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Financial Setia Walk..Puchong, pre-launch R3 service apartment..

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TShanif444
post Jul 28 2008, 10:32 AM, updated 14y ago

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I was at SP setia headquarter in puchong last saturday for their pre-launch of Setia Walk project..

Now they are just launch one of the three(R1,R2,R3) service apartment block.it called R3 residential,from 1st floor to 6th floor are carpark,7th floor swimming pool,gym room,Hall...8th floor to 23rd floor are residential..every floor come with 15 unit (8 unit face LDP-sunway view,7 unit facing Ayer Hitam Reserve Forest-Taman wawasan view)
Type A 8++ sf and B for Ayer Hitam Reserve Forest-Taman wawasan view
Type C 1007 sf and D 1097 sf for LDP-sunway view

Average price Rm 320 psf.
Mainteince fee ard Rm 0.25 psf monthly.
Freehold..Completion on late 2010 or early 2011.

and also if using CIMB card to pay for Downpayment of 10%...u will waive of interest during construction period thumbup.gif but interest is BLR -1.30% whole tenure...

This post has been edited by hanif444: Jul 28 2008, 12:46 PM
vin_ann
post Jul 28 2008, 11:21 AM

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i thought this project is there for quite sometime since last year?

last year, the model is there already... but not yet launch. ops, im conflicting myself.

if im not wrong, they already clear the land.
tinkerbel
post Jul 28 2008, 11:31 AM

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@hanif444,
R3 by itself would have 240 households. Assuming R1 & R2 has a similar configuration; that would mean the project as a whole will have a total of 720 households - over how many acres of land is this project going to be constructed on?

RM320 psf doesn't come across to me as cheap esp in Puchong [not too sure of actual site location] - for the price & size, I wouldn't consider this 'value for $' but hey that's just MY opinion tongue.gif

This post has been edited by tinkerbel: Jul 28 2008, 11:31 AM
TShanif444
post Jul 28 2008, 11:50 AM

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QUOTE(tinkerbel @ Jul 28 2008, 11:31 AM)
@hanif444,
R3 by itself would have 240 households.  Assuming R1 & R2 has a similar configuration; that would mean the project as a whole will have a total of 720 households - over how many acres of land is this project going to be constructed on?

RM320 psf doesn't come across to me as cheap esp in Puchong [not too sure of actual site location] - for the price & size, I wouldn't consider this 'value for $' but hey that's just MY opinion tongue.gif
*
20.8 acres of land for R1,R2,R3 service apartment,1 Dinning court, 4-6 stores shop lot surrounding,and 1 corporate tower...

Rm320 psf cheap or not ..i really dunno..becoz it set by developer (SP setia)..exact location is at opposite Tesco Puchong only...2min to Giant bandar Puteri,IOI mall puchong jaya....easy access to LDP with 2 fly-over u turn to putrajaya or kl...3-5min from sunway LDP toll..
tinkerbel
post Jul 28 2008, 11:56 AM

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I'm quite sure the Service Apartments (R1-3) are by itself - wouldn't it be a big security threat to have all components under 'the same roof'?

Can't comment on its price since it's been set but can definitely foresee the traffic havoc *gulp*

This post has been edited by tinkerbel: Jul 28 2008, 11:57 AM
TShanif444
post Jul 28 2008, 04:48 PM

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QUOTE(tinkerbel @ Jul 28 2008, 11:56 AM)
I'm quite sure the Service Apartments (R1-3) are by itself - wouldn't it be a big security threat to have all components under 'the same roof'?

