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

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Cavatzu
post Apr 21 2024, 02:49 AM

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QUOTE(Jimmy2022 @ Apr 20 2024, 11:19 AM)
Don't have info yet, but from what I know this project is targeting expat and small family, mostly are small sized units.
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The floor plate makes it look like a lot of studios.
Cavatzu
post Apr 23 2024, 09:45 AM

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QUOTE(VOLVOFORLIFE @ Apr 22 2024, 12:21 PM)
with GDV of 1.1B with smaller land size then SB. One would know the price will be higher psf when SB GDV was 1B. Let alone LH status.
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I think their land size slightly bigger ~ 4.8 vs Sunway 4.5. If they have similar plot ratio then it should be average slightly higher psf for their leasehold land vs Sunway freehold. Not sure if they can scale up for view premiums as much as Sunway did. Their avg psf price + 20% should be Sunway’s paper gain.

This post has been edited by Cavatzu: Apr 23 2024, 09:55 AM
Cavatzu
post Apr 23 2024, 12:48 PM

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QUOTE(IronManz @ Apr 23 2024, 11:39 AM)
Nearby area but one is LH vs one is FH? Is that based on previous history of the piece of land?
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user posted image

They have less plot ratio.
Cavatzu
post Apr 23 2024, 06:47 PM

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QUOTE(IronManz @ Apr 23 2024, 05:38 PM)
Nice. Where to get these info?
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Got this from owners group. But this is an excerpt from some research report linked earlier in the thread.
Cavatzu
post Apr 25 2024, 07:35 AM

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[quote=Jimmy2022,Apr 24 2024, 05:14 PM]
They have less plot ratio.
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[/quote]

That's why SB maintenance fee is only 0.29 psf.
Opus 0.44 psf.

I estimate circadia @ belfield will be arround 0.40
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[/quote]

Too early to say but I think they are doing mainly small sized units less than 1000 sqft. This would be the smart thing to not go head to head with Sunway. Smaller sizes so higher maintenance fees.
Cavatzu
post May 2 2024, 07:49 PM

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QUOTE(bennomin @ May 2 2024, 07:37 PM)
VP Possible this year?

Block A and B topped up. Exterior of the carpark podium for Block A is done.

Excited to find out the final outcome/ workmanship of this development. Cheers 🥂
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By end of the year is possible. Judging from recent vp of the Velocity’s, Avila and serene should be ok. The location is exciting actually. Looking forward to Chee Cheong fun breakfasts and cocktail nights.
Cavatzu
post May 3 2024, 07:18 AM

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QUOTE(bennomin @ May 2 2024, 07:52 PM)
Nice bro. Can’t wait to explore that part of KL.

It seems to be a hotspot for AirbNb but personally don’t flavour that as it’s designed for ownstay.
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There’s not many accomodation options in the immediate vicinity. It should be very hot for a while .
Cavatzu
post May 17 2024, 04:20 AM

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QUOTE(DragonReine @ May 16 2024, 09:52 AM)
The time of delivery stated in the SPA is what the purchasers signed on, so if Sunway had stated a time longer than the standard 36 months, purchasers agreed to the timeframe when they signed and sent the contract for stamping.

If not mistaken, the first batch of SPA was for 48 months delivery.
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The earliest booking of tower A would be Dec 2020 with Signing a few months later and a 4 year construction period. They got a 2 month Covid extension so estimated LAD date would be Feb 2025 based on booking date. These are approximate and not exact.

VP by end of 2024 would be the goal for an efficient business.

This post has been edited by Cavatzu: May 17 2024, 09:41 AM
Cavatzu
post Jun 2 2024, 08:31 AM

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QUOTE(Eternallyus @ Jun 1 2024, 10:21 AM)
How many units left unsold?
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They’ve closed the sales gallery. Maybe 2-3 large units left.
Cavatzu
post Jan 8 2025, 07:04 AM

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A popular renovation/property management business quoted that expected rents for a 3 bedder would be in the 4-5k range. Blind optimism or realistic? They were using KL Sentral as price benchmark. It’s a decent ROi if this is true.
Cavatzu
post Jan 25 2025, 08:49 AM

