I mean, many loan applications have been declined by the banks and developers can't find buyers for the units in the end. I give you one example, PR1MA Alam Damai. Many many rounds of balloting and now open for anybody who meets the criteria to buy. But still many unsold units there.

Government realises this and has reduced the moratorium by 50% to 5 years only and increased the income eligibility by 50% to RM 15k.

However, if developers still can't sell off the units, I hope they can start reducing the prices gradually to ensure that all units can be sold off immediately. I do not want PR1MA projects to be held by developers even after full completion later.

Think about it, Cyberjaya lakefront has about 2,000 units. Do you seriously think that MCT can sell all PR1MA units? I do not think so in the current bad and soft market where banks are very very strict to give financing especially to the middle income earners.

Hi, Anyone know how prima lakefront will be maintained? Fee and etc. Just a bit concern on how to manage almost 2k of tenants . Currently living in a low density apt, if failed to pay, they just locked the meter air 😂

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.

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.

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

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.

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.

Been there, saw nothing wrong. Not the first time you make that kind of statement, yet you never back your claims... Talk is cheap indeed.

Congratulations! In your opinion, is it better than the PR1MA Cyberjaya Lakefront by MCT?

Yes I agree with you. But why is it then the project by MCT for PR1MA lacks the value proposition? Must they cramp the future buyers until need to build 2,000 units?

Should MCT reduce their selling prices or risk buyers pulling out from this project?

Obvious reasons bro. Cyberjaya 2 is in or near Dengkil, not so sure. Land there is less expensive then CBD. Maybe once developed few years down the road will be as expensive as CBD now.

Lakefront mind you is meters from colleges like MMU etc. Future rental or even unit sales will be much higher. And if the chinese school does well it is then a confirm thing.

So seems like PR1MA Cyberjaya 2 is in a better location, with much much LOWER density and surprisingly cheaper than PR1MA Cyberjaya Lakefront????

I'm just amazed on how could PR1MA allow such thing to happen that severely disadvantaged people who are selected to purchase PR1MA Cyberjaya Lakefront.

Oppss sorry. I got mixed up with MCT Cybersouth project. My bad. Thanks.

So if we compare PR1MA projects, definitely this Lakefront Cyberjaya is overpriced.

Why do I say so?

Just compare it to Cyberjaya 2 which is in a better location that is in CBD. which has much much lower density, BUT price is lower than Cyberjaya Lakefront.

What's your views?

Thank you for your kind response.

I understand if there is a bit higher or a bit lower density. That's totally fine Sir.

But what is unacceptable here is the INSANELY HIGH DENSITY!!!!

I mean, it's just extreme.

First phase about 2,000 units and second phase slightly more than that.

SO altogether will have more than 4,100 units!!!

Imagine a family with 3 kids, so that will be a STAGGERING 20,500 PEOPLE living together in one proect.

I'm so sorry to talk about this, but this is just so glaring that will severely affect the lives of the people there.

Even low cost housing projects do not design it in such a way!!!

24 units per floor? Oh my....

Then my biggest FEAR of EXTREMELY HIGH DENSITY is REAL.

I hope you guys can imagine how crowded it will be with 4,000 units and 20,000 people living in that place.

Compare that to Cyberjaya 2 with only 400++ only units...Just about 11% of this project...

AND YET, Lakefront Cyberjaya wants the buyers to pay more than Cyberjaya 2.

Does this make sense GUYS?

To this pr1ma_owner guy, I don't know why the fuss you created since a week ago nagging about the high Rm280k price and 'high density/sardine pack' stuff. I'm one of the few lucky ppl to actually own on of the units there. I don't think its an expensive price considering the facilities and the surrounding environment. Stop nagging like a 5 year old child and repeating the same shit. You don't like this Pr1ma Cyberjaya Lakefront and I don't think you're being selected or even apply for the ballot. Maybe its just best that you keep your mouth shut.

Regards.
A sane person

Thank you for your comments Sir.

Does that mean if I'm not the buyer for this particular project, then I can't express my views?

Please clarify.