Mayb 8 lift for 8units tower 2
I heard tower 1 is 10units served by 9pas lifts plus 1 service lift
Super premium like that

8 lifts per tower is very nice. Good one.

Look like very well design.
Anyone got the indicative psf???

Premium condo in KL only 850psf is considered very good price. Shouldn't miss the chance!

This is a booming project, no doubt. However, after getting info from SA, I would like to bring up few points, firstly, for unit 950sqf is only given one carpark that would be inconvenience for a family now, which at least got 2 cars. Secondly, the park views only given to bigger unit. Any comments?

my 2cent worth. Newbies. Just sharing own thought
1. Project developer is branded/marketed with MALTON / Pavillion. Of course able to gather certain fans crowd.
2. Park 1 and Park 2- total up almost 1700unit plus (excluding the surrounding)
3. Bukit Jalil condo development plus surrounding- easily 5000-8000 poured into market in next 3 years.
4. Market is not sustainable in today Malaysia market. Thanks to the 1st couple.
5. Everyone is aim for flipping or appreciation of the property, buying at future price. But even u sell out after completed/waiting to fully occupied, u are still serve the bank interest, serve the bank, serve the gomen, u have no real earning, only physically paper gain and number.
6. Genuine owner for own stay only 20-30%, I believe.
7. Others all so-called labeled themselves as flipper/investor/higher income group earner, feel proud of themselves when they holding the so-called luxury condo, feel themselves as rich man.
8. with today market and possible sluggish economy in next 2-3 years as predicted, when u got the product ready and every month u have to pay for installment, maintenance fee, bank interest etc etc, and when the property eating into your disposable income and wallet starting to shrink, see whether you feel rich bo...by that time.
9. Of cos everyone also feel that their income will increase with year, 3 years later should be able to match, but is it so easy for salary increment every year? if everyone increase the income, who make the loss then?
10. even if own stay, young couple still OKAY lar...but 800-900sf...with the price tag, gosh...with 1 carpark...haha
If get the larger unit...1.3m price tag, walao...I prefer to stay landed lar (own opinion of cos)

hehe, own opinion lar..thanks for the read up

Agreed . So meaning the whole property market not doable. Please fck those agents, agencies, whoever promoting marketing property . Thanks boss

Probably the most premium condo in Bukit Jalil now is KM1 and The Treez and quick search on Theedge has revealed rental rate is approximately RM2psf. which mean fully furnished 1450sqft is about RM2900 permonth.

Condos in park residences should be commanding premium and assuming 50% premium rate for fully furnished unit, You are getting RM3psf rate which turn out to be less than 5% gross yield.

As investors you have to judge whether 1. Park Residences is able to command such premium against KM1 and 2. whether the gross yield is attractive with 4 years waiting period

My 2 cents.

Mostly agreed with you. According to The sales team, pv2 is focusing on expats. Predicted to have a lots of foreigners to come as a million ringgit property to them is just few hundreds dollars. My question is: how many expat will really wanted to stay in pv2, despite the jam, bj dun even have a international school nearby.

Bukit jalil now already have few luxury condos with golf frontage. What is market research from the sales team illustrate expats concentration in BJ?

for now yes BJ got no international school nearby
But Tzu Chi got 1 big land near lai meng and they are planning to built Tzu Chi international school there
and dont forget MRCB bukit jalil garden city and TPU APM are all planning to expand and built more internation school
Dont forget there is IMU who provide almost all medical field courses and quite a number of foreginer are study there also
for what i feel BJ are lacking Hospital , especially private hospital

Most new project completion rental yield is about 3% to 4% considered good already.

3-4% yield not even enough to cover house loan 4.4%
haven included all the maintainence fees , insurance , tax ... etc

can go Columbia Hospital at Bandar Puteri, Sunway Hospital or Serdang Hospital...quiet near only...

You mean 3-4% gross rental yield for primary market is good from developer and REA perspective?

This is the market reality. Most new completions, rentals cannot cover loan entirely.

Nowadays, buyers/tenants will choose and they have the say of what rates they want. Accept or not, it's up to us.

This post has been edited by accetera: Sep 23 2016, 05:30 PM

Since last few year so many taikors already mentioned bk jalil all development not doable in investment, low roi, only for own stay.
No matter skylaosai
The parksai residence
Rainzsai
LinzSai
Till tday still repeating the same story . Lol

This project same concept as MV - mixed of shopping center, office, etc. I still believe it have investor, tenant, etc.

Considered good? Bad is bad la. 3-4pc is not good and it is bad but market reality is there for us to decide. RE agents dont low ball us always. RE has role to play too to help the market....not always say bad bad bad...n keep low balling even tenant didnt say a thing but immediate RE agents ll tell them low price n squizzzz owners.

I'm saying 3% to 4% is Considered good already at today's market. If you compare to the majority of getting less than 4% today. If any readers who doesn't understand the concept of "relativity", please let me know for me to explain clearer.

I tracked more than 1,000 new property launches in KV with data for the last 5 years or so. Btw I'm an accountant and a property investor myself.

Now investors always think 4% to 5% is the benchmark. But let's be honest. The minute your rental cannot cover your instalment (loan of 4.4++%), then you know you are already not getting that level of returns. Simple as that.



This post has been edited by accetera: Sep 24 2016, 12:21 AM