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

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zonefinder
post Nov 2 2013, 05:29 PM

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QUOTE(tikaram @ Nov 2 2013, 01:40 PM)
In singapore usually cbd and ulu is 30%

Like that kajang here should be 30% la using the formular.

meaning kajang will be aroung 950psf.

u sure kajang people income can buy 950psf type?
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Spore CBD vs ulu like woodlands only 30% or do you consider Upper Bukit Timah as ulu? I think we cannot apply normal pricing barometer for Tier 1 KLCC properties as these are not for the Ah Bengs and Ah Lians. True there may be some props like Mayang Court which is in the heart which are below 1k psf due to age but then we cannot use this to assess Star Residences. For that matter, do you think 4 Seasons should be priced at 1200 psf? whistling.gif
zonefinder
post Nov 21 2013, 07:01 PM

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QUOTE(puchongite @ Nov 21 2013, 05:31 PM)
Yup, different degree of slavery.  rolleyes.gif
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Aisay, why go into a major investment feeling so negative?? If not confident or think its too risky, then just don't go in. If positive and if successful in getting unit you want, then go celebrate! Feel good because you own an asset which is going to be worth a lot more in years to come. rclxm9.gif
zonefinder
post Nov 22 2013, 07:07 PM

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QUOTE(tengster @ Nov 22 2013, 07:05 PM)
And no DIBS.... May come with slight discount to compensate dibs...
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Any idea whether internal folks taken many units?
zonefinder
post Nov 22 2013, 07:23 PM

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QUOTE(tengster @ Nov 22 2013, 07:15 PM)
Sure bro. This is JV between Bolton and UM land. Both companies got fair chance to wallop choices units...

But there are still good unit available for sure....if one is up to that price tag.
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Thanks bro. You intend to whack a few biji? Food is too spicy for me. Might get indigestion drool.gif
zonefinder
post Nov 22 2013, 10:14 PM

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This post has been edited by zonefinder: Nov 22 2013, 11:38 PM
zonefinder
post Nov 22 2013, 10:27 PM

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QUOTE(restful increase @ Nov 22 2013, 10:21 PM)
I think Idaman Residence subsale is a better bet than Star Residence. Idaman was completed in 2008 n still in good condition n will command a better rental yield than Star n Idaman on psf basis is also cheaper.
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I dare say that K Res and Hampshire even better buys with their locations. K Res is practically surrounded by 4 Seasons, Le Nouvel and Star Res and especially now that KL Landmark has refurbished Avenue K.
zonefinder
post Nov 23 2013, 06:14 PM

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QUOTE(funniman @ Nov 23 2013, 05:02 PM)
Was there this morning. Most units facing KLCC gone. Sales is fast and furious. Mostly 625 sq ft single bedder. There's 40th plus floor ones going @ RM1800 psf.When I was there, only 6 units KLCC view left.  Have to be careful as only 2 units per floor faces KLCC between RT2 and RT3. Not for me, price too expensive and too high density.
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Looks like its still bbb despite all the doomsayers. Geng!
zonefinder
post Nov 24 2013, 04:45 PM

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QUOTE(xyyap @ Nov 24 2013, 11:27 AM)
K Residence has small unit? About RM 1.3+ M?

iProperty medium unit asking RM 2+ M
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Their smallest units are 1450+ sf. Probably around 1300psf depending on flr levels. Could b worth looking at as previously k res was unloved despites its superb location coz of the Mall. Heard it has been given a 65m upgrade and high end tenants going in. Anyone went there lately?
zonefinder
post Nov 25 2013, 10:18 AM

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QUOTE(xyyap @ Nov 24 2013, 11:39 PM)
K Residence is super sexy!

But 1450 sqft, RM 1300 psf, RM 2+ M cannot telan.
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Ya lor. When you see folks snapping up the small match box units at 1500+ without much of a thought, one cannot help thinking that these big size apartments have the value ( as what Patrick kor is saying) but no ready market. The catalyst is for expats to flow in once KL regains its attraction to foreign investments. At this point, we are at trough/bottom waiting for an upswing. drool.gif
zonefinder
post Nov 26 2013, 07:27 PM

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QUOTE(CMW123 @ Nov 26 2013, 05:17 PM)
What catalysts are there for KL to regain expat flow?

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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I'm referring to the klcc secondary market. Catalysts will be HSR, Islamic Financial centre at TRX, MRT rollout. Frankly we are now at a low point in terms of expats, FDR and brain drain no thanks to govt policies.
zonefinder
post Nov 26 2013, 09:36 PM

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QUOTE(tengster @ Nov 26 2013, 07:53 PM)
It may go lower.... Considering the situation...
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Possibly but considering the prices of new launches ie 1500 psf and higher, which is 20% or more vs secondary mkt prices, the latter will be buttress somewhat. Note that prices of outlying areas ( outside of KLCC) are at or almost KLCC secondary mkt levels.
zonefinder
post Nov 26 2013, 09:44 PM

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QUOTE(accetera @ Nov 26 2013, 08:56 PM)
Actually our expats have increased.... is just that, this time they are mainly from Middle East, North Africa and South Asia. And btw, many shops in KL today are owned by Bangladesh business man. And China nationals top the MM2H list.

In the oil/gas industry, many MNCs are hiring staffs from across Middle East. My former boss was from Syria and his whole family migrated to KL recently. He feel welcomed in Malaysia except some occasions where he felt some discrimination from property landlords.

