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 Hype Residences @USJ7 by Sime Darby

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Grimoire
post Jul 2 2024, 10:51 AM

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QUOTE(thx2012 @ Jul 2 2024, 10:36 AM)
Then just keep waiting this 24 unit. Do u check with them what is criteria to get ?

If 2nd house also can get ?
*
cant. even those unsold in serasi cant be sold to 2nd home buyer even the status is "tawaran terbuka". just the income restriction is increased a bit. if still unsold, will be changed to "tawaran terus", salary restriction will increase more. after that only become "tawaran bebas". then no restriction.

for hype, i think left unsold bumi quota pending release/loan. no chance to change to even "tawaran terbuka". when i asked 100+ units left, all non bumi quota is filled.
Longshot
post Jul 2 2024, 11:25 AM

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QUOTE(thx2012 @ Jul 2 2024, 02:14 AM)
Driving a car to KL work? Nowadays in KL traffice jam anywhere, a lot people not driving car and using mrt and lrt go to work. Now mrt , lrt monthly ticket only Rm50 per month

This project is under walkway to Lrt , different other project u need cross road or walk around 10 minute reach lrt, nowaday people also lazy walk that far, if want cross the road to lrt they also feel dangerous.

By the way, even the commercial building build up i dont think will impact much, i can said whole subang and puchong is rely on Sunway, not Sunway i dont think subang and puchong can be hot place. Every 1 want go shopping , medical, education, theme park only will go sunway, for subang parade, summit mall just grocery.

I choose here because this condo is convenience for sunway , monash student they have another choice here, because sunway now rental is quite high and the condo also quite number of year
*
Boss,
If work in KL, won't be renting in USJ7.
Nearer to KL also got places to rent like Bangsar South....mah
Just bcos it's next to a LRT station doesn't make it the number 1 die-die must rent place.
My point is, either pay a premium for the close proximity to lrt or save the money for other expenses like a car.
No right or wrong, just a matter which choice suit the targeted tenants, they have a choice.

Funny that SDP now include commercial building as that wasn't in the initial info when the plan was revealed.
Commercial building is a good choice as it complement the planned mall in the plan unless they scrap that too.
Read my earlier post on this development where i commented on its master plan.

Subang and Puchong don't rely on Sunway but each other complement one another.
Sunway facilities like medical, mall and theme park need the foot traffic from SJ, PJ and Puchong in order for it to survive.
SJ is also known for its educational center where it attracts a lot of ppl to move over from PJ.
In short, SJ is an extension of PJ as you can see the migration pattern from KL to PJ to SJ to Puchong to KK and now branching out to Cyber, GC, Gamuda 257, Rimbayu, ES etc.
Please note this is just one migration path, there are several.

If you want to target student tenant, the market for student that can afford the asking rental price is rather limited.
Moreover its size and limited room doesn't allow for sharing of the cost between more than 1 student.
To make matters worse, you enter at a higher price point where others are entering at 250k yours is at least 33% higher.
The furnishing isn't going to make alot of different for students and even to furnish a 550sqf unit, it's unlikely to cost more than 40k and that will still be much lower than ur cost.
The point is, in the likely event of a price war, you are at a disadvantage as ur competitors has a lower breakeven point.
Your targeted tenant don't care much about view or walking extra 100m if it can save them an extra rm200 per month.
You can try to attend Sunway Open Day where alot of students come to enquire about courses.
You'll see alot of property owners there promoting their unit to these students and you can gather alot of feedback what these students are looking for, their budget and preference.
From here you get a feel what is the student market like.

Boss, just sharing with you my views.
Feel free to just ignore me if it is nonsense....ya
I go back to washing toilets, took too long break ....jor smile.gif

thx2012
post Jul 2 2024, 05:41 PM

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QUOTE(Grimoire @ Jul 2 2024, 10:51 AM)
cant. even those unsold in serasi cant be sold to 2nd home buyer even the status is "tawaran terbuka". just the income restriction is increased a bit. if still unsold, will be changed to "tawaran terus", salary restriction will increase more. after that only become "tawaran bebas". then no restriction.

for hype, i think left unsold bumi quota pending release/loan. no chance to change to even "tawaran terbuka". when i asked 100+ units left, all non bumi quota is filled.
*
Oic, so that mean the left unit all is under bumi, then u try check with SA who is loan reject, then get the unit
thx2012
post Jul 2 2024, 06:22 PM

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QUOTE(Longshot @ Jul 2 2024, 11:25 AM)
Boss,
If work in KL, won't be renting in USJ7.
Nearer to KL also got places to rent like Bangsar South....mah
Just bcos it's next to a LRT station doesn't make it the number 1 die-die must rent place.
My point is, either pay a premium for the close proximity to lrt or save the money for other expenses like a car.
No right or wrong, just a matter which choice suit the targeted tenants, they have a choice.

