Renting a unit at Midfields. Block A.
Still not occupied, despite already handed keys months back.
Rental still high for this area, and locals executives may not afford the rental average RM1500 to RM1800 (rather high).

I think, the Subsale will ease, and price for units will fall.
The hike of units, is actually due to Agents, pushing the unrealistic price.

I think, with more added units to the market ( Block B/C< the price of subsale units will lagi fall, etc.

Who's going to buy a subsale unit at RM450K, when u can buy new ones from new developers pricing, and enjoy early bird discounts, etc.
Bank loans are hard to come by, with a tight economy.

If you are not with family, then, condo living is ok

if with plans to have kids/bigger family, condo lifestyle, and limited space, walks to car parks a distance a way, is not too appropriate.
U are paying high maintenance fees monthly, which the fee can be used to buy another smaller perodua with a 9yr loan, instead of paying maintenance!

umm, there are some single story terrace houses in Happy Gardens, nearby, sometimes, up for grabs, and u can buy one, and do good renovation, to have that good feel too, and park your car right in front of your porch!.

umm, such single story can still be selling around RM450k too.
You can get double story at Pdn indah areas, with nearby good public facilities.
Its all whether u want. If you are buying due to impress by good pool, and landscapes, then, its very easy to sell you new condo cos, most buyers are young people who are easily impress with pools, and dreamy landscapes, etc.

I am single, and i choose CONDO life, cos, I need the security to take care of me, as there are no others at home.
I can pay higher maintenance fee, and no need to pay for kids education.

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Added on May 7, 2012, 9:49 pmIf you are not with family, then, condo living is ok

if with plans to have kids/bigger family, condo lifestyle, and limited space, walks to car parks a distance a way, is not too appropriate.
U are paying high maintenance fees monthly, which the fee can be used to buy another smaller perodua with a 9yr loan, instead of paying maintenance!

umm, there are some single story terrace houses in Happy Gardens, nearby, sometimes, up for grabs, and u can buy one, and do good renovation, to have that good feel too, and park your car right in front of your porch!.

umm, such single story can still be selling around RM450k too.
You can get double story at Pdn indah areas, with nearby good public facilities.
Its all whether u want. If you are buying due to impress by good pool, and landscapes, then, its very easy to sell you new condo cos, most buyers are young people who are easily impress with pools, and dreamy landscapes, etc.

I am single, and i choose CONDO life, cos, I need the security to take care of me, as there are no others at home.
I can pay higher maintenance fee, and no need to pay for kids education.

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Added on May 7, 2012, 9:53 pmWonder when we residents at Midfields can have ASTRO FULL HD?

The present/current ASTRO service is the normal one, and no HD.


This post has been edited by Citydude: May 7 2012, 09:53 PM

Some single story terrace in Bangsar sells for RM600k and above. That's not low class prices i think.
Anyway. All about yr age group. If u are young, and single, you go for the life style. To feel you have arrived, and want to be pampered.
Once, if u have reached older late 60s onwards, and poor leg strengths, and frail health, a single storey for the older folks, is easier to move around the hse, no need to climb stairs, and easier to wheel the wheelchair.

That is what i think, no one will doubt that. Bungalows, terrace, condo and 4 storey mansions - each should appeal to the person who adapt to his own use.
The young, the middle age, and the later aged person all have their needs and version of the ideal home.

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Added on May 7, 2012, 11:20 pmCalling Midfields Tenants - any way, we can rush the Mgt to get work faster with ASTRO to fix the ASTRO HD install in Midfields?
Our new LED TVs or Smart TVs are not put to good use.

Any suggestions?

This post has been edited by Citydude: May 7 2012, 11:20 PM

Yes, Condo which are friendly to old people should be considered. e.g. Parks for walking. Less high steps. No slippery tiles. and good security to protect the old folks from robbers. and lastly, a good son to pay for the monthly fees for them, or a strong bank account to sustain the years of high maintenance fees!

And nearby to Hosp too.

Not necessary be Bangsar single terrace as ideal place, its about hunting for one, appropriate for the older folks, and affordability.

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Added on May 7, 2012, 11:34 pmCalling Midfields Tenants - any way, we can rush the Mgt to get work faster with ASTRO to fix the ASTRO HD install in Midfields?
Our new LED TVs or Smart TVs are not put to good use.

Any suggestions?

This post has been edited by Citydude: May 7 2012, 11:34 PM

I asked a few "Property Agents" as listed in Iproperty web site covering Midfields subsales.
Telling them if can look for me units costing
380k to 400k
. They can't even bother to talk further.
Are owners at their mercy to sell units thru them?
How can we reach the actual owners to sell or buy their units with realistic prices and our real interest to buy.

It seem like as if we cannot reach the owners by ourselves and strike honest real deals win win buys!??

Not to forget that buying subsales, the 2nd owner may lose the original guarantees of the unit quality as enshrined in Sales n Purchase Agreements by original owner with developer?