Can't comment on its price since it's been set but can definitely foresee the traffic havoc *gulp*
*
Accordingly by SP setia sales marketing will have very good/latest safety door here and there...but how god is it,have to see 3 years later..no 1 can proof u now...
tinkerbel
post Jul 28 2008, 04:50 PM

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@hanif444,
Safety door has nothing to do with breach of security; if U can get through the door, so would whoever that's working there or shopping there isn't it?
Pai
post Jul 28 2008, 05:02 PM

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RM320psf for Puchong is dem expensive, IMHO.
budak_bagus
post Jul 28 2008, 05:05 PM

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too expensive la..
pleasently
post Jul 28 2008, 05:05 PM

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f*** it

tinkerbel
post Jul 28 2008, 05:07 PM

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@pleasently,
Eh.. there is no need to create a username just to swear here tongue.gif
airline
post Jul 28 2008, 07:25 PM

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last time i also thought some projects on the high side, in the end they increase even more.
tinkerbel
post Jul 28 2008, 09:46 PM

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@airline,
Yes that is true ... so, are U saying RM320 p/sq feet isn't costly @ Puchong?
cspok
post Jul 29 2008, 08:21 AM

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QUOTE(tinkerbel @ Jul 28 2008, 11:56 AM)
I'm quite sure the Service Apartments (R1-3) are by itself - wouldn't it be a big security threat to have all components under 'the same roof'?

Can't comment on its price since it's been set but can definitely foresee the traffic havoc *gulp*
*
i asked the sales person during my visit on last sunday and they confirmed to me that the residential blocks are totally seperated, including the car park, grand lobby, swimming pool, etc.

according to the model and their explanation, they are going to widen the roads around setia walk so it may smoothen the traffic a bit.
smallP
post Jul 29 2008, 10:12 AM

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QUOTE(hanif444 @ Jul 28 2008, 10:32 AM)
I was at SP setia headquarter in puchong last saturday for their pre-launch of Setia Walk project..

Now they are just launch one of the three(R1,R2,R3) service apartment block.it called R3 residential,from 1st floor to 6th floor are carpark,7th floor swimming pool,gym room,Hall...8th floor to 23rd floor are residential..every floor come with 15 unit (8 unit face LDP-sunway view,7 unit facing Ayer Hitam Reserve Forest-Taman wawasan view)
Type A 8++ sf and B for Ayer Hitam Reserve Forest-Taman wawasan view
Type C 1007 sf and D 1097 sf for LDP-sunway view

Average price Rm 320 psf.
Mainteince fee ard Rm 0.25 psf monthly.
Freehold..Completion on late 2010 or early 2011.

and also if using CIMB card to pay for Downpayment of 10%...u will waive of interest during construction period thumbup.gif but interest is BLR -1.30% whole tenure...
*
hanif,

i think is direct access rather than cimb...though they are under same group..but when i approach as cimb mortgage staff they said they are different..

btw, facilities not including gym room...

TYpe A also have LDP-Sunway-Waterfront view


Added on July 29, 2008, 10:14 am
QUOTE(tinkerbel @ Jul 28 2008, 09:46 PM)
@airline,
Yes that is true ... so, are U saying RM320 p/sq feet isn't costly @ Puchong?
*
Is costly...but...so u think is not worth it? brows.gif


Added on July 29, 2008, 10:18 am
QUOTE(tinkerbel @ Jul 28 2008, 11:31 AM)
@hanif444,
R3 by itself would have 240 households.  Assuming R1 & R2 has a similar configuration; that would mean the project as a whole will have a total of 720 households - over how many acres of land is this project going to be constructed on?

RM320 psf doesn't come across to me as cheap esp in Puchong [not too sure of actual site location] - for the price & size, I wouldn't consider this 'value for $' but hey that's just MY opinion tongue.gif
*
They have not launch R2 and R3, according to the sales staff sometime around next year...so by then if based on current raw material and oil prices..when they launch R2 & R3, price/sqft will be higher than R1..so R1 price/sqft will definitely appreciate again..
btw, klang valley lots of loaded people like cspok lar... rclxms.gif

This post has been edited by smallP: Jul 29 2008, 10:18 AM
TShanif444
post Jul 29 2008, 10:47 AM

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if the unit with 1 bedroom..mean u get 1 car park lot,if 2 bedroom come with 2 car park lots..quite good ideas with this..
cspok
post Jul 29 2008, 11:01 AM

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QUOTE(smallP @ Jul 29 2008, 10:12 AM)
hanif,

i think is direct access rather than cimb...though they are under same group..but when i approach as cimb mortgage staff they said they are different..

btw, facilities not including gym room...

