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Investment KL48 @ Jalan Sungai Besi, Latest Chan Show Lin Project
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crystalclearlah
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Jul 29 2022, 02:39 AM
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Getting Started

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QUOTE(Cavatzu @ Jul 28 2022, 09:43 AM) Of course view matters especially for homogenous developments particularly in upper middle and above developments. Sometimes mid tier can be lumped into upper middle due to good location/view. The question is how much of a premium are you paying for a view - 10%, 20% or more? I hate overlooking directly into other units but that’s me. The more price conscious have different priorities like price. For Western expat market, it matters even more. What do you think of this development?
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Cavatzu
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Jul 29 2022, 07:57 AM
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QUOTE(crystalclearlah @ Jul 29 2022, 02:39 AM) What do you think of this development? No comment as I’ve not really looked into this project. But this is one of many dense mid range projects with decent connectivity near TRX flooding the market. I would be looking at potential oversupply issues and if this place is truly in demand. This post has been edited by Cavatzu: Jul 29 2022, 08:34 AM
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SUSNajibaik
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Jul 29 2022, 11:23 AM
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QUOTE(Cavatzu @ Jul 29 2022, 07:57 AM) No comment as I’ve not really looked into this project. But this is one of many dense mid range projects with decent connectivity near TRX flooding the market. I would be looking at potential oversupply issues and if this place is truly in demand. At first I also worry this, but not as much later after I look at the density of neighbours condo
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SUSNajibaik
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Aug 2 2022, 03:51 PM
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currently about close to 480 units registered since soft launch from mid May
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Lgdc0625
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Aug 7 2022, 03:11 PM
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Getting Started

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QUOTE(Cavatzu @ Jul 28 2022, 09:43 AM) Of course view matters especially for homogenous developments particularly in upper middle and above developments. Sometimes mid tier can be lumped into upper middle due to good location/view. The question is how much of a premium are you paying for a view - 10%, 20% or more? I hate overlooking directly into other units but that’s me. The more price conscious have different priorities like price. For Western expat market, it matters even more. I do agree view can fetch better rental but if the tenant is not upmarket tenant then Im better concentrate at the pricing because this project expecting 80% are investor. U only need few agent to advertise lower rental then the whole rental market will be spoilt. I focus in bangsar south and this is very much similar to bangar south but i doubt it will draw a lot of high income expat so budget still a big issue for expat if they choose to stay here. Unless TRX operate in full capacity then i would say it might make a different. Yes to have other building in front tenant might not like it. But from my experience the rental overlooking other building and unblock whether its high or low floor doesn’t really mattr for tenant. The price on ask depend in the interior. Because my unit is facing other studio but my unit rental is higher than other similar studio so this is my sharing from focusing on a high dense development. Hence, I mentioned taking partly furnish unit and furnish up urself is important. View not so because tenant at this range cannot pay 300-500 higher rental just for the view but luxury setment yes. Another reason is I don’t want to pay premium and not getting what i want in future as view are not guarantee and in 3-5yrs time there might b building or new development that can block my view which i paid 30-50k buying into the belief of good view so I rather look at numbers se i will work towards my goal or not. Hope it clarifies why i dont go for view. I dont object on reason to buy base on view but I rather focus on return since this is for investment.
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SUSNajibaik
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Aug 7 2022, 07:49 PM
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QUOTE(Lgdc0625 @ Aug 7 2022, 03:11 PM) I do agree view can fetch better rental but if the tenant is not upmarket tenant then Im better concentrate at the pricing because this project expecting 80% are investor. U only need few agent to advertise lower rental then the whole rental market will be spoilt. I focus in bangsar south and this is very much similar to bangar south but i doubt it will draw a lot of high income expat so budget still a big issue for expat if they choose to stay here. Unless TRX operate in full capacity then i would say it might make a different. Yes to have other building in front tenant might not like it. But from my experience the rental overlooking other building and unblock whether its high or low floor doesn’t really mattr for tenant. The price on ask depend in the interior. Because my unit is facing other studio but my unit rental is higher than other similar studio so this is my sharing from focusing on a high dense development. Hence, I mentioned taking partly furnish unit and furnish up urself is important. View not so because tenant at this range cannot pay 300-500 higher rental just for the view but luxury setment yes. Another reason is I don’t want to pay premium and not getting what i want in future as view are not guarantee and in 3-5yrs time there might b building or new development that can block my view which i paid 30-50k buying into the belief of good view so I rather look at numbers se i will work towards my goal or not. Hope it clarifies why i dont go for view. I dont object on reason to buy base on view but I rather focus on return since this is for investment. Ppl will not pay 300-500 higher for view but given same rental price and same furnishing condition of course people go for better view unit first
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wotpian
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Aug 7 2022, 08:10 PM
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Many willing to pay little more for close distance to hotspot workplace. Small % maybe willing to pay for better view.
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Cavatzu
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Aug 7 2022, 11:22 PM
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QUOTE(Najibaik @ Aug 7 2022, 07:49 PM) Ppl will not pay 300-500 higher for view but given same rental price and same furnishing condition of course people go for better view unit first The way I’d approach it is an overall package. And only if it’s in high demand or highish Socio economic status areas. A good view + good ID MAY get you higher returns but it has to be balanced by the cost of it as well as execution. Most of the time the capital outlay is not reciprocated by a higher return so most people revert to a generic lower cost standard of finishing. So that in itself may mean that there is demand for better quality units with good furnishing etc. Rule of thumb is around 10% of the property price/value for furnishing etc. That’s why a 100k Reno for a 500k Reno doesn’t really work for investment purposes.
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sweetpea123
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Aug 11 2022, 02:11 PM
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Any agents offering rebates? Pls om
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Yuta
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Aug 12 2022, 01:23 PM
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New Member
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Thinking of getting 2 bedroom unit for ownstay. Seems like go to any KL working locations also not too far.
Concern is the number of lifts for 22 units in a floor.
Currently renting at this developer previous project in Ampang. Lifts breakdown quite often.
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SUSNajibaik
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Aug 12 2022, 01:40 PM
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QUOTE(Yuta @ Aug 12 2022, 01:23 PM) Thinking of getting 2 bedroom unit for ownstay. Seems like go to any KL working locations also not too far. Concern is the number of lifts for 22 units in a floor. Currently renting at this developer previous project in Ampang. Lifts breakdown quite often. regretted it, so gonna change supplier this time
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butthead76
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Aug 16 2022, 06:24 AM
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Most lifts now manufactured in China, parts are less reliable even for big popular companies. Also, when you have high density condo, tendency to have higher break down and maintenance. Do expect 1 to 3mins waiting time up and down when it's more then 1k units condo. Critical factor is how efficient is the management in maintaining lifts as well as the responsiveness of the lift company. All you will only know after staying 2 to 3yrs. So buying under construction development is roll of the dice gamble. Unless you buy secondary then at least you know the quality and maintenance. Many would want to save money by buying new condo. However, buying secondary market got its advantages too. This post has been edited by butthead76: Aug 16 2022, 06:25 AM
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hopeful forever
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Aug 16 2022, 05:44 PM
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Getting Started

