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Investment ViiA RESIDENCES | KL ECO CITY | SP SETIA, By SP Setia

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TSknightrazor
post Jul 19 2016, 10:05 AM, updated 10y ago

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Price is about RM1600 psf.
Total units for residences and hotels are 326 units and 200 units respectively. All hotel units will be facing The Gardens. There will be a proposed linked bridge connecting to The Gardens.

Booking Fee is at RM10,000. Just booked a unit.

Here are some pictures of the structural model.


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PETALING JAYA (June 28): S P Setia Bhd will be unveiling ViiA Residences at KL Eco City in August, said the developer in a press statement.

KL Eco City divisional general manager Tony Ling said the 40-storey ViiA Residences offers 326 units with built-up sizes ranging between 650 sq ft and 1,300 sq ft.

The leasehold residential development is now open for registration. However, he did not disclose further details of the development.

ViiA Residences is part of the 25-acre KL Eco City mixed development which is situated along Jalan Bangsar and will be connected to Mid Valley City and The Gardens via a pedestrian link bridge.

“ViiA at KL Eco City is surrounded by green office buildings, over 3 million sq ft of prime office space, a 200,000 sq ft bespoke retail mall and a unique two-tier internal road system, making traffic circulation highly efficient,” Ling said.

In anticipation of the launch of ViiA Residences, a mobile gallery will be making its rounds in the Klang Valley to give the public a sneak peek of the project.

The mobile gallery started operations on June 17 and will operate until Aug 23, showcasing the project at Starhill Kuala Lumpur, The Curve Shopping Mall in Mutiara Damansara, 1Mont’Kiara Shopping Mall in Mont’Kiara and Nu Sentral in KL Sentral.

“Smart investors should take this opportunity to find out more about ViiA Residences at the various locations mentioned for special promotion packages while enjoying delectable canapés and gourmet coffee,” Ling added.

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Source: http://www.theedgeproperty.com.my/content/...sidences-august

This post has been edited by knightrazor: Jul 19 2016, 10:08 AM
chongmelvin2238
post Jul 19 2016, 10:48 AM

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which type and which facing you booked? reason for this unit?
TSknightrazor
post Jul 19 2016, 12:20 PM

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QUOTE(chongmelvin2238 @ Jul 19 2016, 12:18 PM)
which type and which facing you booked? reason for this unit?
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I booked the smallest unit facing Gardens. AFAIK the units facing The Gardens is only from floor 27 and above. The rest were taken up by the hotels.

As for the hotels, it is not confirmed who will be managing it. Either a reputable 3rd party manager or Setia themselves.

This unit is for investment. AirBnb is very likely though until the price is right perhaps. tongue.gif
mthc
post Jul 19 2016, 12:23 PM

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QUOTE(knightrazor @ Jul 19 2016, 12:20 PM)
I booked the smallest unit facing Gardens. AFAIK the units facing The Gardens is only from floor 27 and above. The rest were taken up by the hotels.

As for the hotels, it is not confirmed who will be managing it. Either a reputable 3rd party manager or Setia themselves.

This unit is for investment. AirBnb is very likely though until the price is right perhaps.  tongue.gif
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What's is yr unit build up and nett price?
SUSbf1119
post Jul 19 2016, 12:23 PM

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wah. all 1600psf

pavillion damansara vs bbcc vs ekocity

fighting !
nexona88
post Jul 19 2016, 01:09 PM

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looks like 1600psf is the "price" for premium development blush.gif rclxms.gif
BEANCOUNTER
post Jul 19 2016, 01:31 PM

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QUOTE(knightrazor @ Jul 19 2016, 12:20 PM)

This unit is for investment. AirBnb is very likely though until the price is right perhaps.  tongue.gif
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please be mindful that airbnb is banned under DBKL if the property is under residential title.
chongmelvin2238
post Jul 19 2016, 01:37 PM

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QUOTE(BEANCOUNTER @ Jul 19 2016, 01:31 PM)
please be mindful that airbnb is banned under DBKL if the property is under residential title.
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this is under commercial or residential? what is the utilities rates like? half hotel (for sure commercial), half residential..?
BEANCOUNTER
post Jul 19 2016, 01:40 PM

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QUOTE(chongmelvin2238 @ Jul 19 2016, 01:37 PM)
this is under commercial or residential? what is the utilities rates like? half hotel (for sure commercial), half residential..?
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judging from the name of this project (Viia Residences)...its likely to be under residential.
gks
post Jul 19 2016, 01:58 PM

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QUOTE(BEANCOUNTER @ Jul 19 2016, 01:40 PM)
judging from the name of this project (Viia Residences)...its likely to be under residential.
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I believe it is under commercial SCH H
VincentProperty
post Jul 19 2016, 03:15 PM

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TSknightrazor
post Jul 19 2016, 04:21 PM

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QUOTE(mthc @ Jul 19 2016, 01:53 PM)
What's is yr unit build up and nett price?
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625sf, 1 bedroom. RM1M. It's under Setia's BTS 10:90 scheme. Personally, I think this is the next best thing to DIBS.


