Edusphere sold out - The Star

sold out within hours

This post has been edited by pinkghost: Dec 18 2017, 08:24 AM

Any agent to pm on the unis available?

May I know which type and level you are looking for?

wow...walking distance to new CUCMS campus and also MMU...

This mean good news to The Arc, Mutiaraville and also Cyberia...
those students looking for cheaper accommodation, can rent a room in Cyberia..

Cyberia now 3 beds fully furnished can get 1500 or below...

indeed yes and no. Depends what the student want. I mean in terms of environment and surrounding and the crowd

Oversupply is fake news.

saw they still have a booth selling at mid valley property fair last weekend

Must be loan rejected, bumi release, agents, directors units.

sub sales at iproperty is selling at 290K for smallest unit.. hmmm GRR% seems like a pretty good deal?

There has 3 towers, 2 earlier launch towers had sold out, now is selling the remaining later launch tower...

This post has been edited by wkkor: Jan 23 2018, 10:55 AM

Edusphere's first two parcels consists of three blocks of condo and CUCMS, plus a future block for office (to be enbloc sale / Phase 7).

CUCMS is a medical and healthcare college that will be using this new campus (not relocation) to accommodate their expansion plans. Not surprised if they can be upgraded to university status in coming years given their courses increment. Presumably students of medical and healthcare fields should have a certain level of discipline.

The developer has built the large campus on the developer's land and then leased out to CUCMS on long term basis. CUCMS will have no hostel for students within. The campus will be targeted for opening in April 2018, at least three years ahead of the completion of the condos. As part of this "smart" partnership, many people believed that CUCMS will provide adequate number of students for accommodation in the developer's 24 months ready tenant units.

Covington Suites: 176 units, all units contracted with property manager
Foster Suites: 176 units, all units contracted with property manager
Northwood Suites: 448 units, only units at Level 8 to 17 contracted with property manager

Sizes are: 450 SF and 790 SF Dual-Key.

So the sizes are much smaller, pricing quantum is lower/affordable, hence presumably risk of coverage from instalment is lower. The sizes are also most suitable for student accommodation, notwithstanding the furnitures being offered.

It is also noted that the number of units contracted with property manager is also not as much as earlier thought. This will be less competition for such student accommodation and its presumably lesser burden on the developer side to provide the required returns.

Food for thoughts.

Manage to get loan reject unit at covington level 7..cheapest is the best for investment i think

Wah Hairi... u seems booking many place? See u booking in a few group. So gung ho?

Not gung ho la..i target 2 unit under con within certain budget that complete by 2022..so end up with edusphere and 3rdnvenue only..others in my list include majestic maxim and horizon suite but i have to choose my best 2 only..market will be in the upturn i think after 2020 then hold a few years and sell..thats the plan..its maybe not the best to everyone but the best for me for certain condition that im eligible for loan..

This post has been edited by hairi82: Mar 9 2018, 04:26 PM

Haha 👍🏻👍🏻👍🏻

Can anyone help me understand why people still buying in cbj for investment purpose?

i cant answer for the whole cyber project..its too general..but for this project u can read info by accetra..

how is the project going on?

so far so good