Why??

Compare iCon city with Geo residence, Geo residence would be a better buy for investment purpose. iCon price is RM830 psf after 5% discount. Geo is RM850 psf before discount. Assuming they give 5%, that would be RM807.50 psf. I think they will give higher than 5%. Likely same as Geo flexi suites at 10%.

Geo has public transportation within walking distance. Shopping mall & university within 15 mins walk in the comfort of elevated canopy walkway. Would be easy to rent out if buying for investment purpose. Surrounding environment also better than iCon which is surrounded by old run down houses.

At that price need to dump in at least 30-40% d/p for positive rental income lol

Assuming developer gives 10% discount, the price of a 829 sf would be RM634K after 10% discount. If borrow 90% for 30 yrs at interest rate of 4.2%, monthly repayment is RM2790.

This property will be ready only in year 2017. Should be able to get rental of RM2500 to RM3000 by that time.

Students can pay that kind of money ? they gotta be damn rich

Studio units and 2-bedrooms condo at Subang Jaya are already renting out at RM2000 to RM3000. Not sure whether tenants are students or working people. If students, probably they are international students who have lots of money to spend.

WOW really ? need to search harder now do u mind to tell me which condo has got a good rental. thanks

Two bedroom condo of size 750sf to 850 sf at Saujana Residency Subang is renting at RM2400 to RM3500.

thanks are u agent info so fast one

No. I am not agent. You can get such info easily from property website such as iproperty and propwall.

thought u are agent, so are u trying to get one at geo ?

Yes but have to depend on how much discount they are giving. For Geo flexi suites, they also give another 9% discount if purchasers don't take DIBS. For repeat purchasers, they give another 3%. So if they are giving 10% discount for all buyers, then I will probably be keen coz I will not be taking DIBS and I am also their repeat purchasers. So total discounts I can get will be 10 + 9 + 3 = 22%.

sounds like a god deal then, is this under commercial ?

It is under residential.

Alright bro thanks for the info will keep an eye for this, thanks

You're welcome but I am not a bro. I am a sister.....sorry for misleading due to the name I have given myself.

OOoooo sorry ya lol

If Sunway Group is giving 10% discount and offer DIBS for GEO Residences, I guess it would be very potential.

Nautica Suites 3 bedrooms unit able to fetch rental to expat students at around RM 2,800 - 3,000 f/f now, I reckon, GEO Residences at much better location and offer much better concept and infra, I guess RM 2,500 rental rate is current based, and might be little bit higher by 2017-18 since Sunway South Quay is the only player here with controlled density, and only A'Marine ( comepledt this year ) and La Costa is the added units to the area by 2017.

Am very impressed with the design and quality of Nautica Suites and much impressed by the outlook of newly completed pending CCC, A'Marine.

The catalyst of retails at GEO, next to BRT, walking distance to Hospital, Sunway & Monash Uni, walk - BRT to Pyramid, as well as road extension of NPE directly to Kesas and linked Kesas with Sunway South Quay at the back, it is worthy to make a shot for Sunway to sell a little bit higher to creates such infra.

I would be very surprise if Sunway give additional 9% discount if opts for Non-DIBS. Furthermore, this is already on top of the origin 10% discount.

For 4 years project, estimated progressive interest is only about 5-7%, depending on low / high floor and how fast is the schedule of disbursement / claim.

Thanks chris kor