TROPIC Service Apartment Near SS2

shopping mall is just on your door step
Location : Near damansara utama , Taman Tun , Pj SS 2

625 sqft 2 Rooms 2 bath = RM 2xx,xxx What Do u Think ? Worth to buy ?

http://www.dijaya.com.my/project/future/trocity.html















This post has been edited by samngcheesan: Nov 18 2011, 04:09 PM

Own stay or investment?

1 - if own stay , my wife & son ?
2 - if invest , my office pj ss2 , my house subang2 ?

wow..625? to me its really too small ler..summore at that price......
but location wise..ok i guess

hi TS, what's the exact price and which floor?

actually is 190k but 1floor +500 so mine is top 29floor + add another parking 15,000 so will be 229000++

@samngcheesan,

1. Think a studio is a bit too small for your wife n kid

2. If you are buying this for investment, what does it got to do with u working in ss2 or stanying in subang2?

how many units left by the way? is there a need to take the highest floor?

frankly it is more suitable for bachelors, couples or newly weds, with kid(s), better off investing in a bigger prop for own stay...

investment wise i guess it's ok?

Pai/mIssfROGY any views? or recommendations on similar locations?

hmmmm

btw..this is service apartment, gotto pay more for facilities and utilities. I think for own stay not so advisable to be paying so much for facilities and utilities. Issit freehold? If u r really going to be staying with your wife and kid, 625 is really too small unless u r staying alone. Summore this is not an expat area.....local will not rent your place at such a high price to cover your bank loan if u r thinking of investment because they would rather buy...but i might be wrong.

I THINK all sold out
i was thinking this place so near my office that's is why i bought here,i think im not invest it but if some one offer me a very good price then i will sell it.

Sam,

Think u'll need to wait very long before u can sell it off at anything above 250k (which actually just barely break even).

I cant really recommend anyting else until I know what is your investment goals are and your risk appetite. Good luck

not worth buying lar..

ur utility bills will be calculated as commercial rate due to the service apartment is built on commercial land...

so..calculate urself..

BUT they said our service apartment paying utility bills not commercial rate ...

first rule of thumb in getting property: NEVER EVER believe in verbal promises/assurance by developer and their people. Much better to have a formal signed agreement regarding whatever they offer you.

so in s&p got stated or not ?

if all sold out how you going to buy? second hand?

S&P won't have all utility charges, quit rents and assessments... better to check with the land office or local town council...

i bought already....

bought already only ask worth to buy?

anyway, did you get any discounts or freebies?

you bought a little late, your entry price is above RM366psf... on the high side... you'll have to keep it for a few years if you're planning to flip, else you won't make much... might even loose considering legal fees, etc...

229k with 2 car park and on high floor, is consider cheap and eye catching price, but this only apply to 229k....
when do sqf calculation, it is 342.4 per square feet, which is VERY EXPENSIVE.

To me, i will consider it a bit over price which take the place into consideration, plus is a bit congested there.

from my point of view, a condo should be above 1000 sqf. you might find it hard to resell later on, due to the SIZE ISSUE, cause normally, condo with the price are purchased by young family with kids. this, really will have to put into consideration.

229k with this kinda size, i believe is a stratergy by the developer to lure buyer and it is in PJ area

well, up to u actually, since u HAD BOUGHT IT, DONT ASK TOO MUCH OPINIONS, CLOSE THE CASE AND GIVE IT A GO FOR FEW YEARS AND DONT EXPECT THE PRICE APPRECIATION WILL BE FAST FOR THE CURRENT UNSTABLE MARKET SITUATION AND OVER-BUILT PROPERTIES IN KLANG VALLEY.

tpl66,

thanks for the calculation clarifications, i summed in the carpark as well

but FYI, studio apartments and condos are entirely different concept and different target market, its like comparing apple and an orange...

yes indeed, studio apartments mostly cater to single adults, young couples, or investors. but for a couple with kid, i'd say you'll need to find another place in another few years (depending on the age of your kid).

tropics, if i've not mistaken, has shopping mall or something like that at the lower levels, and as of my personal opinion, the original intention of the developer to build a serviced apartment in such an area is to entice investors who intend to rent them out, considering that it's pretty near the shopping malls along ldp and the business centres around there.

i doubt at the price, you'll be able to consider it as 'investment' by selling it after staying a few years, because from the basic details given you've already purchased at an appreciated price.

if you ask me, after staying there for a few years, get another property with bigger space for your family, and try to rent out this unit so that the future tenant helps you to pay your montly loan installment. that'll be a better option. at least that's what i think. there're plenty more options of there you can venture into, but that will need more research from your part...

