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Investment META CITY @ PUCHONG SOUTH, Next to The Atmosphere Seri Kembangan

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x132755
post Jun 22 2019, 11:40 PM

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QUOTE(Loki6811 @ May 10 2019, 12:19 AM)
Very poor workmanship from this developer! Can’t even build a good condo, and now dreaming of building a mall! Leaking at so MANY MANY MANY units of their recent project!
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what you pay what you get
x132755
post Jun 22 2019, 11:48 PM

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QUOTE(se800i @ Jun 22 2019, 11:59 AM)
I heard this meta city by villamas will have MOU with Adrian wee the property professional.....
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Hope he can bring HOT the SK lah...
propertyowner
post Jun 22 2019, 11:56 PM

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QUOTE(x132755 @ Jun 22 2019, 11:40 PM)
what you pay what you get
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No leh. Looking at the project GDV they are making handsome profits wor.
propertyowner
post Jun 23 2019, 12:00 AM

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QUOTE(Loki6811 @ May 10 2019, 12:19 AM)
Very poor workmanship from this developer! Can’t even build a good condo, and now dreaming of building a mall! Leaking at so MANY MANY MANY units of their recent project!
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https://forum.lowyat.net/topic/2721936/+100

Refer post #119

Really that bad huh
AskarPerang
post Jun 23 2019, 12:25 PM

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heavensea
post Jun 23 2019, 04:48 PM

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QUOTE(AskarPerang @ Jun 23 2019, 12:25 PM)

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Malaysia legend guru.

heavensea
post Jun 23 2019, 04:50 PM

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No offence to any party, but as far as I know. This overall area isn't fetching good rental / occupancy rate is low, not to mention appreciation space.

Is this myth of misconception of this area?
DeniseLau
post Jun 23 2019, 11:19 PM

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But wouldn't it be that even if the overall rental at the area is low, the MRT being attached to this project by a bridge would mean that Meta City would be the 1st choice of any potential renters?

The other projects in the area doesn't have this main advantage, so if there was a person looking to rent in the area and commute to work or college either in Cyberjaya or KL by public transport, the walkability to the MRT would be the biggest factor - which makes Meta City the 1st choice

I may be naive in this, but I'm considering to buy a unit here because of this - any advice from the gurus here would be appreciated
warrenbuffett
post Jun 24 2019, 12:31 AM

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QUOTE(DeniseLau @ Jun 23 2019, 11:19 PM)
But wouldn't it be that even if the overall rental at the area is low, the MRT being attached to this project by a bridge would mean that Meta City would be the 1st choice of any potential renters?

The other projects in the area doesn't have this main advantage, so if there was a person looking to rent in the area and commute to work or college either in Cyberjaya or KL by public transport, the walkability to the MRT would be the biggest factor - which makes Meta City the 1st choice

I may be naive in this, but I'm considering to buy a unit here because of this - any advice from the gurus here would be appreciated
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Why u asking lowyat anonymous guru also don't wanna believe in Adrian Wee?
LTG
post Jun 24 2019, 12:35 AM

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public buyer sure GG coz aw investor club bulk purchase package sure lower than public package, when VP how to survive in price war.. think 3 time if u want buy this or join their platinum club
AskarPerang
post Jun 24 2019, 01:03 AM

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QUOTE(DeniseLau @ Jun 23 2019, 11:19 PM)
But wouldn't it be that even if the overall rental at the area is low, the MRT being attached to this project by a bridge would mean that Meta City would be the 1st choice of any potential renters?

The other projects in the area doesn't have this main advantage, so if there was a person looking to rent in the area and commute to work or college either in Cyberjaya or KL by public transport, the walkability to the MRT would be the biggest factor - which makes Meta City the 1st choice

I may be naive in this, but I'm considering to buy a unit here because of this - any advice from the gurus here would be appreciated
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Base on the above AW posted live video:
Why BBB meta city:
1. near UPM station. Hotspot to catch student market.
2. near Cyberjaya station. LKW. Hotspot to catch student market.
3. near Putrajaya station. Hotspot to catch stewardess.
4. 13 station to TRX (job opportunity). expensive to stay nearby TRX eg. cheras maluri (Sunway Velocity).
5. 15 station to KLCC. same point as #4.
All got fact. Guarantee got tenant market.
Use 18k to full furnish soho unit (300k). Price confirm can jump to 500k in future.
Sekian harap maklum.

p/s: Again, I emphasis. All information posted above is solely based on the live video posted above. I just summarize up.
potenza10
post Jun 24 2019, 08:35 AM

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Pasar borong workers has more choice now....lol
BEANCOUNTER
post Jun 24 2019, 09:01 AM

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QUOTE(DeniseLau @ Jun 23 2019, 11:19 PM)
But wouldn't it be that even if the overall rental at the area is low, the MRT being attached to this project by a bridge would mean that Meta City would be the 1st choice of any potential renters?

