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

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xlss
post Mar 18 2021, 10:39 AM

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QUOTE(Windzneom @ Mar 17 2021, 11:48 PM)
Any tenant group here? so that can get some info about the residence. haha
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competition to you ZResidence ... lolx
xlss
post Aug 3 2021, 12:32 PM

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QUOTE(sycubezz @ Aug 3 2021, 08:52 AM)
Any idea when is the VP?
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VP should have been delayed by the recent MCO. the developer office was already packing Park 2 keys into the pouch back in May
xlss
post Aug 20 2021, 12:25 PM

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QUOTE(surf-it @ Aug 11 2021, 11:54 AM)
yeah I quite upset with the guardhouse also, hope they improve on it
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improving on it means? cannot expect it to be even close to Park 1 due to the substantial difference in size icon_idea.gif
xlss
post Sep 6 2021, 12:26 PM

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QUOTE(Cybernut @ Sep 5 2021, 05:17 PM)
Anyone have unit to let go please pm me... Cash buy. Thanks
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Park 1 should be a better product. Much bigger facilities and scale. Convenience wise, I personally think Park 1 is also good because it has easier access to all the signature shops. It is also much closer to Aurora Mall compared to Park 2
xlss
post Oct 11 2021, 12:09 AM

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QUOTE(holypredator @ Oct 10 2021, 12:47 AM)
Positive part is ... you can access to the mall, shops and park easily...

Couple of schools nearby.... no uni nearby and no hospital nearby...

Definitely not prime area though...

Other than that.... bukit jalil area is very congested... with the mall.. I think it would get worse...

but then again... since the pandemic.. things might change... a lot of WFH arrangement now.... traffic might be better.... or if you WFH then it would help too...
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this comment alone shows that you are one of those kurang pandai keyboard property guru rclxm9.gif
xlss
post Oct 11 2021, 12:38 AM

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QUOTE(holypredator @ Oct 11 2021, 12:13 AM)
just my 2 cents...

you don't have to accept it if it doesn't fit your narrative...

but everyone who've frequently travel around BJ area knows the traffic there,...
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there's IMU and APU. IMU Hopsital is at a very advanced stage of construction and should be completing in the near future. Maybe there's a remote possibility of a medical centre of some sort across in Wellness
xlss
post Oct 11 2021, 12:38 PM

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QUOTE(holypredator @ Oct 11 2021, 12:13 AM)
just my 2 cents...

you don't have to accept it if it doesn't fit your narrative...

but everyone who've frequently travel around BJ area knows the traffic there,...
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furthermore, your *Bukit Jalil area very congested* is not entirely true also. I assume you are referring to the traffic?

To be honest, congestion is caused by the traffic light at Jalil Perkasa. Apart from this, your alleged congestion does not fit into any other context. Even if there is an event at the stadium the congestion usually does not spill over to the Park that area.

Shops, restaurants & or even the park is far from being anything close to congested in my opinion. In comparison, Sri Petaling which is just a stone throw away is way way more congested be it the car traffic or human footfall etc
xlss
post Nov 9 2021, 12:20 PM

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QUOTE(holypredator @ Nov 5 2021, 02:24 AM)
Seeing that many people commented about how the projects there are on the luxury line or at least affordable luxury... highly doubt people living in such SA would want to go to university hospital... or uni like APU...
Bukit jalil congestion is way worse.... that is one of the negative reason for me based on my experience travelling through that area.... but hey... things could change you know...traffic there may have changed after MCO..
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sorry but i have to ask...do you have any idea what courses APU is offering? On the congestion part, from your comment it seems rather obvious you are not residing in bukit jalil area sweat.gif
xlss
post Nov 19 2021, 01:04 PM

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QUOTE(sycubezz @ Nov 19 2021, 10:05 AM)
user posted image
user posted image
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it definitely look inferior compared to Park Sky 1
xlss
post Nov 20 2021, 10:44 AM

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QUOTE(Bullorbear @ Nov 20 2021, 02:33 AM)
Both are rather similar, but if you really want to compare both, I believe Park sky is slightly more inferior interms of the façade and common area.

