Final Phase - Urbano "389 units"

Size / Price:
(a) 720sf - Min: rm 495,200; Max: rm 515,700
(b) 910sf - Min: rm 608,700; Max: rm 653,800
© 1045 - Min: rm 725,000; Max: rm 744,300

Early Bird Rebate: 9%

What do you guys think about this?

This post has been edited by George888: Apr 19 2017, 11:43 PM

Bukan ada grr meh?
Due to the first phase buyers rugi -ve around 800/month.

Wah boss no need sleeep ar. Most new condos rugi ler. Is jus how much u rugi on rental terms. For me if can cover 4.4% or interest plus healthy appreciation of 5-6% per year should be good prop.

Doubt this utropolis can achieve my criteria as rental supply far outweighs demand.

No GRR le I guess. Only for Phase 2B buyers.

It's located within Glenmarie light industrial park. Would working adults be willing to fork out rm1,500 per month rental?

Hi boss, same here don't think ultrapolis can serve such purpose based on the demands and price/sf.

noted, thanks.

This project not aiming students rental market?

When I look at location map, can target students and working adults working nearby, still doing analysis. There's 9% rebate now, and developer bear 3 years interest during construction period.

You'd the rental market and occupancy rate of ultraman + polis. Then you'd understand why they give you 9% + something like dibs..

This is not rezeki.as you thought, paramount haha...

Yes.

I'm a working adult, my previous house that I rented was RM1500. Current house is RM1400. I know few of my friends are also paying ~RM1500 rental (all of them with big MNC though).

Whether you can get those in Glenmarie.... is a different story.

More for own stay, with young atmosphere

As a first phase purchaser, im annoyed. The psf works out to be almost same with when I purchased back then. But is to be expected.

Lately I see a number of developers selling later phases cheaper/similar with earlier phase. Supply demand prob.

Renting to students or own stay?

We're talking abt 1k sf 3 rooms??

If rental could cover loan installment, most if not all qualified tenants would have bought.

How about few years ago before poopeti market boom?
Most condo owners enjoying +ve.

I can intro my agent. Very pro

Scale Model for Urbano

Visited the area for site study couple of weeks back. For those unfamiliar, Glenmarie for the most part have 3 components - landed houses, factories & university (with mall). Surrounded by highways too.

The factory stretch (car showrooms frontage road & junction) is notorious for traffic congestion during working hours.

Like many have shared before, one of the main question which struck me was where will the tenants be coming from? University & factories/warehouses/showrooms aside, still don't feel there's enough supply of long term tenants to sustain the investment side of Utropolis.

Correct me if I'm wrong, would love to hear sharing from those familiar with Glenmarie too.

U have to pay exclusive price but get so so return. Whats your plan?. At Kl a lot of product range with better potential. Unless plan to stay its different story. I see glenmarie as a place for stay not for invesment