The other projects in the area doesn't have this main advantage, so if there was a person looking to rent in the area and commute to work or college either in Cyberjaya or KL by public transport, the walkability to the MRT would be the biggest factor - which makes Meta City the 1st choice

I may be naive in this, but I'm considering to buy a unit here because of this - any advice from the gurus here would be appreciated
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Meta is NOT the only place w link to mrt or lrt.
nck
post Jun 24 2019, 09:26 AM

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QUOTE(AskarPerang @ Jun 24 2019, 02:03 AM)
Base on the above AW posted live video:
Why BBB meta city:
1. near UPM station. Hotspot to catch student market.
2. near Cyberjaya station. LKW. Hotspot to catch student market.
3. near Putrajaya station. Hotspot to catch stewardess.
4. 13 station to TRX (job opportunity). expensive to stay nearby TRX eg. cheras maluri (Sunway Velocity).
5. 15 station to KLCC. same point as #4.
All got fact. Guarantee got tenant market.
Use 18k to full furnish soho unit (300k). Price confirm can jump to 500k in future.
Sekian harap maklum.

p/s: Again, I emphasis. All information posted above is solely based on the live video posted above. I just summarize up.
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Thx for your summary. smile.gif
Rm300k jump to Rm500k in future.... Talk is free and cheap.
DeniseLau
post Jun 24 2019, 01:42 PM

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QUOTE(warrenbuffett @ Jun 24 2019, 12:31 AM)
Why u asking lowyat anonymous guru also don't wanna believe in Adrian Wee?
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I don't think he's neutral.

QUOTE(AskarPerang @ Jun 24 2019, 01:03 AM)
Base on the above AW posted live video:
Why BBB meta city:
1. near UPM station. Hotspot to catch student market.
2. near Cyberjaya station. LKW. Hotspot to catch student market.
3. near Putrajaya station. Hotspot to catch stewardess.
4. 13 station to TRX (job opportunity). expensive to stay nearby TRX eg. cheras maluri (Sunway Velocity).
5. 15 station to KLCC. same point as #4.
All got fact. Guarantee got tenant market.
Use 18k to full furnish soho unit (300k). Price confirm can jump to 500k in future.
Sekian harap maklum.

p/s: Again, I emphasis. All information posted above is solely based on the live video posted above. I just summarize up.
*
The rental in the area for soho sized units is about RM1,200 for fully furnished units. I see that it can go as low as 800, 900 but if you place a premium on Meta City for the location, connectivity - I think RM1,200 for the SOHO unit is a fair price. Repayment on 90% loan + Maintenance + Sinking fund is RM1,352.18 assuming the interest rate is 4.5%. So rental income wise, the place isn't that attractive even if you get tenants - unless you really can make AirBnB successful here.

Capital apreciation, yes - it is possible but with so many unsold units around town (25% unsold in Selangor), who wants to pay half a million for a 1 bedroom SOHO in Seri Kembangan? The rule of thumb usually for property is 5% capital apreciation per year, but I wonder if it's really applicable in the current situation?
propertyowner
post Jun 24 2019, 11:58 PM

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It already not worth with 2k+ units whereby most buyers are investors at this leasehold location.

Easily end up with rm800-900 asking rentals and tenanted with "foreigners" that already active in this vicinity.
se800i
post Jun 25 2019, 03:26 PM

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AW said because his talk will be always base there as it is his first HOME for his students to attend his classes
so the convention centre will definitely bring the crowd... confirm got visitor and also got a management team to manage your unit if you do Air BnB
potenza10
post Jun 25 2019, 03:43 PM

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QUOTE(BEANCOUNTER @ Jun 24 2019, 09:01 AM)
Meta is NOT the only place w link to mrt or lrt.
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I understand that he is focusing at this area. For that criteria, yes it is.
cscheat
post Jun 25 2019, 03:54 PM

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Anybody signed SPA?
DaveST P
post Jun 25 2019, 05:27 PM

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Heard that type A and type B units all booked. Actual signed spa units not sure how many.

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