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

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??

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

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

I had created a mark on wikimap:

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

Good luck

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

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...

haha hanif.... chill chill...

SW show unit is in pusat bandar puchong

http://www.wikimapia.org/#lat=3.0350655&lo...=18&l=0&m=a&v=2

So... that will be RM300k for 845 sqft (1+1) unit.. wow.. passing PJ pricing liao..

What do u think? is it a good buy?

I am just impressed with the pricing, tats all

Probably i had included other development

Dont think Zest studio is RM300psft.. I was there when they soft launch

Any idea when r they gonna launch 2nd block?

At least still got 2 more blocks plenty to choose from

The last time was having 5/95 scheme with 0% con. interest.. Not sure what happen now... u can check with their show room http://www.wikimapia.org/#lat=3.0350655&lo...78&z=18&l=7&m=b

Their 1st launch was selling at RM325/sqft .. which translate the smallest 850sqft (1+1 room) unit at about RM276k..

2nd block will have an increase of 10% as described by other forumers... Best is to check with SPS.. good luck..

This post has been edited by eugene jk: Sep 19 2009, 02:33 PM

Seems that I am SP Setia important supporter, always got email from them

Akan Tiba... 2.5% Rebate for 1st 50 purchaser cepat go parang..



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

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

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

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