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

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CMW123
post Jul 15 2013, 09:54 AM

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QUOTE(Chris Chew @ Jul 9 2013, 12:34 AM)
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.
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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...
CMW123
post Jul 15 2013, 12:33 PM

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QUOTE(dcwhz83 @ Jul 15 2013, 12:24 PM)
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...
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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...
CMW123
post Jul 20 2013, 02:37 PM

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QUOTE(MaxKHOO @ Jul 20 2013, 08:33 AM)
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.
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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
CMW123
post Jul 21 2013, 06:55 PM

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QUOTE(JChoo @ Jul 21 2013, 03:00 PM)
Both Nautica and A'marine entrance is next to each other, shuttle bus stop right in front of both
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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
CMW123
post Jul 22 2013, 07:52 PM

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QUOTE(linghen @ Jul 22 2013, 05:57 PM)
Is RM900 sqst for sunway geo residence is a good buy? overprice as compare to other area?
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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
CMW123
post Aug 3 2013, 05:30 PM

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is the lakeside promenade open to public? Where to access?
CMW123
post Aug 4 2013, 09:35 PM

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QUOTE(JChoo @ Aug 3 2013, 09:39 PM)
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.
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Any idea in future will it be open to public or residents of sunway geo only?

No one there, looks like occupancy of Bayrocks and Nautica still very low...
CMW123
post Aug 8 2013, 03:49 PM

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QUOTE(JChoo @ Aug 8 2013, 03:41 PM)
Not too sure.  I think the company leased directly from luxury court.  Luxury court is the Korean company that bought enbloc from sunway last time.  I believe those units are either own by them directly or Korean owners who bought last time.
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Roughly how much rental can fetch per unit? Size is 13xx sf, 3 rooms?
CMW123
post Aug 23 2013, 12:15 PM

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QUOTE(Donald Trump @ Aug 23 2013, 08:58 AM)
650psf Sooo cheap? Be ready...South Quay coming price is hitting 1000psf...yup is not a typo error is 1000psf
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Last heard was RM900-950psf

But should have high rebate

BTW, launching still in Sep 13?
CMW123
post Aug 23 2013, 12:42 PM

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QUOTE(bojo8 @ Aug 23 2013, 12:20 PM)
In jun 2012 @ RM630 psf...none of us have been contacted for vp yet. but yes i'm thinking sep from the looking at the building.
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Soli, I was referring to the future launch of the Sunway Geo Residence...

U were referring to?
CMW123
post Aug 23 2013, 04:27 PM

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QUOTE(Jedi.kt @ Aug 23 2013, 02:51 PM)
The BRT plan is a big selling point
Compare to Nadayu28, RM800psf for GEO is abit steep
But in view of size to the lumpsum selling price, i could only afford GEO hahaha

abit regret i didn't grab the smallest unit of Nadayu28 last time
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Think for Nadayu 28, 990 sf smallest unit was launched at RM700k above. Saw at the Iproperty Expo, the big units still have many

Geo Residence residence smallest 825 sq ft if net after rebate at RM800
psf also RM660k

So in absolute price not too big difference also... hmm.gif

This post has been edited by CMW123: Aug 23 2013, 04:30 PM
CMW123
post Aug 25 2013, 07:54 AM

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Boss, sounds like your hands are itchy to get one unit...

Any medicine to stop hand itchy... icon_question.gif
CMW123
post Sep 1 2013, 07:51 AM

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QUOTE(Bingoo @ Sep 1 2013, 02:37 AM)
Hi! SUNWAY Geo still not launching yet??

If all small units is facing west, resell value will not so high or even hard to resell.

Anybody can give some further info ??
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Sunway Geo Residence will be east west orientation

The west side will have the lake view. However, there is another piece of land before Bayrocks and hence when they construct another project on that land, the lake view will be blocked.

SA will answer you, no worries lah, the future project will be lowrise. I asked unlikely rite, becoz of such a prime land. The SA will say if that's the case then buy high floor so wouldn't block. The I said for investment should go for low and mid floors, rite. Then the SA answered anyway, it will be several years before the future project is up.

Sigh, is there any question that the SA cannot answer u and is any of their answer sound convincing to u?

Small unit start from 829 sf.
CMW123
post Sep 5 2013, 09:24 AM

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They are still selling phase 2 of the flexi suite (office)...
CMW123
post Sep 17 2013, 02:49 PM

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QUOTE(Oh_wow @ Sep 17 2013, 02:16 PM)
Ya A'Marine smile.gif For ownstay, very good. How about for investment?? Need advice.
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U need RM4600 rental per month to get 5% return...achievable or not?
CMW123
post Sep 27 2013, 03:44 PM

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Anyone can confirm if no take DIBS, how much additional rebate?
CMW123
post Sep 27 2013, 04:40 PM

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Surely add RM3000 or RM5000 per level up...

Sunway wor, only add RM1000 meh...?
CMW123
post Sep 28 2013, 08:12 AM

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Nadayu 28, 990 sf RM700k+
CMW123
post Sep 28 2013, 03:30 PM

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QUOTE(linghen @ Sep 27 2013, 08:52 AM)
sunway geo residence selling at RM766,000 for 829sfqt , is it expensive? worth to buy?
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RM766k is price for lowest floor and each floor up RM2k?
CMW123
post Sep 28 2013, 03:33 PM

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QUOTE(Chris Chew @ Sep 28 2013, 11:36 AM)
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.
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Boss, all smallest 829 sf unit will face east but no lake view

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