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

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Babizz
post Dec 18 2020, 04:25 PM

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QUOTE(SPHead @ Dec 18 2020, 02:11 AM)
Type A heard mostly from staff or BA first choice. Investment

Can any taiko n guru share beside 118, any other excitement about this project?

For surrounding of it, Tradewinds all projects like on hold, nothing yet in progress. In front sunway belfield facing 118, one small piece land under sunway also?

Will this target tourist only? If Own stay beside school behind wat factors can lure ppl move in here? Family friendly own stay factors
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I believe many of those who gave their cheque early got a chance to snap up units early today.

I think the main pros here is the proximity to 118, monorail, Chinese school, KL city area and low price from a tier 1 developer.

Understand many people are buying for ownstay also.
Babizz
post Dec 18 2020, 05:30 PM

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QUOTE(propertyowner @ Dec 18 2020, 02:18 AM)
No surprise la.

Type A below 20th floor already booked in past weekend by the staffs. Not many also it just 44 floors x 2 units for all. Above 20th can see cemetery already. And car park at 8th floor.

Then public usually just take up the remaining of C or E which has the tiny views of  PNB118.

Also please note there are no obligation or penalty for cancellation also, after paid 10k.

The rests, would still need some efforts to clear.
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There were a handful of type A units below level 20 in the morning. These are open to the public. a lot of the sunwai staff bought various sizes for ownstay.
Babizz
post Dec 18 2020, 05:56 PM

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QUOTE(SPHead @ Dec 18 2020, 03:45 AM)
Compare to velocity 2, even better location for family got school, walking distance to few malls, close to trx, ikea and walking distance mrt. Price about same also

Hot are those 2 bedders now. But look at the design n facade sunway like target own stay buyer

But agree to you 118,monorail, good chinese school, sunway. Tempting wei 😋...
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Velo 2 early bird price is much much more than this. For investment velo maybe easier to rent out. Here no commercial or mrt/lrt within walking distance.
Babizz
post Dec 18 2020, 11:58 PM

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QUOTE(propertyowner @ Dec 18 2020, 08:35 AM)
Please note those are with not ong numbers like 164, 174, 153A.. even staffs don't want it..

And again all bookings r without obligation/penalty for now, it can cancel anytime (given a month to sign SPA) with change of mind..

If you observe total staffs booking vs their employee size, you'll find out this project generates much lesser interests if compared to their recent projects like Sunway Geo Residence. Guess due to Covid ppl tend to be more prudent..
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But even 18-03 was available. And Many 3A units were picked up by staff or earlier buyers above level 20.

Guess they are not afraid of potential tenants concerns. The future blocks type A will be facing into this block. Can consider for those thinking of this belfield.

Actually for those investing in the higher units for both type A and type D, believe it could be for ownstay??

Anyway anyone wanna buy can PM me and we split referral fees!

QUOTE(propertyowner @ Dec 18 2020, 08:36 AM)
Got. Walking distance to monorail, which is just 2 stations away from KL Sentral.
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But the monorail is nothing like the lrt or MRT. It used to be really terrible. However, I just took it yesterday at 7pm and the wait time is much shorter than before. However the real concern with the monorail is how it's very small and you'll have to wait for people to get off. This is the 3rd station into the city and people rarely get off here or in tun sambanthan.

This post has been edited by Babizz: Dec 19 2020, 06:44 AM
Babizz
post Dec 19 2020, 07:00 AM

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very good sales for a low key preview!

What would the investment prospects be for type B? I believe type B is the sweet spot with no cemetery view, 2 carparks n 3 rooms. can target young family with 2 kids.

Truly congrats to all those that managed to hoot a unit! be it for ownstay or investment.


Babizz
post Dec 19 2020, 08:39 PM

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QUOTE(patpatpatpat @ Dec 19 2020, 04:36 AM)
I think block b is a better buy since direct view 118. But dunno when they will launch it. The sales man say the selling price will be 3 to 5% higher then block a.
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The land facing 118 is salcon land. I expect it to be launched late next year. What if it's higher than this belfield?? Even OKR also launching 60+ floor apartment. What more this city centre property.

