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 PSV2 Residences, is it a good buy?

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TSlzSam
post May 30 2025, 01:24 AM, updated 6 months ago

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As per the title, can't find any info in the forum so decide to ask for advice. It is a project by Platinum Victory (PV), main con is Binastra.

Planning to buy for own stay, currently renting at Trion2 for RM2.3k monthly.

Priced at RM590k for 1313sqft, so RM450 psf. Maintenance + sinking fund is RM0.35 psf. Expected completion is late 2027 to mid 2028.


Located 7 mins walk away from TBS, facing the MRR2.

user posted image


Only worried about the surrounding as I'm not familiar with the area, I surveyed a little, PSV2 is opposite PSV1, right next to it got SASAR, and across the highway got PPR. I think accessibility is okay, can access most of the major shopping malls and spots within 15-20mins.

Would the area and surrounding affordable projects impact the house value in the near future? Considering this in case I want to sell and move to a different area after 5 years.


Thank you in advance.


msacras
post May 30 2025, 01:41 AM

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I regularly passing the area.

And I'll say I'm not a big fans of the location other than close proximity to TBS.

Before PSV etc is build, around the area already plenty of PPR etc, so the whole area will become very dense when everything get into actions.

Meanwhile, I don't foresee any improvement to the traffic, particularly the MRR2 stretch outside the development. It had been a long term bottleneck since forever.

This post has been edited by msacras: May 30 2025, 01:43 AM
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post May 30 2025, 02:03 AM

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Any residence near MRR2 straight road will have midnight loud exhaust noise (PV2 and PV6 as examples).
Ask yourself if you can handle that.
Also 1500 total units, quite high density. Lift problem confirmed later.

Rudd San
post May 30 2025, 05:56 AM

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I have lived in Bandar Tasik Selatan for the past 20 years.
Below are my personal pros and cons:

Pros:
Excellent access to MRR2, North-South Highway, and SUKE.

Well-connected public transport: TBS, LRT, ERL, Komuter, and MRT (Sg Besi).

Walking distance to SRK, SMK, and the mosque.

About 5 minutes drive to Lakefields and Pekan Sungai Besi.

Cons:
High rental competition due to surrounding developments:

i. Under construction: PSV 1 & 2, and SASAR.

ii. Existing: Tasik Height Apartments, PPR, and Desa Tun Razak (military quarters).

Heavy traffic congestion, especially at the traffic light at Medan Selera:

i. On weekday mornings & afternoon due to school buses and parents dropping off & pickup children.

ii. The above developments Shared access to MRR2 (although there's an alternative route in front of Shell, it’s slightly farther).

iii. Cars & Bus Persiaran parked along the road.

My Suggestions:
Book an Airbnb in the area during school days to evaluate traffic flow and nearby amenities.

If you decide to purchase a unit, AVOID unit those facing MRR2 & SUKE, as traffic noise can be quite loud.
SUSSyok Your Mom
post May 30 2025, 06:57 AM

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Is the developer reputation okay ?
nexona88
post May 30 2025, 10:43 AM

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Well connected location πŸ‘

BUT high density area... With PPR around... So you can imagine the "quality" of people around your area..
TSlzSam
post May 30 2025, 11:50 AM

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Thank you all for the pros and cons smile.gif


1. I'm currently staying in a 300-units condo with 4 lifts, so moving to a 750 units with 6 lifts is a downgrade but not really significant?

2. The unit that I looked at is facing MRR2 because I wanted the KL view, but at the opposite end so not next to SASAR, the developer showed us the "soundproof" windows and sliding doors so if we don't open them then noise should be ok? I'm having this same issue with Trion2, also built by Binastra so I expect the soundproof quality to be ok

3. The traffic congestion, well usually I take the LRT to work, only drive on weekends or if I have appointments, but I tend to drive outside of rush hour, so hopefully this helps, but I'll survey the area to make sure

4. Developer and main con reputation, I'm not sure, ok ish? I've only stayed in KL for 8 months now I don't know most of them haha


5. My only major concern is the surrounding area, PPR, SASAR, high density, "quality" of people around me. Stagnant or decline in property value since there's high supply in the area. But I believe my entry price of RM450 psf is quite low? I've also managed to have my loan approved at 3.8%
cruel_boy86
post Jun 25 2025, 03:30 PM

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QUOTE(lzSam @ May 30 2025, 11:50 AM)
Thank you all for the pros and cons smile.gif
1. I'm currently staying in a 300-units condo with 4 lifts, so moving to a 750 units with 6 lifts is a downgrade but not really significant?

2. The unit that I looked at is facing MRR2 because I wanted the KL view, but at the opposite end so not next to SASAR, the developer showed us the "soundproof" windows and sliding doors so if we don't open them then noise should be ok? I'm having this same issue with Trion2, also built by Binastra so I expect the soundproof quality to be ok

3. The traffic congestion, well usually I take the LRT to work, only drive on weekends or if I have appointments, but I tend to drive outside of rush hour, so hopefully this helps, but I'll survey the area to make sure

4. Developer and main con reputation, I'm not sure, ok ish? I've only stayed in KL for 8 months now I don't know most of them haha
5. My only major concern is the surrounding area, PPR, SASAR, high density, "quality" of people around me. Stagnant or decline in property value since there's high supply in the area. But I believe my entry price of RM450 psf is quite low? I've also managed to have my loan approved at 3.8%
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hi. care to provide details of your unit? type, floor, facing which view... plus parking level. am too considering top floor type B facing KL.
kam1
post Yesterday, 08:30 AM

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QUOTE(cruel_boy86 @ Jun 25 2025, 03:30 PM)
hi. care to provide details of your unit? type, floor, facing which view... plus parking level. am too considering top floor type B facing KL.
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I am just booking PSV2 block W Type B facing facilities/pool.
Consider good for investmest because near to TBS and location just beside MRR2.

 

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