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Investment High-End Condos near KLCC, (Investment)

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AskarPerang
post Jan 16 2019, 07:58 PM

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QUOTE(sailorman2020 @ Feb 25 2013, 02:30 PM)
Hello All,

I noticed that the prices of the secondary market for condos near KLCC are not that high relatively to those in other areas. For example, My Habitat is asking for about 900psf (1A Stoner - RM677 psf and Idaman Residence - 800psf)  vs. 800-1000psf in PJ or subang or even Puchong prime area. Of course they are some who asking 1200 psf and above in KLCC areas too. what are the main differences?

Is that the current trend or market slowing down for those condos in KLCC areas?

any good recommendation for those condos near KLCC for long term investment - with good yields?

Thanks.
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Drop to 900 psf back in 2013.
Subsale transaction, 1259 sqft at 1.2M: https://www.brickz.my/transactions/resident...rderby=lot_size

In lelong today, you can get a unit at 30% below market price (600+ per sqft) as below:

A2-12-1, MyHabitat Residences
Reserve price 🔥🔥RM801,000🔥🔥
1259 sqft
Freehold
Auction: 30-Jan-2019 (Wed)

Walking distance to Ampang Park LRT station which will also integrate with MRT2 station in few years time.

» Click to show Spoiler - click again to hide... «


This post has been edited by AskarPerang: Jan 16 2019, 07:59 PM
AskarPerang
post May 6 2019, 11:49 PM

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Cheap lelong unit check in. High court auction.
Good size for KLCC property.
At 4th round reauction.
Bank value at 1M.
Walking distance 500 meter to KLCC.

23A-3, Idaman Residence, No. 8, Jalan Law Yew Swee, 50250, Kuala Lumpur
Reserve price 🔥🔥RM729,000🔥🔥
1035sqft
Freehold
Auction: 15-May-2019 (Wed)

» Click to show Spoiler - click again to hide... «

AskarPerang
post May 15 2019, 03:27 PM

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QUOTE(AskarPerang @ May 6 2019, 11:49 PM)
Cheap lelong unit check in. High court auction.
Good size for KLCC property.
At 4th round reauction.
Bank value at 1M.
Walking distance 500 meter to KLCC.

23A-3, Idaman Residence, No. 8, Jalan Law Yew Swee, 50250, Kuala Lumpur
Reserve price 🔥🔥RM729,000🔥🔥
1035sqft
Freehold
Auction:  15-May-2019 (Wed)

» Click to show Spoiler - click again to hide... «

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QUOTE(potenza10 @ May 7 2019, 02:15 PM)
Is this consider high end condo near klcc?
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QUOTE(Bjorn1688 @ May 7 2019, 04:42 PM)
If can get at this price really a bargain. 1/4 off the market price.

Wonder what's the interior condition or if it is occupied or not?
Premium but not elite.

Not easy to rent out though.
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QUOTE(gks @ May 7 2019, 04:47 PM)
Idaman didn't have good layout, internal air circulation and facilities associated with modern condo around KLCC.

The common corridor is horrible.. like low-medium cost apartment.

Good location though.
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QUOTE(johnrck99 @ May 7 2019, 05:24 PM)
No cheap at all. Lousy condo. Bad security.
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Attracted 15 bidders this morning. OMG! rclxub.gif

Lelong history of this unit:
1st auction - 1,000,000 - no bidder
2nd auction - 900,000 - no bidder
3rd auction - 810,000 - no bidder
4th auction - 729,000 - current reserve price - 15 bidders!!!

Sold at:
» Click to show Spoiler - click again to hide... «

AskarPerang
post Apr 16 2023, 01:35 PM

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Lelong unit sold yesterday.
2142sqft unit.
Reserve price 1.57M.

Attracted 8 bidders fight.
Unit sold at 1.87M.

Good catch?


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AskarPerang
post May 12 2024, 10:48 AM

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