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

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tetsu
post Jan 2 2018, 07:06 PM

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Just collected my keys today. (Block D, Phase 1)

Unit finishing surprisingly good, after the horror stories I heard, of previous YTL projects like Midfields. Will take a closer look again.

4 Panasonic aircon & 3 Sigma storage heaters included.

12 months complimentary 6 mbps internet from YTL Broadband. Kind slow but you can upgrade to higher speeds I guess.

Not a fan of open bathrooms but it can be remedied.

People might not be a fan of dark colors used for the corridor and wet kitchen, but it doesn't bother me.

Tiny wet kitchen might be a deal breaker for some people.

Plenty of visitor carparks for guests. KONE lifts used and glass lifts to facilities floor are kinda cool.

Decent sized pool and 2 gyms ( 1 weight lifting, 1 cardio) for every 2 blocks.

Lots of greens planted too.

Can't complain @ 600+ psf + DIBS. rclxms.gif

Some photos below:


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This post has been edited by tetsu: Jan 2 2018, 07:09 PM
tetsu
post Mar 8 2019, 04:34 PM

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The Fennel will take time to improve, as with all condominiums..

JMB was just formed recently. Occupancy is fine as it is as many units are not even renovated. YTL throwing prices sucks, but those units are less desirable anyway as they're right next to the LRT track and temples. Both gyms have always been busy after working hours.

Sentul East & West is by YTL and way better located and planned than other projects deep inside Sentul Pasar or on the other side of the LRT track.

Not much point entertaining keyboard warriors that comment on almost every topic to increase their post count. Pretty clear that they have no idea what is going on nor ever went on a site visit on the properties they comment on, maybe one or two lol.. rolleyes.gif

Just had a good laugh at an idiot who created a topic trying to buy a 1000sqft-ish KLCC view unit at the Capers for under 700k when there's no such thing.

This post has been edited by tetsu: Mar 8 2019, 04:38 PM
tetsu
post Mar 9 2019, 12:57 PM

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QUOTE(jhuitan @ Mar 9 2019, 12:04 AM)
Can share more good things about this prop? Let us learn from you..ppl always said the real can not be fake, the fake can not be real
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Of all YTL's Sentul East developments, the Fennel is closest to Sentul Boulevard. Public Bank, DBKL, KK Mart, 99 Speedmart is practically across the street from Fennel's second entrance. Easily walkable and further down there's multiple banks, fast food restaurants, coffee shops, retail etc. Hence, you don't have to wait for businesses to move in like most new mixed developments.

Close to LRT, but not as close as the Capers. Anyway, I see people walking back every night from LRT to Tamarind and Saffron, which are even further from LRT.

As with most developers, YTL's workmanship needs improvement but at least they have way better style than most condos in the same/higher price range at Damansara, Mont Kiara, TTDI etc.

Maintenance at YTL developments has always been decent. Look at the Maple that's more than 10 years old. Even Saffron got repainted not long ago.

Rental will improve as some units are rented at 3.5k+ and there will always be owners that rent out at lowball prices because of their low entry prices. Probably the overnight campers from the first Fennel launch.


QUOTE(johnrck99 @ Mar 9 2019, 07:25 AM)
Agree that every condo take some time  to resolve all the interim problem until a solid jmb is formed. Solid jmb is composed of good member who truly care and willing to improve the condo (having a braini is a must). Then again not to forget if the condo is managed by ytl then there is some quality there.

Lagi agree that ppl who dont do site visit or just make remark based  on forum and other review site shd not be taken over ly seripus..

Regarding the last block being released...not really undesired units. S9ke command good klcc view which other block may lack of . The distance to LRT is the same between the two blocks. So cant say the final block is less desireable..

If u look at all ytl sentul east and west prijects... all are far more superior location then the deep deep inside the jln sentul pasar...the vibe is different.

Location and accessibility wise... i will still prefer the first few project at sentul east.
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Haha, yes KLCC view but the noise is just too loud for me, when I went to visit. My unit is on Block D high floor and I can tell the difference in noise levels.


tetsu
post Mar 9 2019, 05:05 PM

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QUOTE(jhuitan @ Mar 9 2019, 01:40 PM)
Any restaurant in boulevard up to standard? Any good western food you can recommend? You know expats usually prefer western food right?

