After you settle and pay all the miscellaneous fees and commissions, most likely you’re out of pocket even if you sell like 5% above nett let alone losing at nett.

Who buys subsale newly vp property nowadays?

This post has been edited by Cavatzu: Sep 24 2022, 08:23 PM

Well the one thing they have going is the nice layout to have ensuites for all bedrooms (900+ sf) thus making it quite conducive to room rental.

So many areas will suffer not just here. But truly Cheras will be relegated to position of crowded concrete jungle but affordable.

This is a really well done development. Probably best value for money I’ve seen for under 600 psf.

I’d be surprised if this is not cashflow positive as it can compete with the 700 psf projects as well as having a direct MRT link.

Have a look. It’s just very well done for the price point. Haven’t seen projects in the 500+ psf range turn out like this.

This post has been edited by Cavatzu: Sep 4 2023, 08:53 PM

Something has to give la at this price point. It’s an ideal investment product to squeeze 3 bedrooms with ensuites in 950 sqft in an era of no partitions is a win. The look and feel is of a more premium product.

Yea people need to get out of that mind set that tenants are second class citizens. Though to be fair it’s changing rapidly and the oversupply issue has caused landlords to chase and subsidise tenants.

You assume much young Padawan. There’s so much criticism against so many developments that once in a while it’s nice to call out the good ones that are not super expensive.

Think at the lower scale of the budget nowadays, you have to accept living next to a take your pick - HTC, STP, cemetery, busy Highway, red light district etc. These apply to established areas unless you go somewhere greenfield.

Anything helpful to say? No? Kthxbye. If I was an agent, I’d make my mark being super sarcastic to all imbeciles.

This post has been edited by Cavatzu: Sep 6 2023, 09:09 AM

That’s my point. How many projects do you know in the 500+ psf range recently VP actually appreciated? Multiple reviewers have come out and said this projects looks more “expensive” than what it costs.

Why would I have to justify what I buy or not? I’m not a Cheras person so I wouldn’t have thought of this location. All I’m commenting on is the layout, design quality and the MRT proximity.

I don’t shop at this price point. I look at the relative value of the development - if you paid 500 psf and you get 700 psf quality isn’t that a good thing?

Something like Southbrooks DPC comes to mind - sold at 600+ psf now like 900 psf subsale.

You got more than what you thought you’d get because we are all conditioned to believe that developers are money sucking leeches completely out to get you. And for many projects yes that is the case.

Outliers are just that. I don’t see this from the main property portals and general feedback. Feel free to write off something from a singular comment from a YouTuber without context.

This is why the Malaysian elections are this way. People believe everything they hear without further verification. God help us all. Simple minds seek simple explanations…

Fine. The fact remains that DPC has created the perfect storm with expats and affluent locals chasing the properties simply because they provided a nice living environment and allowed dogs to roam around which is a rarity in this country. So the rule of supply and demand dictates that what is haram in one country is $$$ to some.

Anyway back to this development, no where near that level but a very good effort for a pocket Cheras development. We have so many to compare in the last 5 years so this stuck out not because I am an agent or have a vested interest. I shop in a different category but I recognise quality and effort when I see it.

This post has been edited by Cavatzu: Sep 6 2023, 08:49 PM