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

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propertyowner
post Dec 20 2020, 06:41 PM

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QUOTE(SPHead @ Dec 20 2020, 06:16 PM)
Yea. Cemetary view lowest psf, get low floor lo

Facing istana potential noise, near to highway, pro n con depend your preference
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Actually I experienced before staying my fren's unit that is close to main roads. For own stay in KL City really cannot ler.. late nite & early morning also got vehicles and motorists speeding and it could be quite disturbing to have pleasant sleep.. end up he also moved out.. so it's up to individual preference like u said.. investment is ok..
propertyowner
post Dec 23 2020, 11:15 AM

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QUOTE(panda@KL @ Dec 23 2020, 07:50 AM)
The take up rate is good... roughly 35% now.
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I thought it was close to 60% last week?
propertyowner
post Dec 23 2020, 11:15 AM

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QUOTE(Babizz @ Dec 23 2020, 08:04 AM)
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?
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Yeah good analysis and he did scoped out a lot of things comprehensively. I actually saw him during the booking day itself.

Besides what you have highlighted, he also refrain from touching about the cemetery view.

And am actually quite surprise to see also from his 13th floor (drone shot), the cemetery view is already quite clear as my SA told me it's safe for anything below 20th floor.

Lastly, not sure why he make the youtube video private for now. Glad that some of us with vested interests already viewed it.
propertyowner
post Dec 23 2020, 02:48 PM

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QUOTE(ismetheboy @ Dec 23 2020, 02:12 PM)
sunway leasing interest is 5.8% p.a. and no lock in period, can exit anytime (according to some information i get from sunway),
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That's quite expensive considering local banks offer 3% for 500k loan size, and you can even get 2.95% with UOB. In terms of amounts, the difference is RM800 every month.

One must have opportunist mindset for taking the leasing loan.
propertyowner
post Dec 23 2020, 03:44 PM

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QUOTE(ismetheboy @ Dec 23 2020, 03:12 PM)
according to them will not affect ur CCRIS score, maybe thats why they put higher interest rate, for those with not nice credit rating or credibility.

but overall will affect the building attract too many  hmm.gif  default loan cases?
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It's basically similar to your company loan, whereby it will deduct your salary first hence not reflecting in CCRIS, as banks no longer inherit the risks.

The scheme actually started since 2016 when they realized most of their projects were perceived to be "overpriced" hence with initiative aims to ease the financing portion.

My view is usually block 1 would attract more investors as compared to block 2 or 3. If block 1 don't sell well then it would be slower when the price gets higher.
propertyowner
post Dec 23 2020, 04:55 PM

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QUOTE(panda@KL @ Dec 23 2020, 04:09 PM)
U can check with SA... i got the number from reliable source.
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Hmm thx for the insights, according to your source meaning the take up has dropped from last week..
propertyowner
post Dec 25 2020, 03:18 PM

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QUOTE(johnnyg @ Dec 25 2020, 12:52 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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Nice, what's the take up rate that you observed as of today?
propertyowner
post Dec 25 2020, 04:51 PM

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QUOTE(DragonReine @ Dec 24 2020, 07:18 PM)
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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Sunway projects never comes cheap. If it comes cheap you should be worrying 😂

This price is set after take in the 1,330 units with projected GDV.

This post has been edited by propertyowner: Dec 25 2020, 04:52 PM
propertyowner
post Dec 25 2020, 11:45 PM

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QUOTE(dave1987 @ Dec 25 2020, 06:57 PM)
where is the showroom located
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In Google Map
propertyowner
post Dec 27 2020, 03:50 PM

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QUOTE(gks @ Dec 27 2020, 01:44 PM)
Belfield in my book is another one of the development neither here or there. It is near to many amenities but most are not walkable. Just like Dutapark.