Close to LRT, is the pedestrian road up to maintain, safe and bright enough especially at night?

Workmanship and maintenance both also very  important..may I know how many tiers security for this prop as the reviews didn't mentioned it?
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If you're a potential investor or own stayer, best to visit the area yourself or Google Street View for the shops nearby. Then ask an agent/YTL staff for a site visit.

Based on my own investment properties, convenience stores and public transport are more important than western food. Eg. Summer Suites has 2-3 conveniences stores on ground floor. Food standards are pretty subjective anyways.


tetsu
post Mar 12 2019, 08:03 PM

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QUOTE(BeastB @ Mar 11 2019, 08:54 AM)
You sound like a disgruntled Fennel owner. How does it feel getting 2K rental for a >700K priced condo? Assuming you are getting any rental at all.

4 units of mine bought below 550K, all getting RM2K minimum. Very cowardly to put that last line without mentioning my name, I guess you can't say much directly to me when you are an "owner" of a ripoff condo. You must be one of the early bird suckers of Fennel? Or are you the one who thought you're getting a great deal when the developers opened their last units to dispose before prices go down further?

When I get a 1000sqft-ish unit at Capers for below 700K later this year/early next year I'll send you the S&P. See who's the idiot then.  thumbsup.gif
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Hahaha, do you even know what the prices are for early birds of Fennel, especially for low floors in the first phase (Block A & D)?. Doubt so. Otherwise you wouldn't have called the Fennel a ripoff and then try to purchase the older Capers, at a higher PSF than first phase Fennel owners like myself. And that's excluding legal costs and DIBS over 54 months.

As mentioned previously, I plan to move in soon.

If price and rental is all that matters, then just buy Rafflesia Sentul. Even a fool can tell you the difference in quality of life between both condos and you get what you pay for.

Lol cowardly? It's pointless to argue over it especially under The Fennel's topic. Feel free to tag me when it happens LOL! Don't Forget KLCC VIEW! 999 sqft Capers units are low rise and facing LRT Track! 7-800ish sqft units are not close to 1000 sqft so I guess you'll be waiting for 1567sqft KLCC view units to hit 700k in 12 months. Catch my drift?

I hate to embarrass people, but if you decide to out yourself, so be it.

"under 550k and getting 2k minimum" LOL.. Easily achieved with Summer Suites 493 sqft studios(even now), especially for owners like myself who purchased early from Sunrise at under 400k. Pretty decent cap. gains as well. Plenty more examples and it's nothing to shout about especially for active property investors since 2005.

Just let time be the judge LOL.. yawn.gif

tetsu
post Mar 13 2019, 02:09 AM

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QUOTE(BeastB @ Mar 12 2019, 08:37 PM)
>"If price and rental is all that matters" - Ok so you bought the Fennel because price and rental does not matter, since it's for 'own stay'. Right?

Then you say...

"Let time be the judge."

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Then why'd you buy Fennel for? If you need time to be the judge? And price and rental doesn't matter to you? You bought the unit purely for own stay and never plan to sell or rent?

Sit down son.
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I guess when you write yourself into a corner, you start grasping at straws and start losing comprehension of English?

READ what I wrote. I never said price and rental doesn't matter. If it's ONLY about price and rental, I could easily go for Rafflesia Sentul in the same area, launched at the same time.

But would I want to stay there? NO. Especially when I can afford it at 6XX psf + DIBS for a unit at The Fennel. I paid extra for FREEHOLD, WAY BETTER DESIGN, LESS DENSITY PER FLOOR, BETTER DEMOGRAPHIC and "SLIGHTLY" BETTER LOCATION for OWNSTAY. Not that hard to understand. Same reason why people pay more to buy The Maple and not Sang Suria, condos are next to each other at Sentul West. Current prices and rentals are totally SECONDARY for own stayers. Only cash strapped flippers would be worried.

Is holding properties long term for ownstay such a foreign concept lol? Are there even significantly better alternatives in the same area?

