D'Demang

Launches and launches!

RM415K for double storey terrace, what did I say?

Seri Kembangan's BOOMING.

SPOTTED!

SPOTTED Website: Iproperty.com.my

Area: Seri Kembangan

Price: RM375,000

Type: Condominium

Tenure: Leasehold (Years Unknown)

Bedrooms: 3

Bathrooms: 2

Size: 1116 sq.ft.

Occupancy: Tenanted

Contact: Franky (016-6317202)

Considered it's furnished status and future potential, with an estimated RM340 per sq.ft., it is a considered a good deal, where it was still changing hands with RM300 per sq. ft for an empty lot in year 2010. Not a hell of a GREAT deal, but it's at least a GOOD deal.

Coming with air-conditioners, water heaters, sofa, dining table, kitchen cabinets and fittings, refrigerator, washing machine, TV, bedroom sets, wardrobe, etc, it's a big giveaway. With just Mines Shopping Complex a 5 minutes drive away, and the dying South City Plaza but booming Commercial Center just around the corner, that's almost everything you need.

Price - FOOH!

Rental Potential - FOOH!

Location - Double FOOH!

Furnishings - Double FOOH!

6 FOOH!s for East Lake!

PropertyFella's Verdict:

Traffic's still a bitch. With One-South coming up by either the late 2011 or early 2012, every automobile is going to be static during peak hours. You can be just 500 meters away from you condo entrance, and it will burn down your patient nerves when it takes 15 minutes to complete the journey. Tenancy will hardly be a problem. With Seri Kembangan being a hotspot of Work, Play and Fun, along with future nearby developments coming up shortly within these few years, it was definitely worth the price, provided that the traffic woes are solved.

Parc, One South Service Apartments

Looking at the lowest price available, the design of the structure, and then the brief overview for the project, and then the tungsten bulb in your head turns "FOOH! I am gonna get this!".

Well, stop the excitement first. We'll take another look on the location.

So it is basically alongside KL-Seremban Highway, and it's past the Sungai Besi Toll. A strategic location? Maybe yes. But a convenient location? Probably not.

First, if you are going to stay there, make sure you have a car. The Sungai Besi LRT is somewhere you'll sweat, and then it'll dry up, and you'll sweat somemore to reach. Second, if you are buying as investment for rental, the tenants are likely to be white collars working in Sapura or Mines, or probably students with own transports studying in SEGI, UNITEN or UPM with the word "Poor" non-occuring in their dictionaries, thus, you have to do your deed as a good citizen and PAY THE TOLL.

But look at the bright side, at least it's in the middle of many things.

Unless if you are working in KL, but I doubt that you'll be staying in Seri Kembangan for that. And take note that it's a service apartment, there are management fees to be paid and different legal terms to it.

Anyway, with RM301psf-RM334psf, it's still worth to take a look at. And I believe there are still room for the price to hike. For first time home owners, remember that you have the privilege of a 50% reduction in your stamp duty for home purchase below RM350K, at least it's a RM2K-RM3K savings.

Let's take a look at the other views.

Not bad right?

Pictures are always prettier than reality, and you don't need me to remind u that. Darn photoshop!

Well, it's launching this coming May, all interested parties, be alert! With a low downpayment of RM1K, a lot of property vultures are going to swoop it up fast.