PM

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QUOTE(propertybbb @ Nov 19 2013, 12:43 PM)
As an investor i love to see price to go up. But also cautious tat the economy slow down ll make price stagnant if not go down. Investor mus hav the exit plan rather than keep thinking the price may go up.
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+1
Must be sustainable..
kingalfred9999
post Nov 20 2013, 12:36 PM

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QUOTE(cybermaster98 @ Nov 20 2013, 10:37 AM)
This is a very real risk faced by many of the new launches in KV. So its not something that has a high degree of improbability.

Ask yourself this question:
How many of the investors of Fennel have the financial strength to hold on to their properties for at least 2 years upon VP with no option for sale or rent?
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Not sure why, I have fettish replying cybermaster98 smile.gif

Based on what I observed amongst the ytl fansi friends' holding the saffron and tamarind last time... looks like the holding power is like incredible hulk... smile.gif
Well, again my sample size is amongst the friends which can be small as compared to the actual populasi.

Anyway,some may argue one of your friend hold few units (exactly: 5) in saffron tamarind so can represent the sampling... not for me to argue but for all of us to ponder.

Another thoughts...

Well, holding fennel will be challenging as tamarind saffron was only holdin circa 300k now we are talking about 1mil now... hope everyone got strong bladder... lets face it, this place is not ready for mass tenant market hence ROI on rental is not attractive.. and fail to attract mass tenants... somehow this give some reverse logic and attracted certain group of people who prefer not to be in a mass tenant market. one eg is local families who wants proximity to KLCC but do not want to be in KLCC. One tenant even said to me before... I rent from you, u lose money because u paying good maintenance for it n high installement, now that i stayed here and enjoyed it so much.. im stuck,,, i will have to buy over your unit.
Damn! ofcourse at record setting price... ok... finito on my story on sentul east existing condo.
kingalfred9999
post Nov 20 2013, 12:41 PM

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QUOTE(OPT @ Nov 20 2013, 12:00 PM)
Indian cemetery? Looks more like meeting  sweat.gif
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Crematorium.. looks like community complaining to politician or something.. still some distance away from capers and fennel lah... dont think too much la... but for cow... yes, u may see some once in a while...

I really wish ytl can cahnge then entry to fennel to the main road lah.. why make one round... like the other sentul east.. ingress and egress so easy...

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