"Let time be the judge" was in reference to your WTB at Capers within your timeframe, if you ever found such a unit lol. No point debating till then. drool.gif

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QUOTE(gks @ Mar 12 2019, 08:57 PM)
The question is whether how many units still available from YTL. None of the owners can do anything if YTL intends to sell at big discount to market price.

However, if just limited units and these are sold off quickly, then owners can compete subsale among themselves and not with developers.

Being prospect they will see half full some will see it as half empty glasses. I see it as opportunity for prospect to grab bargain from YTL especially it is for own stayers.
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Before the first AGM last January, YTL still had 50-60 units iirc.

According to the owner's group, 11 units left now, after "sales". Not sure if true lol.

QUOTE(King Gor @ Mar 13 2019, 01:35 AM)
Among all the layout, dual key the highest roi...studio fully furnished unit can rent RM1400-1600, 2 rooms fully furnished unit RM2200-2400, so whole unit minimum can get RM3600 to RM4000..easy get tenant than the 1500sf unit
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People here gonna say you're lying because some units were rented out at 2k LOL tongue.gif

This post has been edited by tetsu: Mar 13 2019, 02:12 AM
tetsu
post Mar 13 2019, 11:40 AM

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QUOTE(BeastB @ Mar 13 2019, 08:26 AM)
If you were referencing to a topic of mine in another thread, maybe it's best to SPECIFY? Not my problem when I misunderstand a badly written/incomplete post.

And if you bought it purely for own stay and prepare to be locked down in that location in the next 10 years, it's definitely not a bad buy. I mentioned this a couple of times earlier in this thread, but my point is for anyone who bought it for rental income or for appreciation in the next 5 - 8 years - bad move. That's my conclusion from what I've seen/heard about this development.
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When you can't even understand and misinterpret "If price and rental is all that matters" ---> " price and rental doesn't matter", your English comprehension is hopelessly terrible lol. Don't blame others.

Same goes for your terrible "research" of the Capers when there's no 1000 sqft KLCC view unit., without taking into account your 700k offer.

Plenty of people own the same property for more than 10 years especially the older generation, how is that a lock down lol? Especially with 5% RPGT.

Till now, no one can suggest a better alternative to the Fennel to stay, that's as close to KL, walkable to LRT & KTM, freehold, walking distance to shops, good density, "iconic" design at the price of under 700psf. bangwall.gif

Not a bad buy, but what is better?lol

This post has been edited by tetsu: Mar 13 2019, 11:41 AM
tetsu
post Mar 14 2019, 11:43 AM

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QUOTE(BeastB @ Mar 13 2019, 12:08 PM)
That wasn't the part which I misunderstood and you know it. Quit screwing around.

What is better??? Is this a serious question. A property which is good to stay in and at the same time has decent rental returns and has the potential to appreciate in the next 5 - 10 years. And you named a few and apparently find it very 'easy' to find these sort of properties.

And yet... you bought Fennel. Since "price and rental is not all that matters" am I right.  doh.gif

And I can make all the offers I want on lowyat, since posts costs me 0. But I ain't splashing 700K for a dud condo.
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Oh my god, you wanna go back to square one and now claim there's better props than Fennel for own stay as per what I listed?

Are you that simple minded that there are props for ownstay and props for rental?

Let me name another one I own. Titiwangsa Sentral, purchased for less than 500k subsale, FREEHOLD, 2.6k-2.9k rental for the past 5+ years. Will I stay there? HELL NO.

You're free to make whatever posts on Lowyat. Including nonsense topics to buy non existent units at Capers, funnily right next to Fennel. Don't complain when people mock your level of intelligence then.

tetsu
post Mar 14 2019, 04:56 PM

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QUOTE(BeastB @ Mar 14 2019, 01:15 PM)
You seem a bit thick. To me a good property is a place I can stay in comfortably - which means others out there would also love to stay in (for rental) or own (for purchase).

You are the one implying here that there are props for ownstay and props for rental. Which is why you bought a lousy condo for an investment, but a great one for  own stay (your words).

