For your own stay, of course choose Seringin.





This post has been edited by idoblu: Nov 26 2012, 06:13 PM

Pick Central Residence
maintenance only RM0.25 and just won 3 international awards a week ago and many awards in the past. it is FREEHOLD. And more. check it out ya.

but it is freehold. got shuttle bus service. good security. many award winning projects currently and previously. can compare and consider all these points also. soho is slightly expensive..now second phase is "the court" is residential one

so you will be our " MF indicator " there haha...do keep us up to date the current living environment, and experience staying there, I am curious, that for block B and for those Block Facing East, it is too near the road...will it be any noise ?

good idea haha, stay there 1-2 years, familiar with the surrounding amenities 1st hehe....i basically quite familiar that area, since it is near my grandma house is salak south , and my brother shop at salak south garden ( just behind The Leafz ) same row with magnum4d and fei lou mok
this area is quite convenient, nest in the middle of city, easy accessible, to KL, PJ, Old Kloang road....if we buy, just becoz of buying the location only, for me, if buying, is just becoz of location, the design of the MF not attractive, and the concept and facilities also not attractive...and now selling RM450k +- ....

good info ,haha ...u buy any unit there the SA from seringin sms few days back, there are few unit open for public due to loan reject, 9th, 11th floor, facing pool view....1800 sqft...RM952k.... still consider ok la...haha

anyone got pics of the facilities...e.g. gym, spa, courts, pool?

I apologize for going OT and posting this in the Midfields forum.

This post has been edited by idoblu: Nov 26 2012, 06:12 PM

Hei Bru,
You are giving real time reports !
That's good for us serious would be buyers. I can read that you use yr deep insights to give comments and not just talk like amateur eyes that get easily impressed by pools, lightings, glass look, greens Eco landscapes camouflages, etc
Straight to the point observation is what we want!

Honest practical comments is wanted here. Thanks!!

Rm 380-400k face car park maybe have

Any situation - cash is king !
We got choice to make our decision .
The economy is not 3 years ago era with tons of positive news. Banks are careful with loans.

I am not going to join the bandwagon of desperate buyers whose usual reason to buy is
"investment" . Where else to put the cash?
Bank FD interest so low and so better dump into condo la. ... And keep saying n amusing
Themselves with phrases " wow...got so many facilities, huge pool, special kitchen, waterfall or bridges" to justify paying 700k or 900k la "

But forgot to ask if really for investment would mean that that buyer is only opt for renting it out and staying put in his her own current Hse.
If that location is not a Japanese/Masaleh resident area, how in the world would local investor easily able to find another local to pay rentals of RM3500 to RM8000? Since that property already bought at RM700k to 900k upwards?

Maybe a good excuse to try find rational is saying " it's for the rich kids of mine "
That explains why rational vs logic is not used !

Anyone looking for this condo ?
I got 1 unit KL view corner unit want to let go, 450k
high floor, best view

negotiator here,
PM

Bowie
Property Champ

This post has been edited by big2me: May 19 2012, 02:42 AM

700k installment is 3.3k
Quite true locals won't pay 3.5k
Maybe 2.5 k can afford
This condo now around rm410k-rm450k
Justify

RM2.5k is affordable you think?
Sure or not ?

RM 1600 offer for renting at Midfields already still half empty for Block A .
I think you are using the " I think"
In reality , it's not inclusive of other payments such as
Monthly maintenance for the owner.
700k loan at RM 3.3k only ?
How many years ?
Any guy who brave enough and able to purchase
Homes above RM 700k cannot be under 48yrs old
Apart from Hse payment , the kids university edu and other household expenses ?

If someone can guarantee me a rental of RM 2500 for my unit at Midfields , I be confident to buy a unit cause it's already got RM2500 rental now !!!
Sure or not ???

I wish . A dream -ahhhh.

I suppose u don't own any houses?

Typically a new launch condo will take more than a year to reach maturity in terms of occupancy rate. It's still to early to judge.

700k property = loan 90% 630k with 30 years and below 5% interest = approx 3.3k loan repayment. It's doable for a dual-income family in KL.

Don't think Midfields rental can reach RM2500 right now. Not until Midfields square and the 1-acre private park are ready anyway...

30 years loan can only be for a Midfields buyer at 40 years below .
If the buyer is past 50 years old, the max tenure loan can only be 20 years loan .

As for future, it is too far to predict.
Most buyers at Midfields I think are not own stay residents but investors.
So that explains the many empty units!
Talking about investing now.
And not next 2 years when the other parts of project being completed. Don't think the existing completed owners can wait that long holding an empty unit and paying high monthly maintenance bills and installments bills .

So that's the catch.
Those who cannot wait anymore, just sell and get some money and not let the agent raise prices till they are not realistic and unsold units for a long long time. Unless you got tons of money and cannot be bothered . Then why bother to rent ?

