Now become grade AA? Wow!

Why forumners here obsessed wirh what FRPG is pursuing and their grading?

One thing for sure... No free lunch in this world

Waw so hot this property.

ok la, let me summary all the thing.

Booster
1. KL metropolis (link)
2. MRT 3 (Cancel, slowly wait may b got, hearsay the land oredi bought by MRT but dun knw when will revive back. you know politic. very like U turn now)


Bad thing
1. HTC
2. Highway
3. Cemetery

Surrounding Condo
1. Icon Residence 800+ psf (rental 2500 for 2r2b, 900sf)
2. Solaris Parq 1000+ psf
3. Dimmersione 900+ psf
4. Arte MK 800+ psf
5. Met 1 900+ psf
6. Agile Kiara 1000+ psf

Now, got group of ppl do bulk purchase with the developer. Rumor say can get 650psf, which is highly possible. Based on that group connection with the developer.
Launching price for the public will be rm800psf min.

If RM650psf,
2 bedroom : fr RM450k, around 700sf size
3 bedroom : fr RM550k ard 850sf size

How grading works? (copy fr guru)
CA - Capital appreciation
CF - Cash flow
.
🔹GRADE A
- CA : 20% upon completion (minimum 3 boosters needed)
- CF : positive. More than $300.
.
🔹GRADE B
- CA : min 10% upon completion
- CF : positive
.
🔹GRADE C
- CA : not much upon completion
- CF : breakeven
.
🔹GRADE D
- CA : no profit even if sold
- CF : negative up to $500
.
🔹GRADE E
- CA : lost of more than $100k upon selling
- CF : negative more than $1000

if you buy 700sf (2 Bedroom, 2 Bathroom)
RM450K
RM2k per month installment + RM250 maintenance = RM2250 per month
As you see Icon, 2b2b fully furnish can rent 2500-3000. by the time this property after 4 year newly build, gv rental no up. rent out rm2500-3k also. u earning 250-650 positive cash flow. So that y that grp say grade A

if you buy 850 sf (3 Bedroom, 2 Bathroom)
RM550k
RM2.5k per month installment + RM300 maintenance = RM2800 per month
rental ard 3k-3.5k, 200-700 positive cash flow.

In conclusion, if really can get RM650psf. is a good project despite all the pros. HTC, Cemetery. u live there meh. tenant mah. we investor, see number only.
keep and flip also good. if developer launching is 800psf. u oredi earn 150 psf.

And if so many investor in this property, there will have price war as well. you need to have hold at least 1-3 year. Due to too many investor. in order let the market adsorb all first. may b break even rent out, most worst case. but still a good project in deed.

This post has been edited by cliffekent: Dec 2 2018, 06:41 PM

sure no free lunch, they sure get COM and they can buy even lower PSF. if they can gather so many ppl buy this project. Cos it help developer save agent com n marketing fees. FR is like their marketing team. Business bro, this is how rich ppl and leader doing. So we small kaki, need to do ur own due diligence.

More or less like "I help u, u help me, maaaa"..

Many people jealous bro... Thsts why... 650psf if they still cannot see its a grade a, then no need talk jor.. Can sell them other project

Based on locating the correct comparison seems to be with changkat view that stretch of road.

How come compared with low density icon where this project going to be 1159units?

Tbh I cannot make any conclusion based on info here but I guess if forumners keen should do more research in their own and not just rely on third party.

Why people who work in KL Metropolis want to stay beside highway noise, ktm noise, graveyard and gigantic HTC ? Where still got a lot of options nearby ?

Cos is newly completed. Not all ppl avoid highway noise, ktm noise, graveyard and gigantic HTC. Just like your lovely the netizen also. Got graveyard, also u buy 10 units

Correct. High density also. Need to take into this consideration. That why need time to absord. At least 1-3 years. May b bleed a bit when VP, due to high competition.
Because icon is on that area. Same 2b2b. Compare apple to apple.

Per square feet

Buy Buy Buy

Wakao...
Already become grade AA...
Later become AAA 😑😎

We are not from developer, we can only guess why. That's why i ask xeralis why since he's got people inside the developer's office.

If the price is as indicated yes its a

Askar perang already provided the prices of the projects in the area and the criteria for grade a. So yeah, its not a secret why. However, i see a lot of people do not understand the principles we used to evaluate projects.

HTC and graveyard. A lot of people already said no to this project although the thread is hot. rm800 psf sure cannot la. even rm600 hard to push.

Bro you've been to dutamas recently?

3 days earlier, you said you are newbie.

Now you said ‘people do not understand the principles we used...’

bro, every project has it’s supporters and detractors. The correct principle is to be come clear of your vested interest. You ini curi-curi pretend newbie, now pecah lubang you ada vested interest 🤦‍♂️

Well said bro haha