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Investment THE PARK 2 @ PAVILION BUKIT JALIL [OWNERS' THREAD], Malton to launch Final Phase of BJC

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Lowtan
post Oct 15 2016, 01:23 PM

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Placed a booking for Park 2 last week.
smallest unit.
like the location, the whole integrated development huge reputable mall in front and lush greenery park behind.
my only concern is how much i have to top up for installment from my rental..
Lowtan
post Oct 15 2016, 10:30 PM

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QUOTE(bigman @ Oct 15 2016, 02:38 PM)
Sorry to say that, BJ properties are not for rental play.... unless u already bought unit before booming time...
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i am holding it for mid term at least. i believe Park 2 is a notch above and not competing with other mass market project in BJ. If cost is an issue, i would have chosen Havre or Earth, which may have better yield (or is it), but then again its a mass market product. People may argue Park have thousand of unit, but this is a fraction of tens of thousand available in BJ. Park 2.

and in BJ there is no integrated development of such scale. and well the brand carry some weight too.

basically many property that i had survey may not return the rental-can-covered-installment for newly launched project.

i am looking for a balance between yield vs mid term potential vs quality of project vs quality of tenant kinda of project and not mass market.
Lowtan
post Oct 16 2016, 07:14 AM

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QUOTE(wltw87 @ Oct 16 2016, 12:48 AM)
woah.. thats quite pricey even after rebates.
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there's a premium you have to pay for this project due to the reason I mentioned in my earlier post.
To be fair, Twin Arkz is already selling now at about sub RM 900psf (from iprop), where its location is not as ideal. Yeah they are completed and what you see is what u get, but hey secondary market also mean higher entry. Skyluxe is selling RM 750 - 800 psf. I am not saying Park 2 is cheap, but if I compare the 2 projects, I think Park 2 pricing is not over the top, considering that this is an integrated development by a branded developer.

if price is an issue, there are other projects nearby such as Havre and Earth, at a huge bargain, few hundred meters away.
Lowtan
post Oct 16 2016, 07:46 AM

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QUOTE(BEANCOUNTER @ Oct 16 2016, 02:07 AM)
They are cashing in the unknown mall.

Havent investors learnt from velocity?
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I believe this mall wouldn't fare too badly looking at its location and the catchment around.
I am analyzing what option we have within say 10-15 km radius, and we have SUnway Pyramid, IOI, IOI City, Alamanda, Mines, SUmmit USJ. And looking at Pavilion, it can attract catchment from Puchong, OKR, Sg Besi, Putra/Cyber, Subang, BJ, Shah Alam. As malls are increasing, hence it is more difficult to get the catchment from other area such as KL, damansara and PJ where they have sizeable mall of their own.

it will need time to take off for sure, just like any other mall.
Lowtan
post Oct 16 2016, 03:30 PM

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QUOTE(Lyforumer16 @ Oct 16 2016, 02:44 PM)
For havre and earth, proximity to high tension cable is a concern
For earth residence, it has a communication tower in front some more.
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in property, price is cheap or expensive for a reason.
good thing not cheap. Cheap thing no good.

whistling.gif

This post has been edited by Lowtan: Oct 16 2016, 04:28 PM
Lowtan
post Oct 17 2016, 10:43 AM

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QUOTE(| KENZO | @ Oct 16 2016, 10:32 PM)
IMHO, both Park 1 n 2 have their reasons to be cheerful as a buyer. I like Park 1 vs Park 2 due to better orientation n easier to choose, as well as more facilities. Park 2 would be better only for huge units's orientation or facing n the special 9 lifts share by 10 units ( T1 ) n 8 ( T2 ). The risk is only being the record price in BJ and only 1 cp for small unit ( or anything below 1k sq ft )

Agree the layout is ntg special and dull, but for me, it's quite practical but, a lot much better than Skyluxe. If to include The Waltz, I think Waltz layout n sizes win by large margin but if really to choose, I go for Park 1 or Park 2 ( big size or uf small size, tower 2 ) while Waltz 1250 sq ft is excellent for reducing absolute price point compare to 1500 sq ft units available.

The Skyluxe, the view is all based on far view n not many units with short distance view except small units, again, directly facing Anjung Hijau. Skyluxe looks great in facade but layout was killed off by the allocation of more sq ft into balconies to save the construction costs. To sell as high end prop, every sq ft size is critical and it would be mass mistake to throw more than 15-20% of the size into balconies to make the rooms very small n fearful tat the high price thrown by a non any completed project developer was due to near Pav 2 or Recreationaal Park as selling point.

Btw, not many units of Park 2 is available, i prefer Park 2 bcz we can directly choose a unit if which level the car parks allocated. Too bad, 1500 sq ft giving 3 cps but some units, 2 of them still tandem.
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To be honest, I like Park 2 (and also Park 1) in comparison to other development such as skyluxe and Waltz.
I am buying at a double premium price. Reason being is that BJC alone is already command a premium price tag compared to others development in BJ. The second premium is because I am buying at almost the last phase of the Park Series, hence one of the highest psf.

But what other development they have in BJ that has such integrated development except Paradigm?
I don't really like paradigm due as the development phase is very much depend on market sentiment, finance of the company with no clear indication of when to build what even though master plan is there. that affect short term investor and probably mid term too. BJC develop the whole almost together hence u know when itwill be completed. thereafter demand depend very much on whether all these are in placed.

also pavilion branding is definitely better than paradigm, even though both are of the same size. people says about jam in BJC. No jam mean no commercial activities. is it a good thing?

the only cons is the missing office and corporate tower in BJC, which is very important for the success of premium lifestyle residence like Park 1 and 2.
Lowtan
post Nov 22 2016, 10:13 PM

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QUOTE(ryan@chua @ Nov 17 2016, 05:17 PM)
Uncle, How old are u ?
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please keep the comment constructive otherwise you guys are just wasting the space and time of everybody.

 

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