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Investment 121 RESIDENCES @ FRINGE OF BANDAR UTAMA, Version 2.0 of Glomac Centro development

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Babizz
post Mar 29 2015, 09:18 PM

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QUOTE(accetera @ Mar 28 2015, 09:10 AM)
Went there today. Got alot of food trucks. Not bad.

In terms of condo, wow average price is RM833psf.
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Patchay, 833 is after rebate or b4? how was d sales?
Invictus999
post Mar 30 2015, 08:12 AM

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QUOTE(Babizz @ Mar 29 2015, 09:18 PM)
Patchay, 833 is after rebate or b4? how was d sales?
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Think absolute price in RM more informative... Ya, how was the sales?
kochin
post Mar 30 2015, 08:20 AM

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sales was not good.
give or take 5-10%.
absolute price is attractive with >50% @ <RM500k and not a single unit exceeding RM1mil.

Only a handful duplex available and easily 30% of these duplexes were booked.


Babizz
post Mar 30 2015, 08:23 AM

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QUOTE(kochin @ Mar 29 2015, 06:20 PM)
sales was not good.
give or take 5-10%.
absolute price is attractive with >50% @ <RM500k and not a single unit exceeding RM1mil.

Only a handful duplex available and easily 30% of these duplexes were booked.
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Wht u think of d price in Kayu Ara area?
BRE
post Mar 30 2015, 12:00 PM

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QUOTE(kochin @ Mar 30 2015, 09:20 AM)
sales was not good.
give or take 5-10%.
absolute price is attractive with >50% @ <RM500k and not a single unit exceeding RM1mil.

Only a handful duplex available and easily 30% of these duplexes were booked.
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Bro, if more than 50% of the units are priced below 500K how come sales not good??? hmm.gif because surrounded by the kampung?

This post has been edited by BRE: Mar 30 2015, 12:01 PM
kochin
post Mar 30 2015, 12:05 PM

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QUOTE(BRE @ Mar 30 2015, 12:00 PM)
Bro, if more than 50% of the units are priced below 500K how come sales not good??? hmm.gif because surrounded by the kampung?
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personally for me, there's a lot of reasons.

glomac is just not very good at marketing.
and to launch their centro v but with huge original centro still in the sales gallery? logically people would compare and once comparison is made, it would be evident on why.
TSaccetera
post Mar 30 2015, 05:49 PM

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There are still about 40-60 units remaining in Glomac Centro, and that included majority of Bumi units - which will be released at the later stage.

In terms of Centro V, it is so hard to find their staffs. Mostly bankers do the talk but they also not sure of some info. End up came out to enjoy the food truck.
BRE
post Mar 30 2015, 06:07 PM

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QUOTE(kochin @ Mar 30 2015, 01:05 PM)
personally for me, there's a lot of reasons.

glomac is just not very good at marketing.
and to launch their centro v but with huge original centro still in the sales gallery? logically people would compare and once comparison is made, it would be evident on why.
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I tot Centro V has better furnishings bro to offset the higher prices compared with Centro? Yeah, why not push sales of Centro first before launching Centro V? hmm.gif
kochin
post Mar 30 2015, 08:39 PM

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QUOTE(BRE @ Mar 30 2015, 06:07 PM)
I tot Centro V has better furnishings bro to offset the higher prices compared with Centro? Yeah, why not push sales of Centro first before launching Centro V? hmm.gif
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Just to illustrate an example.
Centro. Say 1100 sf at 700psf. Therefore 770k. 1cp. Maintenance at 0.25psf thereabout.
Centro V. Say 600sf at 850psf. Therefore 510k. Tandem cp. Maintenance at 0.35psf thereabout.

Really makes you think twice about getting a unit when:
Great disparity in prices psf.
Great disparity in prices for maintenance.
Different timing of completion.
Leftover units of original centro.

Location cannot be faulted. True pj address albeit surrounded by squatters.
But ideal for own stay due to proximity to major highways.

Again it has most things to their advantage except executiin and marketing it successfully.

My 2 c.
nanopico
post Mar 30 2015, 11:34 PM

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Gangho mode at property investment is gone. If you familiar with kayu ara, that area is full of foreign workers and mat rempit. As long as squatter still there i doubt u ll feel safe walking out from the condo. Fyi, some of the houses there are low cost house with proper land title(malay reserved) and the residents do own the house... so it wont b easy... really...
BRE
post Apr 1 2015, 06:20 PM

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QUOTE(nanopico @ Mar 31 2015, 12:34 AM)
Gangho mode at property investment is gone. If you familiar with kayu ara, that area is full of foreign workers and mat rempit. As long as squatter still there i doubt u ll feel safe walking out from the condo. Fyi, some of the houses there are low cost house with proper land title(malay reserved) and the residents do own the house... so it wont b easy... really...
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Wow, so no go for this project bro??? flex.gif
1282009
post Apr 1 2015, 08:57 PM

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QUOTE(nanopico @ Mar 30 2015, 11:34 PM)
Gangho mode at property investment is gone. If you familiar with kayu ara, that area is full of foreign workers and mat rempit. As long as squatter still there i doubt u ll feel safe walking out from the condo. Fyi, some of the houses there are low cost house with proper land title(malay reserved) and the residents do own the house... so it wont b easy... really...
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nod.gif


brensek
post Apr 2 2015, 11:05 AM

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the loc and surrounding area is not so good, however if Glomac have tiptop and kaw kaw marketing strategy for sure sapu licin also
nanopico
post Apr 2 2015, 11:13 AM

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QUOTE(brensek @ Apr 2 2015, 11:05 AM)
the loc and surrounding area is not so good, however if Glomac have tiptop and kaw kaw marketing strategy for sure sapu licin also
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must go to the place and check it out... or u can try google street view. give u better idea~
brensek
post Apr 10 2015, 04:48 PM

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Retail / 2 Storey shop offices & makan makan feast this weekend

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brensek
post Apr 13 2015, 09:06 PM

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leithwalk
post Apr 17 2015, 11:21 AM

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I checked out this project last sat. was surprised that sooo few units sold eventhough developer advertised in few major papers for the last few weeks.

Priced much higher than centro and maintenance fees also double up.

somemore nearer to busy mainroads..

fyi, centro still has units unsold.

giving this project a miss
mthc
post Apr 26 2016, 09:02 AM

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How's the sales progress?
Elven11
post Apr 26 2016, 03:51 PM

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QUOTE(mthc @ Apr 26 2016, 09:02 AM)
How's the sales progress?
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Heard that they set to relaunch with new package by end of 2016. Change of layout as the sales person claim. Sale put on hold. hmm.gif hmm.gif hmm.gif

I wonder what package they offer previously. Rebate? Free legal fees for S&P an Loan? Free 1 year maintenance? Anyone?

This post has been edited by Elven11: Apr 26 2016, 03:53 PM
mthc
post Apr 26 2016, 04:40 PM

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QUOTE(Elven11 @ Apr 26 2016, 03:51 PM)
Heard that they set to relaunch with new package by end of 2016. Change of layout as the sales person claim. Sale put on hold.  hmm.gif  hmm.gif  hmm.gif

I wonder what package they offer previously. Rebate? Free legal fees for S&P an Loan? Free 1 year maintenance? Anyone?
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On hold probably due to weak demand. This centro isn't cheap at all given its location in kayu ara yet next to a mosque.

Btw what's the price of the shops here? Tq

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