Park Sky is slightly inferior to me where the entrance design looks 2nd grade, the only upside for park sky is just that has a bigger space (I know how important this is), and that's all. Once you get into Parksky the drive way just looks bad with the subpar water features (so called waterfall).

Lobby itself is similar however it's way more narrow in Park sky vs Park 2. Although not particularly important, but Park 2 has more attention to details in terms of signage, facade, marble columns, and etc which give it slightly more of a premium feels.
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particular emphasis was placed on the gym rclxm9.gif ... park 1 has an aweseome gym. But yeah, the driveway sucks
xlss
post Dec 7 2021, 01:20 PM

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once the mall achieve a healthy occupancy in the coming 2 years, the occupancy in aurora mall will also go up naturally. shoplot in aurora facing the mall have pick up its occupancy in the past 2-3 months. the rest are bound to filled up eventually, its just a matter of time.

if one is to take into account the entire plot of land, the mall + aurora + signature shops, you are looking at a very sizeable retail component.



This post has been edited by xlss: Dec 7 2021, 01:21 PM
xlss
post Dec 8 2021, 12:29 AM

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QUOTE(icemanfx @ Dec 7 2021, 10:29 PM)
how long would that be?
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741 days 9 hours 3 minutes and 59 seconds. brillant question deserves a brilliant answer thumbup.gif


xlss
post Jan 29 2022, 10:57 PM

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QUOTE(AskarPerang @ Jan 29 2022, 10:22 PM)
Sifu converted into room rentals game.
Is the current trend it seems.
Everywhere also doing the same.

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his calculation is for syok sendiri only. RM680k after partition the living room immediately appreciate RM100k. What kinda ajaran sesat is this, A full fledge master bedroom commands a different rental. Tenant who is going to pay the rental he is demanding will need a carpark. His unit only comes with 1 car park and the carpark rental there is anything but cheap. There are so many things which do not add up. Commoners, don't simply follow. Follow blindly, you die already also dont know what happen.

This is the worst property to do room rental basis because the entry price and maintenance charges are too high. Not every property is suitable to be converted into room rental Dato Sri

This post has been edited by xlss: Jan 29 2022, 11:50 PM
xlss
post Jan 31 2022, 01:11 AM

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QUOTE(bigman @ Jan 30 2022, 01:20 PM)
Ajaran sesat most of the property agents recommend… simple cos they easy to get commission
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it is just plainly amazing how many people are buying into his crap. if it is really that easy, most people would have been millionaires. Some of his teachings are correct but most of them are not applicable to commoners. Commoners should stop dreaming and stop following blindly


xlss
post Feb 1 2022, 10:03 AM

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QUOTE(tongyk @ Feb 1 2022, 02:02 AM)
set aside his calculation add up partition increase 100k, no doubt the location is superb n premium.

Actually how is he did that ha to convert 1 bathroom to 2 bathrooms? Or the existing house already got 2 bathrooms? why he removed the wc?
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When one buys for investment like him only the ROI matters. A good location doesn't compensate the poor ROI. In his video he mention he got it for RM680k...

Assuming he is on full loan (his style he will not pay deposit) for 30 years max (his age or company tenure). Installment + maintenance give or take +/- RM3000 a month. More than half of room renters out there expect their rental to include some sort of utilities. Another RM100 for internet. Lets say water & electricity tenant bear themselves.

How much he wanna rent to cover his RM3000 installment?

