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Investment SENTUL VILLAGE (PHASE 1) | SENTUL POINT (PHASE 2), By UOA Group. Another big project.

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euloy
post Apr 30 2015, 02:45 PM

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I went to the Jalan Pasar Sentul. So many development there. I wonder how can such small road be able to support the future growth at that areas.
euloy
post May 1 2015, 10:52 PM

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QUOTE(rickygoh98698 @ May 1 2015, 09:50 PM)
Updated sales chart
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WOW, Is this consider a norm for a project to get all its units 100% sold off before project complete?

How about the retail of Sentul Village? Also sold out?

This post has been edited by euloy: May 1 2015, 10:54 PM
euloy
post May 14 2015, 04:22 PM

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QUOTE(butthead76 @ May 13 2015, 04:25 PM)
hahahah...use kapchai loh.... rclxms.gif
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I am not Sultan. I don't use kapchai.
euloy
post Jun 2 2015, 08:05 PM

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QUOTE(Giant @ Jun 2 2015, 06:54 PM)
the AEON shopping centre still no news at all...
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Ya. We heard many rumours about Aeon. But, can anyone confirm?

euloy
post Jun 2 2015, 08:09 PM

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QUOTE(Giant @ Jun 2 2015, 06:54 PM)
the AEON shopping centre still no news at all...
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Ya. We heard many rumours about Aeon. But, can anyone confirm?

euloy
post Jun 5 2015, 04:50 PM

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QUOTE(mchjkl @ Jun 5 2015, 04:32 PM)
Phase 1 still have units? If not, is phase 2 opened for sales yet?
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Ya keen to know about this too. Pls pm
euloy
post Jun 18 2015, 09:22 PM

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QUOTE(jhuitan @ Jun 18 2015, 07:56 PM)
Will the shopping mall opposite sentul village call off? No official announcement at all, any idea?
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I think if there is really a confirm mall in front of desa sentul, the price wont be so cheap dy.
euloy
post Jun 21 2015, 12:36 PM

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QUOTE(jhuitan @ Jun 21 2015, 12:31 PM)
The sales agent keep on promote this project with link bridge to the rumors mall, have they get any approval with DBKL yet? Any punishment to the sales agent if no mall in future?
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I don't think any agent can guaranteed you on that. But, given the price, this is a good bet. But, if anyone can give more information, this is going to be more encouraging. The phase 1 will be completing in 2017 but all units sold by 2015. This already explain the potential of this properties. Many smart buyers nowadays.
euloy
post Jun 21 2015, 01:02 PM

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QUOTE(jhuitan @ Jun 21 2015, 12:49 PM)
Do you believe it sold out? There is no any condo 100% sold out nowadays!
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Want to know whether is all sold out, is very simple. Just call UOA and tell them u want to buy phase 1. U see if u can get a unit. 苏州过后, 无艇撻。
euloy
post Jun 21 2015, 01:39 PM

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QUOTE(jhuitan @ Jun 21 2015, 01:30 PM)
I have read it but still got many different agent selling the 948sf unit in iproperty
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Just give a try by contacting the agent and ask for phase 1. Most likely they will take your contact and tell you to wait for phase 2. They even abolished their show unit because is fully sold. Whether they keep some units for resale, i still think the property is quite potential due to the over whelming response.

Try contacting some of the other agent of the new development there. They will also tell you that Aeon mall is going to be there. So, is not only the agents of UOA that are blowing water. Everyone is blowing water. Haha
euloy
post Jun 21 2015, 02:50 PM

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QUOTE(jhuitan @ Jun 21 2015, 01:44 PM)
Without solid proven, ask them blow Pavilion Sentul will build over there better!
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This is exactly the point. If they want to bullshit, they can bullshit about sth better. If everything is so confirmed, u think u can get at that price. The mall is not the only reason you see to choose desa sentul. The mall is only a plus point if the mall really can make it, the price of the property will shoot up. If the only reason you buy is because of the mall, pls dont buy. Buy the one that already nxt to a mall. This is more promising but of course the profit wont be that good any more. When there are uncertainties, there are great opportunity.

euloy
post Jun 21 2015, 05:42 PM

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QUOTE(jhuitan @ Jun 21 2015, 03:15 PM)
They already sell the price with the so called "mall" without any solid proven. For this price, buy Zen Suites Zeta Park better, everything downstairs, semi furnished also!
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To me and as of now, any freehold property that is around 500 psft is acceptable, not to mention about its location, its short distance to the KL city and branded developer.

Of course, Desa Sentul is not the best property in town. If anyone can find any property that is less than or around 500 psft and located in good location, pls share it with us here.

Diff buyers have diff buying purposes and investment strategies and risk tolerance. Since the property market is slow now, the buyer has got plenty of options to go with and ample of time to choose the most suitable property for them.

