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Investment SUNWAY AVILA @ WANGSA MAJU [LRT PROPERTY], Freehold Mixed Development

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indramerlin
post Mar 11 2019, 06:16 AM

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This condo & Henna.. Both can't walk to LRT..
indramerlin
post Mar 11 2019, 08:23 AM

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QUOTE(alvis5913 @ Mar 11 2019, 08:08 AM)
Are you sure this cannot walk to MRT?
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where got MRT in wangsa maju ??
indramerlin
post Nov 25 2019, 09:23 AM

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QUOTE(silrave @ Nov 25 2019, 01:05 AM)
hi this project near mrt?
i try check
it near by like does not have any lrt or mrt
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near, but can't walk.. can drive..

It's like advertised as near KLCC.. but 5km to KLCC..
indramerlin
post Dec 15 2019, 10:47 AM

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QUOTE(edwinliong @ Dec 15 2019, 10:44 AM)
Actually if i remember correctly, the LRT at the morning is packed like Sardin, no one take it into consideration? Or LRT is never an factor for buying this property? (800m distance) haha...
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Yep.. LRT is shitty nowadays.. always faulty.. and pack like sardin..

800m is too far.. consider the area surrounding by low cost flats.. very not safe.. If I'm not mistaken, the area also is the area where the famous children kidnapping case happened before, "Nurin"...
indramerlin
post Dec 16 2019, 01:50 PM

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QUOTE(AskarPerang @ Dec 16 2019, 11:52 AM)
Is residential area. People stay there but work in the city.
Gombak station up to Damai station you can see only ppl getting up the LRT in the morning. Ppl start getting down at Ampang Park station onwards.
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Nice that we have LRT expert here..
indramerlin
post Dec 25 2019, 05:39 PM

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QUOTE(heavensea @ Dec 25 2019, 12:49 PM)
This distance how to walk...
Need climb some slopping bukit lagi
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I don't why people call this LRT condo.. It's very far to walk, and very very unsafe..

If say can walk.. then KLCC also walkable from anywhere in KL, just matter of time..
indramerlin
post Dec 25 2019, 05:40 PM

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QUOTE(trust4you @ Dec 25 2019, 05:19 PM)
Talk koc
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I'm surprise a lot of people fall for that.. That's why Malaysian still left behind..
indramerlin
post Dec 28 2019, 08:48 AM

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The only selling point is Freehold..
indramerlin
post Dec 28 2019, 10:25 AM

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QUOTE(avilaOwner @ Dec 28 2019, 09:21 AM)
I think it is more than "just freehold". ")
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anything else?

there is too much condo already in the area.. btw, the area is Setapak.. Not proper Wangsa Maju.. LRT Wangsa Maju is located in Setapak. LRT Sri Rampai located in Proper Wangsa Maju (Wangsawalk, Tesco, Aeon big area)
indramerlin
post Dec 29 2019, 11:30 AM

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QUOTE(leaF @ Dec 28 2019, 01:37 PM)
To be fair the location surround the area cost rm600++ psf-riana green, henna, flexa, lexa, irama, infiniti.. Some of them are even leasehold.. Of coz if u go to jalan gombak or puchong it will cost lesser around rm500++

If u compare to real wangsa maju section 1 and 2 consist of low cost flat, same for section 4.. For section 5, u have terrace house and mostly occupied by rich malays area, with good tenant occupying avila and lexa shoplot, this area got potential to grow larger because resident around have more spending power.. But if u wan some rm5 economy rice, u can always go Section 2 or sri rampai food court..
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this Avila is seperated from Riana, Hamilton, wangsawalk area.. Seperated by retaining wall, LRT track, DUKE3 highway.. Avila located at sub-prime area, surrounding low cost flats.

Please do your due diligence about the area..
indramerlin
post Dec 30 2019, 03:01 PM

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QUOTE(avilaOwner @ Dec 30 2019, 12:09 PM)
I also wanted to ask him, why he only see flat that far away, but adjacent condo all he ignore...
Hahaha...
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Haha 2 mins drive.. Please do due diligent first before comparing Avila with Lexa, Henna, Hamilton etc.. They totally in the different area.. If using this logic.. Brickfield also KL sentral because 1 mins drive from KL sentral..
indramerlin
post Dec 31 2019, 07:21 AM

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QUOTE(leaF @ Dec 31 2019, 12:19 AM)
Well.. Hoc coming to the end.. Any other promotion sunway will come out to sell this property? Wondering the same to other project as well. With and without hoc
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No worries, I believe somehow HOC will continue for sure, or developer will give discount.. Our overhang properties unsold keep increasing by time. Now we are experiencing deflation, slower economic growth.. Recession just around the corner.

