I dont think Nadayu 28 is able to compare to SSQ's condos in terms of quality lifestyle, branding, amenities and etc.

Nadayu 28 is a small box of condo located next to workshops and factories alike shop lots, yes the location to turn to NPE is easily and good, but such prices shouldn't distracted by the entrance facing the possibility of jam during peak hours with those students, modified cars and etc.

Meanwhile, Sunway GEO is a mixed development and part of the SSQ which consists Nautica, A'Marine, La Costa, lakes and more comfortable environment and lifestyle.

BRT is one of the big selling point by Sunway, but also the retails of GEO, roads extension for BRT as well as the Pinnacle office towers, ramp at SSQ towards Kesas and nearer to USJ and further link from Kesas to Persiaran Lagoon to NPE again. It was just an addition to the successful of varsities, hospital, towers, pyramid , new pyramid 2 and hotels within the small township.

Kudos to Sunway Group!~

As I know, not the entire of the 200 acres land was ex-mining land.

I was conservative abt ex-mining land few years back but not really since 1-2 years ago, same goes to leasehold after I attended few foreign countries seminars.

I think Malaysians had started for a change of their conservative mind set of ex-mining land. Previous projects were sold really slow but not all, ex. Desa Park City. Desa Parkcity back then, abt more than 10 years ago was an ex-mining land which most developers refuse to buy due to hard mine may cause the land unstable with housing development. No one comfortable with it and the land took time to sell until PPC tender it after one company rejected the initial verbal agreed deal. PPC proved a lot of ppl wrong with its high price prop but with concept dev of DPC, which is yet to rival by many projects.

Since 1-2 years ago, the good location projects with ex-mining land sold very well as the neighbourhood is getting matured n fully developed. Example, Lakeside Residence Puchong received huge demand and keep on ballot and ballot even the high price n the early phase houses were crap. Also, USJ 1 is another example like USJ One Park, Empire Remix and etc.

Location, concept development, amenities blended with the prices are more important for most Malaysians now.

That's a whopping RM 924 psf, not cheap.

Depends on discount and freebies like furnishes. Also, need to confirm whether it is 4 years DIBS as this is needed to be into consideration too.

Gross RM 924 psf, as quote by member here.

If 5%+5% for normal buyer is net RM 831 psf.

If repeat buyer another 3%, means net RM 806 psf.

Boss, what do your think of it?

If net RM 800 psf, I think it is very do-able given the catalyst to be completed by 2017 and also quite admired the eligibility of Sunway Group to deliver the roads extension, BRT to link Bdr Sunway to USJ's LRT and most of all, small sizes very very limited in Sunway South Quay and all current big sizes seem doing quite well and hitting RM 700 psf, no joke!~

If I buy it for own stay, actually I very much prefer developer don't provide me fully furnishes except air-cons, water heaters, grille, etc ...

I like free air-cons very much, as here easily save few k and useable no matter I buy for rental investment or own stay.

Freebie like kitchen cabinet with hob & hood is very subjective, where if own stay, I will tear it down and install a better quality built in cabinet. Not many developers willing to throw high end quality cabinets, appliances which satisfy every home owners.

Unless, something similar like Eco Sky's showroom then it is still possible. Kinda like the quality of solid surface table top, big table size, top cabinet is ceiling heights but I not convince enough with hob & hood at dry kitchen. which is quite over contemporary with it's sizes.

I noticed the existing sizes of 1300+ sq feet already hitting RM 650-700 psf for the past few months and seems SSQ starting to hit the mark since every where also selling RM 600+ psf regardless developer profile and concept of the pocket development.

So, if net around RM 800 psf with 4 years DIBS, it could be quite do-able in the long leg run where by 2017, the catalyst is very different when the upcoming of Grade A offices, The Pinnacle and Sunway Pyramid further extensions.

The walking distance retails and commie is also part of the contributions coupled with the BRT would have been completed and operated by 2017, and since it manage by Sunway itself, I do believe in their track to manage commercials.

Nadayu's price upon launching was almost RM 700 psf and now touching RM 700+ psf. Nadayu is only a pocket development but hardly able to compare with SSQ, a mini mixed development township. Walking distance to Sunway Uni is good but also can be very bad idea to turn into hostels. But facing along with the car workshops street is very terrible.

