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Investment ROSEWOODZ @ BUKIT JALIL BY EXISM, New Age Ingenuity

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DavidKool
post Mar 12 2020, 07:11 PM

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QUOTE(aaron1717 @ Mar 12 2020, 05:06 PM)
its bukit jalil and near to lrt station... so around 7xx-8xxpsf i think still normal... freehold and low dense somemore...
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It's Bukit OUG land within the Bukit Jalil enclave.

This parcel earned the right to be among Bukit Jalil area after the interchange or tunnel at Jalan Jalil Perkasa was opened after LRT completion.

But this Jalil Perwira (new road name) is much lower land compare to those Jalil Sutera and Jalil Perkasa area where those Park Sky, Twin Arkz, Treez, Link 2 are selling RM 700 psf until 900 psf by Skyluxe asking price. It's still better compare to Jalan Barat strectch.

However, the problem for this Seedz would be ingress and egress and its view. Only high floors are either facing Jalil Sutera (overlook Pavilion) or Z Residence, or else facing LRT line or SK Tamil. The stretch along the Nathan corner and Bukit OUG condo is massively crowded by cars parked at roadside.

RM 700-800 psf here is absolutely pricey. Tropika would be steal at RM 700+ psf regardless design.

DavidKool
post Mar 13 2020, 12:03 AM

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QUOTE(aaron1717 @ Mar 12 2020, 09:07 PM)
Ingress or egress is a problem for most of the condos in BJ as long as there are other condos or residential nearby... Car parked at roadside is common sight around KL areas as well... You dont tell me tropika or the park there wont have such issue...

What i emphasize here is the density, freehold status and its distance to lrt stations that make the pricing somehow balance out...

And i dont think tropika latest pricing for smallest size is at 7xxpsf... Not comparing against the earlier phases ya.. and the jalil perkasa there also jam like nobody business
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Ingress and egress is not just about direct accessibility, it's also included the path before and after, and for other surrounding condos who are using the same path, particularly for this project, deemed high end at this area.

I was being informed, the main entrance of this project could facing the shop-lot aka industrial based, where currently a bit heavily used by ZR and Casa Green, a 2 way road usually parked both sides day or night causing incoming cars have difficulty to flow. Jam is another question, but flow and ambience.

The flow to exit to Jalan 4/155 it is small nightmare now, and upon exiting only 2 lane which the incoming cars from Muhibbah LRT are jam packed peak hour and needed to squeeze to single way as the Bukit OUG residents double park left side and right side.

Tropika would be facing similar but much much lesser hectic as above. There are 2 lanes each way at main entrance, only share with golf club visitors and Link 2. Upon exit to busy main road, I know got car double car along the Jalan Jalil Perkasa 1, only on one side, and it's 3 lanes each way. Furthermore, the junction of this exit now is earmark for traffic light to ease the flow. It would be huge boost because the flow to turn to BJ highway and Kesas highway will be better, albeit jam along the way.

But Park Sky have lesser issue or ingress & egress, it's direct and more comfortable. The main entrance exit to new opening road of 3 lanes each way. The whole stretch of the road is only using by Park Sky 1 and 2. The feeling to exit at Park Sky road and Tropika's road is a lot difference compare to road next to Bukit OUG.

I doesn't want to troll the project here until I get much more project information such as actual land size, facade design, facilities, landscaping and furnishing or specs within the unit. I remain my interest into Exsim projects.

Btw, Tropika's mid size is 974 sq ft, a more comparable to middle size here, 950 sq ft. The high floor unit at current Block B, is RM 798 psf.
Earlier phase? Mid floor still available for Block A is only at RM 730-740 psf and free MOT.

DavidKool
post Mar 13 2020, 01:00 PM

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QUOTE(aaron1717 @ Mar 13 2020, 09:33 AM)
the latest phase of the tropika smallest size i think its almost 900psf... if wanna compare pricing... of course compare to the latest only... like I say.. how to compare to apple to apple when Block A Block B launched way earlier at lower pricing and still have availability to date...

I'm not exsim supporter... but i believe in the density and how close this located to the main road rather than those ZR, Casa green etc that you mentioned about which is way further inside... and rmb one more thing... the accessibility to LRT... for most of the developments in KL now... you will need to surrender part of your land to authority to widen the access road... but usually this will end up useless because cars will just park at the enlarged lane...  biggrin.gif  biggrin.gif doesnt matter if your condo worth 900psf or 600psf... same shit always happen...
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Tropika's Block B just launched few months only worr and now still on-going, of course purchasers who look into this Rosewoodz will also look into Tropika or any surrounding project with units available as comparison. Block B's smallest unit 732 sq feet, highest floor Level 40 is RM 851 per sq feet, consider high side since Berjaya is so plain.

