Any good reason to invest this?

Location :Sunway South Quay, Bandar Sunway
Type of Property:Residential Condominium
No. of Units :472 units
Indicative built-up area:From 825 sq.ft.
Layout :2 to 4 bedroom,Dual key units available
Bumiputera discount: 7%

how much?

RM 800 psf onwards.

Location quite good and this concept is better and much difference compare to previous condos due to GEO offered smaller size and above the retail shops, flexi suites and much nearer to BRT.

wow Rm800psf onwards

is this available for sale d? or just registration?

Registration.

Schedule to open for public preview next month, a week after they open to their VVIP club members first.

What is VVIP Club Member? Is it mean that when launching there were not many left? Is it commercial title or residential title?

Anyone know what is dual key unit?

I would it should be a good buy, good location even good transportation. However.....

RM850/sqft is a great challange....

Leasehold right?

I like the concept since the first development started about 7-8 year ago.

WOW at that price !!!

How big is the unit

starts from 829sqft

Will they give 10% discount like what they did for Geo flexi suite?

the promotion package is not pen down yet.

Do expect to pay the full 10%.....

They provide 3% discount to all purchasers who hv purchased properties from them before, exclude sub-sales purchase.

Hehehe.... coz im not their regular purchaser.

I (maybe) first time buy their product....

when start selling?

No discount come to icon la!

I will NEVER EVER WANT to buy ICON city~~!!!!!

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

Currently they are giving 9% discount for non-DIBS for the Geo flexi suites Phase 2. They gave only 8% for the Phase 1.

Oic, noted.

If Flexi Suites is given 10% discount and additional 9% discount for those opts for non-DIBS, I am pretty sure Sunway GEO Residences, would be offered the similar package or at least lower % a bit.

I didn't go and find out further because I thought the RM 800-850 psf is without any discount.

The only issue worried me would be the completion by 2017, which looks quite long.

According to the sales people at Geo, price is RM850 psf before discount. Built-up between 830sf to 1500sf.

If not mistaken, it is from 825 sq ft to 1491 sq ft.

I thought it had launched dy recently? No?

Maybe it is 825 sf to 1491 sf. But it is not launched yet. Launching July/August.

Phase 1 launched already?

Phase 1 here referring to flexi suites not condo. Flexi suites phase 1 launched last year.

The new launch coming soon is condo then?

Flexi suites phase 2 launched last week. Condo launch is Jul/Aug.

Sis how much is flexi suites ? phase 1 and phase 2 ? might better consider taking suites instead of residence.

Phase 1 is Rm887 psf. Phase 2 abt Rm920 psf. Prices quoted here are before discount.

So its even higher than residence ? how do we expect residence will be price lower than the flexi suites ?

I'm not too worry whether to get positive rental, I much more worry not able to capture the gem in sunway.

flexi suits is a commercial land, following commercial pricing.

unfortunately i afraid my pocket not deep enough

i told me wife, die die also want to buy~~~~

hope u could grab at least 1

Hope really can get one lo.....
But really i feel that the properties now getting smaller and smaller to "maintain" the pricing...

Bro I just called them up. it seems they are giving contrasting information. Flexi suite starts at RM990 per square feet. Minimum size is 460 sq feet. Maintenance is 50 Cents. No facilities.

Is that correct?

Hmm, I think they are talking about GEO Residences, which is different from the Retails and Flexi Suites, which had been launched under Phase 2 now.

The Flexi Suites, probably act as SOHO without HDA ( Not sure, because normally this kinda of name would be making me confuse until I walk in to their sales office and ask ), In my understanding merely based on the online brochure, Flexi Suites would be office at Level 4-7 on top of Retails which is Level 1-3.

And Level 4 is Level Sky Garden with Central Boulevard, Sky Garden near BRT view and landscape / walk park but e-brochure did not show any facilities within this floor. This open level Sky Garden ( level 4 on top of the retails ) is actually directly facing Persiaran Lagoon / Sunway Hospital and the future BRT.

if i know mistaken,sunway is not the 1st one hv dual key property..
Dual key most point to an unit of house hv 2 entrance..one key direct get inside the house,one is get inside one room that attach together with the house beside...it's separate out....that mean the room can rent out..or can say one house +one unit studio..

This post has been edited by talkmore: Jul 4 2013, 03:46 PM

Flexi suit is commercial title. Is not bounded with HDA.

I think property is a good buy since it's the only residential condo parked so near to a commercial property. As compared to previous launched A'marine & LaCosta, this condo is nearer to main road.
With the brand of Sunway, of course comes with a hefty price tag.

And 2017, by that time Geo Retail & Suites Phase 1 will be completed together with the BRT. I'm looking at a great potential of profit.

Then again, need to deepen the current pocket first.

GEO Residences definitely better in view of the sizes and it's position of on top of the retail shops and flexi suites as well as nearer to both main road and BRT.

I think A'Marine and Nautica quite decent too, lower price per sq feet with immediate rental income instead of awaiting 2017 ( till GEO Residences completion together with other infra ) but bigger size compare to GEO Residences.

Sunway builds 24x7 regardless of the "laws" since Bandar Sunway is theirs. I suspect it will be completed before 2017 so they can stop paying DIBS.

Bro

Nuatica 1392 sq ft sub sale about RM850k to RM900k or RM610 to 647 psf. Still look like occupancy rate quite low...the Korean episode still not cleared yet?

