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 The future of sungai buloh?

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TSLazyKurosaki
post Dec 29 2019, 05:26 PM, updated 6y ago

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Hi all,

Today I went to see a few project below 500k. The project are

1. Embayu Residence @ Sungai Buloh
2. BLISS @ OKR
3. 216Residence @ Kuchai Lama.

Among the 3 project I see, embayu residence give me the feel at home kinda feeling. But I am not sure what's the future for property in sungai buloh especially high rise.

Embayu residence is located opposite nadayu 801. The project is also surrounded by landed double story houses + few shoplot there with mamak and 2 Chinese kopitiam jz to list a few.

I like the size offered by the project (1000sq ft), 2 car park and also the price jst ngam for me. The place is also quiet with not many traffic. However the only thing holding me back from placing booking is the area.

Will there be space for appreciation since not much public transport and amenities? Dash highway is expected to complete next year.

If I would to sell in the coming 5-10 yrs time, will it hard to let go? Is there any demand for the area?

If I I'm want to rent out the property, is there any demand for rental there?


TSLazyKurosaki
post Dec 29 2019, 07:00 PM

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QUOTE(dave1987 @ Dec 29 2019, 06:45 PM)
Don't think dash is completing next year

20 years will be good time to sell
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Is the appreciation value so bad that need wait so long?
TSLazyKurosaki
post Dec 29 2019, 09:29 PM

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QUOTE(chainyong @ Dec 29 2019, 09:18 PM)
U5 is under shah alam, actually all shah alam not doing good for township development.

I don't think that is a demand  in 5 years for a high rise building subsales in U5, and this new project is surrounding by old development, if you really need a good environment, people will prefer that project closer to Elmina.

now the property market is good for new project due to low entry fee, but not good for subsales. If you buy a subsales, you need a 10% down payment and stamp duty etc.

for rental, i don't think it is high demand with good rental yield, that is few condo is planning to build surrounding the elmina project. My friend company also going to launch a new condo in denai alam with 4xxK, for new project I have no doubt the demand still very high, but for subsales that is not an easy deal to let go. My taman in Puchong, mature area, freehold landed, guarded, 22x75, many peoples want to let go @ RM 700k, but already hanging the yellow board for a year, still vacant and unable to sell, that is few people come for viewing, but noone can deal it, and surrounding new landed selling @ 1 mil, can fully sold in 1 months time, just start construction, we were thinking it will hard to sell, but fully sold within a month.

It is up to your own decision.
For me, i will say now is a good time to buy a property, but is not a new development in a non mature area, you can have a good deal in a mature area for a subsales unit, you can know what is the real market rental yield in this area, you know who is the potential tenant in this area, you can know the condo management doing a good job or not, you can know what is the shop/restaurant surrounding.

Anyhow, no pain no gain, you can try your luck to invest in a new development, high risk high return, you might gain a big profit and enjoy your life.
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If Shah Alam is so bad, how about kuchai lama area?

TSLazyKurosaki
post Dec 29 2019, 09:38 PM

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QUOTE(chainyong @ Dec 29 2019, 09:35 PM)
Kuchai Lama 216 Residences, I am not sure. You can wait others give you a comment, but i think it should better than u5
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I visited the site. Its surrounded by old low cost flat. There r new condo nearby as well. 2 high school located opposite..

Pricing I got is 835sq ft 2 CP at 480k.

Nt sure if it's a good pricing around that area.

Somemore maintenance fee is at 0.38cent per sq ft. On the high side but I was told that okr/kuchai area maintenance fee is around this figure
TSLazyKurosaki
post Dec 29 2019, 09:52 PM

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QUOTE(scarypoolparty @ Dec 29 2019, 09:46 PM)
No one has cystal ball here. Even Kuda cant answer yr question.

Dun access the area on weekends. You are not seeimg the right situation

Its ok to plan but also need to plan for contigency.  Ask yourself this, if there is change of event in 3 to 5 yrs, what plan you have for this property if you cant move you ?

