Welcome to Setiawalk thread version 3!

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This post has been edited by davkong: Aug 16 2013, 09:09 AM

http://www.thestar.com.my/News/Nation/2013...Q1-of-2016.aspx

The completion of Syarikat Prasarana Negara Bhd’s Ampang LRT extension project is now expected to be completed in the first quarter of 2016 after running into problems at its site near the SJK (Tamil) Castlefield.

The school with 500 students and 35 teachers currently occupies a 1.01ha site along Jalan TPP 1/17 in Puchong, Selangor.

According to Prasarana, the project’s contractors were chased away by the school’s representatives on Wednesday when they tried to secure a work area located along the edge of the school compound.

“We have obtained all the relevant approvals in order to enter our work site there.

“The school is currently on state land and the Land Office gave us approval to enter the site in early 2011,” Prasarana’s development division group director Zulkifli Mohd Yusoff said in a statement here yesterday.

It was previously reported that about 150m of the alignment would pass through the fringe of the school’s field, an area that Prasarana’s contractors would fence up before commencing construction.

The company said that its contractors had met with similar incidents when they had tried to enter the earmarked area in November last year.

Good ah, thread v3 already..

why the 2 bedrooms rental so low?

What is the figure?

Congratz SW v3!!!

my friend rent out 1500 only ( with some fitting like kitchen cabinets, 3 aircond, water heater etc)

that's really low. may be chincai rent ?

It's quite low. I rented out my unit at 1800 with similar fitting.

he said that the market there wo. so that's why i ask why rent so low?

so better to sell or not at 450k?

If your friend offer 450k for 1007sf unit, I think the agent himself will grab it first.

I hope he sell to me first.

Anyone get tenant from Dhl?

I will take it too..

An agent brought a hot Singaporean DHL lady to visit my unit earlier, but she prefers studio so ended up tak jadi

Congrats V3! Wow so many things hv changed since 3yrs back!

Davkong, your SW photo damn chun la...

Lol..bro, i copy pasta from other ppl's creation... credit in the photo's watermark

U are investor sleeping to earn money. U go out and earn real money see if u can afford to pay rm1500...

hehehe, i won't pay rm1500 rental for sw loh. but i will rent outat rm1800.

i did the yield for my friend it is just 3.x% only from market value.

investor also need to rajin collect rent no matter rain or hot day, cannot sleep at night due to nightmare due to tenant not paying, building collaps like highland tower etc etc. no free lunch boss.

boss, u r absolutely correct..a 2 b/r unit 1007 sf c/w fittings n k/cab on lowest floor of R2 indeed was let out at a miserable rm1500 2 months ago to a knowledged worker from india. However, that unit is 1 of the very few exceptions that forever cannot make it lah. Its reason was already given in v2.

some of R2 rental tranx concluded in Jul/Aug.
A similar 1007 sf unit (fully renovated + f/f) on high (sky gdn) floor let out to a gwailoh for rm2500.
2 units 845 sf 1+1 b/r (renovated kitchen only + f/f) on same floor as above unit let out to jap n sporean (hottie) expat for rm1800 each.

m sure those active agents/negotiators covering n stationing in sw can surely attest to the authenticity of these tranx.

This post has been edited by aquest: Aug 16 2013, 07:38 PM

Wow...thanks Mr Davkong...for bringing us to thread 3

In the first place is u all support to goreng up the price. And because buy at high price u have to ask for high rental but the peoples income did not rise.

just wait when BN increases the interest rate, many ppl beh tahan will have to unload negative cash flow properties. then will become buyers market.

a coin have 2 side la.

there is no free lunch boss.

doubt BNM has the stomach for higher interest rates, especially when public debt is already so high.

a case of shooting one's own foot. hehe.

BN wont increase the rate so soon in order to maintain popularity. smart investors wont let go their properties, only those speculative & lousy ones

Hi guys, would like to ask if there is any choice for proper internet accessibility?

We opened a cafe The Journey and is using Yes 4g. Though the speed is fast, but because of the quota we can only have sustain such speed for 1 week+ only.
Would really want to provide good wifi accessibility for people to hangout, but really out of ideas. Thanks

limit it to 1 hour per user/access point?

block
*.youtube.com

video.ak.fbcdn.net
video.l3.fbcdn.net

for all facebook and youtube video.

Thanks. But i am using zoom 4g, which doesnt have the ability to block certain sites. It just broadcast the wifi only..
Willing to pay for service to anyone who can trottle any user's speed to speed that i prefer, if it ever can be done..

