QUOTE(cash flow investor @ Jul 14 2019, 09:23 PM)
Bloomsvale :
» Click to show Spoiler - click again to hide... «
Summary from what I analyst
Main Point : 66 storeys
(should be highest residential tower in Malaysia)
Total unit : 550*2Towers = 1'100 units
Corporate Tower with around 270+ rooms for Hotel operator: Courtyard by Marriott for 10years Contract.
Price (after Disc etc) about 750-780/sqft
Fully furnished with Home appliances
-meaning the actual partial furnished -
if minus out all those furniture Home appliances and workmanship cost that given. selling price should be around 500K or below per sqft for (year 2019 July)
» Click to show Spoiler - click again to hide... «
Land area around 5+acres for 4-5 storey of shopping mall will be manage by KP Group
KP Group HQ will move in to corporate tower
Avelator company will set up office in corporate tower
Due to property market now stagnant and not that active.. this project will be a Great one to consider. As 750+- / sqft was the price for partial furnished for those projects that consider great one in Jalan Puchong/ OKR/ Happy Garden/ Kuchai etc back to 3-4 years ago.
Bloomsvale target to be completed by year 2023(Meaning around 7-8years gap for those project launched few years back, but selling price per sqft not much different). Meaning KP in actual are selling reasonable price for the early bird buyer. As I aware this project just started on sales not more than two months.
Conclusion: Good Buy for mid-long hold for investment or If you are looking for a Good lifestyle living, As worst come to worst you still owning unit that come with fully furnished and location in Jalan Puchong (depends how familiar and how much you like to stay at this area; personally Jalan Puchong just next to OUG, PJ connect to OKR. Is a strategy location for those working in KL/PJ.
(As I don't agree to flip in short due to market slowdown and too many government programs campaigns offer for new home buyer.)
Great analysis!
RM 750 psf - RM 500 psf = RM 250 psf difference.
For 660 sf unit, it would turn up 660 sf x RM 250 = RM 165,000 value difference.
I have done simple calculation below and the sum is difference from RM 165k, any sifu can help out?
Item (Source) Median PriceKitchen cabinet (guesstimate) 5000
Microwave (simple google) 250
Fridge (simple google) 1100
Induction hood & hob (simple google) 2500
Washer dryer 2 in 1 (simple google) 2000
Shower screeen (guesstimate) 1200
Water heater tank (guesstimate) 1000
Mirror (guesstimate) 300
TV 49" (guesstimate) 1300
TV console (simple google) 900
Sofa (guesstimate) 2000
Coffee table (simple google) 150
Dining table & chair (simple google) 1500
Bed set - Queen (guesstimate) 3500
Bed set - Single King (guesstimate) 2500
Bedlinen with pillow (for 2 rooms) (guesstimate) 700
Adequate light for whole unit (guesstimate) 2500
Air-cond x3 (simple google) 3000
Wardrobe x2 (guesstimate) 5000
Smart home features (guesstimate) 2000
Curtain and blind (guesstimate) 4500
Electric kettle (simple google) 80
Iron & iron board (simple google) 250
Hair dryer (simple google) 100
Ceilling fans x 3 (guesstimate) 1500
TOTAL - RM 44,830