Okr n kuchai are both wong area n jam area n also plenty of upcoming projects. There is definitely demamd.
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I need a comfortable place to stay and easier to sell out when needed. If embayu doesn't fulfil, I will jz skip it. Because I myself have wrongly purchase my first prop. Don wanna repeat same mistake.

Easier to sell out as in the area still have demand. Not those area like puchong South etc that is super hard to sell out
TSLazyKurosaki
post Dec 29 2019, 09:56 PM

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QUOTE(scarypoolparty @ Dec 29 2019, 09:54 PM)
From the way you do due diligent on properties
You will repeat the same mistake again.
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That's why I need people comment on the area. I myself not experience at all and still in learning stage.
TSLazyKurosaki
post Dec 29 2019, 10:09 PM

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QUOTE(scarypoolparty @ Dec 29 2019, 10:02 PM)
Here one and only tip from me....
Dun look for properties that suit yr budget.

Look for location that you know well and very confidence in. Then waiting for the right price property there
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Thank u for advice..
TSLazyKurosaki
post Dec 30 2019, 09:57 AM

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QUOTE(acgerlok7 @ Dec 30 2019, 01:12 AM)
Don't be so discouraged! It is always good to have due diligence process and screen thoroughly before making such big investment.

And also, you are consider lucky at least the first property didn't kill you off from this passion to learn and continue investing in real estate.

People make mistakes. So, don't feel uneasy at all to ask

In regards to your comments,

My suggestion is always this :-

(1) Look at the surrounding activities - Is the area you're investing near a bustling city/township or is a very quiet and sleepy town?

Bear in mind, developers can sell you many crazy dreams ie. the town will have biggest shopping mall in 10 years time lah, this place will be very Ong lah....all on FUTURE value that is yet to materialized. If you want more solid capital appreciation and lesser time needed for your exit strategy, better to buy matured area, although entry price will be higher. Because the crowd is already there, need not need a lot of "SEEDING" effect to "grow" that area, be it artificially(like Putrajaya/Cyberjaya) or Organically(Kota kemuning/Setia Alam back in 10 years ago).
With this in mind, I would suggest you should take a look at the 216 Residence that you've mention in Kuchai lama. If not , you also can shortlist a few more in the vicinity like Exsim's Millerz Sqaure mixed development project. Try to stay away from standalone township as they will need a long time for gestation period. So, you will wait donkey years to see your property achieve capital appreciation.

I personally know many friends who let go off their properties in KK Shah Alam due to unable to wait so long, only to curse and cry WTF when LKSA was completed because after that highway completed, the surrounding property shot up more than 200% ie. from 220k to now around 800k- 1million for DSL.
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Thank u for advice and encouragement. My first prop was in bukit puchong. Saville D Lake. Biggest mistake I made in my life... Now that prop stucked there.. Thats why my 2nd prop I need to be more careful and ask more opinion from knowledgeable others..

Will have a look into 216 Residences again. Besides that, do you think the purchase price is expensive?

835 sq ft 2b2r
1 cp
425k

834sq ft 3r2b
2 Cp tandem
480k
TSLazyKurosaki
post Dec 30 2019, 01:13 PM

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QUOTE(aaron1717 @ Dec 30 2019, 10:12 AM)
obviously buying high-rise/ sg buloh will be having the same mistake as your first property purchase... its the same... ppl wanna buy high-rise for convenience closer to the city... why they will represent a attractive proposition to subsales buyers if its not close to city...? think reasonably on this... I'm sure its easy for u to get an answer if u kena from puchong south before...

for me... personally i will vote for Bliss residence... low density project always good proposition to stay in for me... and its nearer to KTM plus in between KL and PJ... go sunway 10 mins only during weekend...
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Didn't look at bliss aldy cause the site is at the end of the road.. Might reconsider 216 residence
TSLazyKurosaki
post Dec 30 2019, 03:51 PM

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QUOTE(aaron1717 @ Dec 30 2019, 02:14 PM)
end of the road got apa pantang ka? haha... 216 leasehold and i feel the show unit very not sincere... location wise not bad... but thats about it
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Why u feel not sincere? Is it because they only make show room for living room and one of the bedroom only? Not tally with the layout they present
TSLazyKurosaki
post Dec 30 2019, 03:55 PM

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QUOTE(se800i @ Dec 30 2019, 02:54 PM)
why Saville D Lake is so wrong for your purchase? Mind to have a few words to share?
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1. The location seems to be deserted although it's slightly better than d Island.