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Awaiting reviews and feedback on this very curious project. At worst its average but at best a real bargain for a newly rejuvenated area.
Cavatzu
post Feb 7 2025, 12:32 PM

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QUOTE(Thasmita @ Feb 2 2025, 11:04 AM)
Properties around ll Sentral also struggling. Especially Sentral suites.
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Remains to be seen. But nothing is cheap anymore. Prices across the board for newer developments in places like Cheras or OKR all have gone up. Lest we forget this is a city location after all. I can say it seems desired by own stay people.
Cavatzu
post Feb 12 2025, 08:13 AM

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QUOTE(butthead76 @ Feb 12 2025, 05:48 AM)
4 to 5k, macam syok sendiri.....hahaha

Plenty of high end choice for 4 to 5k around KLCC.
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Maybe not for 1200+ sqft. The centre of gravity of KL is shifting away from KLCC gradually.

But it’s still very difficult to settle on a price point.

This post has been edited by Cavatzu: Feb 12 2025, 08:41 AM
Cavatzu
post Feb 12 2025, 11:28 AM

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QUOTE(bigman @ Feb 12 2025, 09:20 AM)
maybe got very few units will hit jackpot... but for  5k rental... is not sustainable in tis area
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That advertised unit is one of the biggest in the development with direct views of 118 and over 1k psf. If that can’t hit $5k then it’s game over.
Cavatzu
post Feb 13 2025, 09:36 AM

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There will be a few that try to get cheeky and do Airbnb anyway. But the good thing is that the main bulk of people want to own stay and are quite educated/professional so they will put an end to it quickly.

Can see good prospects if there is demand both as an ownstay + investment property.
Cavatzu
post Feb 14 2025, 11:23 PM

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https://www.iproperty.com.my/property/kl-ci...sale-108189656/

1200+ psf. Don’t pray pray 😂. Higher than DPC without any Reno and no 118 view.
Cavatzu
post Feb 17 2025, 06:36 AM

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QUOTE(wotpian @ Feb 16 2025, 09:11 PM)
Tourist spot + monorail
Hopefully Airbnb friendly, rm5k maybe achievable.
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It is not Airbnb friendly - prohibited. It can be voted in by AGM. There’s a lot of excited ownstay owners so I doubt it’ll happen. But it can do well if there’s the perception of being a nice ownstay property on the CBD fringe.
Cavatzu
post Feb 19 2025, 03:06 PM

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Feels bad to say. But Tower C is the main test case. Most expensive psf and they will set the tone for price point. The other 2 towers haven’t VP and can undercut easily.

This post has been edited by Cavatzu: Feb 19 2025, 03:06 PM
Cavatzu
post Feb 19 2025, 06:08 PM

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QUOTE(PAChamp @ Feb 19 2025, 03:36 PM)
Unfortunately government policy is to suppress high rise prices by forcing developers to build affordable units and allowing high density for TODs. Their strategy is to flood the market with affordable units. Developers need the normal priced units to subsidise the affordable units so this will result in even more units being built. The future doesn't look bright for high rises. At the moment rents are rising in tandem with expenses squeezing the tenants.

You can still make money but you cannot buy direct from developer. Buy sub-sale from distressed buyer or under auction then because your entry cost is so much lower than the rest, you make your money. There are many opportunities but you need to be cash rich.

For own stay i would choose landed freehold which is the best choice at the moment.
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Definitions of households are changing. Many people are single. Even if they are partnered, many opt not to have kids. So then if you’re a single bachelor/bachelorette in your 30s+ do you need a big landed property?
Cavatzu
post Feb 21 2025, 02:02 AM

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QUOTE(PAChamp @ Feb 20 2025, 11:51 AM)
Its true that the people who remain unmarried are increasing and so are those who opt not to have children. Their needs are met by a high rise unit. But generally Malaysians want the "nasi lemak" 2 storey terrace units if given a choice and if they can afford it. My own situation also changed and I will move into a 2 storey landed because of legacy issue - i want to leave behind a freehold house for my kid.
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Don’t disagree there. Landed will always hold their value. But if you don’t have 1 mill++ how? It is now an aspirational property rather than a starter home from our parents time. And in many cases, high rises suit the needs of current generations. Many don’t cook, garden or even clean.

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