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Investment LOT 15 @ SUBANG JAYA CITY CENTRE, The upscale living in Subang Jaya

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BEANCOUNTER
post Jul 18 2018, 10:49 PM

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QUOTE(JasonLeeX @ Jul 18 2018, 10:46 PM)
It does not make any sense to build a surau on residential condos though since you could just pray at home.
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It just prayer room lah....

Not those free standing structure with minerat n loud apeaker.

If everyone can pray at home then this world doesnt need mosque temple church n kuih jor.
SUSJasonLeeX
post Jul 18 2018, 10:56 PM

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QUOTE(BEANCOUNTER @ Jul 18 2018, 10:49 PM)
It just prayer room lah....

Not those free standing structure with minerat n loud apeaker.

If everyone can pray at home then this world doesnt need mosque temple church n kuih jor.
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I mean, it felt like the space could have taken to build something else. It's a common area after all...

I'm ok if let's say there are 2 level of Soho units then the surau is build within the Soho level. Make sense but for residential building having a surau on the facilities area just doesn't seem logical to me... unless that person don't like his own home.
BRE
post Jul 19 2018, 07:33 AM

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QUOTE(BEANCOUNTER @ Jul 18 2018, 08:50 PM)
Trop garden or

Trop metropark?

Metro is mbsa

Garden is mppj
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Tmp under mpsj la nt mbsa
StarFalls~*
post Jul 19 2018, 10:24 AM

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QUOTE(JasonLeeX @ Jul 18 2018, 10:56 PM)
I mean, it felt like the space could have taken to build something else. It's a common area after all...

I'm ok if let's say there are 2 level of Soho units then the surau is build within the Soho level. Make sense but for residential building having a surau on the facilities area just doesn't seem logical to me... unless that person don't like his own home.
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you're new in malaysia? sweat.gif
SUSJasonLeeX
post Jul 21 2018, 04:51 PM

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QUOTE(teen08 @ Nov 20 2017, 01:12 PM)
From what I see is 85% is already taken up. The pic is from Sunday at around 6pm
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Why all the bottom units are taken but not top? People no rike high levels?


SUSJasonLeeX
post Jul 21 2018, 04:54 PM

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QUOTE(BEANCOUNTER @ Nov 21 2017, 11:12 AM)
really dropped glasses.

harve BJ near HTC, kena ppl hantam left right and centre.

and this one close to 1000psf....yet ppl all rush to sapu htc view..........

even USjH also close to HTC but they still sell like hotcake.

whereas in Eco Forest thread, ppl withdrew their booking bcos there is land allocated for HTC.

Perhaps EW needs to learn a thing or two about SIME.
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I noticed that Tower A is slanting to the far left I believe non of the units are facing the TNB and high tension cables. I believe only the far right units could view the TNB and HTC, other units especially the far left and Tower B doesn't seem to have that problem
SUSJasonLeeX
post Jul 22 2018, 09:34 PM

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I'm just wondering... why is lot 15 so expensive PSF compared to other service apartment in prime area?

Tropicana spent RM106mil to build the federal highway bridge and they bought the land at quite a hefty price hence I understand why they are charging at RM800+psf despite not being in prime area. Lot 15 does not seem to have any external construction (bridge to mall / special walk path to LRT) and Sime Darby got the land DIRT CHEAP since they owned the land many years back.

I was expecting that they would charge around RM700-800+psf (Standard rate for most serviced apartment in prime area like Panaroma KJ/south link)

But they seem to charge a premium level rate despite not having to build any external construction & again... they got the land for DIRT CHEAP.

So why is it being charged at such a high rate? Did they use the money for better material or they pocket a shit ton of profit from this project?

This post has been edited by JasonLeeX: Jul 22 2018, 09:36 PM
gks
post Jul 22 2018, 09:44 PM

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Another analogy.. if you have acquired a bungalow in Damansara heights for rm100k 30years ago, would you sell it at rm500k today?

The answer is you will sell it at market price at willing buyer willing seller.

Similar to all developers.
BEANCOUNTER
post Jul 22 2018, 10:56 PM

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QUOTE(gks @ Jul 22 2018, 09:44 PM)
Another analogy..  if you have acquired a bungalow in Damansara heights for rm100k 30years ago, would you sell it at rm500k today?

The answer is you will sell it at market price at willing buyer willing seller.

Similar to all developers.
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This guy...give him cheap and plenty of facilities he scared and questioned why so cheap and full of facilities.

Now he complained why lot15 so expensive.
SUSJasonLeeX
post Jul 22 2018, 11:57 PM

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QUOTE(BEANCOUNTER @ Jul 22 2018, 10:56 PM)
This guy...give him cheap and plenty of facilities he scared and questioned why so cheap and full of facilities.

Now he complained why lot15 so expensive.
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Not complaining bro, just wanted to know the reason behind their pricing... you also see the contrast right?

