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Investment NOVUM @ SOUTH BANGSAR [OWNERS' THREAD], Could be most affordable in this area

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rainman19
post Jun 20 2015, 06:54 PM

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QUOTE(pylow88 @ Jun 20 2015, 06:36 PM)
is bangsar south worth to buy compare to old klang road area since both are very near to mid valley and price so much diff.
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I think 1 is bangsar south address another 1 is old klang road, this could b slight differences
ryan@chua
post Jun 20 2015, 07:09 PM

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QUOTE(pylow88 @ Jun 20 2015, 07:36 PM)
is bangsar south worth to buy compare to old klang road area since both are very near to mid valley and price so much diff.
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Check on their rental market, judge yourself
almaine
post Jun 20 2015, 07:14 PM

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QUOTE(ryan@chua @ Jun 20 2015, 07:09 PM)
Check on their rental market,  judge yourself
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Yes, bs rental much more higher
ryan@chua
post Jun 20 2015, 07:22 PM

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This post has been edited by ryan@chua: Dec 12 2015, 01:57 PM
onnying88
post Jun 20 2015, 10:33 PM

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QUOTE(pylow88 @ Jun 20 2015, 10:06 PM)
sadly im not investor. no cash to get few property. thats why need choose wisely. personally prefer BS. do u guys think BS area can goes up to 1200 psf in 2017 or 2019?
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I will say why not? No need wait til 2019, kl gateway already selling around that price and leasehold somemore.
HarpArtist
post Jun 20 2015, 10:49 PM

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QUOTE(onnying88 @ Jun 20 2015, 10:33 PM)
I will say why not? No need wait til 2019, kl gateway already selling around that price and leasehold somemore.
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wow didn't know gateway so high.
ryan@chua
post Jun 20 2015, 11:45 PM

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QUOTE(HarpArtist @ Jun 20 2015, 11:49 PM)
wow didn't know gateway so high.
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Ya, kl gateway really selling so high recently and still got market.
don't know most of the purchasers buy for own stay or investment ? hmm.gif hmm.gif

Can't see the rental market here growing well.
ryan@chua
post Jun 21 2015, 12:24 AM

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QUOTE(pylow88 @ Jun 20 2015, 11:06 PM)
sadly im not investor. no cash to get few property. thats why need choose wisely. personally prefer BS. do u guys think BS area can goes up to 1200 psf in 2017 or 2019?
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Actually this project might not so good for investment.
1. Tower a , b already kept for internal staff and vip, they sure get offer at lower prices than market prices open to public. Once vp, they will be your competitors and sure the winner no matter in rental or subsale market.
2. High Maintenance fees
3. Oversupply of high rise in BS
4. Developer hiding this hiding that, creat an unfair competitive environment to public investors, hard to do Entry/Exit plan for investment

My cheap cents
hakamika
post Jun 21 2015, 12:50 AM

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QUOTE(ryan@chua @ Jun 21 2015, 12:24 AM)
Actually this project might not so good for investment.
1. Tower a , b already kept for internal staff and vip, they sure get offer at lower prices than market prices open to public. Once vp, they will be your competitors and sure the winner no matter in rental or subsale market.
2. High Maintenance fees
3. Oversupply of high rise in BS
4. Developer hiding this hiding that, creat an unfair competitive environment to public investors, hard to do Entry/Exit plan for investment

My cheap cents
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how much is the maintenance fees?

chingkang
post Jun 21 2015, 08:12 AM

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I booked a unit 823 sqft 2 rooms 2 bathroom - about 820k with 10% discount, free S&P and Loan Legal (except Loan Stamp Duty). Hence, it is almost 900 per sqft. Also come with 1 car park and partial furnishing. For a freehold condo in Bangsar South, the direct competitor will be South View in the immediate vicinity, and probably YNH and UOA plots next to Novum in the future. Supply will be a lot and I am still trying to figure out the differentation points once the property is completed. Any thought?
mthc
post Jun 21 2015, 08:50 AM

