Malaysia Watch Forum

Off Topic => Investment & Real Estate => Topic started by: outlander2005 on October 05, 2011, 12:05:45 PM

Title: KLCC properties
Post by: outlander2005 on October 05, 2011, 12:05:45 PM

KLCC area are still selling about RM1K per sq feet.... Is it a good time to enter that area?? most of the new development in KL are already selling at RM600/sf. Sri Petaling (Seringin) area selling at RM500 - 600/sf. Same with Jaya One. By comparison, KLCC area seems like a good deal now. Any thoughts???

Title: Re: KLCC properties
Post by: bryankwc on October 05, 2011, 12:41:14 PM

I think the best thing for you to do is to have a chat with a friendly real estate agent.
Coincidentally, one of my biz associate is looking at a property development at Jalan Stonner, a stone's throw from KLCC.
It's going to be a high-end, high-rise residential thing.
Upon completion, in about 2 years' time, he anticipates a selling price of about RM1,500psf.
A standard 3 bedroom unit of around 2,000 sq.ft. will be selling for RM3million. Talk about serious money!
Take care, Ciao!  :thumbsup:

Title: Re: KLCC properties
Post by: chrisyen on October 05, 2011, 02:59:12 PM

r u sure klcc area can get rm1k psf?
if yes, pls grab!!!

Title: Re: KLCC properties
Post by: Watchnewby on October 05, 2011, 04:00:41 PM

Ya, if confirm RM1k/square feet, please grab as the value may increased in a few years time.

Title: Re: KLCC properties
Post by: outlander2005 on October 05, 2011, 04:40:30 PM

yes it is ... is brand new, but min 3500 sq feet... so, you need at least RM4M... but the older apartments still can fetch 1k/sf. The new one is abt RM1.3K/sf now.

Title: Re: KLCC properties
Post by: chrisyen on October 05, 2011, 08:50:00 PM

Quote from: Watchnewby on October 05, 2011, 04:00:41 PM

Ya, if confirm RM1k/square feet, please grab as the value may increased in a few years time.

which condo around klcc rm1k /sf?

Title: Re: KLCC properties
Post by: outlander2005 on October 05, 2011, 09:08:18 PM

The Pearl... hav a buddy as the sales agent. le tme know if u interested.

http://www.propwall.my/klcc/the_pearl

Title: Re: KLCC properties
Post by: chrisyen on October 06, 2011, 09:33:24 AM

ok ok .... constructed by Beijing builder....
this one closer to pavillion, can see KLCC?

Title: Re: KLCC properties
Post by: outlander2005 on October 06, 2011, 11:49:33 AM

Folks - this is the same company that built Pavillion!!!!

Title: Re: KLCC properties
Post by: outlander2005 on October 06, 2011, 11:51:07 AM

chris - yes... close to pavillion. Can see KLCC if you stay on higher floors.

Title: Re: KLCC properties
Post by: siodee on October 06, 2011, 11:55:37 AM

I thought already completed, still got left over unit for sale, or sub-sale? Min build-up is 3000sf, which is like more than 2.5mil  :o

Title: Re: KLCC properties
Post by: outlander2005 on October 06, 2011, 11:59:30 AM

is already completed... the whole building was bought by Kuwait Finance House... they are selling it as sub sale now.

Title: Re: KLCC properties
Post by: Watchnewby on October 07, 2011, 06:22:45 AM

No wonder the price was higher. It was a sub-sales.
Another party to earn profit, therefore the selling price must be higher.

Title: Re: KLCC properties
Post by: outlander2005 on October 07, 2011, 12:57:02 PM

i think that is a good deal... but unfortunately the min is 3500 sq feet, the price is abt 4M... is out of my range. :(

Title: Re: KLCC properties
Post by: chrisyen on October 07, 2011, 03:51:09 PM

Quote from: zitan on October 07, 2011, 10:19:05 AM

Land around Jln Tun Razak was asking for 1.5-2k/sft, am I wrong?

depend on plot ratio under DBKL 2020 local plan

and they are talking about price per floor area above, not land price!!!

Title: Re: KLCC properties
Post by: ykl on October 08, 2011, 08:11:42 AM

For investment 3500sf, consider big and maybe harder to sell when you want to cash out...for tat amount of money might as well look for few middle cost property, just my opinion...

Title: Re: KLCC properties
Post by: outlander2005 on October 08, 2011, 11:44:31 AM

Quote from: ykl on October 08, 2011, 08:11:42 AM

For investment 3500sf, consider big and maybe harder to sell when you want to cash out...for tat amount of money might as well look for few middle cost property, just my opinion...

agree... cannot put all eggs in 1 basket...