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 Emira Residence, Section 13 Shah Alam

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AskarPerang
post Feb 15 2018, 05:30 PM

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QUOTE(hikki_hikki @ Feb 14 2018, 08:55 AM)
What are the target for rental? Mainly for MSU undergraduates? I don't think rental can easily up to 2k even for 2BR type.
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Heard that MSU gonna built their own hostel in the future.
Anyway dont think students there able to afford luxury type condominium.

Example Menara U2. Subletter heaven renting out per head. 450sqft. 2 bedrooms. They fit in 6 pax in the unit. 4 in the bigger room. 2 in the smaller room. Using double decker.
AskarPerang
post Feb 18 2018, 06:31 PM

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QUOTE(kh8668 @ Feb 14 2018, 06:25 PM)
Really? V residency 1300 3bedders
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VR2
2 bedroom 816 sqft rental rate 1200.
3 bedroom 1162 sqft rental rate 1400.

All come partial furnish with kitchen cabinet and aircons preinstall by the developer.

But then again VR2 located at Seksyen 22. Not Seksyen 13.
AskarPerang
post Mar 25 2018, 04:50 PM

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QUOTE(kyo2020 @ Mar 25 2018, 12:02 PM)
Taken key already? The facade looks very dull, should put more white colour to balance up.

Let's see how many lelong unit from this place, real war begins..many of them are investors due to low buying price when launch.
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Contradicts statement.
Many lelong units from a particular project only happen if people bought overpriced product.
Low buying price should be a safe buy then.
AskarPerang
post Mar 25 2018, 11:18 PM

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QUOTE(kyo2020 @ Mar 25 2018, 06:35 PM)
Stay cool, lelong unit is very cheap sales. This project selling price was selling around 350k for 600+sf, how much the sales later, let keep our eyes closely. As usual, lelong unit always likely much cheaper than developer price. Although its not a good news to investor, but this is what is happening now..

Someone mentioned 6 months, it will drag until 1 to 2 years for the lelong unit and flipper to dump the price.

Disagree with your statement that lelong unit only happen to over price project. What happening now is lelong unit happen just because flipper have no holding power, it has nothing to do whether the project is overprice and lower price. A flipper who has no holding power bought a very cheap and worth buying project will still ended up in lelong. Though it could be snap up faster, but yet it is still cheaper than developer or subsales. Actually there are many examples..
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For the sake of discussion, please list down few examples?

Every projects will have 1 or 2 lelong units. That is normal. In life, people will face financial problem. Those are isolated cases.
But for a project to have high number of lelong units, that is abnormal and trigger alarm that there is something wrong somewhere. As i mention previously, normally is due to high entry price. Getting big rebates, cash back, etc. The owner is taking loan more than the actual market value. Now of course suffering. If able to rent out also, will be bleeding monthly. Example of such "wrongly priced" project in Shah Alam itself: Vista Alam, I-City, Studio 14.
Example elsewhere: M City, The Elements, Mirage By The Lake, M Residence 2, Garden Heights (Bandar Tasik Puteri), Mutiara Ville, Scenaria, Central Residence, etc.

Cheap entry price project but now in lelong? Nope. So far I dont think there is any. Just look at Maxim Citilights with 1350 units still holding strongly today, even if rental is low, the bleeding is not as much as those pricey projects.

This post has been edited by AskarPerang: Mar 25 2018, 11:20 PM
AskarPerang
post Mar 25 2018, 11:24 PM

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QUOTE(jhuitan @ Mar 25 2018, 11:20 PM)
Have you realized many MS projects in lelong market?
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Yeah. Southville is a confirmed future mega lelong house. People buying coz of KL South address maybe. tongue.gif
And I heard I-Sovo PJ (the one that viral "water" case) was sold at 1000 psf? I wander why people like to buy overprice MS product.
AskarPerang
post Mar 26 2018, 07:45 AM

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QUOTE(kyo2020 @ Mar 26 2018, 02:09 AM)
I think explain in this way:

A strong holding power investor bought an overprice prop - end up no issue paying loan.
A 0 holding power flipper bought a worth and cheap prop - end up lelong.

It does not matter whether the prop is overprice or not, as the ability of paying loan is depends on the calculations and decision made by the buyer which will directly cause them whether will be ended up in lelong. However, generally lower price prop is more easier to sell compare to HIGH (Not "overpriced" price as you put in the earlier post) price prop due to our market needs and thus may have lesser case ended up in lelong. But this is not fully true as the richer ppl that go for higher price prop usually have stronger holding power.

Market is different now and subsales is very difficult and can only sell to home seeker who only afford lower price prop. A higher price (but not overprice) buying prop from developer does not seems to have better subsales result.

Btw, the example that shown from you some are definitely not overpriced as you claimed in my opinion. You can't just point lelong happen because they are overpriced.

Back to Emira, is this project sell higher than other project in Shah Alam? If no, then it will be safe. From the price 350k for 600sf I think should be consider not too bad la..
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Overprice in that area.

