No people interested property in Seremban?
It quite beautiful location...

ya... not bad...
for own stay or invest also

very far from KL

ppl still debating whether semenyih bangi rawang puncak alam is it suitable for staying... and you think seremban will make them go stay ma... haha... lets wait after all these areas fully developed first only think about seremban ba...

A lot of people now already stayed in Bndr Sri Sendayan that most of them came from KL and worked in KL, shah alam and cyberjaya.

By the time u have make your decision, terrace house in BSS has reach million Ringgit.

a lot of investor fr kl. doubt occupancy rate will be high.

haha its okay.... greater klang valley also belum habis sold out yet... by the time BSS reach million ringgit... all the greater KV area worth more than that also liao.... I am not saying BSS is not good... I am impressed with the township size and club house provided... but too bad... my major work place wont be KL or cyberjaya....

144 unit Suriaman 2B (22X80) sold out within 7 days after launching Who say the market no good

Suliaman2B计划为例，价钱介于50万至60万令吉，共144间单位推出一星期便已经售罄，

http://www.sinchew.com.my/node/1570714/%E6...%85%B8%E5%92%8C

market is indeed not good... but buying power still surprise me... haha... the EW project in Ijok i think sold more than 400 units in ytdy... if based on the queue number only...

I believe those house with affordable pricing and good concept by reputable developer still got good demand. EW and Matrix is among of these few.

most importantly is affordable landed with township concept... haha...

BSS not bad la, bought a unit there in 2013 for 420k after discount, thought of moving in but now relocated overseas. Managed to flip it out of desperation for 520k. Made about 70k la. Not bad for a soft market.

Your one is Dextora?

RM520K is after renovation or bare unit?

Not bad property in Sendayan got demand and still can flip in current soft market.

Castora, sold 6 months ago. Baru masuk duit. BSS selling proses very long. Must get govt consent. But now i see people struggling to sell below 500k, consider myself lucky i guess.

This post has been edited by lorenzo1234: Sep 26 2016, 07:13 PM

Wow, pretty good price

What a pity, you need to relocate oversea, otherwise when BSS mature in few years time, your house worth million

Did you go?

Oh the Matrix Titan Challenge is Malaysia first inflatable obstacle race.

Proceeds from the race would be channelled to Malaysia Lysosomal Diseases Association, Shelter Home for (Abused) Women and Children and Kluang Kiwanis Down Syndrome Foundation.
http://www.thestar.com.my/metro/community/...ds-for-charity/


About 1,600 participants on that day

Here are the photos
https://www.facebook.com/matrixconceptshome...094869707235589

It was widely reported in most major newspapers, good promotion for BSS

http://www.enanyang.my/news/20160924/%E6%9...8A%A2%E6%89%8B/

http://www.mchb.com.my/wp-content/uploads/...an-Malaysia.pdf

KUALA LUMPUR: AllianceDBS Research sees a challenging outlook for the property sector due to the weak affordability and low supply of affordably priced properties.

It said on Tuesday the increasing supply from public housing may intensify competition in affordable segment while slow sales is the new norm.

“Top pick: Matrix Concepts, which is an affordable township developer with sustainable earnings and yield,” it said.

...

AllianceDBS Research said private developers face the challenge of supplying affordably-priced properties at the expense of lower profitability due to the rising cost environment (land, compliance, construction).

Developers will have to revise their product offerings to incorporate more “value-buy” properties with differentiating lifestyle amenities that will distinguish themselves from lower-priced public housing.

The research house believes township developments will offer better sales performance going forward.

“Matrix is the best proxy to affordable housing as it mainly focuses on landed properties priced below RM600,000.

“Its property sales remain robust despite the tough operating environment, and are on track to achieve its record-high property sales of RM1bil in FY17,” it said.


Challenging outlook for property sector
http://www.thestar.com.my/business/busines...roperty-sector/

AllianceDBS Research said private developers face the challenge of supplying affordably-priced properties at the expense of lower profitability due to the rising cost environment (land, compliance, construction).

Let check what is the land cost for BSS, based on its IPO Prospectus

Total land cost =Land cost + Finance cost
=RM250m + RM113.6m
=RM363.6m

Gross land area obtained = 5,233 acres

Land costs per acre = RM69,367.48

Land cost per square foot = RM1.59

Even though Matrix need to surrender 1,000 acres for part compensation of Felda settlers + 100 acres for Menteri Besar Incorporated

Land cost = RM363.6m / (5,233-1,000-100)
= RM2.02 per square foot.

And Matrix sell to us at RM200 per square foot, good money!