It seems that it is a trend now. Even big developer like EW, MRCB etc also ask potential buyers to drop cheque (without banking) to gauge interest and potential take up by getting bankers to contact these ppl prior soft launching.

Developers are worry once launch the take up rate will be very low.

How many condos are 200m away?

1km is walkable distance but I doubt many will walk on daily basis.

Precisely.
So u want to walk 200m or 1km if safety is your concern?

You can find out yourself and form your own conclusion.

For commercial title residential development, IMO the density is standard.... It is not residential property obviously the density can't be compared...

Also need to add majority of units are below 1000sqft... The henge project even though is 300units/acre, only 2 sizes are available 1100sqft and 1300sqft. Lakeville the smallest is 978sqft and 2500units on 12acre of land.

One competitive advantage as highlighted by Propcafe is the variance of layout (20layouts) and facing to cater for different target market. For example the popular type A1 only 58units which is 12% of total units. The smallest 3bedrooms Type B9 only 24units. Therefore within the development itself not many competition.

This post has been edited by gks: Dec 24 2016, 02:55 PM

I believe the distance is more than 500m to loop the lake..... Probably around 800m is more realistic figure.
Unless developer shows some evidence of the pedestrian distance.

I didn't mention it is low density... In fact... I wouldn't buy into a low density project as maintenance fee will eat into your profit....Unless only for own stay. Now the maintenance fee is rm0.28psf including sinking fund which is reasonable amount for today"s market.

Actually Rica Sentul reminds me pretty much of Titiwangsa Sentral. Not famous developer, surrounded by old shoplots and so called crime prone area and stigma of chow kit (in Rica case, Sentul).

However the effect of lrt and MRT has caused the price of TS escalated. I do not think Rica the price will increase as much as TS however with MRT impact, I think Rica is will have decent run.

U hv to ask and do survey why majority borrowers only have one borrowing.

TS is appealing in rental market due to location and conveniences. Obviously it will attract blue collar and foreigner workers as well due to its location.
Do you aware there are quite number of professionals such as doctors and nurses inside as well and easily outnumber this Bangla workers.
Some owners have short term interest by maximising return from rental rather than long term appreciation. In every development, there will bad apple and owner has their absolute right to rent out as long as within the house rule.

In today's market where capital already out run rental , only old properties you still can get decent yield to cover your installment. I will be interested to listen any suggestions new properties where rental can convert installment based on 90% loan.

It is underground line here
Noise from MRT is not an issue.

+1

If MRT and close proximity to klcity is not important for the buyer, honestly no point buying Rica Sentul. There will be further development within sentul east/west but surrounding wise I do not think much improvement except within the development itself.

I like how developer put the condo further away from the rear of shoplots by putting water feature/playground/park on the ground between the condo/lobby and the shoplots.

This post has been edited by gks: Dec 31 2016, 08:06 PM

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Initial I think MRT2 not even going into Jalan Ipoh/ Sentul West.

The plan was to launch MRT Circle line first however due to TRX and Bandar Malaysia, they switch the plan the redo the alignment of MRT2. If MRT circle line is still coming to Sentul, it will make sense to have an interchange with MRT2 and either Sentul/ Sentul Timur LRT Station.

The biggest loser here is the Metropolis where now they have biggest convention center but zero public transport going into there and need to wait for MRT Circle Line.

This post has been edited by gks: Jan 4 2017, 01:31 PM

If you have been following MRT1 & 2, they will have preliminary alignment approved by government and public hearings. there after the public feedback they will make amendment of the alignment if any and starts with land acquisition. parallel with the land acquisition, the tender will start for elevated and underground. The process will take between 1-1.5years before physical construction starts. When physical work started, it will take another 5-6years for completion.

https://en.wikipedia.org/wiki/Sungai_Buloh-...rajaya_MRT_Line

YTL has been pretty laidback in developing their prized sentul west landbank. Hopefully after acquiring the KTM's share in Sentul Raya the pace of development will accelerate.

Before the Bandar Malaysia... There was even rumor YTL if they won the HSR job they want to put the HSR station in the land next to the KTM haha.... unfortunately it didn't materialized...

If circle line coming to Sentul and linked with MRT2, it will just bode well with development around Jalan Ipoh and Sentul.

We as investors just put the money where the mouth is...
If just keep talking and no action. Just a keyboard hero. I am really looking forward for next recession and see how these keyboard heros have the resources and balls to BBB. Wait if they missed the opportunity, they will blame the market not drop deep enough.