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 pj mIdtOwN, PJ SECT 13

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CMW123
post Jun 9 2014, 12:53 PM

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Conclusion from Propcafe:

Conclusion :

Pricing, in terms of pricing, the units are offered at similar pricing to the Pacific series, 63 and Star, which I deem as not as more inferior to Midtown’s location. Whilst LRT is not a definite selling point, the developer sells the development on the merit of its locality and not so much on LRT connectivity.

With the current Jaya One Evo estimated asking rental of RM2000-2500 and subsale of RM 830psf, the Midtown project is deemed fair price in this location.

The facilities are rather limited, and to be shared with 2 blocks. Future development of the surrounding industrial estate should do well for this project. Location of being in heart of PJ, proximity to University Malaya, University Hospital, as well as easy access to Sprint/Kidex/Federal Highway means it is in an area with big population pool.

Target market ? Ownstayers perhaps – due to lack of new mass market sized condos (in the region of 1000sf) coming up in PJ. There are some rental potentials once the area develops, specifically for the smaller units.. But owners should expect a below average rental yield, due to competition from small sized units in the area (e.g. Pacific series, Centrestage). Large sized family units should be quite safe.

Upside potential on flipping – quite questionable, given its already rather high entrance price.
psho
post Jun 9 2014, 02:06 PM

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QUOTE(CMW123 @ Jun 9 2014, 01:53 PM)
Conclusion from Propcafe:

Conclusion :

Pricing, in terms of pricing, the units are offered at similar pricing to the Pacific series, 63 and Star, which I deem as not as more inferior to Midtown’s  location.  Whilst LRT is not a definite selling point, the developer sells the development on the merit of its locality and not so much on LRT connectivity.

With the current Jaya One Evo estimated asking rental of RM2000-2500 and subsale of RM 830psf, the Midtown project is deemed fair price in this location.

The facilities are rather limited, and to be shared with 2 blocks.  Future development of the surrounding industrial estate should do well for this project.  Location of being in heart of PJ, proximity to University Malaya, University Hospital, as well as easy access to Sprint/Kidex/Federal Highway means it is in an area with big population pool.

Target market ? Ownstayers perhaps – due to lack of new mass market sized condos (in the region of 1000sf) coming up in PJ.  There are some rental potentials once the area develops, specifically for the smaller units..  But owners should expect a below average rental yield, due to competition from small sized units in the area (e.g. Pacific series, Centrestage).  Large sized family units should be quite safe.

Upside potential on flipping – quite questionable, given its already rather high entrance price.
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Selling Price high? Ekovest at Cheras selling at RM700psf, Subang at RM1,100, ICity at RM1,400..so can we say it is reasonable?

A lot of supplies means that this place is in developing stage? Hence, if we go in earlier..we can enjoy a huge gain once it is matured.
chelsea2013
post Jun 13 2014, 10:11 PM

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buy putra residence....much more cheaper
psho
post Jun 13 2014, 10:30 PM

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QUOTE(chelsea2013 @ Jun 13 2014, 11:11 PM)
buy putra residence....much more cheaper
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Yes, it is cheaper.
But Putra heights is not as busy as PJ.
liquid_angel86
post Jun 19 2014, 01:40 PM

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Bought 600sft unit.....
gordan76
post Jun 19 2014, 03:44 PM

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QUOTE(psho @ Jun 13 2014, 09:30 PM)
Yes, it is cheaper.
But Putra heights is not as busy as PJ.
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Putra height is like proton and PJ is like audi, cannot compare lo....
psho
post Jun 19 2014, 10:14 PM

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QUOTE(gordan76 @ Jun 19 2014, 04:44 PM)
Putra height is like proton and PJ is like audi, cannot compare lo....
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if can afford an Audi..then why not?
It is easier to rent out...

gordan76
post Jun 20 2014, 08:33 AM

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QUOTE(psho @ Jun 19 2014, 09:14 PM)
if can afford an Audi..then why not?
It is easier to rent out...
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Yup agree with you PJ would be a better place no doubt about that. I believe the appreciation is also much faster in this mature area as compared to the outskirts area. Bearing that in mind i would foresee small units being developed by the developer as to meet the affordability of ppl... Hmm not sure whether malaysia can achieve being a developed country in 2020 = high income earner ... most companies still looking for cheap labour, quite suprisingly some belong to multinational companies...Hmm let's see in a year or two... probably a crash or adjustment would help ?
Close To you
post Jun 24 2014, 02:32 PM

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PJ midtown or pacific star better??
urb7
post Jun 25 2014, 05:47 PM

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Good grief, just swung by the showroom at Ara Damansara...the scale model looks so sad and pathetic, the design of the building is so generic, the faded pink and purple just made it look so low cost. What's even worst is that the showroom is possibly one of the most off-putting one I've seen. I couldn't wait to get out.

Generic, generic, generic. What a waste of a strategic piece of land.
Maneki-neko
post Jun 25 2014, 10:47 PM

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QUOTE(CMW123 @ Jun 9 2014, 12:36 PM)
It is a good project but if as investment the risk is on the slight high side due to the high supply coming into S13 PJ. Other more attractive project like F&N City launching not too far ahead and competition will only increase. Let's see the performance of Centerstage.
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What's the land size for F&N City?
A.B.D.
post Jun 25 2014, 11:11 PM

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QUOTE(Close To you @ Jun 24 2014, 02:32 PM)
PJ midtown or pacific star better??
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not very familiar but i think pacific star better cos can walk across a road to an established retail podium with cold storage, pubs, restaurants and other entertainment. also there is good office and student crowd now.
CMW123
post Jun 26 2014, 08:19 AM

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QUOTE(Maneki-neko @ Jun 25 2014, 10:47 PM)
What's the land size for F&N City?
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13 acres
Close To you
post Jun 26 2014, 01:53 PM

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PJ midtown is GBI certified?
bambookenzo
post Jun 26 2014, 04:30 PM

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Any Block A purchaser signed SPA?
bambookenzo
post Jun 26 2014, 04:35 PM

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I have just booked one unit 600sf Block A........welcome to PJ Midtown....
seanooi880327
post Jun 26 2014, 05:25 PM

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QUOTE(bambookenzo @ Jun 26 2014, 04:35 PM)
I have just booked one unit 600sf Block A........welcome to PJ Midtown....
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Whats the price and package?
bambookenzo
post Jun 26 2014, 09:56 PM

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QUOTE(seanooi880327 @ Jun 26 2014, 05:25 PM)
Whats the price and package?
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RM558800.....you bought one unit too?
Maneki-neko
post Jun 26 2014, 10:25 PM

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QUOTE(bambookenzo @ Jun 26 2014, 09:56 PM)
RM558800.....you bought one unit too?
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600sf selling RM 558,800?? Means RM931 pdf??? Does the developer provide any special rebate??
bambookenzo
post Jun 27 2014, 08:41 AM

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QUOTE(Maneki-neko @ Jun 26 2014, 10:25 PM)
600sf selling RM 558,800?? Means RM931 pdf??? Does the developer provide any special rebate??
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yeah of cuz got..nowadays buy property must got rebate else not worth ...smile.gif

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