Hi Neo18,

I am amazed with your investment success in other investment vehicles, I would like to know your investment analysis approach for Setia Walk, it looks like a good project

I received their invitation letter via postal 2 times (want me to buy 2 unit I guess ) .. might drop by tmr morning..

This post has been edited by eugene jk: Mar 21 2009, 07:42 PM

I visited today and they show units are nicely done.

Got their free Starbucks voucher today .. hehe..

Yes.. the show unit is very nice and heavily-invested.. wonder those publicity cost will pass on to buyers ..

This is my 4th visit to Setia Walk (show office and gallery) and I had received tonnes of email, post card, invi letter and phone calls from SP Setia.. I love and hate at the same time..
I love it bcos of its concept and location..
I hate it bcos I love it but cant find any practical sence to own or invest in it.. despite visiting the show office frequently ..

Despite with heavy publicity being done on web, newspaper, radio and roadshow after more than half year since it soft launch in late July last year, pick-up rate is still rather slow.. Counted 79 stickers on the board today.. that would be approximate 11 or 12% of 720 units.. I doubt that all the units will be fully sold upon completion .. More than thousand ppl flock into the show office during soft launch but most come out with empty handed..

Half of the sold units are the 845 sqft.. mostly I guess are bought by investors..

I am not sure what is the rental like after 3 years down the road, say if we want to achieve 6% ROI, the 845 sqft would need to rent out at RM1700 (including maintanence fee and assessment rate).. That would be RM2.01 psft. Given the closest benchmark which is Aseana Puteri, the estimated rental price with estimated 5% compounded increament for every year will be RM1.33 psft. The rental in SW is about 50% more than other condos around in puchong.. Not to mention, with the same RM1700, SW only can offer 845sqft while Aseana can offer 1300sqft.. Will tenant pay the extra 50% for the life style concept and convenient??

I am not bashing on SW, I just need opinion on investment analysis point of view..

I am concern because, after more than 6 months heavily promoted and publicity, still less than 100 units sold and its still not well received by buyers and investors.. When the new block is launched with higher price tag, can it still sell??

Any guru can give opinion??

Setia Walk is try to set a trend in Puchong. It will be ideal for young family who likes Hartamas lifestyle. I do hope it will turn out well. The commercial shops are indeed hot.

I got 5 starbucks voucher and celebrity fitness voucher.

This post has been edited by putraperdana: Mar 22 2009, 09:45 PM

gee u r very lucky.... i heard sales responce was good this morning...

wah, 5 starbucks vouchers?! should've gone there to kpc oso at their sales status but had prior plans already

@eugene jk - i echo ur sentiments on the ROI for setia walk too, hence my decision to invest in zest instead. looking at the amount of buzz the zest thread is generating compared to sw's, i reckon we've made the right decision

haha... something inside still telling me SW is damn cool, however we stiill have to work with numbers to determine the investment feasibility..

I recon SW has higher chance to be successful than Zen. I have compared both and surveyed condos surrounding puchong area. There is Heron and Trinity at Bukit Puchong. Have not seen the price appreciating. In fact Vista Prima have not seen any demand in sub-sale.

I maybe wrong but this is my survey from last year. I tend to be a bit reserve to invest in puchong.

How would you think SW be set apart form the thousands of sprouting commercial shoplots currently in nearby areas? I think it's not a bad investment, but then you would have diluted customer base, unless they keep building in and round that area more residential units, which then add to congestion. If you foresee Puchong in the future will be associated with SW, then it's definitely a good buy.

Got SHow Room already.... ??... me want to check out too. ..... May i know Where ar... On the SW Site , is it ??...

Behind Sp Setia office @ Puchong Jaya.

I had created a mark on wikimap:

http://www.wikimapia.org/#lat=3.0350629&lo...ch=setia%20walk

Good luck

i still preffer SW..is at heart of Puchong City with 5min to IOI,TESCO,Giant....so what to compare about Zest or Heroin?...
we can see the location location and location....the only fundamental for investing property are location only.

Do you mean location is the only vital criteria regardless of cost and potential ROI?? if SW selling RM 1mil for 845sqft, you will still prefer as only fundamental for investing property are location only ??

This post has been edited by eugene jk: Mar 26 2009, 03:46 PM

i must admit that setia walk's location is definitely attractive. however, i echo eugene_jk's sentiments that the property has to be priced correctly as well for us to reap decent ROI if we were to get it for investment purposes. for own stay, its a totally diferent story alltogether.

then u have to ask urself is all unit of SW are selling at Rm 1m for 845sqft or u just want to fire me here...

you said fundamental is location only mah..

Majority of us here had no doubt about the location here.. Although I do agree that investors have to pay a premium for that location, but the main arguement here is that that so called PREMIUM price is a little too much for an under-construction property + unspectacular finishing + current economy + potential future slow down in property sector + potential lower ROI .. lor...

Ya, Location of SW no doubt is good, but its way too overpriced. expected rental income cant even cover monthly instalment if based on this 5/95.
Cant imagine the price of SW for sub-sale later.

eugene jk...

haha hanif.... chill chill...