Received this sms from Sunway Property today:

Sunway GEO Residences going to launch to PALS on 19/10 & 20/10 . Sizes from 829 sq ft to 1,496 sq ft. (2 bedroom , 3 bedroom & 4 bedroom) Indicative price from RM900psf onwards . Indicative maintenance : RM0.42 psf. 2 car park.

I would say yes and I will definitely going in. The problem is whether can get it or not is another issue. With so many projects around the vicinity such as BRT, university expansion,  grade A office, new traffic access and so on. After 4 years, I will foresee that this is the most preferred place for students & expatriates within PJ, SJ ,SW & PC area.

With estimated 60,000 student population around the area. Don't under estimate their basic needs. Nowadays, they r talking about life style and safety.

To me, most preferred place for students & expatriates within PJ, SJ, SW and PC area is a VERY BOLD STATEMENT..

Maybe yes only for students who are studying in Sunway and SJ. How many expatriates would actually choose to stay in Sunway and Subang? Can you please shed some light?

Thanks.

Grade A office, which has a high demand and most of them are located in KLCC area.The Pinnacle Sunway is one of them. That's mean, it has potential to attract MNC relocate to SW. Do u know that there is another transformation going on next to the Pinnacle? GDC of 1.5 bil for another 3 blocks of office tower is planned at the open car park. What I try to tell is Geo residences is located at super location that meet many criteria to attract expatriate to stay here when all the existing developments completed after 4 years.

U will be surprise They r indeed paying this kind of price now

I know that the rental for a 1000sf furnished apartment around south quay cost 2.5-3k a month. 3.5k is no doubt doable after 4 years for 829sf fully furnished. The demand is increasingly crazy in sunway

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.

then if suceessful and signed the SNP, if cancelled later due to loan not approved, how much will forfeit?

you mean even i cancel the SNP, i just need to charge 2%?

I'm going too.
Need to issue 20K cheque, fill up a form, then only allow to participate in the balloting process. Successful registrant then will choose a unit of the choice within a given time frame. Only 8 units allocated for the Sunway facebook fans to buy.

1% from total purchase price will be deducted for cancellation (must show proof u cannot get loan) after sign the s&p.

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prices r before 10% discount & further 3% for staff
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for those who prefer lake view (or large units) of Block A may find their views partially obstructed by a future tower. Block A is on the left. Block B (yet to be launched) is more fortunate as the future development comprise of only low rise apts.
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They will just hold the cheque back first and not cash it in. S&P has to be signed within 7 days. Assuming its a go ahead and one already has secured a loan for the project, can opt to get back the cheque and swipe card instead.

Nautica and A'marine at RM 650 psf is certainly a good price.

While we quote GEO Resi is about RM 800 psf, it was based on the talking of the smallest size of 800-900+, is there anyone noes the price for 1300 sq feet or dual key unit?

Sunway does not hv the reputation to leave big money on the table for buyers to take in its residential project. No exception for Geo as well.

for the ordinary purchaser, be it a single or dual key unit, nothing in geo is <rm800 psf. for eg. the lowest entry net price (after 10% discount) for a dual key type F 1496 sf works out to be rm1,200,600 or rm803 psf.

it is also interesting to note that all large units will face the evening sun/west.

i opine that sunway has definitely taken into account an observable rm psf difference specifically between the more demanding smaller units (types A,B) and the slower moving larger units (types E,F) as in the case of skypod.

but at the same time, the developer also wanted to capitalise on the so-called lake/facilities view that only the larger units would enjoy by building in a latent premium into their selling prices.

in other words, smaller types do in fact have higher rm psf and
larger types having lower rm psf (initially) r then hyped up coz of the favourable lake view factor (despite facing west n will be partially blocked in the future).

dual key types E & F
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Initial plan was this Saturday but a lot of unit being taken so not sure if they still open to public or just open to walk in customers, please call n ask them.

Went to check the layout... 3 smallest size 800+ and 900+ the layout damn nice
For 900+ sf, is not just 2 rooms but 2+ 1...the extra 1 can be converted into a room and got window somemore
So is 2+1 room, 2 bath, 2 car park, and got balcony some more

Ekocheras 800+ sf layout is damn kau lousy compare to this Geo...dunno what kind lousy architech Ekivest hire

Anyway still waiting for durian to fall

Normal Pals also tak ada chansi...staff already whack 7788 liau...my buddy is sunway staff but this round too hot cant do anything