Jul 20 2017, 03:54 PM
QUOTE(e-lite @ Jul 20 2017, 01:31 PM)
Reasons why I most probably won't purchase at the end of the day:-
RM284,000 / 560 sq ft = RM500 psf
RM500 psf x 3 years interest for Construction Period x 4.6% bank rate = RM569 psf (Cost of purchase when it is actually Ready to Move In)
Bad Points
○ Nearby graveyards; ○ No restaurants nearby walking distance.
○ Nearby to Bangsar LRT but doesn't look like safe to walk
○ Brickfields famous for gangsterism and robbery
○ Cannot sell/rent out in 5 years time. Means total have to wait about 8-9 years from signing (3-4 years construction period). Bad if you sign today & got laid off or change jobs to somewhere far. You stuck with the property and pay bank for 8 years.
○ 1208 units / 6.37 acre = 189.6 units per acre!! That's 36% more than Alam Damai's 138.7 unit per acre.
○ Are the primary & secondary schools nearby good?
○ So far PR1MA has delivered only low-medium apartments. Location & building quality is questionable so capital appreciation is low over 10 years time.
○ 6 levels of car park will make you pusing-pusing until dizzy
Good Points
○ Good location if you're driving to everywhere you go & working nearby. Bad if you're no car, no car park or working somewhere further
○ No swimming pool for Blok 1-3 means Less maintenance fee
○ I hope PR1MA does a good job & put more passion into it as this are people's home to be paid off in 30 years, not some job just to subsidize the lower income class
I'm one of the successful applicant.RM284,000 / 560 sq ft = RM500 psf
RM500 psf x 3 years interest for Construction Period x 4.6% bank rate = RM569 psf (Cost of purchase when it is actually Ready to Move In)
Bad Points
○ Nearby graveyards; ○ No restaurants nearby walking distance.
○ Nearby to Bangsar LRT but doesn't look like safe to walk
○ Brickfields famous for gangsterism and robbery
○ Cannot sell/rent out in 5 years time. Means total have to wait about 8-9 years from signing (3-4 years construction period). Bad if you sign today & got laid off or change jobs to somewhere far. You stuck with the property and pay bank for 8 years.
○ 1208 units / 6.37 acre = 189.6 units per acre!! That's 36% more than Alam Damai's 138.7 unit per acre.
○ Are the primary & secondary schools nearby good?
○ So far PR1MA has delivered only low-medium apartments. Location & building quality is questionable so capital appreciation is low over 10 years time.
○ 6 levels of car park will make you pusing-pusing until dizzy
Good Points
○ Good location if you're driving to everywhere you go & working nearby. Bad if you're no car, no car park or working somewhere further
○ No swimming pool for Blok 1-3 means Less maintenance fee
○ I hope PR1MA does a good job & put more passion into it as this are people's home to be paid off in 30 years, not some job just to subsidize the lower income class
May I know where did you get the RM284k? The official website did not put a price tag.
Also, I was under the impression that PR1MA's mandate is that the ceiling price should be RM400k. With a maximum size of 1,000 sq ft, that would translate to about RM400 psf. Did I missed out anything??
With regards to the bad points you pointed out, my biggest concern
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