Cyperus Serviced Residences, Tropicana Garden Phase 4
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 Nov 9 2014, 02:59 PM
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Senior Member
740 posts Joined: Nov 2012 
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Everyday price ll reach another peak. Matter of affordability. Tropicana Garden sales just reflect the true the fact that the price is not reasonable anymore and not justify the future price. Good sign for other developers to consider when thinking its pricing.
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Nov 9 2014, 03:05 PM
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Senior Member
8,226 posts Joined: Jul 2014 From: Kuala Lumpur 
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QUOTE(CMW123 @ Nov 9 2014, 10:59 AM) The current rebate is 5%+3%+2% Diamond member can get 5+3+2+ extra 3%= 13% ??3% for signing spa within 30 days (unlike the old 14 days...lol) and 2% is so call early bird discount (unlike the normal one only valid for the launching weekend...lol again) Tropicana card member get additional discount  |
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Nov 9 2014, 03:07 PM
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Senior Member
8,226 posts Joined: Jul 2014 From: Kuala Lumpur
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QUOTE(mascot_lim @ Nov 9 2014, 12:12 PM) As of yesterday I think only 20% sold out......nowadays should be shout market SLOW SLOW SLOW...... 20% consider worst liao...... As predictable, 2 bedrooms sell well, but studio unit, all in blue color....lols....  |
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Nov 9 2014, 03:07 PM
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All Stars
12,529 posts Joined: Feb 2013
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QUOTE(CMW123 @ Nov 8 2014, 09:13 PM) Talking about specs, I noticed discrimination in different units Yeah I can only imagine the competition for studios after VP..good la more ownstayers.. hopefully they build a lot of 2 bedders for the final phase which would be a D somethingBedroom floor for studio is porcelain tiles while the 2 rooms unit is timber flooring n tiles. 3 rooms units only all timber flooring. Do they need to do this when the psf selling price is actually higher for studio vs the bigger units? At the current selling price, the buyers should be mostly own stayers so the reason for the faster sale for the 2 rooms units facing golf view. The pure investors who normally go for studio has dried up hence the slow sales for studio Per floor 12 units but 8 units or 67% are studios. Hence can say Tropicana misjudged the market demand They should come up with more 8xx sf ft 2 rooms or 1+1 room units and reduce the number of studio to meet the own stayer market....but alas, own stayer prefer to do their own Reno vs investor who prefer furnishing for easy rent out...again conflict in the marketing strategies...my 2 cents |
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Nov 9 2014, 03:16 PM
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Senior Member
3,774 posts Joined: Mar 2012
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QUOTE(PeriPeri2014 @ Nov 9 2014, 03:05 PM) Diamond member can get 5+3+2+ extra 3%= 13% ?? Yes |
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Nov 9 2014, 03:36 PM
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Junior Member
80 posts Joined: Sep 2012
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Similar price range and size in KLCC area.
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Nov 9 2014, 03:44 PM
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All Stars
12,529 posts Joined: Feb 2013
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But Loh acknowledged that the take-up rate for Cyperus may not be as robust as previous phases due to the softening property market. “There is generally a slowdown in the property market. But what will differentiate a developer is the product offering. BBW should be happy |
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Nov 9 2014, 03:45 PM
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All Stars
12,529 posts Joined: Feb 2013
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QUOTE(mascot_lim @ Nov 8 2014, 10:12 PM) As of yesterday I think only 20% sold out......nowadays should be shout market SLOW SLOW SLOW...... Yeah, but they said they sold 50 units out of the 400 last weekend? so until now only 80 units ah?As predictable, 2 bedrooms sell well, but studio unit, all in blue color....lols.... |
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Nov 10 2014, 07:18 PM
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Senior Member
8,226 posts Joined: Jul 2014 From: Kuala Lumpur
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QUOTE(Babizz @ Nov 9 2014, 03:45 PM) Yeah, but they said they sold 50 units out of the 400 last weekend? so until now only 80 units ah? Metropark oso same situation....very slow...  |
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Nov 10 2014, 10:13 PM
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Senior Member
2,250 posts Joined: Apr 2013
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QUOTE(PeriPeri2014 @ Nov 10 2014, 07:18 PM) Metropark oso same situation....very slow... The Paloma sales I thought quite okay compared to this one? |
