This is suicidal. Car park are also real estates and can fetch rental too. At RM40k, to get a 5% ROI, would need to rent it at RM170/month.
Or if you calculate the psf rate, its RM330psf. (A condo's carpark size is roughly 120 sqft).
That's just for a empty bare piece of property with cement finishing.

For comparison, I bought a condo in Puchong, in 2011, at around RM400k, additional car park only RM15k.
Car park for new project nowadays go for RM18k-RM30k, depending on location. RM30k would be those at very good locations, certainly not Selayang.

New condo projects in Cheras, additional car park is around RM20k-RM25k.

+1

by pointing this out, you saved a numbers of newbies.

This is suicidal. Car park are also real estates and can fetch rental too. At RM40k, to get a 5% ROI, would need to rent it at RM170/month.
Or if you calculate the psf rate, its RM330psf. (A condo's carpark size is roughly 120 sqft).
That's just for a empty bare piece of property with cement finishing.

For comparison, I bought a condo in Puchong, in 2011, at around RM400k, additional car park only RM15k.
Car park for new project nowadays go for RM18k-RM30k, depending on location. RM30k would be those at very good locations, certainly not Selayang.

New condo projects in Cheras, additional car park is around RM20k-RM25k.

You bright my way.
But there is limited parking for this development. 280 units and less thn 400 parking. I'm just worried it will very troublesome if got two cars (own stay or rent out).

But then Nick, you already signed your SPA. Can't do much already...hang on and sit tight.

i went to their show unit, 7% discount before 14/4/13, and 5% discount if after that.

1st of all leasedhold, its next to petronas. if u found their show room, u found the location.

pool view facing main road and hospital (prepare for noise), and the fly over should be damn near the building. but its facing FIRM, green which i like the most

btm is 2 storey shop lot which they will manage by themself according to their staff. and will rent to F&B (mostly), they dun want 'cyber cafe' or other biz. and behind the location theres my fav station 1, can u imagine saturday nite u walk down and listen to live music ?

3rd ~5th floor is car park with around 400+ car park. 6th floor is swiming pool and other facilities, 7th~9th floor is 877 sqft unit whhich is the cheapest. around 360k with that 7% discount.

come with 1 car park only, when i asked if  i can purchase another car park they told me they dunno. with 280 units and only 400+ car park, this soho or condo most valuable item will be the car park space. (another block of condo right behind it) which is the reason why i did not buy.

according to their estimation rental income will be around 1.8k when its completed in 2016. FYI, no DIBS as i was told. not really good for rental since its only 2 rooms, my point of view only imagine a Rm900 per room.
as for the house, they come with free S&P, 1 parking, and 1 set of kitchen cabinet. 877 sqft with 2 rooms, which means the rooms are consider quite big.

according to their letter i received by mail (becoz my wife's father is a shareholder), it stated low density... however, with 3 lift and 280 units in total... and around 10 units per floor, ireally dun consider it as low density.

a good buy if u like this location, but for me, car park is everything for me. 1 car park = gg for me, i need min 2 and i guess nowadays 1 family min 2 cars rite?
so overall, small land, less car park, but location not bad. quality no idea own stay yes, investment not for me becoz only 2 rooms and limited parking space

i stay at selayang, selayang point car park also sell at RM15k last time
but really abit over price for this project

As long as you buy for own stay and the price that you think is affordable and convenient to you then it should be okay. All others comment is just for your reference. Everyone is using Selayang Point to compare Res280. We have to know that Res280 built for concept of low density which only has 280 units with 3 service lifts provided. Of course carpark is limited. Selayang point condo has 375 units which has 95 units more. For example, if 3 persons stay in a unit and you have about 95 units * 3ppl = 285 ppls extra in a condo. If half of those ppls are working ppls (285 divide by 2 = 142 ppls) meaning that you have extra 142 ppls using the lift in the morning.

Besides that, those facilities in Res280 is quite a lot and there are two zones. I don't know how true it is and how it's look like when built up but at least these are what we have in the condo.

The Wellness Zone
Infinity pool / Kid’s pool / Jacuzzi /
Sunbathing deck / Yoga deck /
Gym room / Multi-purpose deck /
Male and female sauna /
Male and female changing room

The Leisure Zone
Barbeque pavilion / Family outdoor dining pavilion /
Relaxation pavilion / Children’s playground / Reading room /
Game room / Private meeting room / Multi-purpose hall /
Pre-function area / Gardens

I'm not the agent and I'm not promoting anything but I'm one of the buyer for this Res280 project.
Just to share to you all. I purposely went to the area in evening and found a lot of hawker stalls surrounding and most of them are just within walking distance. Pasar malam, banks, saloon and mini market all are there. Actually, I found that this place is quite convenient to me and I no need to drive out and find food especially in the weekend.

Can you compare land area for Selanayng Point and RES280?

Don't know.

Don't know.

Hi...any buyer over here has any idea on the current progress of Res280?? It has been 1 year ++ but still at piling stage..

Hi...any buyer over here has any idea on the current progress of Res280?? It has been 1 year ++ but still at piling stage..

280 construction is very difficult.
1. site constraint =  better project planning or a super experience project manager is needed coz no extra space for stockpiles construction materials. Need man-make platform for construction.
2. close to existing bridge = Gov will always come kacau to prevent disturb the  foundation of existing bridge, hence double or triple works on protecting is needed.  Only hydraulic piles jacking is allowed, this method is expensive and slow compare to others method.

so 1 years is nothing for piling is nothing.