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QUOTE(chingkang @ Jun 21 2015, 08:12 AM)
I booked a unit 823 sqft 2 rooms 2 bathroom - about 820k with 10% discount, free S&P and Loan Legal (except Loan Stamp Duty). Hence, it is almost 900 per sqft. Also come with 1 car park and partial furnishing. For a freehold condo in Bangsar South, the direct competitor will be South View in the immediate vicinity, and probably YNH and UOA plots next to Novum in the future. Supply will be a lot and I am still trying to figure out the differentation points once the property is completed. Any thought?
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My rough guess is that of you ever have doubt in yr purchase. It will not be a good purchase.
hakamika
post Jun 21 2015, 10:12 AM

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there is no perfect purchase of property...like we always said the time will tell after vp...even after it, it will still have it's pros and cons..so just follow your judgement..
ryan@chua
post Jun 21 2015, 10:17 AM

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QUOTE(chingkang @ Jun 21 2015, 09:12 AM)
I booked a unit 823 sqft 2 rooms 2 bathroom - about 820k with 10% discount, free S&P and Loan Legal (except Loan Stamp Duty). Hence, it is almost 900 per sqft. Also come with 1 car park and partial furnishing. For a freehold condo in Bangsar South, the direct competitor will be South View in the immediate vicinity, and probably YNH and UOA plots next to Novum in the future. Supply will be a lot and I am still trying to figure out the differentation points once the property is completed. Any thought?
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Southview launched at 750 psf last time after discount. The owner can offer lower rental to attract tenant, tenant will choose novum with few hundreds dff just because of better facade?? (both same location, and new)


Vannus
post Jun 21 2015, 10:28 AM

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QUOTE(onnying88 @ Jun 18 2015, 11:21 AM)
Currently got early bird package. Pm you now. smile.gif
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Please pm me the early bird package. Thanks
hakamika
post Jun 21 2015, 12:04 PM

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QUOTE(ryan@chua @ Jun 21 2015, 10:17 AM)
Southview launched at 750 psf last time after discount. The owner can offer lower rental to attract tenant, tenant will choose novum with few hundreds dff just because of better facade?? (both same location, and new)
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this have to see NOVUM how to make itself different from southview and add more value to its development.
Same thing like EXSIM to build their first Condo- THE TREEZ in bukit jalil, they try their best to make it outstanding. End of the day, finished product tell everything. Our entry to property investment is somehow based on timing, problem is we can't get the old price anymore, else we need to look for other place to invest.

This post has been edited by hakamika: Jun 21 2015, 12:09 PM
HarpArtist
post Jun 21 2015, 12:24 PM

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QUOTE(mthc @ Jun 21 2015, 08:50 AM)
My rough guess is that of you ever have doubt in yr purchase. It will not be a good purchase.
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boss everytime u purchase, u 100% sure? thumbup.gif no kidding, i'm impressed you must do awesome research and hv awesome force of character to be so confident.
mthc
post Jun 21 2015, 12:26 PM

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QUOTE(HarpArtist @ Jun 21 2015, 12:24 PM)
boss everytime u purchase, u 100% sure?  thumbup.gif no kidding, i'm impressed you must do awesome research and hv awesome force of character to be so confident.
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Nope. That is why I said "my rough guess".
Alexzis
post Jun 21 2015, 09:30 PM

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QUOTE(onnying88 @ Jun 10 2015, 11:33 PM)
Pmed, please check your inbox ya.
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Pls PM me as well
onnying88
post Jun 21 2015, 10:14 PM

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QUOTE(Alexzis @ Jun 21 2015, 09:30 PM)
Pls PM me as well
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No problem! Please check your inbox.

Did you guys know that in future you only need to take lrt for one station to reach mid valley?
lightwerker
post Jun 21 2015, 10:47 PM

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QUOTE(onnying88 @ Jun 21 2015, 10:14 PM)
No problem! Please check your inbox.

Did you guys know that in future you only need to take lrt for one station to reach mid valley?
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pls pm me rclxms.gif

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