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Investment PANORAMA RESIDENCES @ KELANA JAYA, Ultimate Prestige Living in Kelana Jaya

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BEANCOUNTER
post Nov 9 2018, 10:24 AM

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i thought this Panorama is 7++psf, and I would assume even local Malaysians will find it hardly affordable to buy and stay but to suggest locals will buy and rent out to bangla is a bit funny rite?

maybe I am missing something.
twom
post Nov 9 2018, 10:46 AM

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QUOTE(BEANCOUNTER @ Nov 9 2018, 10:24 AM)
i thought this Panorama is 7++psf, and I would assume even local Malaysians will find it hardly affordable to buy and stay but to suggest locals will buy and rent out to bangla is a bit funny rite?

maybe I am missing something.
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Yes it is rm7++ psf. Ask about panorama residence to all the real estate agents. Sales is so good that they no longer selling it. Good or bad or middle to low end. To me the target is mid to high end. Design wise it is not like generic service apartment. Layout is consideres good. Yes they do taking advantage of the golf course view. It is a nice view. It is a breathtaking view. Plus point, 4 lifts to cater to only 8 units per floor to me it considered very good. 3 lift for occupants + 1 dedicated service lift i think the project is heavier towards high end. Like rich person doesnt have to act rich or called themselves rich to be considered rich by others. Same.like this property. Does not need to be considered high end or called this project high end. All the negative comments surely wouldnt hampered the sales. If not, the incredible numbers of take up is misleading. This is LLC first high rise project. Surely they want to prove themselves. I went to the site yesterday they have increased numbers of machineries at the site probably to speed the things up.
kimzee
post Nov 9 2018, 01:48 PM

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QUOTE(holypredator @ Nov 8 2018, 08:49 PM)
My point was the project is low-mid end did you read my post wrongly? Where did I mention it is on a high end range, in fact I am trying to argue that it is not.

Foreign ppl it is subjective and that is what I presume cause it is a short distance to LRT and that area seems to cater for a lot of bangla etc. with lots of shops around and low end commercial around that area. I also foresee many blacks or those foreign student would rent that place seeing that it is near the LRT and the project is affordable.

Case in point - See casa tiara, a similar level (price wise at least)... it is fill with foreigners from bangla to blacks to Cambodians (those security guards) because of LRT convenience and easy travel to shops and low end commercial area (where they work).

Why would I want to compare highway? I see what I see and the kelana road is one of the most jam pack roads around klang valley. Ara damansara people literally get stuck trying to get to federal highway because of the massive jam there.
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my bad ........I misread your post. You never mentioned that it was high end project.

Furthermore we can just debate based on our personal observation on a particular project and no need to get personal from the point of view of buyer or non-buyer because as in the end. siapa makan chili dia yang rasa pedas.

BTW the other poster was right that the demograpics at shang villa not that many foreign ppl but will this change after panorama? time will tell. cheers.

kimzee
post Nov 9 2018, 02:25 PM

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QUOTE(holypredator @ Nov 8 2018, 08:49 PM)


Case in point - See casa tiara, a similar level (price wise at least)... it is fill with foreigners from bangla to blacks to Cambodians (those security guards) because of LRT convenience and easy travel to shops and low end commercial area (where they work).

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I just checked out this prop you mentioned. I believe your comparison is faulty. You are not comparing apple to apple. The place where casa tiara is located has tons of low price and old apartments for rent and it is a frequent landing point for foreign workers due to the location host many food, industry and other business establishments. The commercial area surrounding it (within 1-3km is no problem for em foreigners) is walking distance and just too vibrant thus as mentioned earlier these are magnets for them. nothing to do with the BRT or LRT at all IMO.
pilotHans
post Nov 9 2018, 04:35 PM

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need to find some time to just drop by show unit to appriciate and view further. Besides current LRT Glenmarie station,
LRT3 @Stadium MBPJ would also be nearby right hmm.gif

QUOTE(newbiefinder @ Oct 28 2018, 09:48 PM)
Title PT5197, HS(D) 315718, Section 40, Bdr Petaling Jaya
Syarat syarat nyata : Bangunan Perniagaan.
It is freehold with a restriction/consent imposed at the title.

Is this clear ur earth?
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commercial title but no visible commercial lots rclxub.gif i must be missing something here.or the land has been zoned as commercial land since before. owh yeah , that cafe before.hmm

QUOTE(BEANCOUNTER @ Oct 29 2018, 04:05 PM)
FREEHOLD but process macam leasehold and all the complications and delay come with it.

