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 8 Kinrara by I&P, Need many big sifus to comment

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Chris Chew
post Jul 7 2013, 02:19 AM

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QUOTE(robertchoo @ Jul 6 2013, 02:01 PM)
Then you're better off hedging you bets with Emerald and Qaseh instead of 8Kinrara, no?
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No.

It doesn't convince me enough to enter a subsale where it had reached it's peak price and leaves me smaller gap.

Emerald 22x75 was sold below RM 600k back in 2010 by I&P ( much cheaper for bumi buyer who got 7% discount / bumi quota )and thus at current RM 950k-1.05mil asking price, it had appreciated more than min RM 350-400k. Same goes to Qaseh and no doubt, both are great quality and good workmanship homes but it's not a wow factor based on the concept and the boring direct-facade.

It could be a different story if any of the Sapphire, Emerald or Qaseh is the current new launch against the options of vs 8 Kinrara.




twincharger07
post Jul 7 2013, 02:54 AM

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QUOTE(Chris Chew @ Jul 7 2013, 02:09 AM)
Boss, it is obviously rental income would be tough for a studio at such location of Bdr Kinrara, and some more with such benchmark price tag of over RM 600+ psf.

IMHO, the studio of 600+ psf can be elegant and exclusive, thus, if able to rent out at max RM 1500-1600 pm at today's rate, it could be very decent.

I have to reiterate that Bdr Kinrara / Puchong is not a full force or hardcore rental investment game, but more to a capital / property appreciation game. The area which highly regarded with rental ROI game would be Subang Jaya or Bdr Sunway, which speculated by the colleges' student.

In fact, when I bought the Zest, I never thought this condo able to fetch anything higher than RM 1,200 pm rental but in fact, Zest current rental had fetched and reached abt RM 1,500 - 2,000 without the help of any college nearby and this is before the climax of LRT completion. A good location for own stay, is not necessary a good location for rental yield but capital appreciation.

The studios of 8 Kinrara are very limited, at around 40+ units, hence, the holding period is very strong. There are no studio for The Zest, until the whole stretch of Bdr Kinrara.

This 40+ owners, who willing to enter at such price without any discount, be it 70% or 90% loan, forked out downpayment of btw 10% - 30%, means this small group of studio owners are typically not those who buying a highrise and only looking at high discount. The difference is the profile of these 40+ buyers against the buyers of any other projects with 7-15% discount.

For most of the investors in Bdr Kinrara, rental is just part of the game while awaiting the best timing to flip it at higher profit.

I not adamant to believe the studio here about to fetch RM 2k p/m, but well, I predict a stagnant rates of rental in Bdr Kinrara, at least until the completion of LRT, it would be play a pivotal role to push up the rental prices. Whether the market is only worth RM 1.5k by 2016, the owner can ask for RM 2.5k p/m, it is only 40+ units in the whole BK with short walking distance to new LRT station, at this stage, it would be " 2.5k, take it or leave it"
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+1 .. BK is very family oriented neighborhood, thus strong demand for long term stay that drive up the price around this place..

There are 4 studios in Zest but not sure how they perform.. and you are right, these stretch of road from Turf Club till Puchong, only 8 Kinrara offers studio at a larger scale.. not even in Bukit Jalil where rental market is relatively stronger than Kinrara area..

IMHO, studios work well within commercial area, but within residential area pretty untested. Kinrara is still dominated by housing development, unlike Puchong goldmile which plenty of commercial along LDP. But again, the good news is only 40+ studio with less competition within this area.. but never know will there be another studio development coming up within this area.
TSnatman
post Jul 7 2013, 08:43 AM

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QUOTE(twincharger07 @ Jul 7 2013, 02:54 AM)
+1 .. BK is very family oriented neighborhood, thus strong demand for long term stay that drive up the price around this place..

There are 4 studios in Zest but not sure how they perform.. and you are right, these stretch of road from Turf Club till Puchong, only 8 Kinrara offers studio at a larger scale.. not even in Bukit Jalil where rental market is relatively stronger than Kinrara area..

