Biggest size in the project which is 1200sf type

Was told by the sales agent that the prices have increased. I was expecting the other way around. The rebate is now at 13% according to the sales agent.

Because Early-bird promo was ended

what is the take up rate now? official website still say launching soon..

The land cost is considered high? Normally, what's the % of GDV for land cost? and also construction cost?

Anyone has the knowledge, please share, thanks

yup will be launching soon
taken up rate about 30% for now

This post has been edited by girl_fashion: May 22 2020, 09:39 PM

There isn't a definitive number. But in general, for the past few years, the compounded annual growth rate (CAGR) for land in terms of % is higher than that of other components, such as material, labour or machinery, and even the house price itself. What this simply means is that the land cost is becoming more and more significant a component of the total house price.
It by no means tells the profit margin of the developer or anything of that sort.

I've been eyeing this project almost few months. Wanted to know if the project is BBB worthy or not. If anyone can share their opinion.


This post has been edited by fifysulaiman: May 29 2020, 01:06 AM

Looking for own stay or investment?

my opinion, for own stay is quite a good deal

For investment

What about if for investment purposes?
Not good deal?

If a property is heavily skewed towards buyers who are purchasing for own stay, it is a very good property as far as appreciation and maintenance. Because historically, buyers who stay in will take care of their property more than the property that they rent out. This can be in terms of payment of monthly maintenance, being more involved in the local community and also upkeep/cleanliness of the common area of the property/building. There is a higher chance that they will spend more on renovation of their own houses that they are staying in than the properties that they buy to rent out. Last but not least, buyers who buy a property for own stay will mean there will be less supply in the market in terms of units for sale and also rent. This will generally mean better price stability and the ability to command much higher prices when it comes to sales or rental.

Likewise, it is the same the other way round. Property that is heavily skewed towards rental, will be less likely to be properly maintained compared to a property that is heavily occupied by owners. Can expect the property to be 'thrashed' more heavily in terms of cleanliness and noise pollution. This is also a direct effect of getting less dedicated people sitting on the JMB (Joint Management Body) of the building. Those who buy for investment, would usually not have the time to be on such committee. If they do join such committees, it will usually be their own property that they are staying in first, before joining others, assuming they really do have the time and this property for investment isn't too far from where they are staying. Best cases of poorly maintained properties which are heavily skewed towards buyers who buy for investment are properties that are under GRR schemes, which was popular about 10~20 years back. 100% of the units are all for rent, maintenance is generally very poor and most GRR properties ended up very badly, if not all.
Finally, will be the units for sale and rent. Certainly can expect the market to be flooded with units for sale and also rental once VP if majority of buyers are buying for investment (flipping/renting). Thus, the price instability, with potentially quite a lot of auction units as historically, there will be a fair bit of investors who are not able to sustain and will need to force release.

In summary, if a property is heavily skewed for own stay, then it is certainly good for investment!
By the way, dropped you a PM :-)

Thank you for the clarification sir. I guess its not a good property for me to invest in for now. Because I am looking for a well invested place for own stay. But more interested in landed property if I want to invest till I die. LOL.

This project is good for own stay & investment also!

anyone book already? today agent contact me, I fill up the form in mahsing website long time ago

already have landed opposite

This post has been edited by SiewLee30: Jan 25 2021, 09:15 PM

will be crowded especially the usual bazar ramadhan place. and also confirm people will park along the road when this project completed

gg. i live there for 29 years. gonna moving out soon.

Just one project,600** units only,surrounded by landed houses. why so mind about the density ?if management is good ,sure don't have parking problem.

everywhere condo parking always limited ma. these condo people confirm park outside whole wangsa melawati road.