hey ken, it is really up to you to decide

I can't say its a go or no go bcos pricing is still a major factor for me to consider, especially when it comes to ROI (being cap appreciation or rental). No doubt this place has potential and this place will not be let dead, but when comes to ROI, I am not so sure..

However, I am not able to jump into the wagon bcos I have max out my loan potential .. Hopefully this place will kick off nicely ..

Yea.. I&P use to hav long line of waiting buyers as landed props are still the most preferred.. but everytime, they only hav less than 60 houses to be sold.. very limited units..

Zest was 100% sold in 8 months, note that its a total of 720 units

There are benefit of going early.. as we do not know how is the responds, why not be early so that you will have better peace of mind.

1) can get a better unit (unit number, floor, facing direction).. even if its for investment purpose, why not choose a better unit as there is a better chance of attracting tenants or potential subsale buyer. There are so many units around, you have to make your unit stand out than the rest.
2) Better chance of getting the 2.5% rebate, dont make too much assumption that developer will extend.. as the saying goes "Assumption is the mother of all screw-up"

Good luck

Got some hint from other forums, next weekend will be HOT.. developer gonna distribute numbers instead to potential buyers.. if wanna grab, dont assume too much and try to be early... hehhehehe~

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Added on October 24, 2009, 6:02 pmIf the responds so hot, y developer bother to extend the rebate..

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Added on October 24, 2009, 11:19 pmWatch Setia Walk video from their web, i think its nicely done and it might causes you to hav some sort of urge to get a piece as well



Enjoy

This post has been edited by eugene jk: Oct 24 2009, 11:19 PM

No idea.. I suggest you make a call personally to check with them or pay a visit to their show unit... I m not in the country at the moment

Wah... I m just here to increase the hype of SW.. I m not buying actually...

845sqft.. to be exact.. 1+1 room with 1 toilet

your projection is pretty much justifiable

Yes brutus is right.. The 2+1 already taken away, instead they change it to bigger unit with 3 rooms..

Its easy maths to estimate the pricing.. currently the estimated price is RM345psft.

845sqft x 345 = RM290k
1007sqft x 345 = RM347k
1138sqft x 345 = RM392k
1350sqft x 345 = RM465k

Be noted these are the starting price only (means starting from the most undesirable location). And as the unit move higher floor, 1k -2k will be incremented.

Ic... maybe RM345psf is the starting price while average is RM363psf.. Most expensive might soar RM380psf??

Can this be a flipping investment? using 1007sqft unit:
Purchase: RM350k
Flipping: RM420k (try to gain at least 20%, not to mention, try to overcome the 5%RPGT)
Herm.. RM420k for a 1007sqft unit is even tougher to flip than Mont Kiara Condos IMHO.

Can this be a Rental feasible investment? using 1007sqft unit:
Purchase: RM350k
Renting out bare unit, Aiming 5% ROI (although 6% is more ideal, but we try to be conservative)=RM17500/year
Maintenence=RM250/month (0.25cent/sqft), thus 12 months will be RM3000
Assessment fee (commercial title more expensive) = RM1000/year
Thus total rental per year = 17500+3000+1000=RM21500
Rental per month=RM21500/12 ~ RM1800 (and we are talking about bare unit with 5% ROI)
If aiming for 6% ROI, rental will be about RM2080 permonth with bare unit
Tough on rental..

It might look feasible but it will be tough to get a subsale buyers IMHO
1st hand buyer buying from developer will be easy due to low downpayment and easy entry cost, but not so for subsale buyers.

I have been asking the same question since their soft launch back in July 2008.. bro, you are more pro than me, plz enlighten me

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Added on October 28, 2009, 11:37 pmWe are talking about RM400k upon completion.. but if it takes 5 years to be sound reasonable at RM400k, thats less than 15% appreciation, that is simple 3% perannum, less than 3% compounded appreciation per year. Moreover appreciation from non-complete project

My not so well known apartment appreciated 25% from non-complete to upon CF in less than 1 n half year man

This post has been edited by eugene jk: Oct 28 2009, 11:40 PM

Dude.. there is no correlation why high rise "must be cheaper" than landed.. classical examples are in Bandar Utama and TTDI..

Must Zen be cheaper than the kampung houses around, or even compare with landed in Puchong Utama..

This post has been edited by eugene jk: Oct 30 2009, 07:59 PM

Bukit Utama Condo.. of course the build up is much more bigger..

Ameera vs SS2 landed
Bukit Utama Condo vs Bandar Utama landed
One Menerung vs Bangsar landed
The Plaza Condo TTDI vs TTDI landed

Anytime more expensive than those kampung house in Kampung Baru

My "wind" told me 1007sqft all gone in the morning... 50units snapped up even before 8am

Seems that 1007sqft is more welcome this time around, but developer increase the number for 845sqft units.. wrong strategy again?

I would say the responds is much better than the previous one.. But I dont think the whole block can be sold in record time.. 1007sqft and 845sqft might be able to be snapped up by this week.. but after that, the the sales will slow down abit bcos it is harder to sell the 1350sqft and 1138sqft.. Maybe need few months and probably SP need to throw in some freebies

For those who have vested in Puchong, we should hope that SW is doing good so that i can influece the area around, and lifting Puchong to the next level..

Fuyoh

BBB

T816B daikor.. got parang any unit today? any conclusion for today's sales performance ah ??

Siapa mau boleh pigi tengok..



kekekeke

This post has been edited by eugene jk: Jan 7 2010, 08:32 PM