Just to clarify, there is Phase 2 according to one of the members here.

Point number 2 is that, yes Lakefront Cyberjaya is more expensive, but also LOOK at the DENSITY!!

Please, so much more DENSE also can sell at a higher price????

[quote=mamushka,Mar 30 2017, 10:48 AM]
[quote=pr1ma_owner,Mar 30 2017, 09:57 AM]
Thank you for your kind response Sir.

I think by you comparing with other private projects such as other condominiums with this PR1MA project is completely misleading.

Why do I say so? Because other normal projects do not get incentives like how PR1MA projects are!

So if you want to compare, please compare PR1MA projects with PR1MA projects. Otherwise, you will be comparing oranges with apples which is UNFAIR.

So if we compare PR1MA projects, which are Cyberjaya 2 and Cyberjaya Lakefront, you can see that Cyberjaya lakefront has EXTREMELY higher density, in a worse location, which is further away from CBD compared to Cyberjaya 2...and SUDDENLY selling at higher price than Cyberjaya 2.

Can someone explain to me if this make sense at all?

i think prices are what developer is giving . well if you look into Selangorku projects they have a ceiling price of 250k..much cheaper but depends on the type of project and developer.. For me the Lakefront Homes for 280k is reasonable enough

[/quote]

Thank you for your kind offer of opinion.

Think about this, what makes Lakefront Cyberjaya more expensive than Cyberjaya 2?

In terms of developer, Gadang (developer for Cyberjaya 2) is more known as a developer of high quality.

In terms of density, Cyberjaya 2 wins very big with much much lower density.

In terms of location, it's fair to say that Cyberjaya 2 is in a better location compared to Cyberjaya Lakefront.

In terms of facility, only thing is no swimming pool? But it also means that maintenance fees and sinking fund will not be too expansive to maintain the swimming pool.

But in the end, SUDDENLY Lakefront Cyberjaya is more expansive.

Can't PR1MA do something to ensure fair pricing across the projects offered by them?

Can't MCT offer 10 to 15% extra discounts about RM 40k to compensate the future residents from over population? This will reduce the selling price to RM 240k which is more reflective of the value

This post has been edited by pr1ma_owner: Mar 30 2017, 10:55 AM

Thank you so much for your valuable response Sir.

True there were 8,000 applicants.

BUT....You're missing one very important point here.

Firstly, so many people backed off due to long waiting period and they bought other houses already.Some even simply just applied with no intention to buy. Some got scared due to BAD economic conditions and BAD sentiments.

Secondly, LOAN approval rate is so low!!!! So may people couldn't secure financing.

Just look at PR1MA Alam Damai. When it got balloted the number of applicants far exceeded the number of units.

Now PR1MA Alam Damai is almost completed, but still so many vacant units.

PR1MA even did so many rounds of balloting and FINALLY opened to the public below RM 15k a month salary.

But still couldn't secure firm buyers.

And PR1MA ALam Damai got much less units than Lakefront Cyberjaya.

It can be said with high certainty that so many units here will be unsold and vacant.

Why not ask for some discounts?

Thank you for your kind response Sir.

I'm not worked up, and please don't say or label people like that. Sounded very judgemental.

Anyways, I'm just trying to highlight the DENSITY issue as well as the higher price tag despite the lower value proposition compared to PR1MA Cyberjaya 2.

Thank you for your clear clarifications.

Guys, think about this, Phase 1: almost 2,000 units, phase 2: about similar?, Rumah Selangorku some more?? Private project some more?

I think this Cyberjaya Lakfront will be SUPER SUPER crowded with people and cars!

Is this the standard of living that the future buyers want?

Which is even worse than PPRT or low cost housing projects?

And after all the hardship of living with too many other people and such a big pain of crowded homes, what do the buyers get? Get to pay higher for each unit than CYBERJAYA 2? Oh yes!!!!!!

Come on! We deserve better than this!

This post has been edited by pr1ma_owner: Mar 30 2017, 11:11 AM

Thank you for your invaluable response Sir.

You can refer to reports by REHDA which is an association of developers. They too have been complaining of extremely high loan rejection rates.

Look at it this way. With very bad economic conditions and even more turbulence expected in the future, why must PR1MA allow such a high price and EXTREMELY dense apartment?

Many other developers are already lowering their price points.

Why can't MCT do the same?

Thank you for your reply Sir.

Highrise.

Please do not make such comment about not having 3 cars.

Firstly, in Malaysia, we drive many cars cos public transport is still far behind.

Secondly, buyers of PR1MA will be having less than RM 15k a month.

Tell me if RM 15k a month or even with salary half than that, RM 7,500 can't afford to buy cars?

You just go and see even low cost housing. They have so many cars and they park and double and triple park along the road.

So I hope please make your points based on the reality.

The almost 2,000 units are only for Phase 1 only.

Phase 2 there'll be more and more units.

Thus the crowding out factor will kick in HARD!!!

This post has been edited by pr1ma_owner: Mar 30 2017, 11:49 AM

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?

Thank you for your reply Sir.

My point here is simple. With such EXTREME density, why on Earth is MCT charging a higher price?

Is it fair for the buyers?

Buying a house is a big commitment to Malaysian families.

I think they must be well informed before they buy this property.

