Unit interior https://www.parabase.my/sinaran/sinaran360.html

Ya it is categorized service apartment



from
kenneth

Seeing new show unit + office setting up for this Sinaran project. Located in between Columbia Hospital Setapak and Setapak Central. Got one row of shop lot.

Hmm...200 plus units only and BBB should be sold off by now? No?
Still worth doing the show room?

ready for possible cancellations upon official launching maybe? haha... left 34 units only as at now.... but for binastra this is small cost only i guess...

How is this comapred to Hamilton at Wangsa Maju? Comparing the price makes Hamilton more attractive though. Then again, still pending for my pre-loan approval.

Showroom ready?

Sinaran a bit pricey if compare to other property nearby

SA mention will have free shuttle bus to TARC, is this true?

d wall s cracked...
nt sure how they gonna fix this...


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Rampai Court Phase 2 Land Grab

The current management has requested the owners of Rampai Court Phase 2
to allow them to solicit proposals from developers for sale or redevelopment of our 6.6 acres of our land.

i have no means of contacting all 560 owners of the land title of the apartment scheme but would advise all owners to
consider the following before negotiating with any land owners or developers eyeing our land.

Before committing yourself to any negotiations,please note that the land must first be valued by a trusted Valuer.We must know what the market value of our land before we make decisions.

Here are some figures to guide you :

1) 6.6 acres x 43,560 fs/acre X rm650/fs (comparative rate) = rm186,872,000.00
2) 6.6 acres x 43,560 fs/acre X rm 750/fs (current or residual rate)=rm 215,622,000.00
3) 6.6 acres x 43,560 fs/acre X rm 850/fs (future rate ) =rm 244,391,000.00.

The above are land prices that future developers of the 6.6 acres are willing to pay to develop the land into high density developments to replace the current low density ones at 80 units/acre.

Based on the land values above each co owner of the land is worth

1)186,870,000 / 560 = rm333,700.00
2) 215,622,000/560 = rm 385,039.00
3) 244,371,000/560 = rm 436,377.00

Note that the property value is not based on the selling price of the 30 year old apartments but on the potential of the land.
The land value remains even if the apartments turn to dust in the future.

Possible Gross Development Value if redeveloped :
400units/acre x 6.6 =2,640 units maximum.

2,640 units x avearage 1000fs/unit x rm500 /fs selling price =
rm 1,320,000.00

Note that to most developers land prices are usually capped at 20 % of Gross Development Value.

Future Developers can easily make rm100k per unit from medium cost apartments based on above land values.

DBKL is very supportive of redevelopment of low density developments to high density ones with multi level car parks especially the walk up apartments in Wangsa Maju and the low cost walk up flats.

They do not consider the problems of high rise apartments when faced with poor maintenance and unhealthy crowding of people on land.

Rampai Court is probably one of the last developments in Wangsa Maju with the ambience of low density development
with clean air,some open space and greenery ,less maintenance problems and among the last of affordable housing and rentals below rm300k and is sustainable for at least another 15 years with good management.Rentals are still hood with 4 % return provided the units are renovated.

Please consider above info carefully before you make any decisions.

Visited the sales office last weekend, left few units, mostly high floor.

Saw the latest available units up-to-date. Approximately 40 units+. Apparently loan rejected units.

How "walkable" is the distance to Wangsa Maju LRT station?

Google Map shows 1km if using the mainroad. Using the pedestrian walkway via inner road, guess that's about 600m+

Yup walkable. Across the road is AEON. then got cover pathway...then stairs to LRT...to cross the main road.

Thanks, that just clear my doubts

Main concern on the inner road is the safety I guessed. Quite dark and empty at night.

Yup, safety is the main concern at that area. Only those stay around there will know how dangerous is it..

Basically walking everywhere in kl at nite can be dangerous...i got few frens got robbed at pv and setapak central area during my uni times also

In front of the Aeon mall, still OK lah.
Night time, if you decided to walk around in Taman area... You need to take risk loh... For everywhere also same