To add salt to wound. Next year, there will be no more permanent govt servants, means that no more LPPSA loan, means that overhang will be increasing.. BNM decrease OPR to stimulate spending, economy also no use..

As an investor, this is tough time for me.. I still have 30 properties in hand.. Hopefully to get rid more than half in 4-5 years time..

This post has been edited by indramerlin: Dec 31 2019, 07:23 AM
indramerlin
post Dec 31 2019, 09:22 AM

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QUOTE(Zwean @ Dec 31 2019, 07:58 AM)
Selling during a downturn? Hmm.
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Holding power is so so.. need to cash out to spread out the risk. I will only divest properties that no future ady, price only increase due to inflation.
indramerlin
post Dec 31 2019, 02:20 PM

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QUOTE(AskarPerang @ Aug 17 2017, 05:02 PM)
Credit to Propcafe:

PROPCAFE NEWS 📰 : Sunway Property ACQUIRES 5th #TOD-FOCUSED LANDBANK IN #WANGSAMAJU, PLANS DEVELOPMENTS WORTH RM5.5 BILLION IN TOTAL

☕ New acquisition is for 4.34 acres of freehold land in Wangsa Maju earmarked for RM500.0 million mixed development
☕ Acquisition brings total new landbank to 5 strategic plots in 6 months, with GDV of RM5.5 billion
☕ Continued focus on TOD transit-oriented development

Sunway Berhad announced a joint-venture with #Huatland Development Sdn Bhd and through the joint venture company, Sunglobal Resources Sdn Bhd, will acquire a 4.34-acre freehold land for a purchase consideration of RM 51,070,000 from Setapak Heights Development Sdn Bhd (SHD).
Sunglobal Resources Sdn Bhd, which is 55%:45% owned by Sunway and Huatland Development Sdn Bhd respectively, intends to develop a mixed development comprising two blocks of serviced apartments with some lifestyle units on the podium with a GDV of RM500 million. The expected development period is 5 years. It is anticipated that the residential units will be priced with an average pricing of RM 550,000 onwards.

“We will continue to landbank in good areas given the opportunities in the market currently, supported by our healthy balance sheet. Particularly in Klang Valley, we will be on the lookout for landbanks which are ideal for transit-oriented developments where we can leverage our prior experience of building integrated and mixed-use developments,” said #Sarena Cheah, Managing Director, Property Division for Malaysia and Singapore, Sunway Berhad.
The developer’s total landbank currently stands at 3,325 acres in Klang Valley.

The Wangsa Maju land has a commercial status and is acquired conditional to receipt of approval from authorities for a plot ratio of 5 times. The land is one of the few in its immediate vicinity to have a freehold title, enhancing the future prospects of the development on the Land.

The landbank is strategically located in the rapidly developing area of Wangsa Maju and within 1.5 kilometres to amenities such as Wangsa Walk Mall and AEON Big Wangsa Maju where a number of residential and commercial developments have taken off. The site is a mere 8-kilometre drive to the heart of Kuala Lumpur and 850 metres away from the Sri Rampai LRT station, appealing to property buyers working in the city. The land is also easily accessible through the DUKE, MRR2 and AKLEH highways.

Collectively, in the last 6 months, the developer has acquired five plots of strategically located land with a total GDV of over RM5.5 billion. All the landbanks will be transit-oriented developments as they are in close proximity to #MRT, #LRT, #BRT and/or #monorail stations. More information on the new developments will be announced by Sunway in due course.

#sunwayproperty #wangsamaju #srirampaiLRT #Sunway #malaysiaproperty #realestate #propcafe #mediarelease
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Hopefully there will be a proper walkway to LRT.

indramerlin
post Mar 12 2020, 05:25 PM

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QUOTE(.:zep:. @ Mar 9 2020, 06:35 PM)
This is my drone view of Sunway Avila as of today (09/03/2020). Kindly help me subscribe the channel for more upcoming updates. Thank you.


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Wow.. next to LRT.. 5 minutes walk
indramerlin
post Jun 17 2021, 08:42 AM

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QUOTE(trust4you @ May 4 2021, 10:39 PM)
You should be regret buyimg avilla.. should buy quinn instead
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Got people meh buy Avilla? Very bad location.

Quinn is the best location. Walkable to wangsawalk & LRT. Avilla nowhere better.

 

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