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Investment The Atera PJ by Paramount, PJ New Launch

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Teemo1234
post Aug 29 2022, 04:01 PM

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QUOTE(Cavatzu @ Aug 29 2022, 01:03 PM)
This is how an REA should conduct themselves. Good English literacy with an informative yet not forceful tone. Keep it up.

I’d just say that R&M was quite a bit lower than 800 psf as they tried to sell of units prior to vp.
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Thank you for your kind words Cavatzu!

Yeap you are right. If we're talking about nett psf, Ryan and Miho was selling wayyyyy below RM 800 psf

That is how they manage to sell off the remaining units right before their VP biggrin.gif
cwt2878
post Aug 29 2022, 05:23 PM

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So for investment, rental needs to start from 2.5k for the smallest unit. Doable?
GreenStyle
post Aug 29 2022, 05:53 PM

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Hi, I am SA for this Project, For Who interested to get Details of this Project, Please PM me
flautist
post Aug 29 2022, 07:27 PM

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wowww luv stay in pj .. wish to buy dis but crazy $$$ ?? got show unit can see?
AspiringActuary P
post Aug 29 2022, 08:07 PM

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Parking
Blahblahboom
post Aug 30 2022, 01:05 AM

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Developer briefing today, the system will open to lock unit by 15th September.
First launching 1st phase Tower 1, total got 3 phase.
Come with partially furnished and smart home system. icon_rolleyes.gif thumbup.gif
Cavatzu
post Aug 30 2022, 11:59 AM

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So the 550 sft 1 bedders are rsku? Do they operate on the same psf?
Just_a_dude
post Aug 31 2022, 07:14 AM

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Best investment here will be the RSKU
Cavatzu
post Aug 31 2022, 07:54 AM

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QUOTE(You Don't ... @ Aug 31 2022, 12:35 AM)
PJ with condos up to year 2010 is good enough. Please dont jam PJ like Jakarta.
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Positive thing is most of PJ is already built up. The areas ripe for redevelopment are PJ Old Town and the section 14 industrial area. Beyond that, I can’t really make out areas suitable for projects. Unlikely you’ll see the flood of units like in Cheras.
flautist
post Aug 31 2022, 10:22 AM

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QUOTE(Cavatzu @ Aug 31 2022, 07:54 AM)
Positive thing is most of PJ is already built up. The areas ripe for redevelopment are PJ Old Town and the section 14 industrial area. Beyond that, I can’t really make out areas suitable for projects. Unlikely you’ll see the flood of units like in Cheras.
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sentul pasar also crazy many units... terrible, no sense of charm rclxub.gif PJ still charming geh..
Cavatzu
post Aug 31 2022, 10:31 AM

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QUOTE(flautist @ Aug 31 2022, 10:22 AM)
sentul pasar also crazy many units... terrible, no sense of charm  rclxub.gif  PJ still charming geh..
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I mean it’s ok as one of the OG residential suburbs with a lot of history, accessibility and convenience baked in. The main charm is that you’re not exactly dwarfed by concrete towers as you approach the area though even that is changing.
Lucky94 P
post Aug 31 2022, 11:13 PM

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But i see the problem is the road assets . One way in and out. Some more all the small factory and copper mansion . Confirm superjam .

I also saw a high tension & LTR ( asia jaya ) beside this condo ....




ck2chan
post Sep 1 2022, 12:36 AM

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QUOTE(Blahblahboom @ Aug 30 2022, 01:05 AM)
Developer briefing today, the system will open to lock unit by 15th September.
First launching 1st phase Tower 1, total got 3 phase.
Come with partially furnished and smart home system. icon_rolleyes.gif  thumbup.gif
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Rumah Selangorku is which Phase?
ysc
post Sep 1 2022, 02:33 AM

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QUOTE(ck2chan @ Sep 1 2022, 12:36 AM)
Rumah Selangorku is which Phase?
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Together with first phase.

Each floor got two units.
In every floor.
cwt2878
post Sep 1 2022, 11:12 AM

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QUOTE(Lucky94 @ Aug 31 2022, 11:13 PM)
But i see the problem is the road assets . One way in and out. Some more all the small factory and copper mansion . Confirm superjam .

I also saw a high tension & LTR ( asia jaya ) beside this condo ....
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A new access road will be built by developer to resolve this.
Just_a_dude
post Sep 1 2022, 01:21 PM

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What factory is here?
LexFei
post Sep 1 2022, 04:03 PM

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How much the selling prices ?
SuperM88 P
post Sep 1 2022, 10:23 PM

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QUOTE(LexFei @ Sep 1 2022, 04:03 PM)
How much the selling prices ?
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the smaller size from RM550K++
Teemo1234
post Sep 1 2022, 10:26 PM

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QUOTE(cwt2878 @ Aug 29 2022, 05:23 PM)
So for investment, rental needs to start from 2.5k for the smallest unit. Doable?
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Heyyy, so its depends on your own preference

For example, smallest unit is 770sf with gross price around RM 832 psf
SPA price: RM 633k (Estimated)
Monthly Installment: RM 2.3k
Maintenance Fee: RM 0.32 psf x 770 = RM 246
Total Monthly Repayment: RM 2.6k

Based on the immediate surrounding, the rentals for a 2 bedroom unit is going for RM 1.8k - RM 2.4k per month. Keep in mind these condos are more than 5 years old and the distance to LRT is not as close as Atera.

Yes you can possibly rent it out at RM 2.5k and your tenant is covering all of your interest and most of your principle

Or you can also lower the rental a little more.

Personally, as long as my rental can cover my interest and then some, I'm happy. The rest of forced savings

Based on Iherng, his advise would be if you can cover at least 70% of the monthly installment its considered okay already.

So depending on how you wanna do it.

If you prefer to have a positive cashflow from your investment, perhaps a subsale unit would be better but one gotta look out for good deals and have some cash on hand for downpayment, legal fee and renovation cost, around 18% - 22% icon_idea.gif



QUOTE(You Don't ... @ Aug 30 2022, 11:53 AM)
Making PJ more congested. Sigh.
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Yaaa agreed PJ is getting more congested, but to be honest PJ is still my favorite park of Klang Valley despite of the jam. The convenience and road access is thumbup.gif

Not sure if you share the same view?



QUOTE(Cavatzu @ Aug 30 2022, 11:59 AM)
So the 550 sft 1 bedders are rsku? Do they operate on the same psf?
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Hey Cavatzu, yeap the 555 sf/ Type A units are RSKU and they don't operate on the same PSF as the other units in Atera.

Because these units are subsidized by the government so its lower

For example, the RSKU units are selling for RM 270k

RM 270k/ 550sf = RM 490 psf



QUOTE(Just_a_dude @ Aug 31 2022, 07:14 AM)
Best investment here will be the RSKU
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Hey Just a Dude, these units are named Affordable homes for a reason ya know. They are for those who are in need of a place in Klang Valley to stay. Buttt i know people do rent their RSKU out for others to stay. Malaysia Boleh? console.gif



QUOTE(LexFei @ Sep 1 2022, 04:03 PM)
How much the selling prices ?
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Hey Lex Fei, the Gross selling price for the units is as below

770sf - RM 640k
1024sf - RM 852k
1419sf - RM 1.1m

If you'd like more info, please feel free to drop me a message thumbup.gif

Teemo1234
post Sep 2 2022, 05:34 PM

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QUOTE(You Don't ... @ Sep 2 2022, 10:43 AM)
Yeah PJ still good for now....
So stop with the building of new condos at every nook and cranny of PJ.
The more condos the more congested PJ becomes. Hello, common sense please.
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Ikr sad.gif

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