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

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edkhan26
post Feb 1 2021, 12:28 AM

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QUOTE(Snacky1100 @ Feb 1 2021, 12:11 AM)
Hi all

Just booked a Type D a few days ago. I have been browsing properties for 2 years now, from SV2, Laville, BBCC, Trion 2, This Belfield psf is too attractive to ignore.

4 years completion is sometime so it could be both investment and ownstay. Figure that I do not need the 118 view which is likely to be blocked for most units, unfortunately.

Looking forward to join the buyers group soon!
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Congrats! Is yours a high floor? Any take on the cemetery view, is itfar away? Considering type A but a little hesitant on that view but gathered it ls far and its almost a 180 view. Really appreciate your thoughts.
Snacky1100
post Feb 1 2021, 01:38 AM

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QUOTE(edkhan26 @ Feb 1 2021, 12:28 AM)
Congrats! Is yours a high floor? Any take on the cemetery view, is itfar away? Considering type A but a little hesitant on that view but gathered it ls far and its almost a 180 view. Really appreciate your thoughts.
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Mine is a low floor, just to avoid the cemetery view. I have considered Type A as well, no more low floors though.

What are your other considerations?
toothydinomew
post Feb 1 2021, 05:06 AM

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QUOTE(Snacky1100 @ Jan 31 2021, 07:38 PM)
Mine is a low floor, just to avoid the cemetery view. I have considered Type A as well, no more low floors though.

What are your other considerations?
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Hi, which level is considered low floor for Tower A?
edkhan26
post Feb 1 2021, 12:54 PM

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QUOTE(toothydinomew @ Feb 1 2021, 05:06 AM)
Hi, which level is considered low floor for Tower A?
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Total 53 levels. 20F and below avoid cemetery views.
edkhan26
post Feb 1 2021, 12:56 PM

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QUOTE(Snacky1100 @ Feb 1 2021, 01:38 AM)
Mine is a low floor, just to avoid the cemetery view. I have considered Type A as well, no more low floors though.

What are your other considerations?
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My only consideration is the price- trying to stay below 650K as there are many similarly priced in the market (6000 to 600) Having said that 750 for 1000 plus sf is good as it caters for families. How much is your unit?
Snacky1100
post Feb 1 2021, 01:06 PM

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QUOTE(toothydinomew @ Feb 1 2021, 05:06 AM)
Hi, which level is considered low floor for Tower A?
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You can use this link to view. Below 20 floors are okay to according to SA. That's why high demands for lower floor for Type A, and D. You can refer this link for floor level views estimation

https://sunwaybelfield.com/video/belfield_vr/belfield.html

QUOTE(edkhan26 @ Feb 1 2021, 12:56 PM)
My only consideration is the price- trying to stay below 650K as there are many similarly priced in the market (6000 to 600) Having said that 750 for 1000 plus sf is good as it caters for families. How much is your unit?
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Yes, but also depends if your question is about value or budget. If it's about budget then no choice have to look somewhere else. Perhaps a SWNK house studio uni at BBCC?
If it's about value for the property, then the psf is okay considering various exit plans it can offer (ownstay, rental, split room rental, capital appreciation,etc) Again 4 years is sometime. Maybe COVID-19 continues to stay for 4-5 years. Maybe 118 tourist city will not work? I guess it's about making enough informed decision during a property purchase and make sure all possible scenarios are acceptable by you.
propertyowner
post Feb 1 2021, 01:42 PM

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QUOTE(Snacky1100 @ Feb 1 2021, 01:06 PM)
You can use this link to view. Below 20 floors are okay to according to SA. That's why high demands for lower floor for Type A, and D.  You can refer this link for floor level views estimation

https://sunwaybelfield.com/video/belfield_vr/belfield.html
Yes, but also depends if your question is about value or budget. If it's about budget then no choice have to look somewhere else. Perhaps a SWNK house studio uni at BBCC?
If it's about value for the property, then the psf is okay considering various exit plans it can offer (ownstay, rental, split room rental, capital appreciation,etc) Again 4 years is sometime. Maybe COVID-19 continues to stay for 4-5 years. Maybe 118 tourist city will not work? I guess it's about making enough informed decision during a property purchase and make sure all possible scenarios are acceptable by you.
*
Why 4 years as it's less than 3 years now towards completion. Are you making an informed decision?
Snacky1100
post Feb 1 2021, 02:18 PM

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QUOTE(propertyowner @ Feb 1 2021, 01:42 PM)
Why 4 years as it's less than 3 years now towards completion. Are you making an informed decision?
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Oh is it that fast? That would be great. Not sure if's <3 years. SA told me it's targeted early of 2025, 4 years from SPA date. Perhaps those signed the agreement can clarify. Not the best informed but sufficient info for me to book one.
edkhan26
post Feb 1 2021, 02:37 PM

