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Investment Sunway Geo Residences,South Quay Bandar Sunway, Any Opinion?

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Babizz
post Jun 26 2014, 09:15 PM

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Entry price 900 so high. Who to rent/flip to?
Babizz
post Jun 27 2014, 03:24 PM

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Chris, why skip highrise, fear highrise oversupply ah?
Babizz
post Jul 7 2014, 04:20 PM

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QUOTE(Chris Chew @ Jul 4 2014, 02:41 AM)
Ya, a bit. But I am more worried I am over geared.

Anyhow, Sunway GEO, I think should be okay, because not rivals for this project and it's location.
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Yeah, but I heard that BNM gonna increase the interest rate anytime soon d. I guess investing in condo's above 800 in semi-prime location's like Sunway may not be a good deal.
Babizz
post Jul 8 2014, 07:53 AM

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QUOTE(usjhk @ Jul 7 2014, 03:16 AM)
Then you better invest in SSQ now because the whole Sunway township is in the midst of transformation from semi-prime to super-prime in few years down the road after all the construction of the infrastructure of road, BRT & LRT completed.
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We shall see about that.
Babizz
post Jul 8 2014, 09:25 AM

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QUOTE(bigman @ Jul 7 2014, 07:22 PM)
is depand on individual affordability....

some 300k loan monthly instalment also like killing...some 2mil loan every month instalment sap sap sui...
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yeah but I wouldn't wanna use up my bullets on GEO, SSQ
Babizz
post Jul 16 2014, 09:41 AM

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QUOTE(usjhk @ Jul 9 2014, 03:44 AM)
There is a proposed monorail station direct connect to 9Seputeh project MRCB in their advertisement as a major selling point. That's mean the monorail extension from KL Sentral will be implemented just a matter of time. Heard that the final destination will be at Bandar Sunway. Might be connect to BRT, it will made Sunway more convenient in term of transportation connectivity by then.
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I think Sunway Pyramid Phase 3 & 4(with more luxury brands) will attract tenants to GEO. anyone knows what's the take-up rate of The Pinnacle office tower?
Babizz
post Jul 18 2014, 10:11 AM

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QUOTE(osakacake @ Jul 17 2014, 08:04 PM)
received a sms from Sunway last night. Geo Residence 2 balloting is on 20/7 at 9am.
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this one also mus ballot ke???
Babizz
post Jul 18 2014, 11:10 AM

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QUOTE(JChoo @ Jul 17 2014, 09:04 PM)
I will be surprise if its sold out with current sentiments....
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yes but sunway Uni got new block completing soon (so maybe got more tenant pool available)
*oh ya d density on campus is worse than OUG parklane
Babizz
post Jul 18 2014, 03:11 PM

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i think GEO 2 is abt 900 ish right after discount?

Babizz
post Jul 18 2014, 03:19 PM

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QUOTE(bigman @ Jul 18 2014, 01:14 AM)
SA told me is about 1000psf...before 10% discount & 3% for PALS...

worth or not worth ....difficult to say...but with all amenities just at your door step...for me is worth...

for investment...can rent to students and office workers
for own stay is consider good....

When the Geo retails, offices and BRT in full command....with reputation of Sunway....the price wont drop....

the only draw back is leasehold...
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good analysis.. I think this is a better bet than their Velocity..how's the facilities?
whats d occupancy rate of surrounding condo's?
Babizz
post Jul 18 2014, 03:45 PM

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QUOTE(bigman @ Jul 18 2014, 01:42 AM)
velocity is near city center...freehold...link to 2 MRT stations....so..the price is higher than Geo...
even though velocity located at KL, but the actual location is at Peel Road/Maluri...the surrounding neighbourhoods consist a lot of middle lower class... afraid will pull down value of velocity...until now ...no proven records and data to confirm the project will success...for example (project nearby)...F&N Bussiness Park, Viva City, Mah Sing South Gate can be considered as failure... but...investment sometime like gamble....high risk high return....we dunno ...mayb velocity will bcome next midvalley....

for Geo, you can see everything oledi there..shopping mall, hotel, university, college, theme park...located super "ong' place PJ, Subang.... so you will feel secure when u put ur hard earn money into it...

the occupancy rate for newly completed and VP condo like Nautica & A'marine not so encourage...mayb after 2 or 3 years...the situation will get better...

