conLfirm nobody's mati after beli. they only mati due to aging.

with 788 sqft, i doubt it will be just 5xxk after discounts.

Smallest size is 788 sqft, starts from 680k after discounts.

Yes after rebate. Tower A/B/C total got 1330 units so take ur time

Is the balcony facing cemetery? I think it should be quite a distance away right? But in CBD usually that would not be major concern anymore.

Yeah this project would not be cheap though. Most of them are large units.


This post has been edited by propertyowner: Jun 17 2020, 04:01 PM

I like your choice of word of erect haha

The staffs hv additional discounts, so the cheapest units would already hoot by them.

The gd sentiment is not there to push thru Q4, especially when most are of larger sizes.

This post has been edited by propertyowner: Oct 9 2020, 06:44 PM

Sunway is wholly owned by local entity, ntg to do with Temasek.

https://www.nst.com.my/business/2020/08/619...k-after-weak-q2

Sunway posted a net loss of RM6.7 million in the second quarter (Q2) ended June 2020 from a net profit of RM246.5 million last year.

The group recently announced the proposed renounceable rights issue of new irredeemable convertible preference shares (ICPS).

It also announced the proposed sale of The Pinnacle Sunway as part of its strategy to further strengthen its capital base in the face of uncertain times ahead as well as to capitalise on any attractive acquisition opportunities which may arise from the economic fallout of this pandemic crisis.

Expect more details on the project itself instead of absolute distance to nearby amenities.

However 1 cp is the limitation for recent investment projects.

I realized many in CBD with 1 cp has good bargain nowadays.

Good sharing. Looks like "unblock" for many facets

Though APDL is obtained,

Package and car park etc are yet to finalize.

Psf is now range from 750 to 850 so likely it will be at higher price when launch in 2021.

This post has been edited by propertyowner: Nov 10 2020, 12:33 AM

And I didn't see Opus KL doing well with better location now

Opus or Belfield has already factor in the future price with PNB 118. It's not like the tower is still in the plan or far from being materialize.

Tourists will search KLCC or BB area to stay as 1st priority. Kg Attap is known as very old address for KL.

1.1B for 1330 units meaning the average price per unit is 830k.

For Opus and Casa Residency @ much lower density, closer to PNB118 & public transport, the asking rental is 1.8-2k for Belfield similar sized units.

So just prepare to bleed for 1-2k monthly (negative gearing) if buying for investment.

Yes asking rental can be referred as "Best Case" as the final commit will usually lower, which implying to bleed even more.

Moreover, that undevelop areas (not just Belfield) will comprise thousand of units in the roadmap. Similar scenario can be predicted just like Jln Ampang whereby the rental is pressed down from 3k to almost half today.

The ROI needs to be calculated as well, lower entry for so called investment grade units are very limited, just take 52 floors minus car park and facility podium and times 2 for smallest units. And lesser if one doesn't like the cemetery view from a distance.

And Opus demand is clear, just pass by that area several times in dinner time and obviously the take up is not there yet. In terms of target tenants - local community won't choose there as the surrounding is quite spooky at night, with some safety concerns + foreigners have no reason to stay there yet.

Logically, 750 psf will be bigger size units whereas 850 psf for the smallest; before price-in the floor premium pool premium total carparks etc.

Also to note, this is nett discounted price on the 1st 10% from a higher gross price.