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Medini residence...your township highly marketed here...
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Iskandar Residences @ Medini
- Thread starter westman
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posted in youtube in 2016....
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Most probably are agent with benefits. but its still publicity not many get though...
Went recently to see Iskandar Residences. Building up slowly..... The roads and whole place are really deserted.
Iskandar Residences up close
Empty road in front of the condo. Beside it is the Volt Corporation. Surprised to see construction has not started yet. Lots of trees still.
Ghost town??
1Medini condo completed. Really quiet with no one in sight. Fully sold but I could see a lot of empty units inside.
Iskandar Residences up close
Empty road in front of the condo. Beside it is the Volt Corporation. Surprised to see construction has not started yet. Lots of trees still.
Ghost town??
1Medini condo completed. Really quiet with no one in sight. Fully sold but I could see a lot of empty units inside.
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This was taken just opposite the road from Iskandar Residences labelled "A" in the satellite picture below. Lots of uncleared trees marked B and C also. Other empty plots not shown. Wonder what they will build next time.
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That's good. How can we check the master plan?
Ok Thanks.
Can I check with those of you who got Iskandar Res? Is a price of RM759 psf for 2 bedder considered high?
Cos I spoke with an agent today and he was shocked at the price. Said very high price. The surrounding nearby condo units were bought at only RM500-600+ psf.
Can I check with those of you who got Iskandar Res? Is a price of RM759 psf for 2 bedder considered high?
Cos I spoke with an agent today and he was shocked at the price. Said very high price. The surrounding nearby condo units were bought at only RM500-600+ psf.
This sounds trouble..:( coz I believe many of us bought at even higher psf$ during launch...around $800-900 psf:(
Thanks guys, for sharing.
comfy: Huh, during launch it's already RM800-900 psf? I don't think it's that high.
But one thing for sure, I.R. was priced by developer to be even higher than the nearby 1Medini and Medini Signature.
An agent told me 1Medini is having a very hard time with rental. It's a fully sold project, hot when it was launched. Some owners desperately trying to offload now at RM650+ psf but no luck. I think it's on a high side. They bought at RM500+ psf I think.
comfy: Huh, during launch it's already RM800-900 psf? I don't think it's that high.
But one thing for sure, I.R. was priced by developer to be even higher than the nearby 1Medini and Medini Signature.
An agent told me 1Medini is having a very hard time with rental. It's a fully sold project, hot when it was launched. Some owners desperately trying to offload now at RM650+ psf but no luck. I think it's on a high side. They bought at RM500+ psf I think.
A recent offer @ RM570,000 for a 873 sq ft @ 13th flr, asking price, so negotiable!
So works out to be RM653/sq ft, if still can't sell for another few months and more other sellers joining in, probably will be asking for RM530,000.........
http://www.tophills.com.my/Real-Estate/MEDINI/Apartment-Condo-Flat/Property-2016020076.aspx
They have the first advantage to sell compared to other projects still under construction. But it's simply not moving cos the location is isolated. In a market with lots of choices, buyers are spoilt and can choose.
I heard the few very desperate ones are trying to sell at valuation but still no buyers enquire.
I suddenly realize why 1Medini owners are trying to sell so much higher even though they are desperate to let go their condo units.
I believe this project was launched in 2012. Exchange rate then was about S$1=RM2.42. Converted to today's value, they have lost about 19%! This affects especially those who paid in cash.
So those who bought say at RM550k, now they have to sell at about RM655k to just break even or make a bit of loss.
Tough luck. Hard to sell at this sort of price.
I believe this project was launched in 2012. Exchange rate then was about S$1=RM2.42. Converted to today's value, they have lost about 19%! This affects especially those who paid in cash.
So those who bought say at RM550k, now they have to sell at about RM655k to just break even or make a bit of loss.
Tough luck. Hard to sell at this sort of price.
If projects in choice city area like the Princess Cove and Country Garden, 3 years after launching plus aggressive marketing in the region are still trying hard to sell the balance units, you can quite clearly see the current market condition.
Its better to have some spoilt for choice buyers hunting around for bargain than no buyers enquiring at all.
Yes market really bad. Actually from what I was told, there are no buyers at all even at reduced prices. Only very few tenants asking around but finally most ended up renting elsewhere.
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