Well, takes a desperate subsale that did not do his real homework and desperately bought the high price unit!
And so, the entire group of Agents will based this transaction as the initial benchmark price for all units to come.

But when the dust settles, only one or two desperate sub buyers did it.

The smarter and honest buyers are waiting for the dust to settle, and only when real prices are shown, and we can only wanting to commit with that bank loan.
Not to forget, that if that unit is now RM450K, and after complete bank loan is settled, that unit in full payment comes to RM900K estimated.
worth it? you guess!

I was rather amazed that some even quoted RM3000 for rental in this area. For who? locals? foreigners? or the Japanese Community ( if there is any sign of Japanese School here)

At the end of day, if for own stay, whatever the price is OK, if u are OK with it. If you are thinking of high rentals, you think, a local will rent RM3000 to RM5000?

I like your words - Padam Muka!.

Hei Bru,

You think 400K is the right good price for Midfields?
Block A when it was originally sold was selling under RM250K, and now, quoted selling at RM400k++ to RM500K etc.
Ummm, maybe, earlier, we should buy few units and not need to work in the office to earn hard earned money.

One unit can earn RM200K profit, 5 units RM1mil. why bother to work ah? ask that smart question inside yrself!
I will wait till the price is really realistic. No point i show off by buying a high price unit here, and end up with a high bank loan for this life time.

Like that other smart reader, he says " padam muka"

This post has been edited by Citydude: May 11 2012, 01:10 AM

I visited Seringin Residence and Li Yuan Condo for sale. Both are "premium" condo for sales, and bigger units, etc
Prices range above RM500K onwards. The quality, design, and size of master rooms are a blessing!

I think, each condo has its targeted market and positioning.
Location, and target audience to match its price and quality are basic elements to pricing levels.

Yes agree the maintenance for MF a bit too high

U write with sense n facts to
Back yr comments. I like constructive comments. Tqvm for the research info.

Currently I am renting MF and using my tenancy to decide if this MF is worthy of my $.

So while staying, I can really based my judgement n not emotionally affected as a first time visitor and impressed.
My inner voice telling me to wait and not jump start my decision to buy MF.
I want my expensive condo to have ASTRO on demand or HD and offering fast fibre optic Internet like economic proven unifi etc
Both are not available yet.
I still cannot subscribe to ASTRO HD broadcast here at MF and wasted my Samsung led hd smart tv I bought when moving here .

There are no proper organized mini marts within the area nearby to do good groceries shopping except that 711 shop outside Taman Sungei Besi
Etc lorries and ware housing n dangerous fork lifts ply that small access road from MF to Taman Sungei Besi town.

I still think that MF current quoted prices from owners or others sellers are over priced and should be lower.
Vegetation and landscape aside, I am only prepared to pay so much lower within 330k to 375k!

Don't compare with Seringin and LE Yuan la
Both are different class with MF !

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!!

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 !

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.

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 !

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 ?

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.

Yes I am dreaming of ASTRO on demand services ands cheaper Unifi at midfields.
Don't think they will ever instal for a long long time.

Umm I notice the lift inside are not wipe well to look clean and shiny, any one notice that?
So I will not say that it is all super shine here.
Cleaners are only mopping the main hall area at G floor outside the lift areas but not inside.!

When Block B and Block C comes in place, I wonder if they will increase more workers.

My rental is RM 1600 Block A Lower Floors.

I am observing midfields and got a few months till end year to decide to buy or buy elsewhere etc with the same hike up price subsales.
Ummm the Master bed room at midfields is very small. Don't think can really walk around well if put in a king size bed, and 9 ft ward robes cub board. It's really tight space.

Am looking elsewhere like G residence, or Lee Yuan.
They have large master bed rooms and Freehold!!!
And also good looking pools to match and nearby OKR areas .

If Midfields drop to reasonable RM 330K to 380K, only I think about it.
After staying as renter, my eyes adjusted to the place. And not easily impressed like a new visitor.

To my opinion, the rent pick up rate at midfields is quite slow so far.
To any condo renter, all condo have pools
All condo have ave security services
MF is just a middle class place. I don't think, my head suddenly swell to believe that I am a high class snob.
If I am really rich, I be staying at ampang hilir, KLCC areas, Kenny hills or Bukit Segar etc.

Hei bru,

How much are you renting yr place in midfields ?
Block A which side ?

Cheers
Jeff

RM 1600 I renting
A bit high
Should be RM 1350 to 1450
Just kitchen given
No fridge
No cooker
No washing Machine
No furniture
No beds in all rooms
No ward robe
No TV
No shoe rack
No water heater

Parking given at 8th floor
It's makes me crazy everyday driving up and down the tiers of parking etc !

Air con for Master bed room and hall are provided by default for purchaser when they bought Midfields
And fans I think .

So minus the fan n air con n kitchen cabinet
It's almost empty !

So that's all folks
U think RM 1600 worth it ?