Welcome Guest ( Log In | Register )

Outline · [ Standard ] · Linear+

Investment SKY SUITES @ KLCC [OWNERS' THREAD], "Massive" KLCC project on the cards

views
     
gks
post Sep 2 2016, 01:34 PM

Look at all my stars!!
*******
Senior Member
3,835 posts

Joined: May 2008
QUOTE(cheahcw2003 @ Sep 2 2016, 01:06 PM)
Low ceiling is the recipe to lower down the cost. If it can build 5 storey of condo in 4 storey overall ceiling height. Construction cost saving is 20%.
*
Reduced ceiling height definitely will help bring down the cost but the example above was quite overblown as you still need to build the same facilities, fittings and finishes, concrete floor etc.


gks
post Sep 2 2016, 03:22 PM

Look at all my stars!!
*******
Senior Member
3,835 posts

Joined: May 2008
QUOTE(BEANCOUNTER @ Sep 2 2016, 02:58 PM)
that provided you understand the rental market and targeted market well, meaning only targeting at single expat that doesn't do any entertainment at home. basically a place for him/her to sleep.

but there are 1000units in one single development......if you take into acc of dual key, it will be easily 1500 or more units of similar configuration.

like I said earlier...for short term tenant, perhaps it fits the purpose.
*
What is your understanding of tenant market demand in KLCC then? And expected rental they willing to pay?
gks
post Sep 5 2016, 11:31 AM

Look at all my stars!!
*******
Senior Member
3,835 posts

Joined: May 2008
Actually a lot of condo with 9ft+ ceiling height.
8.5ft is definitely on low side however bear in mind, Vortex is designed with unit comes with plaster ceiling and fully air conditioned unless you personally want to install the ceiling fan.

For more generous developers (some are their signature development) they will give 10 or 11ft (without plaster ceiling which will easily take 6" away). I believe this is more exception than normal. Some development that utilising low cost structural design has 1ft depth beam across living and dining. if you want to cover this, the ceiling will be even lower.
Now, I am not sure this will be translated into extra 20% cost or not.
gks
post Sep 7 2016, 09:47 AM

Look at all my stars!!
*******
Senior Member
3,835 posts

Joined: May 2008
If you invest RM400K for 3 years RM100K return, the ROI is definitely not good. You probably better off will stock investment.
gks
post Sep 8 2016, 01:01 PM

Look at all my stars!!
*******
Senior Member
3,835 posts

Joined: May 2008
I do not think the "magic" of double upon VP will happen again. That's purely insanity of the market where developers misread the market. They are selling property for profit, not for charity.

The properties that you quote above.. whether will make money or not upon VP already a question mark.
gks
post Sep 8 2016, 05:15 PM

Look at all my stars!!
*******
Senior Member
3,835 posts

Joined: May 2008
QUOTE(DavidKool @ Sep 8 2016, 03:08 PM)
Invest RM 400k for 3 years and get RM 100k as return, I think it might be not a lot for some but for me, it's consider good and not bad. The most important thing for me is how liquid is the property can be sell upon VP or completed later? If easily can flip for RM 100k profit within 3 years, thats decent enough.

If put in RM 400k and probably got RM 300-400k return on paper, however if only got market value but without buyer and zero viewing, that investment also become useless and strictly non liquid asset. There are also cost going to be incurred upon holding every month.
*
It is question of what vehicle you plan to use. If you want liquidity, property is never a good vehicle and for such investment (RM400K) vs return (RM100K), IMO stock investment or even Amanah Saham will do much better job with the liquidity intact.
gks
post Sep 9 2016, 10:28 AM

Look at all my stars!!
*******
Senior Member
3,835 posts

Joined: May 2008
QUOTE(DavidKool @ Sep 9 2016, 10:23 AM)
Maybe, but btw property and stock, I feel property is less risk but longer game. I didnt do well on my stock investment, but not bought too many either. Some of my friends bought a lot but never see they earned big money.
*
If you put rm400k in amanah saham, with 6% dividend you will get the 25% return in 4years.
gks
post Sep 9 2016, 11:04 PM

Look at all my stars!!
*******
Senior Member
3,835 posts

Joined: May 2008
QUOTE(BEANCOUNTER @ Sep 9 2016, 10:38 PM)
My info on vortex is very fragmental....

