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 Buying for investment in Bandar Kinrara

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TStishaban
post Sep 11 2008, 10:43 AM, updated 16y ago

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Just wanted some opinions, I'm looking to buy a house in Bandar Kinrara for investment. Looking at the current launch Melodi at phase 6A1. Kinrara has lots of advantages, great accessibility and good facilities (Giant, future LRT) around but it's not exactly a premium property, no plans for gated facilities or beautiful landscaping. The biggest problem with this particular launch is the price, their 26x65 starts at RM570k and their 30x70 superlink starts at RM724k, around 10-15% more than similar property launches in Mutiara Bukit Jalil or Bandar Puteri nearby.

I guess I'm just wondering if this will make sense investment wise. After almost 2 weeks, only about 10 units out of 40+ have been sold, unlike previous launches where majority of them were sold on launch day. It just shows that other people are not so keen on buying these houses either. I can't really imagine what the secondary market is like for a RM650+k link house or RM800+k superlink even 2-3 years from now. My gut feeling is that it'll take probably 3-5 years before there will be any significant appreciation of these properties since it'll have to compete with the existing properties built before the price hike which may end up being cheaper.

Comments welcome. biggrin.gif

agape_ian
post Sep 11 2008, 11:48 AM

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Not worth buying. I don't think Puchong houses are worth that much. Don't think it will appreciate a lot.
hanif444
post Sep 11 2008, 12:57 PM

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nowaday Puchong area are appreciate a lot...1996 a 20x70 double storey cost 120-140k...now min 250-280k for standard unit..1 fold after 12years..
look at Wawasan,Puchong Jaya-tempua,...
suiteng
post Sep 11 2008, 07:00 PM

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Well I bought my place BK5 during 1997 at 210k. Now? brows.gif
ronaldoo
post Sep 14 2008, 01:54 PM

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If you looking for landed property , yup puchong is the one .
apart from that, you can choose kota kemuning . all freehold
Tidor
post Oct 7 2008, 05:47 PM

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heard bandar kinrara will have big cemetary project on dbkl plan
asciii
post Oct 7 2008, 05:58 PM

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QUOTE(Tidor @ Oct 7 2008, 05:47 PM)
heard bandar kinrara will have big cemetary project on dbkl plan
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later got ghost wondering around tongue.gif
sklc
post Feb 8 2009, 11:47 AM

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QUOTE(tishaban @ Sep 11 2008, 10:43 AM)
Just wanted some opinions, I'm looking to buy a house in Bandar Kinrara for investment. Looking at the current launch Melodi at phase 6A1. Kinrara has lots of advantages, great accessibility and good facilities (Giant, future LRT) around but it's not exactly a premium property, no plans for gated facilities or beautiful landscaping. The biggest problem with this particular launch is the price, their 26x65 starts at RM570k and their 30x70 superlink starts at RM724k, around 10-15% more than similar property launches in Mutiara Bukit Jalil or Bandar Puteri nearby.

I guess I'm just wondering if this will make sense investment wise. After almost 2 weeks, only about 10 units out of 40+ have been sold, unlike previous launches where majority of them were sold on launch day. It just shows that other people are not so keen on buying these houses either. I can't really imagine what the secondary market is like for a RM650+k link house or RM800+k superlink even 2-3 years from now. My gut feeling is that it'll take probably 3-5 years before there will be any significant appreciation of these properties since it'll have to compete with the existing properties built before the price hike which may end up being cheaper.

Comments welcome. biggrin.gif
*
I'm also considering properties in BK... but if you think about it, in years to come, people will opt for the largest lots they can find to tear down and rebuild... land is precious in tat sense... plus i did check with the developer, Melodi will be gated - sort of... they plan to build a half wall with grill just like for harmony, but get-your-own-guard concept.

Don't you think MBJ is in the middle of nowhere... and worse of all the cemetery land will be on that side... plus it's awful to see industrial lots near your house. If you want to invest in this sort of property, tmn esplanade and jalil sutera are better... or you can opt for Hening or Senja under BK...
paqralos
post Feb 9 2009, 09:40 PM

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i am actually looking for a landed property around selangor area smile.gif but i really have no idea where to get one..
my budget is actually around 100k-200k...
i need some opinions from u guys actually... can u guys tell me which area is good enough eh??
TStishaban
post Feb 11 2009, 10:56 PM

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QUOTE(sklc @ Feb 8 2009, 11:47 AM)
I'm also considering properties in BK... but if you think about it, in years to come, people will opt for the largest lots they can find to tear down and rebuild... land is precious in tat sense... plus i did check with the developer, Melodi will be gated - sort of... they plan to build a half wall with grill just like for harmony, but get-your-own-guard concept.

Don't you think MBJ is in the middle of nowhere... and worse of all the cemetery land will be on that side... plus it's awful to see industrial lots near your house. If you want to invest in this sort of property, tmn esplanade and jalil sutera are better... or you can opt for Hening or Senja under BK...
*
Some of the neighborhoods already have the get your guard concept but it depends a lot on the residents and whether or not they're willing to pay. This is an issue if you're planning to stay long term.