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QUOTE(Snacky1100 @ Feb 1 2021, 02:18 PM)
Oh is it that fast? That would be great. Not sure if's <3 years. SA told me it's targeted early of 2025, 4 years from SPA date. Perhaps those signed the agreement can clarify. Not the best informed but sufficient info for me to book one.
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Thanks Snacks. That's useful points for me to add to the considerations. Can I know whether you plan to own or invest?
Babizz
post Feb 1 2021, 02:45 PM

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QUOTE(Snacky1100 @ Jan 31 2021, 11:06 PM)
You can use this link to view. Below 20 floors are okay to according to SA. That's why high demands for lower floor for Type A, and D.  You can refer this link for floor level views estimation

https://sunwaybelfield.com/video/belfield_vr/belfield.html
Yes, but also depends if your question is about value or budget. If it's about budget then no choice have to look somewhere else. Perhaps a SWNK house studio uni at BBCC?
If it's about value for the property, then the psf is okay considering various exit plans it can offer (ownstay, rental, split room rental, capital appreciation,etc) Again 4 years is sometime. Maybe COVID-19 continues to stay for 4-5 years. Maybe 118 tourist city will not work? I guess it's about making enough informed decision during a property purchase and make sure all possible scenarios are acceptable by you.
*
Understand lower floor type A was sapu kering by the third batch of those who placed their cheques on the selection date. Mind you that was by 11 ish and they had sessions till the evening

Estimated completion for SB is in Q2 2024. I believe SWNK will have a lot of interest like this Belfield.

Trying to imagine what's the investment value or return for Type C D or E in this Belfield. Cemetery view is not far at all. Around 1km radius.

This post has been edited by Babizz: Feb 1 2021, 02:50 PM
edkhan26
post Feb 1 2021, 03:02 PM

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QUOTE(Babizz @ Feb 1 2021, 02:45 PM)
Understand lower floor type A was sapu kering by the third batch of those who placed their cheques on the selection date. Mind you that was by 11 ish and they had sessions till the evening

Estimated completion for SB is in Q2 2024. I believe SWNK will have a lot of interest like this Belfield.

Trying to imagine what's the investment value or return for Type C D or E in this Belfield. Cemetery view is not far at all. Around 1km radius.
*
Type A sapu kering? Suppose that's because it's only 40 units... 2 units x 20 levels... not really BBB. I mean who wants to face the cemetery especially when there're incoming towers B and C . Tower B price is only 5% more which is ok cos you pay less progressive interest...
edkhan26
post Feb 1 2021, 03:06 PM

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QUOTE(Babizz @ Feb 1 2021, 02:45 PM)
Understand lower floor type A was sapu kering by the third batch of those who placed their cheques on the selection date. Mind you that was by 11 ish and they had sessions till the evening

Estimated completion for SB is in Q2 2024. I believe SWNK will have a lot of interest like this Belfield.

Trying to imagine what's the investment value or return for Type C D or E in this Belfield. Cemetery view is not far at all. Around 1km radius.
*
Me too. Type B is already 760k. Type C 800k. In 4 years families with kids will buy them at 900k?

All in all 4 years this place must be a desirable place for families to want. If not its back to Airbnb again or short term stays which there are berlambak lambak in KL downtown.
edkhan26
post Feb 1 2021, 03:08 PM

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QUOTE(edkhan26 @ Feb 1 2021, 03:06 PM)
Me too. Type B is  already 760k. Type C 800k. In 4 years families with kids will buy them at 900k?

All in all 4 years this place must be a desirable place for families to want. If not its back to Airbnb again or short term stays which there are berlambak lambak in KL downtown.
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Of course in 4 years the Chinese may be back and sapu goreng and us non believers may be looking back at this post and say haiya...
Babizz
post Feb 1 2021, 03:34 PM

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QUOTE(edkhan26 @ Feb 1 2021, 01:02 AM)
Type A sapu kering? Suppose that's because it's only 40 units... 2 units x 20 levels... not really BBB. I mean who wants to face the cemetery especially when there're incoming towers B and C . Tower B price is only 5% more which is ok cos you pay less progressive interest...
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Low floor is only maybe from the 9th floor to 18th floor to avoid the cemetery view.

You sure tower B type A is 5% more net wise?? Gross can be 5% more but I expect rebates to be much less.

In fact sunwai has revised the prices type A after 4 days and the prices increased 3+%.

QUOTE(edkhan26 @ Feb 1 2021, 01:06 AM)
Me too. Type B is  already 760k. Type C 800k. In 4 years families with kids will buy them at 900k?

