What's so great about kitchens cabinet ?
Partial ?
Don't consider kitchen as a furnished item.
Those older condo will include tv to dining tables to beds as partial furnished and fully means include
Kitchen utensils !!!

Condo in mont K provide all items and that's why only Japanese or expats like to rent in montK

Hei dude
You say you are renting at Midfields .
U got sign rental agreement ?
If yes , does your landlord issue you the monthly receipts ?

I asked my landlord to issue me receipts and she was surprised that I need receipts .

I told her that's because I signed the rental agreement and so I
Need for filing.
If no agreement, of course it's ok no receipts lahh
But we are asked to sign agreements

---

Added on May 22, 2012, 9:34 pmGo catch up with those agents at Iproperty web site
Shock herself with their High quotes and hike prices which many are saying its market price.

Btw, what is market price? The bank said so. Really??
Every month I see a bit cheaper. And sometimes another try sell even more expensive

Who cares. I wait . My choice.
Not in a hurry to buy high price and end up high bank loans etc.
It's going up?
Who told you that?
U believe?

I wait la.....

This post has been edited by Citydude: May 22 2012, 09:34 PM

The Salak South LRT Station to Midfields by walking? thats crazy... takes at least 3km away!!!

Would you walk 3km to LRT to work?
If u say yes... i salute you!


cheers!

From block A
Facing those walk up flats opposite is the most quieter section. At night, when I stand in my large lanai balcony, it's quiet. The sound from highway is not reaching this side.
At night, it's not hearing the highways cars. The 5 floor flats opposite are quite quiet at nite and so it's not a worry.

The new blocks high floors facing the highways I think will hear the vehicles that ply non stop those highways! From roof top of car park ( 9th floor) standing closest to the section facing highway, i notice that i can hear the cars noises from across the highways.

Renting a unit here la. ...

Anyone wants to know if Block B or Block C comes with whatever number of car park should call the developer directly, may I suggest .

No point guessing right.?

Anything I need to know, I always call up the developer and get past details and current details.
Facts are facts. The developer is very kind to always provide the info we need.

Hei.. can u sms me. yr hp. so that i can discuss on the right price?
If the right price, let's discuss.

Tq- Jeff

We are people who are waiting for a reasonable price for midfields.
We are not property agents. So who cares about highest price transacted as we find the current price unreasonable .

We wish to know the lowest transacted price to date so that any real buyers will be able to get a good deal at Midfields !

The lowest price is RM ???

ANY condo sold originally at e.g. RM250K and upon completed and handling of keys can sub sale at RM480 to RM500K/RM550K. Is this reasonable sub sale price?

If the view of that person thinks its reasonable price, then GOOD for him. Better he quickly buy cos its reasonable for him.

For me, I wait . No hurry. My choice.

Hei Man, u are right!!!!

I remember, back in 1997, sometime, during the crisis, i went to view Riana Green with a friend, under subsale.
There was a gentleman, whom we met, and he was in hot financial trouble, and he was so desperate for cash, to pay off his debts, that he offer my fren, almost 1/2 value of his property, if my friend were to give him Cash (Cash is KING) for the subsale of his property.

He was so desperate for the cash!!!!

My friend did not buy, as everybody was holding money for the bad economic storm. Instead, my friend bought Mont Kiara FREEHOLD area.
Looking back, anything can happen, if we are hit by economic storm, and banks who used to talk market value, is what value?
Lelong value? or during a economic crisis, is there such a word as Market value? I passed thru, the bad times, of 1997, 2008,etc. I saw what kind of mistakes can do, when plunging into the property investment can bring. Another friend bought some Bukit Sentosa shop lot in upper Rawang, and during the 2008 crisis, he was only offered a subsale of 20% of his actual Original Price he bought!!!. Nobody wants. Too many units up for cheap sales. His purchase was considered a total loss almost, can't even cover lawyers fees.

Times changed. People, especially, the younger (30s) guys did not kena economically by any crisis storm. They don't know, how difficult it is to cari CASH, when banks are not giving any further loans to help. To service loans, when losing job? Interest rates go up. Lelong signs selling hses are nailed on every other trees.
Unless, your daddy is super rich, and there is no such word as worry, and loans, exist in their category of words.

