The whole project looks more like an owner occupier product and probably they are trying to target foreigners, MM2H residents in view of its million dollar tag.

Investors may not be interested unless you do not mind cash flow negative and hold and rent while waiting for capital appreciation.

Proximity to TRX , this project and CONTINEW have upper hand.
No one has a crystal ball. Let us see how Boustead develop this area.

That means they'll be targeting the larger units coz those are priced at RM 1 mil and above. It'll just be another Picasso Residence where a number of buyers are wealthy foreigners if this is the direction they choose.

I wonder if Boustead plan to turn this area into their next Mutiara Damansara. Just have to wait and see like what you mentioned.

Does anybody has the latest sales/availability chart up to date ?

Are u interetsed?

But the entry cost and monthly maintenance quite high😥

Yes, it is a strategic location ... I knew 950 psf n RM 0.55 psf is high . I really want to invest a low selling price unit for this location and future capital growth in 5-10 years if I can loan up 85%-90% . Depend on how is owner to decide / think ... especially current slow down economy. When everyone scare to invest in this superb location in current time , we will enjoy the capital growth in future if we dare to invest it. These are my own opinion ..😅

Happy for you, my friend , great foresight.
I am sure very few speculators in this development.
Owner occupier driven with great potential for capital gain
Can wake up and say hello to ikea every morning...maybe breakfast there
I cannot afford it unfortunately.
All the best to you.

What ? strategic location then 950 psf and 0.55 can ignore ah ?

Wow i really think you work for the developer

+1. based on nearest comparison with better proposition, this one would have a nett yield of around 3%. appreciation is questionable given almost non existent subsales transaction.

This post has been edited by Babizz: Apr 23 2018, 07:13 AM

TQ bro🙏. Yea, it is long term investment . It seems some people like BMW coz of superb performance or some people like Honda coz of comfortable of pricing n fair performance ... no wrong or right in this statement .. it is up to individual to decide it 😅

did you get a unit there?

Seems like the only way investors can make money in this project is through late delivery payment charges by the developer. I heard that all purchasers have to sign the s&p agreement on the same day they placed their deposit.
With a net rental yield of 3%, and interest rate at 4.5% , One Cochrane is strictly for owner occupiers. It's a dud for investors.

Yea. Type 7

Totally agreed that

I think he is right. Looking for the mid or long-term investment, this location is superb with MRT station nearby, not to mention IKEA, Mytown and TRX financing centre.
Just buy if you have money, u won't regret.

This post has been edited by firee818: Apr 23 2018, 11:37 AM

I think the developer have priced in all the factors already...thats why the price is premium, selling at future price.

Just share my opinion , velocity sub sales 1200 psf , compact n nice with full amenities but accessibility via car is harder if compared to one Cochrane , looks like “standalone condo “ but to have walk certain distances to my town without covered walk way . These all the pro n con each developers. Phase 2 one Cochrane definitely higher than 950psf .. may be started from 1200 sf after phase 1 sold out . Furthermore, hotel besides My Town n existing sales gallery land will be developed also by Boustead. Don’t forget one more big land in front of bulatan pandan owned by J-land will add premium to this area and what about TRX development is ready in coming years ??? 🤔🤔🤔

I thought the land the current sales gallery its sitting on is leased from a gov't entity?

Looks like they're going to shift their sales operation to the project site coz I saw some construction going on there which looks like a sales gallery to me.

As for walking to MyTown, yeah, the owner/tenant will have to walk for a bit before reaching the MRT entrance which links to MyTown, but still acceptable.

The big land owned by J-land, is it this one you refer to?

http://wikimapia.org/#lang=en&lat=3.138288...718064&z=19&m=b

when was the last time BMW was integrated and below 50m to a perumahan rakyat???

No . Thie land as you shown in the map is one part of TRX development .