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

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DoomCognition
post Mar 19 2014, 10:02 PM

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QUOTE(MishimaZ @ Mar 19 2014, 11:30 AM)
I stayed nearby, don't think it is that short.

Also, most of the walking routes from any nearby LRT to Pemaisuri are open, which means walking around is unsafe judging that is the place snatch thieves prey on.
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What cha smokin' dude? 10 mins walk from door to door is not that short?

Actually, that makes sense now. It's probably due to the weed that you didn't notice the cops that's beside the LRT walk path every friggin' night.


DoomCognition
post Mar 21 2014, 07:29 AM

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QUOTE(MishimaZ @ Mar 20 2014, 11:13 AM)
NO.
You know there but I stayed around there.
10 mins walk or 10 mins run/sprint? You WALK BEFORE ah?

Check out who is smoking weed lah...
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Man, now you got to give me that stuff you smokin!
DoomCognition
post Mar 24 2014, 04:07 PM

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QUOTE(ryan@chua @ Mar 24 2014, 02:03 PM)
Ask a stupid question here. How if compared to ekocheras

Haha
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As per above poster, it's Well Known developer vs Lesser Known Developer. Also, one has a future MRT planned vs Existing LRT & KTM. Other comparisons include:

Ekocheras vs Queensville
1. Beside main road vs in the heart of residential areas
2. More expensive vs less expensive
3. Nearer to MRT (estimated 3 to 5 mins) vs further from LRT (10 mins). Both are walking distance.
4. Lower higher to middle higher target audience vs higher middle target audience
5. Lesser accessibility (Timur-Barat, Jln Cheras and MRR2) vs more accessibility (Jln Sg Besi, Timur-Barat, Jln Loke Yew, Jln Cheras & MEX)
6. More jam vs less jam

Different target audience with different price. Overall, for staying, I'd prefer Queensville anytime. For investment, it's anyone's guess.
DoomCognition
post Apr 1 2014, 12:13 AM

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QUOTE(alpha team @ Mar 31 2014, 05:02 PM)
when going launch by the way? developer said march last time I called.seem delay
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Delayed to May. Suspect they might not have obtained some of the necessary approval.
DoomCognition
post Apr 1 2014, 12:19 AM

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QUOTE(potenza10 @ Mar 31 2014, 01:19 PM)
bro...closest mall is jusco maluri laa...
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Got Tesco Taman Midah, even closer. nod.gif
DoomCognition
post Apr 24 2014, 12:09 AM

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QUOTE(DragonXIII @ Apr 22 2014, 09:16 AM)
Another good option will be VivaHome.

Not to far away, at least traffic condition is bearable.
Not many people there also, parking is easy to find. rclxms.gif
But no for shopping, and choice of F&B also not good enough.
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Are you referring to the shopping mall? Looks pretty deserted to me.
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.
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.
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
DoomCognition
post Jun 14 2014, 05:48 PM

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Alright, just came back from the sales office. Here's the latest booking as at 4 pm.

Block G is about 75% sold.
» Click to show Spoiler - click again to hide... «


Block F is only about 30% sold.
» Click to show Spoiler - click again to hide... «



When I walked in, none of the Sales Agent give a damn about me. Didn't manage to ask about the price as they are busy servicing other 'more important' clients. Must be thinking I have no money. Only managed to sneak in a few questions here and there and gathered some info due to overhearing other buyer's conversation.

However, was told prior to the launch today that original price is about RM 360k, after discount of 12% is about RM 320k. Each floor up from the lowest is extra RM 3k. As mentioned by some above, this Designer's Suite is not covered by HDA, though one of the SA claims that the agreement is modeled after the HDA agreement. I took that with a pinch of salt.

There's some free food there too. Not very crowded at about 4 pm, though there were some people.

Loan wise, the best offer is up to 85%, though most people will likely only get up to 80%. This is due to it being a commercial title. So next initial outlay should be about 8% of RM 360k (or whatever pre-discounted price).

From my observation, this is not one of those BBB projects which is understandable as this is SEAL's maiden project in KL. I think if they don't make Queensville a success, they won't be making any inroads into KL's lucrative property market in the near future. Pricing is also a bit steep at RM 320k. Given that Quit Rent, Assessment Tax and utilities will cost significantly more than residential titles, it left me scratching my head whether I should invest.

Also as mentioned by some above, the developer is throwing in a lot of goodies to tempt us to buy. They probably know that if they don't do this, it will be hard for sales to be good.

I've been monitoring this project for some time, and after much thought, I think I'm going to stick with the Service Apartments that will come up in Phase 2 and Phase 3. I believe that residential demand here is strong, given the 30-storey high that's coming up in Phase 3, it should be a local landmark. Will be reserving my bullets for then.

Perhaps some others can give more indepth information on pricing, as all of the SAs there think I'm a poorfag. rolleyes.gif

This post has been edited by DoomCognition: Jun 14 2014, 05:49 PM
DoomCognition
post Jun 14 2014, 05:50 PM

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QUOTE(WEE2000 @ Jun 14 2014, 05:26 PM)
i just came back from sales office. wen i reached, G sold out. not much unit left for blk F, awaiting launch of blk E. actually, is bl kG & F totally same? extra 20k just bcos that 1st block sold out fast?
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Not much unit left in Blk F? What I garnered was completely different, unless by 'not much' you mean less than 80% availability.
DoomCognition
post Jun 21 2014, 02:19 PM

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QUOTE(WEE2000 @ Jun 18 2014, 01:53 PM)
Since i not interested to get the "designer suite", ill dispose away all those paper that i wrote down the infos, will post it here instead. info that i got is maintenance fee 30cent/sqf, price is RM651/sqf for 526sqf unit, RM669/sqf for 558sqf unit. Rebate 12% from the purchase price on-the-spot. Office no. is 03-91739933.
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The price that you quoted is less than what I got. I was told that RM 360k for purchase price with 12% discount, making it RM 320k for the cheapest units. Or is the price psf you quoted above after discounting?
DoomCognition
post Aug 27 2016, 06:33 PM

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Just went to Sales Gallery. Still not fully sold out for the Block F and G. Looks like the same number of units sold 1 year ago. Guess they are struggling to sell units out.
DoomCognition
post Jun 11 2017, 02:53 PM

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Any news on this? Is the Service Apartments launched?
DoomCognition
post Nov 28 2017, 08:50 PM

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QUOTE(Asali @ Aug 2 2017, 09:32 AM)
The progress is slow.
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QUOTE(MOMOchacha @ Aug 2 2017, 09:45 AM)
because not much investor?
as i know this is SOHO design, the layout really weird compare to others.
for who wan to invest as office, i think can choose this?
btw i very like this area cos everything ady near by.
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damn slow. due to sales not good as SOHO design is a failure. developer was greedy, so in order to squeeze more profit, they proposed a SOHO concept when market boomed but right after they launched, market turned and now it is super slow mode.


DoomCognition
post Nov 28 2017, 08:52 PM

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QUOTE(DesRed @ Aug 2 2017, 12:52 PM)
Went to their sales office early last year and was told that they have yet to launch their residential side. I'm surprised that up till now they haven't launched it yet, unless the developer is completely focusing on their commercial side for the time being... hmm.gif
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likewise. based on their original sales pitch, all of these are supposed to be up by around 2020, with the service apartment being launched some time in 2015 or 2016 at the latest. but somehow things did not work out for their SOHO, and they have only managed to sell 1.5 blocks of SOHO out of 4. so now everything else affected.

had they launched with only residential, it would have sold like a piece of hot cake. and also, SEAL is not a very reputable developer, don't know why DBKL let them to build.

 

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