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

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bojo8
post Jul 14 2013, 11:05 PM

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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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Sunway builds 24x7 regardless of the "laws" since Bandar Sunway is theirs. I suspect it will be completed before 2017 so they can stop paying DIBS.
bojo8
post Jul 20 2013, 01:04 AM

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QUOTE(Chris Chew @ Jul 15 2013, 10:18 AM)
I think Nautica 1392 sq ft still able to nego n get it ard RM 800-850k. Honestly, if RM 900k might be a bit high side.

A'Marine n La Costa released units n buy from developer should be come with discount. Few months back, my friend's punya friend, bought Nautica released unit directly from dev with 10% discount, net close to RM 600 psf and if not mistaken, fully furnished too. If both A Marine and La Costa release at RM 650-670 psf, I adamant to believe, its still on high side due to VP soon and bigger size.

Ya, thx for correction, it is not directly on top of retail shops and flexi suites, which is even much better for my liking. But I thought it is directly beside it, no? Still got land to buffer both for future developement?

A bit tough of direct comparison btw 800 sq ft vs 1300+ sq ft with it's price tag. 800+ sq ft is the only small sizes available, u/c, DIBS and schedule to complete by 2017 while the 1300+ sq ft for those Nautica, A Marine and La Costa are either completed or soon. The latter trio pricing was the price of immediate prevailed price, a bit transparent to tr current market demand, rental demand ans etc while 800+ sq ft unit is the price of inclusive 4 years interest, smaller by almost half normally fair to generates higher price per sq ft and lower absolute price but liquid in terms of lesser units of such size among the whole SSQ condo series.
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Nautica units still available from developer even after all this while? They still have anymore available?
bojo8
post Jul 21 2013, 12:37 AM

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QUOTE(CMW123 @ Jul 20 2013, 02:37 PM)
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
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Yes master plan has "future developement". Probably another condo.
bojo8
post Jul 21 2013, 01:49 PM

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QUOTE(JChoo @ Jul 21 2013, 01:47 PM)
Ic...then same as what I paid for then except for high floor
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Is the free shuttle stop closer to nautica or on a'marine side?
bojo8
post Jul 21 2013, 10:56 PM

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heard they're extending the monorail from kl through old klang road all the way to the BRT. not sure how that's going to happen or if it's just a rumour.
bojo8
post Aug 8 2013, 12:40 AM

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QUOTE(JChoo @ Aug 5 2013, 12:09 AM)
Boss, hard to say.  I know 30+ units rented to Air Asia, and they are increasing it to 40+ units.  So counting that, all of them are foreigners, mainly stewardess. Othes, some local families, some expats, and also quite a number of students both local and foreigners.  If I were to guess a ratio, I would say around 40% foreigners.....just a guess only.
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Air Asia paying their rental for their staff?
bojo8
post Aug 8 2013, 08:32 AM

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QUOTE(dikae @ Aug 8 2013, 12:43 AM)
Hmmm doubt Air Asia would do that ...
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Wondering why jchoo saying they are going from 30 to 40 units. Sounds like airasia are the ones renting multiple units eh?
bojo8
post Aug 8 2013, 01:49 PM

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QUOTE(JChoo @ Aug 8 2013, 12:41 PM)
Yeah, air Asia renting from a company, that company rent from Nautica.  There is an air Asia office at lobby....use for their foreign stewardess.  Cheaper than putting them in hotel.
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Jchoo so does that company approach private owners or they bought the units themselves. Think it would overflow to a'marine?
bojo8
post Aug 8 2013, 01:57 PM

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QUOTE(hwl78 @ Aug 8 2013, 09:35 AM)
What is the rental yield like around SSQ??
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I use to live in palmville which is older and beside the medical center and rental is rm2500-4000 depending on floor , furnished , facing lagoon, and rooms (owners added extra room for students making them 4 bedders). Nautica is the newest in the area with a'marine soon to be completed. Rest are older or student hostels.
bojo8
post Aug 9 2013, 12:01 AM

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QUOTE(JChoo @ Aug 8 2013, 04:35 PM)
1392 sf, 3 rooms is the smallest size. If u talking abt AA deal,  I heard from the management company staff....that AA is paying 7k per unit regardless of size, all inclusive....cleaning service twice a week, elect and water, maintenance and repair, Astro and broadband.  This company got this biz from AA and rented from Luxury Court at 4k per unit at Nautica.  That's what I heard but didn't verify it so don't quote me on that.

