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Investment STAR RESIDENCES @ KLCC | ONE | TWO, So tall !!! 2x 61F & 1x 57F

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Babizz
post Jul 9 2014, 12:09 PM

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any progress pics? why need SG company to market? sales not good meh?
Babizz
post Sep 18 2014, 11:04 AM

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I feel Star is quite affordable compared with many other KLCC/BB condos.. tribeca n face platinum being some of the names..
Babizz
post Sep 18 2014, 11:10 AM

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QUOTE(puchong@residenz @ Sep 17 2014, 09:05 PM)
Have you bought one or a few ?
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im a small fry and won't buy KLCC tongue.gif
little upside potential.. the features here are good but the building is not stunning enough for me.. gona be a waste if they stick with that design...
Babizz
post Sep 18 2014, 11:26 AM

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QUOTE(puchong@residenz @ Sep 17 2014, 09:14 PM)
I heard the Sales people are going oversea to find customers. Properties in KLCC is not what most local folks will usually buy. I supposed Tribeca and others will also have to find oversea buyers.
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wahh i was under the impression that sales was very good.. smart developers will go overseas first then only sell local.. let all d foreigners sapu so they less stress. i think Tribeca sold like 45% to foreigners.. tht one is d most overpriced condo in KL IMHO..

If star is 1.5k, DC residency(also market overseas kau kau) is 1.4-1.6k so star is more worth it than DC lorr.. i like to wait for recession than this foreign investors will fold one.. u see Seni MK many auction..
Babizz
post Dec 15 2014, 11:26 AM

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QUOTE(mataseri @ Dec 14 2014, 08:54 PM)
yes, just started a few days or may be a week or two ago.

i can see the machines from my condo.
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Rich taikor spotted drool.gif drool.gif
surrounding condos will suffer in the short term la. long term got star walk of fame n top notch FnB spots.. good for ur condo..
Babizz
post Dec 15 2014, 10:59 PM

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QUOTE(mataseri @ Dec 15 2014, 01:22 AM)
yeah right short term... total 5-year wait for that to happen.

now mews is undercons. baru tingkat 1. ini pun bising.
nanti star res pulak.

i agent also. condo kuning sebelah is selling at 700psf. mau tak mau?
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haha, klcc very hard leh... unless my neighboring plots all developed d.. if got construction, sure hard to get tenant..

KLCC rental now slowing down ah?
Babizz
post Dec 17 2014, 07:33 AM

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QUOTE(mybenz @ Dec 16 2014, 01:58 PM)
Still not sold out ? What's the abs entry price for this one? 1.6kpsf hmmm
It is really a turn off unit is without car park ..forcing owner to rent ... Nowadays no give car park how to buy..
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in the future, carparks in the city centre will be a commodity (will have to pay much more than now). something like NY n all where carparks cost usd800-1000+ per month..


Babizz
post Dec 19 2014, 01:51 PM

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QUOTE(mataseri @ Dec 18 2014, 11:32 PM)
depends laa.. kalau boleh tahan in 2-3 years time. boleh laa.. star resi done, four season, klcc2,
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i think 4 seasons n star resi will take another 4 yrs.. klcc2 5 yrs la.
Babizz
post Dec 20 2014, 10:05 AM

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QUOTE(PeriPeri2014 @ Dec 19 2014, 07:48 PM)
3000psft in years 2020 with all project that u mention done??  hmm.gif  hmm.gif
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If u analyze KLCC price appreciation over the past 10 years, u will never buy a prop in KLCC tongue.gif tongue.gif
Babizz
post Oct 13 2015, 08:41 AM

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not gona comment on oversupply but dis developer is among the worst ones in KV in terms of final product, progress etc..

Ask any1 staying in tijani/arata or any other of their projects like the wharf n u will find out..

This post has been edited by Babizz: Oct 13 2015, 08:45 AM
Babizz
post Jun 20 2019, 05:48 AM

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Facade looks like crap
Babizz
post Nov 19 2019, 08:44 PM

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One of the trashiest buildings in KLCC. Super high dense.

Expect rock bottom rental and subsale!!
Babizz
post Aug 30 2020, 05:16 AM

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QUOTE(AskarPerang @ Aug 29 2020, 03:19 AM)
Lelong unit check in.

1-51-7, Residensi Star 1 & 2
Reserve price: πŸ”₯πŸ”₯RM 1,150,000πŸ”₯πŸ”₯
Freehold
851sqft (Type B3)
Auction date: 26-Sep-2020 (Sat)

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

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This is the bank value and first auction?? Much lower than launch price right.