They will wait for 118 to huat n launch at high price.
Babizz
post Dec 19 2020, 09:44 PM

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QUOTE(DavidKool @ Dec 19 2020, 04:00 AM)
+1

No wonder so many chosen the low to middle floors.
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If you're facing the istana, the view on the low floors will be quite good. Saw the drone shot from the lower floors.

QUOTE(propertyowner @ Dec 19 2020, 06:39 AM)
Based on the sales chart shared earlier, there are about 190 units available, which means 250 units were booked after showcase for more than a year.

So that translates to 56% take up rate.

What's the conversion to sold then (pass loan & sign SPA)?
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Showcase for more than a year??? I thought cheques only opened 2 weeks back. They have been advertising but not much details before this.

Anyone got the sales chart today?

QUOTE(WahBiang @ Dec 19 2020, 07:02 AM)
Salcon also be developer aldy?? i guess take the corner unit then still got some views left, lol...
1.4k units over 4 acres lands, and no commercial nearby??
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This article below is really good on kampung attap.

https://www.theedgemarkets.com/article/unco...operty-hot-spot

There are a few good cafes there like Tommy Le Baker.

Babizz
post Dec 19 2020, 11:01 PM

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QUOTE(ismetheboy @ Dec 19 2020, 08:52 AM)
Good read, any idea where is the belfield crest? Since it says is opposite of PNB118
https://www.salcon.com.my/Our-Businesses/pr...rty-development
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Belfield crest is the plot of land between Sunway belfield and jln maharajalela. If 118 is the centre think of it as the front of sunway is this salcon, right hand side is tradewinds. Only the back(istana) and left side(kl sentral) will surely be unblocked. This is also one reason why unit 6 is very well taken up.
Babizz
post Dec 21 2020, 07:18 PM

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Very quiet here. How's the take-up rate after day 1? Heard many are busy submitting their loan applications.
Babizz
post Dec 23 2020, 08:04 AM

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QUOTE(AskarPerang @ Dec 22 2020, 01:27 AM)

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Quite a good analysis by this young sifu but very long winded guy. Never heard of sunway leasing.

However he failed to address concerns on

1. Highway noise despite unblocked view
2. High density of 1300 units. Easily half will be for investment and one would have to compete with them.
3. Lack of commercials within walking distance.

The access he shared all confirmed?? Like I can't see how u can enter via the Belfield tunnel way since the tunnel will go straight into 118. Also the egress to jln istana is confirmed?

This post has been edited by Babizz: Dec 23 2020, 08:33 AM
Babizz
post Dec 24 2020, 08:56 AM

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I have checked epbt. No school or anything nearby. Most of the posts are by Sunway. I believe the project by T developer won't happen anytime soon.

Understand a few buyers are waiting for certain high demand units. Some units booked d but sure will have dropout.

This post has been edited by Babizz: Dec 24 2020, 08:57 AM
Babizz
post Dec 24 2020, 11:58 AM

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QUOTE(surf-it @ Dec 23 2020, 08:43 PM)
will the Kampung Attap address eventually be changed to something like Mont Attap? haha
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This is the same thing they said about ekocheras

Look at the place now 😂😂 low yield n low demand got la.

Anyway heard sunwai has revised the package for certain sizes.

This post has been edited by Babizz: Dec 24 2020, 01:13 PM
Babizz
post Dec 24 2020, 03:09 PM

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QUOTE(ismetheboy @ Dec 24 2020, 12:10 AM)
cheaper or higher price? cool2.gif
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Higher la 🤔
Babizz
post Dec 25 2020, 12:57 PM

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QUOTE(johnnyg @ Dec 24 2020, 10:52 PM)
Was at the showroom. Quite a no of ppl visit despite a holiday. Just booked a unit. Location wise in KL and psf I would think reasonable.
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Congrats! What unit u bought? For investment or ownstay?
Babizz
post Dec 25 2020, 03:51 PM

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QUOTE(jufay @ Dec 23 2020, 07:47 PM)
Which type are the high demand?
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Units 3,3a and 6 are very high in demand. The others are scattered la. As some predicted booking after this won't be as swift.

