Entry price 900 so high. Who to rent/flip to?
Investment Sunway Geo Residences,South Quay Bandar Sunway, Any Opinion?
Investment Sunway Geo Residences,South Quay Bandar Sunway, Any Opinion?
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Jun 26 2014, 09:15 PM
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#1
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All Stars
12,527 posts Joined: Feb 2013 |
Entry price 900 so high. Who to rent/flip to?
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Jun 27 2014, 03:24 PM
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#2
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All Stars
12,527 posts Joined: Feb 2013 |
Chris, why skip highrise, fear highrise oversupply ah?
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Jul 7 2014, 04:20 PM
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#3
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All Stars
12,527 posts Joined: Feb 2013 |
QUOTE(Chris Chew @ Jul 4 2014, 02:41 AM) Ya, a bit. But I am more worried I am over geared. 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.Anyhow, Sunway GEO, I think should be okay, because not rivals for this project and it's location. |
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Jul 8 2014, 07:53 AM
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#4
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All Stars
12,527 posts Joined: Feb 2013 |
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Jul 8 2014, 09:25 AM
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#5
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All Stars
12,527 posts Joined: Feb 2013 |
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Jul 16 2014, 09:41 AM
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#6
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All Stars
12,527 posts Joined: Feb 2013 |
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. 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? |
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Jul 18 2014, 10:11 AM
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#7
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All Stars
12,527 posts Joined: Feb 2013 |
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Jul 18 2014, 11:10 AM
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#8
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All Stars
12,527 posts Joined: Feb 2013 |
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Jul 18 2014, 03:11 PM
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#9
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All Stars
12,527 posts Joined: Feb 2013 |
i think GEO 2 is abt 900 ish right after discount?
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Jul 18 2014, 03:19 PM
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#10
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All Stars
12,527 posts Joined: Feb 2013 |
QUOTE(bigman @ Jul 18 2014, 01:14 AM) SA told me is about 1000psf...before 10% discount & 3% for PALS... good analysis.. I think this is a better bet than their Velocity..how's the facilities? 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... whats d occupancy rate of surrounding condo's? |
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Jul 18 2014, 03:45 PM
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#11
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All Stars
12,527 posts Joined: Feb 2013 |
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... yes true enough.. when GEO 1 will VP? what is ur unit facing?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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Jul 18 2014, 04:26 PM
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#12
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All Stars
12,527 posts Joined: Feb 2013 |
QUOTE(bigman @ Jul 18 2014, 02:13 AM) yup...but hope can get paper gain like Tropicana Gardens Phase 1... this project is way btr than TG.. TG phase 1 price still ok..other phase's must be prepared to lose money TG Phase 1 compared Phase 2 is almost 50% ler... |
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Jul 18 2014, 04:28 PM
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#13
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All Stars
12,527 posts Joined: Feb 2013 |
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Jul 18 2014, 04:51 PM
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#14
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All Stars
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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. 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 But, for this Sunway GEO, I think this is my exception in believe. *GEO is not too bad |
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Jul 18 2014, 04:52 PM
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#15
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All Stars
12,527 posts Joined: Feb 2013 |
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Jul 18 2014, 05:16 PM
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#16
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All Stars
12,527 posts Joined: Feb 2013 |
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Jul 19 2014, 04:53 PM
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#17
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All Stars
12,527 posts Joined: Feb 2013 |
Any units still left?
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Jul 20 2014, 10:27 AM
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#18
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All Stars
12,527 posts Joined: Feb 2013 |
QUOTE(JChoo @ Jul 19 2014, 08:15 PM) 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 |
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Jul 20 2014, 10:50 AM
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#19
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All Stars
12,527 posts Joined: Feb 2013 |
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.. 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. |
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Jul 20 2014, 06:57 PM
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#20
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All Stars
12,527 posts Joined: Feb 2013 |
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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