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 Symphony Residence @ Kajang (Near Kajang 2 Area), worth to invest? ( RM285++ psf )

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rachel_xxx
post Jul 14 2013, 01:22 PM

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QUOTE(Chris Chew @ Jul 14 2013, 01:06 PM)
Price and concept is tempted.

But need to study further location and it's surrounding. I found a little bit, Kajang people still focusing on Freehold props within Kajang instead of Leasehold props.
*
I was thinking the same but MKH boulevard proved me wrong. Leasehold also ppl sapu.

I`m not sure actually who will be the target tenant or buyer. Will those work in KL move to Kajang once completion of MRT? hmm.gif
TSharveyhkw
post Jul 14 2013, 01:28 PM

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from our past history a lot of these investors are from putrajaya & cyberjaya. You will be supprise to see the figure. some landed property buyers up to 50% are from there....
TSharveyhkw
post Jul 14 2013, 01:30 PM

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What's d price for service apt in cyberjaya now? No mrt
TSharveyhkw
post Jul 14 2013, 01:33 PM

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We found out many of them that work at putrajaya n cyberjaya cant afford the premium property price there n start moving to kajang area
Chris Chew
post Jul 14 2013, 02:06 PM

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QUOTE(rachel_xxx @ Jul 14 2013, 01:22 PM)
I was thinking the same but MKH boulevard proved me wrong. Leasehold also ppl sapu.

I`m not sure actually who will be the target tenant or buyer. Will those work in KL move to Kajang once completion of MRT?  hmm.gif
*
Hmm, some typical buyers are really buying the name of developers, which I seldom unless fair prices or not too high compare to prevail market.

About the MRT, I think it would be a boost for the future, but in the short term after MRT / LRT completion, I don't see it will be a highly great booster due to KV is just not yet there with such demand of props near LRT / MRT and furthermore, within the new lines of MRT plus LRTs, there are too many new projects surrounded this line of MRTs/ LRTs.


TSharveyhkw
post Jul 14 2013, 02:13 PM

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Really would be interested to know how mkh boulevard buyers justify their buy. 420-600+ psf at kajang. Even though near future mrt station.
Baohulu55
post Jul 14 2013, 04:05 PM

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How long do we need to drive from kl to here ?
TSharveyhkw
post Jul 14 2013, 04:11 PM

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kl ah ? ? i drive use silk exit country height then go straight and use smart tunnel.....hm around 30-35m i think.....anyone here can comment on this? ? ? but if u use lekas to loke yew road then i think more jam
iwin_wai
post Jul 14 2013, 04:55 PM

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QUOTE(harveyhkw @ Jul 14 2013, 04:11 PM)
kl ah ? ? i drive use silk exit country height then go straight and use smart tunnel.....hm around 30-35m i think.....anyone here can comment on this? ? ? but if u use lekas to loke yew road then i think more jam
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I think no one can escape the jam from Lekas/silk/grand saga highway all the way to KL.From the tunnel till Silk still need to pass through a lot of traffic lights and u-turns. Might be rather jam at peak hour. But best to escape the town jam is to go through back road pass through hillpark home ,pass through the light warehouse industries then straight to Lekas. Thats might save plenty of time.


iwin_wai
post Jul 14 2013, 05:00 PM

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QUOTE(Chris Chew @ Jul 14 2013, 01:06 PM)
Price and concept is tempted.

But need to study further location and it's surrounding. I found a little bit, Kajang people still focusing on Freehold props within Kajang instead of Leasehold props.
*
Besides lease/freehold, i also doubted on Highrise play in Kajang area. Its a risk. PPl normally look for landed in this area,Semenyih area. But MKH planned big by taking risk into highrise. Hope it works.
neospider
post Jul 14 2013, 05:40 PM

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Wow...this is even cheaper than the nearby Ameera Residence by TLS.... Is this better bargain?

This post has been edited by neospider: Jul 14 2013, 05:41 PM
property101
post Jul 14 2013, 05:42 PM

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QUOTE(iwin_wai @ Jul 14 2013, 05:00 PM)
Besides lease/freehold, i also doubted on Highrise play in Kajang area. Its a risk. PPl normally look for landed in this area,Semenyih area. But MKH planned big by taking risk into highrise. Hope it works.
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exactly. highrise in kajang-semenyih it is still an unknown.

kajang high rise started by TLS about 10 years back in sepakat indah, sungai chua area. that area is now flooded by middle eastern and also some locals bought for own stay. the most recent pearl avenue was a success in capital appreciation. most bought at 210k and could now sell for 350k. however rental is still lacking some momentum. although cannot be rented out for good positive cash flow, most owners are not selling but only renting out.

kajang-semenyih area does not have much high rise to benchmark. the recent completed one is anggerik residency. rental demand still unknown. anyone familiar with the rental market in this area please enlighten me?
property101
post Jul 14 2013, 05:45 PM

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QUOTE(neospider @ Jul 14 2013, 05:40 PM)
Wow...this is even cheaper than the nearby Ameera Residence by TLS.... Is this better bargain?
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TLS package is more attractive with their entry package. psf SSH wins.
TSharveyhkw
post Jul 14 2013, 06:57 PM

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Property 101 and other sifus, may i ask products packages vs psf which one more of your investment preferences???

