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Investment RICA RESIDENCE @ SENTUL [OWNERS' THREAD], 200m walk to Sentul West MRT Station

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gks
post Dec 16 2016, 01:43 PM

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QUOTE(mthc @ Dec 16 2016, 01:25 PM)
No APDL yet so anything is possible because the cheque is being held and not banked in at the time being. The current booking form is like a survey form. There is no developer name etc in that form. Just age sex location email marital status lol
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My experience dealing with booking without APDL once you have locked in the unit with developer, the developer usually will not allow name swapping to prevent profiteering as well as under table. Despite not bank in your cheque due to regulation, developer has all details and you cannot simply swap or let go your unit without approval from developer.

Check with agent/developer for those interested.
gks
post Dec 16 2016, 09:24 PM

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QUOTE(mthc @ Dec 16 2016, 09:17 PM)
Near MRT meh? U sure or not? I remember it's not walking distance leh
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Lakeville will be walkable to mrt2 only if the proposed access road to jalan kepong is built.

Also one issue play against Lakeville... mrt2 will only operational in 2022...when is the targeted completion for lakeville? End of 2017? Owners need to hold 4-5years before seeing any spillover impact from mrt2...

Also if I didnt wrongly... Lakeville only first few floors facing carpark were cheap.. above podium..majority I believe >rm600psf
gks
post Dec 16 2016, 09:25 PM

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QUOTE(nond @ Dec 16 2016, 09:21 PM)
yes bout 800m.
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It is "walkable"... But sweaty walk

gks
post Dec 16 2016, 09:35 PM

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QUOTE(planc @ Dec 16 2016, 09:30 PM)
Repeat buyer can get further discount and final phase complete in 2019
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For fairer comparison... What is the price of this final block? In lakeville thread, a forumner said price has up by 20% which mean the cheapest probably starts from rm675psf*978sqft=rm660k for 3bedrooms.

Then again between 2019 and 2022... A good 3years waiting time before you can feel the impact mrt2.
One good thing about lakeville... the units come almost fully fitted... Reduce the renovation cost.
gks
post Dec 16 2016, 09:50 PM

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Not bad the price then. So what is the cheapest for those units above podium level?
Mind to share the walking route from LV to mrt station?

I think rica's construction period is 4years therefore completion is early 2021. Ie less than a year to wait for first phase mrt to be operational.
gks
post Dec 16 2016, 09:51 PM

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QUOTE(mthc @ Dec 16 2016, 09:49 PM)
I remember it was hovering around an average of 650k. Early phase maybe around close to 600k. 2-3k increase per floor so 10 floors up can be 25k more already on an average.

Boss condo Reno nowadays very cheap only..
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Yes, you can renovate cheaply...but mahsing provide quite comprehensive and decent quality of the furnishing and credit must be given for that.
gks
post Dec 16 2016, 10:06 PM

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QUOTE(David_77 @ Dec 16 2016, 10:02 PM)
Hmmm... second time that I see. Another buyer promoting his investment choice on another thread.
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I think good debate and discussion
As investor, we can't run away from comparing to invest in product that generate the best return for our money.
gks
post Dec 17 2016, 10:08 AM

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QUOTE(nond @ Dec 17 2016, 08:15 AM)
seeing the court 28 tread, any1 know rica ceiling height and also any grand lobby ?
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Clear ceiling height from floor is 10.5'.
gks
post Dec 18 2016, 01:39 PM

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QUOTE(planc @ Dec 18 2016, 01:31 PM)
I think you guys repeat "Lakeville" this word more than me smile.gif ,I'm asking you guys if rental play how to compete with Lakeville fully furnished unit? And told told you I'm looking Jalan Ipoh Rivercity good deal for rental play, bigger build up, no need to pay interest during construction and also walking distance to this Sentul west station, downstairs got many bank, opposite full of restaurants dimsum
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Personally.. i think direct product comparison with Lakeville will be Ecosky and Mizuni/ Henge due to timing of launch, location, product, density etc.

Rica direct competition is Court28 and Pano.

Fennels and Capers obviously one or two grades above the rest above.


gks
post Dec 19 2016, 09:41 AM

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Actually... With the entry of MRT.. it will bode well for the residents and property prices along jalan Ipoh. Whether viva, rivercity or putra majestic. It is question of which horse that you plan to pick that fit within your analysis.

As for Rica, I believe many pick it because close proximity distance to MRT station, size and configuration of layout, multiple access and price.

If you look at other high density location such as Old Klang Road, Jalan Puchong, Mont Kiara etc.. They do not even have any alternate public transport currently.....

