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

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Hammer278
post Aug 14 2019, 05:01 PM

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QUOTE(tetsu @ Aug 9 2019, 02:15 PM)
bwahaha respect your dedication. Perhaps I interpreted it differently when he wrote 10 year + condos have better layout. Yet offer no examples to date.

You do realized there's a bit of flip flop when he said it's not bad yet call it "white elephant"

There's really no added value to the argument other than emotional hyperboles.

Would you continuously criticise a property that you don't own for half a year online? I bet most people don't and just move on.

Even told him he should look elsewhere since it should be easy to find better properties in this "soft" market.

Unfortunately he can't and still continues to troll this topic rclxs0.gif
It starts from around there plus DIBS for first phase lower floors, Block A & D.

Could be lower Block A since it was open to YTL VIPs & repeat buyers first.

Type A & C has roughly the same built up but different price psf. Type C is noticeably lower due to less rooms, but with Genting/KLCC & Capers View, rather than facing the next block.

1200sqft is a considered "big" now when most developers are launching at 8-900 sqft with 3 bedrooms, RUMAWIP style.
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From my understanding I think he means for the price it is not a good investment in this current market. White elephant can become a useful elephant down the road, no? If you ask me I would be scared to buy this development now as well since price is dropping everywhere.
tetsu
post Aug 15 2019, 12:10 AM

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QUOTE(Hammer278 @ Aug 14 2019, 05:01 PM)
From my understanding I think he means for the price it is not a good investment in this current market. White elephant can become a useful elephant down the road, no? If you ask me I would be scared to buy this development now as well since price is dropping everywhere.
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As mentioned by others earlier, is the current price overpriced or even dropped under initial launch prices, when it was launched at under 600 psf? New developments nearby since last year, launched at higher psf at smaller sizes and arguably inferior locations less than 5km away. Let's not forget DIBs for the Fennel as well.

Just before the last EGM last month, The Fennel is 95%+ sold and no one is going to buy the recent units if they thought prices will drop further.

White elephant is a personal expression backed by 0 facts or data.

Let's be honest, you're not familiar with Sentul East & West as well...

If I asked you, what development have you last bought and the last project you thought was a good buy? I wonder..

Different products cater to different people at different price ranges..Not that hard to understand.

If the Fennel is not for you, don't be a bitch for months and move on. wink.gif




XXLSFO P
post Aug 15 2019, 06:42 AM

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QUOTE(VOLVOFORLIFE @ Aug 10 2019, 03:05 PM)
Around Sentul.... look at d6😎
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Can u share D6 transacted price with us here
Hammer278
post Aug 15 2019, 08:52 AM

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QUOTE(tetsu @ Aug 15 2019, 12:10 AM)
As mentioned by others earlier, is the current price overpriced or even dropped under initial launch prices, when it was launched at under 600 psf? New developments nearby since last year, launched at higher psf at smaller sizes and arguably inferior locations less than 5km away. Let's not forget DIBs for the Fennel as well.

Just before the last EGM last month, The Fennel is 95%+ sold and no one is going to buy the recent units if they thought prices will drop further.

White elephant is a personal expression backed by 0 facts or data.

Let's be honest, you're not familiar with Sentul East & West as well...

If I asked you, what development have you last bought and the last project you thought was a good buy? I wonder..

Different products cater to different people at different price ranges..Not that hard to understand.

If the Fennel is not for you, don't be a bitch for months and move on. wink.gif
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He's right... you are so defensive. doh.gif I didn't even say anything negative about this development and you have to use this sort of language. sigh
BeastB
post Aug 15 2019, 10:42 AM

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QUOTE(Hammer278 @ Aug 9 2019, 01:54 PM)
I read through this thread few day ago, he never said worst layout, just blame kitchen area. And he also said few times, the condo is not bad but overpriced because of the market. I think you just have difficulty understanding basic concepts.  notworthy.gif
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Good, so I wasn't just talking to myself in this thread then. I guess people with common sense here understand where I'm coming from. Unlike certain 'thickos' who are so insecure they feel the need to fight despite facts slapping them all over their face.

Lame insults like "shoestring budget" etc is just sad. Thicko is proud to own an overpriced property and makes fun of people who's worst performing property is already over 30% of purchase price despite the bad market today. Yeah, I love 'cheap' properties which don't rip me off. Sue me. rclxs0.gif

This post has been edited by BeastB: Aug 15 2019, 10:46 AM
BeastB
post Aug 15 2019, 10:43 AM

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QUOTE(Hammer278 @ Aug 15 2019, 08:52 AM)
He's right... you are so defensive.  doh.gif I didn't even say anything negative about this development and you have to use this sort of language. sigh
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LOL!

