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Investment KL48 @ Jalan Sungai Besi, Latest Chan Show Lin Project

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Cavatzu
post Jul 28 2022, 09:43 AM

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QUOTE(Lgdc0625 @ Jul 6 2022, 11:53 PM)
Actually dont need to spend so much. U just need to know the trick to do reno. I spent 10k to do reno and get a rental os 2k. Other owner hire ID spent 30k to get rental of 1.6k to 1.9k. But I make back my renovation cost in 5months and start to enjoy rental while others need to wait 1-1.5yrs to enjoy rental.

It may be good to include furnish into selling price so u save ur pocket. I think as a property consultant if able to give more insight on rental market especially in high dense project will be better advise then solely base on good view. As we all know view can never last. Unless developer can guarantee it.

Just sharing my view since I have experience owning a property in high dense project.
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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.

Cavatzu
post 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?
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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
Cavatzu
post 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
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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.
Cavatzu
post Nov 6 2022, 04:35 AM

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QUOTE(jojolicia @ Nov 5 2022, 03:48 PM)
In bold, good for you. Many SA try close smoke screen sale. Try tell something not already known, not treat ppl like 3 year old kid 1st time buyers.
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It’s all a matter of perspective but this area is so darn unattractive. If people were being sold on the “potential” it’s going to take a long time.

QUOTE(Najibaik @ Nov 6 2022, 01:03 AM)
it is good luck in many kl cheras new property anyway

it is a norm now, you wan lower plot ratio/density property, money can solve all the problem  biggrin.gif
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It’s a matter of degree. Above 400 is considered not fit for human living. Whilst perhaps 200-300+ became the norm why do they always have to aim to be the best in worst attributes. Even Singapore does not build at this density!

This post has been edited by Cavatzu: Nov 6 2022, 04:35 AM
Cavatzu
post Nov 6 2022, 11:34 AM

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QUOTE(Najibaik @ Nov 6 2022, 10:55 AM)
I not sure how high are you but this isn't a project with Rumahwip in it

Btw my first house is rumahwip with shared facilities with non rumahwip block, maintenance fees is the same as others, same rate charges by your square feet

Not sure why many ppl think non rumahwip is higher class

Eg non rumahwip unit RM460k - 1000sf, 3 rooms 3 bathroom, with balcony, 2 carpark, 4 aircond, better floor tiles
Rumahwip unit RM300k - 850sf, 3 rooms 2 bathroom, no balcony, 1 carpark, bare unit, basic floor tiles

And you think non rumahwip is much higher class
why want seperate maintenance fees? It is same charges about 30sen psf for all unit, none rumahwip is 1000sf hence total amount is higher, simple as that

If im not mistaken there is a rumahwip/mampu milik by Exsim with total of 30 units per floor
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Don’t think it’s about class. Full priced buyers will be annoyed that they are subsidising rumahwip and they want there to be a clear distinction that they are superior whether it’s restricting access to facilities or a better build quality. It’s just human nature.

Cavatzu
post Nov 6 2022, 02:20 PM

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QUOTE(Najibaik @ Nov 6 2022, 11:53 AM)
annoyed
superior
subsidising

exactly the buyer who felt they are more atas
need to see the pricing and the spec

800k mixed with 300k rumahwip yes
400-500k mixed with 300k I just wanna laugh at them if they think they are more atas
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Yea there’s 2 types - one where the psf is much lower than full price and the other is about the same but with studio sizes. The studio size type is really just a different unit type in the development and should be treated the same becaus they may have a big weakness in not being able to resell or rent out (legally).
Cavatzu
post Nov 7 2022, 08:20 PM

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QUOTE(Jagalat @ Nov 7 2022, 07:31 PM)
I suggest to reread posts from 10:30am onwards whereby the surrounding rumahs weep can be a factor to decide/quit.
So it's fair to build a list and discuss if those rumahs are real/ significant contributiors. It then sparks the comparison of mrt/lrt line xyz....
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Hilarious rumahweep indeed for the neighbouring projects who have to compete with them. In this instance I think it’s valid as the area is still not established well as a decent residential area.
Cavatzu
post Nov 8 2022, 05:44 PM

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QUOTE(Najibaik @ Nov 8 2022, 03:46 PM)
trust me man i walked 1km from my house to cheras lrt back during my college days and normal walking take about 20mins

plus walking 1km is insane man, doubt many youngster nowadays do this

still rumahwip isnt suppose for investment hence i guess it is still okay
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Serious? 1 km walk is insane? No wonder we’re the most obese in Asia. A typical thread mill session is like 3-4 km.

