Which condo is not overpriced these day?

For location it's not. I can't afford the 3 bedroom one else I buy this one .

Agree to disagree but yes lelongs are an inevitability. If Jinjang areas can start selling from about 600 psf and this started from 700 psf then value is in the eye of the beholder.

How do you define overprice? Block A and B buyer can get way cheaper than Block C

I think he’s just trolling. SB was on many best buy lists 2021. Sure it’s not rumahwip cheap but it’s good value by median standards considering its location and proximity to action. The area has a very old, creative and colonial character, if you’re not into it then you won’t get it.

It's overpriced if compared to the "average" price of condos elsewhere.

But for it's proximity to city centre, the sizes of units offered, the "semi-D" placement of the units on floor plate where every unit gets airflow around at least 2 sides, and the walking distance to public transport (even though monorail isn't exactly a favourite) it's actually very reasonable, and great value for the first batch of buyers.

Most city centre projects with this kind of specs will veer much closer to 1k per sq ft or higher buyers get to benefit a bit from the cheaper price of land when Sunway acquired this plot.

True, let take the neighbour opus for example will see the different

If you use them as the price comparison, then it doesn’t help the overpriced tag. They were at least 50% more psf up to double for fully furnished. I suppose you can use Chan Sow Lin as a comparison but they are only marginally cheaper as leasehold and with pretty awful surroundings. KL Sentral on the other side is of course really pricey.

Depends on what price you got it for

Lelong? Subsale yes but lelong if any i believe very handful only

This post has been edited by jojolicia: Feb 8 2024, 10:18 PM

2024 Q4 can VP?


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Almost certain

Dont think could be so soon la, now only 55% completion

Hearsay Block C will VP by Q4 2024 whereas Block A & Block B will VP by Q1 2025

Maybe because of difference in density

Interesting strategy. But I suppose you’re right. C is a smaller structure and completed way ahead of time.

This post has been edited by Cavatzu: Mar 3 2024, 06:42 AM

Interesting theory. why block A progress much faster than block C and block C VP first? All blocks got the roughly the same number of units - 400.

Doesn’t make sense actually by giving VP first to a block that is not entirely occupied and launched later than those blocks that are occupied entirely and launched earlier. 🧐🤨

overprice or not actually once the building is vp and when ppl do refinance you see how much valuer is giving

then only you know is it overpriced
which i can guaranteed it will be much lower than launching price

overpriced or not now is just the analysis from buyer or agent which doesn't reflect true value

Most likely it is because Block A and B has an extension approval due to Covid, but Block C did not apply for the extension. So from the project timeline view, Block C is on a critical path to VP first. Just my thought.

I thought C was sold about a year later so mid 2022. Then you have a 4 year SPA period. Theoretically they could collect in 2026? Am I missing something? Unless they have a different SPA template. A was generally signed in early 2021 and B from mid 2021.