Just caution. Careful. Nothing wrong to be careful. A good buy, if u think, is worth, go ahead.
I am not in a hurry. I got some calls from owners asking how much i want. And i will make sure, i am the one who knows, CASH is KING!
I got a roof over my head. Buying another condo is subsale to me. Why hurry. Choose wisely.
Remember, in a economic crisis, resale for cars, houses, condo, retail, tour - all prices come down like hell!

Every weekend the papers show new launches past few months.....
Wow the citizens got so much money ahhh ? Already buying 3rd house ahh or 4th house ahhhh?

The banks so generously giving loans ahhh ? Higher and higher sub sales prices and agents saying its market prices wohh !!! "Market price wohh better not kiasu. ...rush n buy before it goes higher"
Is this the mood for investors? "Can get good rentals wohh???" " Buying condo weekly is like buying ice creams"

The tv news keep saying even big China is slowing down. India is slowing down.
HK retail affected. USA job stats in May is slower than previous months.
Greece problems infecting the Euro Zone. And we here in KL are gloriously not affected? Whilst every smart dude in USA or EURO jaga their wallets and pray that they will not be retrenched or cut pay or Stuck with sub primes, we here are busy shopping for investments and worry the market price will go up?

2012 is 100th Anniversary of the sinking of the great Titanic, I suddenly remember that.
In this uncertain world landscape, if it's landed property I dare to plunge to say its for the kids I bought for. And keep my old fingers crossed. And any wrongs is dying for the kids.

For buying condo, and saying its for investment, And thinking I can rent easily and use the ringgit to pay for bank loans and paying high maintenance bills, am I trying to be naive or pretending I am still a 25 yr old and got 30 more years of work to make up for bad decisions of loss due to economic crisis?

Meantime, the best investment I made in 2012 is a new ipad2, iPhone to aid me in my work and that's brings me better income. And one Bank gives good 3 months FD Promotions. Hold my $ there first and wait and see what's going on, ha ha...

Put it simple, factual in middle class condo investing.
The super rich we always hear about I guess are targeting London, Australia, or NZ .
These people with fortunes of above 5, 10, 20, 50 to 100 millions travel to these English speaking World capitals regularly for shopping and visiting kids. You think they are the ones who need to buy middle class condo between 250K to 800k levels??
You think they can live being neighbors to middle class neighbors without titles of Tuns, Tan Sri, to Datos titles?

These rich can buy super expensive condo costing 7 figures and leaving them empty for years. Does it matter to collect RM1600 rental like in middle class condo rentals for middle class investors?

The fact that people who buy middle class condo and still need to work to get salaries to pay up for the condo installments with bank loans shows these people are not the super class rich or super high class levels la....don't think those super rich need bank loans to buy RM 450k condo la. When the car park outside their giant bungalows already cost RM 800k to RM1.5mil each la... And the richer they are, they are best at accounting and definitely will not foot interest to banks for buying silly middle class condo for RM450k . If their rich young son wants, they just buy with cash to save interest!!!!

Back to reality here, we simple not super rich investors are careful because every dime, ringgit are hard earn money.
If the choice of buying a landed small terrace of RM450k in suburbs Selangor and buying a small size condo costing RM450k and making more comparisons of other condo within price list of RM300 to RM450k, we suddenly aware that our choice gets wider because we look beyond but same time STEADFAST in knowing we are not pretending that paying maintenance bills of RM350.00 to RM450.00 don't hurt our wallets!!!
It does and hurts! That, that saving RM100 of maintenance bills of condo, can buy a new pair of pants or a new shirt every month too. That sort of sacrifice, I mean .


What age group? I have colleagues who are 35 yrs old, and it seem they are even more cautious than me in spending money. So it's not so much the age group too. It's how informed and intelligent that person is to invest.