Only Block A launched way earlier, but only 732 sq feet is fully sold, there are Type B's 974 sq feet left and plenty of of Type C's 1318 sq feet left. I am using current, Block B's 974 sq feet (mid size) as comparison to Rosewoodz mid size of 930 sq feet.

I am not Tropika supporter. It shown that RM 750-850 per sq feet, they only achieving moderate sales, who have upper hand in location, land size, extraordinary view compare to here and it's better surrounding.

It's okay that if you think RM 700+ to 800 per sq feet is normal for Bukit OUG area as long as it is by Exsim or density even though so small parcel land. I will be more interested to see Exsim would be selling at most around RM 650 psf since 1000-1200 sq ft at Casa Green, ZR and KR2 is only RM 550 per sq feet.

Nah, accessibility to LRT is USP or key selling point one decade ago, now is just normal USP. Plenty of condos nowadays are near LRT or MRT.
The pricing the higher it is towards North, nearing LRT is not a good idea. Nothing to shout about LRT.

Oh ya, the highest asking price at this enclave is The Rainz, also by Exsim, high density for units 1500+ sq feet onwards, are still selling below RM 600 per sq feet, not much changes compare to developer selling price about 5-6 years back.
DavidKool
post Mar 13 2020, 01:04 PM

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QUOTE(cliffekent @ Mar 13 2020, 12:27 AM)
Got add on road bro, no Worry. Refer my first post

But More to come bro, opposite of Rosewoodz, another service apartment incoming. But after changing PH. Tidak lulus. But now change back, hehehe. Apa pun boleh de.

CADANGAN PEMBANGUNAN 1 BLOK PANGSAPURI SERVIS 27 TINGKAT (300 UNIT) YANG MENGANDUNGI 7 TINGKAT PODIUM TEMPAT LETAK KERETA DA KEMUDAHAN PENDUDUK DI ATAS LOT 36452, JALAN 4/155, MUKIM PETALING, DAERAH KUALA LUMPUR, WILAYAH PERSEKUTUAN KUALA LUMPUR oleh TETUAN GLOBAL FUTURE DEVELOPMENT SDN BHD, LOT 23, JALAN KUANG BULAN, TAMAN KEPONG, 52100 KEPONG, KUALA LUMPUR. TEL 0362801621/FAKS 0362801620 di Dewan Bandaraya Kuala Lumpur
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Thanks for info bro!

Wah, another 27 storey + 7 storey podium car park project opposite ah? Now by PN, sure can lulus dy and probably can increase density or plot ratio.
DavidKool
post Mar 14 2020, 03:48 PM

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QUOTE(cliffekent @ Mar 13 2020, 07:35 PM)
Pay what you get.

Casa green vs rosewoodz

500psf vs 700++

Leasehold vs freehold
900++ units vs 329 units
3b3b vs 3b2b
1003sf vs 950sf
500k vs 700k
Installment 2500 vs 3500
Room Rental 2900 vs ??
Lrt further vs lrt nearer
Maintainance fees Lower vs higher

Current Casa green rental rate

Fully: 2000-2500

Room rental
Master 850
Medium 800
Balcony 650
Single 600

I only see data, if you think the rental can cover 3500. Go ahead. Good luck.
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Not feasible to accumulate the separate 3 rooms rental but to use standard market rate of 1-2 years tenancy of entire unit, probably partly furnished or fully furnished.

Casa Green average rental is RM 1,600 (about RM 1.60 psf), actually the yield is already better than Z Residence at RM 1.5 to RM 1.6 psf, fully furnished is quite subjective but I doubt it can easily rent at RM 2,500 per month as the tenants can choose nicer units next door, Z Residence or KR2's 1400+ sq feet units, can rent fully furnished at RM 2,500 to RM 2,800

The Rainz, plenty partial developer furnished units, albeit bigger size at 1513 sq feet, is asking RM 2,800 or command around RM 1.85 psf.
I not sure's Rosewoodz's facade, specs, facilities, layout and design as it is remain undisclosed or remains to be confirmed.
If it is given to similar type like Rainz, I think can rent at around RM 2 psf for partly furnished, so 950 sq feet probably RM 1,900 per month

Let's say BJ continue to have upper market, and Exsim design factor, lets make it minimum RM 2,000 per month for 950 sq feet, that's gross RM 2.1 psf, for me it is very very decent rate but for others who continue to buy Exsim properties at full loan or 90% loan, surely will hand burn. Exsim properties have tough resell value.


