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Investment The Atera PJ by Paramount, PJ New Launch

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Teemo1234
post Aug 29 2022, 11:45 AM

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QUOTE(Nelon.Leong @ Jul 30 2022, 08:08 PM)
Wah seems like very dense given the road also narrow..
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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


QUOTE(pentel @ Jul 30 2022, 10:58 PM)
Would noise be a problem? One side facing LRT track, the other side facing federal highway
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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


QUOTE(Just_a_dude @ Aug 22 2022, 03:07 PM)
800psf.. a bit expensive
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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


QUOTE(cwt2878 @ Aug 25 2022, 08:26 AM)
this area looks like mainly industrial / office area, not sure how the residential units response will be for rental.
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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


QUOTE(Lucky94 @ Aug 28 2022, 11:08 PM)
Seen like not bad . If PJ able to get 800 per feet and direct link with LRT .
I think they had existing project call Atwater ?
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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

This post has been edited by Teemo1234: Aug 29 2022, 11:48 AM
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
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
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 👍🏻
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.


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
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
Teemo1234
post Sep 7 2022, 08:30 PM

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QUOTE(elimi8z @ Sep 7 2022, 03:45 PM)
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
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I prefer Ruby as well but not everyone can accept the pricing they are offering and the facilities offered.

Most of my clients who went with Ruby LOVE the area and the fact that its freehold
Teemo1234
post Sep 7 2022, 08:30 PM

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QUOTE(LexFei @ Sep 7 2022, 07:20 PM)
RM570k is after rebate ?
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Yes good sir or mam, 570k is after rebates
Teemo1234
post Sep 8 2022, 10:07 AM

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QUOTE(LexFei @ Sep 8 2022, 12:43 AM)
How is the sales now ?
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I can't comment on this because booking also haven't start, but on the 15th I'll give you an update on this because the system opens up on the 15th and that's when I'll be locking in the units
Teemo1234
post Sep 8 2022, 10:10 AM

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QUOTE(Cavatzu @ Sep 8 2022, 07:22 AM)
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.
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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.
Teemo1234
post Sep 8 2022, 07:59 PM

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QUOTE(Cavatzu @ Sep 8 2022, 11:03 AM)
Well nothing new that is. Rumahwips and lelongs still do. Anything that is markedly under the median market price for a given area.
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Teemo1234
post Sep 10 2022, 12:39 AM

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QUOTE(Babizz @ Sep 8 2022, 10:27 PM)
How is demand for Ryan milo?
How many carpark for type B and type c
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Sold out upon VP good sir, Type C is 3 carparks, Type B is 2 carparks
Teemo1234
post Sep 15 2022, 11:40 AM

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QUOTE(Jerevinchin @ Sep 13 2022, 08:11 PM)
Was told 90meter away and only affecting Tower A
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Yeap you're right its 90m away, while LRT track is 50m away

 

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