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Investment SUNWAY BELFIELD RESIDENCE KUALA LUMPUR, Sunway gearing up for 2020 New Launch

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Cavatzu
post May 25 2022, 07:45 AM

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QUOTE(Babizz @ May 25 2022, 07:34 AM)
Not welcoming since this is pure residential + affordable housing. Only more competition for SB buyers. Especially those that purchased at sky high prices.

Eupe has priced it's novum more than the surrounding condos so this one could be 850++ psf although leasehold?

Plot of land is smaller than SB which is 5.43 acres.
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Wouldn’t be too worried yet. This would only come online maybe 4 years after Sunway is completed given that they’re in such a preliminary stage. You have early mover advantage as long as 118 is seen as “hot”

Don’t even know if the Salcon and Tradewind projects would have cropped up by then.

Slight correction SB is 4.5 acres, Eupe is 4.8

This post has been edited by Cavatzu: May 25 2022, 07:49 AM
Cavatzu
post May 25 2022, 04:58 PM

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QUOTE(Snacky1100 @ May 25 2022, 03:23 PM)
Belfield owners already have the early-mover advantages, what are the extra benefits of having Eupe project? Would the extra advantages outweigh the higher dilution, competition, and traffic?
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Na not a benefit to Belfield owners necessarily. But I think most of us have resigned ourselves to the fact that in Klang Valley there’s always the new kid on the block. But if you’re in an area that’s truly in demand then there’s room for all. The land in Kampung Attap is limited after all and in a way serves as spillover from KL Sentral yet also is close to a new attraction too. Eupe’s design skills are no joke: I’d rather them than another M vertica.

QUOTE(Babizz @ May 25 2022, 03:45 PM)
Opus buyers thought they had early mover advantage but look at where they are now.
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They were too early and too pricey. The developer untunged on this one. I think most Malaysians are very wary now of anything above 1k psf. The units that sold at 1500 psf really hai lat and I’ve personally seen the build of the units and don’t think it’s worth that money. They kept on harping about how much cheaper they were compared to KLCC. Sellers will always win with ignorant buyers.

This post has been edited by Cavatzu: May 25 2022, 04:58 PM
Cavatzu
post May 27 2022, 07:03 AM

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QUOTE(Babizz @ May 26 2022, 06:16 PM)
6pm at bukit bintang monorail.

Message to all the monorail haters saying the monorail won't help Belfield at all.

My view on the monorail:

I take the monorail sometimes and it's nothing like how some forumers describe it. Wait time is around 10mins max during peak hours. From Maharajalela it takes 5 mins to KL Sentral, 7 mins to Bukit Bintang, 9 mins to Raja Chulan and 12 mins to Bukit Nenas. I've never not been able to enter the monorail in recent times.
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Good progress on tower A.

I do maintain that there is some convenience to this location not right at your doorstep but between the monorail and Pasar Seni hub, it’s definitely covered your bases. Merdeka one might be a more pleasant walk - we’ll see.
Cavatzu
post Jun 4 2022, 04:19 PM

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QUOTE(Kiding @ Jun 4 2022, 12:07 AM)
That was 2008 plan. the land was bought by Salcon in 2013
https://www.salcon.com.my/Our-Businesses/pr...rty-development
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Sunway Belfield is noted on there. This is a fairly current plan. Feeling relieved now for paying for the views.
Cavatzu
post Jun 5 2022, 03:45 PM

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QUOTE(divineternal @ Jun 5 2022, 03:39 PM)
Yes, I think few units left for tower B and about 30% left for tower C.
I took tower B type D with facility views, as I worried the views facing 118 might be blocked later on.
Nett price is around 860k
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This is a very good and practical layout. Well they all are with subtle yet tangible differences. Product differentiation at its finest.
Cavatzu
post Jun 6 2022, 09:16 AM

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QUOTE(maximushiglander @ Jun 6 2022, 08:15 AM)
Before this i decide to buy sunway velocity 2
In term of shopping mall, mrt
Perfect.
But it come to supply. Very scary
In future, supply will exceed more than 10,000 units
That’s why i finally choose sunway belfield
Too much room to get spillover effect from pnb118
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My understanding of the Velocity area is that it was very geared to Mainland Chinese. Is that still the case? Even the Sunway reps mentioned that this project was quite overpriced for back in the day. It’s fine if you truly want heaps of convenience at your doorstep. Wouldn’t call it a particularly aspirational project given it’s price though it’s practical.

Belfield is hard to pin down. It’s not truly convenient but it’s close enough to most things.

