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Investment ONE COCHRANE RESIDENCES [MRT PROPERTY], Next to IKEA and Ikano Megamall + Hotel
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skalan
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 Apr 4 2018, 07:50 PM
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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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skalan
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Apr 9 2018, 06:12 PM
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QUOTE(DesRed @ Apr 9 2018, 06:55 AM) 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. 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. |
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skalan
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Apr 17 2018, 05:10 PM
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QUOTE(301 @ Apr 17 2018, 08:51 AM) Does anybody has the latest sales/availability chart up to date ?  Are u interetsed? But the entry cost and monthly maintenance quite high😥 |
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skalan
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Apr 18 2018, 04:29 PM
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QUOTE(301 @ Apr 17 2018, 07:21 PM) 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. |
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skalan
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Apr 24 2018, 01:22 AM
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QUOTE(firee818 @ Apr 23 2018, 11:36 AM) 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. I agree the main issue is pricing... if it is much cheaper with lower entry cost, i think most t units would be sold out by now. Remember , this is the only development with RESIDENTIAL title... suits owner occupier. Just wait for TRX to mature. |
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skalan
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Apr 24 2018, 01:25 AM
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QUOTE(301 @ Apr 23 2018, 10:50 AM) Congrats. That is more than a million...not within most people budget |
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skalan
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May 2 2018, 01:06 AM
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QUOTE(Babizz @ May 1 2018, 04:32 PM) Please refer to iprop and call and view for yourself. market is not so hot. many owners selling at a loss. if any velo buyer need to liquidate for wtv purpose will surely struggle with almost non existent subsale transaction. heard easy to rent out here but low yield I think you are referring to subsale prices of the first phase that VP in 2013. What was the net selling price then? 850per sq ft too? |
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skalan
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Sep 2 2018, 01:33 AM
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SV2 pricing very competitive.
One Cochrane any rebates? Such poor sales?
More than 10000 units going to settle in 2021 2022... so much supply..any demand to absorb?
This post has been edited by skalan: Sep 2 2018, 01:34 AM
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skalan
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Oct 2 2018, 09:40 PM
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New Member
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Chris tan and khalil came, gave some talk with free moon cake and price remain the same?
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skalan
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Oct 5 2018, 11:41 PM
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New Member
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QUOTE(Babizz @ Oct 3 2018, 07:26 AM) SV2 will make cockrane suffer further. all the best to investors Both are different products. One is for owner occupied the other may attract investors/speculators |
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skalan
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Oct 6 2018, 11:00 PM
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QUOTE(BEANCOUNTER @ Oct 6 2018, 08:41 PM) Does it really matter if its ownstay or stayed by tenant or mixed of both? Should pay attention on location and pricing b4 sink yr teeth in. it matters... owner occupier can pay a premium for a location, facilities, freehold status, facilities etc as you are going to live there and enjoy the facilities. but for investors, the mathematics and numbers must make sense with regards to cash flow of investment. no sane investors would buy one cochrane even at 850 per sq ft as the maintenance fee of almost 0.60 per sq ft itself would compromise your cash flow. |
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skalan
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Dec 13 2018, 02:07 AM
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QUOTE(marchome @ Dec 12 2018, 09:17 PM) One Cochrane super ambitious o.. LoL Really 吃饱卖包 Only time will tell whether this project would be successful? |
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skalan
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Mar 3 2019, 02:37 AM
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QUOTE(301 @ Mar 2 2019, 08:33 AM) Finally got special rebate . how much are the rebates? |
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