Adoi.............


how does one even compare a condo and a services studio is really beyond me..........

if im not mistaken studio is no room one....
the one i bought got 2 rooms 2 bath

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Added on April 3, 2008, 2:20 pmstill consider studio kah ??? correct me if i am wrong

This post has been edited by samngcheesan: Apr 3 2008, 02:20 PM

the one you bought, according to the website is a 1+1R, 2BR...

there are many different styles in studios, Mayfair/Dorchester in Hartamas and Ritz Perdana in Damansara Perdana are even smaller, not sure how many rooms or maybe there aren't any

so that means the one i bought is consider studio ?

my apologies, i was typing too fast and forgot to run through my previous post before adding in.

i meant to say 'serviced apartment', not studio apartment, hahaha...

anyway, when tropics was launched a couple of years ago, the price was 180k after rebate for your unit type. or course that must be the cheaper unit at lower levels. the average price per sq ft back then was RM320. so do the math on its possible appreciation in the future.

but since you've bought for own stay for now, i guess that's it, no point arguing further whether it's worth it or not.


This post has been edited by livingmonolith: Apr 3 2008, 04:09 PM

im not arguing
im just asking ur opinion
and i was telling my friend that im bought the 625sqft apartment in ss2 for 2xxk,they all !@#$%^&*() me !!!

well, if you ask me i'd say the same too, hahaha...

but anyway, the most important is your decision and how you feel about it.

if you think the unit is really worth it, then i'll say it's worth it, because everyone has a different opinion and way of thinking, and there's not one development which can suit everyone's preferences.

i still remember reading somewhere in another forum, no matter how bad you think a certain property is, there'll always be others who're willing to buy it. it's because they see things that you don't see. i guess we can't tell you that it's not worth it, because we're not seeing the unit the way you see it.

since you've bought it, i hope i'm the first to congratulate for having your first home...

samngcheesan, it doesnt matter, it is a high cost aprtment, condo, studio flat, service apartment, low cost apartment, no matter what it called, it just a building that had more than 100 units there and share a piece of land.

i owned a condo in kota damansara, bought it for investment purpose. to me, i dont really fancy staying in a condo, cause too much hassles, imagine, u have to move your shopping all the way up to 12th floor and paying up about 750 every quarter for the SILLY mantainance fees which i still need to pay ASSESMENT FEES of about 800 a year.

so, no matter what, u should be proud of u cause u use ur hard earned money to buy the property, which is a great thing. forget the appreciation few years later, as long as u are happy staying in the house...kudos.keep it ip and perhaps invite us ( THOSE ACTIVE FORUMERS IN YOUR THREAD ) to uour house warming, and i will bring u a nice bottle of Chardonnay.......but, make sure u get a nice catering buffet service first.

ok, i am out of office now. remember, house warming, dont forget to invite us.

Thanks

This post has been edited by tpl66: Apr 3 2008, 06:23 PM

house warming not a problem but 625 sqft i afraid become like pasar malam like that,catering beside swiming pool side can or not ?

during the early launch the unit cost only Rm170k++ with Rm10k discount.

the location there is congested and the diversion of the road is bad.

the front view and back view can see the graveyard. Bad fengshui. no doubt the is a shopping mall there but when the mall is open there will be heavy road congestion due to nearby apartment like ken etc.

the unit parking lot is very far from yr unit as usual with diffrent layers of parking segregated from the mall parking.

Think anyone who went into Tropics at less than 200k can be rest assured that there would be some minimal cap gains and positive cashflow of rental, irregardless of the feng-shui situation

anyone here in LYN bought Tropic also???