Geo is much convenient cos is integrated project...almost all amenities u can reach just within walking distance...
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yes true enough.. when GEO 1 will VP? what is ur unit facing?
Babizz
post Jul 18 2014, 04:26 PM

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QUOTE(bigman @ Jul 18 2014, 02:13 AM)
yup...but hope can get paper gain like Tropicana Gardens Phase 1...

TG Phase 1 compared Phase 2 is almost 50% ler... drool.gif
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this project is way btr than TG.. TG phase 1 price still ok..other phase's must be prepared to lose money tongue.gif at least GEO got students/established mall/offices around n not harping on some train to attract expats to the area
Babizz
post Jul 18 2014, 04:28 PM

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QUOTE(bigman @ Jul 18 2014, 02:00 AM)
Geo residence will be 2017...retails should be 2016.... BRT start operating at 2015...

Mine facing lake.. smile.gif
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not bad... as my uncle is a sunway staff, he mentioned that SSQ wasn't doing well intially cos u mus go down when u enter the project, so Feng Shui not good
Babizz
post Jul 18 2014, 04:51 PM

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QUOTE(Chris Chew @ Jul 18 2014, 02:32 AM)
I am one of the very optimistic person who think highrise, except KL city, with selling price above RM 800 psf is kinda tough for short term and medium term flip / rental. I didnt expect a good rental to cover anything above RM 800 psf.

But, for this Sunway GEO, I think this is my exception in believe.
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yes many investors fail to realize the DISCOUNT that MUST be applied for condo's out of the city/prime areas with multiple offices. If someone would wanna stay far away, it would most probably be cos it's cheaper

*GEO is not too bad
Babizz
post Jul 18 2014, 04:52 PM

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QUOTE(JChoo @ Jul 18 2014, 02:41 AM)
I already live in SSQ for more than 1 year....  icon_rolleyes.gif
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bungalow or mansion? dam rich la u!!
Babizz
post Jul 18 2014, 05:16 PM

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QUOTE(kh8668 @ Jul 18 2014, 02:59 AM)
what you guy think of Sunway GEO and Subang Jaya CC by sime? which one to go?
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SJCC price please?
with both prices, easier to compare lorr!
Babizz
post Jul 19 2014, 04:53 PM

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Any units still left?
Babizz
post Jul 20 2014, 10:27 AM

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QUOTE(JChoo @ Jul 19 2014, 08:15 PM)
Very quiet here....wonder if another BBB for this project?
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ya, SSQ's older/other condo's are still hovering around 600 ish psf (albeir larger sized units). But GEO holds an edge as it's closer to Sunway college and has the upcoming BRT connectivity. Still not sure about how the rental market will turn out
Babizz
post Jul 20 2014, 10:50 AM

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QUOTE(simeonelee78 @ Jul 19 2014, 08:43 PM)
No more bbb scene as last time launch.., indication for market cool down ... Over 900 psf in area such as sunway, subang, damansara is psycology and resistance level for almost buyers (almost are Chinese buyers)...let see next launching by big players in this year..
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Yes, potential upside for anything above 900 outside KLCC or the more prime areas in KL is limited. I think overpriced Ara Damansara condo's gonna be hit bad!

Geo also has to compete with D senza near Taylor's apart from the government's plan to introduce measure to further scrutinize incoming foreign student's in Msia.
Babizz
post Jul 20 2014, 06:57 PM

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How can GEO compete with existing A marine which is going for about 1 mill for 1300- 1500 sq ft unit apart from btr accessibility

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