Investment ONE COCHRANE RESIDENCES [MRT PROPERTY], Next to IKEA and Ikano Megamall + Hotel
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 Oct 8 2016, 02:26 PM
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#1
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317 posts Joined: Mar 2013 
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Is that the actual site of 1Cochrane? From goggle map, there seems to be 3 blocks of high rise buildings under construction at the junction of Jalan Cochrane and Jalan Permaisuri. Still wondering whether that's 1 Cochrane or another condo that has yet to be launched.
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Oct 8 2016, 04:56 PM
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#2
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317 posts Joined: Mar 2013
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QUOTE(westthen @ Oct 8 2016, 03:06 PM) The actual site is opposite my town right above the MRT station below... Hi,the 3 blocks is actually government staff quarters going to finish real soon.  Thanks for the info. I actually drove pass the area just now. The 3 blocks already completed! But, the paint on the buildings seemed a bit washed out, giving the impression that it was completed a long time ago. Ayama Maluri, though completed 3 years earlier, seems more fresh. |
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Oct 14 2016, 08:55 PM
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#3
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317 posts Joined: Mar 2013
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QUOTE(Realestate.my @ Oct 8 2016, 11:02 PM) Are they even serious about developing that area. Put some more government quarters. Can add value to the surrounding one? If I am considering buying One Cochrane, I would consider this as a serious downside. -RM100psf to -rm200 psf have to be factored into the calculations. |
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Mar 25 2018, 11:14 PM
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#4
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317 posts Joined: Mar 2013
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QUOTE(westthen @ Mar 25 2018, 10:43 PM) the layout is just weird Agree. Type 3,7 balconies seems to be recessed inwards and block by giant pillars. The nice city views is on the north west side, and the pillars seem to block it. If the pillars are at the side of the balconies, then that's the kind of view onwe would boast about.This post has been edited by swiss228: Mar 25 2018, 11:15 PM |
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Mar 26 2018, 11:12 AM
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#5
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317 posts Joined: Mar 2013
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QUOTE(westthen @ Mar 8 2018, 04:44 PM) lol buy this might as well buy SV2 u can even get a better view compared to this SV2 is more expensive, right?How's the pricing of 1Cochrane compared to the surrounding condos? Cheaper than Lavile? This post has been edited by swiss228: Mar 26 2018, 11:14 AM |
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Mar 26 2018, 04:56 PM
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#6
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317 posts Joined: Mar 2013
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QUOTE(westthen @ Mar 26 2018, 12:41 PM) not sure no indicative yet...but this is already 900 psf...if additional 100psf but better layout and enviroment y not....u have to be in that area to appericiate the difference between velocity and one cocharane...but still i think both are too high for investment and sub sale for cheras is I agree with your observations. Both are equally expensive, and within the time horizon we are looking at, the rental yields in this area is a loser. I think the sole advantage of buying now is you get to choose the best unit. There is potential in this area though, cos the gentrification process just got started. |
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Mar 27 2018, 11:17 AM
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#7
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317 posts Joined: Mar 2013
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QUOTE(firee818 @ Mar 27 2018, 10:21 AM) It is cheaper than Sunway Velocity. 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...yetBTW, why Sunway Velocity can sell at higher selling price? What I see is that the location of Cochrane is better than Sunway Velocity. Is it because of market downturn now? |
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Mar 27 2018, 11:51 AM
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#8
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Junior Member
317 posts Joined: Mar 2013
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QUOTE(bigman @ Mar 27 2018, 11:38 AM) Velocity can get rental RM3.5K for 850sf fully firnised... is not bad actually.... While scouting around there yesterday, I noticed there are 3 types of residences: V Residence, V Residence Suites, and V Residence2. The rm3.5k u referring to is for which type?if more western and China people move in...rental will picking up... |
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Apr 1 2018, 11:58 AM
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#9
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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 2 2018, 06:32 PM
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#10
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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 23 2018, 09:57 AM
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#11
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317 posts Joined: Mar 2013
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QUOTE(Babizz @ Apr 23 2018, 07:12 AM) +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. 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. |
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Apr 27 2018, 08:27 PM
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#12
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317 posts Joined: Mar 2013
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QUOTE(301 @ Apr 24 2018, 05:36 PM) Con : as you said block the view half .. A very old fashioned design. Current thinking is balcony space must be more interesting and capitalize on views. A good architect would have made a more inspiring design.Waste the space as can extend further at least 200 sf above and at same time , save your maintenance fees paying Pro : It is more personal privacy , the marked wall will block the sound or prevent somebody climbing to your unit..😅 hiding your sun clothes from seeing from outside 👍 It is privacy design concept n normally apply at high end condo ... if not mistaken . Anyway , you can view the scenery from your master bedroom window 😄😬😅 |
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Jun 4 2018, 11:17 AM
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#13
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317 posts Joined: Mar 2013
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QUOTE(gyrobug @ Jun 4 2018, 10:34 AM) Went for a visit on wesak day, still plenty of units left. My 2sen opinion:I'll say probably still 80% unsold. Quite shocked of the number of unsold units despite its prime location near to landmarks like mytown, mrt cochrane and TRX. Anyone knows why? 1. Not a very desirable residential neighbourhood. Still untested and unknown 2. At RM950 psf, its not cheap. Neither are the monthly maintenance fees 3. Poor room layout and design 4. Poor investment returns 5. Slow property market |
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