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Investment SUNWAY SERENE @ KELANA JAYA, Enriching Lakeside Waterfront Living

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infernape772
post Sep 7 2020, 09:15 AM

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QUOTE(simonwai @ Sep 6 2020, 10:44 PM)
Hi, this project is under commercial title and type = service residence. Anyone knows what's the difference?
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The commercial part of this project is the land title, but usually for serviced apartments, developers will apply for HDA to say that it is for residential purposes. There are laws and regulations that developers have to follow for projects under HDA, as it's for residential purposes, even though on commercial land. Down side is still you have to pay commercial rate for utilities, but for electricity you can apply from TNB to change to residential rate.
simonwai
post Sep 7 2020, 01:05 PM

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QUOTE(infernape772 @ Sep 7 2020, 09:15 AM)
The commercial part of this project is the land title, but usually for serviced apartments, developers will apply for HDA to say that it is for residential purposes. There are laws and regulations that developers have to follow for projects under HDA, as it's for residential purposes, even though on commercial land. Down side is still you have to pay commercial rate for utilities, but for electricity you can apply from TNB to change to residential rate.
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Ic, what abt assessment rates & water charges? Any idea how much or how it is calculated?
infernape772
post Sep 7 2020, 02:15 PM

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QUOTE(simonwai @ Sep 7 2020, 01:05 PM)
Ic, what abt assessment rates & water charges?  Any idea how much or how it is calculated?
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Water charges commercial rate minimum RM36 iirc. Assessment rate will be based on the rental price (there is some calculation done by the local government based on rental price of the property), and if I'm not mistaken will also be higher due to commercial land title.
chittyserv
post Sep 16 2020, 10:05 PM

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has any sunway development failed drastically before?
Babizz
post Sep 17 2020, 08:18 AM

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With the even better discounts and rebates offered here, this could be a great buy for ownstay. Unsure what's the USP for investment but the specs n offering is very good and perhaps one can expect a bit of appreciation.

Few comparable projects in PJ.

This post has been edited by Babizz: Sep 17 2020, 08:25 AM
Ask.Property
post Sep 17 2020, 09:46 AM

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Just that comparable to other Sunway projects, this seems like a no soul project from Sunway, nothing special on the location other than the lake view and the pricing is not exactly appealing for the general market. Unless subang jaya itself really have alot of demands for condo at this pricing.
Etolen
post Sep 18 2020, 10:26 AM

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QUOTE(Babizz @ Sep 17 2020, 08:18 AM)
With the even better discounts and rebates offered here, this could be a great buy for ownstay. Unsure what's the USP for investment but the specs n offering is very good and perhaps one can expect a bit of appreciation.

Few comparable projects in PJ.
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What is the current promo that they have?
kimusu2002
post Sep 18 2020, 04:46 PM

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same here, any rebate and promo ?
Babizz
post Sep 19 2020, 02:57 PM

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QUOTE(Etolen @ Sep 17 2020, 08:26 PM)
What is the current promo that they have?
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Last I checked it can drop below 730psf for a midfloor unit. If one is open to subsale I see some good prices in south quay condos like a marine. Fantastic place.
leyhay
post Sep 19 2020, 09:35 PM

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QUOTE(Ask.Property @ Sep 17 2020, 09:46 AM)
Just that comparable to other Sunway projects, this seems like a no soul project from Sunway, nothing special on the location other than the lake view and the pricing is not exactly appealing for the general market. Unless subang jaya itself really have alot of demands for condo at this pricing.
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Only PJ lang will appreciate this project
Ask.Property
post Sep 19 2020, 10:31 PM

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QUOTE(leyhay @ Sep 19 2020, 09:35 PM)
Only PJ lang will appreciate this project
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Could be, hence the take up quite slow for sunway project in KV... Should be one of their slowest sales project in KV
westthen
post Sep 20 2020, 03:35 PM

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QUOTE(Ask.Property @ Sep 19 2020, 10:31 PM)
Could be, hence the take up quite slow for sunway project in KV... Should be one of their slowest sales project in KV
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which is quite true for during 2017-2019 period. Now the pick up rate is much higher with some types in tower b all sold out and they now opening bumi units in tower a

WD land could be a big factor but if they get its then the entire place would be like a mini township because they already acquired the land besides it (Sunway Serene XPark)

Also it seems that the land previously supposed to be Datum In-City seems to have some land clearing and a sales gallery is being built up. https://melatiehsan.com.my/projects/pj-incity/

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This post has been edited by westthen: Sep 20 2020, 03:48 PM
leyhay
post Sep 20 2020, 06:46 PM

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1k to Own. GRR 2 years. What else to consider? Very high profile project faster buy
SUSxander83
post Sep 20 2020, 06:51 PM

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QUOTE(leyhay @ Sep 20 2020, 06:46 PM)
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1k to Own. GRR 2 years. What else to consider? Very high profile project faster buy
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Another icon doom to failed city rclxms.gif
propertyowner
post Sep 20 2020, 07:01 PM

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QUOTE(leyhay @ Sep 20 2020, 06:46 PM)
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1k to Own. GRR 2 years. What else to consider? Very high profile project faster buy
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When start to see the word GRR then decision is clear
NorAzdanNordin
post Sep 25 2020, 01:57 PM

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Any whatsapp group for Sunway Serene?

Going to go place booking tomorrow.
westthen
post Sep 25 2020, 08:24 PM

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QUOTE(NorAzdanNordin @ Sep 25 2020, 01:57 PM)
Any whatsapp group for Sunway Serene?

Going to go place booking tomorrow.
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Hi bro pls pm me with your details
1282009
post Sep 27 2020, 06:03 PM

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QUOTE(propertyowner @ Sep 20 2020, 07:01 PM)
When start to see the word GRR then decision is clear
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Mind to share why?
DragonReine
post Sep 27 2020, 06:40 PM

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QUOTE(1282009 @ Sep 27 2020, 06:03 PM)
Mind to share why?
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GRR scheme usually means there's problems selling off property and they're trying to entice foreign or naive investors by promising GRR income

Issue is that GRRs are gambles and income from GRR is not as guaranteed as the name implies tongue.gif

PropertyGuru link on GRR

Unfortunately Serene is sort of...not that interesting, for investment. It's more for ownstay but at that price point is very inaccessible to most local people and honestly got better properties with better location for RM700+ psf
chittyserv
post Sep 29 2020, 12:23 AM

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QUOTE(westthen @ Sep 25 2020, 08:24 PM)
Hi bro pls pm me with your details
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This post has been edited by chittyserv: Sep 29 2020, 12:23 AM
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