You didnt show any example so your argument is only based on what you think.

Anyway even if Emira is 90% bought by investors because is cheap. It wont end up in lelong market because it is not overprice. Full stop.

This post has been edited by AskarPerang: Mar 26 2018, 07:50 AM
AskarPerang
post Apr 14 2018, 11:13 PM

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QUOTE(newsongfashion @ Apr 14 2018, 10:54 PM)
any subsale? what is the market price now?
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1 bedroom at 450k.
2 bedroom at 560-580k.

Refering to the previous page. Someone mention 1 bedroom launch at 350k. Is a 100k profits. Hard to say until actual transaction happen.
AskarPerang
post Jun 18 2018, 02:40 PM

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Emira hand over keys already?
AskarPerang
post Jul 4 2018, 01:00 AM

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Best investment ever those who bought this property. Strategic location. Good end product.




AskarPerang
post Jul 6 2018, 07:01 PM

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QUOTE(MNet @ Jul 6 2018, 06:05 PM)
any lelong unit?
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Very slim chances will lelong here as rental surely no problem.
AskarPerang
post Jul 7 2018, 12:08 PM

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QUOTE(BEANCOUNTER @ Jul 7 2018, 11:03 AM)
As student hostel?
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Premium hostel. Higher grade compare to Menara U, U2, prima u1, brunsfield, etc.
If look at Arte Subang West. Suppose to be high end also. Now end up as premium hostel also. Haha.

So if not able to rent out easily, last choice can just resort to do premium student hostel. Still got last ditch alternative.
AskarPerang
post Jul 7 2018, 12:45 PM

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QUOTE(BEANCOUNTER @ Jul 7 2018, 12:41 PM)
Want higher rent just rent to middle eastern students or negro.
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MSU dont think got negro students.
Cater more to local malay dominant university.
AskarPerang
post Jul 7 2018, 11:49 PM

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QUOTE(nexona88 @ Jul 7 2018, 01:41 PM)
yeah.. one option...
high end one tongue.gif

u would be surprise the students in MSU.. some from out state like Sarawak have deep pockets... willing to pay high rentals whistling.gif
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Students from MSU willing to cramp 6 pax in a studio or duplex unit at Arte Subang West. Wont be surprise they do the same at Emira.
Cannot compare with students around Sunway. Or Negro / Foreign students around Cyberjaya.
AskarPerang
post Sep 20 2018, 12:11 AM

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QUOTE(JianNinety @ Sep 17 2018, 07:08 PM)
Anyone looking to buy subsale? I got a friend want to release the unit.
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QUOTE(MNet @ Sep 19 2018, 09:08 PM)
How much he want to sell?
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Quite a number of owners own ads can be found in the market now.
Smallest unit 614 sqft at 435k. Slightly more if come with an extra car park.
AskarPerang
post Sep 20 2018, 02:15 PM

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QUOTE(planc @ Sep 20 2018, 02:07 PM)
This brickz really spoilt market, if everyone always follow the price there no need increase price tongue.gif
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We are lucky that lelong transaction not listed in brickz.

AskarPerang
post Sep 20 2018, 02:44 PM

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QUOTE(nexona88 @ Sep 20 2018, 02:21 PM)
so fast wanna sell...
better keep first.. later another few years.. sure hot selling one..
the area become more mature & got LRT nearby too tongue.gif
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thanks to the new government, timeline of completion for LRT3 just got extended from 2020 to 2024.
so you need to hold for another minimum of 6 years more. at least.

QUOTE(planc @ Sep 20 2018, 02:32 PM)
Can see trend for the new launch now..price maintain at around 500k, build up from 450 to 800sf, psf 600-1100..price same size more n more smaller
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They called it efficient layout. Smaller size but fit it same amount of bedrooms. Keep the absolute price "affordable".
650 sqft 2 bedroom
800 sqft 3 bedroom

That's the acceptable layout size today. In future maybe we will get more adventurous with:
500 sqft 2 bedroom
700 sqft 3 bedroom
Price the same as the 2 bedroom and 3 bedroom size today. Just that you get a smaller size pigeon hole to live in.
AskarPerang
post Oct 31 2018, 12:11 PM

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Should be one of the best high rise in Shah Alam today.


AskarPerang
post Dec 18 2018, 04:58 PM

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Lelong unit check in from Emira. 2 units at once.
From the below shop lots.
Expected as commercial market is dying at the moment.
AskarPerang
post Jan 5 2019, 11:07 AM

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My friend just rented out his unit 2 bedroom unit located at the facility floor (extra patio area I guess, effective built up area for his unit should be more than the normal 883sqft) for RM2500 partial furnish.
He just added in aircons apart from the normal fans and lighting. Kitchen cabinet and stuff there already pre installed by the developer.
Good price I would say and maybe the tenant likes the balcony area as able to head down exit the house from that direction as well, got flowing water canal view, etc. Very unique only units at this floor level 8 got the feature.

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AskarPerang
post Feb 13 2019, 11:46 PM

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Very nice view from this unit:



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