650k for a studio? wow...
Investment ONE COCHRANE RESIDENCES [MRT PROPERTY], Next to IKEA and Ikano Megamall + Hotel
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 Jul 19 2013, 10:09 AM
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156 posts Joined: Nov 2009 
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Jul 19 2013, 10:26 AM
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3,774 posts Joined: Mar 2012
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QUOTE(dreamerf_14 @ Jul 19 2013, 10:09 AM) 650k for a studio? wow... Result of Ikea and Boustead working together to earn our money |
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Jul 19 2013, 10:43 AM
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Senior Member
875 posts Joined: Apr 2006 
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Might as well get velocity with this price?
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Jul 19 2013, 10:47 AM
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Senior Member
1,747 posts Joined: May 2005 From: Malaysia
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QUOTE(Kelv @ Jul 19 2013, 09:53 AM) Just to share.... larger unit lower psf right. 800-900psf for larger unit doable1. Land tenure : Freehold 2. Price p.s.f : RM 1,000 p.s.f 3. There will be 800 units with size varying from 650 sq.ft to 2,700 sq.ft. 4. Tentatively, it would be launched first quarter of 2014.. 5. Our sales will be conducted by ballot exercise to determine the queue number. 6. Location: Facing Jalan Cochrane, next to MRT (the site has been hoarded). >RM650K sebiji studio. |
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Jul 19 2013, 10:48 AM
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Junior Member
72 posts Joined: Jul 2013
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first time heard ballot exercise for condo unit ..hahaha...
Although good investment prop. but how to buy with such expensive price , 1000 psft.  ? |
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Jul 19 2013, 11:25 AM
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Junior Member
484 posts Joined: Aug 2011
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gosh, 1k psf again....
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Jul 19 2013, 11:37 AM
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All Stars
10,722 posts Joined: Nov 2011
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got people rent studio with RM3k in this side of KL?
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Jul 19 2013, 11:49 AM
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All Stars
10,777 posts Joined: Sep 2009
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It seems they have thousands of people on their register list for this project.
RM1,000+++ psf... higher floors more expensive psf as you get better KL skyline view and the height of condo is much taller than Sunway Velocity. And lastly... it is a Mutiara Rini developer where its Mutiara Damansara is very highly regarded. If you realised, several big brands are now present in Mutiara Damansara. Ikea, Nestle, Procter & Gamble, AstraZeneca, Porsche, Lexus and the upcoming McLaren Malaysia. This post has been edited by accetera: Jul 19 2013, 11:51 AM |
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Jul 19 2013, 02:36 PM
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Senior Member
3,774 posts Joined: Mar 2012
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QUOTE(invest2013 @ Jul 19 2013, 10:48 AM) first time heard ballot exercise for condo unit ..hahaha... Got ballot for condo ar...8 kinrara, Damansara Foresta, TTDI Ascencia...Although good investment prop. but how to buy with such expensive price , 1000 psft. ? |
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Jul 19 2013, 02:39 PM
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Senior Member
3,774 posts Joined: Mar 2012
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QUOTE(accetera @ Jul 19 2013, 11:49 AM) It seems they have thousands of people on their register list for this project. Just wondering...for Mutiara Damansara made sense becoz surrounded by high income earnersRM1,000+++ psf... higher floors more expensive psf as you get better KL skyline view and the height of condo is much taller than Sunway Velocity. And lastly... it is a Mutiara Rini developer where its Mutiara Damansara is very highly regarded. If you realised, several big brands are now present in Mutiara Damansara. Ikea, Nestle, Procter & Gamble, AstraZeneca, Porsche, Lexus and the upcoming McLaren Malaysia. This area has big potential but may take longer time to go upmarket... |
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Jul 19 2013, 02:44 PM
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All Stars
10,777 posts Joined: Sep 2009
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QUOTE(CMW123 @ Jul 19 2013, 02:39 PM) Just wondering...for Mutiara Damansara made sense becoz surrounded by high income earners Not too long ago Mutiara Damansara was a jungle... next to Orang Asli hideout. Land was part of Bukit Lanjan reserve and come under Mukim Sg Buloh if not mistaken. This area has big potential but may take longer time to go upmarket... Fast forward today is a different story. |
