still worth for investment ? Surrounding by many flats and condo.

first time heard ballot exercise for condo unit ..hahaha... 
Although good investment prop. but how to buy with such expensive price , 1000 psft. ?

More than 5,000 registrants... apparently!

just check MRT website lah bro....already public.
MRT 2 closest to here is Chan Sow Lin station, 2nd would be TRX maybe......both not exactly walking distance.
Selling point is MRT 1 Cochrane station.

So for the current MRT1 that runs underneath, is there any potential vibration to the apartment?

Sunway Velocity has 2 MRT stations with route running underneath and less than 200m... is there any risk to the hotel and residence units at Velocity?

PETALING JAYA: Boustead Holdings Bhd
image: https://cdn.thestar.com.my/Themes/img/chart.png

’s subsidiary, Mutiara Rini Sdn Bhd, will acquire a prime land worth RM143.5mil in Kuala Lumpur from Lembaga Tabung Angkatan Tentera (LTAT).

In a filing with Bursa Malaysia, the company said the proposed acquisition is aimed at expanding Boustead’s land bank and investing in strategic property projects in the capital.

According to Boustead, the 6.59-acre land in Jalan Cochrane will be acquired at a discount of 0.35% or RM500,000 to its market value. The purchase is expected to be fully funded by the proceeds from the group’s rights issue exercise, which was completed in June 2016.

In a separate statement, Boustead deputy chairman and group managing director Tan Sri Lodin Wok Kamaruddin said the land purchase would benefit the group’s property division, moving forward.


He said Boustead’s strong track record in the property development sector would enable it to leverage on this potential.

“Indeed, the group’s property division has successfully completed existing projects within the same vicinity, including the MyTOWN Shopping Centre and the soon-to-be-launched One Cochrane Residences.

“We are confident that the acquisition of this land will enable us to further accelerate our growth strategy for the division in the long run,” he said.

The freehold land has been earmarked for a high-rise residential project, with an expected gross development value of RM1.15bil. The project is expected to be launched in 2019 and completed within the next three years.
Boustead is likely to fund the development through a combination of bank borrowings and internally generated funds.

The land acquisition, which is conditional upon the approval of the relevant state authority, will not have any material effect on Boustead’s earnings for the financial year ending Dec 31, 2017.

However, upon completion of the proposed development, the potential profit contribution is expected to enhance Boustead’s future earnings.


Read more at https://www.thestar.com.my/business/busines...LvbfYIwyW6Sx.99

Brochure, etc and buying procedure all updated in their official website.

Looks like RM 950psf nett and no discount etc.

Pay 10% and then SPA to be signed on the same day. Nice

Check the brochure's layout plan - they are stated there.

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

How much does  one unit in one cochrane going to cost if buying now ？any unit available?

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 😅

Velo 1 subsale can go to as low as 850psf asking (called and verified with agents myself), why compare 1.2kpsf of the most recent or most expensive in velo??

Investors know that most condos asking prices are below banks valuation but made to understand vr2 bank value is lower than subsale asking prices. perhaps another  reason for the non existent subsale market.

Surrounding that area still have ample of reserve land for future redevelopment like Jalan Cochrane, Jalan Peel, Jalan Cheras etc. So how best we can wait? Nearest new launching should be SV2 which going to launch on next weekends.... 

center cannot be bath room meh?