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

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fpgcrypto
post Jan 19 2021, 09:35 AM

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Most of the time people always say it's good to be the earliest phase's buyer, we can go in at the lowest price. But nowadays this might not be the case. Developer can build highest density and offer lesser facilities and sell at a lower price.

Belfield by a reputable developer selling at 7xx psf is undeniably a good buy. I'm more interested to know how the upcoming developments gonna react to this and affect the entire area.
ZackQ
post Jan 19 2021, 10:03 AM

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QUOTE(Babizz @ Jan 19 2021, 09:20 AM)
Agreed. Let's list down Belfields cons:

high dense, little commercial within walking distance, unsure of the tenant base, near cemetery, potentially high supply nearby
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this high dense thing is very subjective. Few years back when we mentioned 150 units per acre is sibeh high dense but now is not

This post has been edited by ZackQ: Jan 19 2021, 10:03 AM
ZackQ
post Jan 19 2021, 10:06 AM

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QUOTE(ryan@chua @ Jan 19 2021, 08:44 AM)
1 agent can simply show me this lar. 😆
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u want ppl all naked in front of everybody meh?
u also keep avoiding answering ppl question u on "smart people" choice
gks
post Jan 19 2021, 10:12 AM

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QUOTE(fpgcrypto @ Jan 19 2021, 09:35 AM)
Most of the time people always say it's good to be the earliest phase's buyer, we can go in at the lowest price. But nowadays this might not be the case. Developer can build highest density and offer lesser facilities and sell at a lower price.

Belfield by a reputable developer selling at 7xx psf is undeniably a good buy. I'm more interested to know how the upcoming developments gonna react to this and affect the entire area.
*
Nobody has crystal ball however Tradewinds acquired the land with book price rm485psf compared to Sunway rm165m for the 4.575acres. This translated to 70% cheaper land cost (exclude land holding cost)

https://www.edgeprop.my/content/tradewinds-...ject%20Belfield.

Tradewinds land also much larger with few phases and therefore flexibility in the masterplan from mix product, sizes, pricing and supply.

Assuming same plot ratio accorded to Belfield is given to Tradewinds as well, expect additional 3.5-4k units incoming supplies, and not yet include supplies from Salcon's.

This post has been edited by gks: Jan 19 2021, 10:40 AM
gks
post Jan 19 2021, 10:19 AM

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QUOTE(ZackQ @ Jan 19 2021, 10:03 AM)
this high dense thing is very subjective. Few years back when we mentioned 150 units per acre is sibeh high dense but now is not
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It is not subjective. Our KL 2020plan is not gazetted and land usage/plot ratio been change indiscriminately.

Anyway, develoepers always argue the higher plot ratio is necessary to build affordable housing. It is good news for own stayers who look for house within the budget. However, The owners will have issue with maintenance and capital appreciation for high density development which can be observed in many completed developments in KL. And many investors (or speculators) simply do not have long term plan ie 10 or more years.

This post has been edited by gks: Jan 19 2021, 10:19 AM
icemanfx
post Jan 19 2021, 10:32 AM

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QUOTE(fpgcrypto @ Jan 19 2021, 09:35 AM)
Most of the time people always say it's good to be the earliest phase's buyer, we can go in at the lowest price. But nowadays this might not be the case. Developer can build highest density and offer lesser facilities and sell at a lower price.

Belfield by a reputable developer selling at 7xx psf is undeniably a good buy. I'm more interested to know how the upcoming developments gonna react to this and affect the entire area.
*
Typical developer's and s.a fomo tactic

QUOTE(ZackQ @ Jan 19 2021, 10:03 AM)
this high dense thing is very subjective. Few years back when we mentioned 150 units per acre is sibeh high dense but now is not
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Unit per acre doesn't mean much if sq ft/unit is different.

