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Investment KUCHAI EAST @ KUCHAI LAMA, The tallest Residential Block in Kuchai

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daniuwang
post Jun 7 2017, 02:17 PM

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I heard some bad reviews on the developer Seri Mutiara Sdn Bhd. Anyone can confirm it?
daniuwang
post Jun 19 2017, 01:37 PM

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QUOTE(imsolifeless @ Jun 9 2017, 09:51 AM)
Add on tips to consider when loan approved and invited to select unit:
De tropicana - 16 storeys (if face De Tropicana, for non blocking view, take 18 onwards to be safe)
Kuchai Avenue - 26 storeys (relatively further and less impact as units still face facilities, but nevertheless u can take 28 onwards if totally non blocked view)

Break tank floor: 16 , 34
M&E: 47, 48
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For type C2 units (i.e. 1,066 sf), what is the view? Is it facing KLCC?
daniuwang
post Jul 20 2017, 03:44 PM

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How come nobody discuss about the largest Type C2 Unit (1,066 sf), which is only available one on each floor?

Any feedback on these units besides it facing the MEX Expressway?
daniuwang
post Aug 24 2017, 09:12 AM

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Has anyone signed the Letter of Offer from any bank? Has anyone 'chicken-out' from the purchase? I am having second thoughts about the high price and the viability of this property. RM600psf is quite high. The place is super congested as the roads are small. Furthermore the access road is shared with customers of NSK.

What do you guys think? Please share.
daniuwang
post Aug 29 2017, 10:35 AM

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Hi guys,

Since NSK is directly opposite this Kuchai East, will there be a typical market bad smell (e.g. fish, rubbish, meat slaughtering smell etc.)?

In addition, since the exit is near the traffic lights, Is there a chance that the morning jam will already start from the carpark to main road?
daniuwang
post Aug 30 2017, 10:18 AM

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QUOTE(aaron1717 @ Aug 30 2017, 09:21 AM)
sixth toe massage.....  laugh.gif  laugh.gif but yea... freehold and the density with such pricing.... rental wise... the more this kind of activities the merrier your condo would be.... own stay tak boleh la....
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As I understand, most of the purchasers that turned up on sales day were young families looking for own stay.

Are we expecting lots of 'dodgy' tenants? Own stay really tak boleh ah? This condo is not low end le. Its quite mid-high end (no insult intended), I expect tenants to be more "atas", no? Or have I gotten the wrong impression?


daniuwang
post Sep 4 2017, 11:36 AM

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QUOTE(zhi1437 @ Aug 31 2017, 04:31 PM)
Official launching date for Kuchai East will be falling on 23/9/2017.
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Citizen 2 was soft launched since end 2016 and was only officially launched recently. Maybe sales was not as great as
expected. Hence developer delay the launch. Now those who sign SPA for Citizen 2 will be given free Jusco voucher also.

I think Kuchai East also will be the same. It might not be officially launched till Jan 2018. Then developer will throw in freebies to entice buyers to quickly sign SPA. All developer practice same strategy now.

Hmmm.....if we delay the signing and developer cant sell fast, will developer give more discount on property? Lol...
daniuwang
post Sep 6 2017, 10:08 AM

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QUOTE(soonx @ Sep 5 2017, 05:33 PM)
[attachmentid=9102736] 4-Sep-2017
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Wow, thanks for the picture.

The land looks quite small for a 500+ unit condo. I have a feeling the jam will start from car park to traffic light. Oh dear oh dear.
daniuwang
post Sep 7 2017, 12:25 PM

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QUOTE(Quang1819 @ Sep 5 2017, 08:08 PM)
Freaking nice low density
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Is this sarcasm? Or you really mean it? Actually how is low dense and high dense being defined? Plot ratio? Or <250 units means low dense, anything more means high dense?
daniuwang
post Feb 26 2018, 05:43 PM

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I paid the RM5K booking fee and decided not to proceed with the purchase. I would like to share my thoughts on this development (note: these are just my opinion and I do not intend to mock or belittle those who have already bought a unit):

1) Kuchai East are for those who are familiar with the OKR and Kuchai Lama area.
2) Those who are not familiar with OKR and K. Lama will find the congestion very stressful.
3) Please do not have the perception that you are able to buy and immediately sell upon completion. The price will not move upwards. At least not in the next 5-8 years. Reason being OKR/K.Lama is a very matured area. There is no potential factors to boost the property prices except for the new MRT.
4) Please be realistic with the rental yield. The pink condo next to Kuchai East is currently renting out at RM1K a month. Although the 'experts' tells you that you are able to rent it at RM2.2K/month, the best you can rent out is RM1.8K (assuming premium renovation). If you plan to rent it as bare condition or force fit with IKEA furniture, my best estimate is that rental yield will not exceed RM1.3K. To prove my point, you can take a walk to commercial area of Kuchai Lama. Look at the demographics and patrons and ask yourself how many of them are willing to pay RM2K as monthly rental.
5) Believe it or not, there are many vacant units in OKR and K.Lama. Citizen 1, 2, Southbank, Seringin, Petalz etc. These are properties which are completed. Many of the buyers bought for investments and are now waiting to sell when the market recovers. So if you plan to buy to flip, please get in line.
6) The two sell points of Kuchai East is the new MRT station and Bandar Malaysia. Try taking a walk from Kuchai East site to the new MRT station (now Ajinomoto plant). You will be walking through a street of foreign workers' residences which I don't mind, but will not be appealing to many Malaysians in general. Imagine if you want your wife, fiance, gf, mistress, daughter etc walking from MRT to home everyday. You will be emotionally stressed worrying over their safety.
On Bandar Malaysia, my take is that it will just be another commercial district. KLCC will still be the central of KL. Hence there is no need to jump into the big hype.
7) To those who desperately want to buy Kuchai East, I believe they are long time OKR/K.Lama folks. I also believe they are buying for the intention to stay long term and not for investment purposes. I agree they should buy because I would pay for familiarity and be near to family.
8) To those who are not desperate and just shopping around, you may want to reconsider your purchase. You may also consider secondary market properties. Believe it or not, property prices have been falling since 2016.

Just to share:
After turning down Kuchai East, I bought a condo near Tropicana City Mall, SS2 PJ, for about RM570 psf, which is lower than Kuchai East. My point is, there are more supply than demand for properties now. I basically login to iproperties, called the agent, inspected the place, slashed the published price by 25%, and made the offer (of course they rejected my first offer but after I gave them some take-it-or-leave-it drama, we settled for a 20% slash. You get my point). Everyone is desperate to sell now. Bank Negara just revise the interest rate upwards by 25bps in February 2018. Many more will be desperate to sell.

It's a buyers market now. Good luck.

 

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