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 Southbank Residence by UOA @ Old Klang Road, Freehold 2/3 Bedrooms Serviced Apartment

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mthc
post Jun 18 2015, 12:33 AM

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QUOTE(Soulheal3r @ Jun 17 2015, 11:56 PM)
KimiLau, why do u say so? Have u done the survey with all the projects in the surroubding area? Dont just sya something irrevelant and walks off. U may want to compare to Verve Suites, KL South?
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I wouldn't say no room of appreciation. But it will be rather slow and dull.

Verve suite building has been an eye sore for almost 10 years of my life. Setting a benchmark of 1.2k per sq ft at that area!?

Go do yr research on past property transactions in old klang road and also the rental yield. See it from a bigger picture.

You are analysing based on its surrounding which u think Scott garden filled with gro and escorts and the big ass level 6 prostitution pearl point a good mall to you. I don't know what are you actually analysing. Be realistic. Don't compare UOA and Verve projects to KL Eco City.

Look at the supply of condos above Scott Garden itself! If you say Scott garden is such a good mall, the demand will be ridiculously high there but it doesn't seem like it. To add on to that, with all the future incoming supply of condos along Old Klang Road stretch, I can never ever imagine how bad would the traffic be. It is so bloody jam now already.

Old Klang Road has always been a red light district stretch. From gambling to prostitution. Who will be your future tenant? Proper family/blue collars? Or thai gros? Lack of public transport plus the massive traffic.

Happy investing!

P/S: Wanted to buy this project. But after much analysis.. no way!

This post has been edited by mthc: Jun 18 2015, 12:46 AM
mthc
post Jun 18 2015, 01:22 AM

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QUOTE(Soulheal3r @ Jun 18 2015, 12:59 AM)
Did i mentioned anything about a good mall?? A mall is definitely a must for everyone convenient and not to the extent that it needed to be a good graded mall. Jus a  turn away from the north of OKR, we have a grade A mall, Mid Valley, and at the central of OKR we have not so graded mall, most probably grade C or D mall, Tesco @ Scott Garden and Pearl Shopping Complex aka Chicken Mall to u. How far is KL Eco City and Bangsar South from OKR, it is jus a turn away and the most also not more than 5km and the spill over effect will definitely be felt here. Please dont compare KL Eco City and SouthBank. We are talking bout Verve Suites as a comparison here coz it is a genuine OKR and its selling at RM1200. It will definitely be  a bench mark for years to come, but not KL eco City. Why are u talking KL Eco City when it is not even relevant here. U cant compare older condo with newer condo, come on la. Why not u compare the Petalz and D'Sands at the end road of OKR with SouthBank? I choose Southbank instead of SouthView becoz of the Density. 600++ units at South Bank vs 1200++units @ South View and of course it would be lower psf, and i dont even mind to drive 5km away from Bangsar South if u ask me. Dont even talk bout jammed here, which part of KL u had never encounter jammed.
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LOL okay. Good for you smile.gif

Big congratulations on yr fantastic purchase.

I will be very happy for you to see this UOA project hits 1200 per sq ft LOL!

Dream.

This post has been edited by mthc: Jun 18 2015, 01:28 AM
mthc
post Jun 19 2015, 01:44 PM

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QUOTE(lrm8888 @ Jun 19 2015, 01:30 PM)
i wonder which part of greater KL is not over supply and has all the negative elements that you mentioned? is all the same my friend unless you don't invest in greater KL at all...
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Pang yao..
it's not all the same.

Anyway it's merely my humble opinion towards these projects. It's yr money at the end of the day, not mine. Happy investing. Cheers!

This post has been edited by mthc: Jun 19 2015, 01:50 PM
mthc
post Aug 1 2015, 09:27 AM

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Haha! Got phase 2 now some more. I remember got 1 taikor here was so gung ho about this project. Low density etc..

Let's see what the fella has to say now. He is hoping for 3k plus rental a month.

I wonder if he has bought more pillows to DREAM
mthc
post May 4 2017, 03:37 PM

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QUOTE(abubin @ May 2 2017, 12:42 PM)
Of course the decision will be mine. I am just asking around others opinion here. Since so many professional property investors here. Your experiences are highly appreciated.

I am actually deciding between this Southbank and another project in Kepong by Aset Kayamas.

This one is by UOA who apparently have good value because of their good track record. And UOA only build good quality property. But upon looking at the project, I feel it is too high density. There are no LRT nearby.

The one in Kepong is 100m away from LRT. However, Kepong LRT surroundings now have like 10 projects. It will be massively congested soon.

So for investment point of view, which one you guys think is better? Appreciate all comments.
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Just imagine the que to the train If there are 10 projects surrounding kepong LRT.
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