Alright, just came back from the sales office. Here's the latest booking as at 4 pm.
Block G is about 75% sold.
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Block F is only about 30% sold.
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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.
This post has been edited by DoomCognition: Jun 14 2014, 05:49 PM