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

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LiNKInPaRk108
post Apr 14 2018, 09:19 PM

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QUOTE(Fat3Twister @ Apr 14 2018, 07:29 PM)
» Click to show Spoiler - click again to hide... «

Can i add? Only one RM1 MRT feeder bus ride away to TBS station. There got regional buses, KLIA Transit, KTM, LRT. MRT3 also intersects at Tmn Midah station.
keneeth111
post Apr 14 2018, 10:26 PM

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QUOTE(tongyk @ Apr 14 2018, 08:10 PM)
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.
*
pedestrian bridge?

confirmed or proposed??

can show in pics?

Btw, I've verified with MM agent that the pedestrian bridge from MM to Cheras Sentral Mall is not approved/confirmed yet.......

correct me if my source is not correct....


zugzwang
post Apr 14 2018, 10:41 PM

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Thank you for all your valuable input.

Much appreciated.

Rgds.
zugzwang
post Apr 14 2018, 10:51 PM

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My take is :

1) The population in Klang Valley is ever growing and people need housing to fulfill their basic needs.

2) Yes, the condos and service apartments are mushrooming in Klang Valley. I think the reason is because developers are not building landed properties in prime area anymore. Even if they do, the price will be sky high. If you want to get a decent priced landed property, you have to look further in areas like Kajang and Semenyih.

3) As such, the better condos in Klang Valley (in terms of location, built quality and good management) will have no problem attracting customers/tenants to buy/rent.

Just my dua sen.

Rgds.
AskarPerang
post Apr 14 2018, 11:05 PM

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QUOTE(Fat3Twister @ Apr 14 2018, 07:29 PM)
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.


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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.
tongyk
post Apr 15 2018, 01:31 AM

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QUOTE(keneeth111 @ Apr 14 2018, 10:26 PM)
pedestrian bridge?

confirmed or proposed??

can show in pics?

Btw, I've verified with MM agent that the pedestrian bridge from MM to Cheras Sentral Mall is not approved/confirmed yet.......

correct me if my source is not correct....
*
Approved d
tongyk
post Apr 15 2018, 01:34 AM

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QUOTE(BEANCOUNTER @ Apr 14 2018, 08:19 PM)
ppl go to econsave everyday or taking mrt everyday?
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If you look at the rental in kuchai lama, surprisingly those service apartment on the same class next to Nsk fetch better rental than those which is not. I guess if I can get two in 1, MRT + convenience shops around rather than just MRT, why not?
tongyk
post Apr 15 2018, 01:35 AM

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QUOTE(fbs @ Apr 14 2018, 08:36 PM)
Sharp
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2 in 1 with cheaper rental, why not? anyhow also can access to MRT.
jefferycks
post Apr 15 2018, 08:10 AM

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If developer can give freebies like hood and dryer definitely solve buyer worries regarding the no yard layout...

To me the main concern regarding this project was the no yard layout. How to do laundry without a yard?
It would be best developer was to give free dryer...
W.ROOK
post Apr 15 2018, 10:02 AM

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QUOTE(tongyk @ Apr 14 2018, 08:10 PM)
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.
*
That Econsave exclusively only for MM residents or open to public? If it is open to public than its another +point for
Aster not MM I think..... convenience yes but lack of privacy, commercial vehicle,smell,noise.
W.ROOK
post Apr 15 2018, 10:11 AM

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QUOTE(AskarPerang @ Apr 14 2018, 06:38 PM)
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.
*
Actually that 6000+ and don't know how many more thousands in the pipeline, is a major2 concern for investors, that is why the property has to be unique and stand out from the rest and this case Aster Residency is one of them.

BEANCOUNTER
post Apr 15 2018, 10:30 AM

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QUOTE(jefferycks @ Apr 15 2018, 08:10 AM)
If developer can give freebies like hood and dryer definitely solve buyer worries regarding the no yard layout...

To me the main concern regarding this project was the no yard layout. How to do laundry without a yard?
It would be best developer was to give free dryer...
*
only give free baru can buy an apartment meh??????? pls lah....look at the bigger picture.....how much a dryer and hood cost you? less than 4k. how much is the apartment??

BUT

the issue aside, does the smaller unit of apartment in Aster got space to put dryer boh? how to channel the hot air produced by dryer to outside? Same with hood. Anyone uses those hood without outlet type? it can only filter oil but not smell. when you fry fish or sambal...see if you can still keep your already small apartment smell fresh without dry yard.

AND

where to store your mops and other cleaning solution? hang in bathroom?

Honestly i was lucky (or unlucky in a way) to stay and witness in few of these so called 'boxed in' apartments with no exterior space within the 4walls, and without even a utlity room. I dont know how malaysians can actually live in such condition exccept use the apartment as 'stritly sleeping and shower' only space.

raymondtan84
post Apr 15 2018, 10:31 AM

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QUOTE(W.ROOK @ Apr 15 2018, 10:11 AM)
Actually that 6000+ and don't know how many more thousands in the pipeline, is a major2 concern for investors, that is why the property has to be unique and stand out from the rest and this case Aster Residency is one of them.
*
The only unique thing is the 56m Bridge. If you have seen the YouTube videos the walk from annex is actually very easy and part of it is covered. Once annex phase 2 is completed I expect aster selling point will be less.
kueks
post Apr 15 2018, 02:09 PM

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is the showroom in velocity ready?

end of this month ?
TokCoc
post Apr 15 2018, 02:22 PM

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QUOTE(raymondtan84 @ Apr 15 2018, 10:31 AM)
The only unique thing is the 56m Bridge. If you have seen the YouTube videos the walk from annex is actually very easy and part of it is covered. Once annex phase 2 is completed I expect aster selling point will be less.
*
Mind to share the video?
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.
*
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 ?
*
Yes, it will be ready end of this month.
Will update here once it's ready.
BEANCOUNTER
post Apr 15 2018, 02:44 PM

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QUOTE(Fat3Twister @ Apr 15 2018, 02:42 PM)
You're right. I left out You City.
After a quick check, You Vista 2 rooms fully furnished RM1800-2000.
*
R u sure You Vista can demand so high rent??????
TSFat3Twister
post Apr 15 2018, 02:53 PM

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QUOTE(tongyk @ Apr 15 2018, 01:35 AM)
2 in 1 with cheaper rental, why not? anyhow also can access to MRT.
*
Yes, I agree with you on this. As mentioned above, MM and Aster has their own group of tenants.
If the tenants go to Econsave often and not using MRT daily, then they can opt for MM and get a cheaper rental.
On the other hand, some tenants who use the MRT everyday, they are willing to pay slightly extra to be nearer to MRT station.

Look at Aster, Maxim Residence, Maxim Majestic, Annex, you might see many units here, but all of them are not same. Exact location different, facilities different, layout different, distance to MRT different, etc. So tenants/buyers in the future will rent/buy based on what matters to them, whether they want to stay nearest to Econsave/MRT/shop offices etc.

This is different from having 4000 units within the same site, with the same layouts, same facilities, same finishing. Then the competition is very high because it is hard to differentiate between the units, except the preference for the level and facing.
TSFat3Twister
post Apr 15 2018, 02:54 PM

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QUOTE(BEANCOUNTER @ Apr 15 2018, 02:44 PM)
R u sure You Vista can demand so high rent??????
*
You may call the agents to check. I'm talking about fully furnished ya.
You Residences will be much cheaper. You Vista's asking rental is higher.

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