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 Hype Residences @USJ7 by Sime Darby

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Longshot
post Jul 17 2024, 01:16 PM

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QUOTE(eugenepoon @ Jul 17 2024, 08:43 AM)
biggrin.gif

Price before rebate I suspect.
Should work out around RM730psf
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Even at rm730psf I think it's abit pricey
Damen 700sqf was transacted at RM510k making it around rm730psf

At rm730psf (if nett price) for 550sqf still haven't factor in interest during construction period.

Good deal....?

Everyone has their own views, up to each to decide.
There are other factors differentiating the 2 development but given their close proximity to each other their impact can be quite negligible or limited.

There is also the challenge of incoming supply not only from the subsequent launches in usj 7 by sdp but also from Maxim recent land acquisition.

Longshot
post Jul 17 2024, 01:20 PM

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QUOTE(Gorila_ @ Jul 17 2024, 09:37 AM)
Sime darby buyer pushing up condo price to KL level. Your few landed property will rise with the tide. Congratulations.

Never knew subang price can achieve this level, and superb sales as well
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biggrin.gif

Thank you Boss...
Longshot
post Jul 17 2024, 08:06 PM

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QUOTE(eugenepoon @ Jul 17 2024, 01:46 PM)
IMHO, the comparison which one is a good buy or which one is a good buy are often dependent on what additional factors to consider.

If we mainly just look at psf alone, it might not paint a full picture (for an investor, probably it paint most of the picture).
Some could buy cash, or family near by, or kids going to study in Sunway area or etc.
We will not know ones complete formula in making decision to buy a property.

I think comparing the Damen unit with Hype is not really a fair comparison as the TOD element itself would jack up the price.
Even comparing landed with highrise is like comparing apple and oranges is not a fair.
Different people prefer different fruits and at different stage of life, you eat different fruit.

we can take all these as a benchmark of what is happening in the surrounding, making it a deciding factor wouldnt really accurate.
For sure, other have a view on this and etc.

ultimately, IMHO, 550sqft is a good buy. I think the price is alright.

Ok enough said, i will go back to sweeping the floor.
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Boss,
While I agree with you that different ppl will have different priorities and evaluation criterias but imho we shouldn't ignore the basic or hard factual data. Only when a development has pass the basic evaluation and is viable, then only should we look into the other considerations, that's my 2 cents and just me, others have other ways which is fine.

Bcos when it comes to exit time, no banks, potential buyer, valuation report etc are going to take into account much of the "other considerations".

On the point that using Damen is not a fair comparison bcos of TOD element, then are you saying the rest of launches within USJ7 development also is not a fair comparison bcos of TOD element? What is your definition of Tod? I based mine on the attached presentation slide sometime back (credit to the author). Perhaps you have a more recent definition. Kindly share.

And if you can't use Damen as a guide, then may I know how did you arrive at "550sqft is a good buy. I think the price is alright."

Appreciate if you can share you method.

I don't know much and hope to learn more.
Tqtq Boss.

I go home first, today wash toilets until OT ....





Attached File(s)
Attached File  20211020_Alias_Rameli_TOD_and_Market_Feasibiltiy_Study_for_Real_estate_Development__1_.pdf ( 11.29mb ) Number of downloads: 102
Longshot
post Jul 17 2024, 09:15 PM

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QUOTE(Gorila_ @ Jul 17 2024, 08:49 PM)
Boss Longshot, let them goreng subang property lar. It's a vibrant and young town. Hipster cafes, student crowd. Now I see a few angmoh also like subang.

What's wrong with it. You can enjoy inflation in your bungalow mar. Sell off some inflated terrace houses then buy back later when bubble pops.
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Good idea...πŸ‘πŸ‘
I like it

Will close my mouth..... hehehe
Longshot
post Aug 5 2024, 01:20 PM

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QUOTE(jrshow @ Aug 5 2024, 11:16 AM)
looks very slow launching, is this mean is not attractive?
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Boss, where got slow....
See below....πŸ˜Άβ€πŸŒ«οΈ
After this Damayan, we go see where the next launch...ya



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Longshot
post Dec 10 2024, 08:35 AM

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Sticker game.

Don't think most buyer can only afford 600k property.
Don't underestimate USJ or Subang Jaya investors and property owners.
More likely at that price point, ppl don't see the value anymore bcos just top up abit or hunt around, might get landed, which is the preference and demand for that area.
Hence this also explain the recent napic report that landed price are creeping upwards as more and more high rise launches in the area.
Longshot
post Dec 10 2024, 01:00 PM

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QUOTE(chainyong @ Dec 10 2024, 11:33 AM)
If most of the buyer can afford property price higher than 600k, now rumah selangorku unit will selling at 600k and above.

USJ people might rich, but why they want to buy a high price condo? If USJ really hot cake, all units in Hype, in Alora and Amika will fully sold and no any single unit will leave.

