QUOTE(leemung90 @ Sep 5 2022, 01:13 AM)
I heeded your all advise and scout nearby and even arrange a viewing at KL Gateaway today and a quick tour at Goodwood. Time for me to contribute some intel too, hahaha.
Location
I went to see KL Gateway, the location is the best in Bangsar South. From Federal Highway, it is just around the corner. It is also beside and linked with LRT, the agent told me it is LRT University. And it is nearer to the UM, I guessed that's why they named it University. The mall is just below and there are variety of foods. My favourite Subway is opening an outlet there. It is also very visible from Federal Highway.
KL Gateway Location: 5 Stars
Goodwood however is located much inner part of Bangsar South. Need to go straight up the hill then turn at the traffic light, the entrance is not too obvious. If there is traffic jam, it would take sometime just to turn into that juncture. First impression not so good. There is covered walkway to the next mall (Nexus? Or Connection? not sure) but it is just covered walkway, not a linked bridge that covered all nor it is below the condo like KL Gateway, if raining sure get wet. And from there, they mentioned there is another bridge to the offices? Locations wise, I can see if traffic jam with car it would be nightmare. Walking distance to offices is achievable but still 10 minutes walk at least (and no rain). It is also far from UM, unless someone drive (then stuck in the jam) else it would really be a hard sell compare to KL Gateway.
Goodwood Location: 3 Stars
Facility
KL Gateway facility is almost identical to Goodwood, some main facility like Gym, Pool, BBQ area is there. It is not very outlandish but very practical. I personally dislike the pool as it seems to be surrounded by buildings and have no privacy. But what impressed me is the business center there. People can work there or have a lounge to relax. This is a big bonus for working adults as we worked from home and away from the kids and family but not too away. We just need a place to have a cup of coffee and do some work alone before heading upstairs for dinner/lunch. I much prefer a business center and I think working adults would love it too. Get a cup of coffee downstairs and we could start work there.
KL Gateway Facility: 5 Stars (minus the pool)
The first impression I walk into Goodwood I am impressed with the greenery there. There are butterflies flying around and I like the ambience of the resort feeling. The clubhouse is a standalone building which adds better impression. There are a lot of facility around. Unfortunately, it doesn't seems very practical even for a retiree, much less for family adults. The signature Water Fountain is nice but... let's just said I knew it's costly to run. And there is Karaoke, not too sure if it is catering for whom. The multipurpose hall is not impressive but just passable. The garden is nice with a breeze of wind, I still enjoy the butterflies. But from there it is puzzling that a hydrotherapy pool is there. Very puzzling. I am unsure who is going to use it, I myself go physiotherapy and I recognised that the pool is very expansive to maintain. Then there is Mahjong room. No business center, no splashy multipurpose hall, a bit of let down.
Goodwood Facility: Not too sure. Read my conclusions.
Ambience/ Overall feeling
KL Gateway lobby is splashy. It is the 5 Stars hotel style (believe me, I go 5 Stars hotel every week) with spacious sight. The decoration is certainly fit into the kind of high living where you expect things to be 5 stars. Then you will be ushered into the private lift that goes to the unit. The impression I get is that the lift only cater for those private units and not sharing. It is only to your doorsteps. I think it is private lift for every unit? It seems the occupants there are well off or professionals. What I dislike is the small exit to the mall, which seems to me like a shortcut than an exit for this upscale condo. But that is not the main entrance and it doesn't cause bad image to the building, just bring your friend through the main lobby and they would be impressed.
KL Gateway Ambience/ Overall feeling: 5 Stars
Although I am impressed with the Clubhouse and the exterior of it, I am not too impressed with the inside. I think the overall finishing is passable. Not too sure is it my predisposition that Goodwood is luxurious or upscale, I simply unimpressed with the interior. The lift seems to be shared by too many units and the finishing is not too luxurious, giving me an impression it is a midscale one. Perhaps this place is a mid scale project? But I am unsure because the price tag and the rental range indicates otherwise. Honestly, to me it is a letdown. Maybe from the exterior I thought of better interior but... and there isn't much lobby to be presented with. The lobby is just empty and normal. Goodwood is new, and I don't see much occupants, but I have an impression that this might be a family friendly place, just not the upscale luxurious projections I expected.
Goodwood Ambience/ Overall feeling: 3.5 Stars
Conclusion
Before I start my conclusion, I am just a newbie and I just mentioned what I saw, maybe property investment has more considerations that I missed. Some enlightenment and encouragement is welcomed.
