was it opened for booking now? or just the scaled model with bit of info at SCJJ sales galley only?

went to the showroom last weekend and they have the 700 sf demo unit (type A). overall design is practical but the letdown is the indicative price. Notes: It's is INDICATIVE. 850-860 psf is VERY HIGH asking price for this area. Even the transportation is nearby.

unless SDP can maintain the 'quality of life' with exciting shoplot, office or apartment, it will be another crowded small community only. take notes that SDP have another empty land nearby; near the sale gallery office now.

Type A - smallest unit of Hype gameplay is aiming for student or young adults. but with RM3000++ monthly installment, can we command such high rental for 2 rooms (type A)? That's more than that those at Sunway South Quay (around 1K per room). Hence, the initial asking price for Hype plays a major consideration point here. Even though larger type (e.g B and C) might ask for lower indicative 810 psf pricing, it's still a VERY HIGH pricing. Parking slot as follows. A = 1, B = 1 by default (can pay more to get another slot), C = 2. Fully furnish vs partially option is available with different pricing.

BTW, maint. fee is 38 cent psf. It's a commercial freehold title.
Flyover will be completed within 2 years; the Hype unit will be ready within 4 years with its guard house facing Mydin. For the entrance to flyover (one way direction towards Summit), there will be two. One near Mydin, and another one near the existing traffic light to serve Hype unit.

Hype's launch date is not confirmed yet but SDP accept early registration. PRIME members are accepted too. What you see now in sale gallery is Wing A/B. Wing C/D comes later with SAMM unit. And SHELL petrol station remains there, SDP is saying it's within the approved distance away. No masterplan available yet. Hence, it could be office or hotel. But for sure, apartment and shoplot will be there.

Location and surrounding facilities are good. but can the 850-860 psf price tag justify it? that's the main question. If they offer many discount at the initial launch to lower the psf pricing, then might able to consider.

This post has been edited by lelynx: Sep 25 2023, 03:47 PM

i was stopping at the junction in front of Damen today. honestly with my limited knowledge of building architecture, i do not think they can squeeze in the flyover. as the BRT and LRT tracks are at least 2-3 floors in height.
I cannot imagine how this flyover will pass over the top of the tracks and connect to kewajipan.
anyhow, with or without the flyover, it's not a determining factor (for me at least) as the existing road are still there. even though it's congested in any direction

between Hype and Damen, there is a small plot of land (in which the old condo was demolished last time).
any idea what's the future usage for this?

Since I've placed the booking while waiting for the final pricing before making the final decision, I've done some surveying around the rental market at the surrounding areas.

And I try to compare those 'so-called high end project' as that's the better comparison with Hype. I didn't compare with those shoddy one. Few of the same prime projects which I've found so far. Feel free to add-on if I've missed anything. As I'm trying to gauge the rental yield here

1) Those with close distance with Sunway/Monash U (e.g. Sun-U, South Quay, Sunway Qeo, Unions and etc). Average around 1k-1.5k per room
2) USJ One Residence (nearby Mydin). Around 1K too per room. Wondering why this project can command such high rental, anyone?
3) I didn't include Damen resident or Edumetro as I think the 'class' is not the same. Lifestyle concept is not strong for both these two

This post has been edited by lelynx: Sep 27 2023, 10:21 AM

Serasi is under wifey; standalone
For Hype, it's waiting game for me to get the final launching price; as the current indicative psf is just TOO HIGH
Even though SDP will offer those earlybird % discount but it's already marked up
nowadays, most of those prime condo projects cannot have rental to cover monthly installment... sigh
Damen is lacking the 'feel' of well maintained condo services. but it's a good reference for rental market for student/young adults. as it's the same gameplay for Hype

This post has been edited by lelynx: Sep 27 2023, 07:08 PM

yup, i only use those within walking distance to schools as reference to the higher rental yield, BRT vs Walking distance.
that's why my main comparison so far is Damen and USJ One residence. What puzzles me is USJ One residence which is demanding RM1K per room. Nothing 'hype' there except the Int. School. As it's a distance away to LRT station with standalone condo design only.
At least SDP Hype will have future shoplot there. If they can do something as SS15 Courtyard with small neighborhood mall, then it might drive the value
I think I will find time to have "lawatan sambil belajar' for the student's appetite. Are they willing to take BRT and pay a cheaper rental. Provided SDP lower this psf pricing of Hype
For the target of working adults, it's a tough competition as there are many existing projects with LRT station nearby. Why choose Hype over them? E.g. Serasi, this will outshine Hype for working adults whom prefer to use LRT to work in term of pricing

This post has been edited by lelynx: Sep 27 2023, 11:57 PM

Not SAMM unit. Normal 2 room type.

It's -20k to 25K only for the partial furnish. It's still a high asking price if they set it at 850psf for Hype. Hence the waiting game now

got some updated news on the flyover
- they will demolish the pedestrian bridge to make way
- it will be between the BRT and LRT track
- Construction will start soon; lasts for 2 years

This post has been edited by lelynx: Oct 4 2023, 06:51 PM

the one connecting Damen and Shell. As that's the part which block the flyover from mydin towards kewajipan

aligned. even after the discount of earlybird and etc, with the -20K/25K on the furnishing option, it still translate to 750++ psf
not forgetting the 38 cent maint. fee
SDP is asking for prime price for a not-so-prime area. even they have potential within SJ if they can plan out the masterplan and attract folks
but can they? that;s the question

for me personally, asking price (even after all sorts of discount and etc), it's still high for this type of development. Hence, I've retracted my early booking.

- it's not so near to Uni/School. still need to take BRT and not walking distance
- too many similar mixed development and plenty of big shopping mall and neighborhood mall nearby. what can Hype bring differently to attract tenant there
- true, it's near LRT but that's not the prime area. the crowd whom commute with LRT normally stays at PJ or somewhere nearby KL city. Not USJ. You will know if you commute daily with this route

This post has been edited by lelynx: Oct 27 2023, 07:32 PM

all new projects are snapped up quickly. that's normal. if it's for own stay, then no issue.

but if it's rental market, future sustainability will be the main buying factor. as I'm aiming for rental, i give this project a pass due to high asking price. cannot get good rental yield, imho

for those which cannot sustain later, lelong market will benefit from this