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

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Cavatzu
post Feb 23 2022, 11:10 AM

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Just pray that MRCS doesn’t sell out and have more say in their mission. Something like a first aid training centre or health workers hospice would be welcome.
Cavatzu
post Feb 23 2022, 12:31 PM

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QUOTE(Kiding @ Feb 23 2022, 11:29 AM)
That is why I booked a unit on Tower A facing south with unblock view last week, those unit facing PNB118 view is at high risk may not get the view they wanted in the future.

some more facing south cheaper if you don't mind the cemetery view and no balcony.
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Different strokes for different folks.

The price increase of 5-10% in blocks is similar to any project with subsequent phases. In this instance, there are tangible benefits in not facing a highway nor facing a cemetery and getting a city view. Most of the time in other projects, there’s no real differentiating factor beyond later launch dates.

The view and balcony may be important for me or the types of tenants I wish to attract. Don’t forget that cemetery views are a strike when it comes to sub sale.

This post has been edited by Cavatzu: Feb 23 2022, 12:32 PM
Cavatzu
post Feb 23 2022, 01:47 PM

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QUOTE(Jimmy2022 @ Feb 23 2022, 12:59 PM)
Just to clarify, I thought this 5.35 acres mix development is on the other side, not the one in front of Sunway Belfield. even though both are from Salcon.
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You’re right. The Belfield Crest development was meant to happen to the east of Tradewinds one. Salcon seems to have leases on these 2 plots of land which are owned by MRCS.

The land in front of Sunway I assume was meant to be a later phase of their development. Nothing’s been confirmed up till now.
Cavatzu
post Feb 27 2022, 11:00 AM

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user posted image
user posted image

These were taken last week.
Cavatzu
post Feb 27 2022, 12:57 PM

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I’m a bit puzzled why tower a and b are not sitting on a giant podium. I didn’t think the middle part was empty.
Cavatzu
post Feb 27 2022, 05:53 PM

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QUOTE(ZackQ @ Feb 27 2022, 02:58 PM)
user posted image

Can direct access into tunnel towards 118 from Belfield?
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Can’t really find details on this. It’s meant for cars of course but pedestrian friendly walkways are becoming the norm. If it’s convenient enough then you may have access to Merdeka MRt within 900 m.
Cavatzu
post Feb 28 2022, 09:08 AM

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Looks like the tunnel starts from the beginning of Jalan Belfield and it makes sense of course as the main purpose is to connect Jalan Damansara and Jalan Syed Putra with 118.

If that means less cars on Jalan Belfield then you may have a decent pedestrian experience.

This post has been edited by Cavatzu: Feb 28 2022, 09:14 AM
Cavatzu
post Mar 1 2022, 07:42 AM

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QUOTE(VOLVOFORLIFE @ Feb 28 2022, 01:52 PM)
Maybe Sunway might be keen to build the said walkway. After the strong take-up rate for blk A/B couple with a strong 2021 financial that was announced last week. Can try cucuk them and see their response. will help drive blk c sales too since HOC no more.
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Why would they? They’ve had such a strong sales response it doesn’t make sense for them to sink any more capital. If anything, it’s on PNB and their stakeholders to make this area a success and provide the infrastructure.
Cavatzu
post Mar 4 2022, 07:04 AM

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QUOTE(theballer @ Mar 1 2022, 10:17 AM)
How does it affect it ah? Just wondering
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There would be a lot of hype around the building and shopping mall when it’s done. This development would be deemed a “bargain” and FOMO will kick in. Usual sales and marketing tricks. Once again I commend Sunway’s sales strategy in a very trying period.
Cavatzu
post Mar 12 2022, 05:20 PM

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QUOTE(Jimmy2022 @ Mar 4 2022, 09:56 AM)
Development of Merdeka 118 provide opportunities to the local community, especially in nearby areas such as Petaling Street, Kampung Attap and Pudu to generate the economy.
Just a matter of time before Sunway Belfield price increases
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No guarantee that things will pan out how we think. I just like to think one shouldn’t lose money. The oversupply issue for high rises still has not been thoroughly examined as yet. External opinions of Malaysia are still very poor namely because businesses are held accountable on who they do business with nowadays. Poorly governed and kleptocratic governments with weak diversity standards are seen in a diminished light.

This post has been edited by Cavatzu: Mar 12 2022, 05:21 PM
Cavatzu
post Mar 16 2022, 08:28 AM

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From iherng’s Sunway Artesia review, I noticed he referred to a gazetted KL 2020 development plan so of course being the curious person I am, went to investigate and it’s available online.

Not necessarily conclusive but a hospital was planned for the plot of land in front of Belfield.

user posted image
Cavatzu
post Mar 16 2022, 04:39 PM

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QUOTE(Jimmy2022 @ Mar 16 2022, 04:25 PM)
What are the pros and cons if salcon build hospital?

can hear ambulance sirens everyday😅
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I’m hoping Sunway takes over the lease because they have the expertise for medical facilities. That’s potentially a pro along with a broader tenant base for housemans etc.

Con is noise like you said but I imagine red crescent is involved so it’ll revolve around first aid and humanitarian relief.