MBJ is definitely in the middle of nowhere, but the house design itself is a lot nicer than BK. And if you drive around the completed phases of Mutiara Bukit Jalil you'll see that the majority of people buy for investment. Haven't gone to Jalil Sutera but Espanade is on the expensive side plus the whole Taman Esplanade is like a free bypass for people who want to avoid the RM2.20 toll at KESAS. Even I do it once in awhile biggrin.gif

Was at the Kinrara sales office again today, take up for the larger/more expensive (RM500k and above) houses are pretty poor. I wonder if I can get a 20% discount biggrin.gif

bbjslee
post Feb 11 2009, 11:17 PM

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QUOTE(paqralos @ Feb 9 2009, 09:40 PM)
i am actually looking for a landed property around selangor area smile.gif but i really have no idea where to get one..
my budget is actually around 100k-200k...
i need some opinions from u guys actually... can u guys tell me which area is good enough eh??
*
What type of landed property you're looking for? Single Storey, double storey?
Where do you work & prefer to spend your time? For example, some people stay in Shah Alam but loves to go PJ area.
paqralos
post Feb 12 2009, 12:35 AM

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ooh... i'm actually looking for a double story landed property.. if there's a nice single storey also i won't mind actually.

i prefer somewhere i can easily access to PJ.
i'll start working next year.. so planning to buy a house somewhere end of this year.. will be working somewhere in PJ as well...
sklc
post Feb 12 2009, 09:33 PM

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QUOTE(tishaban @ Feb 11 2009, 10:56 PM)
Some of the neighborhoods already have the get your guard concept but it depends a lot on the residents and whether or not they're willing to pay. This is an issue if you're planning to stay long term.

MBJ is definitely in the middle of nowhere, but the house design itself is a lot nicer than BK. And if you drive around the completed phases of Mutiara Bukit Jalil you'll see that the majority of people buy for investment. Haven't gone to Jalil Sutera but Espanade is on the expensive side plus the whole Taman Esplanade is like a free bypass for people who want to avoid the RM2.20 toll at KESAS. Even I do it once in awhile biggrin.gif

Was at the Kinrara sales office again today, take up for the larger/more expensive (RM500k and above) houses are pretty poor. I wonder if I can get a 20% discount biggrin.gif
*
nod.gif keep me informed if there is such discount rclxms.gif

of course sales are poor, how many people can readily afford to spend >half million for a house... me also going to Kinrara sales office quite often...
jyyoong
post Jun 16 2009, 02:18 PM

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BK will going to have cemetry soon? Where? Which part? Never heard of it? Anything confirm?
gamenoob
post Jun 16 2009, 04:49 PM

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Actually a lot of people know nothing about puchong and kinrara, the moment they hear it, they act smart and shoot from hip that its a crappy area, etc etc.

If they have done their homework, BK is prolly one of the area with good appreciation and accessibility for the price. Its not over speculating and priced reasonable which is why a lot of people equate less expensive as not good!

Seriously for 20x70 to 24x75 FH DSL with easy access without toll to CyberJaya(22KM), OKR(5-6KM), Midvalley(12KM), PJ(18KM), KLCC(25km) and LDP, USJ, Sunway etc etc starting from 280k onward for 20x70.

All these house is about 9-12yrs old and sold at 180K back in late 90s.

The latest launch, PKB is smarting up and increase the launch price. With the exception of some design, all houses are snapped up. You should look at the semi d and bungalow launches, all gone.

Some food for thought..BK9 currently commanding at least 35% premium since launching....from just 2 yrs ago!

As for cemetary and crematorium, read about it in Zest thread and BK Forum. You will be more informed and make your own conclusion instead of some informed posting here...
jyyoong
post Jun 16 2009, 05:15 PM

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gamenoob ,
please give the url for the 2 thread you mention......
Pai
post Jun 16 2009, 06:19 PM

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IMHO, think Bandar Kinrara landed props are one the most undervalued dev in KV....... smile.gif strongly recommend u guys to take a peek at BK.....
aramis888
post Jun 16 2009, 06:49 PM

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The recent launch of Desiran at BK 5 were snapped up within a day. It's a 24x70 DSL @ 480k! People started queuing up days before the actual launch.

smile.gif

This post has been edited by aramis888: Jun 16 2009, 06:49 PM
yunalesca
post Jun 16 2009, 07:31 PM

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QUOTE(aramis888 @ Jun 16 2009, 06:49 PM)
The recent launch of Desiran at BK 5 were snapped up within a day. It's a 24x70 DSL @ 480k! People started queuing up days before the actual launch.

smile.gif
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480K for 2-storey still consider one of the most undervalued dev in KV?

gamenoob
post Jun 17 2009, 01:46 PM

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QUOTE(yunalesca @ Jun 16 2009, 07:31 PM)
480K for 2-storey still consider one of the most undervalued dev in KV?
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Yes it is especially considering the quality, FH, location, lots of green, build ups etc. Only recently the developer is hiking up their launching price. Previously all below 350k!

Do share if you can find similar spec size house (new) on FH land that offer easy access to OKR, Sg Besi-Seremban HW, Cyberjaya, KLCC, PJ all without toll? KLIA is only 40mins drive at speed limit. With LDP one can head to USJ, Sunway, Damansara etc. Traffic, its the same for all major township but at least you get plenty of option to head home.

Shopping like Mid Valley is only 11-12km away, KLCC is less than 25km, IOI with new extended wing is like 15mins drive, Sunway Pyramid is only 20mins away.

Best of all the congestion of these traffic area is not on your door step like Mutiara Curve/BU area...

Kinrara is right next to KL zoning which is why is so near to KL township..

Jyyong
As requested.

Pls drive there and see where is this cemetary proposal location. Its at least 2km away from BK...so decide for yourself.
http://forum.bandarkinrara.com/index.php?topic=347.0

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