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