Friday, July 6, 2012
Ayu Impian Setia Alam Official Launch
Perbadanan Kemajuan Negeri Selangor (PKNS) has sent out the Ayu Impian, Setia Alam launch event’s invitation email. If you have registered your interest (or just for information purpose) by filling up the form via PKNS website, you should have received the invitation mail by now. On the email there are attachment (see poster above) and a link which you will be brought to a page where you can browse for more details about this project.
For those who registered manually, you can expect to receive the mail invitation next week. You have to bring this invitation letter will a serial number and depending on the crowd on that day, you can only purchase one unit per person. Unit selection is based on First Come First Serve. I am not really in favour of this queuing system as one should come as early as possible to secure a good unit. Booking fees RM3k is required (previously only RM500) in the form of bank draft, cash or credit card.
The venue is confirmed to be at Shah Alam Convention Centre (SACC) at 1st Floor Plenary Hall.
I have received so many e-mails as well as comments in my previous posting, asking about my opinion on the feasibility of this project or in layman term - Can we flip this house? One should aware that you could not rely on 100% of Setia City Mall (SCM) factor which is now already in operation. I believe PKNS is now smart enough to add-in SCM factor increasing the price.
If you go for hold and flip (which I think you should consider this approach), there are several websites eg mudah, iproperty available that will provide a generic idea of the rental rates in Setia Alam (and the surrounding area). For empty unit, the monthly rental is around 1300-1500. At this rate you have to fork out 1k every month for the monthly installment.
Do your own study but the most vital thing is that Ayu Impian with this price, also faces stiff competition from the newly completed SP Setia houses.