Hi i would like to know some of the comments from this project in terms of location, timing to buy property, investment purpose / own stay , price etc
any1 hav comments on this project? wats ur point of view on this project / developer?
jus want to know more on this project thx =)

good offer 5/95. Seems very attractive.

Plan to visit the place tomorrow.

Nice concept, even better than some existing condos around... still consider affordable for KL City area... Reputable Developer usually wont go wrong (usually la.. not always).. 5/95 and with 0% interest during construction with Maybank is a good deal..

A fren invited me to do a group purchase for investment.. too bad i am just earning peanut..

btw maybank with 3 years lock-in period pawn alot of banks there

This is luxury residence is it? How much psf? I couldn't see price on their site.

Well, usually they wont published the price in their official website, you might want to look at this website..

http://www.skyscrapercity.com/showthread.php?t=536853

Hope you can find what you are looking for

cannot make it this one........... good luck ;p

Most KLCC view taken in Block B.



This post has been edited by putraperdana: Mar 28 2012, 10:55 PM

I Kinna like Setia's developments
This one looks interesting.

1. Type A1 (1055 sqft) – 2bedrooms + 1 maidroom – Rm623k – Titiwangsa/ IJN view
2. Type B1 (1313sqft) – 2 bedrooms + 1 maidroom + 1 study – RM816k/ RM851k - KLCC/ Kampung Baru view
3. Type B3 (1378 sqft) – 3 bedrooms + 1 maidroom - RM898k – KLCC/ Kampung Baru view
4. Type C1 (1701 sqft) – 3 bedrooms + 1 maidroom - RM1.143million - KLCC/ Kampung Baru view.

Development overview
- 4 blocks on 6 acre of land. Total unit 844 units. A sky bridge will connect 2 blocks at 34th floor where resident can access the sky club at both blocks.
- Each floor 6 units with 7 lifts. Each unit has private lobby (2 lifts).
- Sky club at 34th floor. Come with gym, yoga area, wet edge pool, Tea pavilion, Onsen bath, sky club and villa.
- At podium floor, Each 2 blocks share one 50mtr swimming pool. The recreation deck is huge!
- Maintaince fee – RM0.40psf.
- No showhouse available except been informed unit come bare and porcelain tile (living, kitchen) and engineering wood (bedroom) provided. Glass balustrade will be given for balcony. Was informed that showhouse will be ready by May/June at actual site

Source:-
http://www.skyscrapercity.com/showthread.php?t=536853&page=4

What about access? For investment capital gain, I think the upside is there. For rental? I'd ask some KL based AGENTS. For me, better props can be had.

2 access : kg baru and jalan tun razak.

kinda like the architecture but very high density though...844 units. might be hard to rent out if u're looking for investment purposes.

This post has been edited by putraperdana: Mar 28 2012, 10:56 PM

why do u say so? it's be a reputable developer after all. surely they should have a lower chance of going wrong?

They are a reputable developer, but this is their first luxury highrise development, and first highrise if you discount SetiaWalk.

Thanks Meejawa.

Hard to break even for this, even with 20% down.
Pass.

Maybank - first 2 years 0% interest
Down payment can be paid by credit card and repay back in 12 months.

wow. even better deal. 3k a month + points

any updates of sales for Sky Residence?

Tower A B and C launched....left D

Nothing comes cheap. Setia is selling the brands now.

Well, with the current situation, i prefer to buy branded then be sorry...

Thinking of investing in unit 1335sq.ft., RM1.2 mil...

Developer offering DIBS, free legal for SPA and loan... as most of the developers in the market...

Building is up. Sure 1 more unique building structure in the town.

how much per square foot by 2013 for this Setia Sky Residence project ? RM900 psf maybe ?

i think around RM900

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Added on April 16, 2012, 1:06 pmI like the building shape and design and it have a fantastic KLCC view....

This post has been edited by ahmai2332: Apr 16 2012, 01:06 PM

Some time in June 2012, nice ?

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Added on November 4, 2012, 7:44 pmI hear the block D has been launched by SP setia recently. Anyone knows about this to share?

This post has been edited by alovelyday2007: Nov 4 2012, 07:44 PM

Thanks alovelyday2007

Thanks alovelyday2007

Wow... Nice & amazing....

How is it now? making it or breaking it?

Nice, interesting to see how this perform in subsale market...

