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 Potential Of Puchong Prima, What do you think??

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Query1981
post Sep 13 2014, 08:06 PM

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To all sifu,

I'm an interested for the property at Desa Idaman, the price is 410k and above. I find it quite high. What is all sifu sifu opinion in regard to the property there? is it the good spot for stay and investing? I seen the location is right in the centre of all the new development. Based on my own study, all new development is lease hold, but desa idaman is freehold. This seem to be an advantage toward the future prospect. Of course plus the strategic location to the LRT, THE WHARF, M-SQUARE ( HILTON ), Lakeside Auroro, and a new third mall build by the Mitrajaya development just right opposite jalan prima utama. It seem quite definite prima area will be the center of Puchong in the near future. Congestion I think it will be hard to avoid even if there is LRT and a new interchange but a least it will ease some traffic. What i mean is most popular area can't avoid jam anyway. If there is no jam popular area? if yes, I wonder how this area will be consider popular? Hahahahaha..!! Jam is the sign to show ppl are coming in the place to spend. Well, in short with so many malls n surrounding the areas I foreseen the property will boom like nobody business. of course if all the development is going well. house might start to touch million when everything is ready.

Please give me your input, all your feedback will be appreciated. ( Would like to hear more comment )

Query1981
post Sep 16 2014, 04:20 PM

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QUOTE(spencerlooi @ Sep 15 2014, 11:28 PM)
Hi Query,
    The place will only boomed after all project completion, and by that time, buyer has more option to choose.
New project definitely has a better advantage.
You need to compete with the rest of the new development if u buy now on the subsale, unless your targeted unit are well below market price then can give it a try.

If you cash rich and dun mind paying 10% upfront for sub sales, you may go ahead, if the unit is below market price is even better.

If you are tight on cash, why not go for new development where u can get better rebate from developer, ex Aurora condo has 8% rebate with 20K/30K cash back however u need to wait for expected completion in jun 17.
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Current selling 410k. bank value 430k and market value I think 450k more or less. I understand the new development is always an advantage in term of value compare to desa idaman which is coming to 5 years. But I have a little concern as all the new development is leasehold. Therefore i was thinking desa idaman is a freehold strata. In long run, with the freehold title is always much valuable then leasehold. Just personal opinion. I did check the management of the desa idaman, there really maintain it really well as it doesn't look like 5 years old already. There's where I stuck in between the new property or the sub sales one. More feedback please~

Query1981
post Sep 18 2014, 02:36 PM

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QUOTE(cheddar @ Sep 16 2014, 10:18 PM)
ermm really like this forum bcause i have a unit in desa idaman. i think i want to sell that unit bcause ive buy another unit near my workplace. if i want to sell how much? if iwant to give a rent how much?
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Hi Cheddar, u got a unit? was it direct facing the lake view? mind to let me know which block n level? I'm looking to purchase a unit there. Many thanks
Query1981
post Oct 12 2014, 11:35 AM

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QUOTE(woolei @ Sep 22 2014, 01:47 AM)
I did research in this property before but in the end i choose to get away, because:

1) for a walk up apartment  ,400k is really expensive
400k but the oncoming development is much more expensive plus mostly leasehold

2) wont be good for rental, as it is walk up apartment, people rather choose for condo
[COLOR=red]So far as for Desa Impiana & Desa Idaman rental may fetch to 1.5k-1.7k. I think among the nest rental value in puchong prima


3) the maintenance fees will getting more n more exp, due to the little sunway lagoon.
I get to know maintenance fee for desa idaman is RM205, if not mistaken desa impiana are about the same.

4) near by the school, very noisy and jam
For this there is a pro and con. School could be a value added to the property as couple who newly wed or family will willing to fork out more for the convenient to them. As for traffic jam, I would say, which place is not jam nowadays.. even ulu place also start to jam. Coz every year car is getting more on road. Unavoidable issue.

5) near by desa impiana n new development, too many competitor
For my point of view, I shall not see it as a competitor but rather and opportunity. As because of so many new development of residential and malls. This buyer is will definitely not from Puchong Prima. That mean, a new tenant from different area will start to moved in. Cum the development of the malls and train. Puchong prima I believe will be the centre of Puchong. As the commercial building and shopping mall all located in here. Price will definitely go up but in 3-4 years times, the price will shoot up even faster. old tenant will start to sell of the property and moved out and new tenant will moved in. That the cycle of development. Just like bangsar, sentul and etc as example.

6) you can only aim for family type tenant with kid, because the selling point of this property is little sunway lagoon. While 80% of the potential tenant is student n fresh worker, this is not attractive enough.
This is exactly why I look at it as potential. Family, Student and fresh worker. This is where the potential ppl who u which to rent out or stay around. That make the property good price. As the tenant is not some complicated tenant which many case the property price not moving up.


I'm feeling good for the Puchong Prima future development. Either buy now or never.


You have a better choice in puchong prima.
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Query1981
post Oct 24 2014, 06:03 PM

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I just brought a unit in Desa Idaman. Love it there. That place is more peace compare the Desa Impiana. Best is a view to the beautiful lake and quite windy. Hope to move in soon.

This post has been edited by Query1981: Oct 24 2014, 06:03 PM
Query1981
post Oct 25 2014, 05:04 PM

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QUOTE(Jagalat @ Oct 24 2014, 09:27 PM)
Congraz on your purchase.
Welcome to Puchong Prima.
I interpret that you believe Puchong Prima has potential.
Mind to share what price you buy?
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THANKS, I BROUGHT IT AT 4OOK


 

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