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 Savanna Executive Suites, Freehold by Mahsing

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wil-i-am
post Sep 24 2013, 11:29 PM

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QUOTE(propertybbb @ Sep 24 2013, 11:22 PM)
Biggest con is locatiom.....it is Bangi!!!! Omg!
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Wats wrong with Bangi?
MoonRider
post Sep 24 2013, 11:36 PM

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QUOTE(ceveori @ Sep 24 2013, 11:31 PM)
RM315k before added the estimated 5% interest,
Loan 90%,
For 30 year,
BLR 4.2%,
Installment RM1,398/ month
Maintenance + Sinking let say RM200/ month
= Total RM1.6k/ month

Definitely -ve Cashflow, will be lucky to rent out RM800/ month even without the fierce competition.

Nonono unless buy for own stay but again, better buy subsales nearer to KL for this price.
cool.gif
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I wish there is a 956sqt for RM318k (-5%) with 2 car park and near to KL. Maybe you can recommend...

But I do agree, for investment it may take a while for the new township to mature .. Holding power must for minimum 5 years .. that why this prop is for my weekend house.. cool.gif

This post has been edited by MoonRider: Sep 24 2013, 11:40 PM
zambrano
post Sep 24 2013, 11:40 PM

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QUOTE(MoonRider @ Sep 24 2013, 11:36 PM)
I wish there is a 956sqt for RM318k (-5%) with 2 car park and near to KL. Maybe you can recommend...
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anything near to kl built by so called 'reputable developer' is asking 650psf..
Buying tis prop is mainly due to new township and look for capital appreciation..
Rental wise dun hope too much
wil-i-am
post Sep 24 2013, 11:41 PM

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QUOTE(ceveori @ Sep 24 2013, 11:31 PM)
RM315k before added the estimated 5% interest,
Loan 90%,
For 30 year,
BLR 4.2%,
Installment RM1,398/ month
Maintenance + Sinking let say RM200/ month
= Total RM1.6k/ month

Definitely -ve Cashflow, will be lucky to rent out RM800/ month even without the fierce competition.

Nonono unless buy for own stay but again, better buy subsales nearer to KL for this price.
cool.gif
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Good analysis

propertybbb
post Sep 25 2013, 12:36 AM

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QUOTE(zambrano @ Sep 25 2013, 12:40 AM)
anything near to kl built by so called 'reputable developer' is asking 650psf..
Buying tis prop is mainly due to new township and look for capital appreciation..
Rental wise dun hope too much
*
Har? Buy condo n dont care muc abt rental? Landed i can understand. Condo le. It make no sense to inv in condo if potential rental cant even match installment..not to say there r maintenance fee to pay.

This post has been edited by propertybbb: Sep 25 2013, 12:38 AM
tongyk
post Sep 25 2013, 12:36 AM

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QUOTE(ceveori @ Sep 24 2013, 11:31 PM)
RM315k before added the estimated 5% interest,
Loan 90%,
For 30 year,
BLR 4.2%,
Installment RM1,398/ month
Maintenance + Sinking let say RM200/ month
= Total RM1.6k/ month

Definitely -ve Cashflow, will be lucky to rent out RM800/ month even without the fierce competition.

Nonono unless buy for own stay but again, better buy subsales nearer to KL for this price.
cool.gif
*
These are the people cannot buy a property in life, because they do not identify a good value property.

and these are the people who apply hope strategy, they wait bubble to come, when there's no bubble, too late that the properties are already exceeded their buying power.

FYI, nowadays new prop going for 500psf at least, Cheras only u know? Not talking about PJ or Damansara.


QUOTE(zambrano @ Sep 24 2013, 11:40 PM)
anything near to kl built by so called 'reputable developer' is asking 650psf..
Buying tis prop is mainly due to new township and look for capital appreciation..
Rental wise dun hope too much
*
FYI, there're still similar prop in KL about 300psf. However, those are old condos and most likely are leasehold with 70 yrs remaining.

it has to hold for while, if there's MRT line 3 linked in Bangi even better.