DavidKool
post Mar 14 2020, 03:56 PM

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QUOTE(AskarPerang @ Mar 14 2020, 12:13 PM)

user posted image

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Boss, The Rainz is not RM 880 psf, it's still average RM 580-600 psf, similar to developer's net price.

Z Residence also plenty units dropped from RM 550 psf to now RM 500-520 psf.

Park Sky currently all asking RM 900 psf, need transactions to proof. Skyluxe not sure if its worth RM 960 psf, too new.
DavidKool
post Mar 16 2020, 12:45 AM

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QUOTE(selinix @ Mar 15 2020, 10:55 AM)
No apdl also can sold ka?
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Based on cheques collection to book a ticket to be priority to select a unit (booking) later on once the package, layout, facade, basically everything is finalized.



DavidKool
post Mar 16 2020, 01:16 AM

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QUOTE(selinix @ Mar 16 2020, 12:49 AM)
Should be fully “booked” not sold..
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I also unsure if can consider it "booked" bcz it wont bank in first or else fully refundable until apdl and you just submit cheque without knowing the layout, floor plan, facade and actual price, lol.

Not sure if they really fully received the cheques more than the 329 units or just used agents to goreng up the response to test the price or market.

They can now just increase the price from RM 650+ psf nett (if it is true) to over RM 700 - 730 psf net, since they only have just 329 units. Worth the risk since apdl wont released until year end.

Congratulations Exsim!
DavidKool
post Mar 16 2020, 01:34 AM

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QUOTE(cliffekent @ Mar 16 2020, 01:19 AM)
Mana u get the news apdl only year end get. My sources say May oh. N oredi get few EF.
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The source that also very closed to the developer, probably August to September. Not sure if it is speculation bro!

You see the final lay-out already? If no, I dont think it is possible to get apdl in 2 months time since this is under DBKL, and the authorities having messy problems right now due to change government.

Bank's EF for second tier developer like Exsim no need apdl to proceed bro. The difference is only the EF limit and buyers' LO signing.
Buyers can apply loan and sign the LO, but cannot sign loan agreement. If old school and conventional way, actually banks wont allowed to even sign LO but use it as a time frame to pull out the loan approval if the developer unable to get the apdl on time.
DavidKool
post Mar 23 2020, 12:37 AM

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QUOTE(LiNKInPaRk108 @ Mar 22 2020, 12:19 PM)

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A bit wrong information here.

The first facade photo seems not current project bcz it seems like 4-6 units per floor and this facade building, if not mistaken appeared before at least 7-8 years back.

The second photo about the land, I probably not sure, but feel it was bit misleading to plot the red box for almost entire square land, which is not.
Rosewoodz only 1 acre project, where got so big.
DavidKool
post Mar 24 2020, 01:53 AM

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QUOTE(wct @ Mar 23 2020, 08:53 AM)
Most of the units are already being booked within a week.

user posted image

Updated
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Thank you for sharing, this is IQI live chart instead of Exsim's own chart. Exsim never sai lang all units to IQI to sell.

Notice Type B and Type C SPA price is lower than initial price. The similar price psf would make plenty buyers to consider smaller size for investment but in this case, Type B 950 sq feet fits the bill since with/without balcony to choose from.

From the chart, Unit No. 13A is looks like the hardest unit to accept, being corner unit rear to the West and the balcony view, is partly block by No. 1 rear building. But surprise the Level 30 is not yet blocked.

But I not sure if buyers know the best part of this unit is a quadrant zone of only 3 units along with No. 12 & 13, with no emergency stair case here.
The other side is a quadrant of 10 units. The other corner, Unit. 7 is safer view but main door directly next to emergency staircase.

Low floor units might be acceptable for own stay due to small view on Level 8's landscape but unfortunately, might hear the noise from Nathan Corner and plenty of motors at night after the hot sun in late evening.

If about view, I think only 3 units facing pool could likely the best, but must take high floor. Unless pool eye view but must disturb by LRT line every 5 minutes. But less than RM 700 psf, I think quite ok if Exsim able to match back Treez or Twin Arkz quality, the downside is 329 units looked low density but it is actually very high density on 1 acre land and with so lack of facilities.

