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> Aster Residence Cheras by Amber Homes, 56m Linked Bridge to Tmn Connaught MRT (Investment)

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TSFat3Twister
post Mar 5 2018, 12:33 PM

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QUOTE(TokCoc @ Mar 5 2018, 12:05 PM)
May I know is the car park allocation already out? Have ramp to 3rd n 7th floor?
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Car park allocation not finalized yet. We have ramp from G - P3, then P3 - P6, then P6 - P7.


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TSFat3Twister
post Mar 5 2018, 05:52 PM

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For our upcoming new project in Cheras, we choose to do something different in the current market. We don't want our purchasers to buy this because it's cheap, if this is the reason you buy it, then after the project is completed it will be a disaster to the purchasers. Instead, we want someone who can see the value of this project to own it.

5 years ago, if you buy a new project at RM400k in good location in KL, people will be telling you after it's completed you can get at least 30% capital appreciation or even higher, but the sad truth today, the same property might be selling around the SPA price. This is due to the supply of the properties, many developers are offering affordable homes from 200k-600k, this market has saturated. We don't want to get into the price war. We want to position ourselves somewhere between the premium and affordable range.

If you look at projects which have direct access to MRT or less than 200m away from the MRT, you will see that our price is very reasonable.
TSFat3Twister
post Mar 6 2018, 12:39 PM

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QUOTE(ychoong @ Mar 1 2018, 12:38 AM)
May I know is there any showroom for this project? any contact of the sales agent?
TQ
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Our sales office is now at

Seri Mas Condominium,
Jalan 4/89A, Taman Ikhsan,
56000 KL

At this moment we don't engage any agent for this project.
You may visit us directly or you can reach me at 017-9029911 and i will share some details to you.

TSFat3Twister
post Mar 8 2018, 12:12 PM

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QUOTE(MNet @ Mar 7 2018, 10:01 PM)
How many unit per floor?
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Zone A - 10 units (650sf) each level, 4 lifts
Zone B - 7 units (810sf) + 3 units (650sf) each level, 4 lifts
Zone C - 6 units (953/957sf) each level, 3 lifts

Residential units total 36 levels each zone


QUOTE(Jayne K @ Mar 7 2018, 11:45 PM)
where's the sales gallery again for this project? ive probably missed a few important infos along this thread, didn't read thru all the pages though~  biggrin.gif
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Our sales office address is here:-

Seri Mas Condominium,
Jalan 4/89A,
56000 KL.

Monday - Sunday 10am-5pm

You can contact me at 017-9029911 and I will whatsapp you the location.
TSFat3Twister
post Mar 8 2018, 12:12 PM

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QUOTE(Jagalat @ Mar 7 2018, 10:05 PM)
This is where l am thinking, unlike the opposite side that has a couple of walk paths to MRT stn, this Hatama side is possibly looking forward to a connecting bridge that allows MRT users to directly walk to the stn without "longer detour/route".

If l am staying at this Hatamas side, l will consider buying a unit and rent out, while keeping the access cards and parking bay. Everyday l just drive to my parking bay and walk to MRT stn. Occasionally l will bring along visitors/passengers...
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This is a brilliant idea! thumbup.gif notworthy.gif
TSFat3Twister
post Mar 9 2018, 01:28 AM

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QUOTE(AskarPerang @ Mar 8 2018, 08:23 PM)
Zone meaning located at different blocks? Meaning got 3 blocks in total?

Block A = 10 X 39 floors = 390 units
Block B = 10 X 39 floors = 390 units
Block C = 6 X 39 floors = 234 units

Total 1014 units only?
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It's 36 levels each zone, total 960 units.

We call it zone because 3 "blocks" are built connected to each other. But from one zone you can't access to the other zone.

QUOTE(MNet @ Mar 8 2018, 08:42 PM)
3 lift = 2 lift + 1 service lift?
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Yes
TSFat3Twister
post Mar 10 2018, 10:06 AM

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QUOTE(MNet @ Mar 9 2018, 08:59 PM)
How fast is the lift speed to service 39 floor?
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I will need to double confirm on the exact speed of the lift. It will be high speed lift


QUOTE(AskarPerang @ Mar 9 2018, 09:20 PM)
What is the master plan? Able to share?
I mean after these 3 blocks, what will be the future development surrounding?
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On one side of our side i suppose it's the "hutan lipur" or "Taman Eko-Rimba Bukit Sungai Puteh A" as per google map, where the forestry department office (Jabatan Perhilitan) sits on. Another side will be the suke highway and the main road.
TSFat3Twister
post Mar 11 2018, 03:59 PM

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QUOTE(MNet @ Mar 11 2018, 03:09 PM)
what is the price different between each floor? 1k?
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RM500 increase each level up