Then you all need to live in those coffin cubicles in a train station and stumble out to go to work like in Japan.

This country worries me - we’re really entitled, prejudiced and lazy with a third world income. It’s not a good combo.

This post has been edited by Cavatzu: Nov 8 2022, 05:49 PM
Cavatzu
post Nov 8 2022, 07:27 PM

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QUOTE(Marcus1680803 @ Nov 8 2022, 07:14 PM)
That kind of tenants you mentioned will most likely choose rumawip or low-cost apartment as price is their main concern.. can accept to walk so long means time is not their main priority as they choose to sacrifice more time in return of lower rental..

skyline, kl48, one residence and trions are targeting for different market la (which value their time and lifestyle more  rclxm9.gif )..
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Dude there is so much choice. If you really want Pudu yes Skyline is right next to the lrt. The rumahwips are a bit further away but are very affordable. As your income grows, you use your money to buy convenience and comfort. We are f’ing lucky that this might come at a price tag of 1 or 200 extra per month. If people want the lowest cost then accept the slight discomfort.
Cavatzu
post Mar 10 2024, 07:22 AM

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Still very curious about Chan Sow Lin area with all the recent VPs - Trions and One Residence etc.

Seems like demand is still relatively lacking unless it’s Airbnb. Or maybe that’s the turn off for people considering staying there long term.
Cavatzu
post Mar 10 2024, 01:09 PM

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QUOTE(Najibaik @ Mar 10 2024, 10:26 AM)
if demand here is lacking then why got ppl choose to stay the airbnb here?

off topic this is trion 1 occupancy rate, photo was taken last year Christmas from Hallaway, midnight time
Less than 6 months VP that time

user posted image
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You made my point for me. Christmas season and Trion 1 allows Airbnb and there’s some viral articles about the occupancy rate. I know it’s your job to put out fires but be objective.
Cavatzu
post Mar 10 2024, 06:10 PM

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QUOTE(IAmYourFather @ Mar 10 2024, 05:27 PM)
I mean for as low as RM150 you get a new studio unit for airbnb that fits a small family, I guess some people would rather stay in subpar location as long as it has all the facilities and able to travel via grab / car. It's worth it for those who doesn't need the amenities from a hotel I guess, to each of their own.
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Well yes it’s cheap. I don’t think there would be a cheaper option in KL cbd for a family of 4 for example. Trion has some pretty awesome facilities too.
Cavatzu
post Mar 11 2024, 10:25 AM

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QUOTE(DragonReine @ Mar 11 2024, 08:50 AM)
Speaking with several T2 and KL48 buyers, those who ownstay cite "proximity to work/CBD" as their main reason for buying.

The travel distance probably trumps the fact that the immediate surrounding is less than ideal, since amenities like shopping malls, hospitals etc. are all 10 minutes drive away at most.

If the target audience are those who work 9-6 and aren't at home most of the week due to work, the location is likely more important than whether the immediate area has a thriving commercial lot.
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So it’s pretty much the young professionals crowd. The layouts and other factors don’t seem to be for starting family crowd. DiNKs or decently paid professionals have better options for the price.
Cavatzu
post Mar 11 2024, 04:05 PM

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QUOTE(Chanzeryl @ Mar 11 2024, 01:14 PM)
Huh? The price range of RM400k - RM700k for a 650 square feet studio-like room is definitely too much for 1st homebuyers especially at a factory location shocking.gif
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Not studio but it’s certainly very squashed. 650 sqft 2 bed around 450k. Yea it’s not cheap. It’s roughly the baseline affordability for a KV white collar worker. I’d rather get a M Vertica for the price lol.

 

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