Titiwangsa Sentral, yes I'm familiar with that one and even looked into it. It was going for 500K back in 2011 or 2012 if not mistaken but I wasn't interested at the time because of the general outlook of the condo. But rental seems good for the price of RM500K. Congratulations for owning it.
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Yet up till now you have offered no examples of props that VPed recently that can offer 1000 sqft+, good ownstay experience, good rental and price appreciation, freehold and close to amenities+ public transport+KL, at less than 700psf. Should be easy in comparison with a lousy and ripoff condominium like The Fennel, right? bangwall.gif


tetsu
post Mar 14 2019, 05:26 PM

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QUOTE(BeastB @ Mar 14 2019, 05:14 PM)
It will be pretty difficult to actually find a worse investment at this stage when comparing to the Fennel. Why? Because of the latest developers trick of offering units below launch price few years after LAUNCH.

Can you kindly name me a time when this happened before? Someone in this thread mentioned 1997/1998....that might give you a clue why I'm so critical of this development.
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Lol, and yet you can't still name even one. Better or worst.

Too many armchair critics, too few actual owners and investors on Lowyat.

tetsu
post Mar 14 2019, 07:13 PM

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QUOTE(BeastB @ Mar 14 2019, 05:46 PM)
Lol no I'm not wasting my time naming thousands of condos which are better out there. You might find on Mudah or iProperty, or get someone to help you.

Too many owners who actually think of themselves as "investors" in lowyat. Talk to me in 1 year when units are going off for auction from Fennel.
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HAHAHA no one asked for thousands..just ONE of "MANY" in your "expert" opinion, better than the Fennel. Probably too afraid of scrutiny.

At this point, its pretty pointless to debate how "bad" the Fennel without substance backing up your argument. rolleyes.gif

One year again lol...For both Capers & Fennel. yawn.gif

This post has been edited by tetsu: Mar 14 2019, 09:50 PM
tetsu
post Mar 16 2019, 03:48 PM

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QUOTE(BeastB @ Mar 15 2019, 08:34 AM)
Never claimed to be an expert, just have more common sense than most. You want one? You named one yourself, Titiwangsa Sentral and I congratulated you for it. What's your next question?

Substance....check the occupancy rate, check the price of units today compared to launch date, check the rental returns for the units, check the basic ROI per year, that's all the substance any investor needs to say, "Ok, next." BTW, never said the Fennel is "bad", just saying it's crap timing to go in at this stage. The decline has only started.

Yeah check back in 1 year, let's see how much they're priced then. Who knows, we might become neighbours. So much fun.  devil.gif
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Lol, the only "example" provided is one I already owned and named myself(and wouldn't stay). Better just slum at your parents' home forever and buy "investment" properties. Might as well include opportunity costs of good "investment" properties once you move in.

The same "ownstay/investment" argument applies for Desa ParkCity VS Kepong and, Mont Kiara VS Segambut.

There is simply not enough data at this point for a condo that's barely 12 months old where most renovations were only completed the past couple of months. Guess all your "substance" came from Lowyat and lowball online ads from agents trying to get call ins?

The fact that you're struggling to name one (off the top of your head) better than The Fennel for "dual ownstay and investment" shows that you get what you pay for. When was the last time you actually bought a property?
Can't even name one and claimed that you name one that I'm familiar with lol..

Even in this property market, developers are not dropping prices. Merely lowering prices per unit to around 500k or less, shrinking sizes and increasing density to 1.5-2k+ units min., at the expense of standards of living of owners and tenants.

This post has been edited by tetsu: Mar 16 2019, 06:57 PM
tetsu
post Mar 17 2019, 04:02 PM

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QUOTE(BeastB @ Mar 17 2019, 09:32 AM)
Like I said earlier...you're a bit thick. What is your definition of "ownstay" apartment? So you're saying Titiwangsa Sentral isn't good enough for you to stay in?

I don't even know why we're continuing to argue about this, I have maintained if you bought the Fennel for own stay then it's not an investment property. And if it is, it is a crap time to go in because you have to wait 10 years for decent appreciation, since price will definitely drop first and then take time to get back up. This is already a clear hint with developers hawking their last units for 'cheap' prices - because they are fully aware its only going to get cheaper down the road.

