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Investment LUMI TROPICANA RESIDENCES | LUMI SOHO [OT], From the Designers of The Capers
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mthc
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 Apr 29 2016, 01:55 PM
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QUOTE(LTG @ Apr 29 2016, 01:38 PM) This area left right up down also jam. Ara otw tropicana, mayang otw tropicana and bu otw tropicana. Let's hope the road widening helps. It's unavoidable during peak hours. I would suggest to use KD way once the tunnel leading from mahagoni to TG is ready theb cut through seri selangor golf and tropicana indah to get to lumi instead. |
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mthc
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Apr 30 2016, 01:50 PM
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QUOTE(Minolta @ Apr 30 2016, 01:40 PM) I guess depends on the actual useable sf after mezzanine floor built. Look see look see onli  Will be 750 sq ft afters. Making it 800 psf after plus minus 50k reno for the mezzanine floor. 😆😆😆 |
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mthc
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Apr 30 2016, 10:05 PM
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QUOTE(propertybbb @ Apr 30 2016, 08:50 PM) No doubt about it. But investor cares more on return. Eg. Iconic building in sentul doesnt do well at all. Average household income in sentul vs tropicana is rather obvious. |
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mthc
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May 1 2016, 01:08 AM
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QUOTE(accetera @ May 1 2016, 12:34 AM) Nowadays, most highend residences cannot expect high high return lah. Have to updated according to times. Investors must be willing to rent at a reasonable rate, or willing to accept lower rental. Got 4% yield for high end nowadays also happy already. Don't think it's a good time to invest in high end condos unless it's for ownstay for times like this. |
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mthc
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May 1 2016, 10:34 AM
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QUOTE(accetera @ May 1 2016, 10:23 AM) Average for Klang Valley is 3% now for newly completed highrise.... will progress towards the 2.5% mark in coming years. 500k condo means 1k rental 😨😨😨 Better aim Subsales. This post has been edited by mthc: May 1 2016, 10:34 AM |
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mthc
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May 1 2016, 10:39 AM
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QUOTE(JamesPond @ May 1 2016, 10:35 AM) 1K rental for 500k is negative yield. which havent include maintenance fee and cukai pintu, taksiran... etc... Confirm sink boat ady 1k rental. What are yr thoughts and game play for these coming years? |
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mthc
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May 1 2016, 01:28 PM
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QUOTE(accetera @ May 1 2016, 11:51 AM) Anyway most buyers will be receiving their billing either already or soon. Ground work is moving fast ya. For me Lumi Tropicana prices are reasonable, if you don't let market condition to influence your judgment. Some subsale in nearest condo are even higher psf especially when the big international school is opening soon, and this one we are looking at 4 years down the road with so many things coming up. I'm a local PJ Lang, so I absolutely have no issue at the PSF. My kampung punya condo now got RM1,200psf in subsale also got already. I look for properties that give standards and values over long term and not just making money properties. Lumi purchasers can ride on these catalyst - Tropicana Avenue commies and LRT 3 when they are completed. Lumi price per sq ft is still considered reasonably low given as compared to its peers. There are not many condos along persiaran tropicana too. A lot of positive changes will happen to this already matured location here in 4 years. This post has been edited by mthc: May 1 2016, 01:30 PM |
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mthc
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May 1 2016, 01:33 PM
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QUOTE(aspartame @ May 1 2016, 11:39 AM) I am just giving my opinion la. I don''t like to see abandon projects. I sell my 1mil condo to you at rm2mil want or not? No? Cannot afford ah?  Senior jamsi is very right in this somehow even tho he may be a broken record at times lol. Willing buyer willing seller. Developer never point a gun right in yr face and buy also. Quite unreasonable lor yr statement above. This post has been edited by mthc: May 1 2016, 01:37 PM |
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mthc
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May 1 2016, 01:41 PM