Better do your own diligent research.

Alll i know now is tenants are hard to find for vortex...and they are throwing rediculous price to owners to rent...
*
The current market the general consensus is hard to find tenant with reasonable good yield especially newly vp.

It is not an issue that isolated with Vortex.
gks
post Sep 13 2016, 02:22 PM

Look at all my stars!!
*******
Senior Member
3,835 posts

Joined: May 2008
QUOTE(KLCCKLCC @ Sep 13 2016, 12:24 PM)
Will you buy over 1 mil property in klcc with blocking view?
*
Where to get unblocked 3 bedrooms in KLCC with RM1m?
gks
post Sep 13 2016, 02:23 PM

Look at all my stars!!
*******
Senior Member
3,835 posts

Joined: May 2008
QUOTE(KLCCKLCC @ Sep 13 2016, 11:33 AM)
I'm not sure how far price will go for Skysuites after completed. Vortex no matter how unit got view.
Skysuites is windows view.
*
If view is important, Vortex is definitely better option. Already completed and ready for rental. thumbup.gif
gks
post Sep 13 2016, 02:56 PM

Look at all my stars!!
*******
Senior Member
3,835 posts

Joined: May 2008
QUOTE(KLCCKLCC @ Sep 13 2016, 02:41 PM)
My meaning is for sub sale market. Will buyer pay over 1mil for window view?
Scary is when you look up. Cant even see the sky.
Vortex is different, as least got other high rise building view.
*
That is where I am coming from.
If subsale buyers want to buy 3bedrooms in KLCC with budget RM1m, whether with or without window, do they have other choice?

Then again.. if you look closely..... many units are not facing idaman anyway.

gks
post Sep 13 2016, 05:20 PM

Look at all my stars!!
*******
Senior Member
3,835 posts

Joined: May 2008
QUOTE(KLCCKLCC @ Sep 13 2016, 05:18 PM)
Yup, Soho suites & Vortex.
*
Soho and vortex do not have 3bedrooms
gks
post Sep 13 2016, 05:55 PM

Look at all my stars!!
*******
Senior Member
3,835 posts

Joined: May 2008
For investors that done their homework correctly, less than 30% of the units are blocked with neighbours at your face.
Those who comment here... quite obvious didn't do their own due diligence or never been to the site and sales gallery.

This post has been edited by gks: Sep 13 2016, 05:56 PM
gks
post Sep 13 2016, 06:18 PM

Look at all my stars!!
*******
Senior Member
3,835 posts

Joined: May 2008
QUOTE(BEANCOUNTER @ Sep 13 2016, 06:11 PM)
But with monoland..u cant pick your feng shui unit...
The developer gave u what u need to buy....

I thought the 3 sides of the land are franked by buildings....and right in front of the 3blocks..there is one more block (not blocking the entire 3 blocks but some units).
*
Even those allocated the unit with facing directly to Idaman, they are happily accept it because the unit is cheapest entry cost. There are no way in KLCC you can buy 3 bedrooms for less than RM1m.

Of course you can choose to walk away if the unit is not your fengshui unit.
gks
post Sep 14 2016, 01:38 PM

Look at all my stars!!
*******
Senior Member
3,835 posts

Joined: May 2008
QUOTE(cheahcw2003 @ Sep 14 2016, 01:22 PM)
Not 100% true, some units at the back facing KL Tower (Block A), and facing Jln Ampang/ Zouk/ Maya Hotel (Block C).
the back facing not entirely blocked by idaman as mentioned by GKS
*
rclxms.gif already did homework. thumbup.gif

For those who are interested/vested already done their due diligence.
gks
post Sep 14 2016, 01:42 PM

Look at all my stars!!
*******
Senior Member
3,835 posts

Joined: May 2008
QUOTE(BEANCOUNTER @ Sep 13 2016, 06:22 PM)
Those facing idaman units ok lah...a good 50' away.