Funny that SDP now include commercial building as that wasn't in the initial info when the plan was revealed.
Commercial building is a good choice as it complement the planned mall in the plan unless they scrap that too.
Read my earlier post on this development where i commented on its master plan.

Subang and Puchong don't rely on Sunway but each other complement one another.
Sunway facilities like medical, mall and theme park need the foot traffic from SJ, PJ and Puchong in order for it to survive.
SJ is also known for its educational center where it attracts a lot of ppl to move over from PJ.
In short, SJ is an extension of PJ as you can see the migration pattern from KL to PJ to SJ to Puchong to KK and now branching out to Cyber, GC, Gamuda 257, Rimbayu, ES etc.
Please note this is just one migration path, there are several.

If you want to target student tenant, the market for student that can afford the asking rental price is rather limited.
Moreover its size and limited room doesn't allow for sharing of the cost between more than 1 student.
To make matters worse, you enter at a higher price point where others are entering at 250k yours is at least 33% higher.
The furnishing isn't going to make alot of different for students and even to furnish a 550sqf unit, it's unlikely to cost more than 40k and that will still be much lower than ur cost.
The point is, in the likely event of a price war, you are at a disadvantage as ur competitors has a lower breakeven point.
Your targeted tenant don't care much about view or walking extra 100m if it can save them an extra rm200 per month.
You can try to attend Sunway Open Day where alot of students come to enquire about courses.
You'll see alot of property owners there promoting their unit to these students and you can gather alot of feedback what these students are looking for, their budget and preference.
From here you get a feel what is the student market like.

Boss, just sharing with you my views.
Feel free to just ignore me if it is nonsense....ya
I go back to washing toilets, took too long break ....jor smile.gif
*
U dont have knowledge dont act have knowledge la, do u know SAMM unit cant be anyhow sales. Of course they are cheaper but that not everyone can get la bro.

2nd u also know SJ is education center, do u know more favourite uni is come from Sunway. Mostly the uni is from Sunway la, those people rental either at Sunway either at USJ 1 for student.

I stay USJ 1 almost 10 years, i very familiar this SJ la, u said SJ and Puchong not rely on Sunway, i tell u la, those stay Puchong and SJ go shopping, go medical will only go Sunway, Sunway land is limited that why SJ and Puchong property is hot and many people grab, u go to Puchong see only near IOI and Bandar puteri quite develop, inside Puchong where got develop. For SJ also mostly SS15, 16 and USJ 1 develope, other than that also not that develop la.

The 4 big uni, Sunway, taylor, Monash , Inti, already 3 unit at Sunway, only Inti at SS 15.

I did not said will aim for working adult, i also know if working adult work in KL they would not choose stay SJ, but for target Student or who are familiar SJ and dont want leave SJ they are the Target tenant.

Conclusion if play rental of course u condo very very close lrt is most easy rent out and high rental, of course the condo facilities also must look Classic and Atas, then able to rent with good price la.

This post has been edited by thx2012: Jul 3 2024, 01:17 AM
Grimoire
post Jul 2 2024, 06:52 PM

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QUOTE(thx2012 @ Jul 2 2024, 06:22 PM)
U dont have knowledge dont act have knowledge la, do u know SAMM unit cant be rent and sales. Of course they are cheaper but their unit is only for own stay la bro.

2nd u also know SJ is education center, do u know more favourite uni is come from Sunway. Mostly the uni is from Sunway la, those people rental either at Sunway either at USJ 1 for student.

I stay USJ 1 almost 10 years, i very familiar this SJ la, u said SJ and Puchong not rely on Sunway, i tell u la, those stay Puchong and SJ go shopping, go medical will only go Sunway, Sunway land is limited that why SJ and Puchong property is hot and many people grab, u go to Puchong see only near IOI and Bandar puteri quite develop, inside Puchong where got develop. For SJ also mostly SS15, 16 and USJ 1 develope, other than that also not that develop la.

The 4 big uni, Sunway, taylor, Monash , Inti, already 3 unit at Sunway, only Inti at SS 15.

I did not said will aim for working adult, i also know if working adult work in KL they would not choose stay SJ, but for target Student or who are familiar SJ and dont want leave SJ they are the Target tenant.

