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Investment PINNACLE SRI PETALING [OWNERS' THREAD], New Height of Iconic Development

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Hanz91
post May 11 2017, 08:59 PM

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Just placed booking ytd for the 694 sf 2r2b unit for RM507k after rebate. Averages out to around RM730 price psf.

Only saw this thread after I got home then only realized I bought at such a high price. If I had known bout this project a month earlier then would've saved so much =(

Location is good at super ong area with a supermarket under your foot. But can anyone tell me the rough estimation of price psf in 4 years time upon VP?
Hanz91
post May 12 2017, 04:16 PM

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QUOTE(ckprop @ May 11 2017, 11:23 PM)
$507k 😱... high floor ? Cause each floor different $2k ..

My is about $638 persqft .. level 20  (after discount)

How it go on 6% increase? Previously got 5% discount
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I'm on 33rd floor. So much price difference sad.gif
Hanz91
post May 13 2017, 07:46 AM

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Am seriously considering to cancel my purchase based on the below points:

1. High Purchase Price, low room for capital appreciation in the future

2. 500k for only 2R2B doesn't seems right, If this is a unit I plan to stay for the rest of my life or long term then its ok. But since its only 2R2B i believe once I get married and have kids I'm gonna have to shift to a bigger unit. And it's gonna be difficult to sell off the unit at such a high price with the possibility of no profit and might even incur losses due to the interest I have paid over the years.

3. Only 1 carpark and its at lvl 9, entrance goes to lvl 3 straight, still gotta turn up 6 floors to my carpark

4. Balcony facing directly west which will be hot in the evening and I believe most ppl don't like getting a west facing unit.

Any sifus able to provide any suggestion? It's my first property so still very inexperience. Appreciate your opinion in this.

This post has been edited by Hanz91: May 13 2017, 08:14 AM
Hanz91
post May 14 2017, 07:48 AM

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Thanks all for the opinion, what about in terms of investment wise?

Since I had bought the unit at this price, I believe the subsale value for those that bought before me should be raised to be almost the same with mine around 480-510k.

Do you think 2R2B 694sqft can go up to 550k to 600k upon VP in 2021? Fully furnished unit rental can fetch around 1.8k to 2k?

 

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