1700 units here. no eye see.
Babizz
post Aug 30 2020, 02:12 PM

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QUOTE(rizts @ Aug 29 2020, 09:48 PM)
This is trashiest?
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Look at the facade and density. Any other newly VP 1800psf project with similar facade n density?

Anyway let's see what it transacts soon and let the markets dictate the value πŸ˜ƒ
Babizz
post Sep 8 2020, 06:55 AM

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QUOTE(W.ROOK @ Aug 30 2020, 12:20 AM)
From the video, it does look rather good wor.


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Looks good but many thousand units. One term from the video : very hot rental market. Let's see whether I'm right or him.

QUOTE(DavidKool @ Aug 30 2020, 01:45 AM)
Not sure if there are other developments with such high density.

Star looks not bad, my HK friends and I are looking into it about 2 years ago but the Ascott block priced us out with over RM 2k psf. The earlier blocks, agents gave us few indicative launched price few years earlier, some say RM 1.4k+ and some say RM1.6k to 1.8k psf
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Look at the lelong post below. Your friends dodged a bullet.

QUOTE(HereToLearn @ Sep 4 2020, 06:10 AM)
Lelong already started at 1118 psf (950k for 850sqft). Too many units, confirm lelong out a lot

feels like m-city lelong all over again, can slash more than 50% from here. Just die die wait

Opportunities to come soon biggrin.gif
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Means first round lelong also lower than SnP and nett price also. Launch price about 1500-1700psf.

Let the party begin!

This post has been edited by Babizz: Sep 8 2020, 08:02 AM
Babizz
post Sep 8 2020, 10:46 AM

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QUOTE(HereToLearn @ Sep 7 2020, 08:25 PM)
M city avg launching price: RM1,408.7 psf
Source: https://www.propertyguru.com.my/new-propert...y-ampang-113706

Lowest lelong 540 psf, expect to drop even more. But lets just use this number to more conservatively predict price drop,

540/1408 = 38.4%
Star lelong can get 1600*38.4% = 613 psf
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Your analysis Tak boleh pakai πŸ˜† everything compare with m city

Lowest ever this will go is 800psf. At that price is quite a steal in KLCC.

This post has been edited by Babizz: Sep 8 2020, 10:49 AM
Babizz
post Sep 8 2020, 11:04 AM

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QUOTE(HereToLearn @ Sep 7 2020, 08:56 PM)
LOL same dense as M city ma.
Idaman (old and less dense) transacted price 629 psf
Crest (old and less dense, leasehold) transacted price 550 psf
Let me have my dream come true la. I too poor to afford 800 psf  ranting.gif
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Is idaman and crest same grade and size as this star? Quality of facilities, building n all the same?? Location n access also comparable?

Let's see whose right. My take is the first auction will transact at 900-1kpsf. I expect many bidders also.

This star everyday standing in front of auctioneer office, sure kenaπŸ˜†πŸ˜†πŸ˜†πŸ˜†πŸ˜†πŸ˜†
Babizz
post Sep 9 2020, 06:53 AM

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QUOTE(DavidKool @ Sep 8 2020, 10:58 AM)
The analysis written it wrongly. M City area, at most can launched at RM 650-750 psf back then.

This Jalan Ampang is very huge different compare to Jalan Ampang near KLCC, the value can be 2-3 times off.

M City or Mah Sing, not surprise if many lelong since the density is so high and late buyers all entered with bulk purchase with cash back.
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+100

Also the quality of the fittings is different. I still wonder how the mcity stretched can be used as a benchmark to compare with KLCC proper.

Mcity side can walk to top mall in Malaysia, twin towers, lrt, many other offices, malls and hotels?????


Babizz
post Sep 9 2020, 10:38 AM

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QUOTE(HereToLearn @ Sep 8 2020, 05:43 PM)
Definitely no, thats why i am comparing the possible price drop percentage (from auction), not the psf

I am expecting m city to hit below 400 psf like arte and the elements, but not this project. Expecting this project can trade at 50% premium more than than m-city
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Ok la you win. You're analysis very spot on. Everywhere can use your formula.

When you win star at 600psf you will also get dinner in shang from me. So double win πŸ˜†πŸ˜†πŸ˜†πŸ˜†
Babizz
post Oct 24 2020, 10:03 PM

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QUOTE(AskarPerang @ Oct 24 2020, 04:52 AM)
Last unit sold at 1.1M.
This unit at 880k only.
Same owner.
Good luck.
1-50-7, Residential Tower 1, Star Residences One
Reserve price: πŸ”₯πŸ”₯RM 880,000πŸ”₯πŸ”₯
Freehold
710sqft
Auction date: 07-Nov-2020 (Sat)

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

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How many rounds already?

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