To think that the rental will remain the same at RM1.6k for 10 years is really naive.

some rent as high as 1800, klcc view

So Wrong your calculation. How many owner never raise rental?

Assume, your landlord rent u 1600, and raise RM50 every 3 years.

For 30 years, you are paid the landlord at RM657,000 in total.

Raise RM50 every 3 years > total 30 year rental => RM657,000
Raise RM50 every 2 years > total 30 year rental => RM702,000
Raise RM50 every 1 years > total 30 year rental => RM837,000

U paid RM837,000 for rental and got nothing on hand. (assuming owner raise RM50/yrs)
I buy RM500k house, paid RM905,760 in total 30yrs (assuming interest 4.4%p.a.) got 1 property.

think wisely!

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Does not mean I have raise my lifestyle by owning this bricks n mortar condo which after 30 yrs is probably outdated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.

Agree. no need argue here. just choose whichever u think best...so long as dun regret in future...

btw, need to clarify, there still good children ie "ME" . i am not a son who ask my parents to pack their bag.....to leave.....i will take care them until they go to a different world....

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

well, u can always drive far away from sg.besi to a better school said in tmn desa...

or if u wanted to have better surrounding, can try buy an old unit in mont kiara..i think abt 680k can find liao..in front of international school somemore

if got money maybe can buy newer unit..abt 900k

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

Please work harder aim for promotion
So no need continue rent midfields

Enter school based on a person staying.
Really?

This post has been edited by airline: Jul 5 2012, 03:11 PM

maybe u shld identified which school u want sent your kid then look for property that area...

price of condo getting more expensive..if think that area not worth it...nearer to salak south, desa petaling condo i think 300k plus only...location also ok..maintenance also cheap 100+ can save a lot

Yes was told by many, the area u stay, when u register for school. The Govt School allocated will be from that area, u are staying.

TSI u are right.. ya.. actually the area of Salak South, used to be reasonable for Condo staying. etc. Bukit Gembira Condo... that is simple condo, for simple family with simple income to make a decent stay and good children to raise up.

Guess, my chat here is not talking about promotions to buy a condo. That's out of text.

My topic was talking about Condo Area vs the Schools of that Condo/hse area ( to bring up the kids).

Anyway.. i am beginning to get direct calls from REAL owners of Midfilelds ( NOT AGENTS) to ask me to buy their units, and prices are falling, and they are pushing hard to sell.

And now, if the banks are willing to give easy loans or only 70% or 80% only? or less?

last week my friend rejected a deal for 450k (pool view) he wanna sell higher haha

his unit is facing pool (consider good view)

i think those facing carpark can get abt 410-420k..tell them better sell coz block b n c will more units sell

ummm, Yes, u are right.

HOw much does those guys want from Block A SALES?

Bought at around 220 to 250K, and now want to sell RM460K? Buy 1 get one FREE MEH?

ummm, I got someone asking me to buy his unit directly face pool. high floors, 3R 2B, 410K and below, negotiable.
I still throw the spanner at him. I say, if he still can afford to pay the high monthly maintenance bill of RM0.30 cents per sq ft.
and not staying himself.. then, carry on la..
this is leasehold!. not freehold. Next, there is no UNIFI and NO Astro on Demand.
I want all these, but not offer here.. so, if i buy, i want to get UNIFI.. but at midfilelds don't have.
I cannot get fast internet HD Broadcasting on my TV, no HD ASTRO.

ummm, well.. the owner kept quiet.

ummm, wait lo..what to do... haha..

Gembira Residence is soon ready, at RM450 to RM600, many choices, FREEHOLD.
i am thinking there too.. maybe there more...

I heard it is RM0.35 ( maintenance + sinking fund )
for 1000sqft +- , = RM350++ , quite a burden ...

Yes ! It's not cheap the maintenance bill
I rent here. But ummm honestly
Block A is almost half empty
Block B and C not ready Yet!
The cleaning services around the open areas is NOT that great to say worth the 0.30 cents level !

Car park is not like the curve std color floors etc
Just cement floors for car park here
. ... If I own a unit I better hope I get level B for any car park floors because Level A car park levels get the noon sun till late evening as it faces West wards etc
Ok the car parks here When you drive up higher and higher levels , the levels are eg 2A then 2B and then 3A and then 3B and then another level up is level 4A and level 4B etc till levels 8B !
It's tiring to drive up to levels 8B !!!!
Sickening !!