DavidKool
post Mar 24 2020, 06:03 PM

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QUOTE(ZeneticX @ Mar 24 2020, 10:44 AM)
From the slides I received it seems the facilities are sufficient enough, if what you mean are condo facilities

Downside for this project in my own view -

i) lackluster views no matter which orientation you choose
ii) Commercial (HDA) land despite being freehold
iii) maintanence fee is on the high side (0.44) if what is stated is true
iv) risk of other development in the empty plot between the indian school

despite so I still placed my booking for a unit for own stay. i think in the end the pros outweight the cons

and as you said, hope Exsim is able to maintain their quality and reputation. so far their projects are all ok
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The facilities provided, 25m small swimming pool with kids pool and jacuzzi, small BBQ pit, mini landscape at Level 8 and then for Level 31's sky gym with yoga, sports lounge, sky deck and lounge, altogether at just less than 6,000 sq feet, are very very common in normal condo facilities.
Just sufficient like you say, but should give more to justify the record price tag at this area.

Huh, commercial land but with HDA, service apartment, why this would be a con for you?
I am surprise to see there are no retail or shops in Ground Floor, or else, I not sure how they obtained the approval from authority as service apartment but no retail at all. Maybe not reveal yet, since no facade able to review at all.

Maintenance fee at RM 0.44 is high given the lack of and smaller facilities given, but if they can built a very good quality main entrance, common area, facilities area, smart system and good security system, I think should be quite ok since all smaller size.

Anyhow, congratulations on your purchase! Are you taking low floor Type A facing the emply plot next to Tamil school?
If own stay, I trust there are surely no problem.




DavidKool
post Mar 25 2020, 01:40 AM

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QUOTE(ZeneticX @ Mar 24 2020, 06:31 PM)
Commercial still means slightly more exp water bill and cukai pintu no?

I thought maintanence fee will be higher if more facilities are given? it should be lower for this project but we won't know the final details until official launch

Type B Unit 12 facing Pavillion BJ. On one of the higher floors @ 20+

just placed booking, nothing proceeded yet and no money transfer involved. hope to see the project officially launch with more concrete details before confirming my choice and proceed to loan

i think everything now is gonna be slow due to MCO and COVID-19, i'll be surprised if they managed to launch this project by next month
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Yup, but under HDA, water bill slightly higher only, say max RM 10-15 extra per month on top of the initial few bucks for condominium.
Cukai Pintu, we dont pay every month and just one two hundred additional per annum. So not a worry.

Yes, practically maintenance fee is higher if more higher maintenance facilities are given, such as bigger gym (more equipment), bigger pool, and so on. If they give more landscape, more common area, more corridors, library room, games room, garden, etc it don't caused too much maintenance fee. With the current thing provided, RM 0.44 psf is really huge.

Unit 12 is probably the best orientation unit and since you're 20+ floors, it would be consider nice. Hopefully the opposite land would not block the Pavilion view. Otherwise, I would say Unit 10 low to mid floors could be the next best, middle of Unit 9 and 11, face small pool directly.
But Unit 12 is a quadrant of only 3 unit zone, it wins the other side 11 units a zone.

With current MCO and the spread of Covid19, economy would be going to be much slower, new government is shaking, purchasers will lose confidence to the market, furthermore seems all buyers here booked without knowing any details of this project, I will foresee some withdrawals for time being regardless any projects. Without a facade or architectural collateral, I doubt they obtained authority approval and able to get clearance to launch by May 2020. PTG, KPKT, government offices are all closed.

I am initially putting some interest, but too plenty of info discrepancy and I am not comfortable with the 1 acre land size pocket dev.
I've bought a few pre-launched props but at least I see the full layout, facades, scale model, full plans, etc.
This Rosewoodz is probably the most skeptical launched by Exsim I ever seen. Too rush to soft launch, I am just wonder.



DavidKool
post Mar 25 2020, 02:32 AM

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QUOTE(chicaman @ Mar 24 2020, 06:57 PM)
If not mistaken, all previous project was handled by Promenade using Exsim name. Then they split and ever since, all the quality has gone down the drain.

So, all old Z series projects are history, do not expect new project to have similar quality, you will be dissapointed.
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Exsim is a client of Promenade Group, a similar to a consultancy company for most Exsim projects since they were a new and small boutique developer back then. Don't also forget Binastra, the BJ main con taikor also helped to built Exsim's brand in a very booming time, particularly The Treez, first ever Exsim's z flagship. Binastra was Berjaya main con for most BJ projects back then, they were the key man to connect Exsim young bosses to TS Vincent tan son.