1 shit load of facility, being in prime area + near LRT + generally better view - Cheaper PSF

another very much less facility, being in prime area + near LRT + view definitely takada - Expensive PSF

There must be a reason why there is a contrast that I don't know about hmm.gif

This post has been edited by JasonLeeX: Jul 23 2018, 12:10 AM
SUSJasonLeeX
post Jul 23 2018, 12:05 AM

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QUOTE(gks @ Jul 22 2018, 09:44 PM)
Another analogy..  if you have acquired a bungalow in Damansara heights for rm100k 30years ago, would you sell it at rm500k today?

The answer is you will sell it at market price at willing buyer willing seller.

Similar to all developers.
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That is why I did not say they should charge RM500+ psf like those cheap lands on outskirt but they are charging more than most project out there with similar capacity. Since they are charging a premium, is there any reason to it? Perhaps better material being use, better M&E/equipment like better lifts or more quality facilities... better security feature perhaps? I don't know... just wondering why are they charging so much.... I don't believe it is solely because the project is situated in subang... I know it is a prime land but at that rate they are very close to those semi high end project in KL adi..

Honestly though, I thought they would have charged lower (in view that their land was acquired at a cheap rate) so that people would sapu the project very quickly, the uptake is not as expected by their boss which predicted that by June everything will be sold but it seems that there are still quite a number of unsold units

This post has been edited by JasonLeeX: Jul 23 2018, 12:14 AM
BEANCOUNTER
post Jul 23 2018, 10:48 AM

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QUOTE(JasonLeeX @ Jul 22 2018, 11:57 PM)
Not complaining bro, just wanted to know the reason behind their pricing... you also see the contrast right?

1 shit load of facility, being in prime area + near LRT + generally better view - Cheaper PSF

another very much less facility, being in prime area + near LRT + view definitely takada - Expensive PSF

There must be a reason why there is a contrast that I don't know about  hmm.gif
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Just read the report on 1mdb and ecrl.

Its all there.

If najib had won the last election, you are buying from cina mari co, not loh&loh anymore

This post has been edited by BEANCOUNTER: Jul 23 2018, 10:49 AM
holypredator
post Jul 27 2018, 08:06 PM

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I saw the brochure ada main lobby / waiting lounge.. Picture show macam like having a hotel like lobby with drop off porch.

They also have a dedicated control room separated from the guard house and management office?

They building a hotel or what?

This post has been edited by holypredator: Jul 27 2018, 08:06 PM
SUSJasonLeeX
post Aug 9 2018, 09:16 PM

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Any lot 15 buyers here? Mind sharing how much PSF you've bought your property, at what level and how many SQF (after discount everything)

I wanna compare between different project and average out see if the project is deemed value for money

This post has been edited by JasonLeeX: Aug 9 2018, 09:17 PM
holypredator
post Aug 15 2018, 09:06 PM

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Can somebody tell me what "added value" Lot 15 is actually giving to its client/buyers? *Basic facilities & nearby amenities (location) are not added values.*

Every projects have its own added value that attracts the consumers

1) Pavillion Bukit Jalil - They build a dedicated bridge linking to the park for park residence and a dedicated bridge linking to the mall + park for Park 2

2) Tropicana Metropark - They build a RM100+mil bridge straight linking to the federal highway, bypassing the toll (it's kinda useless now since toll is abolished) and they managed to turn their postcode to be administered under MBSJ instead of MBSA for the benefit of the residences

3) Panorama Kelana Jaya - A huge piece of land was dedicated for facilities and heard they are building a walkway/pathway linking straight to the LRT for the residence convenience.


As far as I know, Lot 15 does not seem to offer any added value to its residences (correct me if I'm wrong). They gave the bare minimum facilities and instead of using the land to maximize the interest of the residence by building something useful for the residence or something that would benefit the residence, they build shops at the ground floor to rake in more profit (for sale not controlled/leased/managed by sime) instead.

The land was bought by Sime at a very very low price many years ago and they are charging a premium at the same time, they could enhance the residence experience and still make a hefty profit but by the looks of it, they are just maximizing their pocket while giving the bare minimum to the buyers and surprisingly there are people still investing on this project. Don't get me wrong, even other premium projects that cashes in on locality like pavilion bukit jalil and some other projects from bangsar south/damansara, would still try to balance between profit and providing a lasting experience to their buyers.

Perhaps they are giving back to the residences via other methods like better quality/high class materials for the common area facilities and grand entrance OR they are actually making a shaded walkway/pathway for the residences convenience to the LRT/a future bridge that links to a future mall in front of the LRT (I highly doubt these would happen since they did not mention anything during the selling stage, not likely that they would spend money on something after the project is sold off or handed over) OR they are furnishing the common area with quality pool table in the game room, books in reading area etc. (Basically fully furnished facilities for the residences).