All go down to packaging wink.gif
cybermaster98
post Jul 15 2013, 12:29 AM

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At this price range, i would prefer without DIBS. The interest during construction is minimal and can be easily borne by the buyer. Keep in mind that any freebies offered has already been factored into the price. My question here would be what do the banks value the this area to be? Is RM 285 psf (after discount) a fair price? Im assuming this is only for the first floor units rite?

How much would the 1020 sf unit cost mid floor? What units enjoy the best view? How far is the nearest MRT station (in actual distance pls) ?
TSharveyhkw
post Jul 15 2013, 12:50 AM

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level 1-7 are retails, parking & facilities floor.....8 floor onward is 1st floor for the service residence. Hence the view starting 8 floor is quite not bad already.

Unless you like penhouse floor for own stay then the you add around RM2 psf per floor.

80% of the units are type A (1050 sf) & type b (1070) which are 268 units.

If you are looking at mid floor, which floor? if level 10 (out of 10 floor, 7 floor are retails, parking, facilities), actual level for service apartment is 3rd floor only. this floor you already enjoy good view

So 3rd floor, the price before discount for let say type A is RM338800+RM4000 = RM342800

RM342800 After 7%+3% discount is = RM309,240 / 1050 sf

Hence nett psf still: RM294 psf

Even at 8 floor, you also already have good & unblock view.


TSharveyhkw
post Jul 15 2013, 12:59 AM

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Let's get another example for penhouse floor for type A & type B as this 2 type are the typical type & it consist of 80% of the total units.

Penhouse floor price for Type A is RM364,800 before 7%+3% discount.

After discount: RM329,086 / 1,050 sf

MAX PRICE PSF for type A : RM 313 psf


Penhouse floor price for Type B is also RM364,800 before 7%+3% discount.

After discount: RM329,086 / 1,070 sf

MAX PRICE PSF for type B : RM 308 psf


This price is still lower than today secondary market Pearl Avenue @ appx RM315-320 psf

This post has been edited by harveyhkw: Jul 15 2013, 01:02 AM
shamhan80
post Jul 15 2013, 01:03 AM

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QUOTE(harveyhkw @ Jul 15 2013, 12:50 AM)
level 1-7 are retails, parking & facilities floor.....8 floor onward is 1st floor for the service residence. Hence the view starting 8 floor is quite not bad already.

Unless you like penhouse floor for own stay then the you add around RM2 psf per floor.

80% of the units are type A (1050 sf) & type b (1070) which are 268 units.

If you are looking at mid floor, which floor? if level 10 (out of 10 floor, 7 floor are retails, parking, facilities), actual level for service apartment is 3rd floor only. this floor you already enjoy good view

So 3rd floor, the price before discount for let say type A is RM338800+RM4000 = RM342800

RM342800 After 7%+3% discount is = RM309,240 / 1050 sf

Hence nett psf still: RM294 psf

Even at 8 floor, you also already have good & unblock view.
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The corner lot is type C and D yes?. So we can book already now? well I prefer to view the show unit first actually. How to book?
cybermaster98
post Jul 15 2013, 01:04 AM

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Well its not for own stay. Its for investment.

Need some info:

1) Expected completion date of the shopping mall?
2) Any anchor tenants confirmed?
3) How far from the nearest new MRT station?
4) Is the bank loan interest rate or panel of banks fixed by the developer or is it entirely between the buyer n the bank?
5) Can we get BLR - 2.4% minimum?
6) What are the surrounding developements? Open land? Any pics of the actual surroundings?
7) When is construction expected to begin?

This post has been edited by cybermaster98: Jul 15 2013, 01:13 AM
TSharveyhkw
post Jul 15 2013, 01:14 AM

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pls dont get me wrong. I would say this pricing has margin to flip to secondary market when ready in 3 years. type a & type b is the choice type for investment as bigger in size.

type C & D are corner units where you need to pay additional 5% premium. As for investor, i would choose type A & B (off course it is my own preference)

Shopping mall already got DO. Now discussing with few anchors tenant. Can't disclose until it is sign isn't?

Now piling work has started.

The developer will have panel bankers. Final List to be out by sept. rate would definitely be competitive

Any area that is not walking distant <500 meter to MRT i think it is fair not to highlight MRT point.

If really want to measure, i think it is around 4+ KM but base on google map calculation.

If you are really serious, I would advice you do visit to the actual site.

Thanks

This post has been edited by harveyhkw: Jul 15 2013, 01:23 AM

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