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Investment THE FENNEL @ SENTUL EAST by YTL (V2), Sentul East KL

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teehk_tee
post Mar 6 2019, 06:44 PM

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QUOTE(jhuitan @ Mar 6 2019, 06:23 PM)
Any examples can get rental RM5psf
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Myhabitat / horizon are some the examples.
gks
post Mar 6 2019, 06:49 PM

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QUOTE(teehk_tee @ Mar 6 2019, 06:44 PM)
Myhabitat / horizon are some the examples.
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Are these priced at rm600-700psf?
teehk_tee
post Mar 6 2019, 06:52 PM

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QUOTE(gks @ Mar 6 2019, 06:49 PM)
Are these priced at rm600-700psf?
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Fennel can command rm2 psf? I know that area. Its barely touching rm2 psf.

So this is a high end place? Cant even command rm2 psf?
jhuitan
post Mar 6 2019, 07:00 PM

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QUOTE(teehk_tee @ Mar 6 2019, 06:44 PM)
Myhabitat / horizon are some the examples.
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Double post

This post has been edited by jhuitan: Mar 6 2019, 07:02 PM
jhuitan
post Mar 6 2019, 07:02 PM

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QUOTE(teehk_tee @ Mar 6 2019, 06:44 PM)
Myhabitat / horizon are some the examples.
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How about skysuites? Some ppl very confident it can break new record brows.gif
jhuitan
post Mar 6 2019, 07:07 PM

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QUOTE(propertybbb @ Mar 3 2019, 11:42 PM)
Eventhough cheaper than buyers who bought few years back..some details n finishing looks quite bad...propcafe just shared their post. Mmmm
https://propcafe.net/propcafe-360-degree-vi...ls-sentul-east/
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Berry berry bad workmanship, peeling paint on top of guardhouse and floor, this condo VP how long already?

https://i0.wp.com/propcafe.net/wp-content/u...-Room.jpg?ssl=1

https://i1.wp.com/propcafe.net/wp-content/u...house.jpg?ssl=1

So empty for facilities deck area? No furniture at all?

https://i1.wp.com/propcafe.net/wp-content/u...Space.jpg?ssl=1

https://i0.wp.com/propcafe.net/wp-content/u...Space.jpg?ssl=1

This post has been edited by jhuitan: Mar 6 2019, 07:17 PM
johnrck99
post Mar 6 2019, 09:09 PM

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QUOTE(jhuitan @ Mar 6 2019, 07:07 PM)
Comments based on property review website should not be taken too seriously. Suggest to pay a visit there and see first before commenting.
johnrck99
post Mar 6 2019, 09:13 PM

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QUOTE(teehk_tee @ Mar 6 2019, 06:52 PM)
Fennel can command rm2 psf? I know that area. Its barely touching rm2 psf.

So this is a high end place? Cant even command rm2 psf?
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No rm2psf for this project? Cannot be lah. Check i property. Surrounding ytl condo all above Rm2psf.

Now i know u know that area u know?

brianccg
post Mar 7 2019, 02:53 AM

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I prefer Capers over Fennel...
BeastB
post Mar 7 2019, 08:26 AM

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After doing my own research on these two buildings (Fennel and Capers), investors better stay away from it.

It grabbed my attention when developers opened their own units for sale at BELOW LAUNCH PRICE......very fishy. Why would they even think of that, unless the know something? Either running out of money or knows the market value of this place cannot hold for long and I believe it's the latter. They got their money from the initial 70% sales, and dumping these last units for a price which is still a 'profit' when looking 5 years down the road.

Ridiculous price to buy now, rental is a joke. Mid end condos and poorly maintained buildings in Subang and PJ can command similar/higher rental.

However, if you bought for own stay and convenient to get to work, then it's not a bad buy. But for investment...no way.
BEANCOUNTER
post Mar 7 2019, 10:18 AM

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QUOTE(BeastB @ Mar 7 2019, 08:26 AM)

However, if you bought for own stay and convenient to get to work, then it's not a bad buy. But for investment...no way.
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this part I always catch no balls...

why ppl always think own stay oK...can lose more money....

BUT

investment, no no....must make money.....

devil.gif
BeastB
post Mar 7 2019, 10:24 AM

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QUOTE(BEANCOUNTER @ Mar 7 2019, 10:18 AM)
this part I always catch no balls...

why ppl always think own stay oK...can lose more money....

BUT

investment, no no....must make money.....

devil.gif
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Own stay - house is considered a liability, not an asset. It is no longer an investment. It's a shelter and a daily need, like food.

Investment - You are looking for an annual ROI over the next X years. Could be 1 year. Could be 5. Could be 10.

If you buy your own house and expect to make money from it down the road, you are confused. Simple.

So maybe your thinking is flawed. That's why I prefer to rent - because for me mobility and freedom to move is worth the monthly cost of rent. I depend on my rentals to give me the better life.

This post has been edited by BeastB: Mar 7 2019, 10:25 AM
BEANCOUNTER
post Mar 7 2019, 10:29 AM

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QUOTE(BeastB @ Mar 7 2019, 10:24 AM)
Own stay - house is considered a liability, not an asset. It is no longer an investment. It's a shelter and a daily need, like food.

Investment - You are looking for an annual ROI over the next X years. Could be 1 year. Could be 5. Could be 10.