This post has been edited by gks: Dec 19 2016, 09:58 AM
gks
post Dec 19 2016, 10:30 AM

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Also for Rica, the entrance timing is quite sui as the expected VP will be early of 2021 where phase 1 MRT2 expected to be operational by end of 2021.

If you buy existing condo along jalan Ipoh, you need to hold for few years before reaping the MRT2 effect. Even Court28 the VP expected in 2019, a good 2-3years before MRT is operational.
gks
post Dec 19 2016, 10:33 AM

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QUOTE(AskarPerang @ Dec 19 2016, 10:25 AM)
And I don't think Lakeville Residence is walkable to Sri Delima MRT2 station. Got proposed link bridge across the lake? Next option is walking semi circle around but will that be too far?
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Maybe planc can share the proposed or approved access road to jalan kepong / MRT station? I remember it was about 800m. Unless there is pedestrian bridge across the lake.
gks
post Dec 19 2016, 11:17 AM

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QUOTE(JustNobody @ Dec 19 2016, 11:04 AM)
S&P is the agreement between the developer and buyer, the item in there 100% related to only your unit and the project itself... If the developer promise the bridge, usually it won't stated in the S&P.. It will not make any sense to do that.
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Usually will form part of the development order and requirement imposed by local authority before can obtain CCC. If it is not there... totally up to developer's discretion to build it OR mouth of commitment.
gks
post Dec 19 2016, 11:20 AM

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QUOTE(JustNobody @ Dec 19 2016, 11:12 AM)
This one I believe they can and if developer want, anyway, the maintenance fee and running cost of the shuttle bus will still at the expenses of the condo.. Hehe.. have to see how long this shuttle bus can run and how much the running cost will be, It may end up owner need to pay higher charges or there will be min charges to use the shuttle.
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Yes the services can be specified as part of SPA and therefore the tab will be picked by owners. It can be a good USP if residents use the service.
gks
post Dec 19 2016, 01:16 PM

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QUOTE(BEANCOUNTER @ Dec 19 2016, 01:11 PM)
sentul project tok cok til kepong project and try to solve the kepong projects imperfection????
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Bound to happen when try to make comparison for investment purpose.
gks
post Dec 19 2016, 09:43 PM

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QUOTE(iphonegizmo @ Dec 19 2016, 06:27 PM)
i only see this project called RICA Residence in MALAka
Not sentul. (maybe if fake or con project just use the name)

http://www.ricaresidence.com/
http://news.fb.com.my/
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Rica Melaka is FB"s current ongoing project

They have a project in kinrara also called Rica which will be launched next year.
gks
post Dec 21 2016, 11:21 AM

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QUOTE(icemanfx @ Dec 21 2016, 10:47 AM)
Property is illiquid, buy when blood is knee deep on the floor. With price in the US and UK back to pre-2008 level, myr depreciated, capital control in place, unless one has spare change off shore, one can only blow water.
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Icemanfx you have been preaching property bubble since?

This reminds me of another forumner called toptail in another forum.

Good luck if you choose this route and holding off your purchase and wait for crash.

I can assure you... When it is real crash... You will have no balls to enter the market. As it is equate to catching a falling knife.

This post has been edited by gks: Dec 21 2016, 11:22 AM
gks
post Dec 21 2016, 11:40 AM

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QUOTE(icemanfx @ Dec 21 2016, 11:31 AM)
When blood is knee deep on the floor, price could be cheaper than replacement cost, how much could go wrong? If one bought foreclosure property in the US or UK back in 2012 (over 4 years after crisis), do you know how much one could made by now?
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When was your last purchase? Anyway, I think this is wrong the thread to talk about bubble.

Tbh, the only people who can take advantage of bubble (or u call it as blood is knee deep) is investors with deep cash. If you plan to buy with bank loan when blood is deep knee, then good luck to you.
gks
post Dec 22 2016, 03:52 PM

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Now drop off units emerge from the agent?
gks
post Dec 22 2016, 04:52 PM

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QUOTE(AskarPerang @ Dec 22 2016, 04:38 PM)
Been to Ikea? There is a show unit for less than 600 sqft. 2R1B very similar to A1 unit.
However the one in Ikea is better layout in term of the placement of the toilet door. There is no toilet door access towards the living room. But you can access the toilet through the rooms. Got 2 toilet doors for 2 rooms. Meaning that your furniture outside able to place straight against the wall. Saving more space I would say. If you know what I mean. Really should pay a visit to Ikea to see that show unit.
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Have a door@bathroom opened to living is better for privacy purpose. Otherwise ur guests need to enter ur bedroom before use the bathroom.

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