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Thread: Southkey

  1. #1
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    Default Southkey

    Southkey properties seem to be launching in Tebrau area. Psf is amazing for that area. Better to grab the freehold condos near there if you are aiming for a condo. They are more value for money.

    http://www.propertyguru.com.my/new-p...y-mosaic-19668

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    Default Re: Southkey

    From the Ad -

    1 Bedroom 676sqft & 758sqft From RM 720 Psf
    2 Bedroom 904sqft From RM 660 Psf
    2+1 Bedroom 1074sqft & 1131sqft From RM 633 Psf
    3+1 Bedroom 1465sqft & 1509sqft From RM 620 Psf
    VVIP Preview Special For Choice Units !!!

    Looks reasonable and cheap. LH vs FH does not matter if location is good.

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    Default Re: Southkey

    I think the commercial units got great potential, better than the condos. Entire road has been sealed off now, probably for road expansion works.....

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    Default Re: Southkey

    Quote Originally Posted by sotong007 View Post
    From the Ad -

    1 Bedroom 676sqft & 758sqft From RM 720 Psf
    2 Bedroom 904sqft From RM 660 Psf
    2+1 Bedroom 1074sqft & 1131sqft From RM 633 Psf
    3+1 Bedroom 1465sqft & 1509sqft From RM 620 Psf
    VVIP Preview Special For Choice Units !!!

    Looks reasonable and cheap. LH vs FH does not matter if location is good.
    Well, it matters a lot to me

    Do note that fuel subsidy has been cut. I expect developments near amenities to shoot up in demand and prices.

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    Default Re: Southkey

    Quote Originally Posted by FHBH12 View Post
    Southkey properties seem to be launching in Tebrau area. Psf is amazing for that area. Better to grab the freehold condos near there if you are aiming for a condo. They are more value for money.

    http://www.propertyguru.com.my/new-p...y-mosaic-19668
    any recommendations for FH condos ?

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    Default Re: Southkey

    Quote Originally Posted by cybermad View Post
    any recommendations for FH condos ?
    There are quite a number in Tebrau/Austin area. They represent lower entry cost and better rental value to me. But prices are generally below $500k RM for 1-3 bedroom units so foreigners are out.

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    Default Re: Southkey

    Quote Originally Posted by FHBH12 View Post
    There are quite a number in Tebrau/Austin area. They represent lower entry cost and better rental value to me. But prices are generally below $500k RM for 1-3 bedroom units so foreigners are out.
    Having said that, those are my own views only. Good for you to talk to the agents and see the sites/units for yourself.

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    Default Re: Southkey

    Quote Originally Posted by cybermad View Post
    any recommendations for FH condos ?
    What are your criteria? Some like V summerplace selling point is near CIQ / proposed MRT extension.
    Others are selling lifestyle - with premium price.....

    If ur buying Medini hyper then look in zone B

    If pure PSF lower price then look at old condo resale, if want new, but dont mind location 8scape at 5xx psf.

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    Default Re: Southkey

    Quote Originally Posted by sotong007 View Post
    What are your criteria? Some like V summerplace selling point is near CIQ / proposed MRT extension.
    Others are selling lifestyle - with premium price.....

    If ur buying Medini hyper then look in zone B

    If pure PSF lower price then look at old condo resale, if want new, but dont mind location 8scape at 5xx psf.
    I don't buy the Medini hype and some of the new condo launches seem cheesy despite the glossy marketing. I would go for conveniently located freehold condos below $500 psf. But I prefer landed, especially in locations where condos are just starting come up because they represent scarcity of land and demand for housing in that area.

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    Default Re: Southkey

    Quote Originally Posted by FHBH12 View Post
    But I prefer landed, especially in locations where condos are just starting come up because they represent scarcity of land and demand for housing in that area.
    But what are you going to do with landed? Rent it out? Furnishing it would represent significant upfront cost (eg aircon, lights, fans, grilles, alarm, wet kitchen...). Can we hit RM 2.5K for double storey terrace?

