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

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DavidKool
post Dec 16 2016, 05:56 PM

On my way
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Joined: Jun 2012
QUOTE(accetera @ Jan 3 2016, 01:11 AM)
Non-Completion:

St. Regis Residences
The Ritz-Carlton Residences
Banyan Tree Signature Residences
Tropicana The Residences* (note this is not managed by W Hotel)
The RuMa Residences
YOO8 Serviced Residences by Kempinski
Kempinski Residences
The Manor Kuala Lumpur* (to be managed by Alorie Hotels & Resorts)
Four Seasons Private Residences
Jumeirah Living Premium Residences
Sofitel So Managed Residences
Movenpick Serviced Residences* (note to be finalised)
Imperial Lexis by Grand Lexis
Hilton Serviced Residences City Centre
Marriott Executive Apartments
*Both Singapore-based Ascott Limited and Frasers Hospitality Group will manage another 3-4 properties respecitvely in Klang Valley next few years
*Brands like HYATT House will manage a portion of Arcoris MK in suburban market.
*Lumi Tropicana will be a local branded full hospitality service residences (optional) managed by Lumi Hospitality

**Many more brands in discussions now.
*
Got update list? tq
DavidKool
post Aug 30 2020, 03:45 PM

On my way
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Junior Member
501 posts

Joined: Jun 2012
QUOTE(Babizz @ Aug 30 2020, 02:12 PM)
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 😃
*
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

DavidKool
post Sep 9 2020, 12:58 AM

On my way
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Junior Member
501 posts

Joined: Jun 2012
QUOTE(HereToLearn @ Sep 8 2020, 10:25 AM)
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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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.
DavidKool
post Sep 9 2020, 07:09 PM

On my way
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Junior Member
501 posts

Joined: Jun 2012
QUOTE(HereToLearn @ Sep 9 2020, 07:42 AM)
Is it? LOL, i saw lowyat posting psf very very pricey, after rebate all only 740 psf (final rebate), all others kena trapped high

Star residence density is the same as m-city though, star residence also have rebates, and what confidently tells you that there was no bulk purchase?
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We can just see the actual location of the Jalan Ampang, no of units within the project and estimated sizes, then can estimated how much the psf it will sell by the developer.

Surrounding M City have plenty of middle end units available. The plot ratio here is maximizing. If RM 740 psf now, i not sure whether buy-able or invest-table or not but I personally think the price is not high given that most of the non KL also selling more than this. However, I personally doesn't believe this area.

For Star Residence, I not sure if there was any bulk purchase, they rather target foreigner market rather than local bulk purchase. Their price range all above 1mil, and nearby KLCC, easily can attract foreigners.

Between we should not keep comparing both because both are totally different product, location, profile buyers, market segment, quality and affordability. They came to HK to do promote the project, my local friend told me some Korean buyers due to their main contractor. But I forgot what rebates they offered me 2 years ago but confirmed not those 25-30% like Mah Sing doing.


 

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