Investment STAR RESIDENCES @ KLCC | ONE | TWO, So tall !!! 2x 61F & 1x 57F
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 Nov 2 2013, 01:07 PM
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#1
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All Stars
33,615 posts Joined: May 2008 
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QUOTE(propertybbb @ Nov 2 2013, 12:19 PM) 1800psf i.e. cheapest 900k+ Zzzzzzzzz. Can skip. Jln yks there still have plenty of choices lower than this. Small 7xxsf rental there hard to touch 4k. 9xxk stll bbb?  QUOTE(ecin @ Nov 2 2013, 12:56 PM) 1,800 psf is not high Assuming 750 sf, 1800 psf, and 4k rental,Price = 750 sf x 1800 = 1.35 mil Yield = 4k * 12 / 1.35 mil = 3.5 % That's a minimum yield. |
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Nov 2 2013, 01:37 PM
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#2
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All Stars
33,615 posts Joined: May 2008
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QUOTE(savants @ Nov 2 2013, 01:17 PM) RM1800 psf in within KLCC is no more expensive. Buy for what reason ? If the rental yield is poor and secondary sales market is slow ......KLCC area already touched RM3000, we will be seeing higher psf in coming 5-10 years. If i have the bullets i will be sure to get one of those. Malaysia KL is still the cheapest city among ASEAN country with one the highest GDP. |
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Nov 16 2013, 05:16 PM
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#3
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All Stars
33,615 posts Joined: May 2008
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QUOTE(accetera @ Nov 16 2013, 05:03 PM) Private preview at KL Convention Centre. Went? I thought next week?Anyone went? Site: Carpark is hoarded... but still used as carpark. |
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Nov 20 2013, 07:38 PM
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#4
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All Stars
33,615 posts Joined: May 2008
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QUOTE(restful increase @ Nov 20 2013, 07:28 PM) Pls note NO Dibs n NO carpark in the sale price. Developer will not sell d carpark. Owners hv to rent d carpark.. Yup no car park is the major downside of this project. Are they making any promises on the car park rental ? |
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Nov 21 2013, 01:19 PM
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#5
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All Stars
33,615 posts Joined: May 2008
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The SA says there will be MRT station nearby. Cannot be MRT1 right ?
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Nov 21 2013, 01:24 PM
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#6
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All Stars
33,615 posts Joined: May 2008
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QUOTE(tengster @ Nov 21 2013, 01:22 PM) LRT and KLCC are enough of a USP... So berapa biji you sudah booked ? And which facing ? |
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Nov 21 2013, 01:26 PM
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#7
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All Stars
33,615 posts Joined: May 2008
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QUOTE(tengster @ Nov 21 2013, 01:25 PM) Honestly... NONE... OK maybe you want to comment on the views ? Which facing is the best ? |
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Nov 21 2013, 02:19 PM
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#8
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All Stars
33,615 posts Joined: May 2008
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Between Robertson and this one, which is better ?
Anyone care to comment ?  |
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Nov 21 2013, 02:24 PM
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#9
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All Stars
33,615 posts Joined: May 2008
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QUOTE(puchongite @ Nov 21 2013, 02:19 PM) Between Robertson and this one, which is better ? Anyone care to comment ? QUOTE(airline @ Nov 21 2013, 02:21 PM) Buy both If don't want to get so over geared and have to choose only one. |
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Nov 21 2013, 04:10 PM
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#10
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All Stars
33,615 posts Joined: May 2008
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QUOTE(bb68 @ Nov 21 2013, 03:45 PM) So, are we comparing But KLCC is a more prime location. 1. KLCC vs Pudu 2. 1800psf vs 1100psf personally pick Robertson, as the any movement of Plaza Rakyat or Warisan or BB centre or even Jln Alor beautification will push Robertson higher . m2c  Business travelers will likely want to stay around KLCC. |
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Nov 21 2013, 04:42 PM
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#11
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All Stars
33,615 posts Joined: May 2008
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QUOTE(boyslikeboys @ Nov 21 2013, 04:37 PM) 625 sqf x 1500 = 937500 You forget to mention this will be 5 year down the road.nett nett after dc = 900k (conservative) 900k * 5% = 45k 45k / 12 = 3750 3750 for 600+ sqf? niche market already Sorry that's the only way i will decide to / not to jump in (cuz I'm poor) But heck those that can afford wont be even calculating... Likely 5 year down the road people can swallow RM3750 rental without choking. |
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Nov 21 2013, 04:59 PM
