Investment ONE COCHRANE RESIDENCES [MRT PROPERTY], Next to IKEA and Ikano Megamall + Hotel
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 Apr 1 2018, 01:09 AM
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Senior Member
951 posts Joined: Nov 2005 From: Jager Bomb  
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QUOTE(dongding @ Apr 1 2018, 12:11 AM) Maintenance fee is at a whopping RM0.55 psf, not including sinking fund yet. With selling price standing at rm950psft with no rebate etc don’t see how this is a viable investment. Barring IKEA and MYtown, Surrounding is poor too. Lols, they are so confident with that kind of fee   |
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Apr 1 2018, 08:13 AM
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#802
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Junior Member
373 posts Joined: Dec 2016
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QUOTE(swiss228 @ Mar 27 2018, 11:17 AM) I think westhen answered your question: Sunway can sell higher because better enviroment and layout. I was there yesterday to scout around. Sunway Velocity is kind of like a mini city: upcoming medical centre, shop lots, shopping centre etc. Plenty of amenities and conveniences around. Maybe for an extra rm100 psf, you might think it's worth it. But, I think better to rent than to buy. Not investment grade...yet Sunway Velocity sold at 1200psf if I remember correctly. Subsale almost non existent. Worst still if Cochrane selling 950psf, will kill off any sunway velocity subsale market. |
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Apr 1 2018, 10:08 AM
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Senior Member
7,343 posts Joined: May 2005 
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QUOTE(dongding @ Apr 1 2018, 12:11 AM) Maintenance fee is at a whopping RM0.55 psf, not including sinking fund yet. With selling price standing at rm950psft with no rebate etc don’t see how this is a viable investment. Barring IKEA and MYtown, Surrounding is poor too. with sinking fund it will be close to 0.60 psf... wow  KLCC standard |
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Apr 1 2018, 11:23 AM
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#804
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Junior Member
30 posts Joined: Feb 2009
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Anyone there this morning for the queue? Can update how is the turn up?
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Apr 1 2018, 11:34 AM
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Junior Member
99 posts Joined: Oct 2010
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QUOTE(dongding @ Apr 1 2018, 11:23 AM) Anyone there this morning for the queue? Can update how is the turn up? Haha, looks like sambutan kurang from the Forumers here, especially with their pricing, layout and charges. |
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Apr 1 2018, 11:58 AM
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Junior Member
317 posts Joined: Mar 2013
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QUOTE(LaBoost008 @ Apr 1 2018, 08:13 AM) Sunway Velocity sold at 1200psf if I remember correctly. Subsale almost non existent. Worst still if Cochrane selling 950psf, will kill off any sunway velocity subsale market. Won't kill the subsale market if sellers willing to reduce the price to RM900 psf or less. Otherwise, let them wait & wait............for buyers. Buying property now is a sure loser in this market, low rental yield, low rental demand, no capital appreciation, high monthly service charges. |
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Apr 1 2018, 08:24 PM
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Junior Member
417 posts Joined: Mar 2008
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Total how many unit this projek?