Conclusion if play rental of course u condo very very close lrt is most easy rent out and high rental, of course the condo facilities also must look Classic and Atas, then able to rent with good price la.
*
actually samm units can be rented out. u can call lphs to clarify. there's no clause clearly stating samm cannot be rented out. dont get confused between samm and selangorku. samm is commercial status. different with rsku which is residential status.

IF really got restriction, only for 5 years after signing SPA. hype is targeted to complete in 4 years (2028). those who sign now only left 1 year before the restriction is lifted.

i just checked after i typed, now selangorku house also can be rented out. the specific clause stating that it cant be rented out has been eradicated from the "syarat permohonan".

can refer attached photos.

OLD
Attached Image

LATEST RSKU
Attached Image

SAMM
Attached Image

thx2012
post Jul 2 2024, 09:07 PM

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QUOTE(Grimoire @ Jul 2 2024, 06:52 PM)
actually samm units can be rented out. u can call lphs to clarify. there's no clause clearly stating samm cannot be rented out. dont get confused between samm and selangorku. samm is commercial status. different with rsku which is residential status.

IF really got restriction, only for 5 years after signing SPA. hype is targeted to complete in 4 years (2028). those who sign now only left 1 year before the restriction is lifted.

i just checked after i typed, now selangorku house also can be rented out. the specific clause stating that it cant be rented out has been eradicated from the "syarat permohonan".

can refer attached photos.

OLD
Attached Image

LATEST RSKU
Attached Image

SAMM
Attached Image
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is not everyone entitle the SAMM unit especially the investor, even the SAMM unit they renting out but in USJ demand is strong and i dont think SAMM unit buyer will rent cheaper than market even their installment is low, but for sell after 5 years. the selling process need to get approval from LPHS cant anyhow selling to someone else. please refer below link

https://spkpm.lphs.gov.my/conditions

But Mostly SAMM unit is reserve to Malay, only few quota for non-bumi, want to get it not that easy. somemore the salary also cant over 14k, now in KL Management Level sure over RM 14k salary la...

This post has been edited by thx2012: Jul 2 2024, 10:01 PM
Grimoire
post Jul 2 2024, 11:30 PM

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QUOTE(thx2012 @ Jul 2 2024, 09:07 PM)
is not everyone entitle the SAMM unit especially the investor, even the SAMM unit they renting out but in USJ demand is strong and i dont think SAMM unit buyer will rent cheaper than market even their installment is low, but for sell after 5 years. the selling process need to get approval from LPHS cant anyhow selling to someone else. please refer below link

https://spkpm.lphs.gov.my/conditions

But Mostly SAMM unit is reserve to Malay, only few quota for non-bumi, want to get it not that easy. somemore the salary also cant over 14k, now in KL Management Level sure over RM 14k salary la...
*
Yes for samm you are restricted from selling to anyone. Only first home buyers. But first home buyers will never not exist. This small house will be the easiest to dispose off as your entry price already very low. And samm doesn't have bumi lot. Only bumi quota which is only 40% (if i remember it right). Don't confuse bumi lot and quota. Bumi quota after u bought can sell to anyone. Bumi lot die2 needs bumi to buy.

This post has been edited by Grimoire: Jul 2 2024, 11:55 PM
Grimoire
post Jul 2 2024, 11:46 PM

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QUOTE(thx2012 @ Jul 2 2024, 09:07 PM)
But Mostly SAMM unit is reserve to Malay, only few quota for non-bumi, want to get it not that easy. somemore the salary also cant over 14k, now in KL Management Level sure over RM 14k salary la...
*
One more thing, if you read properly, it clearly stated there that if the selling price is above 300k, no more salary restriction. Anyone who is a first home buyer can buy. Even if u earn 1m per month

This post has been edited by Grimoire: Jul 2 2024, 11:48 PM
thx2012
post Jul 3 2024, 01:21 AM

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QUOTE(Grimoire @ Jul 2 2024, 11:30 PM)
Yes for samm you are restricted from selling to anyone. Only first home buyers. But first home buyers will never not exist. This small house will be the easiest to dispose off as your entry price already very low. And samm doesn't have bumi lot. Only bumi quota which is only 40% (if i remember it right). Don't confuse bumi lot and quota. Bumi quota after u bought can sell to anyone. Bumi lot die2 needs bumi to buy.
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the bumi quota i hear is 60% from sd staff, not 40%. so samm most malay taken.

this project samm very hard to get, i have call lphs before, they said waiting list is very long, the chance to get is slim, dont put hope
Longshot
post Jul 3 2024, 06:41 AM

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QUOTE(thx2012 @ Jul 2 2024, 06:22 PM)
U dont have knowledge dont act have knowledge la, do u know SAMM unit cant be anyhow sales. Of course they are cheaper but that not everyone can get la bro.

