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anyone own a unit in k residence?

i think it's finished. can someone tell me the occupancy and when it was finished?

I own a unit on the penthouse level (45 floor). its almost finished but not yet. I went up to take a look. They are still clearing debris and cleaning. View is spectacular. My guess is that it will be end-June to July at the earliest for handover. Maybe longer.

brian, at least one thing is for sure from your post re Damas - you are not the type of person that just says good things for the sake of it!

my concern with k-residence was that it was too near the twin towers. i went to the site a year or so ago.

what do u think? apart from that the location is great. r u going to stay there yourself?

and if u don't mind sharing, how much money do u think u will have made on it if u sold now?

thanks.

Hi Andrew,

1. K Residence is the only residential apartment with an UNDERGROUND direct link to KLCC. That's the reason I bought it. It has a unique selling point (USP). From a lifestyle point of view, with Malaysian weather, its the only residential unit where you can walk to KLCC regardless of weather conditions. So you really don't need to use the car or go through traffic. Even the Binjai can't claim that. Since I work from home,this is perfect for me.

2. The developer has a shaky track record and this project is already running behind schedule. However, I think the location beats the other factors. Property is all about location, location, location at the end of the day. Like I said, the view from 45th floor is awesome.

3. The second tower at K-Residence will be launched later this year at $2,300 psf (launch price). Four Seasons Residence (directly opposite) is also rumored to range around this price. I only bought the unit last year just before the RPGT was removed. I think it was a good investment. Yes, I plan to stay there ...depending on the how the finished product turns out.

k residence is now on my official 'do more research' list.

u make a lot of sense about USP. i've never thought about it (to be honest never really heard of the phrase when talking about property) but it's key. if u have a USP it means the appreciation could be so much more than if you don't, and when you come to sell it should be easier to find a buyer.

tx v much for the very very very frank advice. most owners can only say positive things about their own properties. but your balanced views are really refreshing and 100x more useful than most other people who are alwasy trying to justify an investment they've already made.

tx

Update:

1. collected the keys last week and was asked to pay maintenance starting 1 july. No CF is issued so can't renovate nor move in so I'm wondering what I am paying for.

2. Car park is not finished yet and all common areas are completely unfinished. e.g. gym, pool..etc. only 1 lift our of 6 is working.

3. part of my apartment unit is significantly different from the promised plan in the SPA. Waiting for their official reply on this matter.

4. delivery of unit is very late. was promised March 08 latest. Only got the keys last week.

Lesson? Beware of this developer. They are generating bad karma from me for sure. I hope they resolve it amicably. Await further updates.


The good news? I do like the unit a lot. The view is awesome.