All in all 4 years this place must be a desirable place for families to want. If not its back to Airbnb again or short term stays which there are berlambak lambak in KL downtown.
*
Flipping is unheard of. Don't forget this Belfield is high dense with tonnes of units. The bigger sizes would be good for ownstay.

Don't assume China people may buy this.
Snacky1100
post Feb 1 2021, 03:38 PM

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QUOTE(Babizz @ Feb 1 2021, 02:45 PM)
Understand lower floor type A was sapu kering by the third batch of those who placed their cheques on the selection date. Mind you that was by 11 ish and they had sessions till the evening

Estimated completion for SB is in Q2 2024. I believe SWNK will have a lot of interest like this Belfield.

Trying to imagine what's the investment value or return for Type C D or E in this Belfield. Cemetery view is not far at all. Around 1km radius.
*
That's crazy considering the current economic situation. Hope Sunway delivers early in 2024 as they always built very fast.
Snacky1100
post Feb 1 2021, 03:46 PM

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QUOTE(Babizz @ Feb 1 2021, 03:34 PM)
Low floor is only maybe from the 9th floor to 18th floor to avoid the cemetery view.

Flipping is unheard of. Don't forget this Belfield is high dense with tonnes of units. The bigger sizes would be good for ownstay.

Don't assume China people may buy this.
*
Once Salcon/Tradewinds leasehold joins the development, the competition for rental is going to be higher. Type A C D may escape the undercon view during this period.
edkhan26
post Feb 1 2021, 05:51 PM

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QUOTE(Babizz @ Feb 1 2021, 03:34 PM)
Low floor is only maybe from the 9th floor to 18th floor to avoid the cemetery view.

You sure tower B type A is 5% more net wise?? Gross can be 5% more but I expect rebates to be much less.

In fact sunwai has revised the prices type A after 4 days and the prices increased 3+%.
Flipping is unheard of. Don't forget this Belfield is high dense with tonnes of units. The bigger sizes would be good for ownstay.

Don't assume China people may buy this.
*
The sunway belfield online brochures mention the prices for both Tower A and B. If you read the usual developers info and fine print below in the brochure. So max is 5% as regulatory wise they can't exceed this limit. Guess if market conditions worsen they may give more rebates. Current rebates are unattractive plus for 3rd loan, bankers won't give more than 70% but able to for sun velocity. Dont understand why...
Babizz
post Feb 1 2021, 10:15 PM

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QUOTE(edkhan26 @ Feb 1 2021, 03:51 AM)
The sunway belfield online brochures mention the prices for both Tower A and B. If you read the usual developers info and fine print below in the brochure. So max is 5% as regulatory wise they can't exceed this limit. Guess if market conditions worsen they may give more rebates. Current rebates are unattractive plus for 3rd loan, bankers won't give more than 70% but able to for sun velocity. Dont understand why...
*
Let's see if sunwai increases the rebates after this.my focus is always on net price.

Afaik, there are people buying type A at 8++ psf net for this tower A. Given the response for tower A, B should be launched soon. Excerpt from their article below

The developer is targeting mostly Malaysians for Tower A, Chong says. Tower B, which will be launched at a later date, is targeted at expatriates and the units will come with different furnishing.

“We have been contemplating the timing to launch because of Covid-19, but we see it as an opportunity for us, too, owing to the pent-up demand, as other developers are not launching projects. At the end of the day, property is still a good investment and hedge against inflation, especially with a good piece of property in a good location,” he says.

This post has been edited by Babizz: Feb 1 2021, 10:40 PM
ekorjiulai
post Feb 2 2021, 01:24 AM

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QUOTE(edkhan26 @ Feb 1 2021, 10:51 AM)
The sunway belfield online brochures mention the prices for both Tower A and B. If you read the usual developers info and fine print below in the brochure. So max is 5% as regulatory wise they can't exceed this limit. Guess if market conditions worsen they may give more rebates. Current rebates are unattractive plus for 3rd loan, bankers won't give more than 70% but able to for sun velocity. Dont understand why...
*
The reason is because APDL for Sunway Belfield was only issued after May 2020, and the special HOC treatment on 3rd property loan onwards only apply to projects launched prior to May 2020 (hence Sunway Velocity being eligible for loan > 70% for buyers with more than 2 property loans).

The primary purpose of the HOC is really to help developers to clear old stock and hence reduce the overhang units.

But I agree it doesn't make good sense since the units are still sold by developers... oh well...

This post has been edited by ekorjiulai: Feb 2 2021, 01:25 AM
VOLVOFORLIFE
post Feb 2 2021, 08:36 AM

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Most units already sapu already! Wonder if Sunway will still proceed with official launch for this project once MCO is lifted.

This post has been edited by VOLVOFORLIFE: Feb 2 2021, 09:48 AM

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