Babizz
post Jan 19 2021, 10:36 AM

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QUOTE(gks @ Jan 18 2021, 08:12 PM)
Nobody has crystal ball however Tradewinds acquired the land with book price rm485psf compared to Sunway rm165m for the 4.575acres. This translated to 70% cheaper land cost (exclude land cost)

https://www.edgeprop.my/content/tradewinds-...ject%20Belfield.

Tradewinds land also much larger with few phases and therefore flexibility in the masterplan from mix product, sizes, pricing and supply.

Assuming same plot ratio accorded to Belfield is given to Tradewinds as well, expect additional 3.5-4k units incoming supplies, and not yet include supplies from Salcon's.
*
It's been 5.5 years since T**wounds bought the land. Understand their APDL has been approved too.

Wonder why no progress here or most of their projects?? BB plaza, t**wounds square, mnr tun razak??

All this are prime or super prime land and they have been acquired years back yet nothing much going on.
gks
post Jan 19 2021, 10:43 AM

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QUOTE(Babizz @ Jan 19 2021, 10:36 AM)
It's been 5.5 years since T**wounds bought the land. Understand their APDL has been approved too.

Wonder why no progress here or most of their projects?? BB plaza, t**wounds square, mnr tun razak??

All this are prime or super prime land and they have been acquired years back yet nothing much going on.
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They purchased using internal generated fund. They can hold long time... However it may not good news for Belfield as they will be surrounded by construction when these projects started... Noise, dust, flood due to blocked drainage potholes maybe daily affair
MalaysiaSK P
post Jan 19 2021, 10:52 AM

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QUOTE(gks @ Jan 19 2021, 10:43 AM)
They purchased using internal generated fund. They can hold long time... However it may not good news for Belfield as they will be surrounded by construction when these projects started... Noise, dust, flood due to blocked drainage potholes maybe daily affair
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Don't worry, Malaysia covered under Law of Tort.
Babizz
post Jan 19 2021, 11:39 AM

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QUOTE(gks @ Jan 18 2021, 08:43 PM)
They purchased using internal generated fund. They can hold long time... However it may not good news for Belfield as they will be surrounded by construction when these projects started... Noise, dust, flood due to blocked drainage potholes maybe daily affair
*
How sure are that they can hold and launch next time?? All this project is at the right time or pass the right time to launch already. Think of BB with mrt, square at the heart of KL, belfield near 118 completing in 2022.

Perhaps other reasons why they can't launch??? 😮😮

I will wait patiently to see if this the belfield will ever be launched or will end up like the rest of their projects.
ZackQ
post Jan 19 2021, 11:43 AM

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QUOTE(gks @ Jan 19 2021, 10:43 AM)
They purchased using internal generated fund. They can hold long time... However it may not good news for Belfield as they will be surrounded by construction when these projects started... Noise, dust, flood due to blocked drainage potholes maybe daily affair
*
Can I get an 1k sqft unit in KLCC or MK at RM650 psf and I no need to bear future development which may comes with noise dust etc?
Say MK, if I cannot get in JK/JK1, then I have to switch to JK5 which comes along with future development along the stretch road, and that is not even at RM650 psf
ZackQ
post Jan 19 2021, 11:45 AM

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QUOTE(Babizz @ Jan 19 2021, 11:39 AM)
How sure are that they can hold and launch next time?? All this project is at the right time or pass the right time to launch already. Think of BB with mrt, square at the heart of KL, belfield near 118 completing in 2022.

Perhaps other reasons why they can't launch??? 😮😮

I will wait patiently to see if this the belfield will ever be launched or will end up like the rest of their projects.
*
in hokkien we called big chicken don't eat small rice
ZackQ
post Jan 19 2021, 11:49 AM

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Perhaps smaller developer like NAZA TTDI to takeover from Tradewinds and develop the belfield?
They have new CEO from Sunway:
http://www.naza.com.my/naza-ttdi-appoints-...cutive-officer/
gks
post Jan 19 2021, 11:56 AM

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QUOTE(ZackQ @ Jan 19 2021, 11:43 AM)
Can I get an 1k sqft unit in KLCC or MK at RM650 psf and I no need to bear future development which may comes with noise dust etc?
Say MK, if I cannot get in JK/JK1, then I have to switch to JK5 which comes along with future development along the stretch road, and that is not even at RM650 psf
*
I dun get your question. U r comparing kpg Attap with klcc and mk? Anyway, regardless the location, if ur unit is facing undercon for 3-5 years, your unit will be affected versus non-undercon facing. And this Belfield potentially have 3 facings facing undercon in near (or far) future. Owners better hope all these land will be quickly developed.... Then again, will flood the supply in short term.