I heard that the market is really slow now, and market might slump any time. Everyone is waiting for that moment b4 entering the market... But, if everyone is waiting to enter the market, will the market slump?
euloy
post Jun 21 2015, 07:37 PM

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QUOTE(chocotop @ Jun 21 2015, 07:36 PM)
Try get one 1000 sqft with price still 500k plus in zetapark. I would like to buy. And u haven't see the workmanship in zetapark . I just helped my friend painted their house. The sales agent for zetapark also bought an unit and but launched a petition against the developer due to poor workmanship. Of course UOA has this risk too, eg. Setapak green. But really hard to find 500k plus near KL now and freehold .
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Zetapark is leased hold and if not mistaken, is under commercial title.
euloy
post Jun 22 2015, 11:18 PM

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QUOTE(chocotop @ Jun 22 2015, 11:12 PM)
They did say it wasn't confirmed. Just a proposal. It is up to the buyer to decide and think wisely to buy or not. There are other factors other than the mall, eg. Location, title , density, floor layout, house layout, nearby amenities , traffic, easy to get loan (well known developer), flexi option down payment, discount, neighbourhood, facilities, management fee, etc . Should not only focus only on whether the developer got propose any mall or not. Some people might not hope there is a mall as this attract traffic. One hav to think carefully before start an investment/buy for own stay that suit their appetite or needs. U should start searching for one , if can not afford to buy now at least aim for it if u really wanted a property. Or some people they don't even want to be bonded down by a loan commitment . Up to u.
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Actually, this is what I heard. Aeon already bought the land opposite desa sentul. I guess this is where all the rumours come about.
euloy
post Jun 23 2015, 11:25 PM

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QUOTE(chocotop @ Jun 23 2015, 11:03 PM)
There is good and bad about the balcony. Well , u throw back the question to me again. This is a pushing game or what. Seems like u r not only against the sales agent but also UOA . I list down 5 pros , there are always 5 cons of the same side that u will highlight. Don't waste my time.
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As a owner or tenant, I prefer to have balcony. Yes, it doesn't look good to have all the clothes hanging, but it is so much practical to have a balcony for hanging cloths or smoking.

I don't mind to share what I think is good about desa sentul:

1. Located very close to KL city. Good for attracting tenant who needs to live near where they work. Price around rm500 psft will allow me to rent it out at affordable price.

2. The only or few freehold property among all the developments around that areas.

3. Branded and experience developer. So, no worry on poor management or even project delay or incomplete project.

4. Easy access to all major highways

5. Very near to KTM and LRT station although not within walking distance.

More importantly this projects are 100% sold way before its targeted completion in year 2017. This already proves its value. Believe it or not is one thing. But, i know some UOA projects that are still not fully sold even its completion is by end of this year. Couple with other uncertain factors such as the one mentioned earlier including possible aeon mall makes it a possible jackpot

euloy
post Jun 26 2015, 10:38 AM

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QUOTE(lexusss @ Jun 26 2015, 09:47 AM)
+1  thumbup.gif 
but i just skip his/her comment after a few post.
everyone has different view. no point arguing.
he/she might right. or could be wrong. (i am happier to see if is wrong)
there is no need to "put money into his/her pocket" like the cantonese saying goes.
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Actually, one of the thing I like about this forum is to listen to the different view of each person,particularly the bad ones so that we can learn sth.
euloy
post Jul 26 2015, 07:30 PM

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QUOTE(addison250 @ Jul 26 2015, 11:07 AM)
kiv
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Phase 2 KIV?
euloy
post Sep 6 2015, 10:22 AM

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I think many new project now kiv, including phase 2 of Sentul Village, due to rise of the price of raw materials. Thanks to the poor government.
euloy
post Nov 10 2015, 06:39 AM

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QUOTE(Endless_tale @ Nov 9 2015, 10:15 PM)
Haix..  even 1 sentul can reach 600k also hard to sell lar if me i would buy new launch cox no need to pay 10% and legal fee and loan legal stamp duty as well..property price has slow down. job also dont know can secure or not for the next few years due to poor economy in Malaysia and currency issue.. =*( those property goreng  until so high sure will drop 1 day.For new development i think impossible to drop due to material prices are high..
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The price of new property wil not come down for the fact the that price of raw material is going up. But, i believe that the price will not increase significantly because no one can aford to buy. In order to gain more potential buyer, developer is building smaller and smaller units. This smaller units are from 300plus sft to 600 plus sft studio type room. They are suitable for people who is single but definitely not suitable for anyone who wish to live with a family of 3 to 4. This is when they will start considering Desa Sentul. smile.gif

Another gòod thing about desa sentul is that it is near the center of KL. This means is easier to rent out to anyone who work in KL. You need to make sure someone pay for the loan for you while waiting for the price to goes up before you take your profit right?