I have the feeling that Goodwood have lots of hit and missed. I am confused as to whom is living there, perhaps they are targeting everyone? I even saw Mahjong room, which is something I never seen at any condo. Another facility hydrotherapy pool, this one I think is an over over over-kill offerings, it is needy to someone who needs it, but even me don't really need a hydrotherapy pool despite I am having back pains, because without professionals it would not be advisable to use it. Then the water fountains while it is impressive, it just not practical to open it everyday every moment, then what's for? The facility is as if they are putting everything inside but not much is practical. Perhaps a nice business center and multipurpose hall would be much impressing. But Goodwood is exactly lacking these two. The business center or working space as they put it, is simply a bean bag room. I certainly won't work there. I really hope some modifications could be done or at least rectify it. Perhaps converting one of the rooms into business center or collaborating with physiotherapy center to use the hydrotherapy pool? Overall, facilities are an overkill but non practical.
Location wise, facility wise, ambience wise, I think KL Gateway should command a premium to Goodwood. No doubt. Like Calvin said, the law of demand vs supply and competition dictating the price. If KL Gateway price at that level, Goodwood shouldn't be over it. I don't think that being NEW would be sufficient to compensate what Goodwood is lacking or not offering. Getting someone to pay high price to some unit is lucky, getting everyone to pay high price for every unit is like betting roulette. I doubt the roulette would be good for investors who is not gambler.
My investment decision is based on the rental. Given the situation, the rental I think would be lower or maximum on par with KL Gateway. Some people might prefer a new place and they like the new scent (My boss once told me those are chemical and harmful, hahahaha) and pay a higher rental, but overall market must be taken into consideration. I think RM3500 fully furnished might be a bit too optimistic, even with KL Gateway might be renting the top range of RM4000, like Cavatzu said the RM3500 is remained to be seen, and KL Gateway is asking is at RM3300-RM4000 max with an average of RM3500. There are the doubts I have and I think I will observe first. Being new as a selling point alone doesn't really suits my risk appetite, neither it would suits I think for most property investors, as the new could become the old and the new new comes sooner than we thought, as always. If the rental longevity could not be sustained, it would be pointless to take such a long tenure loans.

Thanks for your lengthy review and really appreciate your effort on this. Location
I went to see KL Gateway, the location is the best in Bangsar South. From Federal Highway, it is just around the corner. It is also beside and linked with LRT, the agent told me it is LRT University. And it is nearer to the UM, I guessed that's why they named it University. The mall is just below and there are variety of foods. My favourite Subway is opening an outlet there. It is also very visible from Federal Highway.
KL Gateway Location: 5 Stars
Goodwood however is located much inner part of Bangsar South. Need to go straight up the hill then turn at the traffic light, the entrance is not too obvious. If there is traffic jam, it would take sometime just to turn into that juncture. First impression not so good. There is covered walkway to the next mall (Nexus? Or Connection? not sure) but it is just covered walkway, not a linked bridge that covered all nor it is below the condo like KL Gateway, if raining sure get wet. And from there, they mentioned there is another bridge to the offices? Locations wise, I can see if traffic jam with car it would be nightmare. Walking distance to offices is achievable but still 10 minutes walk at least (and no rain). It is also far from UM, unless someone drive (then stuck in the jam) else it would really be a hard sell compare to KL Gateway.
Goodwood Location: 3 Stars
Facility
KL Gateway facility is almost identical to Goodwood, some main facility like Gym, Pool, BBQ area is there. It is not very outlandish but very practical. I personally dislike the pool as it seems to be surrounded by buildings and have no privacy. But what impressed me is the business center there. People can work there or have a lounge to relax. This is a big bonus for working adults as we worked from home and away from the kids and family but not too away. We just need a place to have a cup of coffee and do some work alone before heading upstairs for dinner/lunch. I much prefer a business center and I think working adults would love it too. Get a cup of coffee downstairs and we could start work there.
KL Gateway Facility: 5 Stars (minus the pool)
The first impression I walk into Goodwood I am impressed with the greenery there. There are butterflies flying around and I like the ambience of the resort feeling. The clubhouse is a standalone building which adds better impression. There are a lot of facility around. Unfortunately, it doesn't seems very practical even for a retiree, much less for family adults. The signature Water Fountain is nice but... let's just said I knew it's costly to run. And there is Karaoke, not too sure if it is catering for whom. The multipurpose hall is not impressive but just passable. The garden is nice with a breeze of wind, I still enjoy the butterflies. But from there it is puzzling that a hydrotherapy pool is there. Very puzzling. I am unsure who is going to use it, I myself go physiotherapy and I recognised that the pool is very expansive to maintain. Then there is Mahjong room. No business center, no splashy multipurpose hall, a bit of let down.