Victims who got robbed don't like it when others tell them they been robbed!
A.B.D.
post Aug 15 2019, 11:10 AM

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QUOTE(Hammer278 @ Aug 14 2019, 03:51 PM)
Same way they sold Fennel = FOMO and great sales pitch. smile.gif

Not to say any development is bad but now we are heading down the wave of property price. After a big bull run last time we expect a big correction now as well. Too many completed project everywhere.
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i'm not sure why people can so casually compare park regent to this

with all due respect fennel is a wonderful condo

but park regent is not like normal condos, it doesn't try to squeeze many rooms into 1000sf, it's about being spacious everywhere, true opulence and luxury, booking fee alone is 6 figures, very different clientele boss icon_rolleyes.gif

This post has been edited by A.B.D.: Aug 15 2019, 11:11 AM
BeastB
post Aug 15 2019, 02:38 PM

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QUOTE(A.B.D. @ Aug 15 2019, 11:10 AM)
i'm not sure why people can so casually compare park regent to this

with all due respect fennel is a wonderful condo

but park regent is not like normal condos, it doesn't try to squeeze many rooms into 1000sf, it's about being spacious everywhere, true opulence and luxury, booking fee alone is 6 figures, very different clientele boss icon_rolleyes.gif
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Exactly.... those people who are into Park Regent are looking for either own stay/capital appreciation in the long term/thinking for the next generation. Not comparable.

Fennel was built with the investor in mind, which is why the dual key units were supposed to be the USP of this condo but fell flat on its face....and were the last to sell out thanks to a huge last minute discount by the developer.
BEANCOUNTER
post Aug 15 2019, 02:41 PM

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QUOTE(A.B.D. @ Aug 15 2019, 11:10 AM)
i'm not sure why people can so casually compare park regent to this

with all due respect fennel is a wonderful condo

but park regent is not like normal condos, it doesn't try to squeeze many rooms into 1000sf, it's about being spacious everywhere, true opulence and luxury, booking fee alone is 6 figures, very different clientele boss icon_rolleyes.gif
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50k for type a to c
100k for type d onwards

With min price of 1mil +, like it or not, 100k booking is not that much...
A.B.D.
post Aug 15 2019, 02:49 PM

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QUOTE(BEANCOUNTER @ Aug 15 2019, 02:41 PM)
50k for type a to c
100k for type d onwards

With min price of 1mil +, like it or not, 100k booking is not that much...
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thanks for the info boss

that is still very substantial amount of money for the average malaysian

compared to so many launches with developer discount, early bird, merdeka, cny, raya discount, 7%+3% end up no need 10% etc..
BEANCOUNTER
post Aug 15 2019, 02:51 PM

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QUOTE(A.B.D. @ Aug 15 2019, 02:49 PM)
thanks for the info boss

that is still very substantial amount of money for the average malaysian

compared to so many launches with developer discount, early bird, merdeka, cny, raya discount, 7%+3% end up no need 10% etc..
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Park regent is not for average malaysians.

Typical dpc style spa will be signed soon therefore more money to cough out......

Tis 50 or 100k is just the start.

If you are typical ltv70 soon u need to pay 300k.
People like me no banks hiew one....I need to pay 1mil....
Therefore 50/100k make little different.

This post has been edited by BEANCOUNTER: Aug 15 2019, 02:53 PM
A.B.D.
post Aug 15 2019, 03:21 PM

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QUOTE(BEANCOUNTER @ Aug 15 2019, 02:51 PM)
Park regent is not for average malaysians.

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there you go. i'm not being prejudiced, it just fascinates me how PR becomes comparison in threads that are of a totally different level
gks
post Aug 15 2019, 03:33 PM

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QUOTE(BEANCOUNTER @ Aug 15 2019, 02:41 PM)
50k for type a to c
100k for type d onwards

With min price of 1mil +, like it or not, 100k booking is not that much...
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BC... I remember the booking fee for Fennels are not shabby either... If not wrong rm30k...

Developer can sold off the units... They have done a good job.. Whether the buyers can make money 3-4years down the road, it depends on the market demand - supply and condition at that time...

In my book, Ppsb has done excellent job... But those buyers who aim for hefty capital gain... Do not be so quick to pop the champagne bottle first.

This post has been edited by gks: Aug 15 2019, 03:33 PM
A.B.D.
post Aug 15 2019, 03:42 PM

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i believe PR buyers know of faster ways to make money. they're smart enough to know at over 1k psf it's not going to double up anytime soon

PR is more of a show off, trophy item among other things they own. they are the type who literally pop champagne or expensive wine on a regular basis, celebrating their wealth
tetsu
post Aug 15 2019, 04:35 PM

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QUOTE(Hammer278 @ Aug 15 2019, 08:52 AM)
He's right... you are so defensive.  doh.gif I didn't even say anything negative about this development and you have to use this sort of language. sigh
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lol..it wasn't even directed at u. why would i direct it at you when I wasn't debating this with you for months? Weird.. doh.gif

QUOTE(gks @ Aug 15 2019, 03:33 PM)
BC... I remember the booking fee for Fennels are not shabby either... If not wrong rm30k...

