So you assume those who have been to the site and seen all the "disadvantages" there as spreading false rumors? Well I don't see you done "Explaining" those rumors. you simply list out the "advantages" to cover up the "rumors" .

The list above is too good, and too many to be true. Well I understand you as a sales agent, you need to be be creative in "expanding" the goodness in the project you're promoting, but its merely just sales talk. Dont worry, its NOT WRONG to SIMPLY list them out

To give your the benefit of the doubt that ALL YOU LISTED above can be fulfiled by developers, the site will still be located next to factories and graveyards.

Why not try to explain what the developer plan to do to tackle the "disadvantages" rather than "promising" dozens of good stuff?

This post has been edited by alanyuppie: Jul 28 2009, 06:22 PM

Alan,
To be entirely fair, the price / sqf of Park51 is discounted and low because of the closer proximity to industrial area.
I guess you get what you pay for. I don't really have a contention with the price.

Wind Dragon,
Only thing I cannot understand is, what is true, and what is not true. Quite a few vague commitments which that sales agents have provided. Honesty and trust is a big thing in the property development especially since it's a large investments. This is not selling a microwave. Once the trust is lacking, it'll take a long time to re-gain. Talam is a good example.

I'll be fair this is entirely my impression and what I've experienced which is related to one sales agent. I'm sure many others had good views about the project. But it's good that you share this with your boss, so maybe there's more consistency / concrete terms in the sales. Maybe all units have sold out - in that case congratulations!

Agree
The value of public forums is for people to share information. The truth will always be the truth. Reality will always be reality.
The industrial areas will still be there. The chinese new village will still be there. The access road will still look like that (unless Taipan buys all the factories and tear them down - which I personally doubt would happen.)

I'm just a small investor who tries to do the most homework before pumping my hard earned money into a property.
Conclusion: do homework!

many investors put on a "would i stay there" kind of test to all their investments. nothing wrong here but then again, i doubt many would be staying in a sub 100K apartment.
would this put the property in question out of the rental market?
P51 represents the solution for mid-end dwelling in a matured PJ market. with KV population expecting to rise annually 5%, there is always a demand for mid-end dwelling, more so when it is near industrial area. just look at the no of (lack of) units in the Shah Alam Sek 27 area.

Sales ppl can twist and turn but they cannot tell lies...cannot be you buy a Honda car and then they deliver Kancil to you. Of course you will sue the whole company upside down. If i can simply tell lies, i will say this project is 100,000 sf condo with 20 bedrooms and 20 bathrooms and comes with free G5 airplane.....

There is a graveyard nearby. You won't be able to see it from the condo because its not facing the condo and the view of it is blocked by buildings but the graveyard is there. this is one of the disadvantages. i can't try to explain what the developer plan to do about it because they aren't going to do anything... they not gonna move the graveyard.

The factories is actually warehouses because the government ruling is you can't create pollution near housing area and there are housing area nearby. so no smoke or chemicals or heavy industry stuff. the industrial area is all individual title so i don't think they will move out anytime soon. this is also one of the disadvantages.

Actually there is nothing the developer can do already to tackle the disadvantage. thats why have to sell cheaper loh.

what u can do about the disadvantages is.....

leasehold - better plan how to sell property within 25 years or u will see the price start to drop.
graveyard - pray and hope your future buyer/tenant didn't realize this because they can't see it unless they really familiar with the area. ha ha. actually not many people care la. almost all my buyers tell me they heard got graveyard nearby and i brought them to the site to see it. say it lowers the population density loh.
industrial area - actually all properties also got disadvantages in their location la. if its not near to industrial area, its build on rubbish landfill area (seri petaling), build on mining area (lakefields sungai besi), facing sewage pond (pelangi utama in bandar utama) etc etc.

long story cut short. i believe future buyers and tenants will be willing to overlook the disadvantages simply because its the only condo there. currently the difference between the number of jobs and the number of accommodation in the that area is HUGE.

Any recent update for this?

They are still selling till today and not finish yet. I think basic unit now cost about 300k

keen in this property and went there last week.

360k(before 10%) + 15k(parking lot)

d/p 2k, with supporting documents.

pls advise, cos might be booking by this week.

tq.

Read previous posts, enough has been said on both the Pros and Cons...
(And the fact that this thread is so quiet should tell you something...)

hmm.. just called up SA, postponed next week..

i'll do more research this few day.

tq.

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Added on January 27, 2010, 12:41 pmHi there, went there for observation and some research via online.

Opposite of the sales office, there is a shoplot under sunway is under-construction.

Also there is a office suit just built last year, beside the futsal centre(222).

Seems that this area will be having demands of rental in future, even paradigm opposite of kelana jaya giant coming up soon.

from the 1st phase, from rm170k-240k, now its rm330k-370k. from 2008 - 2010.

and also check on the materials they are using, their building is built up with partly red bricks + sand bricks. where most condos + apartments in nearby areas is purely sand bricks.. they are using grocera tiles 600x600, johnson suisse sanitary wares and some well known materials.

IMO, should be okay for me. Going to booking it by this week.

Any 18th floor neighbor on block B?



This post has been edited by sonumby: Jan 27 2010, 12:41 PM

i am one of the buyer. i already PM you. we can share the info regarding this project

Most importantly drive AROUND the project site. And don't get misled by the "artist impression" models and pictures. Ask the SA clearly where is the boundary between P51 and the industrial area/chinese new village.

despite of the current -ves, i've confidence on this piece of dev.

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Added on January 28, 2010, 1:51 pmHey neighbours, include me for the sharing

This post has been edited by vgodmax: Jan 28 2010, 01:51 PM

yes, the surrounding area not so good, with those not so high class terrace house, and some factory. but we overcome this issue because we saw there are new commercial center (sunwaymass, pj city phase 1 and 2, mah sing group new commerial center) begin to develop around that area. so will come huge demand for rental income, besides this, the location is really super convenient, less than 10km to midvalley, sunway city, one utama....easy to cari makan, since ss2, taman sea and ss17 area all very nearby........so.....these posistive side already overcome the negative side in my points of view........maybe you keep focusing on those negative side...sometimes must know how to compare those positive and negative effect....

also dun forget me. . . i just sign the spa. . .

I don't get any benefit from writing anything in this thread - my only intention is to point out the fact that the "artist impression" model and graphics produced by the developer is extremely misleading.

Here's an ad for the development recently.



Click here for details.

The location is good, but the fact that its surrounded by industrial lots may be an issue. Also, the developer is still relatively new to this kind of development, have to see how well their workmanship and planning is.

u r right, for the artist impression model, it does not show any -ve side of the project, but belive me, eventhough big n famous developer such as YTL, IJM, SIME DARBY, they wont show the -ve side on the surrounding area in their display model.....(e.g:i din c the high tension tower in their display model for YTL midfield condo)......so buyers must be smart la, go around that area and hv a look, dun simply fool by the artist impression model......

thx to u for pointing out the-ve side, beside the -ve side, i also share with u the +ve side of the project.....

Own occupation may be lah, but appreciation, rental yield and investment is a no, no for this condo.

based on wht factor for ur 'no' conclusion???