IMHO, studios work well within commercial area, but within residential area pretty untested. Kinrara is still dominated by housing development, unlike Puchong goldmile which plenty of commercial along LDP. But again, the good news is only 40+ studio with less competition within this area.. but never know will there be another studio development coming up within this area.
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Thanks to Bro Chris and Bro Twincharger for the detailed analysis regarding 8K and from BJ to puchong area.

Saw the master plan, I&P will have 2 more highrise to be build right behind 8 Kinrara...... lets see whats next in near future, if studios this 40+ buyers will have some competition.

In BJ arena green itself has small units 700+ sf with 2 bedroom rental is not yet 2k at this moment.

This post has been edited by natman: Jul 7 2013, 08:45 AM
Chris Chew
post Jul 7 2013, 10:37 AM

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QUOTE(natman @ Jul 7 2013, 08:43 AM)
Thanks to Bro Chris and Bro Twincharger for the detailed analysis regarding 8K and from BJ to puchong area.

Saw the master plan, I&P will have 2 more highrise to be build right behind 8 Kinrara...... lets see whats next in near future, if studios this 40+ buyers will have some competition.

In BJ arena green itself has small units 700+ sf with 2 bedroom rental is not yet 2k at this moment.
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Yes, that is going to be Phase 2 and 3 with even more units. I think I&P style, will include the same 600+ sq ft studio to 2000+ sq ft premium unit. I dont think they will solely build studios only.

These studios will have exclusive by living together with more affluent owners / tenants of much premium units of RM 750k++ to RM 1mil+ units

Btw, I think that is called 1 bedroom apartment, bcz this is commercial land, it cant be called studio instead of soho if there is no partition of the single bedroom.

Hmm, Arena Green is a bit old and only a normal apartment, at the size of 700+ sq ft is indeed very tough to reach rental RM 2k with so much catalyst yet to develop. Perhaps wait more commi like Aurora shops by Ho Hup and Berjaya Mixed Dev which included retails ans office materialize a bit.
redferret
post Jul 22 2013, 12:06 PM

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Hi guys, I bought a unit in 8 Kinrara, just to share several packages received from bank. I mask the bank name with color code.

1) Yellow bank - Semi Flexi, BLR - 2.42% ,
2) Red bank - Fully Flexi , BLR - 2.40% , cannot reduce because standard rate for all customers
3) Blue bank - Semi Flexi , yet to reply
4) Blue red fish tail bank - Semi Flexi, BLR - 2.45% , but short tenure, till 65 yrs old


May I know what are the packages offer by bank to you ? can PM me if confidential.

Thanking in advance, icon_rolleyes.gif
fooj
post Jul 23 2013, 11:17 AM

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Still have anymore left ?
Kvsual
post Aug 7 2013, 09:29 PM

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Oh my, just found outt this project...too late?
How is this compared to YouVista @ YouCity Cheras? fetchin around the same psf 600-650psf (F/H)
Which one is better interms of ownstay/investment? hmmm
kochin
post Sep 6 2013, 08:41 AM

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any puchong/sri petaling, bkt jalil taikor can update status of this project please?
thanks.
Chris Chew
post Sep 6 2013, 09:43 AM

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QUOTE(kochin @ Sep 6 2013, 08:41 AM)
any puchong/sri petaling, bkt jalil taikor can update status of this project please?
thanks.
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Can siu dai update a bit ah?

As at one month ago, was told only few biggies ( i think 4/5) left, bumi lot only. Non bumi lots fully sold one week after it ballot.

Ground works should be almost done. I&P comment can be completed within 2 years or by end of 2015.

Can see developer is doing a clearing and ground works for new exit directly in front of the 8 Kinrara to Bkt Jalil highway. Unsure whether it was inclusive of the entry bcz I saw the clearing works only curve towards exit to Sunway / Puchong only.
Mikken
post Sep 6 2013, 09:51 AM

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QUOTE(Chris Chew @ Sep 6 2013, 10:43 AM)
Can siu dai update a bit ah?

As at one month ago, was told only few biggies ( i think 4/5) left, bumi lot only. Non bumi lots fully sold one week after it ballot.