Even landed smds yr neigbour is a mere 20' away nia...

The only diff is smds usually have 5' high barrier....but condos u see terang terang....

Also yr units will get min amount of sunlight per day...
*
When you are in prime KLCC location, open view is a luxury. Even a high floor will not guarantee you unobstructed view forever as some structural will always come up in empty land. or old buildings will be demolished will make way for newer and taller buildings.

Those who put priority on view should shop carefully to ensure all angle already covered. KLCCKLCC quoted SOHO... Does he aware the present HongLeong bank will make way for future development upon relocation to DC? whistling.gif
gks
post Sep 15 2016, 11:53 PM

Look at all my stars!!
*******
Senior Member
3,835 posts

Joined: May 2008
QUOTE(emyght2016 @ Sep 15 2016, 11:00 AM)
for those whom are into hedging strategy, there are some 3-bedders units @ 1.2k sqf can close at 850k, circa 710/sqf.. these are not subsale, it's completed 1st hand developers' holding units and quite matured, with almost fully furnished, standard carpark & > 10ft ceiling height.. tongue.gif

i mean, i don't follow klcc much nowadays, in fact, never been vested... but random dogging still reveals that there are worthy buys around klcc.. discount the 4-5 years construction interest costs, well below 700/sqf with immediate PRC company taking up the tenancy..

nvt, being a typical monoland a.k.a. gca product and no-frills pricing with almost zero marketing cost, no carparks.. congrats for those who managed to get a unit but as in most investments, know your gameplan..
*
R u refer to regalia? I believe the leftovers are 2 bedrooms configuration.
gks
post Sep 16 2016, 07:26 AM

Look at all my stars!!
*******
Senior Member
3,835 posts

Joined: May 2008
QUOTE(emyght2016 @ Sep 16 2016, 01:54 AM)
to me, regalia not considered klcc..

subject is along the stretch of jalan ampang around 1.5x, maybe 2x the distance from skysuites to ptt but still very walkable, certainly not regalia..
*
I am interested to explore more on this. If you and your associates not keen, would you mind pm me the contact?
gks
post Sep 17 2016, 11:58 AM

Look at all my stars!!
*******
Senior Member
3,835 posts

Joined: May 2008
QUOTE(emyght2016 @ Sep 16 2016, 11:12 PM)
oops, sorry ah bosses sekalian.. i forgot tim to speak piger's lingo, lost touch a bit, not write like prop review hor.. hehe

but hor, those whom pm me memang lagi chim, asking whether this is a GRQ scheme..? i think so lah, if u can flip american-burger for a day to earn 200k profit..

anw, from the last few posts and the pm's itself, i am guessing lah..

1. many pigers here still got moolah to whack, mortgage aside..
2. serial investors are still digging below market props in klcc, got research project summore..
3. smallest is not always better, price-point is less sensitive now..

trying to stick close to the skysuites topic.. oops.gif
*
Every investors want to find the qin dynasty treasure but dunno where to find nia...thought can find at their lap in forum kekeke
gks
post Sep 19 2016, 02:43 PM

Look at all my stars!!
*******
Senior Member
3,835 posts

Joined: May 2008
QUOTE(Joink @ Sep 19 2016, 02:26 PM)
It also depends on the age (excuse me if this has been posted earlier). I know 2 condos (think 200m apart) in KLCC area, one going for 1600psf and the other 700psf. Needless to say, the 700psf is old while the 1600psf is fairly new.
*
Yes condo like mayang court which is 30years are rm700psf where 250m closer to klcc, on extreme side of pricing four seasons is priced at rm3000psf.



3 Pages < 1 2 3 >Top
 

Change to:
| Lo-Fi Version
0.0363sec    0.61    7 queries    GZIP Disabled
Time is now: 22nd December 2025 - 08:10 AM