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Investment New Pudu LRT project?

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Cavatzu
post May 30 2022, 07:21 PM

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QUOTE(Love^GM @ May 30 2022, 04:07 PM)
Yesterday test the LRT to Lalaport, very convenient. Hope not regret with the unit i've booked.
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Is this the latest block? This area is convenient for sure. Certainly investment grade as long as you don’t mind a few whores flitting about.
Cavatzu
post Jun 1 2022, 02:53 PM

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I think the spoilage factor is compounded if you have a pool or other wet area above you.

Hot air rises so yea on a warm day you’ll feel it but nowadays since you have facilities etc on rooftop it’s treated and won’t be so bad compared to the sun shining down on a blank concrete surface.

Apart from that, you will enjoy better view vistas albeit at the increased price. Just depends if it’s truly worth it.
Cavatzu
post Jun 13 2022, 05:05 AM

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QUOTE(hopeful forever @ Jun 12 2022, 11:14 PM)
Asking sifus in this chat. Do u think this leasehold skyline @ pudu is a good location for rental?

Even small units of freehold D'Majestic by PJD Development did not enjoy any capital appreciation after 8 years.

Only hope for leasehold skyline is just to tap imto rental market. I dont see much opportunity for price appreciation as there are ao many small units in the project and D'Majestic has shown an example of stagnant or depreciating prices despite freehold status.
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Ask yourself truthfully if you will stay in this particular unit in this area and you have an answer about how generally Malaysians feel about this place. Yes it’s convenient but so are many places.

There are some main cons here which is the noise, not pretty environment and dodgy residents even neighbours. Hence this area won’t be considered aspirational. Even feng shui master acknowledge that this area is meant for prostitution.

Cavatzu
post Jun 13 2022, 02:12 PM

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QUOTE(Najibaik @ Jun 13 2022, 11:09 AM)
there is no highrise with price over 500k above can enjoy capital appreciation in 5 to 10 years time.
all highrise is with price above 600k above is actually over price.
property price can appreciate but whether bank value can match is another story

only can aim for rental which im sure skyline can rent out not so hard since got link bridge to lrt
for ownstay u need to consider many factor, investment wise only see it can cover ur installment or not.
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Actually I think developer margins are quite slim nowadays with the all round increased costs.

The history of this property was they were gonna launch at like 1200+ psf I believe but halved the psf and doubled the density to compensate. This is why there’s gonna be a lot of stock for years to come.
Cavatzu
post Jun 15 2022, 06:32 AM

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QUOTE(hopeful forever @ Jun 15 2022, 01:45 AM)
Developer mentioned offering 50 facilities with rm0.38 psf charge for service charge and sinking fund.

Dunno if these charge can sustain for long.
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Over 2k units so I don’t think sustainability is an issue. If anything, why didn’t they go cheaper.

High maintenance fees have become a real bug bear in recent years. So ultra high dense does alleviate that somewhat provided it’s done well and efficiently. Yet to see comments on M vertica facilities and how it’s used.
Cavatzu
post Jun 15 2022, 09:02 PM

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QUOTE(hopeful forever @ Jun 15 2022, 12:41 PM)
M Vertica also has 50 facilities spread over 3k units?
But M Vertica density per acrea is lower as its spread over a bigger piece of land.

Skyline is 2214 units constructed on a smallish 3 acre leasehold land.
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It’s a first for KV to see how thousands of people will use a singular facilities deck. Not that any of them are at risk of being fully occupied in the short term.

Also don’t buy into the marketing gloss so much. A small patch of grass with a few rocks is now a rock garden and is considered one facility.
Cavatzu
post Jun 16 2022, 09:25 AM

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QUOTE(den @ Jun 15 2022, 10:47 PM)
Like a yoga room is just a room?  biggrin.gif
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Exactly. A few book shelves in a foyer is a library so on and so forth. If people buy into that BS then they deserve to lose money. The real sellable facilities are your fitness oriented ones (you save a lot of money not having to pay for commercial gym membership) and good landscaping.

Anyone know of any developments with really outstanding large gym?

This post has been edited by Cavatzu: Jun 16 2022, 09:27 AM
Cavatzu
post Jun 19 2022, 11:56 AM

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QUOTE(CK15 @ Jun 18 2022, 02:36 PM)
My own view. Skyline KL is better.
1. Within town Center.
2. Plot ration lower. The “project land size” is around 6.98 acres.Around 3.98 acres for 4 building blocks and the balance 3 acres is current LRT TRACK was acquired from Railway Assets Corp (RAC).
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Smoke and mirrors again. Yes the land plot which houses the lrt station is 6.8 acres. But the actual lease agreement is for 2.99 acres to build this development. That 3 acres of land is not being used for your development in any way. So just call it as it is - 2.2k units on 3 acres of land. It is denser than M Vertica and I would label it ultra high dense. Why can’t people just call a spade a spade. Untruthful marketing is the bane of a consumer’s life.

A glorified brothel and foreign worker dorm at best.

This post has been edited by Cavatzu: Jun 19 2022, 12:17 PM
Cavatzu
post Jun 19 2022, 09:18 PM

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QUOTE(Love^GM @ Jun 19 2022, 08:32 PM)
Chill ler.. Every project got pros and cons. Who don't know atas smell good, problem is wallet not allowed ma.
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Are those back handed comments aimed at me? I’m just on the side of truth and objectivity. The true density of this project has been very obfuscated by vested parties. I was keen on this project too and it’s sold well I believe but there are serious cons that have been downplayed.
Cavatzu
post Jun 20 2022, 08:22 AM

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QUOTE(CK15 @ Jun 19 2022, 09:43 PM)
There is a standard formula to use for calculating plot ratio, regardless what structure to build on it. Someone thinking he is xxx can come out own formula some more.