QUOTE(Ray Leee @ Mar 11 2018, 03:46 PM)
o 810sqft have how many rooms? 2 or3? since its dual key  cool2.gif
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3 rooms

QUOTE(Ray Leee @ Mar 11 2018, 03:48 PM)
how much is the duplex unit? n how many rooms for this? dual key option as well?
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+-RM560k. 3 rooms as well, no dual key
TSFat3Twister
post Mar 11 2018, 04:17 PM

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Car Park already higher than the track
TSFat3Twister
post Mar 12 2018, 09:18 AM

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QUOTE(LiNKInPaRk108 @ Mar 11 2018, 10:35 PM)
Just realised, one probably shouldn't bother about getting good view for this project.

Southwest view would be alam damai hill blocked by both maxims unless very high floor.

Northeast view would be facing the whole bukit segar hill with the infamous un-complete-able The Mark at the peak.

The single Type C Northwest facing unit will overlook tmn connaught with kwang tung cemetery at a distance.

Another single Type C Southeast facing unit overlooks... Highways... & tamans...
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You know this area and the project very well. thumbup.gif notworthy.gif
TSFat3Twister
post Mar 16 2018, 03:49 PM

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QUOTE(BEANCOUNTER @ Mar 16 2018, 03:41 PM)
Privacy is one thing
Hygienic sleeping pattern and other isues too.

Seriously in malaysia you need to come to a stage to share room with unknown person (s) on longer term?

I stayed w family until 24yo.
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It's very common bro, or at least among my peers.
I graduated from Public Uni, most of them renting rooms for years.
Not necessary share room with stranger, can be sharing it with friends or bf/gf.

My ex rented a room near LRT and stayed with another unknown lady for 2 years + before she bought her car.

So it's not uncommon.
TSFat3Twister
post Mar 16 2018, 04:01 PM

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So in this case it doesn't matter whether sharing room with know or unknown individual, the point is there are demand for room rental right?
TSFat3Twister
post Mar 18 2018, 10:52 AM

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QUOTE(BEANCOUNTER @ Mar 18 2018, 10:03 AM)
go see another wip at pandan....called 28boulavard.
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28 boulevard is from Beverly group, not rumawip
TSFat3Twister
post Mar 18 2018, 10:56 AM

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QUOTE(MNet @ Mar 18 2018, 10:16 AM)
casa green under this developer. not sure about the workmanship
very less development from this developer
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In the past 10 years, we have developed Putra Suria Apartment, Seri Puteri Condo, Plaza Amber 1,2 & 3, Casa Green Cheras and Casa Green Bukit Jalil. Earlier than that we have Seri Mas Condo, Bintang Mas Condo.
TSFat3Twister
post Mar 24 2018, 04:29 PM

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QUOTE(Asali @ Mar 24 2018, 03:01 PM)
Hardly can find someone from amber. I can remember you guys keep tons of units in Putra Suria & Seri Puteri. Once both projects completed you guys was slowly letting go one by one with higher and higher prices.
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I'm not sure where did you hear this from but this is not the case. There might be some of our associates (architects/surveyors/lawyers etc) who bought some units but we don't hold units. Cash flow is crucial for developers.
TSFat3Twister
post Mar 26 2018, 02:32 PM

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QUOTE(zugzwang @ Mar 25 2018, 05:36 PM)
Just wondering if this locality (Aster Residensi Cheras) is under KL or Selangor.

Looking forward to hear from sifus here.

Rgds.
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It's under KL.
TSFat3Twister
post Mar 27 2018, 11:47 AM

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QUOTE(MNet @ Mar 26 2018, 08:51 PM)
I think these info should put it in first page post so its easy for everyone.
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Good idea. Will do so.
Thanks
TSFat3Twister
post Apr 14 2018, 07:29 PM

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QUOTE(W.ROOK @ Apr 14 2018, 12:40 PM)
This is what I was saying earlier but they are not bothered cause the booking rate are doing well. Not up to the extend
of BBB but quite well despite the cautious market.

As for this statement " without a yard there is a no way to connect the suction out for your cooking hood" probably
Fat3Twister could clarify on this.
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Yes, we can use a filtered hood, it's ductless.

QUOTE(zugzwang @ Apr 14 2018, 01:27 PM)
I really have the interest to invest here. I would like to pose a few questions :

1) Will I potentially get a minimum 5% ROI if I rent it out (fully furnished)

2) Who are my potential tenants? People who work in TRX and KLCC? Or people who potentially work in Bandar Malaysia (in future)?

3) Does this development have the competing power against development like Eko Cheras and upcoming MKH and Dupion Island project in Cheras?

