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Investment The Annex, @Connaught Place

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Chanzeryl
post May 20 2023, 04:25 PM

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Name wise make this project like an annexure to another main body blink.gif
Embrangle
post May 22 2023, 10:20 AM

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user posted image

rendered images of the development
AskarPerang
post Nov 14 2023, 04:00 AM

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Another lelong unit sold last week.
From 389K.
Unit size: 958sqft.

Attracted 5 bidders fight.
Sold at 420K.

Good catch?



Jagalat
post Nov 14 2023, 09:30 AM

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QUOTE(AskarPerang @ Nov 14 2023, 05:00 AM)
Another lelong unit sold last week.
From 389K.
Unit size: 958sqft.

Attracted 5 bidders fight.
Sold at 420K.

Good catch?

*
Got hidden debts/fees(maintenance etc) to pay by winners?
AskarPerang
post Apr 29 2024, 07:59 PM

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Is this the cheapest sold lelong unit here?

Lelong unit sold just now.
From 360K.
Size 958 sqft.

Sold at 395K.

Good catch?



Jagalat
post Apr 29 2024, 10:20 PM

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QUOTE(AskarPerang @ Apr 29 2024, 08:59 PM)
Is this the cheapest sold lelong unit here?

Lelong unit sold just now.
From 360K.
Size 958 sqft.

Sold at 395K.

Good catch?

*
RM412psf....
AskarPerang
post Jul 11 2024, 05:56 PM

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Never ending lelong from here.
3 units available now.

No. 26-3, The Annex @ Medan Connaught, Cheras
1,141 s/f, FREEHOLD, 3R3B2P, Non-Bumi
Reserved Price : 408K
Auction Date : End of Jul 2024

No. 26-3A, The Annex @ Medan Connaught, Cheras
1,141 s/f, FREEHOLD, 3R3B2P, Non-Bumi
Reserved Price : 450.5K
Auction Date : 13 Jul 2024

No. 18-3, The Annex @ Medan Connaught, Cheras
1,141 s/f, FREEHOLD, 3R3B2P, Non-Bumi
Reserved Price : 540K
Auction Date : End of Jul 2024



This post has been edited by AskarPerang: Jul 11 2024, 05:56 PM
Jagalat
post Jul 12 2024, 07:21 AM

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QUOTE(AskarPerang @ Jul 11 2024, 06:56 PM)
Never ending lelong from here.
3 units available now.

No. 26-3, The Annex @ Medan Connaught, Cheras
1,141 s/f, FREEHOLD, 3R3B2P, Non-Bumi
Reserved Price : 408K
Auction Date : End of Jul 2024

No. 26-3A, The Annex @ Medan Connaught, Cheras
1,141 s/f, FREEHOLD, 3R3B2P, Non-Bumi
Reserved Price : 450.5K
Auction Date : 13 Jul 2024

No. 18-3, The Annex @ Medan Connaught, Cheras
1,141 s/f, FREEHOLD, 3R3B2P, Non-Bumi
Reserved Price : 540K
Auction Date : End of Jul 2024
*
Curious why the 18-3 at lower floor with the same sqft and unit number has a higher reserved price than 26-3 and 26-3A...

Hmm..this 18-3 has higher price potential (to go south)

If the units belong to the same owner then it should be another multisub/loan compression case ..

This post has been edited by Jagalat: Jul 12 2024, 07:32 AM
Jagalat
post Jul 12 2024, 07:39 AM

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Ever since the launch of ConnaughtyOne which is nearer to MRT stn than this project) owners who did rental play realize there will be a tough competition to find tenants in the future.

So owners need to look for other strategy to do rental play.
jojolicia
post Jul 12 2024, 08:03 AM

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QUOTE(Jagalat @ Jul 12 2024, 07:39 AM)
Ever since the launch of ConnaughtyOne which is nearer to MRT stn than this project) owners who did rental play realize there will be a tough competition to find tenants in the future.

So owners need to look for other strategy to do rental play.
*
The strategy has never been and never will be a 0-cost wannabe play ie 0-2% dp, cashback, high loan, high mrta cost x 35yrs with 0 retainer cost math to begin with.

This post has been edited by jojolicia: Jul 12 2024, 02:10 PM
AskarPerang
post Jul 14 2024, 12:24 PM

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QUOTE(AskarPerang @ Jul 11 2024, 05:56 PM)


No. 26-3A, The Annex @ Medan Connaught, Cheras
1,141 s/f, FREEHOLD, 3R3B2P, Non-Bumi
Reserved Price : 450.5K
Auction Date : 13 Jul 2024


*
This unit sold yesterday.
Attracted 3 bidders fight.

Sold at 468K.

Good catch?


user posted image
Jagalat
post Jul 14 2024, 02:09 PM

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QUOTE(AskarPerang @ Jul 14 2024, 01:24 PM)
This unit sold yesterday.
Attracted 3 bidders fight.

Sold at 468K.

Good catch?
user posted image
*
Winning at RM410psf...

The unit 26-3 will surely be up for furious fight...
Jason
post Jul 14 2024, 11:12 PM

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The lobby of this place is so sad compared to Majestic Maxim and Aster. Then got a dodgy looking snooker center above it…
Chonloo13
post Jul 15 2024, 06:48 AM

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QUOTE(Jason @ Jul 14 2024, 11:12 PM)
The lobby of this place is so sad compared to Majestic Maxim and Aster. Then got a dodgy looking snooker center above it…
*
I think the snooker closed down?
Jason
post Jul 15 2024, 11:36 PM

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QUOTE(Chonloo13 @ Jul 15 2024, 06:48 AM)
I think the snooker closed down?
*
I was there last year. So it’s empty now? Even scarier 😂 later kena rob waiting to take the lift down.

I just recall the awful cigarette smell typical of snooker centers.
Jagalat
post Jul 16 2024, 01:05 PM

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QUOTE(Jason @ Jul 16 2024, 12:36 AM)
I was there last year. So it’s empty now? Even scarier 😂 later kena rob waiting to take the lift down.

I just recall the awful cigarette smell typical of snooker centers.
*
Now what smell left there?

 

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