Wow 280k oso cery expensive for you.

You can try for PPRT scheme or buy subsale flat. Maybe the price range suits you.

Yes I'm not shy to say that I'm from low-income group. But I really thought PR1MA would be significantly below market price.

But with that high concentration ratio, very small unit and location wise in Cyberjaya not in KL, I don't think RM 280k is significantly below market price.

If I remember correctly, Pr1ma is average about 20% lower than market rate. It's not low cost house.
So what u think is the market rate? If the formula above, 80% of 350k is about 280k. So how much lower can it be?

Brother, tell me how much price you can afford?

Not to look down on people but sometimes ppl need to get some reality check and look in the mirror.

You want 180k-220k apartment 800-825sqft?

Can no problem. Rumah selangorku/prima/wip even private developer also got...

Location: Semenyih, Kajang, Rawang, Behrang, Sepang.

Yes I agree that PR1MA is not a low cost housing project. But comparison that's made must be similar. Here PR1MA got extremely high concentration ratio. You can't compare it with other projects that do not have such a sky-rocketing concentration ratio man.

Thanks man for your suggestion.

My only issue is that, given the high concentration ratio and 850 sq ft, and on top of that all the incentives that PR1MA gets and their onjective to provide 20% below market price, do you think RM 280k is 20% below market price?

Even after considering the HIGH concentration ratio?

What's the cheapest new condo around wf high density? Imagine it selling at 350k for similar size, reasonable? If not, then what is your expectation?

Seriously I think developer selling pr1ma is just doing a favour. Not much to earn and difficult to sell. Imagine if this is open to public, I think all sold out already by now if rm280k.

Do u know the difference in material they use when construct the pr1ma vs normal condo? one class below the other or same?

I wouldn't know. Well, I guess no difference coz if there is cheaper material, the developer would have use the same too to maximize profit. Of course we r not comparing it with high end condo which obviously some of the items r premium.

Thank you for your comment Sir.

Yes let me highlight what you said about developers doing a FAVOUR, and there is not much to earn and DIFFICULT to sell.

To me, by saying it's difficult to sell, it may mean that the price point is too high, or the value proposition put forward by the developer is too little.

Because PR1MA's income eligibility has been increased by 50% to RM 15,000 (from previously RM 10,000) a month and moratorium reduced by 50% to 5 years (previously 10 years).

With this very loose criteria, and if the developer still find it difficult to sell, I think it's about time for the developer to look back at ourselves and ask if we shall reduce the price and entice more buyers and allow their loans to be approved more easily.

I appreciate your comment, at least we both agree that developers find it difficult to sell. And in my opinion, with extremely LARGE NUMBER of units at PR1MA Cyberjaya Lakefront, the developer will not be able to sell off more than 50% of total units even after completion date.

This will create many UNSOLD units thus resulting in OVERHANGED situation.

As buyers, if we know the developer has many UNSOLD units, we may be at an advantaged position to NEGOTIATE for price reductions (which I'm suggesting about 10% here).

Hopefully you'd agree with my suggestion.

This post has been edited by pr1ma_owner: Mar 3 2017, 08:17 AM

Unfortunately I don't see the problem wf the price. The problem is always with Pr1ma management. The process is making it difficult for developer to sell, all the names of potential buyer are from Pr1ma, release batch by batch. Now you r in first batch, but u give it a pass, then they arrange for 2nd batch probably in few months. This process goes on and on and it's slow.

If price is a problem, try open and just sell to public. Anyone walk in can purchase. I think there is no chAnce to even negotiate for discount as they can easily sell it.

Beggars can't be chooser

A lot of apts at 60k. You can get few units there for decent size and price

Thank you Sir for your kind reply.

Let me enlighten you with one case of PR1MA at Alam Damai.

Yes you're right about PR1MA releasing batch by batch. This happens to PR1MA Alamd Damai as well.

BUT after realising this, anyone who meets the criteria of RM 15,000 and owning one house or less, can purchase it.

But then again, even after opening it to the public to walk in and make their bookings, STILL 30% units remain UNSOLD and OVERHANGED.

So I think I want the developer to realise that the market for this segment is soft. They must adjust their prices lower now to clear those vacant units.

This post has been edited by pr1ma_owner: Mar 3 2017, 11:00 AM

anyone going to mct tomorrow to select unit...please take lot of pictures and share info ya

i think i will select a unit, drop my documents and wait for the loan offers....then only consider my option...either to sign/proceed or not

Quota based. They can't exceeds certain number for certain race. This is the true story behind it

No offense, but if you think that the PRIMA price can be lower I don't know what to say. If you put hope on that, its like 1% only. Even if maybe they did have unsold units, the demand is still there. If you're backing off, there will be other people wants to replace you.

I on the other hand have been waiting for this unit, I'm positive it's not going to be the same as cyberia(I've stayed there before). At least for the first 5 years lol. I believe that PRIMA will be more of family type people, middle income. But still I don't deny your point which is it's high density. Well if you think for own stay, it's a good neighbourhood. The Lake Point residence is also a high end condo also so it will be mixed of peoples.

If you opt for investing, maybe it's not a so good idea. You can't rent it on early stage, if you do get caught there will be consequences. If you want to flip, the market value also won't increase much also over the years. (That's just my opinion, im no expert)

My purpose of buying is for own stay, since my work mainly around Cyberjaya. Good thing now I've already booked a corner unit there, and now my loan has been approved by BSN and maybank. Still have 2 weeks to consider which loan should I go for. Anyone is expert on home loan do give me some tips and considerations.

This post has been edited by Jidins: Mar 4 2017, 02:02 PM

Actually that guy commenting very similar like my customer.

Come to Savanna Exec Suite Southville Bangi culture shock rm430-480k 955sqft fukken expensive wtf bbq????
Who the heck will buy???? Confirm failed!!

Some more total unit in 8 tower there exceed 3k units....

Usually this kind of my customer they come frm area like Kajang, Semenyih, Sepang, N. Sembilan, Melaka, outskirt area whr the price is still cheaper.

Meanwhile my customer based from KL, northern Klang Valley come view, terus sapu....they say cheap....KL area, Ampang, Wangsa Maju, etc all 1k sqft unit minimum pricing rm650k above... in the end 3k unit mostly all sold out also....

This means different customer have different point of view....what one assume overprice by someone, thrs simply more ppl whose think it is still very cheap....

No offence, I knew very well that Pr1ma won't sell well no matter where it is.

The reason is simple. It's a failure in the whole process. Not that there r no demand. But they waste time and effort to sell to those that eventually doesn't want or could not secure loan. Not developer issue, location issue or price issue.

Hi Jidins, may I know you are from which batch of unit booking and can you please share with us on much would you be paying for the disbarment fee? Also what's the loan rate are you getting? Tq