4) Does the population in Cheras area have the capacity to absorb the ever growing number of service apartments and condos?

Your feedback will be much appreciated.

Rgds.
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1. 650sf starts from RM368,620. Just take RM375,000 for calculation, 5% annual yield is RM18,750 a year, translate into RM1,562.50/month.

I'm not going to tell you how much it can fetch, I show you some examples of the asking rental now

a. Maxim Residences, 600m walking to MRT Tmn Connaught, asking rental is RM1500-1800 for 2 rooms unit fully furnished, i have called 3 agents to verify.

b. Seri Puteri Condo, 100m walking to Star LRT, located near Bdr Sri Permaisuri surrounded by low cost housing area, probably considered as apartment with a small swimming pool, no other facilities, 3 rooms renting at RM2000-RM2200 fully furnished.

c. Lido Residency, 600m walking to MRT Tmn Pertama Station, 2 rooms fully furnished RM2000-RM2300.

So do you think it's possible to rent at RM1,562.50/month fully furnished?

2. Potential tenants, well, from Tmn Connaught station
1 station to Tmn Mutiara station, Leisure Mall & busy commercial area including banks like CIMB, Maybank and Hong
Leong, small office tower Cheras Plaza, easily hundreds of retails/offices here.

2 stations to Tmn Midah, again, another busy commercial area with hundreds of shops/offices here including banks.

3 stations to Tmn Pertama, also commercial area but not as vibrant as the 2 stations before this, but still when there
are business activities here, there will be people working here.

4 stations to Tmn Maluri with AEON Maluri and Sunway Velocity within walking distance.

5 stations to Cochrane, linked to IKEA and MyTown. Cochrane will be very busy in the future with many development
in progress

6 statiosn to TRX and 7 stations to Bukit Bintang area

I will just stop here and you may try to imagine each and every stations, whether you can find your potential tenants there.

3. Competing power with Ekocheras, Dupion Island and other projects. Well, there is no 2 same properties on earth. Every property will have their own target of tenants, given some people willing to pay more to get additional benefits while some people might choose to pay lower rental and let go some benefits. Probably you can ask this, if you want to get RM1,562.50/month, do you think Eko Cheras and Dupion Island will be rented out at this price and grab all your potential tenants? or probably they will command a higher rental like RM1800 or Rm2000?

4. As someone has mentioned, the transformation is taking place. Kuala Lumpur is nowhere near Singapore, Bangkok or even Jakarta. These cities are so crowded that you don't have to worry about the demand of properties with good accessibility. Malaysia will be moving towards this, with the completion of MRT Line 2,3, LRT 3 and HSR, when Bandar Malaysia, TRX, Warisan 118 are up, you wont be too worried about the demand. You might say these are still long way to go but properties is about buying the future, the days where u buy today and flip upon completion for 30%-40% gain has long gone.

Let's stop talking about future and look at the history, look at Mahkota Cheras, when the township started in the early 2000s, the population was less than 20k, but the population there was more than 110k (reported in 2012), the number now i will try to find. As more amenities, infrastructure completed, the population will increase. This is how transformation works. When the houses was built massively in Mahkota Cheras, many were worried about them being vacant also.

Of course I can't be sure all condos and serviced apartments will be filled up once they are completed, but we can choose those which might be filled up first as compared to others. If the property has competitive edge over others, then dont have to worry much.

Forgive me for the long reply, just my humble opinion.
TSFat3Twister
post Apr 15 2018, 02:42 PM

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QUOTE(AskarPerang @ Apr 14 2018, 11:05 PM)
a. Maxim Residence 2 bedroom size is at 825sqft & 854sqft & 885sqft.  Let's just say for example rental rate is the same with Aster 650sqft.
Maxim RM1500 825sqft
Aster RM1500 650sqft
Then will come down to whether one willing to sacrifice size over distance.

Although I would say Maxim Residence & Majestic Maxim will die with the addition of Aster. Definitely will be the prefer choice at the correct rental price.

b. Closer to the city center.
But still is interesting. And tagging just Star LRT, not as premium line compare to Putra LRT. Master bedroom rental at RM1000, Medium RM850, Small RM650.
Here: https://www.mudah.my/Kuala-Lumpur/Rooms-210...uteri&so=1&st=u

c. Same. Closer to the city center.
Better to use project located after Taman Connaught MRT as comparison. Such as You City.
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You're right. I left out You City.
After a quick check, You Vista 2 rooms fully furnished RM1800-2000.
TSFat3Twister
post Apr 15 2018, 02:43 PM

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QUOTE(kueks @ Apr 15 2018, 02:09 PM)
is the showroom in velocity ready?

end of this month ?
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Yes, it will be ready end of this month.
Will update here once it's ready.

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