This post has been edited by Cavatzu: Jun 6 2022, 09:18 AM
Cavatzu
post Jun 7 2022, 07:32 AM

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QUOTE(maximushiglander @ Jun 6 2022, 03:47 PM)
bought for own stay, ok
If for investment need to think twice at maluri area
Do your own due diligence
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I’ll say it again. Even if it’s a home, capital value needs to at least be preserved. Try telling this to poor saps in Cyberjaya or Sungai Buloh that lost half the value of their home in the blink of an eye. All these green field area developments asking for the same prices as established areas like PJ or Taman Desa.

The true own stay products are landed, jumbo units or super exclusive units. Everything else mid range or lower should be viewed as an investment product because that’s what the market is flooded in.

The sting is worse when you know you’re paying an ongoing mortgage on something that has decreased substantially in value. It’s a noose around the neck when you’re better off renting. Don’t forget GFC 08.

This post has been edited by Cavatzu: Jun 7 2022, 07:42 AM
Cavatzu
post Jun 11 2022, 04:10 AM

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QUOTE(maximushiglander @ Jun 10 2022, 05:38 PM)
Maybe buyer like that area.
In term of facility
That’s why they justify with that price
But for investment, many other option right now
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No they were sold that area. But water fish buyers only have so many chances in life.

Many people do not understand the fundamentals of what gives property value and sets a price. I can give you full marble toilets and gold leaf walls in Kuala Selangor, does that means it justifies 1k psf for that area?

The many choices are not investments they are traps. Buy wrongly and you’re putting a real dent in your wealth accumulation goals.
Cavatzu
post Jun 12 2022, 06:07 AM

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QUOTE(Maiiyowei @ Jun 11 2022, 11:50 AM)
For better rental yield, better choose leasehold, bcoz lower entry price compare freehold.  Freehold can enjoy better future appreciation? I don't think so . 2 bedrooms, almost 700k. For future appreciation, better buy landed, but rental lower.  High-rise die die die for rental and future appreciation price. Even bank have value, but market don't have the price
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This project is freehold in CBD area for 700+ psf by Sunway. Where to find? Leasehold or freehold is not really important for high rise as long as the price is cheaper but it helps marginally in a subsale scenario.

QUOTE(maximushiglander @ Jun 11 2022, 02:21 PM)
U need to know what is spillover effect
That is happen when bangsar price to high
Development & people choose
Bangsar south for other choice
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Opus is a good litmus test for when 118 opens. They’re really struggling now at almost double the psf of Sunway.

This area is sandwiched between KL Sentral and Pudu. There’s some potential as long as it’s cheaper than either areas.

This post has been edited by Cavatzu: Jun 12 2022, 06:29 AM
Cavatzu
post Jun 12 2022, 02:15 PM

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QUOTE(maximushiglander @ Jun 12 2022, 12:30 PM)
Their price already wrong
They offer future price
Buyer will struggle to keep their unit onwards
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It’s really future * 3 pricing since 2015. I don’t see why Sunway can’t compete with it even for short term given how much cheaper it is. Opus has very poor frontage and is very noisy.
Cavatzu
post Jun 13 2022, 06:20 AM

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QUOTE(Snacky1100 @ Jun 12 2022, 01:03 PM)
I would pick a property with more family own-stay buyers than Airbnb-investment buyers any day man. Organic residents are always better at taking care of and growing the surrounding community than come-and-go tenants. This will upkeep the property appreciation more in the long run.
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Let’s agree that this development has ticked multiple boxes. An own stay property that is potentially investment grade at a fair price albeit dense in a strategic location.

Even if it fails, I’m happy I got a place to go eat excellent curry mee, wanton mee etc and hipster kopitiams.
Cavatzu
post Jun 15 2022, 06:37 AM

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QUOTE(Najibaik @ Jun 14 2022, 07:49 PM)
lets see how much can bank value go when vp smile.gif
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The saving grace is you have early mover advantage. These new projects haven’t come online so you’re looking at least 5 years down the road. Sunway should be ready in 2. You’ll have a few years of minimal competition except amongst fellow owners.

If you look at Opus, then it takes them 10 years to recoup their initial investment not counting the opportunity cost based on your timeline. By then the product has aged.

This post has been edited by Cavatzu: Jun 15 2022, 06:40 AM
Cavatzu
post Jun 15 2022, 08:47 AM

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Typo

This post has been edited by Cavatzu: Jun 16 2022, 01:56 PM
Cavatzu
post Jun 26 2022, 07:18 PM

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QUOTE(DragonReine @ Jun 17 2022, 08:40 AM)
IMO extremely different products, cannot directly compare.