Unless everyday u want to eat fish head or Tommy Le Baker.
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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.


propertyowner
post Dec 27 2020, 03:50 PM

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QUOTE(chinseong78 @ Dec 27 2020, 03:26 PM)
Hi, just wonder if this project is under HOC scheme?
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Read page 24.
propertyowner
post Dec 27 2020, 05:49 PM

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QUOTE(gks @ Dec 27 2020, 04:41 PM)
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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Basically am just saying there are walkable amenities. Whether it's right fit for investment or not, that's different assessments. If Belfield comes by right usps & fit to all, believe its take up won't be <60% as of today.
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post Dec 27 2020, 05:55 PM

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QUOTE(Babizz @ Dec 27 2020, 04:46 PM)
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.
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I think it goes by personal choice whether liking to walk or not; however living in city the mode is likely not kopitiam & usually lifestyle.
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post Dec 27 2020, 07:41 PM

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QUOTE(gks @ Dec 27 2020, 06:08 PM)
Basically I am saying the amenities is very limited given the price point, locality and location within kl city and it wouldn't attract many tenants to choose this place. The price point is the reflection of the location despite the branded developer.

For own stay if you like it, that's all matter.
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The price point is purely diluted by the amount of units or density, Sunway nvr price cheap esp in their high profile projects.

In terms of target tenants, it remains ambiguous for Kg Attap but the area would be soon uplifted/rebrand just like kg kerinchi today whereby the closest to it is abundance of job opportunities within 5km radius.

Malaysians would comfortably pay up to 2.5k to rent at this location, anything beyond is no longer attractive.
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post Dec 27 2020, 09:09 PM

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QUOTE(panda@KL @ Dec 27 2020, 06:43 PM)
Sunway also dun expect got such a good response on this project / location during this COVID pandemic... that's y initially i heard launch before CNY, then now quickly launch.

Anyway, pages before this have well explained the pros and cons of this project.. nth much and new to further clarified.

If you miss this boat, dun worry. Got tower 2 and Phase 2 (tower 3) coming out very soon
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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??

This post has been edited by propertyowner: Dec 27 2020, 09:25 PM
propertyowner
post Dec 27 2020, 09:19 PM

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QUOTE(gks @ Dec 27 2020, 07:24 PM)
Can you share how far to walk from Belfield to PNB118? :)is it comparative say Summer Suites walking distance to KLCC? Btw... Pnb holding are primarily local cos... Would they have high paid local/expats pool?

Not sure when was ur ride but mine about a year + ago. It took 15min for a ride to arrive and as you mentioned capacity issue and it was packed. Ended up I just called grab.
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Summer Suite is a different ball game lar being flexible office then convertible to become AirBnB.. also it's a suite for short term stay not suitable for families.. they're not comparative at all..

And you'll be surprised how many GLC workers wanted to rent nearby (not just PNB) with residential set up, can be room or unit basis..
propertyowner
post Dec 27 2020, 10:20 PM

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QUOTE(panda@KL @ Dec 27 2020, 09:29 PM)
GLC locals are not that rich.. even if so, they will not prefer to stay at urban area.

PNB 118 is mainly for local staff... dun think they wanna rent at this property.
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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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post Dec 27 2020, 10:24 PM

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QUOTE(panda@KL @ Dec 27 2020, 09:32 PM)
not all unit and layout are nice.. i am kinda waiting ppl to let go the unit type I want.

Other than that, i rather wait for tower 2 and 3, despite more expensive. It's the cost I pay waiting for the economic and political stability as well as future development around this area is clearer.
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Of coz not all units are nice but generally for same type/floor tower 2 and 3 are definitely more expensive.

If you're kind of waiting others to let go what they don't want, then you'll definitely miss the boat.

And you can't wait this economy & political uncertainty to settle as it will launch earlier than that. Forward looking with some calculated risks are better approach instead of seeing things to materialize then only commit.
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post Dec 27 2020, 10:58 PM

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QUOTE(panda@KL @ Dec 27 2020, 10:39 PM)
I work with those GLC.. of coz i know how much they earn and their preference..

I will tell u, they prefer sub-urban area.
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Perhaps it's more fair to say both GLC & MNC also hv similar capacity to rent and those sitting in the "rich" tier/category. So technically Belfield should be able to capture both PNB and those working in KL Sentral..

But again look at Opus today it's still non conclusive on who are the target tenants.. things for sure is owners are bleeding gao gao with that entry price psf..

So it still tie back to what price we enter here that lowered the risks as whole..
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post Dec 28 2020, 11:53 AM

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QUOTE(Babizz @ Dec 28 2020, 11:43 AM)
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.
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That's simply greed & taking advantage on what can be sell 1st.

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