MRT 2 sort of confirmed, from Sg. Buloh to Selayang.
propertybbb
post Sep 25 2013, 12:40 AM

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Mrt to bangi? 2030 mayb..extend from kajang to bangi.
tongyk
post Sep 25 2013, 12:42 AM

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QUOTE(propertybbb @ Sep 25 2013, 12:36 AM)
Har? Buy condo n dont care muc abt rental? Landed i can understand. Condo le.
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Nah, don't listen to wrong info,

FYI, rental demands will be there, although it's near to Bangi, but some Bangi properties are not cheap at all.

I've done some study about rental in cyberjaya, for similar sizes are going for about RM2k per month with semi-furnished, and I tested, from site to cyber is just less than 20 mins away!

Not counting about cost of living after 3-4 years, I foreseen easy rental can fetch to RM 1.5k at least for now.
Actchan
post Sep 25 2013, 12:42 AM

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QUOTE(propertybbb @ Sep 25 2013, 12:40 AM)
Mrt to bangi? 2030 mayb..extend from kajang to bangi.
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Mrt kajang line will go to semenyih in next extension before 2017 . Or maybe 2016 . Bn promising @@
tongyk
post Sep 25 2013, 12:44 AM

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QUOTE(propertybbb @ Sep 25 2013, 12:40 AM)
Mrt to bangi? 2030 mayb..extend from kajang to bangi.
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Well, never say never, Bangi is a big town for malay and government like malays.

at least now extented from sg buloh to selayang.

For Kajang to Bangi/Cyber is just matter of time.

This post has been edited by tongyk: Sep 25 2013, 12:44 AM
zambrano
post Sep 25 2013, 12:46 AM

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QUOTE(tongyk @ Sep 25 2013, 12:36 AM)
These are the people cannot buy a property in life, because they do not identify a good value property.

and these are the people who apply hope strategy, they wait bubble to come, when there's no bubble, too late that the properties are already exceeded their buying power.

FYI, nowadays new prop going for 500psf at least, Cheras only u know? Not talking about PJ or Damansara.
FYI, there're still similar prop in KL about 300psf. However, those are old condos and most likely are leasehold with 70 yrs remaining.

it has to hold for while, if there's MRT line 3 linked in Bangi even better.

MRT 2 sort of confirmed, from Sg. Buloh to Selayang.
*
Agree, the value of tis prop cn only fully appreciated when the whole township completed.
Of course holding power needed as tremendous competition upon VP
Location no doubt nt good. But isnt that a successful township cn bring up the value of prop?
And tis is the 1st project of whole township, if still nonono then the subsequent development still whackable?
zambrano
post Sep 25 2013, 12:55 AM

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QUOTE(tongyk @ Sep 25 2013, 12:42 AM)
Nah, don't listen to wrong info,

FYI, rental demands will be there, although it's near to Bangi, but some Bangi properties are not cheap at all.

I've done some study about rental in cyberjaya, for similar sizes are going for about RM2k per month with semi-furnished, and I tested, from site to cyber is just less than 20 mins away!

Not counting about cost of living after 3-4 years, I foreseen easy rental can fetch to RM 1.5k at least for now.
*
1.2k is more realistic, tremendous competition need to be considered
tongyk
post Sep 25 2013, 01:14 AM

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People are more emphasize of quality of life for now, and that's why DPC/Setia Alam has shoot up to sky now. Those products are nothing special, community makes the game.

Not to compete but to attract tenants from who cannot afford cyber/putra, 3 yrs down the road, rental there should be higher.

Well~ to be frank I'm in real estate biz, 1.5k prop are just renting like vege, and yet 4k prop rental is still consider easy for me=D
rachel_xxx
post Sep 25 2013, 02:02 AM

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I don't understand. Rental here at 1.6k, many are worried and sound like mission impossible but new launches in kl min 2.5k studio 3k above for 2 rooms not impossible?

