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Investment The Atera PJ by Paramount, PJ New Launch

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Cavatzu
post Aug 29 2022, 01:03 PM

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QUOTE(Teemo1234 @ Aug 29 2022, 11:45 AM)
To be honest, if you noticed nowadays projects are located in existing tamans, it will be kind of an awkward location. But what to do we are running out of space in PJ  sad.gif
Noise will surely be there but depending on your floor and facing, it can be reduced significantly. I would be more worried about the LRT Track than the highway because of the distance of the first phase to the LRT track is much nearer compared to Federal Highway. But this is the give and take that one needs to consider if one wants a project near LRT/MRT.  nod.gif
800psf is actually the current estimated value for projects on this side of PJ. Like Ryan and Miho (R&M; 800psf+) & Atwater (1000psf+)
But of course R&M and Atwater is closer to Jaya One and locations where people still find it bearable to stay and this project is located near an LRT biggrin.gif
Plus their first phase is selling at around RM 800 psf, will their next few phases still be this price? or higher? What do you guys think?  biggrin.gif
Where there is LRT there will always be demand, and TBH, I am an agent and most often than not people are still looking for areas nearer to SS2 & Section 13 area. But they'd need to understand and accept that projects nowadays are in these areas. But of courseeee subsales will have more options if you have the upfront cash of 18%~ (10% downpayment, 8% legal fees; based on Iherng's advise) on hand.  rclxms.gif
Yeappp based on the current market for new launch projects, the price point is acceptable for this area and the fact that its nearby the LRT station. But whether or not it is linked to the LRT, I cannot confirm or deny this fact. We will simply have to wait for more details from DEVELOPER. Please be mindful of agent who will mention this linked bridge to the LRT station because even Paramount hasn't mention anything about the link bridge to the LRT.  notworthy.gif
To answer the other previous post on the location,

Yes the location for Atera is located North of Copper Mansion.

You can refer to the picture below for reference rclxms.gif

user posted image
Again, because I am an agent, if anyone is interested to learn more about Atera by Paramount or simply would want to understand more on all of the other projects in PJ and KL. Please feel free to drop me a message and I'll be in touch.  icon_rolleyes.gif

Yes I have all of the projects in PJ on hand smile.gif and I'll be more than happy to serve you if you're simple want to survey around or if you're looking to buy a property soon.

Have a nice day y'all and lets try to keep lowyat in a more positive tone. Of course we can debate but let's be kind to each other. Take care thumbup.gif
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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.

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?
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.
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.
Cavatzu
post Sep 8 2022, 07:22 AM

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QUOTE(Teemo1234 @ Sep 7 2022, 06:46 PM)
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
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Looks like 4% is the point where it starts to become unprofitable which is in line with most other projects. Interest rates will only increase from here on. I doubt the rent will go up too much to compensate. But this is all a few years down the road.

This post has been edited by Cavatzu: Sep 8 2022, 07:24 AM
Cavatzu
post Sep 8 2022, 11:03 AM

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QUOTE(Teemo1234 @ Sep 8 2022, 10:10 AM)
Yeap, depends on your goals actually. If you're looking for positive cashflow, all of the projects nowadays can't give us that.

Unless you fully furnish a unit in an area that has tenants who are willing to pay for your fully furnished unit.
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Well nothing new that is. Rumahwips and lelongs still do. Anything that is markedly under the median market price for a given area.
Cavatzu
post Sep 20 2022, 04:26 AM

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QUOTE(RTKH @ Sep 19 2022, 04:44 PM)
Noticed almost all projects posted in Lowyat got bad comments more, anyone can intro a good project ? wkwkwkwkwk

sorry a newbie here ><
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Would you not be critical of generally the largest product or asset you’d purchase in your life? Woe betide anyone who adopts a cincai attitude with the project they buy into when all information sources like the media and official stats are pointing to a weak market.

The road is bloody and many have been burnt. Would it help if I told you unfortunate purchases have made bankrupts out of people which then led to even more serious issues. So yes we’re not being snippy for the sake of it though I do that too. It’s a warning of sorts for anyone who might be looking at a project and can’t see some of the glaring faults.

Open ended questions about what’s good is not helpful. You are just courting SAs. You need to be a bit more specific in terms of what you want. Maybe chatting to a few SAs would be good for you to understand some of the basics.

This post has been edited by Cavatzu: Sep 20 2022, 04:28 AM

 

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