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 ARRA Residences @ LRT Ara Damansara, Truly Integrated TOD

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aaron1717
post Mar 31 2019, 05:23 PM

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QUOTE(BEANCOUNTER @ Mar 16 2019, 12:52 PM)
does the developer has sales gallery???

I don't like to go to agent.
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newbie developer combo... most probably tak ada own staff yet... appoint an agency as their outsource marketing team + exclusive agency.....
aaron1717
post Apr 3 2019, 10:50 AM

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QUOTE(BEANCOUNTER @ Apr 3 2019, 10:03 AM)
look at the addresses of the completed units, where were those buildings to begin with. How can they even sell 400psf at si beh far location?????

they managed to lock in prime land at ARA, they have to sell the market rate, not kuala pilah market rate.

and this ARRA is not high end condo (should read SOVO or Service Apartments) by any stretch of imagination. At best it will be par with pacific place.
Four positives for this project to me
1. Connected to LRT
2. FREEHOLD
3. Ready amenities nearby (not to my liking BUT....)
4 Fame Address
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wa... seems like u found your ekocheras no.2 liao rclxm9.gif rclxm9.gif
aaron1717
post Apr 4 2019, 08:48 AM

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QUOTE(BEANCOUNTER @ Apr 3 2019, 06:41 PM)
I gave 4 pros

I haven't written the cons yet  devil.gif
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QUOTE(BEANCOUNTER @ Apr 3 2019, 06:42 PM)
u tok like I only have ekocheras  blush.gif
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no la... the most recent active mrt/lrt project that u will appear most is that ma.... haha... waiting for your cons bro.... devil.gif devil.gif
aaron1717
post Apr 5 2019, 02:15 PM

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and dont forget... add offices and hotel units... overall development may have more than 2,000 units from the look of it.... pengsan-ed
aaron1717
post Jun 12 2019, 10:02 PM

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QUOTE(BEANCOUNTER @ Jun 12 2019, 09:20 PM)
The rest of yr insertion here i dun even want to debate with you.

I hope you have pretty good evidence to support the above...
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user posted image

if we just filter out those that seems obviously fake transactions... those reasonable pricing seems indicate there are not much appreciation since launching price... considering expenses spent on owning the property...
aaron1717
post Jun 13 2019, 12:01 PM

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QUOTE(juvaan @ Jun 13 2019, 11:50 AM)
fair point. i dont think this is specific to just eve suites and pacific place. the overall property market has been damp and stagnant for the past 5 years at least. Due to oversupply and low demand.

Let me tell you a true story. Maybe not 100% related to the overall property market but a true reflection of the oversupply and overpricing by developers.

When i used to rent a DSL at SS4C (literally 5 min walk from KJ LRT), back then the market value of those houses were minimum 1.2m and up to 1.5m for corner units. V U can cross ref against brickz. My landlord had a unit which he purchased around 400K around 15 years ago - had a beautiful taman, very quiet and wide roads can aprk 3-4 cars - facilities such as pasar malam, convenience shops, cafes, petrol stations, laundry, all within walking distance. it was the perfect neighborhood.  Everything went well, rental was good, tenants kept coming, and heck he even considered making partitions in the house to capture a higher room rental income. KJ being the final station for the putra line, it was always bustling and the KJ car park (including the dirt road) was always packed by 8am.

Then something happened in 2015. The extension of the KJ lrt to putra heights opened. Suddenly people had more options to rent units along the KJ line. park and ride people stopped driving to KJ. Today the KJ carpark is barely half filled. My landlord suddenly couldnt get anymore tenants. for a full year, a house of 4 rooms only managed to get 1-2 rooms filled. The same was happening to surrounding rental units. Suddenly KJ property was not so desirable anymore. cant imagie those who bought above 1m, suddenly their value dropped 20% within a year.

He decided to sell it. and the best offer after 2 years on the market? 850k.

LRT/MRT does add value to your property but to a certain extent. due to increased connectivity, people suddenly have much more options. As long as the market is saturated, prices will stay stagnant. Regardless its near LRT/Highway. If you have the mullah to do so, by all means go for your preferred "lifestyle condo".
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lol.... bro... why i the one kena pulak... I'm just showing to the forummer... direct linked LRT property not really appreciating... rental is holding there for the early buyers as its 5% yield only... other than that... I can't see any fantastic good performance LRT property due to LRT itself and not because of the bull-run factor....

same applies to near highway properties... nothing special... I'm focus on matured amenities rather than LRT or accessibility... in Malaysia itself, your tenant or even your future subsales buyers would prefer convenience to daily amenities nearby rather than just beside LRT or easy exit to highway... of course if its an mega integrated TOD project then it will be more make sense to consider...
aaron1717
post Jun 13 2019, 12:28 PM

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QUOTE(BEANCOUNTER @ Jun 13 2019, 12:12 PM)
Aaron kor
These were the subsale prices.
Where were the launching prices???? How do you ascertained that both eve suites and pacific place now were sold BELOW launching price as claimed by some 30+ yrs pj boy???

And he cant even backed up his insertion. Really rubbish talker.
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eve suites launching price hard to find wor... only have a friend currently owning a 680sqft unit... last time bought during early bird launching for 370k nett... those that bought later may have increase price also....
aaron1717
post Jun 16 2019, 09:21 PM

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QUOTE(paylink @ Jun 15 2019, 02:45 PM)
Heard they said is reserved for prasarana staff, if affordable housing already announce in Prima or selangorku I believe.
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wont so fast la... apdl belum dapat lagi pun....
aaron1717
post Jun 16 2019, 10:07 PM

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QUOTE(Bjorn1688 @ Jun 16 2019, 09:32 PM)
Still no APDL??

I'm a bit lost here, what's the relevance of Eve Suites pricing to this?
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eve suites consider as the only older TOD project in AD address... but eve suites is at lembah subang lrt station...

yea... still no apdl and show unit not yet done also... only have 7xxsqft and 1xxxsqft show unit...

 

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