I can name many investment properties at the top of my head which is better than Fennel but you would just say "not good enough for me to stay in", so why should I bother? You can stay in your white elephant, but the moment you try and rent out or have to move out - you can start sweating because you'll find it's a pain in the ass when it comes to giving you good cashflow. Since you're happy with the liability you have (own stay), well then good for you.  thumbsup.gif

As for your last paragraph.....who says I intend to buy new developments/new launches? Hell no, I only deal with owner of subsale or I stay out. Developers are out for your cash and their No.1 mandate is to transfer all the risk and costs over to the new owner to ensure profitability from their efforts in going through all the red tape and getting the building constructed. Owners are only looking for 'profit' or maybe even just breakeven if they're in a tough situation.

Many owners have bought properties they can't afford in the past year, and we'll start seeing the reality this year and next. Let's see where Fennels price is end of this year (bank interest rate is also dropping). If you spot any auction boards at your floor drop me a PM.
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Yes, exactly! Titiwangsa Sentral is inferior to stay in when compared with the Fennel. Doesn't take a genius to understand why. Probably the same reasons that discouraged you from investing years ago, lol.

As mentioned by others, the "cheap" Fennel units are not available any longer and were owned by KTM, not YTL. No one is going to snap these units up if prices are going down. Unless you're assuming these people that can afford these prices are dumber than you are.

Why are you so afraid of people scrutinizing you when you're so happy to "analyze" projects you're not vested in lol? Back it up with real facts and figures then there won't be any arguments. I wasn't worried bout anything when I named you MY EXAMPLES. Offer constructive criticism and alternatives so people won't laugh at you.

Dig a little into your post history and I guess you don't stay or own in any properties within 10km of KLCC...nor purchased any properties for close to 10 years. Keep on waiting and sourcing suggestions from Lowyat! Maybe Puchong/Bukit Jalil props are more up your alley! icon_idea.gif

No one said you're looking to buy new developments. By not looking at new developments shows that you may be out of touch. The fact is you can still make money off developers the past 5 years if you look hard enough. Hell, I made close to 40k last year when the developer decided to buyback . So, stop making blanket statements about developers. It just makes you look amateurish. EVERYONE is out for your cash.

tetsu
post Mar 21 2019, 05:29 PM

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QUOTE(pinkdm @ Mar 21 2019, 04:41 PM)
Hi, chk out latest remarks & comments by "PROPCAFE™ 360 degree View: The Fennels @ Sentul East" !?

especially the Negative parts ! laugh.gif

- "sky deck is quite bare. "
- "One of the blocks will have one side facing KL city skyline. However there is no wow factor as the view is partially blocked by The Capers."
- "Unit Selection is very important as it will determine how much monies spent on the unproductive space such as large foyer"
    For example for dual keys despite the built up is >1500sqft, the foyer is easily 200-300sqft taking up the valuable space (and money as well).
- "However the main concern is the living, dining and pantry area which is quite small. - for the 3 bedrooms, 1186sqft type layout" ;
    - "The wet kitchen is dark and crampy"

- "the dusty and rusty railing along the corridor"
- "This is the access door leading to facilities deck. Looks like a loading bay area" ....etc..
propcafe-360-degree-view-the-fennels-sentul-east/
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Hahaha..people need to look at the photos on Propcafe and visit the place to decide for themselves.

Small wet kitchen sucks for type A, which is why I hacked the wall. Just put in a 6ft dining table for 6-8 people + 10.5ft 3+L sofa(arriving next monday).

Only dual key owners paid for the foyer. Other type owners did not.

-

QUOTE
- "This is the access door leading to facilities deck. Looks like a loading bay area"


Incorrect photo used as that IS THE LOADING BAY. The access door on the facilities deck is on level 5, shows the block alphabet(A,B,C,D), not floor number.

QUOTE
In PROPCAFE’s opinion the the facilities deck is the most impressive of The Fennels. Two olympic length infinity pools, 5 star management office,   chilling lounge, decent gym size for 900 plus units and pockets of space for residents.