I don't have kids. I don't need to dream to buy for kids a condo from my savings and believing that one day, that in return, they will look after me, and that my next generations having condo as their heritage. That's bullshit.
I can rent midfields at RM1600 alone , 3 rooms for myself!!
Large lanai too. I take survey walks and sitting around the nearby Taman Sungei Besi little humble shops, where their customers are neighborly flat dwellers, Indonesians, and other immigrants workers from nearby backyards business recycle collection centers, etc lorry loading depots with busy forklifts till 12am in the nights at times.


Cheong hei here, but guys lets face reality - there is nothing wrong being kiasu to carefully buy or wait to buy.

Let those agents talk. Owners yet to come out to sell themselves. But ummm I did receive a few owners reaching desperately to me to buy their Block B units and I told them if they can continue to play market game or the bank loan game. They were speechless. And the super rich are snapping up homes in USA to UK as now with bad economy over there, the prices of condo to buildings are dirt cheap . They astute smart rich investors NOW pay half of what they Need than one or two years before!!!!!!

You see, the super rich don't get rich being dumb. They got one thing we seldom got. That's patience and correct attitude and they don't jump into the murky waters of the kolam mandi . Don't just get impress with beautiful looking pools of any condo laaaaa to buy. Can you afford to stay your self or u again opt for renting to who? Use caution . Use time. Use yr brains !

This post has been edited by Citydude: Jun 2 2012, 03:24 PM

Wow at yr age, you are wise

Ummm definitely, the rich knows the current crazy price up in KL valley are only sapu by locals opting to support the housing industry
They got options .
They go overseas sapu n still own prime world estate and still richer and nobody knows!!

We here think we are really rich.
So still paying car loans and suddenly act rich and go buy buy buy etc every week buy as if no tomorrow.
Someone pretending to me saying RM 450K is cheap!
I look out at what car he is paying and wonder if he still on car loan and still got 2 school going kids to raise.

Gosh !!!
That's really make me puke !
But these people got soft ears and listen to sales agents thinking suddenly they are rich by able to "own" one .
I ask " can you stay there ?"
Forget about the rental to pay your loan wohhh !???

Don't think the volatile situation allow the economy to be too depressed
The govt should be pumping cash projects to show good GDP etc
Only whether yr particular sector is affected or not

I am not going to compare that a condo in KL is still cheaper than in London .
But I think the rich is shopping overseas as its cheaper to them compare to years ago .

Similarly prices here are up can be really due to supply vs demand .
It may also be smarter prop speculators buying wholesale units in 10 or 50 units and reselling
On completion n marking up at least over 150k to 250k

Buy sapu many units at cost and sell push a " market price" to make profit
It's a business .

Mr Jinike,

Tq for detail explanation. I hear you loud and clear.

The other forum chatter said "to say we face slowdown, maybe. To say we face BAD Recession a BIG No"

You also think a BIG No too? Or ?
Yr views n comments?

Tq

"but, we can smell it, based on our past experiences...we can know what are the symptoms before big recession happen.... and now, I can only say, the big recession is not yet, but I can see the symptoms already.....this is what I can say"

The other chatter has mentioned that a recession to hit us being a NO!

If you asked me, we tend to see slowdown. Feel it? Yes. Today 2012 is not like those days of 1997, where the online world is only reaching the privileged and those privileged to know the signs.
,
Those 1997 days its like the titanic it hit hard rock and water overflow our heads and we just watch each other sinking or drown.

Today, with mobile broadband smart phones, info reach us light speed.
But it took a tsunami to rock Japan overnight everything including the car industry was affected, where imported parts to trades was affected. It is still recovering.

With an ailing EURO, exhausted USA, and slower China, our trade partners are not doing well. How can we be?

Back to our main chat here about properties.
We all agree that IF the buyer is buying for own use to stay.
Ave to good location. Helps his route to work.
Able to pay monthly maintenance condo fees.
Feels good. Even if next 5 years is weak economy and is not really affected.
Then BUY CALL.