Mont K 1 & 2 or 3 don't charge so high !
So if you are a single owner or two persons owner staying, the maintenance is high !

I did receive comments from rich readers chatters here who say its very cheap the maintenance bills charges just because they say so etc

Yet I do see owners driving perodua here and that monthly maintenance can well pay for a monthly Instalment of a new car with 9 years leasing ha ha

Well I am not the owners .
I don't bother ... If I am the owner then I make some request for lower when JMB takes over and whether JMB will want to upkeep those car park roof ponds which don't look so special to me

I am more worry of mosquitoes ... Will ask mgt to do fogging ....

Hi Citydude,

Do u have any idea why Block A is half empty and the occupancy rate so low?? I thought the building got VP quite sometime? As a lot of people said and I also feel that the location is very strategic n convenient.

i think got key in last year october, after rectification works aldy Jan 2012..renovation takes few months....

usually condo will take up 2-3yrs to fully occupy kua...


if u buy for location, why bother it is half full or not...


i drive pass to penchala...solaris and mont kiara dutamas..always no many units light up ( fingers can count la)..these projects aldy completed some times....

furthermore, these ppl who bought there afford to pay such price..so u can expect what grp of ppl staying there.....

it is no brain when some1 offer me to buy lakefield completed unit 3 yrs ago for 550k..now close to 800k..that is gain of 250k...
but i didnt buy lo

Well, This area, Sungei Besi Taman, isn't exactly the place for movers and shakers. So, there is no sight of taxi plying. No International Schools.
Owners buy for investment sake.
Prices in 2012, are hiked up. On a realistic situation, do you think, everyone is so rich as you? If the owners are willing to move in from their own place, then, sure, the place will be occupied. But these owners like others, think, when buy CONDO, its investment.
Now, this is no expat area. Do you think, anyone willing to fork out RM1600 to RM2000 for rental, payable by a local guy?
Will you rent at RM1800 being a local? I ask those people who say, RM450K is cheap, why not stay here? forgo the rental?


So, everybody is waiting for someone who willing to pay the higher rental, supposedly RM1600 to RM2000. Whether this place the location commands the rental, is another thing.

For any condo, I can say, i want to rent this price, just because, i quote its developed by who and who. etc. But fact is does anyone rushing in to pay rent for this price? well, occasionally, i see some Middle Eastern or african who's willing to pay for renting this location.

I being a local, is renting RM1600 for 3Rooms, stay alone. You think, many locals are willing to fork out RM1600 for this place? There is no UNIFI allowed here. No Astro On Demand. No Astro HD Broadcast. You go figure it out why. My SMART Samsung TV is now, unable to use fully because, i cannot MAXIS Internet, and UNIFI by TM is not allowed entry here.
I shift here, because i sold my ex hse, and need a space to put my ex hse furniture. If not because of that, i would have more choices of place to rent.

Access is OK, only morning when coming out of the exit to Cheras/Connaught/road, its jam packed as usual. The road to Midvalley takes time, as the entire road is choke by Jams Cars, etc. only less cars after 11am.

Now do you get an idea why the pick up is a bit slow?

Better buy subsales now
New launch next door New condo by ytl soon
End of the year or early next year
Price will surely be more expensive

Well, IF you know that there is such a property boom, would you need to work so hard and work daily?
buy 100 houses and wait for the kill... sell and make RM250K each?

The point is, at that time, RM550K isn't cheap too.

In 20yrs time, someone will tell me, the house i sold is worth RM10mil.. does that mean, i made a mistake?

that's 20yrs time.. and i am already 6feet underground. The money i collected from a sale, can well bring a better life, better health, better happy moments, less worry about future... and some money to travel overseas.
I don't think, if i use the money in 20yrs time, ( if i had not died), at late 70s years old.. would it bring the real meanings of youth, vitality, and happiness of being young to travel??

At late 70s, or 80s, whether i own 10 bungalows or just one 550sq ft unit, does not matter anymore.
They probably put me in a old forks home, a single tiered bed. A plastic cupboard. A plastic cup.

All those fine china ware i once love and care, are no longer important.

So, enjoy staying a good condo, if u can afford, enjoy the car you wish to buy, if u can afford.
No point, wondering if you had bought at 550K and now, 250K u made.
The point is past few years, the prices went crazy.

We were all caught by surprise.
One day, the speculators, will also be taken by surprise, that the prices start to crumble.