This post has been edited by tetsu: Mar 21 2019, 05:32 PM
tetsu
post Jun 18 2019, 09:16 PM

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QUOTE(brianccg @ Jun 18 2019, 01:00 PM)
actually build up is around 1000sqft. the kitchen will make you cry.....
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QUOTE(Bjorn1688 @ Jun 18 2019, 03:22 PM)
There tends to be a demand for bigger rooms and more bathrooms in most condos these days, therefore kitchens tend to become smaller especially in smaller built up units.

Supposedly it has something to do with developers surveyed that smaller units tend to be purchased by investors who prioritise bedroom space over kitchen space and larger bedrooms are easier to rent out. Bigger units will have better sized kitchens as supposedly those who buy them are owners who buys for own stay thus they will need bigger kitchens but could tolerate smaller rooms?

I don't like small built ups with too many rooms, find that after they been rented out at the end of tenancy there are too much wear and tear on them.
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As an owner of type A @ The Fennel, this is my "tiny wet+dry kitchen" in the midst of renovation many months ago. Although "tight", still managed to fit a 547l fridge, 14/8kg washer dryer and 6ft dining table for 6-8 ppl.
Didn't even eat into my living space as I have a 10ft+ 4 seater L shape sofa in there and plan to add more wall shelves later on if needed.

user posted image

The Fennel isn't perfect, but at 1200 sqft-ish, tough to find a better layout with 3 bedroom, all with attached bathrooms with glass shower doors. The master bedroom is one of the largest for any units this size and there's no weird shapes and angles(where room/bathroom doors are facing the bed), for all bedrooms. Every space is rectangular and easier to plan for.

"Small" kitchen is hardly a dealbreaker wink.gif







tetsu
post Jun 19 2019, 11:45 PM

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QUOTE(coolguy99 @ Jun 18 2019, 10:02 PM)
Very nice design.  smile.gif
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QUOTE(SongSongLai @ Jun 19 2019, 01:22 AM)
Nice reno! Dream house for many ppl!
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QUOTE(Mijac @ Jun 19 2019, 07:26 AM)
Nice reno!
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Thanks! Appreciate it! rclxms.gif

QUOTE(Bjorn1688 @ Jun 19 2019, 12:16 AM)
Looks like single person operation kitchen? Does not appear 2 can work in there at the same time.

I do like that every room is an ensuite bathroom and the master bedroom is off a generous size.

Guess you can't have everything at this price bracket.
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Haven't done a wet kitchen 'stress test" since we hardly cook but at bare minimum, one can cook while the other does laundry at the same time since both panels of my sliding door are movable. Not denying the space is tight, but no one will feel claustrophobic or stuffy, cooking in there. At 1200ish sqft, I rather have bigger rooms since that's where we spend most of our time at home. biggrin.gif


tetsu
post Jun 20 2019, 07:56 PM

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QUOTE(johnrck99 @ Jun 20 2019, 08:39 AM)
Nice ID.

Your "small" kitchen looks functional. it has everything that you mentioned and it fulfilled the criteria of triangle design. I think the worst layout is type C. the kitchen is really small. It was the best layout for invesment last time but turn out to be the worst.
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Thanks biggrin.gif . Without an ID, it definitely took some thought to improve the kitchen space.



QUOTE(infiniti123 @ Jun 20 2019, 12:41 PM)
look good!!! i have a 2 bedroom unit and this is my layout. kitchen wise, comfortable for 1 person cooking.

user posted image
user posted image
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Very nice & cosy looking rclxms.gif . Glad to see more owner+own stayers here.

Pic of my living room when my sofa arrived blink.gif

user posted image
tetsu
post Jun 21 2019, 08:53 PM

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QUOTE(Mijac @ Jun 20 2019, 08:02 PM)
Cozy sofa. Mind sharing where you get it?
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Got it from Kinsen sweat.gif


QUOTE(trust4you @ Jun 21 2019, 08:04 AM)
[attachmentid=10267586][attachmentid=10267587]
Alot indian tenant and other foreigner tenent moving in here orealdi.
Those who buy ownstay, good for u, vut for investor,