If you buy your own house and expect to make money from it down the road, you are confused. Simple.

So maybe your thinking is flawed. That's why I prefer to rent - because for me mobility and freedom to move is worth the monthly cost of rent. I depend on my rentals to give me the better life.
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property is an asset lah…….and it has potential capital growth...…

you are the 1st person defy accounting law by saying property is an liability.

like that nobody will and should buy property already, incl corp and companies.

BeastB
post Mar 7 2019, 10:34 AM

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QUOTE(BEANCOUNTER @ Mar 7 2019, 10:29 AM)
property is an asset lah…….and it has potential capital growth...…

you are the 1st person defy accounting law by saying property is an liability.

like that nobody will and should buy property already, incl corp and companies.
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This is the fundamental mistake, a mistake fed to us all....so we all buy property and are happy to be locked down in it for life (GET YOUR DREAM HOME!) biggrin.gif

Yes, companies buy property....but they have a timeline to cash out. And they rent those properties or use it to generate business. It's not for them to 'live in'.

I'm not saying buying your own place is a mistake. You can convert your own home to become an investment, but it's just gonna take a lot longer. And the biggest measure is time, not money. Why waste time in the first place, when you have your priorities straight? Buy where you want to rent, rent where you want to stay.
BEANCOUNTER
post Mar 7 2019, 10:44 AM

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QUOTE(BeastB @ Mar 7 2019, 10:34 AM)
This is the fundamental mistake, a mistake fed to us all....so we all buy property and are happy to be locked down in it for life (GET YOUR DREAM HOME!) biggrin.gif

Yes, companies buy property....but they have a timeline to cash out. And they rent those properties or use it to generate business. It's not for them to 'live in'.

I'm not saying buying your own place is a mistake. You can convert your own home to become an investment, but it's just gonna take a lot longer. And the biggest measure is time, not money. Why waste time in the first place, when you have your priorities straight? Buy where you want to rent, rent where you want to stay.
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accounting 101

Property is Fixed Assets bcos it has the 'potential' in growth in value.

Liability is what you owed to 3rd party.

You need to get the above fixed in your mind 1st before sharing your thought in public forum.

Not going to debate if buy or rent....there already an existing thread in this discussion.


I never owed a housing loan for more than 10 yrs. It either been paid off or the property is sold and redeemed.
jhuitan
post Mar 7 2019, 10:52 AM

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QUOTE(johnrck99 @ Mar 6 2019, 09:09 PM)
Comments based on property review website should not be taken too seriously. Suggest to pay a visit there and see first before commenting.
*
Maybe you are right, the building manager and JMC member never sleeping, the peeling paint on top of guardhouse, floor and rusty rail low class people treat it as defects, high class people will treat it as artistic masterpieces biggrin.gif The ID purposely make this rustic industrial feel! brows.gif
jhuitan
post Mar 7 2019, 10:54 AM

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QUOTE(BeastB @ Mar 7 2019, 08:26 AM)
After doing my own research on these two buildings (Fennel and Capers), investors better stay away from it.

It grabbed my attention when developers opened their own units for sale at BELOW LAUNCH PRICE......very fishy. Why would they even think of that, unless the know something? Either running out of money or knows the market value of this place cannot hold for long and I believe it's the latter. They got their money from the initial 70% sales, and dumping these last units for a price which is still a 'profit' when looking 5 years down the road.

Ridiculous price to buy now, rental is a joke. Mid end condos and poorly maintained buildings in Subang and PJ can command similar/higher rental.

However, if you bought for own stay and convenient to get to work, then it's not a bad buy. But for investment...no way.
*
The rest too far, how about ecosky, any comment? Good?
BeastB
post Mar 7 2019, 10:59 AM

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QUOTE(BEANCOUNTER @ Mar 7 2019, 10:44 AM)
accounting 101

Property is Fixed Assets bcos it has the 'potential' in growth in value.

Liability is what you owed to 3rd party.

You need to get the above fixed in your mind 1st before sharing your thought in public forum.

Not going to debate if buy or rent....there already an existing thread in this discussion.
I never owed a housing loan for more than 10 yrs. It either been paid off or the property is sold and redeemed.
*
You think like a textbook school teacher. I think like an investor in 2019.

That's the difference.
BeastB
post Mar 7 2019, 11:01 AM

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QUOTE(jhuitan @ Mar 7 2019, 10:54 AM)
The rest too far, how about ecosky, any comment? Good?
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No idea, never looked into that building so can't comment. I was getting interested in the Capers/Fennel because someone I know just bought a developer unit for a "good price".

Looked into it, it's true...."good price" for the developer, not the buyer.
jhuitan
post Mar 7 2019, 11:07 AM

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QUOTE(gks @ Mar 6 2019, 06:29 PM)
The fennels is rm600-700psf product.Sentul is definitely not high end place like MK, Hartamas, KLCC etc. Hence the rental wise is definitely not attractive due to the demographic issue.

Most of the medium cost apartment in OKR, Subang, PJ, already at this range if not exceeded.

But did condos in these areas give similar offering (facilities, finishes, facade etc) with similar pricing.

My view is if own stayers can accept Sentul East location, The Fennels is representing good value and proposition.
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Malaysia property market is very funny, further away city centre like subang pj value can sell more higher than those close to city centre..in sg those close to raffles, marina bay definitely won sell cheaper than Pasir Ris or Woodlands

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