Floor 6, corner unit, door facing east. RM591k with 5+5% discount. Free 1 aircond for each room.

Refer to attachment, D-1-1 and D-1-9 from floor 3 to 12 have been taken already. Fyi, D(block d)-1(floor)-1(number). D-1-1 popular because window facing east. Can eat morning sun. D-1-9 popular due to feng shui 坐北向南.




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I think the amount of students are grossly exaggerated. I would estimate Uniten to house about 8k students realistically, and IUKL about 2k students.

And the rental yield is not so fantastic also.

Looking at history, the worrying part to me is how long will it take to complete the project. Looking at Block A & B which was launched in 2007, it only handover in 2013. About 6 years to complete. Without DIBS, how many years can we bleed if the new blocks also take that long to finish? And it's currently asking from RM1.3k rental and currently subsale is asking for about RM365k. A big RM200k difference from the new block. Which puts the older block more attractive for lower entry point for investment.

Old block has multi-storey covered carpark, where as, the new block is all at the ground level, only some covered.

The pool seems to belong more to the block A & B. For the new block to go to the pool, one must walk across the open carpark about 50 meters to get there. Talking about dripping wet in slippers half naked walking in the sun for 50m to get to your lift after a swim. lol.

As for the De Centrum mall, I'm only worried it might turn out to be something like Nuxezui in Ara Damansara. Of course they would want u to think its gonna turn out like Sunway Giza. But realistically, I would think ppl would be more attracted to IOI City Mall. Hence, the Clio Residence there launching 3rd quarter this year might be more attractive in this aspect.

Just my opinion.

This post has been edited by Cantalope: May 25 2014, 11:12 PM

Vely gud and balanced opinion

You are right on the delay of block B. The buyers of block b got 10% discount from the developer if i am not mistaken. The developer Protasco is very new in property industry. This is one of the worrying part of buying this Phase 2 condo. Not sure how capable they are to develop this township.

But, speaking of the rental, i think the rental went up quite a bit to RM1900.

http://www.iproperty.com.my/property/searc...=&au=&sby=&ns=1

Just wonder how much difference of rental would it be comparing 4 rooms with 4 toilets(block D) and 3 rooms with 2 toilets (block A &B)?

6 years to complete ? What actually happened ?

Well the buyers may be bleeding servicing the loan interest, but they will also get compensation from the developer, isn't it ?

The key is whether the figures in iprop is dependable. Maybe it's just asking price and it never gets taken at that price !

http://www.propertyguru.com.my/property-li...or-rent-4962587

this is even more ridiculous. haha

yup.. dunno how will they take it.. rental game.. can it be like IMU? vista kommanwell?

de centrum have better location.. near by coming largest mall 1o1

This post has been edited by bearbearwong: May 27 2014, 12:14 AM

Hey guys, I am an agent for Unipark Condo Phase 2.

We are accepting booking now with RM5,000. The launch will take place sometime in mid June, and there will be a 10% rebate for 7 days.

Many of the units had already been taken by foreign investors as it is expected to do really well if you see the master plan.

If you wish to know more about this, please PM me or I can be reached at 0123226044!

Here are some brief details about the property, since some of you already shared above.:

Type 1 (Normal): 1,297sf - 4 bedrooms, 4 bathrooms. Comes with 4 airconds, 1 carpark.
From RM575,000

Type 2 (Duplex with dual keys): 2,594sf - 8 bedrooms, 8 bathrooms. Comes with 8 airconds, 2 carparks.
*13th floor onwards
From RM1,065,000

The developer is also the owner of Infrastructure University Kuala Lumpur (IUKL), which is located really close to the Phase 2 condo. The existing hostel for housing more than 1,000 IUKL students will soon be demolished, so you can expect that the rental demand will be going up.

Expected rental yield per room: RM600+

UNITEN is also just 1.5KM away, another good source for rental. De Centrum Shopping Mall will also be up by 2016.

If you guys don't know yet, this condo is just 5KM away from IOI City Mall (due to be completed this year) is the largest mall in Malaysia. Expect cinemas, 5-star hotels and offices to further bring up the value of the properties around this area. You can read more about IOI City Mall.

I am up for a yam cha session anytime if you would like to know more about this, and please be reminded, 10% rebate is limited to 7 days only. BOOK THIS CONDO ASAP! I can be reached via PM, or SMS/Whatsapp/Call 0123226044, John for more information.

Is the developer help investors rent out? Any plan of lobbying mrt2 line to this mall?

If I say yes the developer will help investors rent out it would be a lie, but that usually is not a problem, there will be many property negotiators assisting owners/investors to secure tenants anyway.

As for the MRT line, it is proposed, but again things can change eg: if government changes, if government suddenly change their minds etc, government delay it etc. But I am pretty sure the big players in this area will push for it.

Cheers

hey bro. how many units taken already?

Last update was there were only 100 units left of the 160. This is even before the launch. Launch happening in 2-3 weeks time.

how many of them are foreigner?

no official numbers, but I know foreign investors took at least 30 units. =)

If u were right about the rental,

Monthly rental = ~RM2400
Maintenance + sinking fund = ~RM300
S&P price = RM535k (10% discount)

Hence, ROI = [(2400-300)*12 / 535,000] * 100 = ~4.8% only
Cash flow = 2400 - 300 -2400 (installment) = -300 (negative cash flow)

Doesn't look good to me eh...

Good calculation, but the rental is based on the existing/current demand.

You're calculating a -RM300 cash flow based on the current rental and selling price of the pre-launch property.

There are a couple of interesting things that will be spiking up the price in the near future:

1. The opening of IOI City Mall this year (among the largest mall in Malaysia)
2. IUKL existing hostels that will be demolished
3. The increase of intake in both IUKL and UNITEN
4. The opening of De Centrum Mall right at the condo. 2016
5. MRT (many many years to come though, hehe)
6. Property appreciation: This will be completed in 3 years time

=)

This post has been edited by spcx: May 31 2014, 11:35 PM

1. The opening of IOI City Mall this year (among the largest mall in Malaysia) -> agree on increase of housing demand
2. IUKL existing hostels that will be demolished --> doesn't see much impact since they are taking up the whole block C to replace the hostels
3. The increase of intake in both IUKL and UNITEN --> God knows
4. The opening of De Centrum Mall right at the condo. 2016 --> agree but hopefully it won't become a dead-mall
5. MRT (many many years to come though, hehe) --> will only come in 2020 if approved
6. Property appreciation: This will be completed in 3 years time --> hopefully economy crisis won't hit malaysia. if really hits, sub-urban area will be the 1st in deepshit

If we compare with Phase 1 block a and b,

Current selling price: ~RM390k (1060sf)
Monthly installment: ~RM1600
Monthly rental: ~RM1900
Monthly maintenance: ~RM250

ROI = (1900-250)*12/ 390k = ~5%
Cash-flow = 1900-250-1600 = RM50

Also, the room of appreciation in term of value and rental would definitely be much better than Phase 2 considering all the boosters that you mentioned.

Isn't it better than phase 2?

Appreciate if you can enlighten me how to justify to buy phase 2 instead of phase 1 since I've already booked one unit

Rental return for older condo should be better than the new ones because of the selling price lower.

Did you have an estimate of the capital gain when VP ?

Any cross reference data from the phase 1 ?

Glad to know the hostels will be demolished. It is like waiting for cow come home.

Wondering why the price not picking fast for phase 1 if compare other university nearby project like kota damanaara. Sunway. Setapak. B j. Sg long. and serdang.?