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With air bnb and str tenants staying in this investment product, wear and tear is inevitable.
Lifts will be used more often and electricity bill also will be higher. Some1 told me thr r loads str tenants at arte mont kiara and they just dirty up the place quite badly.
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xXjinXx
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Aug 16 2022, 06:45 PM
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Getting Started

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QUOTE(butthead76 @ Aug 16 2022, 06:24 AM) Most lifts now manufactured in China, parts are less reliable even for big popular companies. Also, when you have high density condo, tendency to have higher break down and maintenance. Do expect 1 to 3mins waiting time up and down when it's more then 1k units condo. Critical factor is how efficient is the management in maintaining lifts as well as the responsiveness of the lift company. All you will only know after staying 2 to 3yrs. So buying under construction development is roll of the dice gamble. Unless you buy secondary then at least you know the quality and maintenance. Many would want to save money by buying new condo. However, buying secondary market got its advantages too.  pre-order baru murah hahahah
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hopeful forever
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Aug 16 2022, 06:50 PM
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Getting Started

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Actually how far is kl48 to walk to chan sow lin lrt station now.
Is it 600m?
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wotpian
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Aug 16 2022, 07:45 PM
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QUOTE(hopeful forever @ Aug 16 2022, 06:50 PM) Actually how far is kl48 to walk to chan sow lin lrt station now. Is it 600m? Around that. About 700 to 800m
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SUSNajibaik
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Aug 16 2022, 07:58 PM
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QUOTE(hopeful forever @ Aug 16 2022, 06:50 PM) Actually how far is kl48 to walk to chan sow lin lrt station now. Is it 600m? To existing lrt around 700m-800m To upcoming mrt entrance about 500-550m
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hopeful forever
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Aug 16 2022, 10:18 PM
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Getting Started

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Is trion 2 nearer to the mrt / lrt in chan sow lin as compared to KL48
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jetzxp
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Aug 17 2022, 11:02 AM
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QUOTE(hopeful forever @ Aug 16 2022, 10:18 PM) Is trion 2 nearer to the mrt / lrt in chan sow lin as compared to KL48 A few steps nearer
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Jagalat
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Aug 17 2022, 04:09 PM
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QUOTE(Najibaik @ Aug 16 2022, 08:58 PM) To existing lrt around 700m-800m To upcoming mrt entrance about 500-550m Thanks for the keyword entrance. I bet lrt platform(where train stops) is nearer to this project main gate if compared to underground mrt2 platform to this project main gate. This post has been edited by Jagalat: Aug 17 2022, 04:22 PM
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