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 KM1 EAST @ BUKIT JALIL, By Berjaya

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xyyap
post Jan 20 2013, 02:18 PM

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QUOTE(accetera @ Jan 20 2013, 04:18 AM)
Sources say Mont Kiara is coming back slowly... alot of locals are buying subsale suddenly.

Btw the product offering of biggies can do well in suburbs surrounded by Rich Uncles and Aunties as long as it is not highly-densed and must be more modern. I understand alot of Uncles here in Bandar Utama want to buy more "Five Stones-type"... but scarce here (except the outdated 9BU which also can sell slowly).

Some of these Uncles do not need RENTAL to survive.
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If people like highrise, Mont Kiara makes sense, the location is superb.

xyyap
post Jan 20 2013, 02:20 PM

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QUOTE(UFO-ET @ Jan 20 2013, 11:32 AM)
Looking at the trend going in BJ now, Superlink homes is really a bargain now.
Entire BJ has <800 units landed (Link + SD) only (Esplanad, Jalil Sutera, Seri Jalil, Laman Bayu, The Treez link villas), while Puchong has bout 50,000 units. I dun consider Mutiara Bkt Jalil is a choice one as the location is worst than Bdr Kinrara.
Existing condo in BJ is bout 3,500 units, in coming years, another 4-5 thousands add to this figure, hvn't take into consideration of OUG Parklane, OUG Paradigm and Jalil City development, I predict a total of 20,000 units of strata property by 2020 (BJ-OUG), can the mkt "digest" it? I dunno.
No more new supply for link houses in BJ in the future, the choice is very clear now. Prepare for the worst (crash) to come, any major correction will sure hit highrise, factory and shoplots 1st. Be careful.
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How much is the minimum price for a landed @ Bukit Jalil?

xyyap
post Jan 20 2013, 03:38 PM

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QUOTE(Chris Chew @ Jan 20 2013, 03:23 PM)
You are correct on ur own sentiment too. Those enter anything with RM 650 psf onwards, are yet to get VP and I have no idea how the market sustain it like UFO said. Thats why I not even dare to enter anything above RM 500 psf and my most exp buy for highrise still remain RM 420 psf....

I am sure most of the buyers who bought the RM 650 psf onwards, regardless DIBS, 10% or 7% discount, sure factor in their holding power and month installment as well... If they do not, habis lah them.
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I think it is not simply the price, main reason should be the supply is too huge.

Tenant will be happy. Haha.

xyyap
post Jan 20 2013, 03:41 PM

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QUOTE(twincharger07 @ Jan 20 2013, 03:25 PM)
There will be 2 major commercial coming around BJ area..
WCT (shopping Mall + mix dev) and HoHup (mix dev)...

Also there will be berjaya mix development probably near Hohup Jalil City..

I recalled some one mentioned the stadium and complex will be gazed.. any sos from fellow daikor?

Yea, I prefer the West side of BJ (Golf Club and Resort side) then the East side (Stadium)
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Berjaya like not good in development planning at all.

They always hit the jackpot then run road. To me, it is like killing the goose that lays gold eggs.

Any brother care to comment? Thanks.

xyyap
post Jan 20 2013, 03:53 PM

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QUOTE(kohts @ Jan 20 2013, 03:50 PM)
Hit & Run? I dont know?
All Berjaya property at Bukit Jalil enjoy good growth in capital and rental starting from Greenfield apartment.
In certain higher lots of Greenfield apartment, Front view is golf, back view is the huge bukit jalil park.

Still got KM 2 and KM 3..
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Sorry, what I mean is, they never do like Setia way.

Simple example, see how Desa ParkCity pioneer grows 4 to 5 folds.

Imagine they develop the whole Bukit Jalil...

xyyap
post Jan 20 2013, 03:59 PM

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QUOTE(twincharger07 @ Jan 20 2013, 03:54 PM)
seems there are more up coming development from them in BJ..
not sure what do you mean by "hit the jackpot then run road".. mind to elaborate..  hmm.gif
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QUOTE(xyyap @ Jan 20 2013, 03:53 PM)
Sorry, what I mean is, they never do like Setia way.

Simple example, see how Desa ParkCity pioneer grows 4 to 5 folds.

Imagine they develop the whole Bukit Jalil...
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Berjaya also like never have any "land mark" product.

xyyap
post Jan 20 2013, 04:01 PM

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QUOTE(kohts @ Jan 20 2013, 03:57 PM)
Cant compare with setia la or all the top tier developer.
But better than other Bukit Jalil developer la.
If bukit jalil is by top tier developer, Bukit Jalil is already the top development in the country oredi

Thanks to Talam gor la.
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Berjaya as a brand is quite well known 10 years back leh.

Maybe Mr Tan has make enough money, don't see they are innovative with their product development.

xyyap
post Jan 20 2013, 04:07 PM

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QUOTE(kohts @ Jan 20 2013, 04:03 PM)
go look see look see at their show house.
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Sorry lah, I don't really mean to comment them, but I really see they are not good in taking up huge development.

Stop here. Back to the topic. Hehe.


This post has been edited by xyyap: Jan 20 2013, 07:08 PM
xyyap
post Jan 20 2013, 07:15 PM

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QUOTE(twincharger07 @ Jan 20 2013, 04:10 PM)
Have to agree that BL is not as top notch as SPS.. but, they still sell..
1 thing for sure BL is blessed with having Bukit Jalil for such strategic location..