Master - RM1200 (got toiletbowl? got parking?)
Small - RM800? (overly optimistic)
partition - RM800 (optimistic considering how small it is)
lets say carpark rental - RM200 (*ParkSky carpark going between RM250-RM300 a month)

RM3000 max based on full occupancy all year round ...

how to solve carpark issue? tenant pay RM800 for room need to top up another RM200 for carpark end up RM1000 for small room?

he will still be on negative ROI even it he achieve 100% occupancy 365 days....

really need dato sri to enlighten me here

This post has been edited by xlss: Feb 1 2022, 10:08 AM
xlss
post Feb 1 2022, 12:45 PM

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QUOTE(razerlxz @ Feb 1 2022, 12:34 PM)
Everyone here ROI. Rich ppl can be for other purpose such as to launder money too. While retaining asset value. Malaysia boleh guys. Rich man driving lambo game is diff then us here in lowyat forum typing. Only Kesian is his tou dai that are FOMO and go beyond their means end up in debt. Else nothing wrong here
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it is his commoner students, ask them dont follow blindly. his commoner students not him in a different league. dont simply follow

xlss
post Feb 1 2022, 08:31 PM

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QUOTE(tongyk @ Feb 1 2022, 07:12 PM)
It's an upper market play, I think not so suitable for room rental strategy with reno cost + furnishing cost.

Target market is diff but if it's fully occupied, then at least can set off interest charge while retaining capital.

His target market shud be those who wanna spend little to live in premier property.

normal roi cannot compare with this sifu roi, he has the cash flow on holding properties while not so many investors have that amount of cash cover on -ve yield.

but i believe msia property is still cheap enuf compare with other countries. don't be surprised 1 day in future he can win on capital gain.
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the point has always been...his unfortunate students buy into his ajaran sesat, follow him buy, follow him renovate and expect room rental to be able to cover monthly instalment. Even if occupancy hits 100% 365 days, merely getting enough to cover loan instalment does not automatically translates into positive cashflow. There are still maintenance charges, quit rent, assessement, insurances, utilities & ordinary wear and tear that is unavoidable. tenant going for premium room like his will have higher expectation, water filter is a cost, servicing aircond is a cost, common area cleaning is a cost, from time to time replace this replace that is also a cost.

the point is he can do it because he has a team, cash and resources. 99.99% of his students wont have all the resources he has. Student A can have all the money in the world but no resources. Student B might have knowledge but no money. The list goes on. He gets his students to duplicate his strategy, follow his reno, once unit has been furnished up, ask him students pass over the units to him to do rental and he takes a cut from the rental.

in summary, layman term = student use the cash//dsr + take cash fully furnish the unit + take all the risk - a chunk of the rental return. He wins no matter how, the unfortunate one will always be his students


xlss
post Feb 5 2022, 11:16 PM

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QUOTE(e-lite @ Feb 3 2022, 12:42 PM)
Add another 10-20% rental amount on your pessimistic rental rates. I think Master at least can rent RM1600; RM1000 x 2 for the smaller rooms.

Bukit Jalil room rental rates much higher.

But so much work just to buy poorperty. I would just buy reits instead
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in the cold real world...it doesnt work like that. Certain types of property command higher rental as one whole unit compare to room rental basis. For this particular project, converting it into room rental is just a bad bad bad idea. Asking a tenant to pay RM1000 for such a small room, it will definitely be super challenging. Usually, room renter are budget-conscious type of tenant, a difference of 20% in rent is substantial in this market segment

This post has been edited by xlss: Feb 5 2022, 11:17 PM
xlss
post Aug 6 2022, 06:32 PM

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selling my dual key unit in The Park Sky (1). high floor. PM if interested. NO agent. NO agent. NO agent !
xlss
post Aug 6 2022, 10:05 PM

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QUOTE(holypredator @ Aug 6 2022, 08:15 PM)
Neither are luxury...

Luxury projects do not have such high density...

Also... 800+ psf is luxury??? then those 1k++ psf are what?? even Lot 15 and Atwater are more expensive than the Park 2 or Park Sky Residence if you talk about price per square feet...

Setia Sky Seputeh where cheapest unit starts at RM2mil is what level??

Those 3-4k+ psf like Pavilion residences in KL or those KLCC area projects are what level??
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Mercedes is wrong claiming itself to be a luxury carmaker...so is bmw, jaguar, audi, range rover etc. because there are Porsche, bentley, rolls etc. Get a life man

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