Visited the site club house
1. Nice facade, condovilla concept not bad and do bring higher profile for the condo, workmanship of clubhouse and villa show unit looks ok. Showroom decent. Very windy probably due to higher ground.
2. Price consider quite attractive and package investor friendly
3. Con of tandem carpark for 1300 sf unit and if investment opt for lower price but with afternoon sun or sunset view (whichever you prefer to call it)
4. Surrounding very very quiet, where are the students? The 2 row of shops, is it Domain, nearby no vibrancy at all (due to puasa month?)
5. D'Pulze does not look to be at very advanced stage of completion with vp next year and this is supposed to be the first biggie scale commercial in Cyber. There will be Citadines hotel there too. Why they so slow even after fully sold out?
6. Serin was launch at RM330psf, as per what SA told me and look set to VP before D'Pulze. So if subsale price match the launching price of Cristal, the appreciation is about 30%. Was Serin sold as targeted for students? If yes, there should be some migration of students who can afford the rental from the older D'Melor/Cyberia. What is your view on your neighbour condo being student town?
7. 1500 sf units sales looks pretty slow moving implying low own stayers but saw a cluster of 1500 sf units on top 3 floors so those sure own stayers
For own stay, good if able to accept the travelling if working in KL, MEX toll one way is RM2.50*2 Commercial depend on success of D'Pulze and Pangea and more residence coming in
For rental, can target families but will not be attractive given the supply in Cyber. To rent to student seems "sayang"
For price appreciation, 20% to possibly 30% after 3 years should be achievable but may take long time to find the buyer given the huge supply coming
The biggest concern IMHO is the future competition to rent out and to sell if meant to flip, going to be very tough competition. Chinese saying : got price but no market. Limited tenants and buyers with so many choices to choose from.
Cyber is a town with great planning, first class infrastructure but when you drive around its so quiet, just lacking the human traffic vibrancy. So the future is again depend on the one million dollar question, will demand catch up with the supply. The supply is certain with all those under con projects. The demand is also coming but how fast and how strong as given the current high property prices and high cost of living in Cyber?
Again, for own stayer, good choice...
I thought this article was posted by fishermanship last night. One sleep wake up the poster also changed already. So interesting.