Not sure, feel to masuk but need to see the entire packages. The other consideration for me would be loan eligibility of 70% and if I can remember correctly, GEO is East / West orientations and facing Persiaran Lagoon main roads and BRT.

No. I mean my max loan margin eligibility is only 70% due to LTV.

If I can get 85-90%, I probably will buy, lol.

I think they had changed their floor plan.

I tot got 6 types but only 3 sizes at webby now.

10% discount is good deal. But if opt for Non DIBS only 6%. With the number of units, it should be can be completed within 3 years, then take Non DIBS is great option.

No, LTV not hit in this criteria.

Any of the husband or wife name would be eligibe for 90%.

If Joint name now, then it is LTV 70% due to husband + wife already 2 existing home loans.

This post has been edited by Chris Chew: Sep 28 2013, 12:47 PM

Was told 4 years.

Probably due to they inclusive this Residence as part of the construction job together with the Retails and Flexi Suites. Moreover, if I not mistaken, earlier was being informed that GEO Residence have 2 Towers and they only launch Tower A first while Tower B should be next year.

Boss, are you sure, can share which bank can do so?

As per my understanding with few big banks with the BNM guideline, LTV 70% rule is based on number of total housing loans for all the applicants under the same credit application.

Home Loan 1 : Husband's name ( S&P Husband & Wife )
Home Loan 2 ( 2nd property ) : Wife's name ( S&P Husband & Wife )

Although this is their respective 2nd home loan for each of them but it would be the 3rd home loan based on the single Credit Application ( where both applicants already owned a total 2 existing housing loans )

Unless HL1 and HL2 is same property and joint name, then the new loan is eligible for max 90% loan.

Boss, I prefer the 2nd smallest size, 900+ sq feet unit due to 2 bedrooms + study room and if I can remember correctly, it is corner unit or detached unit. Kekekekeke. Unsure if they had changed the master plan.

Face East is facing LDP right? Not sure whether it will make a noise and perhaps I should drop by and visit's A'Marine units facing LDP to test it out or else, got to sort out facing West for beauty.

Sigh, I still prefer North and South orientation.

Hehe, boss, you interested too?

I interested but don't know bank interested to loan me or not. Perhaps should do refinancing to cash out before I find jalan, sigh.

I think more or less, staff's discount sure between 5-10% but given the ordinary discount already 10%, perhaps max 5% was given?

Confuse of?

Wow, RM 0.50 maintenance fee psf. Gotta need to find out the facilities given.

If I look for the 900 sq ft, means also need to pay RM 450 per month!

Thats whopping price.

Is the final layout already released in their sales gallery?

If I remember correctly, last time it was 929 and 942 sq ft where both 2 bedrooms + 1 study room.

Is 947 sf is Type B and 958 sf is Type C or C2?

I prefer the corner unit, I think it was Type B.

Thanks a lot bro!~

+1 ecin boss ...

For me, I dunno why that I much prefer Sunway South Quay ( along with DPC ) much more than MK although it is too small to replicate it into multiple towers of MK.

Bro, IMO, financial portfolio is very important to determine whether this is pure do-able investment.

If any of my friend, wanted to buy this GEO Residence for investment, and looking at stretch 90% loan for zero downpayment and for 35 years and trying to expect that the future rental can 100% cover the full monthly installment + monthly maintenance fee, I would strongly urge him not to buy.

I believe that we may be positive in every products we are buying but also we must determine at risk management and prepare or plan to accept if there is any market drop where the price could be stagnant and rental price could be windfall. If we able to sustain this ( if it is coming ), I am sure it would be a clear winner.

Even though I am only eligible for max 70% loan and 35 years max. I only considering and prepare to accept the future lower rental yield of say RM 2500 per month and able to have such fund to top up btw RM 500-1000 for at least 2-3 years to flip it off for greater capital appreciation.

In my limited funds, when ever I have my prop VP, I always prepare to accept lower rental yield as long as it can be let out faster and easily subject to the tenants quality.

Certainly we can predict Sunway is going to be another level of amtured city by 2017-18 but certainly, we must be well prepare as RM 800-900 psf price product isnt easy.