Owner buy so expensive but market soft, expect to bleed at least 50% which is more than 1k for this.
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I'm not sure where this is coming from.
My floor is mostly Chinese own stayers, maybe cause of the number. Only 1 of 7 units on my floor, still vacant.
Around the facilities floor, mostly Chinese and foreigners hanging around and going to gym.
On Instagram, mostly Malays tagging Fennel.
All owners I bump into and chat with, at the Fennel are Chinese that are used to staying around this area.
All except 1 JMC member are Chinese and are own stayers. Most owners are also Chinese. rolleyes.gif
Sure, I bump into Indians once in a while, taking the lift.
Fairly diverse local and foreign tenants, and if there's a majority race here, I'd say it would be Chinese based on my own experience here. hmm.gif

I'd say rental is fairly average for the standard type A/C 1200 sqft unit that was launched from Rm 6XX,000 for the first phase.

user posted image
tetsu
post Jun 24 2019, 07:11 PM

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QUOTE(BeastB @ Jun 24 2019, 08:55 AM)
Hahhaha those ads are all dreamers.....owners who are still in fantasy land. Good luck getting those rented out. Agents told me the range for 1186/12xx sqft is 2300-2700 and showed me 2 units back in May for rental/purchase. Both owners open for rental OR sale. Tells you something doesn't it. 1 was empty for 2 months, the furnishing was nice and move in suitcase condition. Asking RM2400. Another was minimum furnishings which developer had installed, asking RM2200.

Showing these 3 ads asking for unrealistic prices doesn't fool anyone, sorry.
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Believe what you want to believe lol.

Those ads are still put up by agents. If agents don't believe in those prices, they're not gonna waste their time, money and effort putting up those ads, since they're commission based.

To rent an unfurnished unit at 2.2k/month will cost much more than to rent a fully furnished unit at 3k/month over 12 months.

Owners in our group have leased their units for 3-3.5k/month since last year.

The older, much less pretty, Titiwangsa Sentral just one LRT stop away is RM 2.6K-3K+ a month f/f, based on my own unit and various agents there.

So 3-3.5k for a well furnished unit isn't beyond belief.

Any unit in any development is open for rental or sale if the price is right lol..

There's always going to be desperate owners, that's not representative of all owners at every development.

As usual, "low is real, high is fake" because it fits your narrative. doh.gif

tetsu
post Jun 25 2019, 10:37 AM

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Joined: Jan 2003


QUOTE(BeastB @ Jun 25 2019, 09:22 AM)
Agents will advertise what the owner expects/wants. And advertisements on mudah/iprop do not cost much if anything at all - iprop agents share licenses and senior negotiators get free licenses from the agencies. So don't worry about them spending on these ads. And dont forget if the ad is up, it means it's still waiting for tenants. I can put my 500k property up in mudah now for 1mill, doesn't mean that is the market price.  biggrin.gif

Owners in your group have leased which units for 3-3.5k? All very vague. 1 unit? 2 units?

My point is the average market price which was said to my face by few agents who specialize in the area is 2200 - 2700. You are an owner who is trying to comfort himself by imagining a much higher rental rate - even though you are staying in your unit. Why do you care about rental rate if you told me before that it is for "own stay"? Even if rental rate is 1k per month it shouldn't affect you right?

Funny you have to post some misleading ads to others here when that isn't even the market rate of the condo. You trying to lie to yourself or others? Pick one lol
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Hahaha..agents advertise what owner wants? If every agent does that, then they'll be busy wasting their time on the whims and wishes of every owner for nothing. Doubt it, knowing they're commission based. You're not an agent, so of course you're free to do whatever with your free time.

Why would I ask the number of units when I'm not even in the market to lease my unit out?

Rental rate doesn't affect ownstayers like me, which is why I'm more neutral when it comes to rental around this area since I also own investment properties near by.

Re-read my previous post and understand what you're saying doesn't make sense.

The problem is you choose to ignore actual facts of the rental, rather believe the agents you want to believe and spread misinformation.

Like I said previously, "low is real, high is fake" lol..Misleading if several agents posted 3k+ ads, but you'll happily agree if rental is sub 2k.

You don't know the market rate.

What do you own that's within 10km of KLCC? You haven't bought any property for almost 10 years now..

Last but not least, why would you look to buy a unit at Fennel, if in your own words take 10-15 years to ROI?lol

This post has been edited by tetsu: Jun 25 2019, 10:51 AM

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