IMHO.. Ppl are buying into BJ location, highway connectivity and convenience of public transport.. regardless of who building the houses around, the place sell itself simple bcos of location..

for SPS, they are heavily emphasizing on good township planning that draw buyers and investors, which i think they are pretty good with that despite location might be only so-so.. but the good concept and planning makes the "so-so location" to be forgiven..

FYI. BJ condos had been appreciated 3 fold like Savanna..

Is there any prop in DPC appreciated 4 to 5 fold? I know South Lake is about 3 fold..  hmm.gif
For the sake of condo vs condo comparison, how is Nadia in DPC doing? (curious)
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Hard to compare. Landed vs highrise.

xyyap
post Jan 20 2013, 07:20 PM

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QUOTE(Chris Chew @ Jan 20 2013, 04:43 PM)
It's very hard to compare if there are many "IF", past tense against future tense and all of SP Setia, Perdana Parkcity and Berjaya Land have very much different company aspects, missions and visions, corporate planning and influence and much more.

SP Setia is the property dev taikor in Msia, very much to the support from the government and they are more to big township planner in such manner.

Perdana Parkcity took a very respective risky move on a 400+ acres ex-mining land purchased back then, where the first 5 land company prospects viewed it and seem the land was not so ideal for development until Perdana Parkcity with the support of a huge group of investors and hence, the idea of parkhomes was introduced into a niche market of Kepong area with a double pricing compare to landed in Kepong or Manjalara area, people were argued you were crazy if you buy it for investment, but those older people who said this about 6-10 years back got to swallow back their words now. The concentration on Desa Parkcity alone made a fruitful journey for the developer and as well as early investors and buyers as well.

Berjaya is not a kind of SP Setia's vision definitely and not as top as them in terms of property township planning. It might due to Berjaya had much more investments and planning compare to their corporate property division which can give more reputation and profile to the company coupled with faster and bigger profit compare to township development.

They hold majority of the BJ land but if they owned 90% or majority one large plot and concentrating the property development with good and great masterplan, also would bring different story. Don't forget Ho Hup and Huatland both developed at BJ too as well as Malton is coming on this year end for it's Jalil Integrated City.

But I see the current BJ of Jalan Jalil Perkasa 1 side, is transforming well in the past 1-2 years ( we can see the commercial at The Link had started to do well after vacant for about 1-2 years and interchanged of Kesas Highway helped a lot few years back ) and I see with the addition of the latest series of medium higher end and high end condos, catalyst of mixed commercial development by WCT Mall, Ho Hup & Malton's Jalil City and Berjaya itself could transform BJ into bigger league area in the next 5 years and another wave in another 10 years.
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They hold majority of the BJ land but if they owned 90% or majority one large plot and concentrating the property development with good and great masterplan...

TQVM. Agreed that it is hard to compare.

xyyap
post Jan 20 2013, 07:24 PM

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QUOTE(accetera @ Jan 20 2013, 05:05 PM)
Btw many people who work/study  in Cyberjaya loves to stay in Bukit Jalil/Seri Petaling area.

Was wondering in the next few years so many are coming up in Cyberjaya, and would that affect Bukit Jalil attractiveness?
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KL highrise really going to have huge supply...

xyyap
post Jan 20 2013, 07:26 PM

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QUOTE(Chris Chew @ Jan 20 2013, 05:12 PM)
Yes, BJ is quite a strategic location and the places here sold itself because of it's location without any catalyst back then.

Surprisingly no one mentioned about another taikor, Huatland. See how they developed the Taman Esplanade, it received decent profit back then and even now. I quite remember it was asking RM 800k back in 2007 and now it's RM 1.45mil onwards ... While the Zero Lot Bungalow, it was sold RM 1.4 - RM 1.9mil back then, 2009 and it was about RM 2.5mil to RM 3.8 mil now.

Hmm, you mean Nadia Condo in DPC? As I remember, it was launched in 2002/03 for about RM 250 psf onwards and was sold RM 400+ psf after completion in 2006 and I think now, was asking abt averaging RM 650-700 psf.
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Almost all landed bought during 2006/2007 double in value...


This post has been edited by xyyap: Jan 20 2013, 07:29 PM
xyyap
post Jan 20 2013, 07:34 PM

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QUOTE(xyyap @ Jan 20 2013, 07:26 PM)
Almost all landed bought during 2006/2007 double in value...
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My neighbour corner house up 10 folds from year 1996.

130k to 1.3+ M @ Sri Damansara...

Walao, I wish our pay can up 10 folds. Haha.

xyyap
post Jan 22 2013, 01:43 PM

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QUOTE(UFO-ET @ Jan 21 2013, 10:29 PM)
2 mega malls coming, LRT coming, schools coming, JJ coming (very likely), a transformation fr a peaceful living place to a vibrant city is on going now, more people will stay here, more homes supplied, however I think the amt of highrise supply is overtaking the speed of migration, I dun see salary will increase a lot in 5-10 yrs to come, average rental won't touch 3K for sure, I dun think those new condos can appreciate > 15% after completion.
If mkt turn the other way, it is very possible that price will drop back to developer's price. Our economy is not promising indeed. If BN win again, 2018 will be a disaster!
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PR go go go!!!

Stop Lynas please.


 

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