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Investment CHAMBERS RESIDENCE KUALA LUMPUR, Get High In The City's Latest Abode

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gks
post Mar 1 2018, 10:44 AM

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By Matrix Concepts aka Master developer of Bandar Sendayan ?

http://www.theedgemarkets.com/article/matr...oject-september.

In this maiden venture into KL, Matrix Concepts plans to launch 507 units of serviced apartments with built-up sizes ranging between 450 sq ft and 1,000 sq ft.

“Indicatively, the selling price of the units will be around RM1,000 psf to RM1,300 psf. If it’s a fully-furnished unit, the price will be higher,” he added. The project is located at Jalan Putra, KL, close to PWTC and the Putra Light Rapid Transit (LRT) station.



gks
post Mar 9 2018, 10:03 AM

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QUOTE(aaron1717 @ Mar 9 2018, 09:47 AM)
this location around 800++ psf... near sani hotel... slightly further away from pwtc and lrt station... but its better option than duta park... at least shoplots are nearby... and walking to lrt station is not that torturous... but their largest size seems like less than 1000 sq ft... cater for Airbnb again..... =.=
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Different strategy I guess. Just look at Bistari Condo for nearest benchmark.

The location of dutapark reflected in the price..starts from rm550psf+..
gks
post Mar 9 2018, 10:14 AM

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My gut feeling the studio will be ok, rental demand and rate wise. Regalia is doing rm2-2.3k studio despite some discount should be accorded on this Chambers.
Most important is fully fitted kitchen include microwave hood and hob.. to fully furnish maybe another rm10k...
Based on rm370k (what I heard), based in LTV 70, should able to breakeven or small +ve CF.
gks
post Mar 9 2018, 04:37 PM

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QUOTE(hairi82 @ Mar 9 2018, 04:35 PM)
This project quite good imho..very low density..low competetion..BBB
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How you call a project 500units/acre is low density? rclxub.gif
gks
post Mar 9 2018, 04:43 PM

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QUOTE(hairi82 @ Mar 9 2018, 04:41 PM)
Aiyo, u want 200 unit ah..where to find..
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That is not the point... 500units/acre is not low density...
gks
post Mar 9 2018, 04:52 PM

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Give more details. The breakdown of each type...
gks
post Mar 12 2018, 09:02 AM

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QUOTE(BEANCOUNTER @ Mar 9 2018, 05:11 PM)
Am more worried abt 9storey of cp podium.....

Is this project got dedicated ramp to each floor?

Otherwise pusing pusing sampai pesang....
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1 acre land. do not think they have space for dedicated ramp.

gks
post Mar 12 2018, 09:13 AM

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QUOTE(hairi82 @ Mar 9 2018, 09:43 PM)
So low dens or not gks..
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My view it is still high density development similarly to other newly launch such as Vertical (Cheras), Southlink (BS), Centura (Sentul), TR (Titiwangsa) etc.

Then again this is the trend of newly launch development in Kuala Lumpur where DBKL relaxed the plot ratio of the development in exchange for more affordable properties.

Just a sharing there are still new launch with 200unit/acre density such as like Rica Sentul where 85% of units consists of 1 & 2 bedrooms variance and below 1000sqft. You just need to look harder...
gks
post Mar 12 2018, 01:08 PM

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QUOTE(crazymiao83 @ Mar 12 2018, 10:02 AM)
Did they have the sales gallery already? Seems like the location is better than Duta park, Looking for investment in a property smile.gif
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Location is definitely better... and reflected in PSF. smile.gif
gks
post Mar 22 2018, 05:48 PM

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QUOTE(AskarPerang @ Mar 22 2018, 05:28 PM)
Ppl assume taking regalia located nearby as the datum. Reason why regalia is popular airbnb spot coz of the fantastic infinity view only. Chambers will totally be no match.
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Wait until the juggernaut Sky Suites is VP-ed.. all the airbnb operators in The Face, Vortex, Regalia, Summer Suites will migrate there....
gks
post Apr 23 2018, 06:38 PM

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QUOTE(Vector88 @ Apr 23 2018, 06:28 PM)
Personal experience, unit with balcony easier to rent out compared to unit without balcony.

Rental value wise almost the same.

In Chambers, units with balcony is limited, only less than 90 units if not mistaken, ie < 20% of the total units. So it should fare better in rental market, liquidity wise.
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Which is kinda true because you increase the pool of the tenant such as smokers etc.

However the balcony shouldn't be on the expenses of internal space utilization.
gks
post Jun 4 2018, 02:03 PM

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The redevelopment of ex-putra bus station should be on HOLD now since UMNO already lost the government....
gks
post Jun 4 2018, 03:46 PM

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Two great example of Airbnb Magnet is regalia and platinum face
And because of affordable rate, Airbnb friendly JMB and rooftop infinity pool.
gks
post Jun 4 2018, 06:14 PM

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Sky suites has high entry cost and zero rebate.
The studio here is sub rm400k with attractive rebate.
gks
post Sep 6 2019, 11:17 AM

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QUOTE(lordwood @ Sep 5 2019, 10:42 PM)
It seems the progress is quite slow.

 

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