This post has been edited by Cavatzu: Mar 16 2022, 04:39 PM
Cavatzu
post Mar 16 2022, 10:17 PM

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QUOTE(Snacky1100 @ Mar 16 2022, 09:20 PM)
Hi I can almost certain that no hospital will be built here, at least not a tertiary one. And a secondary hospital like Columbia Asia doesn't make sense on the plot size too. However, an ambulatory care centre is possible.

My work is related to hospital planning, and a new hospital KM (kebenaran membina) and zoning approval in Klang valley are almost impossible to get from CKAPS nowadays, let alone the city centre.
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Don’t really care what is built as long as it’s not a 40 storey block of units.

Given that Red Crescent owns the land, I hope it’s used in a way that fits their mission. Though I suppose selling out to developers is a big boon to their balance sheet.
Cavatzu
post Mar 20 2022, 02:00 PM

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QUOTE(Eternallyus @ Mar 20 2022, 11:45 AM)
I am hoping to hear iherng comment on sunway belfield actually to see his insights. Does anyone know if there is an owners whatsapp group? Interested to join.
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It’s on FB. Look up Sunway Belfield Owners Group.
Cavatzu
post Mar 24 2022, 01:55 PM

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QUOTE(ryuuzaki @ Mar 24 2022, 12:55 PM)
Are there any recent buyers here? Mind sharing your psf? I just got quoted 980 psf for Block C, high floor facing 118. Is it good?
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Is this SPA or nett price? If it’s SPA then it’s about right, if it’s nett then Sunway has really jacked it up.

For reference, mid floor Tower B with 118 view for the smaller layout was around 815 psf nett
Cavatzu
post Mar 25 2022, 05:04 AM

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QUOTE(Jimmy2022 @ Mar 25 2022, 12:37 AM)
Type C In Tower A and Type C in Tower C
are totally different layout and built up size.
Can't compare apples to.oranges
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It’s the same just the balcony is 1 feet wider. The view is of course different. 30% premium for views, not an easy call but there will be people who will be keen.

This is more like Fuji apple vs Granny Smith apple. 😆

At almost 1k psf, a lot harder to compete for investment purpose. It’s great for bragging rights though. Better this than some random unit in Cheras asking for 1k psf.

This post has been edited by Cavatzu: Mar 25 2022, 05:09 AM
Cavatzu
post Mar 25 2022, 09:12 AM

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QUOTE(Jimmy2022 @ Mar 25 2022, 07:56 AM)
I think it's fair to compare if factors in all these :

*Facing unblock Merdeka118 view (high floor)
*Full freebies wet and dry Kitchen
*Low density
*Self contained facilities
*Quality materials like tiles on kitchen cabinet, windows handle, door closer at main door, high grade digital lock set, nice electrical panel.....etc
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Ok just to phrase it bluntly would you pay additional RM 300k for all that? The earlier phase is also partly furnished. Yea the main difference is you can pick the colour and wet kitchen gets fully furnished.
Cavatzu
post Mar 25 2022, 04:44 PM

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QUOTE(Jimmy2022 @ Mar 25 2022, 03:34 PM)
Haha, Just curious, how did you all get the difference of rm300k between the same type of unit from tower A and C ?
I think it might be a misinformation.
I believe the price difference shouldn't be that huge.
just my two cents.
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The math stands. Although we are comparing the same unit of the lowest floor in the first block vs the higher floors in the last block.

1130 * 980 psf = 1,107,400 nett

Majority of the type C were in the 700k+ range from my recollection.
Cavatzu
post Mar 26 2022, 02:43 AM

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QUOTE(Jimmy2022 @ Mar 25 2022, 08:50 PM)
user posted image
Tower A  -  Tower B     difference = 80k
Tower B  -  Tower C     difference = 50k
__________________________________________

Tower A  -  Tower C     difference = 300k ??

🤣🤣🤣
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What are you trying to prove? I just do napkin math as an example because people are being so thick.

If there’s roughly a 300 psf difference for a 1100 sqft property then yes it’s around 300k difference. I also gave caveat it was comparing the lower floor in A. It’s essentially the same layout but yes there’s vastly different views and incremental improvements so it’s a premium product. I did not rubbish it at all and said this type of unit will have its fans too.

Geez people can be such babies. If you’re a SA trying to deflect negative (real) comments, not doing a good job.

This post has been edited by Cavatzu: Mar 26 2022, 03:02 AM
Cavatzu
post Mar 26 2022, 09:32 AM

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QUOTE(SPHead @ Mar 25 2022, 12:53 PM)
For own use, should b subjective, some pay for c class some pay for s class merz, 300k top up for a same logo same car same function but if ones willing to pay for what they like and afford, is another story than investment purpose alone.
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I beg to differ. Even ownstay nowadays I feel should be somewhat investment grade. Our lives change so rapidly nowadays whether it’s an overseas job, divorce or a sea change that you would want pretty much the biggest asset in your life to maintain its value if not keep up with inflation.

This product is not a high end project and in fact has been viewed as a value for money product (earlier phases that is). Example I’d use is an AirAsia seat. You have paid 30% more for a “hot” seat which is the same product but in a better location.

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