Goodwood Facility: Not too sure. Read my conclusions.
Ambience/ Overall feeling
KL Gateway lobby is splashy. It is the 5 Stars hotel style (believe me, I go 5 Stars hotel every week) with spacious sight. The decoration is certainly fit into the kind of high living where you expect things to be 5 stars. Then you will be ushered into the private lift that goes to the unit. The impression I get is that the lift only cater for those private units and not sharing. It is only to your doorsteps. I think it is private lift for every unit? It seems the occupants there are well off or professionals. What I dislike is the small exit to the mall, which seems to me like a shortcut than an exit for this upscale condo. But that is not the main entrance and it doesn't cause bad image to the building, just bring your friend through the main lobby and they would be impressed.
KL Gateway Ambience/ Overall feeling: 5 Stars
Although I am impressed with the Clubhouse and the exterior of it, I am not too impressed with the inside. I think the overall finishing is passable. Not too sure is it my predisposition that Goodwood is luxurious or upscale, I simply unimpressed with the interior. The lift seems to be shared by too many units and the finishing is not too luxurious, giving me an impression it is a midscale one. Perhaps this place is a mid scale project? But I am unsure because the price tag and the rental range indicates otherwise. Honestly, to me it is a letdown. Maybe from the exterior I thought of better interior but... and there isn't much lobby to be presented with. The lobby is just empty and normal. Goodwood is new, and I don't see much occupants, but I have an impression that this might be a family friendly place, just not the upscale luxurious projections I expected.
Goodwood Ambience/ Overall feeling: 3.5 Stars
Conclusion
Before I start my conclusion, I am just a newbie and I just mentioned what I saw, maybe property investment has more considerations that I missed. Some enlightenment and encouragement is welcomed.
I have the feeling that Goodwood have lots of hit and missed. I am confused as to whom is living there, perhaps they are targeting everyone? I even saw Mahjong room, which is something I never seen at any condo. Another facility hydrotherapy pool, this one I think is an over over over-kill offerings, it is needy to someone who needs it, but even me don't really need a hydrotherapy pool despite I am having back pains, because without professionals it would not be advisable to use it. Then the water fountains while it is impressive, it just not practical to open it everyday every moment, then what's for? The facility is as if they are putting everything inside but not much is practical. Perhaps a nice business center and multipurpose hall would be much impressing. But Goodwood is exactly lacking these two. The business center or working space as they put it, is simply a bean bag room. I certainly won't work there. I really hope some modifications could be done or at least rectify it. Perhaps converting one of the rooms into business center or collaborating with physiotherapy center to use the hydrotherapy pool? Overall, facilities are an overkill but non practical.
Location wise, facility wise, ambience wise, I think KL Gateway should command a premium to Goodwood. No doubt. Like Calvin said, the law of demand vs supply and competition dictating the price. If KL Gateway price at that level, Goodwood shouldn't be over it. I don't think that being NEW would be sufficient to compensate what Goodwood is lacking or not offering. Getting someone to pay high price to some unit is lucky, getting everyone to pay high price for every unit is like betting roulette. I doubt the roulette would be good for investors who is not gambler.
My investment decision is based on the rental. Given the situation, the rental I think would be lower or maximum on par with KL Gateway. Some people might prefer a new place and they like the new scent (My boss once told me those are chemical and harmful, hahahaha) and pay a higher rental, but overall market must be taken into consideration. I think RM3500 fully furnished might be a bit too optimistic, even with KL Gateway might be renting the top range of RM4000, like Cavatzu said the RM3500 is remained to be seen, and KL Gateway is asking is at RM3300-RM4000 max with an average of RM3500. There are the doubts I have and I think I will observe first. Being new as a selling point alone doesn't really suits my risk appetite, neither it would suits I think for most property investors, as the new could become the old and the new new comes sooner than we thought, as always. If the rental longevity could not be sustained, it would be pointless to take such a long tenure loans.

From the investment POV, do you think it's feasible in long run?
Sep 11 2022, 05:43 PM

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