If own owner want to rent out, rental between 3 - 3.5k ff for the 1392sf unit.  Got offer 3.5k before for my unit, tenant students from china.  If wanna fetch higher, got to wait and target expats.  Student would be easier of course.
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What about 3bed 1500sf rental, fully furnished you think can ask for 5k if on high floor? I hope sunway pinnacle will bring in more expats but that's a few years away.
bojo8
post Aug 9 2013, 12:57 AM

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QUOTE(Chris Chew @ Aug 9 2013, 12:41 AM)
I think 1500 sf not easy to rent out at RM 5k, but there is possibility since limited units with spaces create exclusivity esp for expats.

As 1392 sq ft is not big difference away, to top up RM 1.5k ( from RM 3.5k to RM 5k ) for the additional 100+ sq feet is quite high side unless die die must stay around Sunway and no unit from 1392 sq feet.

I believe 1392 sq feet is very liquid and great equity due to it's size being the smallest of Nautica, a not too pack / small unit as a 3 beds apartment and upcoming A'Marine at higher price, the smallest size if I remember correctly was 1500 sq feet onwards too.

If I also not mistaken, one or two agents already hinted me that some rich owners already plan to renovate their A'Marine ( 1500+ sf ) units nicely and would not rent out their units anything lesser than RM 5-5.5k upon completion.
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But as you mentioned before nautica have a low vacancy level so renters will spill over to a'marine since its the newest condo nearby with available units. But kind of off topic, so you think geo is a good investment? Since you have a nautica unit would you also buy a geo with the dual key concept?
bojo8
post Aug 9 2013, 01:09 AM

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QUOTE(JChoo @ Aug 9 2013, 01:03 AM)
Hmmm....my unit also very nicely done up at Nautica....maybe should test and see how much can rent out ...he he
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Bro how's the construction noise at night there? I've driven by at midnight and can hear the machines still going.
bojo8
post Aug 13 2013, 01:10 AM

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QUOTE(Chris Chew @ Aug 13 2013, 01:05 AM)
Huh, when did I mentioned Nautica had low occupancy level? To have 70% occupancy rates as at reported now, it was consider a very decent figure where few of the units were used as holiday homes by some riches. I didn't have a unit of Nautica but bro JChoo had, and none of us mentioned it had low occupancy rates.

Whether it will spill over to A'Marine, it would be much rely on the demand and holding of the A'Marine owners, where the price set up is a lot higher than Nautica in terms of rental and furnishing. If A'Marine is success after one year from VP time, I am sure not only AM but Nautica and upcoming La Costa will do well finally, same goes to GEO Residences due to smaller size easier to coup for tenants and their needs while, by the time GEO is completed, it would be est 2017 year end and BRT and GEO retails will be completed by 2015/16 while the current roads extension and Pinnacle would be completed by 2014.

Btw, dual key for GEO Residence, if not mistaken, is belongs to large unit of 1400 sq feet, hence the price ( awaiting it anyway ) would be a real test since we noe the performance of Nautica similar sizes while pending the report of A'Marine due to yet to VP.
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Sorry I meant bro jchoo mentioned the occupancy rate. No VP for AM yet.
bojo8
post Aug 22 2013, 11:41 PM

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QUOTE(Oh_wow @ Aug 22 2013, 06:30 PM)
Any A'Marine owner want to sell type E1 or E2, 1598sf? Looking for a unit for my own stay.
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Out of curiosity what are the subsales going for?
bojo8
post Aug 23 2013, 12:06 AM

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QUOTE(Oh_wow @ Aug 22 2013, 11:50 PM)
Not sure, last time they are buying at 500+psf. Looking for a unit for own stay if price is reasonable.
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Good luck in your search. I think a lot of investors might want to see how much the elevated bus, geo, etc will help appreciation and might just rent it out first.
bojo8
post Aug 23 2013, 12:14 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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why do you think that? i hope you're right but i'd just like to see why you think that.
bojo8
post Aug 23 2013, 12:20 PM

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QUOTE(CMW123 @ Aug 23 2013, 12:15 PM)
Last heard was RM900-950psf

But should have high rebate

BTW, launching still in Sep 13?
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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.
bojo8
post Aug 23 2013, 12:54 PM

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CMW yes sorry i meant Amarine.
bojo8
post Aug 23 2013, 01:04 PM

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yes but to rent out, small chance might move in in a year or two but doubt it. but i use to live in palmville so i do like sunway's amenities.
bojo8
post Aug 23 2013, 02:32 PM

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QUOTE(JChoo @ Aug 23 2013, 01:13 PM)
Bro, if you could, can you share what size and net price when you bought?

And how much rental you expecting?

Thanks
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block A, high floor 1555sqf facing Geo. think RM630psf with rebates drop to RM560psf just going off what i know the unit sold for and my loan but it was long ago so dont recall 100%. fully furnished hope to get RM4K maybe higher depending what others rent their units for. you think can fetch 4K? i know nautica is RM3.5 for similiar size. i know palmville has units renting as high as RM3.5K and it's 10 years old.

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