Note, I'm not vested in this.
rachel_xxx
post Sep 25 2013, 02:11 AM

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QUOTE(lynforum @ Sep 25 2013, 02:05 AM)
any benchmark this area?  hmm.gif
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No idea, just benchmark against new launches nearer to city. That's why I'm asking :-)
pummie
post Sep 25 2013, 05:30 AM

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personally, i have summarised the key risk factors ;--->

1. successful township (i have less worry on mah sing since their reputable... but this risk is more on the success of local businesses and community)
2. very high density (if turn out this area to be very "happening" place then ok lar... demand will go up despite huge supply)
3. competition from nearby projects within bangi area (similar completion time)... like decentrum, evo soho etc.
4. rental gain... well, if no. 1 risk can be waived then this one should be ok...

having said all the above, price level is still very tempting to many potential buyers like me rclxm9.gif
TSperi peri
post Sep 25 2013, 08:48 AM

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QUOTE(tongyk @ Sep 25 2013, 12:36 AM)
These are the people cannot buy a property in life, because they do not identify a good value property.

and these are the people who apply hope strategy, they wait bubble to come, when there's no bubble, too late that the properties are already exceeded their buying power.

FYI, nowadays new prop going for 500psf at least, Cheras only u know? Not talking about PJ or Damansara.
FYI, there're still similar prop in KL about 300psf. However, those are old condos and most likely are leasehold with 70 yrs remaining.

it has to hold for while, if there's MRT line 3 linked in Bangi even better.

MRT 2 sort of confirmed, from Sg. Buloh to Selayang.
*
Agree, these people know nuts in Property Investment and return. Everything expect positive cash flow without considering the potential appreciation and return. Same things happened to Setia Alam, in 2006, a lot naive says SA is nonono, now look at it now. Well, more short sighted buyers, less competition in market.
tongyk
post Sep 25 2013, 10:55 AM

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Guys, for your infor Equine Park already fetching RM1.2k for old apartment now (not sure about the name, but it's behing the new trinity service apartment Zeva Suite.

Actually there's no benchmark to make for this project, it's a township wherease others in Bangi are just condo/soho. Just 1 more toll down the road, Bangi lang might move there instead of Malays land in Bangi.

when it has fully developed, it will be diff type of story. it has about 420 Acres, same size as desa parkcity. If they turn out like Africa village then I've nothing to say la!! This will be Mahsing maiden township development, I believe it will turn out good.

Holding power is the key, hence it's freehold, why not to hold?

Note I'm not vested either, since I can afford more, I decided to vest in nearer location to my work for days to come. Maybe Pantai Sentral Park, but of course must see the pricing 1st:)
tehcc
post Sep 25 2013, 11:05 AM

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http://www.iproperty.com.my/developments/2...utive_Suite/#m1
read through about Savanna details and review. everything seems good, especially the price point.
the only downsize is the location. staying in Bangi and work in KL is like long long way for me. sad.gif

This post has been edited by tehcc: Sep 25 2013, 11:05 AM
xproc
post Sep 25 2013, 11:49 AM

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QUOTE(propertybbb @ Sep 25 2013, 12:40 AM)
Mrt to bangi? 2030 mayb..extend from kajang to bangi.
*
QUOTE(Actchan @ Sep 25 2013, 12:42 AM)
Mrt kajang line will go to semenyih in next extension before 2017 . Or maybe 2016 . Bn promising @@
*
QUOTE(tongyk @ Sep 25 2013, 12:44 AM)
Well, never say never, Bangi is a big town for malay and government like malays.

at least now extented from sg buloh to selayang.

For Kajang to Bangi/Cyber is just matter of time.
*
no planning for MRT line 1 2 or 3 for bangi.... line 2 from sungai buloh > serdang > putrajaya, line 3 is circle line within kl city area


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