Put a wifi router connect to the Zoom 4G.

You can then set the rules in the new wifi router.

Let your customer connect to the new wifi router.

Done.

Seems like one side heavy for now..

Selling prices keep going up and up, investors think rental also can go up and up. Do that and no one is renting...

southeast is facing ldp?

Ok interest rates havent gone up but you can see bnm has been increasing loan requirements making it less easy to obtain loans. Rental go up when LRT completed? provided the economy keep growing and growing.... It can if it is real growth. but speculated growth will always lead to bubble bursting. Read what happened to japan from 1985 to 1991. Japan's economy still have not recovered till now!

I'm not sure how true if one say japan's economy has not been recovered due to crisis some time 20 years back.

But the fact is the current property price in japan is already much much much more expensive ... anyone disagrees?

http://www.doctorhousingbubble.com/japanes...-united-states/


House prices in japan has fallen to where it was in 2003..

Hold until yr 2016 LRT completed?

dont worry about japan. most of Malaysians worship japan, as i dunno why!!!

Any shortcuts from setiawalk here to bandar puteri… by walking?



Source: https://www.facebook.com/photo.php?fbid=326...&type=1&theater

I think you can walk from the back of Setiawalk

Worship Japanese in terms of what?

But I really like their living and working culture. Work when work and have fun when play. Walking also different. Their attitude is quite good overall. If u drop a wallet in their restaurant in Tokyo, it would be stil there or they take it and run to get u.

Tried? So, it is possible?!

Most Malaysians are quite disillusioned about Japan and HER products. Toyota cars were recalled in USA, Europe & China in the previous years, but Malaysia did not do so. The contamination is the latest complication to arise as part of the cleanup of the Dai-Ichi plant, which suffered meltdowns as a result of the March 11, 2011 earthquake and subsequent tsunami. Government officials said that at least 300 tons of radiated water was flowing from the plant into the ocean each day. Well talking about culture.....this devastation of pouring 300 tons of poison in the sea is good? Kindly read & assess accordingly....

Everything has its flip sides, both bad and good. We just filter and learn the good things lor.
IMHO, i think we can learn few things from the Japs such as good discipline, civic mindedness, cleanliness and innovation.

*Sorry, distract a bit from this thread...

Hahaha...its certainly distracting. But the idea of devastation that caused by the Japanese during WWI & WWII and now the 300 tons of poison into our sea is not a joke. Culturally, the Japs copied the culture from China concerning the Zen & Confucius theories.

Maxis reverted after my complaint to MCMC on the non-availability of fiber internet at Setia Walk.

Bad news:
No timeline as to when fiber internet will be made available at Setia Walk.

Good news:
Maxis is "upgrading" the existing copper lines at Setia Walk. Quota-based packages for internet speeds of 8-10Mbps will be made available by Maxis in the next 1 - 1.5 months.

not bad afterall. meanwhile got other option like Yes4G

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This post has been edited by linkor: Aug 19 2013, 01:49 PM

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This post has been edited by linkor: Aug 19 2013, 01:49 PM

HI anyone know of the launching price of those shop lots in SW? There might be some variance depending on the size/type.
Say for those typical build up shops of 1,455sqf/1451sqf for 1st/ground floor type?

was around RM700psf ground. now rm1500psf also consider cheap

what about the 1st floor retail shop? could it be around rm350-400psf?

Bro any new shops launching at rm700psf anymore? Or all 1 hr away from KL?

First floor it is now from RM850psf upwards. Ground RM1200psf upwards.
For ground floor prime location facing water feature (eg. Amelio, Muzeum, Starbuck, etc), willing buyer rate is now RM2,500psf but no willing seller!

No such thing RM2500 psf. Even RM2000 psf for corner unit is still very hard to find buyer.

Anyone want to sell their shoplot? must face LDP

another bank coming into SW

That's so cheap rm700

Which bank?

make a guess, bank which not yet in Puchong golden mile.

just mention it here la, no point play the guessing game

SW will do well & all depends on the management & maintenance of the place. This team must be proactive & vibrant in order to excel.

The service apartment still available? how much? what's the maintenance fee?

I dunno also..
Islamic Bank?

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This post has been edited by UFO-ET: Aug 22 2013, 10:17 AM

Scotiabank?

Quite hard to guess but not important lar. If the bank is still not in Puchong golden mile, it must be not so popular.

