The price starting from 270k?isit it true?anyone know?coz if yes then im interested!

Nop... RM270k is for R3.. new launch R2 starts somewhere around rm290k, but there is early bird rebate of 2.5%

hi eugene,
270k - first block without LRT confirm vs 290k - 2nd block with LRT and early buyers at 1st block confirmed.
Now with 2.5% rebate...incremental of 13k only.
This kind of increment very worth to pay...IMHO

very worth it I would say cos they will be upgrading the tiles for R2. So it's like using the 13k to upgrade your tiles and also get a gym, which R3 does not have.

yea.. there is some upgrades + 5/95 scheme is back + Free Legal Fee (I was told).. more of 845 sqft unit in R2 compare to R3.. Try your luck next weekend

eugene, didnt the 1st block price has increased by 10% sometime this year?

from 270k to 290k is less than 10% increase, right?

Less than 10% I guess.. RM290k is just a rough figure.. but I doubt starting price will hit RM300k for R2

Hi there, i'm already looking forward to next week on hopefully securing my 1st property.. just wondering have anyone here have past experience of the launch on R3? do ppl really line-up b4 10am to buy a property @ price region of 300k?

It took more than a year to sell R3 (since soft launch in July 2008).. but I think R2 will be selling better despite the slight increase in selling price..

couple of reason why I think R2 will sell better..
1) when R3 was launch, there are several competitor products around, particularly Zest and maybe Zen and Atmosfera.. Since Zest is 100% sold out, thus leaving SW more or less the only option to be considered right now..
2) The LRT news will definately give some sort of impact on decision making..
3) R2 offers more 845sqft units than the bigger ones... With the history of R3 had proven that 845sqft units sells better than 1007sqft unit and other bigger build-up units.
4) Upgrade in interior.
5) With property market moving up again and it seems the economy down turn is recovering, everyone trying to get a piece at this moment before the price reach sky high.. Puchong market seems to be hot and only SW still have plenty to sell..
6) Low entry cost plus 2.5% rebate will be attractive for buyers..

my 2 cents..

This post has been edited by eugene jk: Oct 23 2009, 05:17 PM

I got the same thinking as you.
I think is it worth to add another RM60k to get the 2 rooms unit. In short, 60k can get you one more bedroom, one more car park & one more bathroom. Additional loan installment only RM350 which I think prospect tenants willing to pay, maybe RM400-RM500 more.
Hope I am not wrong....

and bear in mind the 845sq ft units will no longer be corner units, although I am not sure which ones are.

I don't think ppl lining up to buy b4 10am will happen in Setia Walk..
So far only I&P Kinrara , you will see this kind of situation.
I&P's landed property selling for RM315psf vs Setia Walk's strata property selling for RM360psf.
Even Zest at RM250psf also need 8 months to sell off.
It will be lucky if Setia Walk managed to sell off R2 within 6 months.

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

eugene,

Most probably will take a unit there....won't put much hope that it will fully covers the loan installment....80% for a start would be fine with me.
And I wont be rushing just bcoz of the 1st 50 entitled for 2.5% rebate as I know for very sure NO DEVELOPER will be so strict on this so long they can conclude a sale.
I have encountered a few development previously that the SA called me few days later even the offer meant for ONE DAY only (as claimed) telling me they can convince their boss to extend the offer to me if I really interested in buying.

Regards....

Dear Eugene & Kim, it's great to see valuable inputs from your feedbacks... so i assume ken's looking at a 2 room unit as a start.... which matches what i'm looking at too!

yup....2 rooms one is more value for money and practical...for own stay or even for rental purposes....

Just to inform all potential buyers of SP Setia properties, these are the problems faced by me. I got a Semi-D unit in Setia Alam and I thought it was good but it turned out to be HELL. The customer care was just nice at replying and promising but no work is done. let me show u a statistic of the repair i have gotten.


No Complaint Date Filed Date Completed Duration
1 Complaint 1 8 April 2008 30 May 2008 > 3 weeks
2 Complaint 2 10 June 2008 5 September 2008 > 3 weeks
3 Complaint 3 11 June 2008 5 September 2008 > 3 weeks
4 Complaint 4 27 June 2008 5 September 2008 > 3 weeks
5 Complaint 5 1 July 2008 5 September 2008 > 3 weeks
6 Complaint 6 19 August 2008 5 September 2008 > 3 weeks
7 Complaint 7 10 October 2008 26 October 2008 < 3 weeks
8 Complaint 8 28 October 2008 17 February 2009 > 3 weeks
9 Complaint 9 18 November 2008 27 December 2008 > 3 weeks
10 Complaint 10 13 December 2008 17 February 2009 > 3 weeks
11 Complaint 11 28 December 2008 17 February 2009 > 3 weeks
12 Complaint 12 4 February 2009 17 April 2009 > 3 weeks
13 Complaint 13 17 April 2009 Yet to be completed > 3 weeks

Complaint 13 was just a simple door frame change out and door. In fact they have changed to a different specs and worst, the door replaced was infested with bugs/mites that will make holes in the door. Complaint for 6 months already but to no avail.


Gents,

if you would like to know more, please visit Jalan Setia Damai U13/16G , Jalan Setia Damai U13/16F and so on... talk to the people around and you will know more.

The house quality built by them from outside/appearance is appealing, but the integrity of the building has been compromised.

These are the few cases that has been happening in the neighbourhood.

- Car porch foundation was built without including steel mesh as reinforcement. I would say after staying for almost a year, at least 7 houses, car porch has terribly sunken. Then the contractor has to be mobilized and hacking, dirtying your place is almost certain.

- I have seen few houses here, the wall crack was bigger than 3 cms!!!! bear in mind, it's the wall, integrity of the house! imagine you are staying, if it collapsed, you won't see the light anymore. What i heard is that they tried to accelerate the projects that the piling,settling of the soil was compromised!

- My neighbour's house did not get the required repair and waited for ages.

-In fact, most of them already informed the tribunal of pembeli rumah. Few lawyers were engaged as well.

Gents,

Buying houses built by SP Setia? Think 100 times before you decide. Go make some survey. I'm suffering at the moment.

Thanks,

Angry soul conned by SP Setia.

well .. i guess i need to reply this .. i m one of the purchaser for R3 ...
to give u some history of R3 ...
sps did not extend free kitchen cabinet .. strictly for 1st 100 buyer onli despite the slow sales after 100 buyer ..
i would strongly advise u to act fast if u really keen on buying to enjoy the 2.5% rebate for R2 ...
but anyway they did extend the 5/95 promo and in fact until now for R2 .. they just change the promo name ..
i expect the sales will do well this time given the positive news .. ppl beginning to see value in sw ..
good luck to u bro ..

seems like sw always choosen not the right timing...
r3 launched, economic going down + competition from zest, atmosphere, zen.
now r2 going to be launched, and the budget "welcome" the launch by introducing back the rpgt
feng shui not good huh??

This post has been edited by trojant: Oct 23 2009, 11:54 PM

sorry....but,i think back today.buying a 1+1 apartment at 290k....isit abit overprice?if for rental investment.cant even cover the loan instalment.if to sell later,cant expect too high price.so,if for investment...does'nt seems to fit in any way.sigh...any good advise?