Welcome Guest ( Log In | Register )

Outline · [ Standard ] · Linear+

Investment ARTE@MONT KIARA [OWNERS' THREAD], Something Cool is Coming to MK

views
     
restful increase
post Jul 9 2015, 09:47 PM

Regular
******
Senior Member
1,428 posts

Joined: Sep 2013


QUOTE(y2_principle @ Jul 9 2015, 07:39 PM)
How was it? Too extravagant or was it ok? They have all unit sizes?
*
seems not many r bothered with d nearby high tension cable wire and leasehold status and also the probability that mrt 3 may not take place and the super high density of 1610 units for this project?
restful increase
post Jul 9 2015, 11:50 PM

Regular
******
Senior Member
1,428 posts

Joined: Sep 2013


QUOTE(ryan@chua @ Jul 9 2015, 10:48 PM)
The main concern should be high density and residential quality, most of the units are not under HDA also except tower2 duplex units.
Noticed that not many really " affordable "buyers in this project and mostly are newbies, youngsters, agency agents who plan to flip or dreaming on good rental yields.

Many agents who got their units earlier in much cheaper prices than buyers outside...Lol. Let's see how are they going to compete with each other after vp ed.  Who will be the loser in rental and subsale market.  Obviously. ..lol

Want suicide also choose a better place lar. Lol
*
The seling point of this project is that its located within kl metropolis and nearby the biggest convention centre in asean. its approx 3x the size of kl convention centre. its also closeby to the 101 storey retail cum office metropolis tower. As a bonus it will be within 300 metres away fr the mrt 3 station. It was on this rationale that the freehold icon residence fr mah sing situated across the road fr kl metropolis commanded a sale price of rm1,200 per sq ft.
restful increase
post Jul 10 2015, 12:01 PM

Regular
******
Senior Member
1,428 posts

Joined: Sep 2013


QUOTE(Asali @ Jul 10 2015, 07:24 AM)
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....smile.gif
*
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.
restful increase
post Jul 11 2015, 01:35 AM

Regular
******
Senior Member
1,428 posts

Joined: Sep 2013


QUOTE(JackIII @ Jul 11 2015, 01:05 AM)
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.
restful increase
post Jul 11 2015, 12:21 PM

Regular
******
Senior Member
1,428 posts

Joined: Sep 2013


QUOTE(JackIII @ Jul 11 2015, 10:13 AM)
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  blink.gif .. 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  biggrin.gif

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

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...
*
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?
restful increase
post Jul 11 2015, 12:47 PM

Regular
******
Senior Member
1,428 posts

Joined: Sep 2013


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.
restful increase
post Jul 11 2015, 02:25 PM

Regular
******
Senior Member
1,428 posts

Joined: Sep 2013


QUOTE(johnsehnny @ Jul 11 2015, 02:05 PM)
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 ?
*
yes yrs is d current pricing. we need Jack111 to give some insight in his rm910 per sq ft pricing.
restful increase
post Jul 12 2015, 11:31 AM

Regular
******
Senior Member
1,428 posts

Joined: Sep 2013


QUOTE(newbieinlowyat @ Jul 12 2015, 09:30 AM)
Developer smile.gif I'm agent too that's why smile.gif But am here to sharing instead of selling thus don't 'shoot' me xDDD just kidding
*
Did u invest in a unit to flip?
restful increase
post Jul 12 2015, 06:16 PM

Regular
******
Senior Member
1,428 posts

Joined: Sep 2013


QUOTE(propertybbb @ Jul 12 2015, 12:51 PM)
They kept all small unit 442sf? Why first day all left 48xsf. Emmm..
*
dey know flippers sure sapu several units of 442 sq ft wan..
restful increase
post Jul 12 2015, 06:30 PM

Regular
******
Senior Member
1,428 posts

Joined: Sep 2013


i checked out their showroom recently. it is definitely a flipper's galore. chatted with the people viewing the showroom. all of them said they are looking to flip their unit onced completed. Several of them said no way they gonna stay in a 442 sq ft apartment for themselves. Most hope to flip or rent to foreigners who come to matrade and those who attend exhibitions at the exhibition centre.
restful increase
post Jul 12 2015, 10:43 PM

Regular
******
Senior Member
1,428 posts

Joined: Sep 2013


QUOTE(airline @ Jul 12 2015, 08:53 PM)
Solaris where?
*
Solaris mt kiara. Ground floor. behind Bene cafe. Block K.
restful increase
post Jul 13 2015, 10:07 AM

Regular
******
Senior Member
1,428 posts

Joined: Sep 2013


QUOTE(restful increase @ Jul 12 2015, 10:43 PM)
Solaris mt kiara. Ground floor. behind Bene cafe. Block K.
*
u go thr directly. Thr will b many independent agents willing to help u. Get their name cards for future contact.
restful increase
post Jul 13 2015, 09:43 PM

Regular
******
Senior Member
1,428 posts

Joined: Sep 2013


2017 we wil see a big influx of pigeon hole service residence flooding d mrk. i think doz that r directly linked to the mrt/lrt still easier to rent or flip. If not thr is an abundance of supply as developers continue to pack more n more units into the development making it higher dense to churn more profits. 1 example of superdense project is arte 1,610 units on juz a 3.3 acre land!
restful increase
post Jul 14 2015, 11:19 AM