QUOTE(chongmelvin2238 @ Jul 19 2016, 03:07 PM)
this is under commercial or residential? what is the utilities rates like? half hotel (for sure commercial), half residential..?
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It's under commercial, however it's under HDA (ithink)

gst1209
post Jul 19 2016, 04:35 PM

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625 sqft x 1600 psf = 1m

how many years to recover 1m ?
assuming every month generate 6k rental. require approximately 14 years to recover 1m (not including interest)

1m investment workable ?
chongmelvin2238
post Jul 19 2016, 05:04 PM

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QUOTE(gst1209 @ Jul 19 2016, 04:35 PM)
625 sqft x 1600 psf = 1m

how many years to recover 1m ?
assuming every month generate 6k rental. require approximately 14 years to recover 1m (not including interest)

1m investment workable ?
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Do not concern much about number of years to recover. A 650 sqf unit = 1m x 4.5% p.a = monthly 3,750 + 390 maintenance (0.60 sen psf)

That's a break-even-rental RM4,140 for 1 bedroom unit with standard Setia freebies (not fully furnished).. Is it doable?
Perhaps if all those offices are taken up, maybe there is a chance.
almaine
post Jul 19 2016, 05:25 PM

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QUOTE(chongmelvin2238 @ Jul 19 2016, 05:04 PM)
Do not concern much about number of years to recover. A 650 sqf unit = 1m x 4.5% p.a = monthly 3,750 + 390 maintenance (0.60 sen psf)

That's a break-even-rental RM4,140 for 1 bedroom unit with standard Setia freebies (not fully furnished).. Is it doable?
Perhaps if all those offices are taken up, maybe there is a chance.
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maybe shud look at bangsar south for cheaper option
propusers
post Jul 19 2016, 06:32 PM

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QUOTE(knightrazor @ Jul 19 2016, 04:21 PM)
625sf, 1 bedroom. RM1M. It's under Setia's BTS 10:90 scheme. Personally, I think this is the next best thing to DIBS.
It's under commercial, however it's under HDA (ithink)
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after choose 10:90 scheme, got additional discount? if no discount mean have to fork out 100k for first 10%.

chongmelvin2238
post Jul 19 2016, 07:58 PM

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QUOTE(propusers @ Jul 19 2016, 06:32 PM)
after choose 10:90 scheme, got additional discount? if no discount mean have to fork out 100k for first 10%.
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My guess is discount will be given but only during VP..
existing setia buyer will entitle 1% off under their scheme right?
HarpArtist
post Jul 19 2016, 11:30 PM

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QUOTE(propusers @ Jul 19 2016, 06:32 PM)
after choose 10:90 scheme, got additional discount? if no discount mean have to fork out 100k for first 10%.
*
QUOTE(chongmelvin2238 @ Jul 19 2016, 07:58 PM)
My guess is discount will be given but only during VP..
existing setia buyer will entitle 1% off under their scheme right?
*
yeah on this will hinge my decision hmm.gif many setia buyers out there. take your pick who to give referral la
HarpArtist
post Jul 19 2016, 11:37 PM

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QUOTE(knightrazor @ Jul 19 2016, 12:20 PM)
I booked the smallest unit facing Gardens. AFAIK the units facing The Gardens is only from floor 27 and above. The rest were taken up by the hotels.

As for the hotels, it is not confirmed who will be managing it. Either a reputable 3rd party manager or Setia themselves.

This unit is for investment. AirBnb is very likely though until the price is right perhaps.  tongue.gif
*
full furnished?
TSknightrazor
post Jul 20 2016, 09:47 PM

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QUOTE(propusers @ Jul 19 2016, 08:02 PM)
after choose 10:90 scheme, got additional discount? if no discount mean have to fork out 100k for first 10%.
*
As of now, no confirmation yet. I booked because there are some small available units left. ::kiasu:: tongue.gif
But based on previous experiences, 2-3% were given. This BTS 10:90 is still a new scheme, I guess the they give some good deals to attract more buyers.

I was there today again, the smallest units, 652sf left abit only. Maybe 2 - 3 units. I'm an investor and also an agent. Others may PM me for more info.

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