Being a renting tenant at Midfields, I think I can see the good points and bad points of staying here very clearly than a mere 1 hr visit here with property agent to show me the whereabouts n get easily immersed by simple landscapes n trees and ponds etc

For me, my own verdict is
Wait and see and hear
Cash is King still .

Don't think I wanna stay in a same condo for 30 years no matter where it is .
Condo generally to me has a good lifestyle life span of
10 years before looking old and maintenance.
After that, it's time to change venue and refresh myself ( if I can still afford or move on with
travel life ).

If the condo buyer is 30 years and below,
Sure he can well continue and complete his 30 years loan !

First owners price rm190k
Installment for u to figure out after minus downpayment

Tq info
If its really 190k for first owners
They trying to sell at 450k means over 200k profit

But my Neighbour at Block A
Large balcony type told me he bought for around RM 260k

Ummm so the materials used are related to that original price right ?

Those new launches selling at RM500k n above are using more quality n higher std building materials !????

What you think ?

not necessary.. property price is driven up market force (supply and demand), and also due to higher construction cost like building material and land cost due to inflation and limited land space which makes land precious..

some developer might use better material and charge buyers a premium while some uses normal material for cost effectiveness so that buyers are not burden with high prices..

---

Added on May 16, 2012, 6:40 pmyea.. earlier owners can afford to hold longer due to lower month installment.. some are no rush to sell and cash out..

This post has been edited by twincharger07: May 16 2012, 06:40 PM

Nvr heard of those units priced at 190k I was there during their initial launch all was about 220k to 260k for Tower A. Could be wrong though....

Anyhow I think it's really somehow irrelevant to even discuss the occupancy rate of a condo when it's not even a year taking into consideration Tower B and C which is still ongoing. Typically it would take from about a year to 1 1/2 year even so...prices won't drop much probably a few units of fire sales.

Just have a look around the current market KL City Centre all the condos are not even half occupied some even worst? Are the prices dropping nope! It have stabilized now at the region of 850 - 1200 psf. Mont Kiara same as well most of the new condos are the same....Bangsar newer condo such as One Menurung also the same wat....same goes to YTL development in Sentul such as Saffron, Tamarind and Maple.

On maintenance fees those that are priced at 0.20 psf for high end development usually doesn't make much sense especially when they incorporate beach and such. It's just not enough when working out the calculation but the justification have been during the first year it should always be lower during to the warranty period for most of the items. Anyway upon forming the JMB after a year then most of the residents will realized that....when maintenance are required usually around the third year...thats when they increase it internally. Anyways for me I think it's always worth paying more and making sure it's maintained well it's just a small amount to make sure the development retain it's value as years progress. No point complaining over an additional 100 bucks every month...while the development it so badly maintained that eventually effects the subsale value. Anyhow if anyone is worried about how the money is being used then go la to the AGM and check the account and question how the expenses is used. That's the reason for it afterall....

One thing I can assured you is that we have somehow been really puzzled at how YTL priced their properties it's always cheaper if we were to compare when working out our feasibility studies. A typical construction cost for a condo now for medium end is around 200 - 350psf higher end can reached 500 or higher psf depending on the finishing. Not
taking into account for land cost, consultation fees for consultants, architects and all....it's really not much to be earned. Its probably because of their own construction arm and raw materials that could have contributed to their pricing....and as rumors 'they are making profit in a region of 15%-18%' which I still find it hard to believe according to my friends working inside. Their reason have always been development have nvr been their core business and it's just meant to compliment their brand...I dunno I leave it to you guys to decide.

That's all for now...happy investing.

0.30 for maintenance is still consider expensive at current levels of charging a high density development.

Yes a good positive collection figure is essential for keeping the premises in good condition. It is a good JMB Management to ensure continuity of the installed services or put new services.

Well, about the vaues of condos or properties in KL has stabilized, it is because so far, the economy is NOT HIT by any major downturn of the Share Market or overall Economy. etc. I remember back in 1997, when the economy crisis hit the property market and share market, the properties prices plummet so low that anyone with cash, can really "sapu" the share market or houses or condo and today, he is definitely a millionaire or billionaire, etc.

What everyone fear recently is a slowing down of the world economy, and uncertainty of the world financial crisis, which may hit our shores.

IF, IF this happens, whatever stabilized properties will crumpled to bits, and "LELONG" signs will be nailed to many tress in our communities or lamp posts.

My 10 cents advice:
So, if you are so rich, sure, buy for "investment". leave it empty, for weekend parties, as your neighbors are more richer than you, and they don't bother to stay in such small condo. they got their large 5 story bungalows to enjoy!

If u are just anyone, buy to stay, at the price of condo, u feel u are comfortable with.

If you are the careful and prudent kiasu investor/stay in buyer, stay calm and cool. what goes up, can come down. Home prices works in tandem with the economy.

At the end of the day, a condo or house is just bricks and mortar.
Without love and inner peace and happiness, owning 100 houses can never bring the joy and completeness.