Nice! I saw more photo in
www.propcafe.net
Luxury sky deck!!

This post has been edited by propertybbb: Mar 21 2013, 04:14 PM

Nice. All the owner can use? Or selected unit

All the owners can use.....at 33a floor...very impressive...

Block A and B are in resale market. Block C and D still have unit available fr developer.

6 units per floor:
Block B:
1,055sqft 2+1 rooms, facing titiwangsa lake, intermediate, free 1 cp
1,313sqft 2+2 rooms, facing klcc view, intermediate, free 2 cp
1,378sqft 3+1 rooms, facing klcc view, corner, free 2 cp
1,701sqft 3+1 rooms, facing klcc view, corner, free 2 cp

Block A:
only 1,313sqft change to 1,281sqft
the rest are same

*All units with private lift lobby besides the unit below fifth floor
*Free shuttle transportation service fr setia sky to KLCC
*Rental RM4-4.75/psf
*Resale Price RM900-1,200/psf

I almost buying this. Kg baru at the front creates uncertainty the view mayb blocked in the future

wow..nice!...look like the facilities area materials use look better than Mont Kiara verve suite! and closer to KL city

This post has been edited by HELLO HELLO: Aug 3 2013, 12:36 AM

WOW

really different class

PromisIng Concept

there are so many land owners and generation to generation, it is hard for government or private company to buy it in a whole..

haha...ya..it is nice, if u wish to take up a tour to setia sky, give me a call anytime

[/YOUTUBE]<iframe width="420" height="315" src="//www.youtube.com/embed/FOZ3Tmu0A00" frameborder="0" allowfullscreen></iframe>[YOUTUBE]

i've bought a unit in Celeste a few years back, the prices have not moved much if at all, i see in propertyguru asking of as low as 700psf even for A&B. I bought at higher than these for Celeste

any unit for sale?

budget 800k, looking for even number/floor

Everything good... Just toooo High density...no exclusive feeling Liao.

u need to hold your investment for a few years, no matter which development project, if u just bought into it only in 2011 or 2012, its unlikely u will already realize meaningful or significanf gain by end 2013 or 2014, especially when its still under construction, after all, isnt the government trying reduce the speed of price increase o speculation/ flipping ? this is not share market trading. if u still have acquisition power and holding power, perhaps u shld even buy a few more units here at setia sky residence if u can get it today at the same price last year to hold until 2017, 2018, then u will likely make a sizable gain, if not, better stick to share market.

But when 100% completed... Over 800 units... On small size of land. Fierce competition on rental market... And will it be like pasar malam?

This post has been edited by HELLO HELLO: Mar 1 2014, 09:18 AM

6 acre of land is small ? sounds like either sour grape or poor grasp of math

Guys, I'm searching for a property to invest and noticed during Star property fair last weekend there is unsold units for Celeste and Divina tower. SPS is offering 3% rebate and absorbing legal fee. Stamp duty by Buyer.

Any thoughts on Setia Sky Residence (SSR) in terms of rental investment in years to come ???
I'm aware its away from LRT (Putra/Ampang Park). Although, shuttle service to KLCC is available till 6pm.

Also, not walking distance to any clubs/western outlets at night (foreigner point of view). There are some during work hours at nearby office towers but not much.

Mind sharing your thoughts please....I'm aware the launch of first tower has been a while and price increase would hv occured. Lacking on early bird packages, rebate etc etc....
And, I dont see the older threads having much response compared to current newer property launches...
Also, what is not that responsive currently due to change management of SPS to EW?...

Replies are much appreciated. Thanks guys...

for your reference.

i once brought a foreigner friend from UK who is looking to buy for own stay,
his exact words are "it's just a building erected in the middle of nowhere".

finally he bought a condo in bangsar.

might be a bit hard to rent out to foreigners, even though it's location is NEAR KLCC enclave.
I guess foreginers not only see the condo, but the neighbourhood around it as well.

btw, i think setia sky residence is gorgeous, and i don't see many people staying inside when i visited.
if i have the cash, i would buy for own stay

This post has been edited by sendomike: Nov 25 2014, 03:49 PM

Does anyone know where the exact location of STATION 15 KAMPUNG BARU NORTH is ?

Is it at the site where the 2 Petronas stations are located opposite Setia Sky Residence on Jalan Raja Muda Abdul Aziz ? It looks like the only place where the underground station exit could possibly be...

