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> ARA TRE' RESIDENCES @ ARA DAMANSARA, Affordable Luxury Ara Damansara (Investment)

LDP
post Jan 5 2017, 10:52 AM

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should be leasehold..quite near to oasis rio ...
LDP
post Jan 5 2017, 10:55 AM

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ini condo or service apartment ?
David_77
post Jan 5 2017, 11:02 AM

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QUOTE(chiahau @ Jan 5 2017, 10:48 AM)
SD won't sweat one.

Their Cantara pricing also out but they still will say our projects are the best.
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Cantara psf around 900? Also leasehold?

How's the rental potential here?
chiahau
post Jan 5 2017, 11:04 AM

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QUOTE(David_77 @ Jan 5 2017, 11:02 AM)
Cantara psf around 900? Also leasehold?

How's the rental potential here?
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Bout 800+ psf if not mistaken.

Freehold thou.
David_77
post Jan 5 2017, 11:06 AM

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QUOTE(chiahau @ Jan 5 2017, 11:04 AM)
Bout 800+ psf if not mistaken.

Freehold thou.
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I see. I have preference for freehold but at that pricing (cos for investment purpose, so not really sure).

Is leasehold more susah to dispose?
chiahau
post Jan 5 2017, 11:09 AM

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QUOTE(David_77 @ Jan 5 2017, 11:06 AM)
I see. I have preference for freehold but at that pricing (cos for investment purpose, so not really sure).

Is leasehold more susah to dispose?
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Applying for State Consent to transfer can be a pain sometimes.

3~6 months if unlucky....

Other than that, it's basically not an issue.
David_77
post Jan 5 2017, 11:10 AM

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QUOTE(chiahau @ Jan 5 2017, 11:09 AM)
Applying for State Consent to transfer can be a pain sometimes.

3~6 months if unlucky....

Other than that, it's basically not an issue.
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Thanks for the point thumbup.gif
chiahau
post Jan 5 2017, 11:15 AM

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QUOTE(David_77 @ Jan 5 2017, 11:10 AM)
Thanks for the point  thumbup.gif
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1 last thing.

As the number of years of the lease decrease, it may be harder for your buyer to secure a 90% loan with maximum tenure with a good % interest.

The keyword here is may be. Policies can change and so forth.

David_77
post Jan 5 2017, 11:19 AM

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QUOTE(chiahau @ Jan 5 2017, 11:15 AM)
1 last thing.

As the number of years of the lease decrease, it may be harder for your buyer to secure a 90% loan with maximum tenure with a good % interest.

The keyword here is may be. Policies can change and so forth.
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Yup, that is one need to keep in mind.

In SG, almost all leasehold, so it has been factored in the banking system.

Must remember it's different in MY.

Thanks bro thumbup.gif
BEANCOUNTER
post Jan 5 2017, 11:20 AM

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I did a brief study of this project....

Very nice name....but the problem is it stops there....
LDP
post Jan 5 2017, 11:23 AM

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QUOTE(FantasyRythem @ Jan 5 2017, 10:27 AM)
Was looking At the advertisement via FBook ! Cheapest project in Ara Damansara 600+ psf, nearby LRT, shopping mall etc... Was wondering if can really fetch good rental ! It's my first property investment
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too many projects over there, rental yield should be bad for initial years..

accetera
post Jan 5 2017, 11:25 AM

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This project is presumably NOT SAME as the following:


ARA DAMANSARA TRANSIT [LRT PROPERTY]
https://forum.lowyat.net/topic/3214156/

OASIS RIO @ OASIS DAMANSARA
https://forum.lowyat.net/topic/3457565

ARECA'S PROJECT @ ARA DAMANSARA
https://forum.lowyat.net/topic/3999942

SENSES @ ARA DAMANSARA
https://forum.lowyat.net/topic/3093778
LDP
post Jan 5 2017, 11:27 AM

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is there a temple over there previously ?
hihihehe
post Jan 5 2017, 11:31 AM

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showroom ready?
gks
post Jan 5 2017, 11:39 AM

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QUOTE(FantasyRythem @ Jan 5 2017, 11:30 AM)
even if it's walking distance to LRT , roughly how much I can rent then if say my unit has 2r2b and semi furnished with 2 car park ?
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Based on Pacific Place, expect rental around rm1.5-1.8k for partly furnished.
David_77
post Jan 5 2017, 11:46 AM

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QUOTE(gks @ Jan 5 2017, 11:39 AM)
Based on Pacific Place, expect rental around rm1.5-1.8k for partly furnished.
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Based on the price, yield is around 3%-4% then?
[ - w u i k - ]
post Jan 5 2017, 12:09 PM

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I've went to that area personally, managed to book a studio unit, and I won't say that the area has much to shout about, so long that Evolve and Pacific place remains active with Dana 1 getting more decent f&b places it should be a worthwhile investment.

Surrounding rental is about 1.5-1.8. The apartments comes half furnished with pretty decent offering of materials. Also not forgetting that for studio units too too get two parking wink.gif and the completion date expected Q1 2020 gives a lil buffer for ara Damansara to be slightly more mature then.

Potpourri is just down the road, LRT can walk pass the mall takes roughly 10mins? 500m walk.

If anyone needs a reliable agent I can recommend mine just drop me a pm cheers.

This post has been edited by [ - w u i k - ]: Jan 5 2017, 12:11 PM
LDP
post Jan 5 2017, 01:11 PM

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QUOTE( - w u i k - @ Jan 5 2017, 12:09 PM)
I've went to that area personally, managed to book a studio unit, and I won't say that the area has much to shout about, so long that Evolve and Pacific place remains active with Dana 1 getting more decent f&b places it should be a worthwhile investment.

Surrounding rental is about 1.5-1.8. The apartments comes half furnished with pretty decent offering of materials.  Also not forgetting that for studio units too too get two parking wink.gif and the completion date expected Q1 2020 gives a lil buffer for ara Damansara to be slightly more mature then.

Potpourri is just down the road, LRT can walk pass the mall takes roughly 10mins? 500m walk. 

If anyone needs a reliable agent I can recommend mine just drop me a pm cheers.
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can still BBBB ? how much is the mgmt fees ?
chiahau
post Jan 5 2017, 01:13 PM

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QUOTE( - w u i k - @ Jan 5 2017, 12:09 PM)
I've went to that area personally, managed to book a studio unit, and I won't say that the area has much to shout about, so long that Evolve and Pacific place remains active with Dana 1 getting more decent f&b places it should be a worthwhile investment.

Surrounding rental is about 1.5-1.8. The apartments comes half furnished with pretty decent offering of materials.  Also not forgetting that for studio units too too get two parking wink.gif and the completion date expected Q1 2020 gives a lil buffer for ara Damansara to be slightly more mature then.

Potpourri is just down the road, LRT can walk pass the mall takes roughly 10mins? 500m walk. 

If anyone needs a reliable agent I can recommend mine just drop me a pm cheers.
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Just curious boss, how much did you pay for it?
yw188
post Jan 5 2017, 02:26 PM

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parking

potential for investment?

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