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

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DragonReine
post Aug 18 2022, 05:14 PM

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Trion2's view never really had issue with fear of being blocked, because of their building orientation. The "nicest" view (Block B Type C facing TRX) is facing a large government-owned printing facility, unlikely to get big building directly blocking TRX view.

Most likely that person referring 30k is for Trion 1 which was launched with 2017-2019's elevated property market pricing compared to current market 🤣

This post has been edited by DragonReine: Aug 18 2022, 05:14 PM
DragonReine
post Aug 22 2022, 09:15 AM

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QUOTE(abcheers @ Aug 22 2022, 12:58 AM)
Hello Sifus,

Will this be a good capital appreciation investment?
Price point and area imo is pretty alright except peak hour traffic.

How about the developer, perhaps inside news about its credibility?

Any idea if to compare with TR2?  biggrin.gif  biggrin.gif  biggrin.gif
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my dua sen on KL48

Pros:
- Cheap for the area
- Near public transport (MRT/LRT is within walking distance) and major business hubs (KLCC etc.) are within short driving distance
- Small units + higher mean low total entry cost and lower maintenance fees overall
- Fully furnished package means easy to start rental immediately
- New launch, so lots of units to choose from, can pick the best value floors and facing.

Cons:
- Developer is relatively unknown (but supposedly experienced directors)
- High density of over 1k units means high number of competition within development itself, not even counting nearby property
- Same high density means wear and tear damage on facilities and common areas are likely to be faster
- Small units aren't super attractive to people who buy for own stay (competition with affordable homes like RumaWIP and RSKU), usually end up having to sell to future investors
- High rise generally don't appreciate well unless the property has some special features (superb award-winning management or in high demand status area like Desa Parkcity).
- Have to wait 3+ years to see the completed product, during which economy can wildly change the value (good and bad)

Compare and contrast to Trion 2:

Pros:
- Medium density, which is a rare thing in the city centre that isn't priced over RM1million per unit.
- only 8 units per floor with 4 lifts (3 regular + 1 service) which means less waiting, again quite rare unit to elevator ratio
- Near public transport (MRT/LRT is within walking distance) and major business hubs (KLCC etc.) are within short driving distance
- Branded reputable developer (Binastra Land) with several successful and early completed projects in portfolio
- is a "younger sibling" development to Binastra's flagship mixed-use project Trion where they'll supposedly move their offices to (old rumor, haven't confirmed), so highly likely that Trion2 will have more attention from developer on quality
- Already in the process of building and seems to be faster than the time given for VP in SPA, conservative estimate that project will be ready for VP in late 2023/early 2024 based on the speed of construction.
- All units come partially furnished, supposedly S*gnature K*tchen branded (SK is a known business collaborator with Binastra's past and current projects)

Cons:
- Medium density = higher maintenance costs overall as less units to share with
- The facilities offered are on the luxurious side, which further pushes up maintenance cost
- Valuation of T2 reported to be "future priced" and higher than the market value of the area
- Binastra had one recent project Citiz*n 2 that was lambasted for poor workmanship, vandalised common areas and poor follow up to defects rectification. Binastra has since fixed most of the problems, but something to bear in mind.
- Already 90% sold based on KPKT data earlier this year, which means not much units left for sale, most likely only have the expensive high floors units or the lower-value small units with less desired facing (Edit to add: A quick look at Binastra social media just few days ago implied that the remaining T2 units are mostly bumiputera units, so stock is even more limited for non-bumi buyers)
- Same issue as KL48 regarding how high rise doesn't usually appreciate well in Malaysia
- Only partially furnished so still need to add on cost of own furnishing
- No option to customise the partial furnishing (all standardised finish and color)

This post has been edited by DragonReine: Aug 22 2022, 05:39 PM
DragonReine
post Aug 22 2022, 05:32 PM

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QUOTE(gks @ Aug 22 2022, 03:57 PM)
There are many more condos with more competitive price and  superior location than this project that still struggling to attract tenants with meaningful ROI.

Buyers only have themselves to be blamed if they couldn't even bother to do some meaningful research prior putting their hard earned money.
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Personally predict stagnant rental for a good few years more for KL city area.

M'sia unfortunately isn't designed to be commuter friendly, in fact MRT originally was designed to "revitalise" the train stop areas, which in practical application meant it was designed as an investment vehicle for developers and landowners to build expensive TODs in the middle of nowhere, not to make life more convenient for the rakyat.