HDA has nothing to do with land title. as long as the building is for residential purposes, it will be covered under HDA. to be sure, ask developer what schedule is the SPA be.
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sweat.gif

holypredator
post Nov 9 2018, 07:43 PM

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QUOTE(kimzee @ Nov 9 2018, 02:25 PM)
I just checked out this prop you mentioned. I believe your comparison is faulty. You are not comparing apple to apple. The place where casa tiara is located has tons of low price and old apartments for rent and it is a frequent landing point for foreign workers due to the location host many food, industry and other business establishments.  The commercial area surrounding it (within 1-3km is no problem for em foreigners) is walking distance and just too vibrant thus as mentioned earlier these are magnets for them. nothing to do with the BRT or LRT at all IMO.
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It is just my prediction, could be wrong but we shall see...
holypredator
post Nov 9 2018, 07:57 PM

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QUOTE(twom @ Nov 9 2018, 10:46 AM)
Yes it is rm7++ psf. Ask about panorama residence to all the real estate agents. Sales is so good that they no longer selling it. Good or bad or middle to low end. To me the target is mid to high end. Design wise it is not like generic service apartment. Layout is consideres good. Yes they do taking advantage of the golf course view. It is a nice view. It is a breathtaking view. Plus point, 4 lifts to cater to only 8 units per floor to me it considered very good. 3 lift for occupants + 1 dedicated service lift i think the project is heavier towards high end. Like rich person doesnt have to act rich or called themselves rich to be considered rich by others. Same.like this property. Does not need to be considered high end or called this project high end. All the negative comments surely wouldnt hampered the sales. If not, the incredible numbers of take up is misleading. This is LLC first high rise project. Surely they want to prove themselves. I went to the site yesterday they have increased numbers of machineries at the site probably to speed the things up.
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Hmm where have I heard such marketing strategy... oh yea... EVERY SINGLE project out there especially the ones involve property agents.

Each to their own, layout, view and everything is subjective and if you like it then it is a project for you.

But in terms of viewing the project in general, it is not high end in terms of pricing wise and also the materials/finishing used. If developers themselves are not claiming that the property is a luxury or premium residence, I don't think arguing that it is makes any sense. At best I would say it is "affordable luxury" low to mid end type of service apartment (bear in mind I say serviced apartment so low end does not mean flat or apartment level)

One thing that I want to point out or maybe you should know is that the Developer is actually Millenium Creation Sdn Bhd and not LLC themselves, they are a subsidiary of LLC. I'm not implying anything but there are past cases where public listed companies that don't have confidence with their project normally seed it out to a private limited subsidiary, which is a way to minimize any unwanted impact to the holding company. You can never see big names like Sime Darby, SP Setia, Gamuda etc. do this because they are confident and experienced in their work.

This post has been edited by holypredator: Nov 9 2018, 08:00 PM
LowProfile8788
post Nov 9 2018, 11:01 PM

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Hmm.. I don’t understand. Glenmarie lrt is already fully operational. I don’t see an influx of foreigners?

And why would foreigners( assuming we r talking about those working minimum wages) opt for pano when Shang Villa which is much cheaper is literally just next door?

Kinda feels like lots of peeps are going out of their way to put pano down. *shrugs
lester_wk
post Nov 10 2018, 05:36 PM

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QUOTE(holypredator @ Nov 9 2018, 07:57 PM)
Hmm where have I heard such marketing strategy... oh yea... EVERY SINGLE project out there especially the ones involve property agents.

Each to their own, layout, view and everything is subjective and if you like it then it is a project for you.

But in terms of viewing the project in general, it is not high end in terms of pricing wise and also the materials/finishing used. If developers themselves are not claiming that the property is a luxury or premium residence, I don't think arguing that it is makes any sense. At best I would say it is "affordable luxury" low to mid end type of service apartment (bear in mind I say serviced apartment so low end does not mean flat or apartment level)

One thing that I want to point out or maybe you should know is that the Developer is actually Millenium Creation Sdn Bhd and not LLC themselves, they are a subsidiary of LLC. I'm not implying anything but there are past cases where public listed companies that don't have confidence with their project normally seed it out to a private limited subsidiary, which is a way to minimize any unwanted impact to the holding company. You can never see big names like Sime Darby, SP Setia, Gamuda etc. do this because they are confident and experienced in their work.
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again, you are throwing out things without verifying .. having a subsidiary company under the main branch is a VERY VERY VERY COMMON PRACTICE among property developers and other fields alike .. if you look at many GLCs they even have listen companies under listed companies ......

why ? because i work under one of the so-called big names u mentioned

I guess people r smart enough to judge whats true n whats not
holypredator
post Nov 10 2018, 05:44 PM

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QUOTE(lester_wk @ Nov 10 2018, 05:36 PM)
again, you are throwing out things without verifying .. having a subsidiary company under the main branch is a VERY VERY VERY COMMON PRACTICE among property developers and other fields alike .. if you look at many GLCs they even have listen companies under listed companies ......

why ? because i work under one of the so-called big names u mentioned

I guess people r smart enough to judge whats true n whats not
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First of all, no it is NOT very very very common, please give tons of your example if it is sooooo common.

2nd, I said I am not even implying.. can you even understand english.... CAN YOU?? it just sounds like you are butthurt real bad... I am not throwing out things without verifying because I am not not even implying that this project and what I said comes together because it is a bold statement but just want to highlight that point thats all.