Belfield
- Higher density >1k units, likely to be lower maintenance fees on average than Alishan
- Very near city centre but not directly linked to mall
- Unit sizes are smaller, cheaper total unit price
- Near monorail which is not the best public transport around tongue.gif
- More appealing to urbanites who want to live in close proximity to city centre or work in the nearby area, and don't mind the modest size units.

Alishan
- Low density, based on density and facilities it's very likely to have high maintenance fees
- More on the fringe side of KL so it's a bit quieter, surrounding area is mostly residential
- Very big units, total cost per unit is going to be higher (and total maintenance fees also, because bigger total sqft per unit)
- Current retail price of Alishan is easy more than 10% higher psf compared to nearby properties, very expensive
- Nearby mall is not a fully matured mall, but can get groceries and daily use things very easily.
- Near MRT also (mall direct link bridge to MRT) so quite convenient public transport if you use
- The offered furnishing package very fancy
- Target market are bigger families (multigenerational) with bigger budget.
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Good analysis. I actually hope they don’t finish quicker than they should to allow time for things to pick up and recover.

Any large infrastructure project needs time to establish. Heck you can look at Shanghai Tower vacancy rates.

Cavatzu
post Jul 17 2022, 06:54 PM

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Interesting. Over 1500 psf with a $15k Reno. Don’t think that quite resonates with the target audience.
Cavatzu
post Jul 18 2022, 06:49 AM

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QUOTE(wotpian @ Jul 17 2022, 09:14 PM)
Eko mall maybe not, but Leisure mall quite mature already. Many cheraskia love to shop there. There even has some shops can't even get in big major malls. Shoplots outside leisure mall also already really mature. Surrounding leisure mall greenery alot better than 10 years ago.

For Belfield, Petaling Street could be game changer, surrounding Petaling Street has become really vibrant and energetic after many old vintage shops get refurbished and back alley has did alot upgrade. Many local young people love to go there now.  Not the old apeks and bangala ayamas place already.
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That’s what I’ve been saying. The southern end of Petaling St has really evolved into a fnb destination which attracts young adults and tourists. My goal was being able to walk home after binging in one of the many speakeasy’s in the area.
Cavatzu
post Jul 23 2022, 03:46 PM

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QUOTE(elimi8z @ Jul 21 2022, 07:43 PM)
» Click to show Spoiler - click again to hide... «


Wah, unker, huattt ahhhh
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Lol. He’s pretty gung ho isn’t he? If the video is anything to go by, there’s a broad cross section of interest - from mature investors, mid career own stay and the more privileged gen Z.

Then again could all be actors but I doubt it.

This post has been edited by Cavatzu: Jul 23 2022, 03:46 PM
Cavatzu
post Jul 23 2022, 09:08 PM

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QUOTE(elimi8z @ Jul 23 2022, 07:32 PM)
Given his age, if rugi also won't affect him much 😂
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Won’t really rugi la. How also this is a CBD property with a lot of boosters coming online. It’s maybe slightly above the median price of new projects. If you paid double of that like Opus then yea it’s not good.

When Sunway comes online, Opus will really have to scramble hard to justify rents that are over 50% more.

Opus is pretty much next to monorail but the entrance experience walking is not nice at all.

This post has been edited by Cavatzu: Jul 23 2022, 09:09 PM
Cavatzu
post Jul 24 2022, 06:47 AM

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If you remember where the Sunway showroom is, the entrance to Opus is just on the same block. If you also remember, there are narrow walkways, abandoned shops and homeless people lying around.

I should think there would be some rejuvenation here once 118 is finished. Just need a few fnb joints and/or service providers to improve this area.

The Kampung Attap flats across the road from Sunway will be an arts precinct.
Cavatzu
post Jul 24 2022, 08:48 PM

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QUOTE(Snacky1100 @ Jul 24 2022, 03:17 PM)
OPUS is about half a distance for both displacement and possible walkable routes when compared to Belfield. I am measuring from the monorail station to respective residential lobbies.

Direct displacement from Monorail
Belfield = ~340m
OPUS  = ~170m

Walkable routes from Monorail
Belfield = ~440m
OPUS  = ~220m

Source ": Google map

user posted image
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Wa calculate Kow Kow. Not that a 200m distance means a 50-100% price increase of course. Well not in my world anyway. Others may differ on that.


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