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    Default Re: Southkey

    Quote Originally Posted by RedsYNWA View Post
    But what are you going to do with landed? Rent it out? Furnishing it would represent significant upfront cost (eg aircon, lights, fans, grilles, alarm, wet kitchen...). Can we hit RM 2.5K for double storey terrace?
    Yes, I thought about it for quite some time. If the rental is insufficient, it is okay to rent out to cover interest and some instalment. Treat the other part of instalment as putting savings into a piggy bank, in this case, the piggy bank is the house. Wait for capital appreciation. I'm an average guy in the street. To me this is better than putting savings into a bank and wait for depreciation or some sophisticated financial instruments that I don't understand and lose my capital.

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    Default Re: Southkey

    Quote Originally Posted by FHBH12 View Post
    Yes, I thought about it for quite some time. If the rental is insufficient, it is okay to rent out to cover interest and some instalment. Treat the other part of instalment as putting savings into a piggy bank, in this case, the piggy bank is the house. Wait for capital appreciation. I'm an average guy in the street. To me this is better than putting savings into a bank and wait for depreciation or some sophisticated financial instruments that I don't understand and lose my capital.
    Humm......sounds reasonable.... I will probably try to sell my unit for RM 150K-200K profits (net) next yr, failing which I will try to rent it out for RM 2-2.5K as you said. I see gd potential in Tebrau region, esp when Southkey & RTS (JB to SG only) are completed.

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    Default Re: Southkey

    Quote Originally Posted by RedsYNWA View Post
    Humm......sounds reasonable.... I will probably try to sell my unit for RM 150K-200K profits (net) next yr, failing which I will try to rent it out for RM 2-2.5K as you said. I see gd potential in Tebrau region, esp when Southkey & RTS (JB to SG only) are completed.
    rental with fully furnished or kosong?

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    Default Re: Southkey

    Quote Originally Posted by malpaso View Post
    rental with fully furnished or kosong?
    Furnishing cost still ok...I dont mind renting out fully furnished at RM 2.5K-2.7K for new double storey corner lot. Fridge, TV, washing machine, cheapo courts furniture dont cost a lot and can usually last 1.

    More concerned with reno cost for live-in....

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    Default

    LH or FH? I think that areas are leasehold 99 yrs. Correct me if I am wrong...

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    Default Re: Southkey

    Quote Originally Posted by IRONMAN123 View Post
    LH or FH? I think that areas are leasehold 99 yrs. Correct me if I am wrong...
    Heard that it's leaseholdof 88 years. After TOP, 84 years left. That's why I think commercial units is a better buy than residential here. Number 1 consideration of commerical units is traffic flow. The rest not so impt. This is from my experience in retail biz (for personal and company). And MY can renew leases one mah.....unlike SG....haha

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    Default Re: Southkey

    Quote Originally Posted by RedsYNWA View Post
    Heard that it's leaseholdof 88 years. After TOP, 84 years left. That's why I think commercial units is a better buy than residential here. Number 1 consideration of commerical units is traffic flow. The rest not so impt. This is from my experience in retail biz (for personal and company). And MY can renew leases one mah.....unlike SG....haha
    If buying for stay or rental I would prefer buying landed.. currently too many condos being launched. Too many choices for rental in future.

    Buy the land is still more practical especially in up and coming locations.. I agree that Medini is probably a bit too hyped up.. no offense intended for those who bought over there.. just my opinion.

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    Default Re: Southkey

    Mosaic SouthKey JB

    Went to Mosaic SouthKey OpenHse on Sunday 23rd July 2017.

    View few actual empty units n the 7th floor big garden landscape n also the 34th floor sky lounge or function rm.. lots of window n sunlight in living rm n master bd rm.. even d toilet has a big window meaning "almost" ceiling to floor window..

    99yrs LeaseHold. It's a new condo but the land it sit on is already 16yrs old. They wasted 16yrs. Left 83yrs bcos they started to build this condo just few years back. Most buyers r Malaysian.
    Last edited by ElfieFay; 02-08-2017 at 02:13 PM.

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    Default Re: Southkey

    Elfiefay and other buyers, interested to buy southkey unit? my unit want to sell cheap. Whatsapp +60196299950

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    Default Re: Southkey

    Who interested to buy southkey unit? Whatsapp me +60196299950

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