Koi Tropika or Koi Kinrara?

Hi all, I just visited the site and show unit cum clubhouse cum sales office. Location wise quite ok, but I can see a nearby pylon. As for the oxidation pond, it is about 800m away, so it is not that near. Otherwise, even Villamas and the up and coming Atmosfera behind it will also be affected.

It's a commercial title. Maintenance fee is 20sen psf which means a monthly maintenance fee of RM2xx. Take up rate so far I can see is about 90% already.

I was quite impressed with the size of the entrance and road right in front of the guardhouse. However, at the price of almost 300k for the remaining units, I think I will give it a miss and look elsewhere, maybe even 2nd hand properties.

This post has been edited by yeeck: Jun 28 2010, 12:27 AM

I am a property agent and I have Koi Kinrara Phase 1 units. RM260-RM300K for 1072sqf. Some house owners already got the VP letter to obtain the house keys.

Please contact me @ +6010-2318281 asap if you are interested.

Best regards,
Derrick Wan

Does it come with 2 carparks per unit? Which floors and which direction?

I just went to the site ytd. The salesman told me this is a residential land. The water bill and electricity bill need to pay by yourself towards Syabas and TNB. So, means that the rate will be follow the landed housing normal rate.

I am not sure this is a services apartment or condominium as per treated by the developer. 1 thing i impressed is the environment is quite nice. Yes, the price is more than RM 300K but it is to worth it.

Regarding to the maintainance fee, of course a bit expensive. 20 cents per sq ft but it is including sinking fund. So no more additional charges. This is what i get from the salesman.

so it has gone up to RM300k, my i know what is the BU?... puchong pricing is very impressive nowadays

This post has been edited by eugene jk: Jul 13 2010, 02:40 PM

What is BU stand for?

build up... definately not Bandar Utama

BU -> 1221 sqft

The problem for me is that there is only 1 road in. Correct me if im wrong.

Yes...Just only one direction to get into it.....
Hopefully got new propose direction at the back....

I think the salesman bulls**t you only..ask the salesman the copy of the title. Koi Kinrara definitely is on commercial land...

Dear All,
im now got alist of contact and price for kitchen cabinet, electrical, wiring, grill, and plaster ceiling,
the contractor which i usually dealt with had promise got special discount this way...
please PM me for more info,
and for electrical products, please kindly send me the models you looking for and the price you get.. so tat we can compare
thanks.

Regards,
Erick Aw
hugohugi@hotmail.com

guys, i juz visit koi kinrara today...
sad tat 1063 already sold out, left a few units only...
do u think 23 floor block D worth for 303k?its only 1063sf...
about 1221sf its aboiut 350k...block d also..
block d there is sky park, so its abit moure exp from block c which do not have it...

they need me to consider it fast as there are few people lookng for this unit...ish~help

Even if u miss it it wouldn't be a bad thing. Plenty of options from existing stock at that price if u look hard enough.

16 Conclusions from this forum:

1. All KOIs are more or less the same, only difference is size.
2. Various KOI Condos to let for RM700 partly furnished, still available as per today.
3. Various KOI Condos to let for RM1100 fully furnished (negotiable), still available as per today.
4. the developer's sales person's proposed rental rates vastly differs from real existing rental rates, perhaps due to saleman's pressure to meet monthly sales target.
5. Mr Pai of Page1-3 of this forum has unique but realistic view of the future value of this place, but was sadly engaged in a monologue.
6. It is actually cheaper to buy the same KOI from 2nd hand owner than from developer, despite contrary believe that buying 2nd hand is more expensive. Both new and existing KOIs are developed by same developer
7. Many existing Koi units are still unoccupied.
7. Daryl Teo's statement has much truth. Completed 1100sqft KOI condo is still available on market for 205K(negotiable) as per today.
8. At 350K for 1200sqft, the installment + maintenance + (quit rent, assessment, insurance etc) = 1750+220+100 = 2070 per month. Interest + maintenance + quit rent assessment etc itself is 1600 per month. RM1600 per month is the minimum rate needed for an EMPTY unit to BREAKEVEN, assuming the intelligent buyer does not mind negative cashflow.
9. There is a whoping 40% difference between selling price and rental value if the required rental return is 6%, perhaps due to optimistic view on the future capital gains.
10.Investors are willing to invest in properties with 3.0% rental return, a rate potentially lower than FD return should OLR revises yet again despite needing more effort than FD, perhaps hoping to regain from future capital gains.
11. People do make un-informed decisions in investment due to assysmetric information between buyer and seller.
12. The only justification of current selling price is the selling price of the seller, from the seller, by the seller.
13. Points No 1-12 qualifies for a real estate bubble.
14. KOI Representatives, either developer or sales person, have at some point encroached this forum.
15. Buyers are very much indifferent to whether the developer has had a record for late delivery, as seen from the brisk sale of KOI.
16. Bubble will not burst if it can be blown bigger. However, there will be many chairs short when the music stops playing.

This post has been edited by Talbac: Jul 30 2010, 01:32 PM

Your point is? Stay away from KOI?

stay far far away from KOI

perhaps can put it such a way..

investing? no go
self tenant? ok la

anyone here Koi Kinrara owner has done any renovation? I need grille quotation...any recommendation?