Time will tell if your purchase is worth it, even the best looking property will end up shit when time comes or the unexpectedly bad property will turn out great. so don't get your butt so hurt.

This post has been edited by holypredator: Nov 10 2018, 05:45 PM
lester_wk
post Nov 10 2018, 05:52 PM

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QUOTE(holypredator @ Nov 10 2018, 05:44 PM)
First of all, no it is NOT very very very common, please give tons of your example if it is sooooo common.

2nd, I said I am not even implying..  can you even understand english.... CAN YOU?? it just sounds like you are butthurt real bad... I am not throwing out things without verifying because I am not not even implying that this project and what I said comes together because it is a bold statement but just want to highlight that point thats all.
Time will tell if your purchase is worth it, even the best looking property will end up shit when time comes or the unexpectedly bad property will turn out great. so don't get your butt so hurt.
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one day .. when u r free instead of commenting here always .. take a drive, go look at any big developer's project signboard .. see whether the company name is the same ......

but since u r already the expert .. i dont hv to elaborate much ..

i guess to each their own

cheers n hv a good day smile.gif
holypredator
post Nov 10 2018, 05:57 PM

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QUOTE(lester_wk @ Nov 10 2018, 05:52 PM)
one day .. when u r free instead of commenting here always .. take a drive, go look at any big developer's project signboard .. see whether the company name is the same ......

but since u r already the expert .. i dont hv to elaborate much ..

i guess to each their own

cheers n hv a good day  smile.gif
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yea... so much for your argument... just get out..

empty vessel whistling.gif
holypredator
post Nov 10 2018, 06:00 PM

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QUOTE(LowProfile8788 @ Nov 9 2018, 11:01 PM)
Hmm.. I don’t understand.  Glenmarie lrt is already fully operational. I don’t see an influx of foreigners?

And why would foreigners( assuming we r talking about those working minimum wages) opt for pano when Shang Villa which is much cheaper is literally just next door?

Kinda feels like lots of peeps are going out of their way to put pano down. *shrugs
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I guess you don't take the LRT often.

With regards to shang villa, supply and demand bro. Not saying they will take pano instead of shang villa, it's just that since it is affordable, if there is demand.... there is possibility. See casa tiara (similar range)... there are a few cheaper options (e-tiara etc.) nearby why are there still so many black students and foreign worker?

As mentioned countless time, this is subjective so stop quoting like everyone here is trying to get on your nerves flex.gif
BEANCOUNTER
post Nov 11 2018, 01:01 AM

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QUOTE(lester_wk @ Nov 10 2018, 05:52 PM)
one day .. when u r free instead of commenting here always .. take a drive, go look at any big developer's project signboard .. see whether the company name is the same ......

but since u r already the expert .. i dont hv to elaborate much ..

i guess to each their own

cheers n hv a good day  smile.gif
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watlioa leh….you got the patience to debate with all the body parts language throwing at you.

the reason why developer will setup a separate company is because after the project is completely finished, they can proceed to close the company for good bcos essentially project development is a ONE OFF exercise.
kimzee
post Nov 11 2018, 06:03 AM

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QUOTE(BEANCOUNTER @ Nov 11 2018, 01:01 AM)
watlioa leh….you got the patience to debate with all the body parts language throwing at you.

the reason why developer will setup a separate company is because after the project is completely finished, they can proceed to close the company for good bcos essentially project development is a ONE OFF exercise.
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One more thing they don't use their own main company to do development is to protect themselves in the event there is problem with the project and they get sued. Looks like there are too many tin kosong hanginround here.
kimzee
post Nov 11 2018, 06:06 AM

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Yah define tin kosong = talk without substance
BEANCOUNTER
post Nov 11 2018, 08:56 AM

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QUOTE(kimzee @ Nov 11 2018, 06:03 AM)
One more thing they don't use their own main company to do development is to protect themselves in the event there is problem with the project and they get sued. Looks like there are too many tin kosong hanginround here.
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yes one of the reasons too but these days directors are held responsible too, therefore by setting up a seperate company can only protect the reputation of holding company so far. Eventually the main developers name will be mentioned in media, not only the company that handle the project.

eg. mahsing icon city. Nobody knows and care what is the actual developing company, but ultimately the parent company name is responsible.

and i dont think its the intention of holding company to hide behind the developing company bcos the parents company name is used throughout the marketing and promotion.

yjtan15
post Nov 11 2018, 01:54 PM

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The major risks with Panorama is the delivery of the facilities and concept.

Othe than that it is a very good place for own stay
zzstormriderzz
post Nov 11 2018, 05:51 PM

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QUOTE(yjtan15 @ Nov 11 2018, 02:54 PM)
The major risks with Panorama is the delivery of the facilities and concept.

Othe than that it is a very good place for own stay
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Not good for investment?
kimzee
post Nov 12 2018, 12:16 PM

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QUOTE(zzstormriderzz @ Nov 11 2018, 05:51 PM)
Not good for investment?
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It's all subjective to an individual person's risk taking/aversion abilities.

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