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Investment QUEENSVILLE KUALA LUMPUR @ BANDAR SRI PERMAISURI, Mixed Development with Shopping Mall

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DoomCognition
post Jun 1 2014, 09:42 PM

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Went to the office for the 3rd time today. SOHO will be launched in 2 weeks time, i.e. 14-15 June 2014. Price will be out in a week's time.

Also taken some pictures of the show unit. Since someone already provided the pictures, I shall not.

What will be provided is 8 feet kitchen cabinet (entire set including stove), wardrobe (chip board), water heater, 2 X 2 tiles (instead of timber flooring in the showroom). Showroom size looks decent for a couple to live in it, anything more will be crowded IMO. Comes with 1 car park.
shenshenshen
post Jun 2 2014, 09:44 AM

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QUOTE(DoomCognition @ Jun 1 2014, 09:42 PM)
Went to the office for the 3rd time today. SOHO will be launched in 2 weeks time, i.e. 14-15 June 2014.  Price will be out in a week's time.

Also taken some pictures of the show unit. Since someone already provided the pictures, I shall not.

What will be provided is 8 feet kitchen cabinet (entire set including stove), wardrobe (chip board), water heater, 2 X 2 tiles (instead of timber flooring in the showroom). Showroom size looks decent for a couple to live in it, anything more will be crowded IMO. Comes with 1 car park.
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thanks bro for update.
butthead76
post Jun 3 2014, 02:06 PM

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Greetings from Queensville.



Thank you for your interest in our project. We will be having a soft launch of Q Suite on 14&15 June (PHASE 1) and the show unit is ready now.

Please find below our Facebook link. We recently posted video clip on Queensville. You may take a look for a better idea of our project.

https://www.facebook.com/pages/Queensville/247801948722948




The information for QUEENSVILLE as below:




Phase 1 : Q SUITE- Designer Suite

Size : from 526-875sf

Price : Indicated from RM350k above.( with 1 car park)




Q AVENUE- Shop Lot

Size : 3 Storey & 4 Storey,

Price : Indicated from RM 3.2m & RM4m above (sell end block) (49 units)



Phase 2 : Q RESIDENZ I - Service Apartment

Size : from min 800sf -1200sf

Price : Indicated from RM 500k above

Q MALL - Shopping Mall (TBC)



Phase 3 : Q RESIDENZ II - Service Apartment (TBC)


butthead76
post Jun 3 2014, 02:06 PM

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I got the email from SA.
mingyew
post Jun 3 2014, 02:11 PM

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Q SUITE- Designer Suite is commercial loan?
SUSnilambanting
post Jun 3 2014, 02:15 PM

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soho will subject for GST starting next year for new and subsale. Thats why developer launching it now. But dont be fool by the strategy, u will find hard to flip when GST revised from 6% to 10% in next 3 years (if). This is what happening to Cyber flipper, their exit getting narrower
SUSnilambanting
post Jun 3 2014, 02:16 PM

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QUOTE(mingyew @ Jun 3 2014, 02:11 PM)
Q SUITE- Designer Suite is commercial loan?
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yes, same like Sunway Velocity. Fancy name = Designer Suite. But cant categorized as SOHO. I dont why why people here named it like equivalent
mingyew
post Jun 3 2014, 02:32 PM

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Q SUITE- Designer Suite - How much down payment? anyone can tell?
steven_boy
post Jun 6 2014, 11:32 AM

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QUOTE(mingyew @ Jun 3 2014, 02:32 PM)
Q SUITE- Designer Suite - How much down payment? anyone can tell?
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The booking fee is rm5000.
Lisa W
post Jun 6 2014, 12:18 PM

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I just went to their sales gallery... the show unit looks very nice. I think the size is very decent for SOHO. I think SOHO at this area has a lot of potential.... especially when they are going to build shopping mall... the location is good... with upcoming shopping mall, people will start coming in to set up their office. For those looking to get investment property, I think this will be a very good investment.
I wonder how early I will have to go in order to get my preferred units.
DoomCognition
post Jun 6 2014, 11:27 PM

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» Click to show Spoiler - click again to hide... «


Very nicely made video there.
altishonda
post Jun 7 2014, 12:54 AM

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QUOTE(Trainspotting @ Mar 12 2014, 11:50 AM)
Cengal, early last year, 345k for a renovated 927 sqft
It's my first semi investment, played it safe, so i chose a condo that i would want to stay in.
Rented out for 1.7k now.
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Back in 2003, I bought Cengal, with the intention for own stay for rm165k (have to withdraw EPF for pay downpayment...so, it was tough life back then). But did not move in coz I am not a Cheras person. Your rental of 1.7k is good. Mine is 1.1k for empty unit. really pleasant news to hear about Queensville. Maybe I can consider too !! hehe...
bigman
post Jun 7 2014, 09:12 AM