QUOTE(DragonReine @ Dec 24 2020, 05:18 AM)
Really gamble lor. Interest in Belfield is pretty high, and still soft launch only 🤣 RM700 to RM900 nett psf this close to city centre, got a lot of own stay and investors both fighting to get good units, even if the surroundings currently not great. It's not overpriced and stayed within the price that Sunway first proposed in 2019 to newspapers, so many investors and buyers who been following property news would already be prepared for the prices.
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There's no way the net price can pass 800psf. Good units are indeed in demand.
Babizz
post Dec 27 2020, 04:46 PM

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QUOTE(propertyowner @ Dec 27 2020, 01:50 AM)
School and monorail are walkable. There are local shops too for 7e and old restaurants by walking distance.

How often do you walk to catch your lunch or dinner daily? Think ur concern is not the major consideration here as we not gonna walk even sitting within a beautiful emerging township. Being too close to the actions can be very zap.
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Agreed with you that the key difference between DPR and Belfield is that at least here, u can walk to the monorail, primary school and a few restaurants within 450m while DPR is totally nothing.

The lack of amenities within walking distance is still a major minus point for Belfield. I disagree with u about "how often do you walk to catch your lunch or dinner" as i know friends who enjoy living within close walking distance to kopitiam or any normal FnB to at least partially fulfill ur daily needs.
Babizz
post Dec 27 2020, 06:50 PM

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QUOTE(dave1987 @ Dec 25 2020, 11:05 PM)
100% earn property
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I dont think even the most astute investor would say that about any project. I can see some highly acclaimed projects suffering in the rental market due to low demand.

QUOTE(gks @ Dec 27 2020, 02:41 AM)
It is good if you plan to send your kids to SRJK KC. Belfield will be excellent choice.

AFAIK monorail service is so unreliable and probably now ranked behind KTM.

Whether as own stay or invest for rent, close proximity ie walking distance to amenities is very important. Not only Belfield is not near many amenities, but also not to job concentration area. At today's market where tenants are spoilt for choice, I do not think Belfield has any usps except for own stayers who do can accept location, product and price.

Good luck.
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Just checking if KL118 is not considered a major job concentration area? unlike TR* with low tenants in their signature tower and 1 global bank, 1 local bank and 1 insurance firm next to it, 118 will be tenanted by tonnes of PNB companies and at this belfield price point, many locals can easily afford the rental. GLC package is very commendable!
Also within monorail or driving proximity to the office hubs of KL Sentral, Sultan Ismail, etc. I recently took the monorail and the wait time is 5 mins but capacity issues unsure as I took it at 7pm.

This post has been edited by Babizz: Dec 27 2020, 06:52 PM
Babizz
post Dec 27 2020, 10:34 PM

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QUOTE(propertyowner @ Dec 27 2020, 08:20 AM)
GLC is not that rich? Do u know how mant GM in GLC vs MNC and what's their pay scale plus allowance?

Hence you may not know how this GLC works and preference of accommodation until you manage similarly before.
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I know many GLC staff below 30 also who can easily afford to rent Type A. i believe GM in GLCs would already have their big landed property.

Very interesting thread, wish Opus thread was like this 5 years back. pity the owners now blink.gif

Would be interesting to see how this pans out 3.5 years time.

This post has been edited by Babizz: Dec 27 2020, 10:38 PM
Babizz
post Dec 28 2020, 11:43 AM

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QUOTE(propertyowner @ Dec 27 2020, 07:09 AM)
They actually expect a better response than this.

And kind of certain that all small units (only 88s) to be snapped up during the unit selection day (but it didn't happen).

Not sure if it's considered missing the boat as there are still 40-50% to choose from. Some could be dropping too. Also tower 2 and 3 would be more expensive and more like who wants to catch that boat amid economy + political uncertainty??
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If they expect a better response than this they wouldn't have suddenly revised the prices upwards for certain types which is very rare to hear during a recession or pandemic.


Babizz
post Dec 28 2020, 04:51 PM

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Indication on the walkway to maharajalela. After the construction tunnel is completed, there will be a walkway (indicated in blue by project).

This is not a covered walk way but a walk way path.

On a side note if anyone wanna share referral fees can PM me 😆😆50-50.

This post has been edited by Babizz: Dec 28 2020, 05:25 PM


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