I heard they may include hood as freebies..No? Yes mrt direct link is the selling point but somehow offset by HTC..haha

with the price tag... should give free air conds, kitchen cabinet with hob and hood ...

Thank you, WarSoldier aka AskarPerang

Free Hood? didn't hear anything about that.

Thank you to all the sifus for your valuable input.

Appreciate it.

Pro:
1. Direct link MRT
2. Price persqft reasonable for direct link
3. Good road access to both KL city and Cheras South (No need U-turn)


Con:
1. HTC (subsale potential is my concern)
2. 6000 units coming up in this area
3. No yard in layout

Anyone can contribute more?

Free Air conds yes but no Kitchen cabinets or even washer dryer.

I guess they might come up with some additional package like what they have done for casa green bukit jalil

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.

This is good feedback, Tokcoc.

Rgds.

1) Target room rental maybe can get 5% ROI.

3) Different product and different entry price if you want to compare with EkoCheras and JDupion. Those are premium price luxury property. MKH still unknown yet but nearer station up above generally will be priced higher compare to development further down the MRT line.

4) No. Oversupply will be the major concern.

if im not wrong developer offered 3 aircond for 650sf unit
not sure for type b and type c

1)fully furnished might hit 5% ROI or at least 4% ROI

2)potential tenant would be young couple who take public transport (MRT and etc) to work. looking forward goverment are pushing ppl to take mrt rather than driving in the future

3)to me this project are a bit different though ekocheras also have covered walkway to MRT but to compare with ASTER was much shorter path and more privacy

4)6000 unit to be ready by next 4 years but project with link bridge to MRT i guess not much choice


***above was my own opionion only ***

In 4 years time when Aster is completed together with all the surrounding condos, with TRX completed, and the existing Bukit Bintang, KLCC and other existing amenities.... plus MRT line 2 completion targeted by Year 2022( interchange station in TRX). All these will be the PULL FACTOR for demand for residential properties with close proximity to MRT stations, especially for stations near to the centre of KL.

To name an example, young professionals from outstation working in KL who cannot afford KL rental will opt to move to the city fringe to look for accommodation. This is the transformation of the property scene that had happened in many developed cities.

We should not be overly worried about the oversupply now because the effect of this shift caused by the PULL FACTOR had not been felt yet.

Look at the train station in Bangkok, it's crowded almost all the time. When the transformation is done, there will be strong demand for MRT linked properties.

This post has been edited by fbs: Apr 14 2018, 06:07 PM


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Can give examples totalled to 6k units? Thx

450-500psf? same price as Maxim Majestic? Are u serious?

The sad truth nowadays is people always look at the price instead of value of the property. Few years down the road after Aster and MM completed, do you think MM can command a higher rental as compared to Aster? Or given the rental is the same, do you think tenants will choose Aster or MM?

Taking into account The Annex phase 2 of at least 2000 units.
Maxim Residence
Majestic Maxim
Aster Residence
The Annex Phase 1

Without adding in Connaught Avenue coz it is an old worn out building.

Yes, we can use a filtered hood, it's ductless.

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.

good opinion, the reason i purchased mm over aster simply because cheaper, more convenience access to econsave and also accessible to MRT station with pedestrian bridge.

My goal is clear as it's only for investment. This is what I guess most tenant prefer.

For Aster, it offered different kind of market and its flexibility to switch to one another.

ppl go to econsave everyday or taking mrt everyday?

Sharp