Some updates on Tropics :

1. Mall now more than 70% occupied by tenants and turning out nicely. GSC has started operations last month, and business looks good. Cant even see Transformers as it was fully booked from noon to midnite last saturday. Saw some expatss as well last Sat.

2. Dijaya has increased Tropics pricing several rounds now and units are moving fast(suspect GSC is big pull) . Cheapest unit now (facing Damansara Jaya, west) is going for +-280k with 8k rebate discount. Its now >95% sold out.

3. Glomac's new serviced apartment right opposite of Tropicana City is touted to be selling at starting price of RM600psf. Could be positive news for Tropics owner especially those who manage to get one at just over RM300psf.

i able to get the parking after 15mins rounding during the transformer show

Hmm.. for own stay and young children, I dun think it work. I suggest you furnish it nicely and hopefully there's an expat around who willing to rent it

btw, heard from someone there will be proposed new LRT interchange near Damansara Intan.

Anyone else heard the same?

never heard that lah , if is does , wow .... the property there will reach skyhigh i think...

http://www.realestate.net.my/forum/archive...p-1020_2775.htm

http://thestar.com.my/news/story.asp?file=...8681&sec=nation

i think the LRT station will be around there after few year

just an update, as of Sunday, there's only 1 675sqf unit left for sale in Tropics, and price is 341k.

Didnt know studio's in PJ can cost so much, this is maybe due to Glomac Damansara's effect

wah, go up so much already

that one is type B if im not mistaken .
i wonder how much it cost 1st launch ?

for the type A , 625 sqf cost how much now ?

estimate how much will be the maintenance fees for your unit? also interested in the current market price.

www.iproperty.com.my

hehehe, would consider selling mine if can get anything above 330k....

mind to tell which type & what floor ?

smallest type, 18th floor

mind telling us what was the original developer price?

there were several rounds of developer's price, and as of today there are approx 5 units left from developer going for above 370k, pool view.....

pai , 370k for 625sqft is it ?

Yup

that's sweet .... closed one eye already 100k in the pocket

tropics studio 625sqft initially launch were Rm180k less 10k discount mean rm170k only
wah now selling above rm370k sure fatt like that faster sell have reach max/limitup

This post has been edited by lowyat888: Jan 25 2010, 08:50 PM

selling at 370k, but got market n buyer onot?

got wan ..... wait n see loh ...

they recently claimed that Tropics will be completed in Q3 and its now at 85% completion

How long under construction since first launch bro?

Q3? I was told that by end of Q2 they should have completed. The longer they take, can collect more money

Q2? Doesnt look 4 months away to handover to me...

incredible! half a million asking price. congrates!

why lah so expensive wan...

anyone know how much is maintenance?

huh, got meh? Where lah?

http://forum.lowyat.net/index.php?showtopi...2618&hl=tropics

here.. i almost fainted looking at it..

wow..at rm800 psf it beats my imagination.

half a mil will be very2 tough............but just went to Tropicana mall y'day for family dinner. Mall is really turning up nicely........

There will be quite a number of ppl who will want to stay on top of this mall, and hopefully they have big pockets

But some say the outlook like nyonya kuih ...

dont worry, there will alot of people selling when its ready. it is a service apartment, wondering monthly service is expensive?

fishing for buyer

interest rate is going to rise more and by looks its very difficult to sell at a high price. more expensive than KLCC price.

eg 170k condo selling at RM300++ must be joking. small size

ken 3 even bigger size 1100++ square selling below 300k cost only rm240k++





This post has been edited by mlpk: Mar 15 2010, 07:38 PM

Dude.250k-350k is reasonable for 700 sq.ft studio...Dun expect fast money..and it not only 1 unit to sell there...we can see many investor going to sell soon..

service apartment normally electric and water, accessment etc is more expensive. monthly service charges also is on the high side.

whereas for the interest starting to go up , its difficult to sell whereas for buyer will be starting to serve the loan straight away.

even condo ken 1,2, 3 nearby condo also cheaper and place even bigger.