Just look at in this forum, so many people do not actually know that there are 2 phases and soon there will be 4,000 units cramping there.

Isn't that lack of knowledge will lead to dissatisfactions among the buyers?

MCT must be transparent as to why they're charging buyers higher despite CRAZY density.

This post has been edited by pr1ma_owner: Mar 30 2017, 12:03 PM

Not only that's a lot of units, it comes to a point where the density doesn't make sense already.

Imagine PR1MA alone there will be 4,000 units... Then the normal Lakefront project some more.

Can you imagine the massive road congestion later?

Thank you for your reply Sir.

My point here is not about discounts.

But I want PR1MA to ensure consistent prices across the projects.

Don't you think it's unfair for the buyers to be paying more for something that's worse?

Not only that, potential buyers of Lakefront Cyberjaya keep on thinking there are only about 2,000 units, but in actual fact, there'll be about 4,000 units!!!

DOUBLE than their expectations. So I want this messaging to be out there and being considered before the buyers make the final decision.

This post has been edited by pr1ma_owner: Mar 30 2017, 12:14 PM

Thank you for your kind response Sir.

I don't actually get it when you say the potential buyers should have looked into the possible problems that might arise and they will make a fair decision into getting the property (like you).

How can they make a fair decision when they do not get the true facts and the complete picture?

Many would have thought only less than 2,000 units, BUT in actual fact, the number will be DOUBLE to 4,000 units.

Please enlighten me on how can the potential buyers make a fair decision without knowing the facts and figures?

Thank you for your kind response Sir.

Ya we always assume that.

But many potential buyers simply look at PR1MA website and see 1,900++ units and make their decision.

Just imagine this ya, with 4,000 units and with average family with 2 or 3 kids, that will be 20,000 people.

Can you imagine how the swimming pool will be with the usage by 20,000 people?



This post has been edited by pr1ma_owner: Mar 30 2017, 12:35 PM

Thank you for your wise comments Sir.

I fully agree with you that the very high dense project such as Cyberjaya Lakefront of total units amounting to 4,000 is way way wayyyyyyyyyyyyyy too much to handle.

I think the developer is trying to squeeze out whatever they can from here.

It's not easy to make money out of PR1MA projects, but sometimes developers cut corners until it becomes a LIABILITY, thus disadvantaging and burdening their buyers.

Thank you for your kind response Sir.

I wish to make it clear here we must ensure apple to apple comparison. Otherwise it will be an unfair comparison.

DO NOT compare PR1MA projects with normal private projects. It's as simple as that.

It is not right to compare the PR1MA Cyberjaya Lakefront to the one opposite of non-PR1MA units there.

PLEASE do not compare PR1MA with non-PR1MA projects, cos they are not similar.

So if we look at apple to apple comparison for this PR1MA Cyberjaya Lakefront, the closest comparable is the PR1MA Cyberjaya 2, by Gadang.

Cyberjaya 2 is located in a better location (i.e. nearer to CBD), have much much lower density with only 469 units compared to Cyberjaya Lakefront of about 4,200 units (combining phases 1 and 2).

HOWEVER, out of a sudden Cyberjaya Lakefront is charging higher with a higher price tag than Cyberjaya 2.

The number one issue here is about the density. Is it not RIDICULOUS to be making 4,200 units cramping in one project?

EVEN the very low cost housing does not have density as bad as this. WHy should PR1MA allow this to happen, when PR1MA is supposed to attract the middle income with salary up to RM 15K per month???

So, let me ask again, is this fair to the future buyers?

Thank you Sir for your kind comments.

I am only questioning the fairness of PR1MA in this.

These two similar projects are both in Cyberjaya.

But surprisingly the one that's so much more DENSE is offering at a higher price.

I really wonder why can't PR1MA ensure the best value across all future PR1MA buyers.

Thank you Sir for your kind comments.

As I said, please DO NOT compare PR1MA projects with non-PR1MA projects.

If you wanna make a comparison, please compare PR1MA projects with other PR1MA projects.

It must be on an apple to apple basis comparison.

So here as I've stated, Cyberjaya 2 is offering better value with much much less density, but why on Earth, that PR1MA Cyberjaya LAkefront's price tag comes in at a higher price?


Isn't it unfair to the future buyers of this project? When PR1MA has also approved another project at Cyberjaya 2 which has much much lower density (only 469 units compared to Cyberjaya :akefront of 4,200 units) as well as better location wise which is nearer to CBD, but offering lower price tag than PR1MA Cyberjaya Lakefront.

To be honest, many buyers of this project thought the number of units will be 1,900++ only. But they didn't know it'd be 4,000 units in the end.

So without proper knowledge, can they make a sound and wise decision?

Thank you for your comment.

First, you must know where CBD area is.

Then just google map and see yourself from Cyberjaya 2 to CBD area and between Cyberjaya Lakfront to CBD area.

Hope this helps

Thank you for the very sensible and wise comments Sir.

I do agree with you that they squeeze 24 units for every single floor is just crazy. YUCKS!!!!!

And don't forget the 4,000++ units. If one family has 2 or 3 cars, then then they'd have to deal with more than 12,000 cars just from that PR1MA project.

Are you KIDDING me????

This post has been edited by pr1ma_owner: Mar 31 2017, 04:32 PM