Otherwise, this project just felt like Sime is squeezing every cent they can get while leaving the bare minimal. Then again, there are people still buying so....



BEANCOUNTER
post Aug 15 2018, 11:38 PM

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When you can sell at premium price with min value added, why bother?


holypredator
post Aug 16 2018, 12:16 AM

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QUOTE(BEANCOUNTER @ Aug 15 2018, 11:38 PM)
When you can sell at premium price with min value added, why bother?
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That's what surprises me the most when people still invest in it. Cost a bomb but getting little value out of it. Maybe I'm wrong though but that is what I felt from the info I'm getting.

It cost just as much as the park 2 PSF but seems to offer so much less.

Also, Malton did not need to build the bridge to the park. Without it the project is already selling like hot cakes but I believe that is just the icing on the cake. Same goes to all the project within walking distance to transit like Panorama, south link etc. but they still throw in a whole bunch of facilities and giving other added value stuff (well I can't really say much about Panorama KJ "walkway linking to the LRT" thing cause they did not advertise and was only known via the buyers "claim" when they visited the gallery)

Sime is definitely banking in a huge profit out of Lot 15 with such high take up rate, charging such high premium, costing so little on land purchase while giving so little value.

Again, I might be wrong though... there are things that I might not know...

This post has been edited by holypredator: Aug 16 2018, 12:17 AM
BEANCOUNTER
post Aug 16 2018, 09:36 AM

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QUOTE(holypredator @ Aug 16 2018, 12:16 AM)
That's what surprises me the most when people still invest in it. Cost a bomb but getting little value out of it. Maybe I'm wrong though but that is what I felt from the info I'm getting.

It cost just as much as the park 2 PSF but seems to offer so much less.

Also, Malton did not need to build the bridge to the park. Without it the project is already selling like hot cakes but I believe that is just the icing on the cake. Same goes to all the project within walking distance to transit like Panorama, south link etc. but they still throw in a whole bunch of facilities and giving other added value stuff (well I can't really say much about Panorama KJ "walkway linking to the LRT" thing cause they did not advertise and was only known via the buyers "claim" when they visited the gallery)

Sime is definitely banking in a huge profit out of Lot 15 with such high take up rate, charging such high premium, costing so little on land purchase while giving so little value.

Again, I might be wrong though... there are things that I might not know...
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sime property doesn't own the land lah…..maybe different sister company. in any event, we should take the market value of the land, not historical value.

the connection to LRT will be completed when the entire SJBC completed kua.

actually the location of LOT15 is pretty good. BUT what I don't like is closeness to the huge TNB station. This one I really cant accept.
holypredator
post Aug 18 2018, 07:31 PM

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QUOTE(BEANCOUNTER @ Aug 16 2018, 09:36 AM)
sime property doesn't own the land lah…..maybe different sister company. in any event, we should take the market value of the land, not historical value.

the connection to LRT will be completed when the entire SJBC completed kua.

actually the location of LOT15 is pretty good. BUT what I don't like is closeness to the huge TNB station. This one I really cant accept.
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I don't think the TNB station is a big issue. I believe some people might be put off by the TNB station but the TNB station isn't really that close.

I've passed by the site and the edge of Lot 15 at worst would face the office building/genset. The transmission line faces the right corner of Messiniaga, which is definitely out of sight. The HTC is way further..

In addition, the project seems to be built tilted to the left hence at worse, the corner right unit of tower A (which I believe is the 1k Sqf units) would at worse face the window part of the TNB. The far right units of Tower A won't even face TNB at all.

If the sight of TNB is your worries, then I believe it is not an issue. If it is electromagnet or whatever "health" rumour related reasons, there are many projects located near HTC like the high end semi-D behind UOA business park and many expensive villas usually have a mini substation next to it etc... so far there are no reported health issue despite them living close to HTC and TNB substation so..

This post has been edited by holypredator: Aug 18 2018, 07:33 PM
BEANCOUNTER
post Aug 18 2018, 07:46 PM

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QUOTE(holypredator @ Aug 18 2018, 07:31 PM)
I don't think the TNB station is a big issue. I believe some people might be put off by the TNB station but the TNB station isn't really that close.

I've passed by the site and the edge of Lot 15 at worst would face the office building/genset. The transmission line faces the right corner of Messiniaga, which is definitely out of sight. The HTC is way further..

In addition, the project seems to be built tilted to the left hence at worse, the corner right unit of tower A (which I believe is the 1k Sqf units) would at worse face the window part of the TNB. The far right units of Tower A won't even face TNB at all.

If the sight of TNB is your worries, then I believe it is not an issue. If it is electromagnet or whatever "health" rumour related reasons, there are many projects located near HTC like the high end semi-D behind UOA business park and many expensive villas usually have a mini substation next to it etc... so far there are no reported health issue despite them living close to HTC and TNB substation so..
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If your popety is cheap enuf compare to the rest ppl wont see the negativity of such elements.


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