But IF the BUY is to invest. To rent out to pay for the Bank installment. T pay for the monthly installment. And any loss of job or retrenchment will be at total loss.
And living to assume every year is better than last year and not able to withstand 5 years of slow recovery. Should you commit to a condo with sub sales over RM200K/RM350K over the original price ( original RM250k and now is RM450k/RM500K)

It is risky? Or should we insist that sub sales be lower . Yet the stubborn sub sales agent says. " Market Price!!"
The bank says Market price. The market says market price.
We closed another deal at this price last week. So RM500k is market price.

Gosh! That's the 6 million dollar question and answer.
Is this still cheap before its rumoured that someone wants to buy at RM550k now!
Kiasu buyer. GO BUY ?

Watch Bloomberg TV
What the news keep talking about past months.

U should know !!

Yea la. agree with you.. u see la. last month, i read the Investments news.. they say, BUY PLANTATIONS cos, Plantations is very safe counter. Export to BIG Brother China Market. Not enough supply sure, keep this Plantation Counter up and up.
This week see what happen? Suddenly, the truth is real. China slowing down. Need stimulus to survive their regime. How to buy some more? keep stock? aiyo. so much stock, no space leh...

So, its a global economic disease.
Once Big Apple sneeze, the world catches cold along. domino effect.

BTW, have u heard, a new condo ( 2 blocks) i heard coming out somewhere between that Danau Desa coming out exit to Smart Tunnel. Someone, sms to me. Saying there are two blocks and open for booking. its not cheap. Develper? he don't want to tell. Just say, its reputed one.
Design? also don't want to reveal. He just said, almost sold out woh.. now from 20th floor only available. Not exactly in Taman Desa la. but its that plot of land, after exit from Danau Desa to KL, to Smart Tunnel, after turning left. 500sq/ 700sq/ 900sq. Price: RM290K onwards.....

Ummm, i told him, if i am interested, i call.
GOSH< these people think, buying Condo with few hundred thousand rinngit like buying chee cheong fun ah? like means buy ah? no need to calculate affordability or validity .....

Now condo prices going fever high!

As if everyone in KL can afford millions a unit.
Developers launching more and more condo. Wow KL become city of condo, etc
Or every other guy earning millions. Can afford buy condo above millions la.

Ummm I must be the odd one out ha ha

It's ok
I don't believe in working till drop dead lo

I can afford what I can. Let it be !

---

Added on June 10, 2012, 6:21 pmHeard from someone
Some bigger companies make money when they go sales launches buy up 20 to 50 units or more.
They keep until completed n keys ready. NOW, they make money as sub sales push and goreng goreng price till reach 150 to 250k above launch price. Make tons for each unit. As they hold alot units up for sale.

After hearing, I guess it's up to prospects to decide.
If they think they generously want to pay so much more for sub sales, it's up to them.

Enough of comments.

---

Added on June 18, 2012, 12:35 pmTalking about crazy prices hike.
I ask one agent, how much, the Block B, Midfields.
He replied, the "owner" wants RM500K !"

I told him, "you think, the banks still so generous to lend such money to a already hike up property prices market?"
As usual, the Agent said, " Market Price la".

I said, if market price, then, I think, i settled for Gembira Resident, which is completing soon, its FREEHOLD, and less density.
Since its almost reaching this price or class.

That's crazy! Well, Maybe, its time, i drop the idea of buying. And rent and still enjoy the facilities. RM1600 (monthly rental) x 12= RM19,200
and if 5 years = 96,000
and 10years = 192,000
well, if i buy a RM500k condo, when bank loan over, i almost paid RM1mil.
Well, if i only rent, it means 808K in saved money, and i can use that money to upgrade my life with travels, buy health facilities, eat better, and don't have to Save so hard to pay house loan only and forgo all the best other things in life. By late 60s, if i have not travel to USA, UK, Switzerland, Japan, the the islands of the world, can i say i am a successful person in life? just because i own a condo only?

These owners or agents, think, 470k or 500K is market price, or they made the market price?
When the market slow down, by the next few months, the so call market price, also will slump down.

So, if i were in the investor owner market, i think, i sell fast, even if its just minus 50K, before, i end up with the original price, i paid for.
And nobody is interested anymore.