Developer can sold off the units... They have done a good job.. Whether the buyers can make money 3-4years down the road, it depends on the market demand - supply and condition at that time...

In my book, Ppsb has done excellent job... But those buyers who aim for hefty capital gain... Do not be so quick to pop the champagne bottle first.
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For the Fennel, yes it was 30k booking and the first 10% of the discounted selling price upon SPA signing. A lot higher than the 1k booking fees these days and heavy discounts upfront.

Not much to gain from DPC condos really, if any. Interesting times for DPC very soon.. drool.gif

This post has been edited by tetsu: Aug 15 2019, 04:57 PM
gks
post Aug 15 2019, 04:47 PM

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QUOTE(A.B.D. @ Aug 15 2019, 03:42 PM)
i believe PR buyers know of faster ways to make money. they're smart enough to know at over 1k psf it's not going to double up anytime soon

PR is more of a show off, trophy item among other things they own. they are the type who literally pop champagne or expensive wine on a regular basis, celebrating their wealth
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Of course....i am sure all owners (even low cost flats) are proud of their abode..

If u buy as trophy property, own stay... I have no comments... As long you happy.

Similarly to own stayers in Fennels. I am sure they are proud owners as well.

AskarPerang
post Aug 15 2019, 05:13 PM

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QUOTE(AskarPerang @ Jul 29 2019, 10:47 PM)
Another lelong unit check in. Lower floor and slight smaller in size (but layout wise is similar).
If drop another round, possible need fight it out.
Remember 1238sqft unit sold at 720k few weeks ago, refer: https://forum.lowyat.net/index.php?showtopi...post&p=93307678

D-9-3A, Block D, Residensi Fennel Sentul
Reserve price 🔥🔥RM 702,000🔥🔥
Freehold
1186 sqft, 1 car park slot
Auction: 15 Aug 19 (Thu)

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No bidder just now. Guess everyone got the same intention, waiting to grab at cheaper price.
New price and details as below:

D-9-3A, Block D, Residensi Fennel Sentul
Reserve price 🔥🔥RM 632,000🔥🔥
Freehold
1186 sqft, 1 car park slot
Auction: Mid Sep 19

» Click to show Spoiler - click again to hide... «

XXLSFO P
post Aug 15 2019, 06:05 PM

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QUOTE(BEANCOUNTER @ Aug 15 2019, 02:51 PM)
Park regent is not for average malaysians.

Typical dpc style spa will be signed soon therefore more money to cough out......

Tis 50 or 100k is just the start.

If you are typical ltv70 soon u need to pay 300k.
People like me no banks hiew one....I need to pay 1mil....
Therefore 50/100k make little different.
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Fennel booking fees was 30k and u have 5min to decide. Was considered a successful launching program back during that time.

It is not shabby at all considering all the subsale YTL product durig that time is cheaper than fennel.

PR (not sure how this is brought into this thread) can also considered successful launching in this climate. However no overnight queue.

Whether fennel.and Pr will do well with capital gain in the next few years only time will tell.
icemanfx
post Aug 15 2019, 06:41 PM

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QUOTE(XXLSFO @ Aug 15 2019, 06:05 PM)
Fennel booking fees was 30k and u have 5min to decide. Was considered a successful launching program back during that time.

It is not shabby at all considering all the subsale YTL product durig that time is cheaper than fennel.

PR (not sure how this is brought into this thread) can also considered successful launching in this climate. However no overnight queue.

Whether fennel.and  Pr will do well with capital gain in the next few years only time will tell.
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Classic fomo tactics.
BEANCOUNTER
post Aug 15 2019, 06:53 PM

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QUOTE(A.B.D. @ Aug 15 2019, 03:42 PM)
i believe PR buyers know of faster ways to make money. they're smart enough to know at over 1k psf it's not going to double up anytime soon

PR is more of a show off, trophy item among other things they own. they are the type who literally pop champagne or expensive wine on a regular basis, celebrating their wealth
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PR is trophy collection?
I dun see as such.

Trophy collection to be are those 2500 to 3000psf or above at current price level. Even 2000psf i also wont consider as trophy collection. Sorry if my statement above irked some readers.

Current newest dpc condos already traded at 900 to 1000psf.
Park regent is not out of this world, just that the configuration and some sizes are not really investment friendly.

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