Please pm me the price of this property

4 rooms logic for me

PM pls

this is listed in iproperty?

what is the current package now? agent please PM

total how many units for all blocks ya? 1 block 800 units?

and they both tower share 1 pool?

nice location with KL skyview wehh

Now with 2 block & total units is 448

thanks! are you the agent?

or any agent for this project?

This post has been edited by daimon: May 13 2020, 02:19 AM

agent pm with the latest package

if can survey the area rental online, it's 3K+

advantage of OC is low density.
but like any good projects that's selling at fair price/below market price, it's fully booked already.
good thing is, can still join waiting list la.

agent pm with the latest package

Things to consider while considering this project:

Exaggerated

1) I live near this area and it’s hard to get rent even past RM3k in current situation.

2) Why would anyone go for One Cochrane when you can have relatively better developments in Maluri like Velocity, UNA, Laville, Mira just one stop away?

3) One Cochrane isn’t pedestrian friendly. Distance to walk to MRT is relatively far (non-covered for now) and you’re risking getting
a worse deal since there’s a plot right next to it which might be phase 2 AND is nearer to MRT.

4) Maintenance fee last I checked was prohibitive. Have they revised it downwards from RM0.55 psf yet?

5) I don’t like the developer profile and backers at all. The main con is a Boustead subsidiary which is majority owned by LTAT. You can google LTAT or Boustead to know what kind of position they’re at.

Thanks for sharing your insights.
There’s no doubt that LTAT is facing some impairment but this isn’t coming from their properties division alone. It’s also coming from their heavy machineries and plantations. It would be complicated to only judge it from one angle. They have been reporting growing revenues despite that and are paying dividends still.
The MRT is about 3 minutes walk away. This is quite a healthy distance.

Sure #2. I guess everyone can do their own research and make price comparison.

Also, last I checked, OC is priced very competitively (also considering its free maintanence fee for first 2 years and attractive rebates), it has in fact offered one of the best deals in the area. Not trying to exaggerate but talking based on numbers n prices that I have compared. Also, considering the potential rental growth and property demand in the area once trx is completed next year. It looks promising.

agent pm me

agent mail me with the latest package，thanks

This post has been edited by samguo: May 24 2020, 12:00 AM

1) Boustead paid zero dividends for FY19 - https://www.theedgemarkets.com/article/bous...clean-its-books

2) Fire sale for parts of Jalan Cochrane asset -https://www.theedgemarkets.com/article/boustead-puts-jalan-cochrane-land-sale

3) MRT is most definitely not a '3 minute' walk away. The residential area for One Cochrane is recessed into the plot of land, behind the huge car park area. So is the MRT entrance. I'd say a 'healthy' 10 minutes brisk walk, rain or shine, is closer to the mark.

4) People don't own properties for only 2 years. And you'd be naive to think developer hasn't priced in this additional cost. Additional 'rebates' are usually priced in as well (otherwise first buyers would be disgruntled). Lowest nett price was around 830k (type A) when I surveyed late last year. Has this changed?

I'm curious on how you do your analysis. Mine basically says One Cochrane is a white elephant. Not close enough to walk to TRX so have to drive or take MRT. But if driving better take Continew since cheaper. If purely MRT better take Maluri area since got refurbished AEON and Sunway group facilities within walking distance. Unless you think having Ikea across the road is a heavy premium worth paying ?

This post has been edited by zack.gap: May 24 2020, 01:29 AM

First of all, I have to admit that I haven’t studied much of boustead financial numbers in detail. However last I can recall is that dividend is not the only way to gauge the financial health of a company especially a huge conglomerate like boustead.U can see a lot of growth companies don’t pay dividend and that doesn’t mean that they are good or bad. It’s just their decision to reinvest back. Also at times like this i can’t say it’s unwise not to fix their cashflow and operation health first. Beside the news that u posted, there are several good news like growing revenue, reduced operational cost that should be take note of too. For a property company to make money they have to spend money to develop and only see revenue starts coming in from the sales of property. You can see that they are more good news coming up especially on Palm oil since it’s coming back up again that would benefit the company compared to previous year. Again all these are fluid factors and shouldn’t be valued from one angle only.

Also, on the maintanence cost, it’s wiser to look at it at a wider perspective instead of ringgit and cents to other projects. In this instance, Maintenance fee is a function of density/facility and potential capital growth. I'm ready to bet the additional RM1k/year in maintenance fee for possible 0.5% better capital appreciation (eg RM45k/year). Again, this is highly subjective to what do you want from purchasing this property. If want cheap maybe this is not the one. If want value per ringgit invested, its worth thinking. I would rather choose higher potential return than cheap investment. Just like picking stocks. Of course everyone has their preference. But if I know I’m getting a good growth stock at under market value that has high potential to grow/ appreciate further, I would get it.

Also FYI, OC development has garnered an award for Best Transit Oriented Development (Future) from iproperty.com mainly contributed by its features of superior connectivity and proximity to conveniences and kL city centre. (This can be looked up and checked).

This project only becomes grade A if you have chance into the special deal. if walk in @ 850 psf, then forget about it