I’ll just correct that and say my opinion alone doesn’t matter as I was after an investment grade own stay place. I sought consensus by approaching these forums and I’ve continued yapping on here since.

I’d seen enough project showrooms to roughly understand what I like. But it was important to get insights from people who knew about the history of the area and all the stuff I didn’t know. My criteria is doubly hard because it has to satisfy me as well as be a viable investment.

The fact that it had sold so quick in a pandemic gave me some confidence alongside my research. I’ll let the other owners articulate the pros but it’s acknowledged to have broad appeal. I took this purchase very seriously so I encourage others to do the same.

This post has been edited by Cavatzu: Aug 27 2022, 05:45 AM

If it’s too perfect then it wouldn’t be this price. These are minor quibbles though and we still don’t know how much PNB will upgrade the facade of Jalan Maharajalela yet. There would be some effort to improve the surroundings but we just don’t know to what extent.

They sent out a notice that they could delay by up to 150 days due to Covid so Q1 2025 is the likely time frame. But Sunway are notoriously quick so it just depends on their resourcing on labour, materials etc.

Most buyers aren’t concerned as it gives 118 enough time to get themselves off the ground.

It can be both. Just state whether it’s SPA or nett price but usually nett is the reference. Then divide it by your unit square footage.

Sunway was advertising with nett figures which is quite odd from what I’ve seen.

This post has been edited by Cavatzu: Sep 2 2022, 09:00 PM

Fantastico price. Well done! Must be Tower A larger size.

Over 100 psf more for Tower B type B. And the ultimate price would be Tower C type C where it’s touching 1k psf.

Almost a 300 psf difference from cheapest psf unit to the most expensive one. Are there any other developments with such a wide range?

This post has been edited by Cavatzu: Sep 3 2022, 03:15 PM

We discussed this briefly before but we didn’t know if they might proceed with the purchase yet and what their target market is.

Price of the land for Eupe is about RM 596 psf. Where as Sunway is over 800 psf. The main caveat is that it’s leasehold, need 30% affordable housing and no or limited view premium. They will go head to head with Sunway’s pricing I reckon. But they will come further down the road by at least 3 years after Sunway VP.

For those wishing for gentrification in the area then the increasing population mass is necessary. There’s no peep from the other 2 taikor projects. In that sense, there’s some synergy besides the fact that Eupe does make nice buildings which shouldn’t ruin the aesthetics of the area. I’d be worried if Mah Sing came in.

Sunway is catering to own stay family size mainly. Don’t know what Eupe will do but if they cater to investors with smaller sizes it’d be complimentary once again with come overlap.

I don’t think any buyer thought they’d be a special snowflake and exempt from competition at these prices. Sunway will screw Opus just like Eupe might screw Sunway. Even then it’s marginal, how much lower can they price their development? 600 psf or less? Mind you their location isn’t that great fronting Jalan Istana completely and they need to subsidise rumahwip in this development.

If the area is truly ong then there’s room for all. As you can see from previous responses, most still feel they got a good deal from this.

Sunway seems to have a lot of own stay. You never know with these things until vp. I’d consider it a win if you have 50% own stay. Then just have to bide your time until 118 becomes ong with a bit of a head start over Eupe.

No it doesn’t. Maybe the type C facing east might get it a bit. It’s just east of Tower A bounded by Jalan Istana and stretching all the way to Kuen Cheng.

What do you mean? We know which plot of land they intend to buy. It’s conditional so they may or may not go through with it. Though it seems shareholders have approved it.

You can make an educated guess from the pic I linked. Their land profile doesn’t really impact Sunway. It’s a long narrow land like Skyline - there’s really only one optimal way to build.

This post has been edited by Cavatzu: Sep 4 2022, 10:01 PM

Indeed. They haven’t really priced themselves on the low end of the market. They’ve gone squarely for the mid to upper mid range segment. As they complete more projects and get noted for their design capabilities akin to Exsim in the early days they could price themselves at a more premium level.

Your main concern is the big round land in the middle. That’s the Tradewinds land and they are meant to have a massive development but you’d be a fair distance from it so it’s not too bad.

We’ve heard all sorts about the plot directly in front and it’d be a real slap in the face for anyone who paid the view premium myself included. It is gazetted as a hospital under KL2020 plan so who knows? The real landowner is Red Crescent Society.

Have to chop and change their plan or simply choose not to release anything yet. There’s so many massive commercial projects going on between the 2 massive towers, BBCC and KL Metropolis ( I’m missing out on many smaller scale things coming online too). Simply too much to be absorbed in a short period and on the back of a recession.

This post has been edited by Cavatzu: Sep 5 2022, 07:57 PM

Perhaps you’re right. I don’t know what would work here. The OG plan was the typical atas shopping mall flanked by high rise, offices and hotels. Don’t think that works now. But then that might mean all units which is also worrying.

Their land cost is only 485 psf. Can do a lot of things.

This post has been edited by Cavatzu: Sep 6 2022, 08:56 AM

Na. Expected completion for Sunway is early 2025. I don’t think they’ll discount their stock and instead progressively remove rebates since they’ve sold so well. Only building available is Opus and it’s pricey.

This last block is their profit margin already unless they are still clearing units in the first 2 blocks of which there aren’t many. About 2.5 years to clear off maybe 300+ units won’t be too hard.

That means around 90% sold of the whole development with over 2 years to go till completion. That’s a really good position to be in. The big Tower C units with views might just be a little hard to swallow is all.

Tower A was the loss leader. B is to breakeven and C is the profit margin. Solid sales strategy.

A is definitely the best value buy.