TYpe A also have LDP-Sunway-Waterfront view


Added on July 29, 2008, 10:14 am

Is costly...but...so u think is not worth it?  brows.gif


Added on July 29, 2008, 10:18 am

They have not launch R2 and R3, according to the sales staff sometime around next year...so by then if based on current raw material and oil prices..when they launch R2 & R3, price/sqft will be higher than R1..so R1 price/sqft will definitely appreciate again..
btw, klang valley lots of loaded people like cspok lar... rclxms.gif
*
ahem ahem... who said i'm loaded. i'm so poor u know. everyday eat bread only... sad.gif

there is a reason y they don't include gym room. they have confirmed with celebrity fitness to open their fitness centre in the entertainment centre.


Added on July 29, 2008, 11:03 am
QUOTE(hanif444 @ Jul 29 2008, 10:47 AM)
if the unit with 1 bedroom..mean u get 1 car park lot,if 2 bedroom come with 2 car park lots..quite good ideas with this..
*
not necessarily.

Type A - 1396 sqft - 3 car parks
Type B - 1096 sqft - 2 car parks
Type C - 1007 sqft - 1 car park
Type D - 845 sqft - 1 car park

i personally think that type C is not quite worth it if compared to other types coz of car park.

This post has been edited by cspok: Jul 29 2008, 11:03 AM
TShanif444
post Jul 29 2008, 11:44 AM

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QUOTE(cspok @ Jul 29 2008, 11:01 AM)
ahem ahem... who said i'm loaded. i'm so poor u know. everyday eat bread only...  sad.gif

there is a reason y they don't include gym room. they have confirmed with celebrity fitness to open their fitness centre in the entertainment centre.


Added on July 29, 2008, 11:03 am

not necessarily.

Type A - 1396 sqft - 3 car parks
Type B - 1096 sqft - 2 car parks
Type C - 1007 sqft - 1 car park
Type D - 845 sqft - 1 car park

i personally think that type C is not quite worth it if compared to other types coz of car park.
*
Type C face LDP...and evening sun... icon_rolleyes.gif
tinkerbel
post Jul 29 2008, 11:50 AM

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@cspok,
Am quite sure those units with additional car park lots are priced higher. 3 car parks are pretty good.

@smallP,
Yes most salespeople will tell U that and most of the time Phase 1 is usually the 'best' buy - because Phase 1 needs to be successful in order for developer to launch and sell the next few phases.

As to what the salesperson tells u re cost of raw material and building cost it is somewhat true but there's no guarantee; esp in such uncertain times. If the market was booming perhaps a high possibility of that happening but today, ur guess is as good as mine.

RM320 is still in my opinion v costly - I would rather be spending that $ on a landed property. Assuming we look at a semi-d (40 x 80) that would be RM1.024m - it's considered low for some areas but that's sufficient for most areas.

For me, I will definitely give this a miss for I truly believe that cash is king. Also, I know for a fact I'm unable to make anymore financial commitments otherwise I be having cash flow problems.



cspok
post Jul 29 2008, 11:54 AM

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QUOTE(hanif444 @ Jul 29 2008, 11:44 AM)
Type C face LDP...and evening sun... icon_rolleyes.gif
*
oh yah how can i never thought bout that. i almost wanted to book type C, luckily i didn't icon_rolleyes.gif


Added on July 29, 2008, 11:57 am
QUOTE(tinkerbel @ Jul 29 2008, 11:50 AM)
@cspok,
Am quite sure those units with additional car park lots are priced higher.  3 car parks are pretty good.
i have calculated their price/sqft and it happens that all types are having the same price/sqft.

This post has been edited by cspok: Jul 29 2008, 11:57 AM

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