2nd u also know SJ is education center, do u know more favourite uni is come from Sunway. Mostly the uni is from Sunway la, those people rental either at Sunway either at USJ 1 for student.

I stay USJ 1 almost 10 years, i very familiar this SJ la, u said SJ and Puchong not rely on Sunway, i tell u la, those stay Puchong and SJ go shopping, go medical will only go Sunway, Sunway land is limited that why SJ and Puchong property is hot and many people grab, u go to Puchong see only near IOI and Bandar puteri quite develop, inside Puchong where got develop. For SJ also mostly SS15, 16 and USJ 1 develope, other than that also not that develop la.

The 4 big uni, Sunway, taylor, Monash , Inti, already 3 unit at Sunway, only Inti at SS 15.

I did not said will aim for working adult, i also know if working adult work in KL they would not choose stay SJ, but for target Student or who are familiar SJ and dont want leave SJ they are the Target tenant.

Conclusion if play rental of course u condo very very close lrt is most easy rent out and high rental, of course the condo facilities also must look Classic and Atas, then able to rent with good price la.
*
Aiyo.... Need to reply until like this....
It's okay, thanks for sharing what u know...
I don't have much knowledge, i just a toilets cleaner...

Didn't know I been staying in undeveloped part of Subang Jaya for the last 2 decades....


Aaron212
post Jul 3 2024, 08:07 AM

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QUOTE(thx2012 @ Jul 2 2024, 02:22 PM)
U dont have knowledge dont act have knowledge la, do u know SAMM unit cant be anyhow sales. Of course they are cheaper but that not everyone can get la bro.

2nd u also know SJ is education center, do u know more favourite uni is come from Sunway. Mostly the uni is from Sunway la, those people rental either at Sunway either at USJ 1 for student.

I stay USJ 1 almost 10 years, i very familiar this SJ la, u said SJ and Puchong not rely on Sunway, i tell u la, those stay Puchong and SJ go shopping, go medical will only go Sunway, Sunway land is limited that why SJ and Puchong property is hot and many people grab, u go to Puchong see only near IOI and Bandar puteri quite develop, inside Puchong where got develop. For SJ also mostly SS15, 16 and USJ 1 develope, other than that also not that develop la.

The 4 big uni, Sunway, taylor, Monash , Inti, already 3 unit at Sunway, only Inti at SS 15.

I did not said will aim for working adult, i also know if working adult work in KL they would not choose stay SJ, but for target Student or who are familiar SJ and dont want leave SJ they are the Target tenant.

Conclusion if play rental of course u condo very very close lrt is most easy rent out and high rental, of course the condo facilities also must look Classic and Atas, then able to rent with good price la.
*
sunway pyraid is so 2013

subang lang dont go sunway already la
thx2012
post Jul 3 2024, 12:54 PM

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QUOTE(Longshot @ Jul 3 2024, 06:41 AM)
Aiyo.... Need to reply until like this....
It's okay, thanks for sharing what u know...
I don't have much knowledge, i just a toilets cleaner...

Didn't know I been staying in undeveloped part of Subang Jaya for the last 2 decades....
*
Lol, can see that.

Already told u while subang if investment mostly target is student market. Student not everyone will buy car, somemore now not only subang, everywhere in KL is jam and hard to find parking, so currently my tenant also prefer those walking distant with safe to lrt and mrt.

But most student will prefer walking distant within 5 minute can reach. Why i said hype can buy because it is really close lrt. If u buy You one (USJ one) or Da Men their rental not good compare with Skyloft. Because Skyloft got walkway link to Brt.

Not every student can afford stay in Sunway, still got a lot poor student and normal financial student they will prefer stay USJ and SS 15/16.

After this project the last piece of land is very close to BRT is beside the Skyloft condo which will launch next year Q2, that project i believe will also selling like hot cake. Need to grab
thx2012
post Jul 3 2024, 12:58 PM

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QUOTE(Aaron212 @ Jul 3 2024, 08:07 AM)
sunway pyraid is so 2013

subang lang dont go sunway already la
*
Subang lang not go sunway, also go Bangsar , One U , bukit Jalil.

Subang is small residential area. Want yum cha most people prefer go Puchong opposite IoI shop lot or go PJ Uptown, want go shopping mall will prefer go Mid valley , Sunway pyramid. Want go garden will go Bukit Jalil garden, want go hospital the nearst is Sunway medical, want go school also nearest is Sunway or SS15 Inti uni.

