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 EcoMajestic @ Semenyih (VERSION 8 - Huat ah!), ~ Let's continue the party! ~

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bigmamma
post Sep 10 2015, 10:56 PM

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Heard they are launching phase 2 of commercial. 1st phase kena sapu habis habis. Any views whether can invest or not?
bigmamma
post Sep 11 2015, 07:12 AM

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QUOTE(Jasoncat @ Sep 10 2015, 11:01 PM)
Yeah the coming one is called Brighton. Only 46 biji - given the limited number of units, likely not open to public but not confirmed yet.
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Thanks Bro. Not too familiar with the potential of the whole place. Assuming we are able to get a unit in Brighton, you think rental yield is likely to be good? Any guess? Yes times are bad now and for that I believe the developer will not simply price their products so not to chase away the genuine investors. Their 1st phase I heard was selling at RM1.3mil for 24x80 double storey. Cheers!
bigmamma
post Sep 12 2015, 02:15 AM

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QUOTE(Jasoncat @ Sep 11 2015, 01:10 PM)
The "1st phase" of the commercial lot is Ivoris, starting from RM1.39M. Location wise, I prefer Ivoris which is next to the Silver Square - the heart of the commercials of EM township.  Ivoris, for some reason I miss the boat though I wanted it.

For Brighton, I have reservations about its location which seems to me "sidelined" from the centre of commercials of the township.  Nevertheless, those staying in the thousand units of apartments in Velveton precint near Brighton, other nearby precints and out-of-EM housing areas like Kesuma may frequent the shops there more often.  Another plus point is schools are nearby too.  However, accessibility wise, as Brighton is located near the entrance into EM from the East Gate, it loses out to Ivoris which is likely to see more traffic flows from the EM interchange (once ready) and North Gate, and probably from SEH2 once SEH2 developed.  The Ecohill Link starts from SEH, cuts through EM (from North Gate) and will continue to SEH2.  Basing on this, I expect / wish Brighton will be priced not higher than Ivoris but seems I'm wrong.

Rental yield, I conservatively estimate 4% - 5% for Brighton, not attractive but I do consider the capital appreciation too.

Your thought?
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Great analysis bro. Many thanks. During this trying time, rightly Ecoworld will not simply up the price. So Brighton which is priced at RM1.7 mil may have something different. Maybe the orientation. If I am not wrong, for Ivoris, the road facing units were priced at about RM1.7 mil too. If your guess is right, that is rental yield can achieve 4-5%, I think it is still a very good investment as upside potential is high in view of the development of the whole Semenyih area. I am in fact doubtful if can fetch 4% rental yield which is around RM7000 nett a month. Bro, would you consider buying this one since you hv missed Ivoris? Heard all 46 units hv been reserved for their associates or loyal customers. They may not even launch....
bigmamma
post Sep 28 2015, 06:21 AM

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QUOTE(KL_ppl @ Sep 27 2015, 11:36 PM)
I don't think less competition lo. Should be more gan cheong than Ivoris ballot.  sweat.gif
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Wa lau leh! Starting from RM1.7mil in Semenyih still like it is going to be BBB. To get a gross yield of 5% per annum, we need to rent at about RM7000 per month for 2 storey. From long term rational investment angle, is it really a good investment? Those who are familiar with the area can advise? It is really very pricey though for that area. How much would an existing 2 storey shophouse at the quite matured Setia Alam worth? Can we use Setia Alam as proxy? I am attracted to this new growth area thus tempted to try luck this time. Missed phase 1 shophouses of both EM and SEH. Heard phase 2 by SEH is launching next year. Would it be cheaper compared to EM? Thank you!
bigmamma
post Sep 30 2015, 04:56 PM

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QUOTE(samkps @ Sep 29 2015, 01:23 PM)
Any taikor or TKJ can compare the pro and cons between Brighton and the Semenyih Rinching Business Park new shoplots?

https://forum.lowyat.net/topic/3683694/+20

No doubt, Rinching Business park is 3 floors and cheaper than Brighton. However, for commercial shop, I think price should not be the only factor I suppose.

Good if someone can share some insights on this..
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Brighton has 2 rows only. Front row intermediate is RM1.7mil and back row is RM1.5 mil. Looking at the traffic flow inside, like no difference. Can anyone share views on the pro and con of back row which is an whooping RM200k cheaper? I am very tempted to invest in Brighton.
bigmamma
post Sep 30 2015, 07:03 PM

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QUOTE(Chris Chew @ Sep 30 2015, 06:12 PM)
Front row is facing a few lanes main road, something of a Persiaran Majestic bla bla bla, defnitely it involve some costs of marketing or branding if the tenant / owner looking to set up a business there, say, banks or some brand anchor tenants ... meanwhile, if some dobby shop, restaurants, smaller business, could target the cheaper rows. Further, majority people are aiming and demand for the rows facing main road. My small opinion.
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Worth to pay RM200k more for front row? What would be your choice taking into consideration the huge price difference?
bigmamma
post Oct 1 2015, 09:57 AM

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QUOTE(Jasoncat @ Oct 1 2015, 08:18 AM)
From yield perspective, it would need about RM700 - RM800 extra rental from the front rows to make it comparable with the back rows which appears to me reasonable.  From capital appreciation perspective, I would say that the gain / the sales proceeds would be enough to compensate the extra RM200k (ie better sale price for front rows then - of course on the assumption that biz there are all ok, else may have little of nil premium)
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Any idea What is the back row facing in future? Jungle or residential?

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