Alright mate I don’t intend to be mean, I just call a spade a spade. I happen to really like this development too. But I do try to give an objective opinion about pricing and it’s potential. As with all things in life, if it’s too good to be true then it is and you better watch out for what you missed.

Anyone know how to pull up new kpkt data tracking tower C sales?

https://idaman.kpkt.gov.my/idv5xe/98_eHome/...nway%20Belfield seems outdated as it is from over 3 months ago.

There’s some powerful FOMO at work here. Merdeka 118 should open by the end of the year and I’d be surprised if it hasn’t pretty much sold out by then. The only issue is affordability as most of the units are breaching 1 mill SPA in tower C and there’s a lot of them.

This post has been edited by Cavatzu: Apr 23 2022, 05:32 PM

You’ve just described a weakness of the KL property market - that it’s so so reliant on external people/forces. I don’t disagree at all and I’d ask people to take an overall look at their wealth risk profile. If you already have so many units in the KL market, does it make sense for another? I’m a Malaysian who was based overseas for a long time then kinda got sucked back into the country due to Covid and was after a good deal so this did sort of fit the bill. Also, I was drinking a lot in the area so it made sense for me 😉

Not that we know. It won’t be visible anyway. It’s a totally virgin piece of land so utilities need to be connected in.

And they can use the phase 1’s facility if they want to 😉.

All in all, Sunway did well in their pricing strategy and no one feels hard done by and still there are buyers seeing value in the latest phase.

I still feel this project is good value compared to the pricier Cheras ones.

This post has been edited by Cavatzu: May 3 2022, 06:26 PM

Aren’t they pushing the cultural aspect for this part of town? It was neglected for so long and it really is a landmark for KL with a lot of character.

If you have the food, booze, sin and shopping - both cheap and high end: you got yourself a tourist hub.

There’s enough product differentiation in views, own facilities to justify price hikes I suppose. Some of the other developments with all shared facilities and no view differentiation also increase prices in later phases. I suppose even if something is built in front, you have like 4-5 years of unblocked views 🙏

I know. We were quite shocked at Tower C prices almost 1k psf.

FYI the type B is around the same psf as the Tower B ones facing 118.

I suppose since reception has been so hot they were being opportunistic to increase prices.

This post has been edited by Cavatzu: May 6 2022, 06:26 PM

He can’t rubbish a project that’s still selling too much. That’s just part of business. So even if he did it, it would be with a soft tongue.

I’d say so. To roughly sell out over 1k units out of 1.3k (approximated and not up to date) units in 1.5 years at a very unfortunate period with an upper middle price tag seems to be a bit of a feat. To not have completed unsold units nowadays is going to be a challenge for most developers.

But then there are certain very high dense and cheaper developments that “seem” to have sold out too. Everyone’s hunting for a “bargain”.

Being around half the psf of this is still very good then for Sunway. Can be a solid mid tier city unit. Just hope that there’s no co living shenanigans.

Power figures. Tower C sales is a surprise. They can just raise prices now and no one would bat an eyelid.

Is there more recent info? Was hoping things might change due to KL2020 plan proposing the site in front as a hospital.

This was my source back in March.

The land is owned by Bulan Sabit Merah so no one would know what the deal or agreement was subject to development controls as well. It is zoned public institutional so it’s not as if a developer can just build whatever they want. But then again this is Tai Ma.

Secondary issue was that there was pretty substantial lease decay at this point - ie. less than 70 years for those plots of land. A leasehold period of circa 70 years just would not work for a new build unless it’s refreshed or something else is done.

When it’s your vested interest on the line, it’s amazing how much research one does 😂

This post has been edited by Cavatzu: May 16 2022, 01:13 PM

The area highlighted in blue fronting Jalan Istana? Ah well this is the “hot” area after all.

You’re surrounded by 3 major roads of course it’s busy. But in its current state it does feel like you’re slipping into a nice green enclave much like Damansara Heights. Hope they don’t get rid of too many of the trees.

Poor Kuen Cheng gonna be dwarfed by so many buildings.

Tower C west side will get a bit more noise exposure.

Looking at the Bursa announcement for Eupe, there’s 30% affordable units. Ouch some serious competition.

This post has been edited by Cavatzu: May 24 2022, 07:31 AM

So far Eupe hasn’t been pricing their developments cheap like some others. Be interesting to see what they do, if they can pull it off at around 700 psf then still will have buyers.

Plot ratio 8. Same as Sunway. You’re looking at least another 1.5k units here. More if they do more studios and 1 bedders. Likely strategy I’d take as the land orientation isn’t too desirable. And they gotta provide rumahwip as well.

This post has been edited by Cavatzu: May 24 2022, 08:34 PM

If you want the gentrification effect then you have to accept that critical mass of people is needed to justify those decisions so more building is needed.

Unlike developers building thousands of units in Old Klang Road or Cheras etc trying to convince you it will be convenient, this is an actual place that will become a centre of gravity. There is value in that.

The older plans for the Belfield area was to build office blocks. I think that’s redundant in this day and age, developers are better off with residential, commercial and hotels for this area imo.