So u said subang lang not go Sunway,i already breakdown the detail where they go.
Longshot
post Jul 3 2024, 01:25 PM

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QUOTE(thx2012 @ Jul 3 2024, 12:54 PM)
Lol, can see that.

Already told u while subang if investment mostly target is student market. Student not everyone will buy car, somemore now not only subang, everywhere in KL is jam and hard to find parking, so currently my tenant also prefer those walking distant with safe to lrt and mrt.

But most student will prefer walking distant within 5 minute can reach. Why i said hype can buy because it is really close lrt. If u buy You one (USJ one) or Da Men their rental not good compare with Skyloft. Because Skyloft got walkway link to Brt.

Not every student can afford stay in Sunway, still got a lot poor student and normal financial student they will prefer stay USJ and SS 15/16.

After this project the last piece of land is very close to BRT is beside the Skyloft condo which will launch next year Q2, that project i believe will also selling like hot cake. Need to grab
*
Boss,
You go all in.
Sai lang... Don't leave anything behind ...ya
Please buy at high-high price...
We need you to buy as many as possible to sapu all the units..kamsiah
Don't leave anything for the rest of us.
I wish you the best.

But those things you say are not for me...
I keep my toilets cleaner job, my landed properties in not so develop part of Subang Jaya and watch from the side line...
After VP, don't forget to come back and show us ur superb return...


All the best....
You are number 1, staying in USJ 1...

This post has been edited by Longshot: Jul 3 2024, 01:46 PM
TSIronManz
post Jul 3 2024, 05:44 PM

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QUOTE(thx2012 @ Jul 1 2024, 10:27 AM)
But only hype is very closed walking distant 100m to lrt, i think he need public transport.

*
The master plan indicates that there will be raised up walkways among the blocks so I guess will have covered walkway to BRT/LRT irrespective of which future block
Gorila_
post Jul 4 2024, 12:00 AM

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QUOTE(Longshot @ Jul 1 2024, 09:31 AM)
The entire USJ7 development has another 6 to 7 blocks to launch, so if you miss Hype, can wait for the next launch. Since you aiming for SAMM units, the price is likely to be fixed the same unless the Govt revised it.

Unless you urgently a place, no need to rush by buying something at a compromise location just for the sake of buying.

You buying property, not buying vege.

Do your homework more and be better prepare.
He who runs, live to fight another day
*
Boss, sometimes I feel like buying property is akin to buying vege.
thx2012
post Jul 4 2024, 12:29 AM

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QUOTE(Longshot @ Jul 3 2024, 01:25 PM)
Boss,
You go all in.
Sai lang... Don't leave anything behind ...ya
Please buy at high-high price...
We need you to buy as many as possible to sapu all the units..kamsiah
Don't leave anything for the rest of us.
I wish you the best.

But those things you say are not for me...
I keep my toilets cleaner job, my landed properties in not so develop part of Subang Jaya and watch from the side line...
After VP, don't forget to come back and show us ur superb return...
All the best....
You are number 1, staying in USJ 1...
*
Lol, my financial very strong, somemore i ppty all are very near BRT or LRT, this is my 3rd, that why buy cheaper a bit.

my unit all rental can over Installment, those cant over installment unit i would not buy 1.

i am not number 1, just u talk non-sense, 700 per sqft for nearst LRT u also feel expensive, then u should go for Lelong unit or Rumah Wip unit...

20 year ago Wan Ton noodles RM 3 dollar, now u want use RM 3 dollar buy Wan Ton Noodles? Dreaming
thx2012
post Jul 4 2024, 12:30 AM

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QUOTE(IronManz @ Jul 3 2024, 05:44 PM)
The master plan indicates that there will be raised up walkways among the blocks so I guess will have covered walkway to BRT/LRT irrespective of which future block
*
U mean the Sky Walkway link with entire Master Plan? that 1 SA told me not confirm yet...
Longshot
post Jul 4 2024, 08:21 AM

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QUOTE(Gorila_ @ Jul 4 2024, 12:00 AM)
Boss, sometimes I feel like buying property is akin to buying vege.
*
Yes, like the fella above smile.gif

Boss,
Only buy after doing your own DD and exit plan.
Never believe 100% what SA or guru say.
Unless you looking for a 1 way ticket to holland...



TSIronManz
post Jul 4 2024, 09:13 AM

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QUOTE(thx2012 @ Jul 4 2024, 12:30 AM)
U mean the Sky Walkway link with entire Master Plan? that 1 SA told me not confirm yet...
*
Then all buyers should pressure them to keep that plan, will really be convenient

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