1) Any idea on pricing?
2) Will this be a DIBS scheme?
3) What is the estimated completion date?
The Fennel @ Sentul East by YTL, Sentul East YTL
The Fennel @ Sentul East by YTL, Sentul East YTL
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Feb 25 2013, 02:27 PM
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#1
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Senior Member
4,440 posts Joined: Jan 2010 From: Kuala Lumpur |
1) Any idea on pricing?
2) Will this be a DIBS scheme? 3) What is the estimated completion date? |
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Feb 27 2013, 09:41 AM
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#2
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4,440 posts Joined: Jan 2010 From: Kuala Lumpur |
QUOTE(kimusu2002 @ Feb 27 2013, 09:14 AM) no need lie to anyone la, it is not beneficial to me in any way, anyhow I will get the exact location to you people soon... Wah u here now also ah? M6 bought already ah? |
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Jun 18 2013, 01:12 PM
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#3
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4,440 posts Joined: Jan 2010 From: Kuala Lumpur |
How would this compare to MRCB's upcoming Eight Sentral? Quite good location about 5 mins walk to KL Sentral and just 10mins drive from Bangsar. Price unsure yet.
KL Sentral seems to be getting alot of focus these days especially with the proposed hub for the KL-Singapore HSR. Many high end luxury developments in KL Sentral itself like St Regis, Sentral Residences and Suasana Sentral not to mention two 5 star hotels Hilton Sentral and Meridian. |
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Jul 17 2013, 06:55 PM
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#4
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4,440 posts Joined: Jan 2010 From: Kuala Lumpur |
Few queries:
1) How many units in total? 2) How many blocks 3) Starting price of RM 700 psf is before or after discount? 4) Is this DIBS? Legal fees? 5) Whats the early bird discount and under what terms is this given? 6) What's the actual distance of the existing Sentul LRT station? 7) Does the units come with furnishings? 8) When is the expected completion date? |
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Jul 18 2013, 03:26 PM
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#5
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4,440 posts Joined: Jan 2010 From: Kuala Lumpur |
Will the new KL - Singapore High Speed Rail have a station in Sentul? The final report is coming out in 2 weeks.
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Jul 20 2013, 11:22 AM
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#6
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4,440 posts Joined: Jan 2010 From: Kuala Lumpur |
QUOTE(37 Exposures @ Jul 20 2013, 11:11 AM) Go and check Kiara East then you will feel that this Fennel worth buying! How about Kiara Residence 2, Bukit Jalil next to NKVE exit opposite OUG? That's RM 435 psf (after discount) for a high floor 1457 sf unit. Located just 100m away from new LRT station (being constructed now). But surely not as well designed as Fennel. |
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Jul 20 2013, 11:46 AM
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#7
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4,440 posts Joined: Jan 2010 From: Kuala Lumpur |
QUOTE(37 Exposures @ Jul 20 2013, 11:38 AM) Different product..BJ bordering of KL, Sentul East close to heart of city Yes but my point is you mentioned earlier that ulu places are RM500 psf. Im merely pointing out to you that there are better deals within KL itself that are reasonably prices and it doesnt always need to be some high end developer. U must keep in mind that we're speaking from an investment point of view. Higher end properties generally have smaller margins of appreciation especially when the development is setting a new benchmark price for that area. Its the other cheaper developments in the vicinity that will appreciate more (%) wise. |
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Jul 20 2013, 11:55 AM
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#8
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4,440 posts Joined: Jan 2010 From: Kuala Lumpur |
Anyway, can anybody share:
1) What are the actual prices for the smallest units mid floor? 2) What is the total discount being offered? 3) Who bears the cost of SPA and loan legal fees? 4) Maintenance cost psf? |
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Jul 25 2013, 09:03 AM
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#9
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4,440 posts Joined: Jan 2010 From: Kuala Lumpur |
How far away (in actual distance) is the nearest KTM Komuter and LRT stations? Where will the new MRT station be located?
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Jul 31 2013, 02:00 PM
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#10
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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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Jul 31 2013, 02:37 PM
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#11
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This article should give everybody an indication if Fennel and similarly priced developments in Malaysia will be sustainable long term:
http://www.malaysia-chronicle.com/index.ph...2#axzz2aaSg7UHs |
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Jul 31 2013, 10:42 PM
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#12
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QUOTE(bryancsk @ Jul 31 2013, 03:11 PM) nowadays 600-700 per sqft, is there anymore good buys out there ? In KL Area Fringe of Bukit Jalil near UOG near Taman Yarl got. RM 435 psf. |
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Aug 1 2013, 10:20 AM
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#13
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QUOTE(surf-it @ Aug 1 2013, 10:07 AM) Z mastersuite is 441psf, Residence 8 released unit is 450 psf. Not sure about Residence 8 but the pricing Z Mastersuites are already higher that earlier launch prices rite? Please tell me more. I already bought 2 units at KR2 in Jan this year.Both are VP next year, why not consider those? |
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Aug 1 2013, 10:35 AM
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#14
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QUOTE(surf-it @ Aug 1 2013, 10:27 AM) 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. 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. 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... 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. |
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Aug 1 2013, 03:13 PM
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QUOTE(kingalfred9999 @ Aug 1 2013, 11:00 AM) How about Sentul LRT station instead of Sentul Timur? 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. 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... 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 |
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Aug 2 2013, 09:34 AM
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QUOTE(Minolta @ Aug 1 2013, 11:39 PM) It's not about buyers saying good things and wannabes bashing but about people not accepting reality. 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. 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. 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! |
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Aug 2 2013, 02:51 PM
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#17
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QUOTE(Hunakadoo @ Aug 2 2013, 12:38 PM) yep , i do surveyed nearby around this area too . there's too much low cost flat or apartment around , while i can't even get a decent restaurant or mamak over there . Most of those who bought here assume that thry will be able to sell upon VP with good profit margins or even rent out at rates that will cover their monthly loan repayments. This is the problem cuz this may not happen in 2016/2017. How many of these investors can still hold on to their units if they cant get renters and they cant sell as well? This is when the problem begins. But this isnt an isolated scenario. Affects many other properties as well. btw , access to KL is very near . The only great things bout this project is the design of the building at the moment . While there's still alot kosong land nearby , it could be getting more & more crowded in the future for this area . But not at the moment, it could be another 10 years . But RM650 psf with this design and nearer location to KL is better value than say Kiara East at Jln Kuching (next to Taman Wahyu KTM station) which costs about RM 720psf. |
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Aug 2 2013, 03:00 PM
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#18
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QUOTE(kingalfred9999 @ Aug 2 2013, 12:10 PM) I beg to differ despite i agree tat fennel design is iconic. 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. 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. 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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Aug 13 2013, 09:44 AM
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#19
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QUOTE(Minolta @ Aug 13 2013, 09:40 AM) Ok, lets talk bank. Anyone who got loan approval or know of best package from individual banks can share share. What you mean BLR-2.5% x 5 years? What about the rest?To start off CIMB: Max tenure 35 years, BLR - 2.5 x 5 years. No lock in. |
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Nov 8 2013, 04:59 PM
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#20
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QUOTE(PixelPete @ Nov 8 2013, 04:57 PM) Heard that Fennel will be launched next weekend leh, with DIBS some more. Any indicative pricing? YTL will surely push for early launch to take advantage of the DIBS while they still can.Need to bring pillow this time |
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