I believe that KL will become a secondary hub for expats from Middle East and India/Pakistan in years to come as our government is very aggressive in offering incentives to oil/gas companies.
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True, the quality ( don't mean to downgrade anyone) of expats is lower. The allowances given are oso no longer as generous as before ie localized etc.
I like to look at the positive side ie instead of our country be forever caught by the Middle income trap, I'm confident we will think of a way out not so much because Govt all of a sudden become smarter but because the alternative is too disastrous a situation to contemplate. Assuming this happens, the leap will be a quantum one to another level. icon_rolleyes.gif
zonefinder
post Nov 26 2013, 10:46 PM

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QUOTE(CMW123 @ Nov 26 2013, 09:51 PM)
Mind to share what is the way out? Singapore has a long term strategic plan on this with coordinated action plan from all government authorities
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Certainly will need to move away from our current agro commodity dependence towards value added , high tech and knowledge based economy. For that we need policies that can develop, nurture, retain as well as attract highly skilled talents. Not rocket science but sadly not something which our current ruling regime capable of doing.
This is a topic which we need to sit down and talk over a cup of coffee whistling.gif
zonefinder
post Nov 27 2013, 11:43 AM

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QUOTE(xyyap @ Nov 27 2013, 08:48 AM)
Malaysia policy is "biar lambat asalkan selamat".

Or "biar lambat asalkan pocket muat"?

We are still long way to go...
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Ya lor, current regime's focus is ensuring its golden rice bowl is not broken. The common folks and the country are all fair game. As long as they remain in power, it will be a long wait for them to change, if they do. Look at recent Johore announcement on weekend change, these guys do not care about the others or the economy as long as their main agenda is met. doh.gif On otherhand, its really a low hanging fruit as most of us know where the main problem is. whistling.gif
zonefinder
post Nov 27 2013, 02:43 PM

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QUOTE(tengster @ Nov 27 2013, 01:29 PM)
Seriously, anyone became a Star lately....

I am one of the ardent fans. I followed till the last episod and ended up with two pairs of bananas only. I didnt proceed. At times, I wish I could be given a chance to cherry pick first.....
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Thought only 60% sold? Should have good units still available, no?
zonefinder
post Dec 2 2013, 10:05 AM

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QUOTE(MrHunter @ Dec 2 2013, 12:51 AM)
How about the density? 1500+ units vp in the same year? Rental mkt ll be damn crazy with this supply.

With 1000 units more to sell next two blocks, if the sales stuck next yr which likely to be tough yr, the abandon risk ll rise dramatically given also its big exposure in iskandar.

Wat say u on the above?
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Abandoning the project will be remote. Most is they can delay the launching. Can't go wrong with the location as this is the centre of the Universe as far as Msia goes. Key is the transportation infrastructure. LRT and MRT is way to go in city living. rclxms.gif Congrats to folks who have bought in.
zonefinder
post Dec 2 2013, 11:07 AM

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QUOTE(tat3179 @ Dec 2 2013, 10:06 AM)
But don't play play with the psf price ooo, 1500 plus square feet...and also versus the volume... biggrin.gif

I applaud your guts.... rclxms.gif
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Thank you thank you notworthy.gif notworthy.gif
zonefinder
post Dec 2 2013, 06:52 PM

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QUOTE(moonstone13 @ Dec 2 2013, 05:55 PM)
Well, I guess I personally (key word personally) do not feel it's that high a risk, and the concept sounds right. smile.gif

To be fair, initially, I thought wouldn't the money better be parked elsewhere? But a sifu told me, this is a lifestyle concept development. People do not stay in KLCC because it's most economically sound. People who drink Starbucks do not really appreciate coffee, it's for the zing, and the target market for KLCC properties are aimed at different target groups. (Sort of like why I don't understand why people pay top dollar for a Rolex, when it's really meant to tell time, and it'll increase risk of getting hands' getting chopped..)

At the end of the day, there will be hindsight heroes in life. "You should've, or could've done this or that...". As long as the action was measured and taken consciously, and potential consequences taken into consideration, then it's better than sitting on the fence. I took the road less travelled, and that has made all the difference (whether good or bad). blush.gif
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You sound like you have your financials pretty much sorted out. My friends and I who have invested in the KLCC area have had no regrets. There will be some waiting period for tenants but once obtained, it has been pretty much plain sailing. Quality of expat tenants oso higher tier. Your unit being small will be quite easily rented out. Go celebrate! thumbup.gif
zonefinder
post Dec 2 2013, 07:20 PM

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QUOTE(moonstone13 @ Dec 2 2013, 07:07 PM)
Taiko, don't dare to count the chickens till they hatch (assuming they do hatch).

Quality of expat tenants depends on both global market and Malaysia's market outlook. Some expat colleagues have mentioned that the allowances they receive become increasingly competitive (may be a positive for studio unit sizes aimed at single or young couple expats).

Any thoughts on how the hike in electricity tariffs, GST would positively contribute to increase to property prices? There is talk of inflation 2014/2015 (and stabilizes thereafter in 2016). For conservative investors, keep you cash safe and when for the hammer to fall. Once it does, "Cash is King" and grab the low-lying fruits. Patience is a virtue for the fore-sighted.
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Oh, I don't mean celebrate on the coming rentals but on your purchase. Prices is a function of supply and demand. Cost increases will have an impact as these will be inflationary. I agree that Cash is King but mind you, having too much of it in an inflationary environment can also be a killer ie it gets smaller very fast. The key is to have enough to take advantage of opportunities when it arise. brows.gif
zonefinder
post Dec 2 2013, 10:30 PM

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QUOTE(tikaram @ Dec 2 2013, 07:10 PM)
Every where got politician saying tak happy can go back tong san....

only bangla...indon....african arab...are welcome here.

u sure or not?
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Maybe Arabs in KLCC but yet to see others though I know a few banglas who can wipe the table off a few of us here.. I have units which are rented to Canadians and Americans who have been with me for a few years already and are extending, so don't keep frightening the folks here lah whistling.gif

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