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#12
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All Stars
33,615 posts Joined: May 2008
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QUOTE(boyslikeboys @ Nov 21 2013, 04:53 PM) Love the way u justify Actually I tend to think that increasingly it's getting harder and harder to get 5% yield on rental. target market different, not for the faint hearted.... everyday clubbing downstairs.. you might be right, empire city rental 1.2k + already for 363 sqf (according to posts in thread) It might not be possible anymore. People have to derive the yield part from rental and part from capital gain, depending on how long you hold the property. After holding for some time, the yield % also gets better. This post has been edited by puchongite: Nov 21 2013, 05:00 PM |
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Nov 21 2013, 05:16 PM
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#13
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All Stars
33,615 posts Joined: May 2008
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QUOTE(KaFai @ Nov 21 2013, 05:14 PM) Sorry, not much information on this project. The price has to be for fully furnished units right? No. Partly furnish only. |
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Nov 21 2013, 05:17 PM
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#14
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All Stars
33,615 posts Joined: May 2008
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QUOTE(tengster @ Nov 21 2013, 05:14 PM) You are going in.... Low floor is running fast... Good. Then I have excuse for not buying and not getting myself to be the slave. Kakaka ... |
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Nov 21 2013, 05:31 PM
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#15
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All Stars
33,615 posts Joined: May 2008
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QUOTE(tengster @ Nov 21 2013, 05:24 PM) You are already a slave.... Yup, different degree of slavery.    |
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Nov 22 2013, 10:16 AM
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#16
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All Stars
33,615 posts Joined: May 2008
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QUOTE(restful increase @ Nov 22 2013, 12:28 AM) Nearest project to it is The Meritz. Average rental for a rm1,400 sq ft unit is Rm6k. Oh!Better go for subsale Meritz then. 1000 sf Meritz about the same price as 625 sf Star Residences ! |
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Nov 22 2013, 02:51 PM
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#17
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All Stars
33,615 posts Joined: May 2008
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Actually if one reads the postings in propwall about hampshire and meritz, they seem to give pretty negative comments about investment around the area.
http://www.propwall.my/klcc/the_meritz http://www.propwall.my/klcc/hampshire_residences Overall investments around the area is having the problem of "got price but no market", both in term of rental and subsale. Have fun with reading the posts quoted. |
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Nov 22 2013, 03:31 PM
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#18
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All Stars
33,615 posts Joined: May 2008
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QUOTE(ecin @ Nov 22 2013, 03:11 PM) I'm not taking side, just pure independent 3rd-party comment on this side topic, propwall is good for general information; if you've ever noticed, many of their reviews are actually not prof, a lot a lot of detail information errors, bias comments, outdated analysis, and clear mistakes due to writer and who put down the analysis are actually not familiar/next to don't know at all with particular location/property. Okay I just bring it up for discussion only.P/S: Indeed, I'm one of their writers, but I only touch on where I know pretty clearly I am happy if people can prove them wrong. |
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Nov 24 2013, 03:20 PM
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#19
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All Stars
33,615 posts Joined: May 2008
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QUOTE(funniman @ Nov 23 2013, 09:36 PM) Car park: RM400/mth Maint fees: RM 0.44 psf QUOTE(tengster @ Nov 24 2013, 02:06 PM) Bro, I think you heard wrong. Afaik, each carpark rental is only RM200/month and RM400/month for two cp. Don't get too PhaekChaek about it... Whatever is the figure, it is not a commitment. As of now, low floor units are moving fast....I supposed some see positively and some see otherwise... The figure is only good if it is written somewhere as a commitment to the purchasers. The figure of 200 plus minus are from the flower sellers. |
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Nov 26 2013, 05:23 PM
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#20
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All Stars
33,615 posts Joined: May 2008
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QUOTE(Dfiris @ Nov 26 2013, 04:37 PM) hopefully this will soon change as the Malaysian govt tweeks the taxation system further. And more people will find it beneficial to declare their "actual income". With that, banks are willing to lend more, and more liquidity will flow in. QUOTE(CMW123 @ Nov 26 2013, 05:17 PM) What catalysts are there for KL to regain expat flow? We attracted a lot of Indo, Bangla and African expat !At bottom waiting for an upswing?? Thought many people say we are now at the edge of a property bubble waiting to burst |
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