Received email from PKNS.

Limited 60 units condo in Section 18, Shah Alam. Size from 1238 sqft. 2 parking spot.

Preview on 22-27 April 2013 at PKNS Complex Shah Alam.



Is this news referring to this condo?

how much?>

Wonder what is the price? Leasehold

low density indeed. only 60 units. maintenance fees must be really high even without common facilities like swimming pool..

"Budiman claimed the apartment units were initially priced at between RM70,000 to RM100,000 but after the change of status, they were told the starting price was from RM430,000 each.

We are shocked and disappointed when we received information that the project, which is scheduled to be launched in February next year, will be sold starting from RM430,000 for a unit."

Starting RM430k?


Read more: PKNS under fire again over pricey apartment units - Latest - New Straits Times http://www.nst.com.my/latest/pkns-under-fi...2QpCe4nwe"

I went to Pkns last 2 weeks asking for this project. Info I get from their SA:

- price starting from rm462k b4 disc
- only 60 unit, each unit comes with 2 car park
- Maintainance fee approximate rm0.36 psf..
- got 3 layout, 1238sqft,1263sqft and 1400sqft(this one only 6 unit available)
- 13 storey, 2 storey for parking
- facilities swimming pool, gym, hall
- leasehold, guarded

My personal opinion, this is very expensive. Location wise is OK surrounding by shoplot, giant, mydin, Uitm hostel.
Say if loan amount 430k, 30yrs,blr-2.2, monthly around rm2103. Maintainance fee for smallest unit is rm445 so at least one need to rent it out for rm2548 to cover that

It would be difficult by looking at surrounding which rental for double storey also not more than rm2k and there's a lot of flat around there which rental less than rm1k.

This is just my personal opinion..

damned expensive.

PKNS perceive themselves slightly premier developer, targeting all mid range development.

I wonder who will buy this..
- Own stay? - maybe no. With this price can get terrace Subsale
- investor? - might to think twice about to flip or rental...
- insider? - might as well sapu becoz they got more discount some more and flip upon complete.

Crazy price...rental nearby appt oni 500-700. who wana rent for us to get good ROI? The area aso not high end. Low/middle class oni...Far from busstop, train station.. Swimming pool aso soo small...Not worth it... But there will always some tom d*** harry will buy...if u r gov staff n bumi,bumi 7% dic and extra 5-6% for goverment staff. So total 12-13% dis easily...

Seems like PKNS no more supplying rumah rakyat mampu milik.

Most of PKNS project nowdays JV with local developer. If u come acroos any empty land no matter how small is it, write a letter to them and must promised them the profit margin, high chances it might get approved

super expensive for the specification

Lol i received the email as well.

i stayed at section 18 for 15 years before this. My parents still have house over there, 2 storey, renting it for 1200/month only.

and this apartment, for 430k? u must be kidding me. there is alot of cheap flat around section 18. why someone want to buy this 430k development?

Totally agree.. That's why I wonder who r going to buy this condo. Lets see how the take up rate next week

Totally agree. I stayed there for 13 years too and see no reason why anyone shud buy it.. with maintenance nearly 400 to...

anybody went today?

any update those who going? price? unit left?

and wanna ask, what is freehold and leasehold? Thanks in advance

With 400k, i think i can get Double story within that area.
it is too expensive for a high class condo.
and i think if want to invest for rental. as well use 400k to buy a whole floor of low cost apt nearby and rent out....

anyone know where is the exact location of this place? as I know, not mana vacant land at seksyen 18.