daily many advertisement on condo ameera nearby just completed, there is so many seller selling and renting at a high price condo buy at rm400k++ selling RM600++

This post has been edited by lowyat888: Mar 16 2010, 11:35 AM

wifey thinks the outlook is nice leh, but I felt CS color schemes is better

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Added on March 16, 2010, 12:50 pmfew last units in Tropics facing cemetary and west were sold at 330k end of last years

This post has been edited by Pai: Mar 16 2010, 12:50 PM

good profit RM150k++ profit. sell 1 free 1 condo.

must be very desperate. know a seller who have almost 20 lot, getting ready to sell to make good profit

for investment wise is totally out. rental wise will be low and non expatriate area.

own stay is on the high side with service apartment high utility rate, accessment, quit rent, monthly maintenance fees. minimum visiting from friend/relative due to lack parking and inconvienance

Frankly speaking feng shui wise is bad facing cementary (bad for the person staying and facing it) and road access is bad. allocation of parking lot will be far from the lift.

This post has been edited by lowyat888: Mar 16 2010, 03:54 PM

If I am not mistaken, it should be 0.20 cents per square feet for maintenance fee.

u r looking to parang a unit i presume?

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Added on March 16, 2010, 4:53 pmu r looking to parang a unit i presume?

This post has been edited by Pai: Mar 16 2010, 04:53 PM

my friend also looking to parang a lower floor but his budget 350k , can he get it ?

yes, he can get at 350k but I am not sure who parang who!

99% sure he can provided he grab his unit within 1 year after VP.....

Pai , Kindly please let me know , i got buyer here for willing to pay 360 , i mark up 10k .....
let me know detail please

This post has been edited by samngcheesan: Mar 18 2010, 09:23 AM

spoke to SA last week and apparently Dijaya will give keys in either June or july? This Tropics got CF already meh?

Doubt got CF already. Correct me if I am wrong but I think they can give keys upon VP. Not necessary need CF first.

huh , june can get the key liao ? so fast ....... wu who ..... no need to traffic jam liao

Guys,

Im exploring to engage an ID firm to do up my unit fully fitted. Am working strictly under a limited budget of maximum RM30k, and was told they could deliver under this small budget.

Anyone else keen to do a group buy on this? Email me at Aizucorp@gmail.com if you are keen? Cheers

count me in Pai , email me at ss2@121.com.my

This prop really gave me a big smile to me when I visited the GSC there last weekend..
I still remember 3 years ago when I went to the show room w other 2 friends there.. it was only 185++k..somemore dunno GSC will be a tenant there!
damn lot unit of choices available .. free air conds + 10k rebate..625 for studio and not a bad design as my friend told me that they manage to have one small room [study room/single bed room] for a studio...but some of my friends commented that it is expensive for studio and very jam at that area...
LOL...but now my friends told me that I am so lucky... LOL human is always human...
initially it is for my own stay..but now not sure anymore..the appreciation profit too tempting... and the rental yield is good too if managed to lease it out..

this is all i can say

I'm looking to buy a 625 sq ft unit..facing DU side..
Anyone here wana sell? hehe..

TROPICS Service Apartment for Sale but please hold your breath , don't shock after u see the price

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Added on September 4, 2010, 1:42 pmPai I'm here in tropics nearly 30 minutes already
Am I missed something here ?

This post has been edited by samngcheesan: Sep 4 2010, 01:42 PM

Selling mine at 360K nego...12th floor facing DU
call 012 6599382

good price u have there , DU is block A or B ?

If anyone has a 675sqft, PM me!