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QUOTE(Lisa W @ Jun 6 2014, 12:18 PM)
I just went to their sales gallery... the show unit looks very nice. I think the size is very decent for SOHO. I think SOHO at this area has a lot of potential.... especially when they are going to build shopping mall... the location is good... with upcoming shopping mall, people will start coming in to set up their office. For those looking to get investment property, I think this will be a very good investment.
I wonder how early I will have to go in order to get my preferred units.
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r u agent?

hmm.gif
Asali
post Jun 7 2014, 09:54 AM

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QUOTE(bigman @ Jun 7 2014, 09:12 AM)
r u agent?

hmm.gif
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I can smell too.

310K after discount for a studio unit or soho type in this area with no DIBS (Think twice), if borrow 90% of MOF, paying three yrs interest during construction period total may be 20K. Hence, 310K +20K is 330K after the completion. You will need to rent it out at least 1.5K per month in order to break-even. Please bear in mind that you have to pay the commercial rate for electricity/indah water/assessment fees. Maybe need to top a bit on the loan installment after deducted mgmt fee+fire insurance+misc. If aiming for capital appreciation for 50K or above, do you think it is sell able after three yrs for a studio unit in permaisuri?

This post has been edited by Asali: Jun 7 2014, 09:59 AM
mybenz
post Jun 7 2014, 10:28 AM

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According to propcafe fb https://www.facebook.com/propcafe.net
Seems like quite.similar to ekocheras concept
Don't know will they do review for this project or not.

Look quite ok so far

Is.the designer suite following schedule H or not?

This post has been edited by mybenz: Jun 7 2014, 10:41 AM
tengster
post Jun 7 2014, 10:34 AM

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Can someone tell me where is sale office...fell like popping by to check it out.
Skyvi
post Jun 7 2014, 11:23 AM

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QUOTE(tengster @ Jun 7 2014, 10:34 AM)
Can someone tell me where is sale office...fell like popping by to check it out.
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At plaza dwitasik, building across the road, opposite hong Leong bank.
tengster
post Jun 7 2014, 11:34 AM

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QUOTE(Skyvi @ Jun 7 2014, 11:23 AM)
At plaza dwitasik, building across the road, opposite hong Leong bank.
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Thanks. That may be Sunday itenary to check it out....
shenshenshen
post Jun 7 2014, 09:58 PM

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QUOTE(Asali @ Jun 7 2014, 09:54 AM)
I can smell too.

310K after discount for a studio unit or soho type in this area with no DIBS (Think twice), if borrow 90% of MOF, paying three yrs interest during construction period total may be 20K. Hence, 310K +20K is 330K after the completion. You will need to rent it out at least 1.5K per month in order to break-even. Please bear in mind that you have to pay the commercial rate for electricity/indah water/assessment fees. Maybe need to top a bit on the loan installment after deducted mgmt fee+fire insurance+misc. If aiming for capital appreciation for 50K or above, do you think it is sell able after three yrs for a studio unit in permaisuri?
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its near mega projects like TRX, Bandar 1Msia and MV expansion. ok what.
DoomCognition
post Jun 7 2014, 10:32 PM

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Any more information on the price? It should already be out.


QUOTE(Asali @ Jun 7 2014, 09:54 AM)
I can smell too.

310K after discount for a studio unit or soho type in this area with no DIBS (Think twice), if borrow 90% of MOF, paying three yrs interest during construction period total may be 20K. Hence, 310K +20K is 330K after the completion. You will need to rent it out at least 1.5K per month in order to break-even. Please bear in mind that you have to pay the commercial rate for electricity/indah water/assessment fees. Maybe need to top a bit on the loan installment after deducted mgmt fee+fire insurance+misc. If aiming for capital appreciation for 50K or above, do you think it is sell able after three yrs for a studio unit in permaisuri?
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I agree that the price is quite steep. Taking Bayu Tasik as comparison, RM 450k for a 960 sqft unit that translates to RM 470 psf. The Designer's Suite instead costs RM 590 psf. Quite a significant difference indeed.

However, most new developments are priced at that range, and if we take LRT and KTM accessibility into account coupled with the growing activities just across the road, I suppose it could be a mix bag. I wished that they price it at around RM 290k which will make it more reasonable as this is their first project in KL. But I do get a feeling that it will be another BBB project.

This post has been edited by DoomCognition: Jun 7 2014, 10:40 PM

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