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Jul 19 2013, 03:01 PM
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Senior Member
3,774 posts Joined: Mar 2012
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QUOTE(accetera @ Jul 19 2013, 02:44 PM) Not too long ago Mutiara Damansara was a jungle... next to Orang Asli hideout. Land was part of Bukit Lanjan reserve and come under Mukim Sg Buloh if not mistaken. Boss, but even at that time Mutiara Damansara (MD) was so near to BU, Taman Tun etc, many high income families nearby to fast track the success of MD...Fast forward today is a different story. But look around Cochrane...Jusco Maluri is not a good gauge of the current local neighbourhood as the shoppers come from many places. The ex-Carrefour there can be a good representation n visited few times...compared to the patrons of Tesco at MD, they are from two different world... So geographically Cochrane lack of the strong immediate surrounding income support... Am sure Ikea later will find that their shopper profile in Cochrane to be very different from those at MD... |
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Jul 19 2013, 03:34 PM
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All Stars
10,777 posts Joined: Sep 2009
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QUOTE(CMW123 @ Jul 19 2013, 03:01 PM) Boss, but even at that time Mutiara Damansara (MD) was so near to BU, Taman Tun etc, many high income families nearby to fast track the success of MD... I stay near BU/TTDI but wouldn't say that our neighbourhood was high income 10 years ago. Many were just young families then. But look around Cochrane...Jusco Maluri is not a good gauge of the current local neighbourhood as the shoppers come from many places. The ex-Carrefour there can be a good representation n visited few times...compared to the patrons of Tesco at MD, they are from two different world... So geographically Cochrane lack of the strong immediate surrounding income support... Am sure Ikea later will find that their shopper profile in Cochrane to be very different from those at MD...  Yes, you're right, the success of MD is location. As for Cochrane, I see this place something like Mid Valley - nothing previously but because of centre location between PJ and KL, the place start to boom after many years. Cochrane is actually the centre between Cheras and KL. It is no wonder that the MRT has to come here too in order to connect with Cheras. It will definitely take many more years for things to change. IKEA is targeting the average shoppers... so their factoring is more on volume ala population rather than gross income. But the IKEA in Cochrane will attract shoppers from all over KL/Cheras/Ampang side to come here for shopping. |
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Jul 19 2013, 03:41 PM
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Senior Member
7,923 posts Joined: Feb 2007 From: 1 Malaysia
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QUOTE(dreamerf_14 @ Jul 19 2013, 10:09 AM) 650k for a studio? wow... Haha |
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Jul 19 2013, 03:55 PM
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Junior Member
85 posts Joined: Feb 2010
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QUOTE(Kelv @ Jul 19 2013, 09:53 AM) >RM650K sebiji studio. Wow  |
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Jul 19 2013, 03:59 PM
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Senior Member
673 posts Joined: Jan 2013
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QUOTE(fairsot @ Jul 19 2013, 03:55 PM) Wow Kinda steep ler |
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Jul 19 2013, 06:51 PM
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Junior Member
484 posts Joined: Aug 2011
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QUOTE(tikaram @ Jul 19 2013, 11:37 AM) got people rent studio with RM3k in this side of KL? same thought here.... |
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Jul 19 2013, 06:58 PM
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Junior Member
263 posts Joined: Aug 2011
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QUOTE(Kelv @ Jul 19 2013, 09:53 AM) Just to share.... Ballot Somemore? 1000 psf somemore...nowadays developers quite lansi wo... 1. Land tenure : Freehold 2. Price p.s.f : RM 1,000 p.s.f 3. There will be 800 units with size varying from 650 sq.ft to 2,700 sq.ft. 4. Tentatively, it would be launched first quarter of 2014.. 5. Our sales will be conducted by ballot exercise to determine the queue number. 6. Location: Facing Jalan Cochrane, next to MRT (the site has been hoarded). >RM650K sebiji studio.  |
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Jul 19 2013, 07:39 PM
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Junior Member
445 posts Joined: Nov 2012
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Is close to IKEA a big plus point?! Target IKEA manager o?!
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Jul 19 2013, 07:56 PM
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Senior Member
6,549 posts Joined: Jan 2003
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but there getting more dangerous, heard got alot of snatch and run cases...
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