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

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MaxKHOO
post Jul 3 2013, 02:40 PM

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QUOTE(Lionking1900 @ Jul 3 2013, 12:04 PM)
starts from 829sqft
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Will they give 10% discount like what they did for Geo flexi suite?
MaxKHOO
post Jul 3 2013, 06:10 PM

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QUOTE(Lionking1900 @ Jul 3 2013, 05:40 PM)
the promotion package is not pen down yet.

Do expect to pay the full 10%.....
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They provide 3% discount to all purchasers who hv purchased properties from them before, exclude sub-sales purchase.
MaxKHOO
post Jul 3 2013, 08:57 PM

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QUOTE(Lionking1900 @ Jul 3 2013, 07:47 PM)
I will NEVER EVER WANT to buy ICON city~~!!!!!
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Why??
MaxKHOO
post Jul 3 2013, 10:33 PM

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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.
MaxKHOO
post Jul 3 2013, 10:56 PM

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QUOTE(natman @ Jul 3 2013, 10:46 PM)
At that price need to dump in at least 30-40% d/p for positive rental income lol
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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.
MaxKHOO
post Jul 3 2013, 11:14 PM

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QUOTE(natman @ Jul 3 2013, 11:03 PM)
Students can pay that kind of money ?  hmm.gif  hmm.gif  hmm.gif  they gotta be damn rich  sad.gif
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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.
MaxKHOO
post Jul 3 2013, 11:54 PM

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QUOTE(natman @ Jul 3 2013, 11:50 PM)
WOW really ? need to search harder now do u mind to tell me which condo has got a good rental. thanks
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Two bedroom condo of size 750sf to 850 sf at Saujana Residency Subang is renting at RM2400 to RM3500.
MaxKHOO
post Jul 4 2013, 12:00 AM

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QUOTE(natman @ Jul 3 2013, 11:55 PM)
thanks  nod.gif are u agent info so fast one
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No. I am not agent. You can get such info easily from property website such as iproperty and propwall.
MaxKHOO
post Jul 4 2013, 12:11 AM

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QUOTE(natman @ Jul 4 2013, 12:06 AM)
thought u are agent, so are u trying to get one at geo ?
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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%.
MaxKHOO
post Jul 4 2013, 12:20 AM

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It is under residential.
MaxKHOO
post Jul 4 2013, 12:38 AM

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QUOTE(natman @ Jul 4 2013, 12:25 AM)
Alright bro thanks for the info will keep an eye for this, thanks
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You're welcome but I am not a bro. I am a sister.....sorry for misleading due to the name I have given myself.
MaxKHOO
post Jul 4 2013, 12:49 AM

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QUOTE(Chris Chew @ Jul 4 2013, 12:45 AM)
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.
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Currently they are giving 9% discount for non-DIBS for the Geo flexi suites Phase 2. They gave only 8% for the Phase 1.
MaxKHOO
post Jul 4 2013, 12:55 AM

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QUOTE(Chris Chew @ Jul 4 2013, 12:52 AM)
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.
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According to the sales people at Geo, price is RM850 psf before discount. Built-up between 830sf to 1500sf.
MaxKHOO
post Jul 4 2013, 01:09 AM

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QUOTE(Chris Chew @ Jul 4 2013, 12:59 AM)
If not mistaken, it is from 825 sq ft to 1491 sq ft.

I thought it had launched dy recently? No?
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Maybe it is 825 sf to 1491 sf. But it is not launched yet. Launching July/August.
MaxKHOO
post Jul 4 2013, 06:50 AM

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QUOTE(airline @ Jul 4 2013, 03:08 AM)
Phase 1 launched already?
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Phase 1 here referring to flexi suites not condo. Flexi suites phase 1 launched last year.
MaxKHOO
post Jul 4 2013, 08:08 AM

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QUOTE(airline @ Jul 4 2013, 08:04 AM)
The new launch coming soon is condo then?
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Flexi suites phase 2 launched last week. Condo launch is Jul/Aug.
MaxKHOO
post Jul 4 2013, 08:20 AM

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QUOTE(natman @ Jul 4 2013, 08:10 AM)
Sis how much is flexi suites ? phase 1 and phase 2 ? might better consider taking suites instead of residence.
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Phase 1 is Rm887 psf. Phase 2 abt Rm920 psf. Prices quoted here are before discount.
MaxKHOO
post Jul 20 2013, 08:33 AM

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QUOTE(twc7102 @ Jul 20 2013, 07:13 AM)
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...
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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.
MaxKHOO
post Sep 28 2013, 12:11 PM

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QUOTE(CMW123 @ Sep 27 2013, 03:44 PM)
Anyone can confirm if no take DIBS, how much additional rebate?
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If you are not taking DIBS, they give 6% discount, on top of the promotion discount of 10%. Repeat purchasers get another 3%.
Each floor, increase RM2000.

According to the sales person, the price is RM900 psf. It is still indicative. Target to launch in the 3rd week of October for PALs first.
MaxKHOO
post Sep 28 2013, 12:19 PM

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They have put three floor plans ie 829 sf, 1109 sf and 1388 sf in their website.

http://www.sunwayproperty.com/pd/sunwaygeo_residences.asp


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