Check stars newspaper

the selling price is too expensive already for an empty/ kosong condo with that size. after renovation and fully furnish, the condo is very costly and rental wise is not justify and will not fetch good rental price and low

feng shui is not good and the feeling is weird when going into the condo. when the evening sunshine at the office block and behind the condo facing the office , very hot indeed, need a thick curtain to block off the sun. specially tailor made curtain.

how much is the monthly maintenance, sinking fund, fire insurance, acessment, cukai pintu etc? utilities bill is under commercial rate due to service apartment

how much is the rental price for fully furnish or non furnish?

market price is just a figurative amount/guideline provided , the seller sells it is another thing. talk of how much how much, just talking but cannot sell whats the point.

do encounter alot of agent talk alot of properties wanted and got buyer, but when the seller wants to sell , it takes them months or years even also cannot sell and then talk another thing/excuse. market price mah, and then lower selling price/feng shui no good/ alot other choices/unit to sell, better one etc. talking of not selling expensive price just market price and below even also like that. agent alot just dont care what they sell, just want commision and go to the next one. alot of manupulation by the property agent here and there jacking up price, saying alot of buyers waiting/queuing to buy etc. talk alot but no action

dont think is easy to rent, unless very cheap rental. have alot of hidden cost and followup as well as hidden process, agent fee, advertising fees, any appointment for viewing by potential tenant (have to go with agent and the tenant to view bcos the properties keys is with the owner, very troublesome), time consuming. wear and tear/paint worn off/dirty/ maid to wash the place(curtain/bed sheet etc) the property/lighting/equipment spoilt for repair/air condition service/water heater, leaking etc for the next tenant to view. some tenant very fuzzy, dont like the renovation, different taste etc alot of requirement replace new door lock after each tenant leave etc.

the process of sell/ buying a property takes aleast 4-6 months to settle everything, agent already takes the commision and run off to another deal. some even dont followup already

property market is too liquidation and not own $$ floating around whereby buyer still serving loan for years to come. one passing to another (flip flop). fully settle house/condo the % is minimum. bank still owns the property. how fast can the buyer settle the loan 5years- 50 years etc? the longer the loan serve the better bcos the bank earn more interest with such a huge amt of loan serving. the bank is laughing behind already monthly indirect income or in order words, properties buyers is paying the bank salary/working indirectly for the bank for many years to come. Hard earn $$ wont simply buy things, only easy come easy go $$.

eg. loan rm300k interest average 4%, interest alone yearly rm12k, salary average rm3k, 1k serving housing interest only every month. remember compounding interest and the principal loan have not touch and by just taking 4% interest rate whereby base lending is 6% above and increasing. 1 year interest is rm12k, 10 years interest is rm120k, the longer it serve the loan, the happier the bank is. 30 years interest , the bank have a free house/condo, even 10 years loan interest the bank already have a low cost apartment indirectly. just imagine so many borrower. fatt leh

anything that is sold can only consider profit (just like share market, say price can go to how much etc, but it also can drop back) anything not sold also cannot say is profit yet. property market is the same, property market price how much etc talk only, if cannot sell, have to service the heavy loan interest and other hidden cost monthly.

if really calculate selling property is just a force saving, unless a new property can quickly flip flop else in the long run not much. the loan interest kills the buyer with such a huge amt of loan.

rental is just helping the owners loosen the loan abit but if the owner dont fork out more $$ to payup the loan is also no point in the long run. majority of the rental $$ , Have to save for upkeep/ wear n tear and refurbished the place later on and partial is for maintenance/sinking/insurance/acessment fee/ bad tenant run away/ not paying utilities bills etc.

This post has been edited by lowyat888: Sep 11 2010, 01:07 PM

I believe it could fetch RM1500 above for rental. and I do agree with you the listing price is too expensive.

for fully furnish or not furnish rm1500 is abit expensive for such a small place. if not furnish nobody will buy furniture and equipment/lightings etc to rent a condo. expatriate dont do that but anyway the place is not expatriate area.

if local can manage to rent Rm1500 each, why dont they buy a place for themselves and use Rm1500k to pay for monthly installment rather than renting. talking about company paying, majority high ranking executives wont be staying/renting such a small place right.

it needs interior designer to renovate such a small place bcos of the size place. tailor made furniture, kitchen place, bedroom etc. alot of hidden cost if need to rent higher price.

tropics is consider apartment not condo bcos condos do normally have walkout balcony whereas tropics dont just a railing but cannot walkout to the balcony is it?

This post has been edited by lowyat888: Sep 11 2010, 01:22 PM

hello.

This post has been edited by blurspice: Jan 6 2012, 03:26 PM

unit sold or still available?
plz advise.