Anyone loan application approved already?

This post has been edited by R o Y: Jul 10 2015, 11:10 AM

the hundred ++ strorey skyscrapper buidling confirmed to go ? I thought is yet to be confirm now...

Attractive and very comfortable there. Only have duplex show room. Kl metropolis is opposite the show room. A lot of buyers come with their agent. No sales girl/boy is selling the unit for you. Therefore i can have more time to choose the unit i prefer to book.

As an investor. Although we are newbie but we have did our homework. The high tension cable only 3~ 4 sty. The living unit is above 6 sty.

For leasehold status kota damansara is a good example. Some more the damansara sentral by mah sing alrady sale in 600k qnd above. How to buy for invest for that higher price ?

1610 units is too much, but that is small unit, only can fit 1 ~ 3 person. Total whole 3 building only can be fit 3k to 4 k ppls. But the matrade and exhibition hall can fit in more than that. I havent included the exist office at publika and other new office building in kl metropolis.

If the mrt is confirm in kl metropolis, then that will be our extra bonus in our investment.

Above is my opinion, that's why i choose arte.

I think damansara central would be too far from arte mk.
Maybe try to compare surrounding condos within 2 to 3km on psf selling or rental price!
Is 1610 units are the higher density condo or service apartment in MK?
Let says mrt line 3 is surely there, how long does it take the mrt line 3 to be served rakyat? e.g.10 yrs or 15 yrs
Is the selling price is inflated price ??
More questions in my minds....


This post has been edited by Asali: Jul 10 2015, 08:02 AM

actually mrt 3 is already in the talks. heard its an internal line for kl. mrt line 1 will be completed and operational in july 2017. mrt 2 will be completed and operational in 2022. mrt line 3 is expected to be completed and operational by 2027.

Hi, We are panel bank for this project, if anyone need help with your loan application, please feel free to contact me 010-7732628

expected but based on government's track record, most likely will delay...
anyway, still got 12 long years... i will be an old man that time

Within that 12 yrs, many taikors here can use the same amount to accumulate more and more properties instead of invest in only one which need holding power of 12yrs to see its value.

Somemore high rise resi not for long term. ..always hits maximum value within 5yrs after vped and start depreciate. ......

If the small unit purchase at around 500k before 10% rebate now, once it's vped which 4 laters later, says we sell it by year 2020, can the subsale price goes to 600k~650k ?

now after rebate yr nett price is circa rm960 psf assuming 484 sq ft. if u sell for rm650k it will translate to rm1,342 which is klcc pricing today. A lot will depend on d success of the convention centre and whether the 101 storey metropolis tower will come to fruition. but to me key is whether mrt line 3 will take off. if without the mrt line 3, the infrastructure is deemed incomplete.

wow Thanks your effort

To every experts, then where is suitable for investment. Around 400 k to 500 k ? Because malaysia ringgit value is drop very serious recently.

This post has been edited by Miki Lee: Jul 11 2015, 10:06 AM

Casa green bk jalil... but I think you missed it. So wait for the next opportunity.

The Matrade convention center is 4 times bigger than the KLCC one and it is the only one which can do Military expo so far (We heard... dunno how true is that), so if the MRT line 3 is not going to take off.... it's consider suicide for themselves.

Most ppl think by buying a small unit 494sf with 500k b4 10% rebates, they will only need to put 25k to grab a unit... if they can get 85% loan. Price is 910psf after rebate... while nearby subsale is 1000psf to 1400psf (The Signature Hartamas, Plaza Damas 3, Solaris Dutamas Publika, I-Zen@Kiara 1, Verve Suites) , dunno if we are comparing apple to apple or not .. and the coming up next 3~4 residential within this Metropolis will base on Arte MK pricing as a benchmark.. the later they launch the new projects the more expensive they will sell (is normal)

So once it's vped by second half 2019 and 6months for them to provide the partly furnishing.... most of the unit can be obtained only at early 2020 ...
Says 5yrs later at year 2020 if sell at 1300psf for 494sf unit would be 642k, which is the price of KLCC now, without RPGT (if signing SnP by Aug2015 and sell after Aug 2020), lets do the maths here ....minus the agent fee 13k and legal fee 5k... 642k - 450k (after rebate) - 13k - 5k = 174k Nett Gain.

174k/25k downpayment is almost 700% in return for one small unit over 5 yrs.... I can see tat now why soooo many ppl even newbies, property agent and bankers themselves also tents to grab one or more units from tis projects, and I can see why the greedy developer claimed that they are yet selling too cheap and tents to increase the price by 8~10% during soft launching after this bulk purchase .....

I will foresee most of the units like 1000 over total of 1600 units will be selling just right after vped.... for home stay 494sf seems bit small, for those so called investor they sure goreng goreng gao gao bcos of low cost entry 25k per unit....like Chinese said small knife cut big tree

I see this project is mainly built for "investor" goreng one ....

Question is after factored all in ....can the small units sold at 1300psf by year 2020 with 640k (bigger unit duplex will sell cheaper psf) ??

Like those taikor said... really need to do homework first...and buy only when feel comfortable...

This post has been edited by JackIII: Jul 11 2015, 10:17 AM

Brother. That's like 45% net paper gain?? I don't think so at this current market sentiment. But time will tell.

Very good throughout analysis and calculation hehe

This post has been edited by mthc: Jul 11 2015, 10:25 AM

Agree with you. Futhermore i think if no mrt3 yet more ppls will prefer to stay near to exhibition hall and matrade. Car parking also will fully occupied. Because here is malaysia.

my friend told me he was offered to buy a 484 sq ft for a nett price of rm464,400 yest. This translates to RM959.50 psf. How did u get RM910 psf. Is the RM910psf price the initial launch price?

Jackill kor, in yr cost computation u also need to take into acct an additional interest cost of rm26k as this is not a dibs scheme.

You are right, I bought Tower 2 for 484 sq ft suite at 516k before discount . After discount was Rm 464'400 . Not sure this price was jet up . Where shall i check ? can some one helps ?