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

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Cavatzu
post Jan 28 2024, 04:30 PM

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QUOTE(Chanzeryl @ Jan 28 2024, 03:36 PM)
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Launching back in 2020 with 1300 units and after almost 4 years now left with 48 units. Good or bad sign? brows.gif  brows.gif
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Technically 3 years passed only as SPAs were in like Jan 2021. Roughly 96% total sold. Can expect some people who can’t commit to it and have to drop out.
Cavatzu
post Feb 4 2024, 05:33 AM

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QUOTE(Eternallyus @ Feb 2 2024, 01:43 PM)
Also an update on 118 from what i heard they are having issues trying to find tenant to fill up the mall. Trx took a huge chunk. Even pavilion damansara heights got screwed by trx opening
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What to do? They’re all trying to occupy the same atas space in a similar time frame all within a few km of each other. Not to mention the languishing Lalaport.
Cavatzu
post Feb 6 2024, 06:44 PM

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QUOTE(macbookpro88 @ Feb 6 2024, 03:27 PM)
tbh this condo is overprice, definitely some lelong units after completion.
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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.
Cavatzu
post Feb 6 2024, 09:47 PM

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QUOTE(obs5279 @ Feb 6 2024, 09:32 PM)
How do you define overprice? Block A and B buyer can get way cheaper than Block C cool2.gif  cool2.gif
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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.
Cavatzu
post Feb 8 2024, 04:37 PM

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QUOTE(obs5279 @ Feb 7 2024, 04:02 PM)
True, let take the neighbour opus for example will see the different
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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.
Cavatzu
post Mar 3 2024, 06:41 AM

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QUOTE(Chanzeryl @ Mar 2 2024, 08:28 PM)
Hearsay Block C will VP by Q4 2024 whereas Block A & Block B will VP by Q1 2025 hmm.gif

Maybe because of difference in density icon_idea.gif
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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
Cavatzu
post Mar 3 2024, 04:16 PM

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QUOTE(hcstwb @ Mar 3 2024, 02:16 PM)
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.
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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.
Cavatzu
post Mar 4 2024, 04:31 AM

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QUOTE(Najibaik @ Mar 4 2024, 12:33 AM)
psf 6xx?  notworthy.gif
but later phase is over 8xx

most of the condo upon complete also cannot get their laucnhing price value
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The units in locations like DPC, Bangsar South and MK all generally appreciated despite their already high price tag. So once again your in demand prime locations.

It’s the tonnes of high dense 500-600 psf mid range units that aren’t really holding their value.
Cavatzu
post Mar 4 2024, 02:33 PM

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QUOTE(hcstwb @ Mar 4 2024, 01:55 PM)
Block A & B 4 yr SPA period + extension
Block C only 3 yr SPA period.
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Thanks for clarifying. I suppose they all have max completion date of Q1- Q2 2025 roughly.
Cavatzu
post Mar 7 2024, 06:17 AM

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QUOTE(IAmYourFather @ Mar 6 2024, 07:32 PM)
Not apple to apple lah, even tho psf more or less the same at launch and both are high dense, but SB location more strategic. Too bad I hold my trigger during that time due to uncertainty of MCO.
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The best deals are when uncertainty is high. I really don’t see the appeal of the Chan Sow Lin area. Yes it’s technically the CBD but I don’t know why they are considered good value and Kampung Attap area isn’t.

FYI Belfield billboards were all over PJ and Damansara Heights when it launched. Kinda tells you the crowd they were aiming for.
Cavatzu
post Mar 8 2024, 06:01 PM

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QUOTE(Najibaik @ Mar 8 2024, 02:33 PM)
meaning belfield launching since 2020 still haven finish sold  rolleyes.gif
summore while i never say anything about kl48 in this thread but someone so serious to bring up comparison  rolleyes.gif

can't even mention the fact that property is overpriced here  laugh.gif
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Mate be objective. The leftover units are big and likely with views of 118 hence the higher price tag 1 mill + which isn’t easily digested.

The starting point was pretty much the same as kl48 in a better location and generally regarded as a good buy in 2021 with hoc freebies.