We're already seeing the effect of this in oversupply of service apartments that remained unbought/empty of tenants. Stagnant wages, inflation of lifestyle costs, and brain drain also means that finding tenants becomes more difficult, when the average fresh grad professional can't even afford to rent a room within city centre.
DragonReine
post Sep 1 2022, 04:12 PM

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QUOTE(wotpian @ Aug 29 2022, 08:33 PM)
Walking to mrt or lrt is really no problem with this kind of distance, just hope that more covered walkway or nice landscape pathway can be provided by government or developer. Make it more pleasent to walk like Singapore.
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QUOTE(Najibaik @ Aug 29 2022, 09:31 PM)
don't think cover walkway is doable here since there is road need to be crossed
however if authorities can make the roads surrounding to be smooth will be the best, since election is coming  biggrin.gif
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Niceness of pedestrian roads in Msia subject to whether the developer got some interest in gentrifying the neighborhood, owns enough parts of the land/collab with local authority on road structure, and have enough money.

Can see in certain places dominated by certain developers (Punc*kd*na group, S*me D*rby, Sunw*y).

Whether CSL roads well get similar treatment is a big question mark since the area is divided into small parcels with various owners.

The only indication of potential pedestrian road improvement is DBKL's recent initiatives to become a carbon-neutral city, see below:

(2021) https://www.thesundaily.my/local/action-pla...hidan-CA8637172

(Mid August 2022) https://www.nst.com.my/news/nation/2022/08/...courage-walking
DragonReine
post Nov 8 2022, 06:23 PM

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QUOTE(Cavatzu @ Nov 8 2022, 05:44 PM)
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.
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1km is "not insane" only if there's proper pedestrian pathways, not just tiny narrow sidewalks with zero cover and no barrier next to >80kmph highways. That's assuming such pathways exist. Too many developments promoting "walking distance" but the walk involves walking on the edge of a busy 4-lane highway for example.

Malaysia weather and traffic limit the safety and comfort of walking.

This post has been edited by DragonReine: Nov 8 2022, 06:24 PM
DragonReine
post Nov 9 2022, 10:24 AM

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QUOTE(Najibaik @ Nov 8 2022, 08:41 PM)
staying real close to lrt is real convenience but you will have to bear with the lrt noise pollution
tho choosing unit facing away from the track will do the job
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Noise pollution depends on the specific surroundings also.

I lived next to Universiti LRT (less than 300m away from track) for a while in an old PPR in my early job days before that area was completely revamped, the noise very 5 minutes is really crazy annoying after several months, not helped that there's no sound barrier and the building being PPR doesn't have soundproofing.

Compare to currently a friend living virtually on doorstep of Setiawangsa station, the layout of the condo and area surrounded by trees/forest blocks a lot of noise, it's very quiet.

As always buyer need to actually weigh their specific needs & wants (and the needs/wants of their target tenants, if buying for investing) vs the project's specific design and surroundings.
DragonReine
post Sep 24 2023, 05:10 PM

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QUOTE(Chonloo13 @ Sep 24 2023, 02:20 PM)
How’s this developer reputation?
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You can visit Liberty Arc @ Ampang Ukay which is a similarly mixed development project by same developer: https://maps.app.goo.gl/EivHzeFaB3ouwQno6
DragonReine
post Oct 5 2023, 03:32 PM

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QUOTE(TAN BOON PIN @ Oct 4 2023, 10:44 PM)
May i know why this project Developer apply development period from 36 to 48 months??
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48 months become norm these days 😂 especially with this project height and unit density, and all constructing at once as "one" phase.
DragonReine
post Mar 11 2024, 08:50 AM

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QUOTE(Cavatzu @ Mar 10 2024, 07:22 AM)
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.
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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.
DragonReine
post Mar 11 2024, 11:56 AM

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QUOTE(Cavatzu @ Mar 11 2024, 10:25 AM)
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.
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The price range of RM400k - RM700k seems to about match with the market of 1st home owners who don't want or cannot buy RumaWIP, but cannot afford much higher for new development with bigger units at better location. Contrast with Belfield (much more expensive if buying beyond the smallest unit that only offers 2 bedrooms), or Sunway Velocity (similar negative remarks about price).
DragonReine
post Nov 8 2024, 10:19 PM

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QUOTE(nexona88 @ Nov 8 2024, 08:07 PM)
What's actually the issues till being slapped with stop orders??
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Nearby condo complain work overtime:

https://forum.lowyat.net/index.php?showtopi...ost&p=110746171
DragonReine
post Mar 18 2025, 12:30 AM

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QUOTE(Najibaik @ Mar 13 2025, 05:12 PM)
depends on what time i guess
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Inner right side of the U shape will get no sun at all unless noontime laugh.gif plot front face north-east, the right side block confirm block the inner area from morning sun, then once past noontime the sun will be towards back of project.
DragonReine
post May 16 2025, 01:27 PM

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QUOTE(Najibaik @ May 16 2025, 12:01 PM)
progress at Q2 2025, reached level 42
4 non bumi units just released, the rest left all bumi lots
interested may pm me  :thumbsup:

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Looks good

Any hints about what kind of shops might be tenants?
DragonReine
post Jun 25 2025, 03:42 PM

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QUOTE(Jagalat @ Jun 24 2025, 11:24 PM)
Curious why this account is suspended??
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Maybe other post history? laugh.gif don't see them post here so active also

 

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