Bank Of America? hahaha

Must be PRIME corner unit - not any corner unit and without encumbrances such as long lease. I know of ready buyers now. I have even listed the units. Any sellers? PRIME intermediate unit already transacted at over RM2k psf bro! Even the slightly less prime corner Bata unit would not even want to consider RM2.2k psf. Transacted price for a normal inner facing corner unit is around RM1.5k psf. Off course RM2k psf not easy to sell - especially those facing LDP.

Bank Islam same row as Caring ?

hehehe Vestor got very good info.

RM2k up psf means rental at least rm9psf up to make a good yield.
but if I got $$$ and it is a prime unit (same row with starbucks), I will buy

wow...investors off loading on most asset classes which have a hot money outflow

I saw Affin bank sign the other day

Unfortunately, even at RM2k psf no seller for that roll - only a waiting queue of buyers!

This post has been edited by a123: Aug 22 2013, 05:49 PM

haha..heard from some tktt here..



btw how do you derive "good yield"? Any special formula to calculate?

Nowadays, 5% yield consider good to me, different ppl different standard.
Rm9 x 12 months = 108
108 / 2000 psf x 100 = 5.4% gross

No special formula

what about the opposite block - the Tipsy Brew and Juice D' Fruitz row? what's the queue like, if any?

Juice D 'Fruit row ground floor= No buyers' offer and no sellers offering their unit to market.
Tipsy Brew row ground floor= Asking prices of above RM2k psf are too high for buyers to consider at the moment.
Any one interested can let me know.

Shops are for those who has good cash flows & business intuitive individuals

We just need one very successful business near Tipsy brew and make 2k price worth it. hahaha

rm7psf rental still low lah. got many upside.

2k ground floor. Agent say valuation around there?

how about the potential of the offices above?

As per today, landlords should not be too greedy & rent out their units at fair rentals. With the huge capital outflows, many businesses are affected badly & if rentals are high even RM2K per sq ft shop can be closed down. A RM2K per sq ft shop lot that is abandoned will look bad & perhaps have to let go at huge discount.

IOI Boulevard offices is far better deal compare to SW offices

1) Unifi at IOI Boulevard. SW office uses maxis ADSL.
2) Boulevard closer to many banks.
3) Easier in & out at Boulevard.
4) 2 Glass doors entrance at Boulevard vs 1 fire rated door at SW.

What u say make sense...

But strangely for Boulevard if u look up, many units still vacant...

Those vacant one are mostly large corner unit or those facing mainroad which are holding by IOI. Before mid this year, they were asking RM4/psf rental.. almost no taker !.

Now heard they are willing to reduce the price to RM2.5/psf . hopefully will fillup soon. IOI very lansi, no ground for nego.

Those sold unit many already filled up.

Whoa, drop from rm4/sf to rm2.5? That's a lot! Broadband is a problem in setiawalk. Exabytes not facing any problem?

linkor boss, between office and retail shop, which one do you think has more legs to run? In particular referring to Puchong area.

Definitely retail shops in long run. Office got no supply issue, can grow vertically. Some more nowadays got soho everywhere.

Subang Condo Bans African Tenants.

“African” tenants at a Bandar Sri Subang condominium here have three months to vacate their units after the building’s management slapped an unprecedented occupancy ban on them last week.

The decision came after the majority of Ridzuan Condominium residents voted in an annual general meeting (AGM) held on July 6 against renting their units to foreigners from the continent, whom they allege to have “caused a lot of nuisance"

Link below:

http://www.malaysiandigest.com/news/36-loc...an-tenants.html

Hi..thanks for letting us feedback on action taken in Ridzuan Condominium. All property owners of Setiawalk must be careful on acceptance of "Black" money i.e. also not to be too GREEDY and rent out your units to Blacks. By doing so, we can protect the image of Setiawalk and upkeep the commercial value of the project. If property owners who are too GREEDY about rental, first places shouldnt have invest in Setiawalk.

What the RA can do if they refuse to move out ?

Yes....thats a difficult question!!! But some Malaysians are so annoyingly ignorant & dont even keep up with the news of these social problems. Even they know that Blacks are 'disease', they still rent out to the Blacks. So stupid & dumb.

The RA does not have to power to ban owners from renting their own units to certain people.

This post has been edited by puchongite: Aug 26 2013, 12:58 PM

Action as per "Enforcement" in Deed of Mutual Covenant(DMC) can be initiated. Includes "Management may suspend all and any rights and privileges of the owner for a specified period without in any way relieving the Owner of its obligations herein including ....".

Depending on lease agreement signed, owner with Afican tenants may have to suffer big losses reimbursing their tenant. DMC is usually written in such a way owner has little options. Can try to go to court for a test case.