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Investment The Atera PJ by Paramount, PJ New Launch

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Just_a_dude
post Sep 2 2022, 10:00 PM

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What to do with 9 acres land if not build condos?
ck2chan
post Sep 3 2022, 12:17 AM

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QUOTE(ysc @ Sep 1 2022, 02:33 AM)
Together with first phase.

Each floor got two units.
In every floor.
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Open for apply ready?
Teemo1234
post Sep 3 2022, 12:24 AM

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QUOTE(ck2chan @ Sep 3 2022, 12:17 AM)
Open for apply ready?
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According to how the system works, developer need to obtain APDL before anyone can apply for RSKU. Since developer hasn’t gotten their APDL, I’m afraid you won’t be able to apply 😕

But do keep an eye out once APDL is out 👍🏻
ysc
post Sep 3 2022, 01:12 AM

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QUOTE(ck2chan @ Sep 3 2022, 12:17 AM)
Open for apply ready?
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Not sure if true… but the showroom staff said all those fully sold.

Edit: maybe just want me to consider the other units😂

This post has been edited by ysc: Sep 3 2022, 01:13 AM
Teemo1234
post Sep 3 2022, 06:26 PM

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QUOTE(ysc @ Sep 3 2022, 01:12 AM)
Not sure if true… but the showroom staff said all those fully sold.

Edit: maybe just want me to consider the other units😂
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That is what the sales staff asked us agents to say too but the real situation is unknown, most probably they will hand it over to the government to allocate the units.


victorian
post Sep 3 2022, 06:51 PM

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QUOTE(ysc @ Sep 3 2022, 01:12 AM)
Not sure if true… but the showroom staff said all those fully sold.

Edit: maybe just want me to consider the other units😂
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Fully sold, reserved for internal staff, hard to get is just some of their ways to convert you.

Why would they inform you on the government unit that does not benefit them? They will try their best to hide the affordable components from the public if you don't ask.
Teemo1234
post Sep 3 2022, 06:53 PM

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QUOTE(victorian @ Sep 3 2022, 06:51 PM)
Fully sold, reserved for internal staff, hard to get is just some of their ways to convert you.

Why would they inform you on the government unit that does not benefit them? They will try their best to hide the affordable components from the public if you don't ask.
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SPOT ON! thumbup.gif
Cheah6985 P
post Sep 4 2022, 01:41 AM

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Is this project price consider low in this area?
Worth to invest?any advise?
ysc
post Sep 5 2022, 05:03 PM

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LexFei
post Sep 5 2022, 06:03 PM

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hihihehe
post Sep 5 2022, 06:42 PM

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there is only 1 road going in/out right? the traffic will be very bad especially during peak hours
ysc
post Sep 5 2022, 06:45 PM

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I heard from SA that they gonna have a new road connecting to the same road as Amway Headquarters - and apparently already approved.......

Any way to verify if this is true?
matrix88
post Sep 5 2022, 06:53 PM

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So many units all will,park their car outside on road shoulder.
reychow
post Sep 6 2022, 11:21 PM

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prime PJ area all RSKU soldout before official launch hmmm...
RAGALIA
post Sep 7 2022, 10:11 AM

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No doubt on the rental market demand there. But your calculation seems off from mine. Based on 633k and no downpayment as got cashback etc. 35years loan now interest is 3.25%-3.5% we all know it's going to increase by 0.25% this Sep and maybe Nov. So based on 4% interest is RM 2.8k + maintenance = RM 3.0k so don't think can even cover your installment. Some more knowing agents, RM 2.4k must be fully renovated with goof furnishings. hmm.gif even if based on 3.5% interest is RM 2.6k already am I missing out something? Extra cashback from developer? biggrin.gif

QUOTE(Teemo1234 @ Sep 1 2022, 10:26 PM)
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
yschaw
post Sep 7 2022, 02:55 PM

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Some info received from the SA, forward it here for members' info.

The Atera is a new high rise development by Paramount Property that is only 400m from Asia Jaya LRT Station.

🔹Located at Sec 14, Petaling Jaya
🔹0% Downpayment
🔹Loan Subsidy for 24 months
🔹Partial Furnished with Smart Home System
🔹46 Holistic Facilities
🔹FREE All Legal Fees

⭐ 3 sizes available :-
• 770sf (2R/2B) | From RM570k
• 1,024sf (3R/2B) | From RM733k
• 1,419sf (4R/3B) | From RM990k


user posted image


Rinth
post Sep 7 2022, 03:43 PM

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QUOTE(yschaw @ Sep 7 2022, 02:55 PM)
Some info received from the SA, forward it here for members' info.

The Atera is a new high rise development by Paramount Property that is only 400m from Asia Jaya LRT Station.

🔹Located at Sec 14, Petaling Jaya
🔹0% Downpayment
🔹Loan Subsidy for 24 months
🔹Partial Furnished with Smart Home System
🔹46 Holistic Facilities
🔹FREE All Legal Fees

⭐ 3 sizes available :-
• 770sf (2R/2B) | From RM570k
• 1,024sf (3R/2B) | From RM733k
• 1,419sf (4R/3B) | From RM990k
user posted image
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RM570k is gross or nett? earlier the agent Teemo mentioned is around RM 640k++

This post has been edited by Rinth: Sep 7 2022, 03:44 PM
elimi8z
post Sep 7 2022, 03:45 PM

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Compared with new projects, I think Ruby Seapark better, not too near the LRT tracks, easily go out buy groceries and foods and it's freehold. Lower density too, iinm
Teemo1234
post Sep 7 2022, 06:46 PM

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QUOTE(RAGALIA @ Sep 7 2022, 10:11 AM)
No doubt on the rental market demand there. But your calculation seems off from mine. Based on 633k and no downpayment as got cashback etc. 35years loan now interest is 3.25%-3.5% we all know it's going to increase by 0.25% this Sep and maybe Nov. So based on 4% interest is RM 2.8k + maintenance = RM 3.0k so don't think can even cover your installment. Some more knowing agents, RM 2.4k must be fully renovated with goof furnishings.  hmm.gif even if based on 3.5% interest is RM 2.6k already am I missing out something? Extra cashback from developer?  biggrin.gif
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Hi hi, macam got a bit off

I used
SPA*: RM 633k
Loan amount: RM 569k
Interest Rate: 3.4%
Loan Tenure: 35 years
Monthly installment: RM 2,319 per month

user posted image

Based on 4%
SPA*: RM 633k
Loan amount: RM 569k
Interest Rate: 4%
Loan Tenure: 35 years
Monthly installment: RM 2,519 per month

user posted image


And yeap it depends on your furnishing as well, but like i mentioned if you're okay with covering most of your installment, its still possible.

For me covering your interest and some of your principle then okay dy, butttt it depends on yourself la thumbup.gif

Teemo1234
post Sep 7 2022, 06:47 PM

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QUOTE(Rinth @ Sep 7 2022, 03:43 PM)
RM570k is gross or nett? earlier the agent Teemo mentioned is around RM 640k++
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Yeap i said its RM 633k, but that's gross. RM 570k is nett already biggrin.gif

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