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Investment Scarletz @Jalan Yap Kwan Seng, Affordable Luxury Property in KL Centre

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BEANCOUNTER
post Mar 6 2018, 05:28 PM

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QUOTE(jcts @ Mar 6 2018, 04:58 PM)
30% take up rate, seriously? It’s not officially launch yet.
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they will launch when take up rate hits 70 or 80%. developers usual trick.

30% not difficult to achieve,

10% directors and associates
10% arm twisted biz associates.....you help me I help you type arrangement
10% public

This post has been edited by BEANCOUNTER: Mar 6 2018, 05:30 PM
propertybuddy
post Mar 6 2018, 07:34 PM

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QUOTE(jessylyx @ Mar 2 2018, 11:04 AM)
Summary:
It’s commercial title, it’s located at jalan yap Kwan Seng, walking distance to KLCC around 8-10 mins,
It similar to summer suite but the location is better than summer suite. All units come with kitchen and bathroom. Price psf around RM1600

Surrounding building psf above RM1800– the mews, Isola, mirage, star residence.
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comparing undercon or subsales transaction?

commercial vs commercial or commercial vs residential?

similar product subsales 1000psf? at 60% discount. why whould this still make money?

Rental? what's transacted monthly rental for similar unit, 2200-2400. can it cover min 80% of installment? unlikely

Do you need Airbnb just to breakeven?

upsides? is there any catalyst to boost 1600psf to 1800psf / 1900psf / 2000psf ? is this price above / below / fair market (subsales) price?

hmm.gif

This post has been edited by propertybuddy: Mar 6 2018, 07:34 PM
I like to invest
post Mar 6 2018, 10:21 PM

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QUOTE(jcts @ Mar 6 2018, 04:58 PM)
30% take up rate, seriously? It’s not officially launch yet.
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ya shock me also
while last weekend the SA update me
if you wan the photo I can send u inbox
jcts
post Mar 7 2018, 01:20 AM

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QUOTE(I like to invest @ Mar 6 2018, 10:21 PM)
ya shock me also
while last weekend the SA update me
if you wan the photo I can send u inbox
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Yes please. I would like to know which type is hot selling.

This post has been edited by jcts: Mar 7 2018, 01:20 AM
Asali
post Mar 7 2018, 09:03 AM

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QUOTE(propertybuddy @ Mar 6 2018, 07:34 PM)
comparing undercon or subsales transaction?

commercial vs commercial or commercial vs residential?

similar product subsales 1000psf? at 60% discount. why whould this still make money?

Rental? what's transacted monthly rental for similar unit, 2200-2400. can it cover min 80% of installment? unlikely

Do you need Airbnb just to breakeven?

upsides? is there any catalyst to boost 1600psf to 1800psf / 1900psf / 2000psf ? is this price above / below / fair market (subsales) price?

hmm.gif
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Good questions.
Wenny K
post Mar 8 2018, 09:52 PM

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two months passed since the first post in this thread... how's the booking now for tis? still RM650K onwards? from 450sf?
lybsc
post Mar 10 2018, 04:13 PM

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QUOTE(Wenny K @ Mar 8 2018, 09:52 PM)
two months passed since the first post in this thread... how's the booking now for tis? still RM650K onwards? from 450sf?
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I've booked a unit and applying loan now. 450sf facing wangsa maju is selling fast ; 450sf facing klcc still got a lot left. Anyone needs my sales agent contact can PM me.

This post has been edited by lybsc: Mar 10 2018, 04:14 PM
propertybuddy
post Mar 10 2018, 04:25 PM

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QUOTE(Asali @ Mar 7 2018, 09:03 AM)
Good questions.
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Yeah. Find no reason for the hype..

Would buying 1600psf easier to make money than 900psf ?

It is limited exit plan and also rental strategies. As the entry is high.

Can't find convincing cocr, yield, potential upsides
jcts
post Mar 10 2018, 04:31 PM

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QUOTE(lybsc @ Mar 10 2018, 04:13 PM)
I've booked a unit and applying loan now. 450sf facing wangsa maju is selling fast ; 450sf facing klcc still got a lot left. Anyone needs my sales agent contact can PM me.
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Me too. Your is which unit and floor?
LoTek
post Mar 10 2018, 04:45 PM

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QUOTE(propertybuddy @ Mar 10 2018, 04:25 PM)
Yeah. Find no reason for the hype..

Would buying 1600psf easier to make money than 900psf ?

It is limited exit plan and also rental strategies. As the entry is high. 

Can't find convincing cocr, yield, potential upsides
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dont even see hype. just 2 agents talking to each other. anyway, moving on, next.

This post has been edited by LoTek: Mar 10 2018, 04:45 PM
Asali
post Mar 10 2018, 10:15 PM

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QUOTE(propertybuddy @ Mar 10 2018, 04:25 PM)
Yeah. Find no reason for the hype..

Would buying 1600psf easier to make money than 900psf ?

It is limited exit plan and also rental strategies. As the entry is high. 

Can't find convincing cocr, yield, potential upsides
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True.
Vector88
post Mar 10 2018, 11:10 PM

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The only single positive about this project is the low entry...spend about 1% downpayment only.
LoTek
post Mar 11 2018, 12:49 AM

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QUOTE(Vector88 @ Mar 10 2018, 11:10 PM)
The only single positive about this project is the low entry...spend about 1% downpayment only.
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with creativity can get same deal from subsales
I like to invest
post Mar 11 2018, 11:17 AM

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but till today not much people comment on this post, just saw agent here @@
lybsc
post Mar 11 2018, 01:08 PM

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QUOTE(Vector88 @ Mar 10 2018, 11:10 PM)
The only single positive about this project is the low entry...spend about 1% downpayment only.
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1% for down payment and 1% during 1st progress billing.
Rebate 1% upon VP.
Technically, 1% down payment.
lybsc
post Mar 11 2018, 01:09 PM

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QUOTE(jcts @ Mar 10 2018, 04:31 PM)
Me too. Your is which unit and floor?
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Lower unit. Wangsa maju facing.
hairi82
post Mar 11 2018, 02:51 PM

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QUOTE(lybsc @ Mar 11 2018, 01:09 PM)
Lower unit. Wangsa maju facing.
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How much is ur unit? Every floor increase how much..
Ray Leee
post Mar 11 2018, 04:47 PM

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QUOTE(lybsc @ Mar 10 2018, 04:13 PM)
I've booked a unit and applying loan now. 450sf facing wangsa maju is selling fast ; 450sf facing klcc still got a lot left. Anyone needs my sales agent contact can PM me.
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450sf is studio right i supposed? small though cool2.gif
IncredibleD
post Mar 11 2018, 05:11 PM

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I dont mind to share more details if you keen to know more about this project smile.gif

This post has been edited by IncredibleD: Mar 11 2018, 05:16 PM
lybsc
post Mar 11 2018, 05:25 PM

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QUOTE(hairi82 @ Mar 11 2018, 02:51 PM)
How much is ur unit? Every floor increase how much..
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Each floor increase by RM 1k, according to the sales agent.

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