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> Walking distance condo for upcoming MRT 2 Line, Less than 500meters walking distance

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chicaman
post May 18 2016, 08:01 PM

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Jalan Ipoh

Missed out Villa Mutiara Service Apartment, the station is directly infront of Kompleks Mutiara. Definitely offices and the retail will benefit from this property
chicaman
post May 18 2016, 08:07 PM

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QUOTE(GamersFamilia @ May 18 2016, 08:06 PM)
got people like that mehh , 5 mins walk also lazy , even me fat guy can walk 20 to 30 mins without problem  laugh.gif
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With the current weather, 30 minutes of walk, you will be sweating like mad tongue.gif
chicaman
post May 18 2016, 11:20 PM

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S11 Jalan Ipoh
Villa Mutiara Service Apartment? Or this list is only for Condo?
chicaman
post Aug 14 2017, 11:56 PM

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QUOTE(lfwah @ Aug 14 2017, 05:11 PM)
How old is this property ?
How does it fare compared to newer properties which are also walking distance to the MRT ?
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20 Years Old, Sub Sale fetching around 400-450psf.

QUOTE(Ckmwpy0370 @ Aug 14 2017, 05:25 PM)
The MRT station quite near towards The Pano condo NOT in front of Muatira Kompleks
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As mentioned by AskarPerang, definitely is IN FRONT

QUOTE(AskarPerang @ Aug 14 2017, 07:15 PM)
The MRT station is right in front of Kompleks Mutiara. Elevated station in between the road.
Refer: http://www.mymrt.com.my/download/reports/vol2/01Northern.pdf
Last page.
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Yes, this station will be the transition of Elevation to Underground.

QUOTE(Ckmwpy0370 @ Aug 14 2017, 08:14 PM)
I see.
tx
if not mistaken there is one more station near towards Pano site/Rivercity
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Pano nearest is Mutiara Kompleks Station, RiverCity should be nearer to the one at Viva Residency.

Viva Residency and Villa Mutiara is the one DIRECTLY benefitted from MRT. No brainer.

Pano is just trying to use MRT as catalyst, too high entry price. Trying too hard with all kind of promos
chicaman
post Aug 15 2017, 11:11 AM

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QUOTE(lfwah @ Aug 15 2017, 09:49 AM)
Mutiara Kompleks can be  compared to newer developments ie Pano,Rica, Court 28 ...?
it's like comparing apple to orange, yes fruit, but totally different kind of fruit.
i think in future, potential buyers/tenants would definitely choose newer developments to stay in,
newer buildings, betters facilities & services.
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Do you know Pano, Rica, Court 28 Entry Price and their Size? How much rental can they fetch in future vs installment? All these new development is asking 600-650psf and not directly linked to MRT. The rental definitely will be 20-25% higher than older development hence, the affordability market has been further reduced.

As opposed to Subsale Units like Mutiara Kompleks, iProperty could find RM400k for 900sqft which around 440psf. Assuming 90% loan, the monthly installment work about RM1650, once MRT is ready. I Believe the rental could fetch RM1800-2000 easily furnished. Of course if you can find cheaper units, that would be better. That would be a passive or break even income if including maintenance. New development can't even break even the rental vs installment.

Look at Fennel and Capers which is near to KTM, LRT, and future MRT. How is the performance, even latest block launch of Fennel price has been REDUCED compare to 3 Years ago. The early adopter is cursing now.

QUOTE(BEANCOUNTER @ Aug 15 2017, 10:43 AM)
what they cant fight with newish factor, they can fight you with asking rent.

not all tenants are looking for newish factor. Ultimately they are more concern about rental.
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The keyword is affordability. Tenant dont usually look at facilities, accessibility and rental rate is more important given the current economy condition. Unless I am the owner and I will emphasize more on facilities. Again, better facilities means higher maintenance, which reduce the ROI for owner that are investing on the property.
chicaman
post Aug 15 2017, 12:11 PM

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QUOTE(planc @ Aug 15 2017, 11:38 AM)
All not cheap anymore after MRT announced , Menara KLH Jalan Ipoh psf from below 300 become 400psf now.. I think all this old building need to refurbish before MRT complete..now look a bit scary
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Viva Residency launched at RM220psf, now asking RM600psf. Completed in 2009.

Nowadays, so long it is a Condominium, anything 1000sqft will hover around 300-400psf, Lucky if can fetch 400-450psf.

For Menara KLH, RM300-400k for MRT walking distance, its fair for the price. Even walk up flat nearby LRT is asking RM200k.

 

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