Understand A'marine and Lacosta still have 20+ bumi quota units waiting for approval for release. About RM650-RM670 psf

Sunway Geo Residence gross price RM900-950psf, launching Aug 2013. Not sure about rebate....Smallest size 825 sq ft. Assuming 10% discount at RM855 psf, that's RM705k.

Between RM700k for a 800 sq ft vs RM900k for a 1400 sq ft near to each other...difference of almost RM200 psf...??

BTW, the Geo Residence is not on top of the retail shops/flexi suites. It is 2 blocks on its own. One side face the lake but there will be another future development between that facing n the lake so possibility of being block in future. Total 472 units, 2 to 4 rooms with dual key units

Actually the lake is nothing much to shout about...but the road to Sunway Monash Residence is so quiet, more construction workers walking around then residents/car. Seems like Bayrock still have vacant units...

FYI....I live at Nautica. Occupancy rate about 70%. Seems low also because 40+ units rented to Air Asia for their stewardness.

I think Nautica 1392 sq ft still able to nego n get it ard RM 800-850k. Honestly, if RM 900k might be a bit high side.

A'Marine n La Costa released units n buy from developer should be come with discount. Few months back, my friend's punya friend, bought Nautica released unit directly from dev with 10% discount, net close to RM 600 psf and if not mistaken, fully furnished too. If both A Marine and La Costa release at RM 650-670 psf, I adamant to believe, its still on high side due to VP soon and bigger size.

Ya, thx for correction, it is not directly on top of retail shops and flexi suites, which is even much better for my liking. But I thought it is directly beside it, no? Still got land to buffer both for future developement?

A bit tough of direct comparison btw 800 sq ft vs 1300+ sq ft with it's price tag. 800+ sq ft is the only small sizes available, u/c, DIBS and schedule to complete by 2017 while the 1300+ sq ft for those Nautica, A Marine and La Costa are either completed or soon. The latter trio pricing was the price of immediate prevailed price, a bit transparent to tr current market demand, rental demand ans etc while 800+ sq ft unit is the price of inclusive 4 years interest, smaller by almost half normally fair to generates higher price per sq ft and lower absolute price but liquid in terms of lesser units of such size among the whole SSQ condo series.

If you have a lot of moneh???

hearsay is that a lot of internal staff also looking at the smallest sizes... so if you are not repeat buyer, dont think you can get 8xx sq ft sizes for Geo...

Staff taking means good sign

But 825 sq ft 2 rooms units at RM850psf is RM700k+, hard to swallow...

Even unfurnished and 5% yield at RM700k is RM3000 rental per month.

If dual keys maybe more doable...

if their staffs is comfortably sapu this, meaning their salary is way beyond average.

Nautica units still available from developer even after all this while? They still have anymore available?

Boss, not sure for now. But if few months back, the developer had few units on hand and my friend bought one of it.

Dear all... geo residencies is direct west... will be very very very hot in afternoon.. eventhrough this... still worth to invest? As my experience west sun is killing me...

Based on the model seen at the sales gallery, one side will face west and one side face east. East will face the bungalows and LDP. While west face the current empty land.

Boss, think u referring to Luxury Court, the Korean company who bought from Sunway, since sunway sold enbloc to them last time. So actual fact not directly from developer.

So all small units will face west? Those facing the current empty land will have the lake view. However surely there will be new project at the empty land in future to block the view

Yes master plan has "future developement". Probably another condo.

Boss, I am not really sure whether it is Luxury Court's unit but it was definitely we were told by developer it was released unit which sold to him just few months back and I saw the booking form is directly issued from Sunway Property.

Or maybe, they bought en-bloc and ask the developer to release it for them at higher price?

Boss, maybe also. Is it fully or partly furnish? I think it was luxury court who furnish them last time.

What's the psf price your friend bought?

Boss, its partly furnished, I think can consider almost fully dy.

Close to RM 600 psf after 10% discount. Low floor.

Ic...then same as what I paid for then except for high floor

Is the free shuttle stop closer to nautica or on a'marine side?

Both Nautica and A'marine entrance is next to each other, shuttle bus stop right in front of both

The shuttle pick up point is near the existing sales office? The BRT operational already or if not when?

This post has been edited by CMW123: Jul 21 2013, 06:57 PM

BRT construction just started. Take few years...

Yes, quite near bcz within walking distance.

BRT schedule of completion is 2014 n was told, latest by early 2015. Can see they doing mass construction now.

heard they're extending the monorail from kl through old klang road all the way to the BRT. not sure how that's going to happen or if it's just a rumour.

still got unit meh

Is RM900 sqst for sunway geo residence is a good buy? overprice as compare to other area?

anyone here know what will be the possible price for sungeo residence as compare to current launches in the market?

it's RM900 to 950 psf but the rebate not known yet

The tough part to stomach is nautical n amarine still selling at RM600+ psf although SUNWAY geo has the small unit of 800+ sq ft

Nautical and amarine is hit more than 1mil mark.
While sunway geo still afford at below 800k.
So, people rather go for 800k....

is the lakeside promenade open to public? Where to access?

Eek..I saw sunway geo adverts by the roadside in klang..normally developers won't advertise in klang..
Last time Subang Olives also suddenly advertise is Klang +.+

Nautica still can get at slightly cheaper than A'Marine in terms of price psf.

Manage to take a walk around the lake the other day....I must say it is quite nice, even with waterfalls, yacht, etc. Only thing is there is no one there. To access, turn right at the roundabout in front of BayRock villas. It is closed due to construction but can sneak in if you walk. Got a deck right in front of the villas where you can feed fishes and turtles....nice. Oh, downside is there's lots of Mosquitos.