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Investment PARADIGM PETALING JAYA | THE AZURE RESIDENCES [OT], Live in a Hotel-Like Splendour

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andersondsilva
post Aug 26 2014, 03:24 PM

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Hi,
I wanted to know about is this helpful for me ? Because I wanted to know about real estate property investment strategies.
RT7
post Sep 6 2014, 11:51 AM

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Paradigm Residences 1 is now called AZURE. The current selling price is RM1000psf. It is a crazy price! As usual developers are greedy and thinking it can sell because of the only advantage is location. Let me tell you after doing a lengthy research on AZURE that this property is a leasehold land on commercial title and the worst part is the maintenance charges is RM0.55 psf.WHAT THE HELL? They (developer) cannot provide a comparison chart on other projects nearby because theirs is the most expensive. There is no return on investment as it cannot cover your monthly installment plus the maintenance charges is bloody high! Ask the salesman why so high the maintenance charges and cannot give a proper answer. This developer is a rip off.
bb68
post Sep 6 2014, 01:47 PM

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QUOTE(RT7 @ Sep 6 2014, 11:51 AM)
Paradigm Residences 1 is now called AZURE. The current selling price is RM1000psf. It is a crazy price! As usual developers are greedy and thinking it can sell because of the only advantage is location. Let me tell you after doing a lengthy research on AZURE that this property  is a leasehold land on commercial title and the worst part is the maintenance charges is RM0.55 psf.WHAT THE HELL? They (developer) cannot provide  a comparison chart on other projects nearby because theirs is the most expensive. There is no return on investment as it cannot cover your monthly installment plus the maintenance charges is bloody high! Ask the salesman why so high the maintenance charges and cannot give a proper answer. This developer is a rip off.
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doh.gif doh.gif doh.gif
Babizz
post Sep 18 2014, 06:05 AM

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they just emailed me about the launch of azure...sales must be reli bad haha
Babizz
post Sep 18 2014, 06:11 AM

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named the Azure Residences Paradigm PJ also..maybe phase 2
bigman
post Sep 18 2014, 08:27 AM

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QUOTE(Babizz @ Sep 18 2014, 06:11 AM)
named the Azure Residences Paradigm PJ also..maybe phase 2
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initial planning to do hotel or offices...but end up residence.... hmm.gif

This post has been edited by bigman: Sep 18 2014, 08:27 AM
Babizz
post Sep 18 2014, 10:56 AM

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QUOTE(bigman @ Sep 17 2014, 06:27 PM)
initial planning to do hotel or offices...but end up residence.... hmm.gif
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oh i tot they renting out the Ascent corporate office tower?
they are smart la.. transfer all the risk to buyers.. then u have people here who feel 1k psf in Kelana Jaya is cheap cos kelana got LRT extension etc (which is not gona add any value to KJ).
Let them buy and we will judge 3 years from now..
i've been to paradigm n Tropicana City Mall a few times and find them very average malls.. duno what's the big hype abt living near paradigm
bigman
post Sep 18 2014, 11:10 AM

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QUOTE(Babizz @ Sep 18 2014, 10:56 AM)
oh i tot they renting out the Ascent corporate office tower?
they are smart la.. transfer all the risk to buyers.. then u have people here who feel 1k psf in Kelana Jaya is cheap cos kelana got LRT extension etc (which is not gona add any value to KJ).
Let them buy and we will judge 3 years from now..
i've been to paradigm n Tropicana City Mall a few times and find them very average malls.. duno what's the big hype abt living near paradigm
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malaysians like shopping ma...if the project attach to shopping mall...no matter is small or big...the price will sky rocket tongue.gif
Babizz
post Sep 18 2014, 11:12 AM

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QUOTE(bigman @ Sep 17 2014, 09:10 PM)
malaysians like shopping ma...if the project attach to shopping mall...no matter is small or big...the price will sky rocket  tongue.gif
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ya lorr.. not me. for ownstay I prefer not too near malls.. wanna see how their response for the new block..
ibbrio
post Sep 20 2014, 10:07 AM

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is it selling now azure residence by WCT at paradigm?

this mall better than tropicana city mall la...

anybody knows the sizes and price?
just launched or ??