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Nov 10 2014, 11:21 PM
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All Stars
12,529 posts Joined: Feb 2013
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QUOTE(PeriPeri2014 @ Nov 10 2014, 05:18 AM) Metropark oso same situation....very slow... How many pct sold? the latest launch.. not the older ones |
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Nov 10 2014, 11:38 PM
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Senior Member
1,359 posts Joined: Aug 2013
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QUOTE(PeriPeri2014 @ Nov 9 2014, 03:07 PM) 20% consider worst liao...... You looks so happy when this project sales slow huh. |
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Nov 10 2014, 11:42 PM
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Senior Member
1,359 posts Joined: Aug 2013
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QUOTE(Babizz @ Nov 9 2014, 03:45 PM) Yeah, but they said they sold 50 units out of the 400 last weekend? so until now only 80 units ah? 80 units consider quite good sales already lo. Assuming each unit price average at 800k mean it's rm64 millions sales. Still bad? |
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Nov 10 2014, 11:46 PM
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All Stars
12,529 posts Joined: Feb 2013
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QUOTE(Kicimiao66cc @ Nov 10 2014, 09:42 AM) 80 units consider quite good sales already lo. Assuming each unit price average at 800k mean it's rm64 millions sales. Still bad? ya quite bad.. what happened to associate/staff/contractor sales? usually will take up 30%. BTW, I think subsale Clearwater Residence is a better bet for people who don't wanna live in KLCC but not too far away.. |
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Nov 10 2014, 11:50 PM
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Senior Member
1,346 posts Joined: Jul 2009
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QUOTE(MrHunter @ Nov 9 2014, 02:59 PM) Everyday price ll reach another peak. Matter of affordability. Tropicana Garden sales just reflect the true the fact that the price is not reasonable anymore and not justify the future price. Good sign for other developers to consider when thinking its pricing. The Developer think they can push the price up and people will follow. Now the price is way ahead of the market and followers cannot catchup. Did not even realize that the present situation is different from the past. In the past, future pricing was strongly supported with DIBS and high LTV. |
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Nov 11 2014, 12:25 AM
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All Stars
12,529 posts Joined: Feb 2013
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QUOTE(webby88 @ Nov 10 2014, 09:50 AM) The Developer think they can push the price up and people will follow. Now the price is way ahead of the market and followers cannot catchup. Did not even realize that the present situation is different from the past. In the past, future pricing was strongly supported with DIBS and high LTV. yeah las time little deposit if any and no payment till VP.. nowadays mus factor in the interest all.. But the sales is unbelievably bad.. I think they are gona have to hold back the 4th tower.. moreover, 2nd tower owners are pissing bricks now |
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Nov 11 2014, 12:29 AM
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Senior Member
1,346 posts Joined: Jul 2009
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QUOTE(Babizz @ Nov 11 2014, 12:25 AM) yeah las time little deposit if any and no payment till VP.. nowadays mus factor in the interest all.. At least now we know the pricing threshold for an integrated development in KD by an established developer. Question is how much time it takes to breach this level.But the sales is unbelievably bad.. I think they are gona have to hold back the 4th tower.. moreover, 2nd tower owners are pissing bricks now |
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Nov 11 2014, 09:34 AM
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Junior Member
23 posts Joined: Aug 2013
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QUOTE(webby88 @ Nov 11 2014, 01:29 AM) At least now we know the pricing threshold for an integrated development in KD by an established developer. Question is how much time it takes to breach this level. Bring on the mainland Chinese investors. They will buy by the dozens and lift prices to a new high |
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Nov 11 2014, 10:03 AM
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Junior Member
242 posts Joined: Aug 2014
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second block buyer did not have any paper gain?
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Nov 11 2014, 10:57 AM
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Senior Member
3,774 posts Joined: Mar 2012
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QUOTE(winner takes all @ Nov 11 2014, 09:34 AM) Bring on the mainland Chinese investors. They will buy by the dozens and lift prices to a new high Selangor imposed new ruling effective 1 Sep 2014, foreigners only allow to purchase properties above RM2m |
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