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.

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.

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.

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

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

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.

yeah, they can afford. But, so far i only see expat rent urban area or those ang moh famous place.

agree with ur point.. but that's my call too. I am waiting for those let go, that doesnt mean they dont want it, but they got other commitment.

As an investor, I might got different way in my calculated risk. Everyone's entry point preference and risk taking is different.

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..

Upon checking with the agent who served me. The selling price that published or they tell you is actually a HOC-discounted price.

Layouts fairly similar to Sunway Serene.

Quite cheap for a central KL property that is freehold.

Only thing I do not know what type of tenant profile to aim for with this as you could look for expatriates since it does have proximity to Alice Smith Primary but from sources within the school they have seen their enrolment take major hits due to this pandemic.

PNB118? Unlikely many of them will want to rent a premium priced property. Also the days of high salaried GLC employees are well behind us. Many new hires like the civil service tend to be on short term contracts.

Any sifu can share the net selling price for type C, D and E?
Thanks.

GLCs have preferential rate on loans and got other special benefits right, like low interest personal loans? They won't rent if they can apply loan. Especially if Bumiputera status, lots of places where they can get extremely preferential rate on property.

And my personal experience is that these people will aim for affordable housing or landed. Belfield is a not quite within their range of preferred price and location 😅

This post has been edited by DragonReine: Dec 28 2020, 11:12 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.

That's simply greed & taking advantage on what can be sell 1st.

park here, just booked a unit for Belfield

Even if PNB118 has many high income expats/local workers, would these pool of tenants choose Belfield? There is no proper walkway to 118 and the distance is neither here or there. Even the brochure didn't indicate the walking path or distance from Belfield to 118.

If I am working in 118, I would rather choose to use MRT (which the station just next to 118) and stay along the line which is far more convenient.

Nice to see all the potential pros and cons being laid out for this project but as with any investment, unless you have a crystal ball, it’s quite difficult to know what’s going to happen in 4-5 years down the line.

Given OPUS current situation, I think it’s fair to say that this area isn’t a quick money making scheme and requires good holding power.

Nevertheless, having seen the review from YouTube, it looks like a quality development with quality furnishing being provided and communal areas look great. Now... imagine there will be several other developments of similar quality, would it then be fair to say the attractiveness of the area will experience an uplift?

And once an area is perceived to be more attractive, this naturally translates to higher occupancy and in turn, results in more incentive to increase commercial activity. Whilst it’s a chicken and egg situation, I’m secretly hoping the 3rd block from Sunway will be a mix of office and retail lots, which will most certainly help create a more sustainable community.

Regarding holding power, we’ll also have to consider the lease aspect as leasehold property value tends to depreciate over time as the years go by. However, this isn’t an issue for OPUS and Sunway Belfield given their freehold status so the incentive to hold is still there.

I also think there’s too much focus on PNB118 but living here isn’t just about PNB118. I don’t tend to buy if I can’t see myself living in it and would always prefer freehold titles.

Am I excited with Sunway Belfield if I were to live there?

Definitely. It’s literally 5-10mins away by car from all the main financial institutions that I could potentially be working for if I return.

If I ever start a family, there will be good access to Chinese, government and private schools too.

Yes, I would have preferred an MRT/LRT but monorail to me is an icing on the cake as in my opinion, the main selling point should be its connectivity to the surrounding areas by car.

And even so, I wouldn’t disregard monorail completely as it’s only 2-3 stations down the line to access other lines. I’m a huge fan of public transport having experienced the convenience both in KL (via MRT/LRT) and overseas so having monorail around the corner is a positive point.

Limited amenities yes, but I can’t see myself walking under the hot sun in Malaysia (and I don’t think many will) so will most likely drive anyway, which is brilliant given the road connectivity. Unless it’s a TOD development (like Ekocheras and Velocity), where walking around is made comfortable (eg. sheltered, aircon etc), whether the area has good amenities or not, I’ll still drive personally (and imagine many others will too). And this is where this area shines - close to lots of popular malls/attractions by car.

I better stop before I go on and on but I’m genuinely excited to see how this pans out in the next 5 years and beyond. For buyers who only buy when an area is developed, then it’s almost always the case where you’ll have to pay a premium.

Rome wasn’t built in a day.

I’m a buyer for this development so naturally I’d be taking the optimistic view but I also appreciate pessimistic comments from others as it provides a more balanced assessment.

In any case, good luck to all current and future buyers. Do your financial assessment / projections and if you can comfortably support the purchase even if the rental rate doesn’t turn out the way you’d like it to be, go for it if you like the idea owning a piece of KL freehold land at a reasonable price psf (despite its density but hey, there’s no free lunch in this world) and Sunway product (which may also have its perks for future Sunway purchases).

This post has been edited by ekorjiulai: Dec 28 2020, 04:37 PM

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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Hi all

Anyone interested in Sunway Belfield can PM me for project detailed info.

If got a decent walkway then will be a plus point for belfield