So will price drop for older property? Even if it will drop, i dont think it will drop significantly.. 10%? 20%? Dont dream that it will drop 50%! Even it drops 20%, do you think the owner will sell at 20% cheaper if they have no financial prob? If I managed to find a tenant, I wont bother about the price drop. I will hold the property for abother 5 to 10 years. By that time, you can imagine how exp our property can be. A price increase of 5 % per year is 50% more exp after 10 years and if price increase 10% per year, it will be 100% after 10 years. I give you one example, if Mr A owns a condo where he has settled full payment in less than 5 or 10 years. Will he sell his condo 20% cheaper compared to market price? If he has no financial prob and he has a tenant paying him rental every month.

Although we always heard many people saying that they cant afford to buy property but there are still many rich guy out there who is still looking to buy more property for investment. Is just that you dont know them and they are not telling everybody they are rich and owns so many property. Market crash or slow does not create any impact to this people.

This post has been edited by euloy: Nov 10 2015, 06:42 AM
euloy
post Nov 12 2015, 11:33 PM

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QUOTE(Endless_tale @ Nov 12 2015, 10:22 PM)
Yea.. you are correct the property price will not drop significant maybe now the market price per sqf is Rm600 , during economy down around Rm570-580 depending how serious the economy situation in Malaysia.

You are correct that people may not sell their property if economy is bad but the problem is not much potential buyers in this market maybe other issues like living standard increase,toll rate increase, foods or other but salary remain the same.. These few days majority the market share price dropping... How these peoples can survive if work with the organisation?if become a boss then fine. If let say unemployment and that time no body hiring ppl? This century is unlike last time. Degree holders or professional like Acca, IR,profesor and other type of peoples are a lot,

No matter how bad the economy like last time(1970-2000), the employers still need them since these candidates are less and not much degree holders during 1970-1990. Now? What wrong?Degree holders fully of flood in KL. What will happen to Boss concept is like that. Hiring somebody can perform better and with low pay scheme.. Even now fresh students come out work for 3 or 4 years also hard to buy a house unless rumah mampu milik(Rumah Wip)

A fresh student with Rm2.8k (consider average)
After deducted Epf and socso, the net would around Rm2450

Monthly expenses:
1) PTPTN -The biggest issue is PTPTN, you know what will our govt do if dont pay. (RM350)
2)Petrol (Rm300)
3)Necessity(foods etc) ( Rm10 x26=Rm260)exclude dinner
4)parent allowance(Rm300) depend on you whether pay on you pay or dont pay.
5)entertainment(Rm400) weekend-8days
Total monthly expenses:Rm1350

Net: Rm2450-1350=Rm1100

How to pay monthly installment housing loan?
If let property in KL RM420k after rebate everything until no need to pay the 10% during spa time.
Borrow Rm420k from bank and monthly installment pay approximately Rm2100 for 35 yrs.

My major concern is how these fresh graduate students or those who work for more than 3 or 4 to buy with this price? Majority potential buyers will around age 30-45 in this market.

I work in a developer company. Most of them loan rejected because of their spending power is too narrow or commitment is high or some even signed their spa then after 2 yrs withdrew their purchase due to the failed to pay first 20% money after when they have promised to borrow 80% from bank. All of their money forfeited by developer. The worst case got 1 buyer purchased 2 or 3 units then their boss fired him. What he paid to developer all have gone around 50k.. im not lie. . Im telling the truth and not creating story..
It is good if able to pay the loan if cant then wanna sell in market but supply more than demand during economy down. That time what the purchasers have invested will gone. Bank will take over the borrowers property due to failing to pay existing loans.

I have bought a condo in jalan ipoh and i have rent it out for more than 4 or 5 yrs . Im not even to think to increase their rental fee. They might move away and look for cheaper rental.
So if buy for own stay in this project around rm600k consider cheaper since it is near to klcc or some other points.
If buy for investment. It is not a good idea. Cant even cover ur loan if rent it out.

Even i also waiting for Sentul village phrase 2. =)
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Yes, you are right that fresh grads will not be able to buy property. Most of them wiill invest in a car or motorcycle first in order to travel to work. They are just the potential tenants. Since, they cant afford to buy during their first 3 to 5 years of their working life, they will still need a place to stay. Sharing a 3 room condos with other housemate is still affordable. But, i think the supply is more than demand now in view that more and more residential projects are launched. So,competing with other investors for tenants is really tough. Sometime,you really need some luck in order to get a tenant, not to mention a good tenant.

Most people have to buy a property when they get married. They will most probably choose a min 3R2B property and apply loan together with husband and wife. I think 700k for a 3R2B is still affordable for them with combined household income. That is equivalent to applying 300k loan per person.

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