Good luck


gks
post Jan 19 2021, 11:57 AM

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QUOTE(Babizz @ Jan 19 2021, 11:39 AM)
How sure are that they can hold and launch next time?? All this project is at the right time or pass the right time to launch already. Think of BB with mrt, square at the heart of KL, belfield near 118 completing in 2022.

Perhaps other reasons why they can't launch??? 😮😮

I will wait patiently to see if this the belfield will ever be launched or will end up like the rest of their projects.
*
Nobody will spend rm165m and leave it idle forever. It is matter of time and who.
ZackQ
post Jan 19 2021, 12:11 PM

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QUOTE(gks @ Jan 19 2021, 11:56 AM)
I dun get your question. U r comparing kpg Attap with klcc and mk? Anyway, regardless the location, if ur unit is facing undercon for 3-5 years, your unit will be affected versus non-undercon facing. And this Belfield potentially have 3 facings facing undercon in near (or far) future. Owners better hope all these land will be quickly developed.... Then again, will flood the supply in short term.

Good luck
*
If i compare to CSL or duta park, are they comparable to SB?
In terms of facing, I think tower A only unit facing TRX and tower B will face new undercon.
Well, to unlock the potential of Kg Attap, isn't that new development is good, just a matter of time and by who?

This post has been edited by ZackQ: Jan 19 2021, 12:12 PM
servo118
post Jan 19 2021, 12:16 PM

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Parking, Parking cool.gif cool.gif (will come back every year)
Can't wait to see who will win after 4/5 years.... haters? Agents? or Buyers? rclxs0.gif rclxs0.gif

Agents: May be already win after selling property...
Buyers: Can be either winner or loser...
Haters: Untung apa??? Sohai !!!

gks
post Jan 19 2021, 12:20 PM

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QUOTE(servo118 @ Jan 19 2021, 12:16 PM)
Parking, Parking  cool.gif  cool.gif (will come back every year)
Can't wait to see who will win after 4/5 years.... haters? Agents? or Buyers?  rclxs0.gif  rclxs0.gif

Agents: May be already win after selling property...
Buyers: Can be either winner or loser...
Haters: Untung apa??? Sohai !!!
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This is inmature post. No wonder so many jokers in this country.

If owners just want to kakikong kakisong, just discuss among urself in private chatgroup. Why u guys keep posting here?
gks
post Jan 19 2021, 12:24 PM

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QUOTE(ZackQ @ Jan 19 2021, 12:11 PM)
If i compare to CSL or duta park, are they comparable to SB?
In terms of facing, I think tower A only unit facing TRX and tower B will face new undercon.
Well, to unlock the potential of Kg Attap, isn't that new development is good, just a matter of time and by who?
*
In reality there is no project that is apple to apple. Even the next door.

Flooding the market with more units not always good news. It will stress the infrastructure. In the past investors love it because developers will push up the price. But I pretty much doubt that's the trend now. A new reality and Investors have to adapt accordingly.
ZackQ
post Jan 19 2021, 12:33 PM

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QUOTE(gks @ Jan 19 2021, 12:24 PM)
In reality there is no project that is apple to apple. Even the next door.

Flooding the market with more units not always good news. It will stress the infrastructure. In the past investors love it because developers will push up the price. But I pretty much doubt that's the trend now. A new reality and Investors have to adapt accordingly.
*
like u said development of the belfield is matter of time and by who. I myself also very willing to see that been materialized

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