The Treez so far was their best results in terms of quality, they sell very very expensive back then. Even with Michael Yam and DIBS programe, they struggled to sell too but a good timing of BBB in early 2010s, they managed to complete it and Exsim's bosses hold their principle for new and modern development. Next is Twin Arkz (in terms design), they have established as a strong boutique developer when they promote Twin Arkz, eclipsing Trinity back then after another successful The Leafz in terms of quality, another DIBS project to tackle Ah G ah Kao investors during BBB mode.

With above, we can see Exsim have their super fans base due to above but no doubt most of their boutique developments are fancy design, nice and suits for young family but Exsim really took plenty risk to keep launching high price props, which Trinity don't have balls.

I only see their mistake was giving plenty discounts to attract buyers rather than selling their own signature product. To started few developments with DIBS, an investment scheme was easy to commence, sell and built, but to sustain the ability of appreciation after handover is also crucial. They launched The Rainz with plenty discounts again, by that time their Exsim name can actually sell themselves. They appointed IQI as agency too, all absorbed into the selling price.

I may agree that old Z series are history, but Exsim's blood are still there and I can see them keep growing with launches everywhere, Kelana Jaya and even Damsansara multiple launches recently, question is can they cope? I will be concur that the quality may be not what purchasers paid RM value to RM value.

Buying Exsim properties for investment is quite similar to relying on capital on capital return (zero down to RM10-20k down-payment but earned maybe RM50k upon VPed or RM100k during good times), their properties attracted plenty home viewers but the problem is buying Exsim projects don't earn big bucks.

I dont see it is mainly because Promenade Group. Let's see how they fare for UNO Sg Besi.


DavidKool
post Mar 25 2020, 02:41 AM

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QUOTE(icemanfx @ Mar 25 2020, 01:48 AM)
Probably needs the number to show to banks for bridging loan.
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They are suppose to busy with Damansara City launches, even The Acruz belum settled yet.

I understand most developers obtained DO, SOP, and do pre-launch while pending formal BP or APDL approval, at least facade, designs, architectural photos almost there subject to authority approval.

Pre-launch sales is not consider official booking, bank don't see this as their bridging loan. With Exsim growing capability, few projects completed, bank would have no issue to lend them except the problem is their own company capacity or gearing to holds more loan.
DavidKool
post Mar 25 2020, 02:52 AM

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QUOTE(icemanfx @ Mar 25 2020, 02:44 AM)
Which is which?
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I mean Exsim is consider Grade 2 or worst Grade 3 developer for most of the banks. They have plenty completed projects and not many unsold stocks, not that hard to get a bridging loan based on the group's Financial Report.

Unless Exsim Group have too high gearing (commitment) on their other landbank loans or other consolidated company debts. Or this subsidiary probably involved other third party, I also not sure which subsidiary company they using.
DavidKool
post Mar 25 2020, 09:42 AM

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QUOTE(icemanfx @ Mar 25 2020, 03:56 AM)
So you have no idea.
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It's not my interest.
DavidKool
post Mar 25 2020, 12:41 PM

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QUOTE(ZeneticX @ Mar 25 2020, 11:38 AM)
was interested in D'Vervain at first. even visited their showroom

but too much hard selling from the agents and most of their selling points is based on assumptions
for rosewoodz at least, for me, it's really near to LRT and its still Bukit Jalil area. for own stay point of view is still ok
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Bro, if own stay, I think should be okay. Bukit Jalil/OUG area should be better than Damansara' D/Vervain area.

Did the agent let you know how the RWz discounts or rebates work?
DavidKool
post Aug 21 2020, 11:10 AM

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QUOTE(nonamekid @ Aug 18 2020, 02:09 AM)
I think almost sold out. Left 2 unit available
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Hugely doubt so. I dropped my interest back then because of not much info available and only ask to put cheque to reserve unit. Now, suddenly still plenty agents contacted me about Rosewoodz while I registered my interest for surrounding property.
DavidKool
post Aug 25 2020, 01:40 PM

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QUOTE(nonamekid @ Aug 24 2020, 02:28 PM)
user posted image

Possible another small service apartment beside
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Anyone know how tall is this Convena?

Directly facing the Rosewoodz, Exsim probably launch at the wrong timing. Now unit balcony face where also difficult.

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