Seasons Garden, Wangsa Maju
Update: 27 August - got the invitation card to the official opening:
6th and 7th September at the site
Jln 26/26 Seksyen 10, Wangsa Maju
Per the card - 3 rooms at 770 sq ft and 3+1 room at 850 sq ft
Price starting from RM374,490 (Bumi price naturally :p )
Updated - go to Part 2 here
The developer of the Damaisari semi-Ds and shoplots of Dataran Wangsa have put up a billboard advertising a condo called Seasons Garden, also in Wangsa Maju.
Scant details - only a website inviting registration.
Trawling through the chatter on Lowyatt, there is some mention of an indicative price of RM500 per square foot. Maybe based on the theme of this developer of doing fairly high end properties in Wangsa Maju - well, technically Wangsa Melawati.
So where is it going to be?
I have 2 guesses on a likely site:
The corner of Jln Wangsa Perdana 1 and Jln Wangsa (a.k.a Jln 6/27A) - this used to be an oxidation pond but has been filled in some years ago. The funny thing is that there used to be a big notice there saying that it was now private property but that sign has now disappeared. It is a good sized square plot for a condo, excellent location as it is on the main road and within walking distance of the Sri Rampai LRT and Wangsa Walk Mall.
The corner of Jln Wangsa Melawati 1 and 3 - this plot of land has been empty like forever and has matured trees that seem like they have been planted. Maybe an existing DBKL tree bank or something. Anyway, the reason why I reckon this could also be a candidate is because recently, some land surveyors were spotted around there, taking measurements. This location is also not bad, in terms of being inside the residential area BUT it is right next to a huge oxidation pond so that's a no go if you're planning to build a fairly high end condo.
However, given that the name of this development includes the word "Residences" means that it very likely has a commercial title, not a residential one.
Anyway, let's wait and see. I've registered myself so will wait for the launch for more news.
Updated: 16 May 2014
Haha my prediction was wrong - the location is in Section 10, Wangsa Maju - Jalan 26/26
Location - right next to the DUKE Highway, land clearing already started.
Buy? Don't buy?
I don't quite like the surroundings there because it is already pretty high density and it is next to the highway - noisy and dusty.
Probably a good starter home for a young couple at about RM0.5 million - repayment per month should be around 2,000. So for a married young exec couple, this is quite 'affordable' - you need a take home pay of 6,000 (hence, gross salary of about 7,000) which is ok if both are earning 3k-4k each. Only catch is the downpayment, of course of RM50K.
Is it good for investment? Hmm... not so sure about the rental returns here, it's not for students nor expats. Maybe if you're planning to rent to working adults, that could work..
Buying to flip? Only if you have the money to hold it for 5 years.
6th and 7th September at the site
Jln 26/26 Seksyen 10, Wangsa Maju
Per the card - 3 rooms at 770 sq ft and 3+1 room at 850 sq ft
Price starting from RM374,490 (Bumi price naturally :p )
Updated - go to Part 2 here
The developer of the Damaisari semi-Ds and shoplots of Dataran Wangsa have put up a billboard advertising a condo called Seasons Garden, also in Wangsa Maju.
Scant details - only a website inviting registration.
Trawling through the chatter on Lowyatt, there is some mention of an indicative price of RM500 per square foot. Maybe based on the theme of this developer of doing fairly high end properties in Wangsa Maju - well, technically Wangsa Melawati.
So where is it going to be?
I have 2 guesses on a likely site:
The corner of Jln Wangsa Perdana 1 and Jln Wangsa (a.k.a Jln 6/27A) - this used to be an oxidation pond but has been filled in some years ago. The funny thing is that there used to be a big notice there saying that it was now private property but that sign has now disappeared. It is a good sized square plot for a condo, excellent location as it is on the main road and within walking distance of the Sri Rampai LRT and Wangsa Walk Mall.
The corner of Jln Wangsa Melawati 1 and 3 - this plot of land has been empty like forever and has matured trees that seem like they have been planted. Maybe an existing DBKL tree bank or something. Anyway, the reason why I reckon this could also be a candidate is because recently, some land surveyors were spotted around there, taking measurements. This location is also not bad, in terms of being inside the residential area BUT it is right next to a huge oxidation pond so that's a no go if you're planning to build a fairly high end condo.
However, given that the name of this development includes the word "Residences" means that it very likely has a commercial title, not a residential one.
Anyway, let's wait and see. I've registered myself so will wait for the launch for more news.
Updated: 16 May 2014
Haha my prediction was wrong - the location is in Section 10, Wangsa Maju - Jalan 26/26
- High density - about 1,000 units in 33 floor towers
- Sizes between 770 to 950 square feet
- Price estimate around RM600+ per square foot
- Leasehold
Location - right next to the DUKE Highway, land clearing already started.
Buy? Don't buy?
I don't quite like the surroundings there because it is already pretty high density and it is next to the highway - noisy and dusty.
Probably a good starter home for a young couple at about RM0.5 million - repayment per month should be around 2,000. So for a married young exec couple, this is quite 'affordable' - you need a take home pay of 6,000 (hence, gross salary of about 7,000) which is ok if both are earning 3k-4k each. Only catch is the downpayment, of course of RM50K.
Is it good for investment? Hmm... not so sure about the rental returns here, it's not for students nor expats. Maybe if you're planning to rent to working adults, that could work..
Buying to flip? Only if you have the money to hold it for 5 years.
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