2. There is no amenities within 5-10km other than tesco extra. Agent told me plenty of school nearby.

3. The actual unit size is sooo much different from showroom size.. I was told master bed room can put a queen size bed and fit wardrobe. But to my horror, after putting queen size bed, there is little to no space to walk in the room. Extremely small. The living room is super small as well. I bought the 972sq ft bt it doesn't feel at all like it. Plenty of ownerr complaint aldy..

4. Expensive maintenance fee at 0.35-0.37 bt facility wise is normal only. Auto gate is access using rfid bt the rfid not sensitive at all. Failed to scan most of the time.
TSLazyKurosaki
post Dec 30 2019, 04:32 PM

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QUOTE(acgerlok7 @ Dec 30 2019, 04:03 PM)
I calculated. It is about 500++ psf for 216 Residence.

Are you buying for own stay or investment renting out?
developments around the area, such as 8th & Stellar, M Oscar and 1 UOA project which I forgotten the name.. doh.gif
If you are buying for investment and have that kind of budget, I suggest looking at studio units or something similar in Bangsar South.

ROI definitely faster and better due to larger expatriate and working crowd in Bangsar South.

Bangsar South, despite what you see with towering office towers and developments, they are still huge demand for good quality condos/studios.

The demand is there because a lot of office moved into Bangsar South for 3 reasons :-

(1) Connectivity - I know, you will say, what shit connectivity with the huge jams, but precisely, that is what makes the township tick. it bears KL address but yet not really in downtown KL, so slightly cheaper office rental rates.

(2) MSC Status Grade A offices - This is what separates them from a lot of other so called "Commercial" developments. Malaysia, despite the office glut, is still in severe shortage of good quality Grade A office. A lot of top MNC IT firms, FMCG Firms, Local IT Champion Firms, wants these kind of offices, and Bangsar South can fill that gap in demand.

(3) All-in-one self contained township - With the opening of Cengild, if you notice, the Bangsar South township is literally self sustaining township, which means expatriates working there need not travel out far to shop for necessities and healthcare. Even if needed, 2 atas class shopping mall in Bangsar is just a stone's throw away. and Mid valley is just 2-3 train stations away.

a good way to gauge if the proposed development is good or not, is to personally travel down to the surrounding area, have a feel and walk around the place, talk to nearby shop owners, see what is the population nearby, what kind of commercial activities that sustain the township etc etc, don't just blindly believe in what agents promised(although I myself am one lol  rclxm9.gif ), a lot of them will sweet talk you with a lot of dollars and cents (cashback lah, ROI lah, future developments lah, some even quote developer's GDV of the project to boost confidence of their project's commitment) . But ultimately, the cheque book lies within your hand,so think carefully before you sign on the dotted line.
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Me and my partnw actually have a unit at Bangsar south, cubic botanical. Studio unit. Not sure if u heard bout it. Actual location is pantai dalam.. Now am looking for own stay due to have family soon.. Saville d lake not an ideal for us and cubic its too small.


TSLazyKurosaki
post Dec 31 2019, 08:52 AM

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QUOTE(acgerlok7 @ Dec 30 2019, 11:28 PM)
Try researching places around OUG, if you are looking for a bigger unit, there are still plenty of good secondary units condominiums and low-density apartments for good price in this area.

Bukit OUG Condominiums/ Union Heights Condo is something worth considering if you are looking for a cozy place which are family friendly.
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Thank u so so much for the suggestion

 

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