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Apr 2 2018, 07:52 AM
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Senior Member
2,867 posts Joined: Dec 2013
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QUOTE(doggmeister @ Apr 1 2018, 06:17 PM) hmmm so far only 35 units deposits received...not as big a seller as expected? They can go for foreign buyers if the sales locally performed below expectations at this type of pricing arrangement...Either that or they should offer some rebates to push sales. |
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Apr 2 2018, 01:37 PM
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Senior Member
7,343 posts Joined: May 2005
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What is so impressive about the facilities until need to charge 0.55 cents maintenance fees without sinking fund
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Apr 2 2018, 03:26 PM
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Senior Member
4,226 posts Joined: Mar 2014
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QUOTE(doggmeister @ Apr 2 2018, 12:46 PM) cant decide between this and sunway, i think sunway has the better brand name? sunway everything can walk under covered walkway.... the strong branding and future developments just within vicinity |
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Apr 2 2018, 06:04 PM
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Junior Member
285 posts Joined: Aug 2011
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QUOTE(bigman @ Apr 2 2018, 03:26 PM) sunway everything can walk under covered walkway.... the strong branding and future developments just within vicinity Future development surrounding at one cochrane cannot be under estimated due to empty sizable lands still can easily find nearby this project particularly the empty lands beside Mytown, One Cochrane Sales Gallery etc. |
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Apr 2 2018, 06:26 PM
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Newbie
3 posts Joined: Dec 2017
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QUOTE(lowyatlau @ Apr 2 2018, 06:04 PM) Future development surrounding at one cochrane cannot be under estimated due to empty sizable lands still can easily find nearby this project particularly the empty lands beside Mytown, One Cochrane Sales Gallery etc. Do you have the details of those nearby empty lands? |
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Apr 2 2018, 06:27 PM
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Newbie
3 posts Joined: Dec 2017
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QUOTE(DesRed @ Apr 2 2018, 07:52 AM) They can go for foreign buyers if the sales locally performed below expectations at this type of pricing arrangement... Does anybody has the latest sales/availability chart as of today?Either that or they should offer some rebates to push sales. |
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Apr 2 2018, 06:32 PM
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Junior Member
317 posts Joined: Mar 2013
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QUOTE(senapang @ Apr 1 2018, 08:24 PM) Total how many unit this projek? Back of envelope calculations : 2 blocks, 37 floors, 6 units per floors: 444 units. Lower floors have another 10 units. Total: 544-2 tank units: 542 units total. If 35 ppl placed deposit, that means take up rate is 6.50% on first day of launch. For investors, how to make money? Some more, every month got to pay high maintenance fees. |
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Apr 2 2018, 09:12 PM
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Junior Member
417 posts Joined: Mar 2008
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QUOTE(selinix @ Apr 2 2018, 01:37 PM) What is so impressive about the facilities until need to charge 0.55 cents maintenance fees without sinking fund Due to low density maybe? Lesser unit equivalent to higher portion of maintenance fee |
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Apr 4 2018, 07:50 PM
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#816
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Junior Member
25 posts Joined: Apr 2013
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QUOTE(swiss228 @ Apr 2 2018, 06:32 PM) Back of envelope calculations : 2 blocks, 37 floors, 6 units per floors: 444 units. Lower floors have another 10 units. Total: 544-2 tank units: 542 units total. If 35 ppl placed deposit, that means take up rate is 6.50% on first day of launch. For investors, how to make money? Some more, every month got to pay high maintenance fees. Definitely not a cash flow positive property, but if you can hold for 5 to 10 years and get reasonably good rental, high potential of capital gain in years to come. Proximity to TRX, MRT cochrane with IKEA and My Town nearby...Mutiara Damansara 2 in the making.. |
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Apr 9 2018, 12:12 AM
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#817
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Junior Member
30 posts Joined: Feb 2009
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Kepoh and hence stopped by today. This is the Sales chart as at today. Super pitiful sales performance, literally more or less the same as before public launch last Sunday. A total FAIL.
 This post has been edited by dongding: Apr 9 2018, 12:13 AM Attached thumbnail(s) 
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Apr 9 2018, 06:55 AM
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Senior Member
2,867 posts Joined: Dec 2013
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QUOTE(dongding @ Apr 9 2018, 12:12 AM) Kepoh and hence stopped by today. This is the Sales chart as at today. Super pitiful sales performance, literally more or less the same as before public launch last Sunday. A total FAIL. Looks like a lot of takers for the 7L units. Must be a number of them also buying for own stay. But the rest aren't as popular.Have a hunch that sooner or later, they'll have to introduce some form of rebates to entice more buyers. |
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Apr 9 2018, 10:42 AM
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Senior Member
3,913 posts Joined: Nov 2004
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if still continue like this, will the developer postpone the project?
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Apr 9 2018, 10:47 AM
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Senior Member
4,226 posts Joined: Mar 2014
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QUOTE(adrian0229 @ Apr 9 2018, 10:42 AM) if still continue like this, will the developer postpone the project? please postpone.... so that other projects at Peel Road will outperform... |
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