This is what the alignment shows:



This is what Google Map shows:

look at this DAM condo. heard occupancy still low n asking prices still 800psf (same as few yrs back)...

cos is located at the worst area of KLCC.....wanna eat mix rice downstair also cannot get

Its not even klcc...need to cross a damn long way to get here. Totally not walkable for this price point market. Wonder what was spsetia thinking

Kampung baru not KLCC... sendomike is right building in the middle of nowhere no commercial below also ah?

If they wana build/revamp a place, they must get a sizeable plot n develop several components..now buyers will say MRT coming but can they wait 6 yrs??

Mrt is not the answer, will just end up like a certain lala bangsar, pay so much to depend solely on mrt/lrt ?

need retail component n full redevelopment of the area.. i mean if u wana wait another 6 yrs for mrt u would bleed dry in 2 yrs n construction noise will lose u many tenants..

that alala is in a slum n can only depend on lrt everytime..headache liao mus take mrt for bfast then lrt back...

need retail component n full redevelopment of the area.. i mean if u wana wait another 6 yrs for mrt u would bleed dry in 2 yrs n construction noise will lose u many tenants..

that alala is in a slum n can only depend on lrt everytime..headache liao mus take mrt for bfast then lrt back...

need retail component n full redevelopment of the area.. i mean if u wana wait another 6 yrs for mrt u would bleed dry in 2 yrs n construction noise will lose u many tenants..

that alala is in a slum n can only depend on lrt everytime..headache liao mus take mrt for bfast then lrt back...

no problem renting out my unit since 2 months after handover in 2013 May , after paying maintenance and bank installment, i am still get a net profit of <> RM1000 every month.

and my tenant who is an expat is perfectly happy living there and renewing the lease, the family especially likes the recreational facilities and the KLCC , short drive to Intermark for their food and drink, free hourly shuttle bus to KLCC , et cetera ...

i suspect not every segment of the market likes mix rice, and SSR is certainly not catering to people who eats mix rice downstairs every day.

i think u quote him wrong cos this is the WORST located condo in KL being near NOTHING..thts what he means la.. u look at the prices yrself.. block 3 selling for lower than todays prices.. occupancy aso very low.. no shops lrt nothing nearby..

mind telling us your purchase price and rental?
i think you are lucky to get your tenant.

the facilities are alright, but they are not exactly well-maintained now, are they?
i think many people are not paying their maintenance fees, because last time i was there, a couple of stuff was broken..

Setia Sky has one of the most comprehensive facilities in KL region. To make up lack of location or public transport, 2 shuttle vans are serving residents and it's a hit.

Not sure where u get ur occupancy data but for Block A & B, it is hitting 70% after 2years from VP. as for Block C where it was VP-ed end of last year, the occupancy is still low maybe 20% where data is obtained from management office. Especially when the big sizes in Block C are asking much higher than block A & B that sold much lower price and can ask for lower rental.

It really depends on what tenants want. Just put in perspective for similar budget that you can get compact 1 bedder in KLCC condo with smallish facilities area, you can get spacious 2 bedrooms with its own private lift lobby, condo with comprehensive facilities and come with free shuttle van to KLCC.

You are so lucky to get your unit tenanted fast. My friend is still struggling to get a tenant after 2 years of VP. She complains most rental enquiries are from Middle East people, especially Iranians. Also, she is unable to sell her unit either, as the secondary market in Kg Baru in particular is dead.

KLCC is a big place, KL is an even bigger place.. I can name many other condos that are not in walking distance of restaurants and LRT, think TR231, Dua residences, those in Kia Peng and U-Thant et cetera. I honestly think that your choice of words reflect your own prejudices than an objective view.

And as a local , I live in a typical suburban area in PJ, i can't get get anything unless I drive for a 5 minutes distance. I don't see the difference with walking 15 minutes or drive 5 minutes from SSR to Intermark.

Maybe I am damn lucky, then I guess the other 70% of owners who rented out their unit are also lucky

This post has been edited by alovelyday2007: Jul 30 2015, 08:10 PM

Maybe your friend is pricing the rental price wrong, or maybe her unit is not furnished to appeal to the target segment, maybe her unit is on a low floor with poor orientation, or maybe she is is not using the right agents with the right contacts or network or give her high priority ... there are so many reasons why she should not be in the property market....