That time, money kept in bank is better investment than throwing into bricks and mortar ( Hses/Condo).

And for those other smarter investors, they can reinvest again.

This post has been edited by Citydude: Jun 18 2012, 12:35 PM

Well maybe they can raise the rental
Does not mean I have raise my lifestyle by owning this bricks n mortar condo which after 30 yrs is probably outdated

Many people forgo a better holiday in their productive years just pay condo Instalment etc thinking in 30 yrs they be free!

But if buy condo at 40yrs old and save and save and no USA trips because need to pay condo Instalment etc
By late 70s I guess if you ate still alive to move around and still can run walk climb etc yes off to USA for holidays !
If cannot , your kids should be packing yr stuff over to the old folks home !
That's still ownership of condo but replace with just a tiered bed and plastic cupboards as last years

I saw this happening even to rich owners
The end is not as prudent as owning smartly
I rather own nothing in end. But enough to enjoy life
Pay all my own and enough to pay hosp
Travels and donation to the poor

Life isn't just owning a condo if it's out of realistic reach
It's about living to live !

My 10 cents worth of thoughts
You don't have to agree.

U remind me of the filial son !

I don't have kids and a bit too late to have any.
But I have seen the worst and best types of children who are the adults now who only prey on their parents properties and after getting it
It's dumping time etc

I don't have parents anymore .
I don't miss my ex Hse or all the Hses I lived in.
Landed to condo etc but the most miss thing in my life is missing my mum etc

Missing the family food and missing the light in her eyes.
Today I prefer to live in condo because there is security to protect this uncle .
Read enough crimes where alone uncles get robbed and killed .

I remember the past . The huge vast gardens of my ex landed property where I can step barefoot on the Taiwan grass and smell the cut grass. I remember the beautiful flowers blooming and the shady trees planted by me .

I can park my car in the porch of landed property and no need to walk so far to fetch my car in the condo car park !

Those were good memories.
Now I understand that behind every wall
There is a story .

---

Added on July 4, 2012, 5:59 pmHi
Are you a property agent ?

You are the first person to tell me that Midfields at 450k is cheap!

If I am single and not couple with school going kids,
This place is so so despite no HD ASTRO and no unifi
Facilities .

But if I claim I got kids I would wonder where from here to send my kids from kinder garden to
Primary School to Secondary School.

Send them to nearby Salak south kinder gardens ?
Those secondary schools near taman sungei Besi ?
Does those schools or kinder garden match my requirements if a higher std class ?
Walk around here at Taman Sungei Besi
What class of society hang around here ?
Is this the place my kids will grow up compare to those lot of kids from Sunway areas to bangsar areas to Sri hartamas areas to Cheras hartamas areas ?

That's also such comparison to think of .

The sat weekly pasar malam at the dirty littered streets roads of Taman Sungei Besi rows of warehouses will give you an idea of the demographic profiles of the people movements here etc

Are you part of this fabric ?

That's my current thinking.
Whether to continue rent at Midfields or move out to the new Gembira Residence (G Residence) at nearby taman gembira n be neighbors of seringin residence and LE yuan residence and kids to join those established schools from that area etc

Am I naive to think about future schooling for kids for an area well established or just be surrounded by the fence like a castle mould inside Midfields while all around me within 2 km radius are societies from another strata group of societies etc

That's a hard nut to crack when each time I drive around this taman Sungei Besi and note that lorry drivers, flat dwellers, fork lifts drivers and Indo and bangla are the patrons at the shanty mamak stalls n another mamak shop and some simplified coffee shops etc



This post has been edited by Citydude: Jul 4 2012, 05:59 PM

The national school allocated for children to school is decided based on the location and not where you wish to go !

So that's why people select where to stay usually due to schooling of their kids

Mont K or international schools?
If can afford 680k and above., why the fuss of debating at a Condo site?

If I got 680K budget, I would not even give a wink to think of so much rational of where to school etc
The point is we normal working class are thinking a lot about where to school our kids or kinder garden .
Definitely not international school la we are not that rich la ....

This post has been edited by Citydude: Jul 5 2012, 03:01 PM