My relative also bought Hype, but mainly for own stay, as he prefer to stay in condo but actually he stay with his in USJ big size double storey, just in future he thinking whole family move to condo becuase facilities and also more convenient n public transportation.

Many uncle aunty in USJ is super rich, but not necessary they have to buy or invest on the premium price condo.

Like myself, getting a double storey in USJ, DP plus renovation, easily 300k cash needed, but i will never buy a premium price condo in USJ. If i want to buy at premium price condo, USJ will not be my choice, i better go to Sunway or other more atas place
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Boss,
Thank you πŸ‘
You just contradict your earlier statement above.

Longshot
post Dec 10 2024, 04:19 PM

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QUOTE(chainyong @ Dec 10 2024, 04:03 PM)
I think you have to understand the meaning of "most"

Premiun price product have less target audience.

My family memeber bought Hype also is a loan rejected unit. If can afford why loan rejected?

The the potential house buyers are not from Subang Jaya and USJ itself only, that is many pontential buyers for ownstay and investment are not stay in Subang Jaya area.

My sister invest in Sunway condo, she bought about 700k during MCO, now easily can rent out RM 3500 monthly to colleague student. I do not think USJ can have this kind of rental yield. She is not stay in Selangor , but her supplier told her this is a good deal to invest.

Myself stay in puchong 15 years, and soon will move to USJ.
If Hype selling cheaper and bigger built up, then i will not go for subsale landed.

I know many buyers of Hype and USJ resident put high expectation in this project, hope it can bring USJ house price increase.

Anyhow, market and the buyers are the indicator , if the project not fully sold, only one reason, the project is overpriced, it do not means Hype do not have potential, just it need time to grow.

Developer is selling you the future price, all their investment on amentities on facilities have to take back from buyers. If overall market is good, most of the buyers are rich, how overpriced the new project also can sell easily just like the property rally wave in 2010.

My friend family is a small developer, they also can see their project have a high loan reject cases compared to previously, worse than MCO time. The leftover buyers are getting weaker and weaker buying power, targer audience getting lesser, i guess high possibility the rich buyers bought too much property during MCO offer time, that time 1million property also can sell within one month after discounted from 1.4 million, i want to buy also too late as my agent told me booked by others during MCO time, i just need few weeks to consider after my viewing, but it taken by others so quick.
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Boss,
You can ignore me.
I didn't pay much attention in English class during school, so I can't understand what you trying to say.
My English very poor....so sorry....ya

Longshot
post Apr 16 2025, 10:45 AM

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Teduh KPKT project-swasta

Not sure if this has been updated but it's a more reliable source of info.


Longshot
post Apr 17 2025, 04:51 PM

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QUOTE(Budgie Smuggler @ Apr 16 2025, 10:33 PM)
Not very updated as I can see my unit listed as unsold even tho I already sign SPA since Sept 2024  doh.gif
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Thanks for the update Boss.
Although slow in update, i guess it's still a pretty good source of information.
Also, after signing of spa, you still need the developer side to sign and then get it stamped and then wait for it to be reported.

I wonder when the e-SnP will come in, guess that will speed things up


Longshot
post Apr 20 2025, 10:57 AM

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QUOTE(thx2012 @ Apr 19 2025, 07:58 PM)
that 1 not update la, i already check with agent, the unit left only 3 bedroom and 3+1 bedroom, unit less than 20 only

u can visit below website, their website now only post 3 bedroom and above.

https://simedarbyproperty.com/sj7/hype-resi...LBoClEEQAvD_BwE
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Boss,
Yes, correct the kpkt teduh is not updated regularly.

My point is it is a 3rd party source of information that can be reliable.
Rather than listen to a buyer whose view, let's be honest, isn't very objective. If I am a buyer, I would also claim the same, it's all sold based on what my SA tells me or what developer show me. Nothing wrong with that but for outside ppl, they need another source of info and this is where kpkt teduh comes in. To back what is being claimed.

Same goes with developer website and whatever shown on the website may be just bookings and SNP haven't signed yet.

You can be very positive and confident with your purchase and that's all fine. I would too on my purchases. But allow others to comments and allow others to have the benefits of doubt. Nothing wrong with that too.

Hope you understand and all the best in your purchase.


Longshot
post Apr 20 2025, 11:06 AM

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USJ 1 Flyover to Persiaran Kewajipan

The construction of the flyover has been halted.
Probably cancelled. Let's see.

Wonder if this will have an impact on USJ 7 master plan?
And can MBSJ build back the pedestrian bridge that they took down and replant back the trees they chop down.

And please don't use our Subang resident assessment money to do the above things.

Longshot
post Apr 20 2025, 09:10 PM

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QUOTE(Longshot @ Oct 5 2023, 01:14 PM)
Boss,
Read my last sentence.

And I just notice the flyover is build under the LRT line πŸ™ˆ
I wonder how those lorry containers going into Sunway warehouse going to pass thru?
Even buses or those tall SUV it might be very tight.

Really, this is crazy.
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πŸ€ͺ

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