Regular
******
Senior Member
1,428 posts

Joined: Sep 2013


QUOTE(JackIII @ Jul 14 2015, 05:44 AM)
Restful increase kor...  Are u saying tat tis project is risky to "invest" due to no MRT and superdense ? It would be best if u can explain more ...thanks  tongue.gif
*
From my observation we are mostly flippers and investors for this pigeon hole project. i hv been to the showroom several times and spoken to the people viewing the show unit. Some whack 2 biji with the intention 2 flip. All of us are looking at the comvention centre as our offtaker. Either sell or rent to people who visit or work at the convention centre. At this moment thr r no other new office blocks or mall under construction. The kl metropolis 101 tower has not even been approved yet & the mrt line 3 (if politically and money wise stable) will come at best 2024. So we will face a lot of internal competition during our flipping and rental process as the offtakers are quite limited. If the mrt line 3 was completed in 2019 same time as the project vp, then i will hv less concerns as the ease of transportation will fuel better demand fr tenants and potential buyers elsewhr. The upside of this project is the lower entry price of below rm450k. So for those of us who have holding power, we need to hold it to a longer term to see the capital appreciation.
restful increase
post Jul 14 2015, 12:41 PM

Regular
******
Senior Member
1,428 posts

Joined: Sep 2013


QUOTE(sendomike @ Jul 14 2015, 11:46 AM)
well said smile.gif

due to curiosity, i have asked a couple of my agent friends if many people looks for exhibition centre as a factor when looking for condominium rentals, they said none.

but KL Metropolis does have other stuff apart from the exhibition center, such as office, retail and residential, so the potential may still be there.

http://klmetropolis.com.my/cms/index.php?o...opment&Itemid=6
*
yes kl metropolis is suppose to be a mega project. But our arte is the 1st 1 in the project while all the other commercial, retail malls and office blocks hv yet to be approved. Other investors will opt to invest in already confirmed hapoening area like sites along mrt 1 n lrt extension which is already 100% confirmed happening and corporate office towers being constructed beside. In Arte's case we r investing into a future dream. Holding power is a must..
restful increase
post Jul 14 2015, 11:04 PM

Regular
******
Senior Member
1,428 posts

Joined: Sep 2013


QUOTE(suki_0224 @ Jul 14 2015, 09:19 PM)
Just for the those who not satisfied now,

I can directly deal and negotiate with all bulk purchase,
maybe duplex suite can get the extra discounts from one of the bulk purchase group(Gxxx,Mxxx,Txxx,Pxxx,Axxx,Cxxx,and more bulk purchase group)
*
for bulk purchase, how much additional rebate can we get under bulk purchase? at least additional 3% ?
restful increase
post Jul 17 2015, 04:40 PM

Regular
******
Senior Member
1,428 posts

Joined: Sep 2013


QUOTE(Babizz @ Jul 17 2015, 08:07 AM)
Bro, NO bank wana finance n@zas convention centre n other component here due to NO public transport means convention centre will struggle.. i mean u expect everyone to drive thr kah? u lose a huge market of conventions tht target mass market..
*
Convention centre suppose to complete end of 2016. MRT line 3 will most probably be operational by 2024. So yes thr is an mrt line 3 to service the convention centre users but thr will be a timing gap of 8 yrs.
restful increase
post Jul 20 2015, 01:14 AM

Regular
******
Senior Member
1,428 posts

Joined: Sep 2013


QUOTE(DisneyHome @ Jul 19 2015, 02:38 PM)
Never mind lorrr. ..

Time always telling you the right & true. ..

I think you are newbie in the property market. ..take this time to  learn  & understand. ...
*
me also newbie. dats why i read all d books written by faizul ridzuan, renesial leong, milan doshi, azizi ali, ahyat ishak, dr peter yee, adrian un, dexter lim & mr kam..
restful increase
post Jul 22 2015, 10:49 AM

Regular
******
Senior Member
1,428 posts

Joined: Sep 2013


QUOTE(sendomike @ Jul 20 2015, 09:17 AM)
somehow, i kinda doubt that the mrt line 3 will be operation by 2024, just as mrt line 1 is supposed to be operational by 2014.
*
So the longer they delay mrt line 3, the timing gap between the convention centre and the mrt operations will further lengthen to more than 10 years. And it is not good for the overall project at kl metropolis..
restful increase
post Jul 22 2015, 11:36 PM

Regular
******
Senior Member
1,428 posts

Joined: Sep 2013


QUOTE(empire626 @ Jul 22 2015, 04:25 PM)
1 high floor unit(442sqft) at Tower 1 ,and one unit(442sqft) Tower 3 Klcc view available,PM me if u're interested
*
any investor want to buy better grab the 442 sq ft in tower 1. its the cheapest price compared to tower 2 and tower 3.

2 Pages  1 2 >Top
 

Change to:
| Lo-Fi Version
0.1658sec    0.50    7 queries    GZIP Disabled
Time is now: 21st December 2025 - 06:45 PM