What makes you think so?

Locals dont have such pockets. I always put RM2500 rental max for local markets unless ur targeting foreign tenants.

Why u think can? Do share your view on the rental market

Just my 0.02.... Don shoot me 

2.5k generally for areas with not much expat presence.

Asking price is one thing, how many units transacted is another. I just think that generally their budget is only around RM2.5k for the commoners.

Yes 4.5% yield is a realistic expectation but it also depends on whether there's such demand.

700 units in LUMI. 50% investors looking to rent out. There have to be 350 families looking to rent at RM3000 and above. If a family allocate 20% for rental, their income would be 15k.

For example, Grande. Owners are asking 4% yield based on current market price. But units are still vacant for a long time. If you deduct opportunity cost lost,maybe 2-3% only.

I'm just looking at a overall market. Could be wrong.

maybe im just not up to date with the market 

Most of the units in Casa are 2 bedroom and are only asking Rm2200 only. Cheapest i've seen 1700 

Can refer to iprop to cross check. You should know as well since ur staying there.

I do agree there are units also transacting at higher price but you have to consider the probability of that happening..

Wah, I would like to know which condo so good one? I think 2.5k fully furnished more like it lah. Dont talk about those ID design finishing.

Wah, I would like to know which condo so good one? I think 2.5k fully furnished more like it lah. Dont talk about those ID design finishing.

Fully furnished sure lah. Got asking 2.8k also fully furnished. that is reasonable. Definitely not 2.8k semi-furnished. You exaggerated!

Just sharing only: PTLM/Oriental is doing a private preview this Saturday 10am at developer office. We in collaboration with developer are giving a special downpayment incentive for limited time only.
Project Info - Reconceptualised Lumi

Name: Lumi Tropicana

Brand: Lumi Collections

Location: Persiaran Tropicana, Petaling Jaya

Geography: Opposite the Tropicana Golf & Country Resort arch entrance, next to Menara Persoft / Menara Lien Hoe / Bangunan 3M / Damansara Fairway 3

Developer: Mayfair Ventures Sdn Bhd (a wholly-owned subsidiary of Thriven Global Bhd)

Land Area: 6.42 acres

Land Title: Commercial

Tenure: Leasehold

No. of Blocks: 4 towers of residences and 1 adjoined midrise of Soho and Retail

No. of Storeys: 4 towers of 35 storeys

No. of Units:
- 744 units of residences in 4 towers / 186 units per block
- 62 units of Soho suites
- Retail not for sale

Property Type: Service Apartments and Soho - both under HDA

Residence Sizes: 862 sf - 2,218 sf

Car Parking:
- 1-3 bays depending on sizes.
- Additional carpark can be purchased.

Accessory Parcels: To be stated clearly

Prices: RM9xxpsf onwards before sales package.

Maintenance Fees: proposed RM0.33psf inclusive sinking fund

What would be the expected ROI? Since ur selling

Around 3.0 to 4.0%.

One block sold liao...

Currently, we are promoting LUMI Service Residences. Prices starting from RM900.00 psf and onwards.

Do drop by our office at the following address so I can give you a much personal understanding on this development :-  By their sales team, not sure is before rebate or nett price.

Leasehold 99 years, so about 95 years remaining at VP.

Tunnel roads will have to be revamped and widened - though details can't be revealed now. Accessibility will be enhanced also with the LRT Station coming to that area.
Infrastructure & Aerial View

Masterplan



Residents checkpoint at the northern end whereas retail and SOHO goes to sub-basement for parking.



Aerial location





Sky view of Lumi Park and Retail Cabana and Outdoor Dining



Pic credit: www.ptlm.com.my

Cascade facing giant big sign board lagi gg =)
Lumi high floor should be golf  view if no block by grande

Wah! This ptlm so called themselves as news provider but also another hard sell agents..

If you are not selling , then why you do all the seminar..
You are just like agent getting commission from sales.. i dare to challenge you... PLZ TELL US THT U DO NOT PROFIT FROM THE SALES OR YOU DO NOT SELL ANY UNITS FOR LUMI...