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> Service apartment at Bandar Kinrara by InP., Expected launch Jan/Feb 2013

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babana
post May 21 2013, 10:29 AM

too old; do not want
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Senior Member
986 posts

Joined: Jul 2006
From: Naboo
got tired waiting for official information n decided to call up i&p's sales office this morn. spoke to a sales agent and was given the similar info chris taikor spoke abt earlier. total 35 floors, with the first few floors being retail units. 44 units of studios available (632 sqf), following by 3r 2b (1,070 and 1,250 sqf) and "premium" large sized units (1,800 sqf, 2,200 sqf and 2,400 sqf units). RM2k increase per floor, with min price of RM600 psf onwards doh.gif

so yea...assuming the most conservative scenario - if i get the lowest floor 632 sqf studio unit at RM380k, with 90% MOF and 40-year loan (yes, u read right...40 yrs!), mthly repayment would amount to RM1,500++, excl maintenance fees. a decent calculation for a RM400k studio unit, 90% MOF and 30-year loan would mean total repayments would be around RM1,800++, excl maintenance fees. in comparison, setia walk's 845 sqf 1+1 bedder's rent is going for RM1.5k only (sos cili: http://www.iproperty.com.my/propertylistin...minium_ForRent). disclaimer: am not vested in setia walk...lol

assuming taikors are taking 70% MOF for 30 yrs, mtnhly loan repayments only would amt to RM1,400+ already, excl maintenance. imho, i&p's starting to get greedy after the response of kaseh. was hoping that it'll be around RM500 psf for rental play to be do-able but doesnt seem to be frm the looks of it. sigh...another awesome location that i'll prolly be overlooking due to pricing...
babana
post Jul 2 2013, 10:03 AM

too old; do not want
*****
Senior Member
986 posts

Joined: Jul 2006
From: Naboo
i just cant fathom the response to this launch @ circa RM650 psf. i'd personally go for zest @ below RM500 psf just adjacent to it which provides potentially a much higher capital appreciation upon completion of this project. if die die oso want a 'luxury' apartment at this price, why not go for trigon?

 

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