This post has been edited by Cavatzu: Mar 8 2024, 06:02 PM
Cavatzu
post Mar 9 2024, 11:41 AM

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QUOTE(IAmYourFather @ Mar 9 2024, 10:08 AM)
Launching during that time I remembered was 700psf (or less? correct me if I'm wrong). Now I'm considering to get one subsale one street across, more than 10 years old condo priced at 700+ psf suddenly feel a bit expensive considering SB's original price haha
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Yea it was that range for Tower A facing Jalan Istana side. Went even lower for those facing cemetery. The price scaled up drastically for those facing city though.

Apart from Opus, I think any unit you buy in that vicinity gonna need a lot of ID. Can you share what you’re looking at?
Cavatzu
post Mar 10 2024, 07:07 AM

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QUOTE(IAmYourFather @ Mar 9 2024, 11:01 PM)
Don't want to off topic here, but it's nearby to pudu area / hang tuah station. Need some touch up definitely, thats why I'm looking at OPUS too, but OPUS units are pretty big for the bedrooms, definitely targeting expats (or to run airbnb) to breakeven now.
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Depends on your intent. If pure investment then I’m still not so sure about the area. Sunway’s VP will shake up the area for sure. Opus prices will definitely be affected by them too.
Cavatzu
post Mar 21 2024, 08:04 AM

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QUOTE(Jimmy2022 @ Mar 21 2024, 12:31 AM)
Well done, most of the units in Block C
priced over a million....
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If they sell the city view units for 819 psf it’s worth it but I doubt it.
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post Mar 21 2024, 11:50 AM

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QUOTE(Jimmy2022 @ Mar 21 2024, 11:15 AM)
As long as not buying during the time when the market price is the highest like Opus, I think it will be fine for Sunway Belfield purchasers. After all this is a popular KL city area.
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It’s good for tourists but still very unsure for ownstay or investment. It’s not cheap or convenient enough for locals working in the city.
Cavatzu
post Mar 23 2024, 10:33 AM

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QUOTE(Osob @ Mar 23 2024, 10:01 AM)
Desa park is also not cheap nor convenient leh~
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DPC is T20. Are you so sure Belfield is that type of area? If you had one developer and a master plan maybe. This is top range of M40 perhaps.
Cavatzu
post Mar 23 2024, 07:19 PM

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QUOTE(bennomin @ Mar 23 2024, 12:28 PM)
You’re right bro. Belfield is rather pocket development and need to depends on surrounding amenities. DPC is self sustaining townships by a master developer. Can get everything within reach.
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If Chan Sow Lin is the cheaper alternative to TRX then Belfield is the cheaper cooler alternative to KL Sentral. That’s the way I see it at the moment. Not exactly a destination in their own right like DPC. Added bonus of better leisure and night life amenities compared to KL Sentral.
Cavatzu
post Mar 24 2024, 02:13 AM

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QUOTE(Osob @ Mar 24 2024, 12:52 AM)
Let’s see~ unless there is an official urge from government to companies to set up their offices in Merdeka 118 just like TRX, the area could lit up; otherwise, it’s difficult to sustain by just promoting the value of areas near 118 solely lies in the country’s heritage.
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Pretty much the tower is taken right with PNB itself and Maybank.
Cavatzu
post Mar 28 2024, 11:44 AM

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QUOTE(Eternallyus @ Mar 28 2024, 10:17 AM)
Owners need to vote whether to allow or not but from what i can see majority don't want to allow for airbnb or homestay
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Yea I doubt it will be allowed. Much as I want to use it for occasional holiday home with some short term stay thrown in. Just have to cough up the $ for a night in Opus or 4 points.
Cavatzu
post Apr 13 2024, 01:45 PM

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QUOTE(Jimmy2022 @ Apr 13 2024, 01:04 PM)
CIRCADIA @ BELFIELD ???

Stunning architectural design, modern concept with GreenRE Gold. 4 blocks of 32 storeys condo with huge sky gardens ???

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Poor Kuen Cheng getting overshadowed. But can thank them for blocking all the road noise. Very stressful facilities deck though.

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