This post has been edited by ibbrio: Sep 20 2014, 10:10 AM
ftan
post Sep 20 2014, 10:11 AM

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QUOTE(ibbrio @ Sep 20 2014, 10:07 AM)
is it selling now azure residence by WCT at paradigm?

this mall better than tropicana city mall la...
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Yes. But I seldom visit this mall. Prefer to go MV or 1U. I think it's good as a neighborhood mall.
BigMan123
post Sep 20 2014, 10:49 AM

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QUOTE(RT7 @ Sep 6 2014, 11:51 AM)
Paradigm Residences 1 is now called AZURE. The current selling price is RM1000psf. It is a crazy price! As usual developers are greedy and thinking it can sell because of the only advantage is location. Let me tell you after doing a lengthy research on AZURE that this property  is a leasehold land on commercial title and the worst part is the maintenance charges is RM0.55 psf.WHAT THE HELL? They (developer) cannot provide  a comparison chart on other projects nearby because theirs is the most expensive. There is no return on investment as it cannot cover your monthly installment plus the maintenance charges is bloody high! Ask the salesman why so high the maintenance charges and cannot give a proper answer. This developer is a rip off.
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Not forgettng leasehold plus htc nearby
ibbrio
post Sep 20 2014, 01:25 PM

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QUOTE(ftan @ Sep 20 2014, 10:11 AM)
Yes. But I seldom visit this mall. Prefer to go MV or 1U. I think it's good as a neighborhood mall.
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only for nearby residents; no need to drive that far
so residential attached to shopping mall always can sell better especially to those work in the shopping mall but can potentially becomes a lousy place to live the moment every unit becomes the hostel sort of for workers to stay
eg employer rent and put 10 tilams for workers to sleep then you see the 10 workers as neighbour will put you off
this is a risk
ibbrio
post Sep 20 2014, 01:27 PM

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QUOTE(BigMan123 @ Sep 20 2014, 10:49 AM)
Not forgettng leasehold plus htc nearby
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another HTC shocking.gif ?
looks like nowadays HTC is here and there
so go to shopping mall is also health risk from HTC
ftan
post Sep 20 2014, 02:10 PM

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QUOTE(ibbrio @ Sep 20 2014, 01:25 PM)
only for nearby residents; no need to drive that far
so residential attached to shopping mall always can sell better especially to those work in the shopping mall but can potentially becomes a lousy place to live the moment every unit becomes the hostel sort of for workers to stay
eg employer rent and put 10 tilams for workers to sleep then you see the 10 workers as neighbour will put you off
this is a risk
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If the shopping mall is managed well to become popular and somewhat "high end", I don't think the residential will be rented out to workers. Owners can rent out to office workers (if got offices), etc. Less headache, no?
ibbrio
post Sep 20 2014, 02:12 PM

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QUOTE(ftan @ Sep 20 2014, 02:10 PM)
If the shopping mall is managed well to become popular and somewhat "high end", I don't think the residential will be rented out to workers. Owners can rent out to office workers (if got offices), etc. Less headache, no?
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by right should be but few owners actually (know or don't know) let their unit out to one person
the one person is usually renting for their staff, workers especially foreign workers
so i wonder how many couple, family will buy and stay or more by investors who only care for rental?
ftan
post Sep 20 2014, 03:03 PM

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QUOTE(ibbrio @ Sep 20 2014, 02:12 PM)
by right should be but few owners actually (know or don't know) let their unit out to one person
the one person is usually renting for their staff, workers especially foreign workers
so i wonder how many couple, family will buy and stay or more by investors who only care for rental?
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You have a point. Rent to one person who put many workers in. doh.gif
Will definitely ruin your nice property.
TSaccetera
post Nov 16 2014, 04:18 PM

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Thread title amended to new name The Azure.
Zac77
post Dec 10 2014, 07:07 PM

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in case any1 still keen..cos went there last weekend..5% rebate, free SPA legal fees, loan stamp duty & MOT...cheapest now is RM788K...and they oso have show units but have to wear safety helmet and safety vest =_= not suitable for ladies wearing skirt
PeriPeri2014
post Dec 10 2014, 08:14 PM

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QUOTE(ibbrio @ Sep 20 2014, 01:27 PM)
another HTC  shocking.gif ?
looks like nowadays HTC is here and there
so go to shopping mall is also health risk from HTC
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Y msia so many Htc???

every way....

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