is already crashing on M vertica, a 600k property is renting at about 1700, partly furnish of course

I’m pretty certain that the sale price will settle down to rm 500 per sq ft

Over 3k units to choose from.

I’m actually surprised that it can still fetch such rental

Need to filter the house rental by location, facilities, amenities & etc. Over supply or high dense doesn't mean rental will be cheap. But 1700 for m vertica whole unit rental doesn't mean it a good roi project, there are still a lot treasure at sub sale, auction and some new development outskirt area perform better than m vertica.

This post has been edited by Aldo-Kirosu: Dec 3 2022, 06:25 PM

it cant go lower than rumahwip rental otherwise it defies the nature of free market lol

They'll have to compete with Pitta Residence which has good facilities as well though 🤔

I guess each one has their own strategy. But for me as an owner of stratified properties - I’ll stay away from any development which is very dense I.e more than 600 units.

3k units in M vertica - that’s like a small village.

Definitely a renters market.

One has to go in at a very low entry price - max circa Rm 300 per sq ft for any meaningful returns.

That’s my view and I could be wrong

Let’s see where the market takes us

I’m looking at rm 1.2k for bare unit

Doubt you can get 300 psf in KV nowadays unless it’s rumahwip or very old.

Perhaps so but I’m talking about meaningful ROI.

Better park money in FD if can’t get 4% returns from prop

facilities definitely won't comparable to M vertica

density is different thing tho haha

then you have to go outside of KL already, even if got it depends on your budget, easily 1k psf

And one can get 4.5% in fd now.

Yup

Even FD rates in Sg is so good now

Given if you have already RM1M in the bank

Best newcomer in the auction market.

Will this end up like sister project squarenowhere?

Have confidence in Cheras

SDB is fast becoming the purveyor of very high quality auction units. Feel sorry for their fans.

30-50% wealth loss in their recent VP projects.

This post has been edited by Cavatzu: Jan 3 2023, 08:43 AM

Speaking as one of their fans, this is a really sad state of affairs tbh. Unfortunately it has been a recurring theme starting from WOTP, followed by Sqwhere and now UNA where pricing and location is severely mismatched...

The link bridge of velocity 2 is just next to una. But I don’t think residents from una can use it


This is the staircase for residents to use in order to get to sunway velocity mall. Not sure if this is suitable for elderly to use


The mall is just across the street, but no pedestrian bridge and the nearest traffic light for crossing is about 100 meters away. But I see people just walk across


Most shops facing outside is still closed. There is a Chinese hotpot shop opening soon. And another corner shop renovating, looks like a bar


The drop off area, got a few more shops, grocery, office, una management office, Five Senses reception (short term leasing company) and toilet

the ramp towards parking is not as bad as some described, not really narrow for KL building standard

I don’t really see residents here, just some tourists.
I wonder this is a good place for own stay.
Please let me know as I might want to get a unit here for my elderly parents.