I should better keep my bag of tricks to myself , And not make everyone so smart. Hahahahah just kidding

i walk from dua residences to KLCC before.. how oh? i said NOTHING nearby which reflects tht its a condo in the middle of nowhere trying to get expat tenants.. but those tr231 is in a prime area with many opis nearby..

If this apartment doing so well why price flat for so many yrs?? 3 yrs ago block c launched for 1000psf n today still 900psf...

In 2011,
Thinking of investing in unit 1335sq.ft., RM1.2 mil...

Developer offering DIBS, free legal for SPA and loan... as most of the developers in the market...

in 2015,

RM 1,250,000 (RM 907 psf), Built-up 1,378 sf

http://www.propwall.com/classifieds/579748...le-by-aaron-lam

the fact tell the truth....

My friend bought first phase unit about 750psf few years back ...with DIBS.. at the same time...I also bought a property at Cheras Selatan aka Balakong.... he laugh at me said I invested at wrong location...

now...my unit oledi appreciated about 100% with ROI 6%.... but his one appreciated not more than 40%.... ROI about same....

Now Cheras Selatan become very ong place....Jalan Tun Razak (North) aka Kg Baru still same....



This post has been edited by bigman: Jul 30 2015, 08:44 PM

y sky residence the subsale still below 1000 psf? wonder...

mayb no mix rice stall nearby?

Investor like me...the very first criteria to invest is must has mix rice non-halal stall within 1km radius....if no...this project will struggle...

The Capers think doing better than this...

This post has been edited by bigman: Jul 30 2015, 08:52 PM

Capers REALLY struggling also n my friend rented a unit there for merely RM2k for 1.1-1.3ksqft unit which is RM1.7psf before maintenance.. u can see propwall the asking rental n it goes much lower than that..

But i dun think mix rice stall is important but the guy dun understand no mix rice, no western food, no food.. jus starve if hungry at night n wana eat

Not a fair comparison IMO.... Different class of property and prices. Some buy one bungalow RM3m but make RM1m ROI however how many Condo that you need to buy make RM1m? Also amount of works that involved in managing tenant and profile of the tenant. If your property is in KLCC where some of the expat's rental is paid by company, you have lower risk and secured payment.

I think most of the high end condos in KLCC have been stagnanting except if you buy smaller units. The phenomenon is not only limited to Sky Residence. The Dua already stagnant around RM850-900psf since 2008. It is issue of affordability. However rentalability is another matter altogether.

However with most mass market now even asking RM600psf onwards and some so called luxury condo in OKR and Kota Damansara asking RM1300psf, it will be interesting time to see in next 3-4years.....

for ur info...i paid same amount money tat my friend paid....only different place only....

tats y i smarter than him lor

Property investment is long term journey. some with proven strategy will repeat and reap the rewards accordingly.

Agree...

bruder, what rates are you renting it out for? 4rm psf?

Still got available units ah? adui so long already

the left over unit shld be bigger sf or dual key?
how much huh?

what size for dual key?

Any good promotion ?

Launched almost a decade ago and now it is still selling?

errrmmm ...

Phase 1 (Block B) launch - year 2009
Phase 2 (Block A) launch - year 2010
Phase 3 (Block C) launch - year 2011
Phase 4 (Block D) launch - year 2014

present year 2015

don't think it is anywhere near 1 decade

This post has been edited by alovelyday2007: Sep 27 2015, 08:52 AM

+1

I attended the launch preview in 2008. Indicative price was RM700psf++ which was considered a high price for that location at that time.

How much now?

surprisingly block C still got unsold units by developer, but all studio units at level 2, selling at rm1000 psf, block D also got unsold units of various layouts, main selling point of this condo is the private lift

1000+ psf after discount. too expensive for the area imo.
layout isn't that nice, a lot of awkward corners here and there...
but the dual key in block c is pretty nice.

facilities wise, is definitely one of the best i've seen.
bbq area is big, got party rooms for rent.. great place for rich bachelor

What is the smallest size for Block D? Any available unit?

This project will definitely going to be GREAT !!!!!

Why is that so?

New MRT station within 500m distance in the near future. New commercial development projects in next 3-5 yrs.

it is mrt2 and that will be completed 5 years later, pending that, there will be a lot of construction going on at that area including that m101 SW project, not sure tenant will like this place during that 5 years