Skyline don’t pay me a single cent to promote the project. I’m a poor guy, no money to buy by taking loan.**

Please get owners feedback for the product quality delivered by the “first class” developer. You will know who married with prostitute and claimed the bride still virgin.  :-)
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So you’re the keyboard warrior. Have I touched a nerve with my comments dear owner 😂.

I may not have all the answers nor the right ones but I attempted to educate myself on how developments get approved. I’m used to more precise literature compared to what you get in this country.

This is potentially a good investment project for sure for temporary stay as mid range city dwelling. Execution is a ?
Cavatzu
post Jun 20 2022, 05:52 PM

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QUOTE(Onetwothreeeee @ Jun 20 2022, 12:59 PM)
That area itself got many refugee. Jalan san peng got,  jalan pudu also got. Usually stay above those shop lots. If you just read the thread from the beginning, ady got many people pointed that out.

As for ayam, cant believe im sharing it here. They’re everywhere. The row of shop infront of lrt, that back alley, if you see metal door with cctv, well thats probably reban ayam ady. Or if you see old apek sitting on plastic stool at random places, you can ask him where to find ayam  brows.gif
He’ll tell you which metal door to knock. Exact place i dont want share here later my acc get suspended

But then they’re usually harmless, just trying to cari makan here. And the refugee mostly are with unhcr, waiting relocation.

News says ayam in jalan pasar and jalan pudu, just a stone throw away  biggrin.gif maybe can be an attraction for airbnb later, definitely will do well if got offer hourly rate

https://www.thestar.com.my/news/nation/2021...d-to-be-brothel
https://www.nst.com.my/news/crime-courts/20...ices-apartments
https://youtu.be/nIzIX481YKg
And just 500m from this famous place. Please read the review  tongue.gif and this is just the famous one. Got many more nearby
https://goo.gl/maps/8kncP6WprqoupPCi9
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This is why say it’s a good investment. Sex tourism hotspot right here! For all you people that really wanna make money, nothing better than a brothel. Now that’s really inflation, recession and pandemic proof!
Cavatzu
post Jun 20 2022, 06:56 PM

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QUOTE(razerlxz @ Jun 20 2022, 06:01 PM)
How u compete with taiko pimp that ad bought 50 unit leh. But u are right, this prop investment will mostly grey biz or either chop it for sublet. If focus ROI wad also can do
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Lol there’s ways. I’d like to see these property gurus hawking out ID for brothel rooms. Quite interesting actually to design different boudoirs for different flavours.
Cavatzu
post Jun 21 2022, 03:42 PM

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There was a YouTube video linked here before about the feng shui master calling this the open leg water area. It must be true!
Cavatzu
post Jul 6 2022, 08:49 AM

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QUOTE(Onetwothreeeee @ Jul 6 2022, 08:44 AM)
Free ticket to holland.
Of course this better. Can partition kao kao make many rooms. No locals rent nvm, got foreigner market here. Add 10 beds can rent to 10 people, add 20 beds can rent to 20!!! Sky is the limit. How much money you want then add how many beds
Buy buy buy sure make money. SA said 75% sold!!!! Don't act fast then tmr might sold out, no more for you

Astrum like shoebox size no fun. Can only rent to 1 tenant. how high can the rental go?
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Better yet. Just do massage table cubicles. 😂 Right location for it.
Cavatzu
post Jul 15 2022, 08:40 AM

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Ah hah so this really will be a glorified brothel.

Good luck to all buyers.
Cavatzu
post Jul 15 2022, 01:34 PM

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QUOTE(hopeful forever @ Jul 15 2022, 12:56 PM)
Only concern is when vp there is 2214 units all looking to rent as majority not buying for own stay.
There will be very stiff competition and rental may dive southwards.
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Yea that’s a compounding issue if this place is seen as only for investment. It’s still ok for young adults who want to be in the city.

Pity any fit Aunty or young local girls living here with all the ma lat los lurking around.

This post has been edited by Cavatzu: Jul 15 2022, 01:37 PM
Cavatzu
post Jul 18 2022, 02:52 PM

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QUOTE(Onetwothreeeee @ Jul 18 2022, 12:58 PM)
How do we know what companies are renting from the trx building itself?
Moneylion is a financial software company that moved its HQ here but seems like nobody knows? It hires alot expats btw.
I bet there's many more that we don't know
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It’s the same plight of Shanghai Tower where the exorbitant rents were a turn off. And they didn’t have Covid back then.

The need for exceedingly luxurious offices has diminished.
Cavatzu
post Jul 20 2022, 01:51 PM

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Wouldn’t one just go to Botanical Gardens which is not really far away if you live in the city area? That’s a lot nicer.
Cavatzu
post Jul 21 2022, 04:19 PM

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QUOTE(nexona88 @ Jul 21 2022, 04:01 PM)
well said  :thumbsup:

whatever sweet talk by the SA..
we as buyer needed to do own research... and make wise decision...
our money involved... so needed to be careful  innocent.gif
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No one cares more about your money then yourself. So do note comments when people say that there are many refugees and red light activity in the area which may be a deterrent for renters. That’s the only real weakness that it is zhap. But it’s been priced appropriately I think.
Cavatzu
post Jul 21 2022, 05:00 PM

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QUOTE(elimi8z @ Jul 21 2022, 04:22 PM)
I like environment like this and Continew, just nice for single male, too bad, boh lui
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Yea perfect unit for ma lat los. If you market this correctly, you can catch the old foreigner male market who need to do visa runs out of Thailand.

This post has been edited by Cavatzu: Jul 21 2022, 05:00 PM

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