Ground works should be almost done. I&P comment can be completed within 2 years or by end of 2015.

Can see developer is doing a clearing and ground works for new exit directly in front of the 8 Kinrara to Bkt Jalil highway. Unsure whether it was inclusive of the entry bcz I saw the clearing works only curve towards exit to Sunway / Puchong only.
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TK Chris, you vested in this? Amazed that non-bumi lots are sold out.
kochin
post Sep 6 2013, 09:53 AM

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chris_chew boss, thanks for the updates
Chris Chew
post Sep 6 2013, 09:57 AM

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QUOTE(Mikken @ Sep 6 2013, 09:51 AM)
TK Chris, you vested in this? Amazed that non-bumi lots are sold out.
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No la. Tarak duit. No discount for highrise I wont buy. Highrise, I only buy medium end or anything less than RM 500 psf. Except Sunway South Quay or Desa Park City series.

Ya, I also amazed that big big units of 1800 sq ft onwards also fully sold at RM 610 psf onwards! Its over a million without discount but DIBS.
Mikken
post Sep 6 2013, 10:02 AM

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QUOTE(Chris Chew @ Sep 6 2013, 10:57 AM)
No la. Tarak duit. No discount for highrise I wont buy. Highrise, I only buy medium end or anything less than RM 500 psf. Except Sunway South Quay or Desa Park City series.

Ya, I also amazed that big big units of 1800 sq ft onwards also fully sold at RM 610 psf onwards! Its over a million without discount but DIBS.
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Many filthy rich ppl in Kinrara opting for a smaller condo unit. If Jalil City sold at 600 psf, I am sure many ppl will enter. I know I will.
wil-i-am
post Sep 6 2013, 10:09 AM

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QUOTE(Chris Chew @ Sep 6 2013, 09:43 AM)
Can siu dai update a bit ah?

As at one month ago, was told only few biggies ( i think 4/5) left, bumi lot only. Non bumi lots fully sold one week after it ballot.

Ground works should be almost done. I&P comment can be completed within 2 years or by end of 2015.

Can see developer is doing a clearing and ground works for new exit directly in front of the 8 Kinrara to Bkt Jalil highway. Unsure whether it was inclusive of the entry bcz I saw the clearing works only curve towards exit to Sunway / Puchong only.
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Bro, u mean there will b an exit from this project to Bkt Jalil highway?
Chris Chew
post Sep 6 2013, 10:16 AM

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QUOTE(Mikken @ Sep 6 2013, 10:02 AM)
Many filthy rich ppl in Kinrara opting for a smaller condo unit. If Jalil City sold at 600 psf, I am sure many ppl will enter. I know I will.
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Jalil City?

Kinrara already RM 600+ psf without discount, solid and respond too overwhelming. How do Bkt Jalil can be lower boss.

With Pavilion 2 catalyst, 2nd biggest mall in Msia and multi commercialize retails, shop-office and retail podium, cheap cheap also RM 800 psf. I reckon RM 850+ psf with discount. Subsequent phases will be above RM 1k psf.

Even the KR2 & ZR the OUG side benefited within Bkt Jalil vicinity also quite overwhelming responses at RM 500-550 psf average.

If Jalil City at RM 600 psf, I also will buy without a thought. Lol. Cheaper than KM 1 West and East.
yunalesca
post Oct 10 2013, 03:54 PM

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Skywing1981
post Oct 10 2013, 06:38 PM

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QUOTE(yunalesca @ Oct 10 2013, 03:54 PM)
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thought this was sold out?
wil-i-am
post Oct 10 2013, 08:51 PM

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QUOTE(Skywing1981 @ Oct 10 2013, 06:38 PM)
thought this was sold out?
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Left few units at corner n higher floors oni
Skywing1981
post Oct 11 2013, 11:05 AM

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QUOTE(wil-i-am @ Oct 10 2013, 08:51 PM)
Left few units at corner n higher floors oni
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thanks for the update smile.gif
kochin
post Nov 8 2013, 12:09 PM

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what's the psf for the remaining units?

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