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QUOTE(propertybbb @ May 1 2016, 11:16 AM) This is a nice onwstay product. I feel the SOHO can play rental game boss. 64 units. SOHO nett now is 550k for 450 sq ft but 18 ft ceiling height. Developer cut off the mezzanine floor off the plan to make the absolute price lower from 650k. The extra 300 sq ft mezzanine floor can be built for around 30k. I think it's safe to say you have a 750 sq ft SOHO for 580k. |
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mthc
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May 1 2016, 01:49 PM
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QUOTE(JamesPond @ May 1 2016, 01:43 PM) so soho 2.5k bare unit achievable? Can't la boss. Maybe 2.5k semi maybe would be achievable. TA nearby is asking for 2k semi now. |
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mthc
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May 1 2016, 01:59 PM
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QUOTE(JamesPond @ May 1 2016, 01:55 PM) even 2.5 is break even. this project is purely a rich investor game that has lots of money dont know where to park. Like that any Tom Dick Harry who invested here also rich investors and don't know where to park money ady 😓😓😓😓😓 |
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mthc
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May 1 2016, 08:02 PM
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Empty vessel makes most noise. Blow blow blow 😂
This post has been edited by mthc: May 1 2016, 08:02 PM
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mthc
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May 1 2016, 08:25 PM
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QUOTE(aspartame @ May 1 2016, 06:27 PM) Nearest condo subsale selling higher psf? Example? Your "kampung" also sell 1,200psf? Which kampung oh? I would like to know how come subsale market so powderful one.... There is. Tropicana Gardens block A and B Subsales averagely at 1.2k psf now. |
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mthc
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May 2 2016, 06:32 AM
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QUOTE(aspartame @ May 2 2016, 01:12 AM) Ha ha....When it is VP, u try to sell at 1,200psf and higher and see?  Block C is already selling at that price during its launch. |
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mthc
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May 2 2016, 06:33 AM
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===
This post has been edited by mthc: May 2 2016, 06:37 AM
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mthc
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May 2 2016, 10:06 AM
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QUOTE(aspartame @ May 2 2016, 09:47 AM) Developer selling price is not subsale price. You try to sell when VP then you know. Go check prop portals. Block A was launched below 1k psf now asking 1.2k psf. |
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mthc
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May 3 2016, 04:11 PM
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QUOTE(BEANCOUNTER @ May 3 2016, 03:37 PM) developers net net and super net net price for block C recently was around 1000psf nia.... no where near 1200psf. Earlier entry to block C was 1.2k psf for fully furnished la boss Bean. Where as after 22% disc off for level 13 - 600 sq ft studio will be 1033 psf for a Bare unit. They changed the package after it wasn't too laku. |
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mthc
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May 4 2016, 08:53 AM
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One of the most high end hidden hipster bar in Klang Valley with hidden entrance etc. Right opposite Lumi. http://eatdrinkkl.blogspot.my/2015/12/chaz...en-hoe.html?m=1This post has been edited by mthc: May 4 2016, 08:53 AM |
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mthc
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May 4 2016, 11:19 AM
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QUOTE(llika @ May 4 2016, 10:57 AM) taken rate pangsapuri 145/372 soho 2/62 Wah the pangsapuri so slow? Less than half taken? Your source legit mou? Last I saw in Jan was block A fully taken except bumi and block B 50% taken.. then recently in march was block A fully taken except bumi and block B 70% taken.. |
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mthc
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May 4 2016, 11:29 AM
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QUOTE(llika @ May 4 2016, 11:28 AM) Conservative estimates. the result mean those already sign snp. the others maybe progressing their loan or something Don't mind sharing wherw u got yr numbers from? Thank you bro.. Anyway I just confirmed with SA and it's 80% sold with snp signed for block A and B (250+ units). Not sure how u get 60 units for SOHO. But only 30 is currently launched and 18 is sold with snp signed. Block C and D will be launching soon in June with 6% price increase. Not too sure how u got yr figures. If yr figures are right then this project can be the slowest project in Malaysia ady. Better just close shop and dig a hole and hide. This post has been edited by mthc: May 4 2016, 12:00 PM |
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