Booked one level 16 unblocked KLCC view 1,269 sf, after discount 450psf

Oh forgot to mention the first two blocks opened for booking are already more than 50% booked

A few cases already prove new condominiums in an established/mature/lack-of-land landed township can command higher price than the old landed terraces. For instance Damansara Foresta and Ameera/ Five Stone.

I am talking about the compatibility of old terraces and new condo, and the fact that these new condos can command similar lump-sum price. which to me is rather proven and can be applied to DP also which is rather developed.
So like chulk said, the principle applies but of course you cannot compared the price to 40 years old intermediate terraces in SS2 that costs close to a million ringgit.

As a buyer of CloudTree I don't think CloudTree can top the list in the rental market 3 years later. On comparison, yes it may get >RM2,000, but I believe most tenants of short term (1 - 3 years) rental in this part of town will look for a rather commercially developed area.
It is the low entry and potential cap gain that I'm looking at, I believe this will be a very good place to stay, period.

Harlo next door neighbour if you are at B1!

Bro, this is CloudTree, the agent is from Chester.
Actually the other link from mudah.com.my is also CloudTree.

For my Level 16 unblocked city view, RM626,880 for 1,269sf, before discount. I estimate level 16 to be 560 ft above sea level.
Am targetting RM550psf upon VP, I can only tell why RM550psf later, some project confidential issues here at the moment.
But rest assured RM550psf is very conservative, barring any major economy downturn.

Is 21% in 3-4 years crazy? 6.5% CAGR for 3 years that is.

I mean the increase of RM100psf translate to only 6.5% CAGR in 3 years, which is not wild at all.
I am just being a bit conservative here, the price may breach RM600psf but that is anybody's guess.

The Klang Valley, or Malaysia, property market was kind of on a bull run since 2008, which largely caused by the low interest and easy credit regime.
The BNM measures on 70% LTV and RPGT did caused a temporary slowdown in property transactions, but it was just a temporary thing, then activity gone up again. Go study the BNM loan statistics.
So, will we continue the bull-run for another 3 years that make 100% gain in 3 years? I'm a bit reluctant to see that because it might not be healthy, unless a fresh grad salary jumped up to RM5,000 after 3 years, but that is not likely.

I am not saying we are entering a slump. Since 90s the only time when property prices went down in general was after the 1997 AFC, and if you study house price index vs Bursa KLCI index, you see that there is a really close correlation but house price reacts a year later to any major adjustment in Bursa KLCI index. And the talk about bubble is bull-shit to me, anything that is below RM700k to me is still very much safe going forward as our composition of middle-income household is ballooning.

I believe Malaysia economy will fare well going forward, we have so many money coming in from the west, although we lagged behind some major cities in the region but the overall interest for Malaysia is very evident. So if there is no major economy glut happens globally, I believe the property market will at least be stable and continue a rather reasonable growth, that makes my 6.5% CAGR for CloudTree to be not wild.

And that is my only reason of buying into this low-entry-cost CloudTree, which at least still prevail now.

Yes, guess that you are only left with the top 5 floors to choose for city view.

There you go bro.

Edited: removing the proposed road

This post has been edited by kbandito: May 30 2013, 07:24 PM


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I am not, just a buyer myself.
Price for my block, city view, starts from RM443psf for lowest 8th floor, to RM480psf for the top 29th floor, after discount.
South view is cheaper, but I can't recall the prices, maybe RM10 to RM20psf cheaper.

Search Zalam from the OSC Portal, then match the lot number from MPKj's GIS Online

I went through the proposed access.

How can the access land owned by private owner?


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Unless peri gor knows something that we don't know, else from MPKj Local Plan it is demarcated as public road.

Have you been there bro?
The abandoned terraces actually built up to roof already, it is a complete structure. Look just like any normal terrace house.
I am not sure why it got abandoned when things are near completion. Agent said someone bought the terraces over, ain't sure it is true thou.

My understanding was the handover of land for road access usually applies for large development. For instance in DPC, PPC handed over the the ring road to DBKL, but they take the initiatives to do the maintenance. Small plots of land in many cases has access into the development, developers only spend money to touch up.

From CloudTree's site plan that is indeed the main access, and from standard sheet this main access is road reserve, hence public road.
Well guess we will need @chulk to clarify, but agent did say Zalam will fork out money from own pocket to build that road, which is normal in many developments.

I have edited my post earlier on the proposed access, noticed i may be wrong as the proposed access could be from the SMK. That would mean share access with Mahajaya's superlink, semi-dee and bungalow.
Got birdie from Mahajaya confirming no high-rise in plan for them in Damai Perdana, so my concern about blocked view by other buildings is cleared.

This is the main access.


This post has been edited by kbandito: May 31 2013, 10:43 AM

wow 150k dp