Developer: NLY Development Sdn Bhd.

- Only 1 block of 167 units.
- Each unit comes with 2 parking lot. Freehold.
- Showroom ready in 2 months.


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Below 16F not open yet. Currently 10% early bird discount for higher floor, SA says no more discount after showroom ready

http://www.iproperty.com.my/developments/2263/Kayenne
Kayenne Built Up:1607 - 3653 sq.ft.
Listing Price:From RM780,000 - RM1,800,000

bro, Not aware that Kayenne has been called off, where do you get the news?


Back to P1 Residence, after 10% discount is about RM400 psf, which is the norm in today's market right? I am not sure it is worth for own stay because this amount can get a 20x70 DSL in BRP, thus it depends on whether the buyer prefer highrise vs landed which both have their pros & cons. Talking about psf again, P1 (2 Car Park) is > 20% cheaper than the nearby Dua Menjalara price range between RM500-RM550 psf, but the 22 x 75 DSL at BRP & Menjalara both fetch about same price between RM600k - RM700k implying the Menja isn't that superior than BRP.

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

Having said that, it is hard to play rental game for P1 in this area as I can't think of the target tenant group which need RM2.5k to break even, basing on RM450k loan of 30yr tenure & effective BLR 4.2%.

As for flipping, I prefer not to comment as I don't have the crystal ball, however MRT is coming to Sg Buloh although still a few KM from BRP.



This post has been edited by humble_tot: Nov 22 2012, 07:53 PM

Noted the mistake & edited the post. Will check out status of Kayenne tomorrow with the Project End Financing dept (we're one of the panel banks) & update here

Yes you're right, Kayenne Project has been KIV but haven't confirmed whether to proceed

ya, IMHO Sg Buloh, Kajang, & Shah Alam are more for landed unless the condo is super cheap