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 Midfields by YTL, Anyone know?

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Dwango
post Nov 2 2012, 09:53 AM

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QUOTE(ts1 @ Oct 23 2012, 04:42 PM)

i think if any1 here can find a 450k unit facing KLCC faster grab it b4 the shoplots handover..i think will create more value to the community ..
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Faster grab? Grabbing properties is not the same as grabbing newspapers. Anyway I agree that shoplots will create more value to the community but in terms of living comfort, usually people who want privacy and quietness would not want their units to near to shoplots. From what I know some of the units in Midfields are facing the back of the shoplot, an eyesore sight especially those living at the lower floors ie. ground floor to 6th floor.

Quite many units in Block A still unoccupied after handover for so long, which is quite a surprise. Don't know how will owners or speculators who bought units at Block B and C will cope. Personally 450k is too high for Midfields. Should be around RM400k or lower, but if speculators don't have the financial capacity to hold the units then we might see a lower price further down the road. Having that said, the shoplots may help a bit in terms of appreciation but not by much, considering the selling price of Midfields is inflated.
Dwango
post Dec 6 2012, 03:15 PM

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QUOTE(cruger12345 @ Dec 6 2012, 02:33 PM)
I don't get what you mean by the price have been inflated. I am current staying at Midfileds. To say only 1/3 of the block A is occupied is an understatement. I am quite sure it is more than that. Not fully occupied ? yes. but to say only 1/3  is not acurate. At least my floor is fully occupied. If you say 400k and nego.. I please please pm me the number if you don't mind. 400k for a place like Midfields is good for own stay. I have friend who is looking for a place at Midfields. The rental might be low, for own stay it is to saying said " mana mahu cari " .... Take The Zeva and Puchong South for instant, it is selling at 400-430 sf which need to be completed in another 2 years. Location wise, Midfields has access to town center. Yes the surrounding is as good as Taman Desa. But it is rather hard to find a condo with this price tag with such a location. 5 min to Midvalley. 10 min to KLCC. 2 mins to Seremban highway and Mex. 3 mins to jalan tun razak heading KLCC. 3 mins to Best Raya highway. The rental is about RM1600. yeah it is a low. But again ( for own stay ) if you are renting a condo with such facility in Taman Desa it is about Rm2500. I have a friend renting at that price tag in Casa Desa. Yeah Taman Desa is better but is the Rm2500 in comparison to RM1600 is something to be considered. By the way DIBS is not something attractive if you are going for a 70%. If fact you should not take DIBS if you are going to take 70% loan. normally developer will give further discount if you are not taking the DIBS. And developer will assume that you are taking 90% loan to offer you the DIBS. Please PM me the contact number. I want it. 400K will be a steal in my opinion. Thanks.
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400k is not a steal since launching price of Midfields just about 1.5-2 years ago is only 230k-250k. The fact that there are still many unoccupied units at Block A despite handing over for so long suggested that most buyers are mostly speculators looking to sell/rent and not those looking for long-term stay. It may not be 1/3 empty but surely around 50% +/- empty units, not taking into consideration the number of months Block A has been handed over.

Also, from what I understand there are quite many people renting at Midfields Block A on temporary basis and not staying there for long-term. Accessibility to KL is good but the environment, it depends on the individual. The surrounding area is quite run-down with batching plants and small scrap yards. Witnessed some serious flooding in Midfields too in this rainy season with water flooding at ground floor walkway caused by the low land coupled with poor drainage. Elevated car parks do not have scupper drains along perimeter and whenever rain splashes into the car parks pools of water will be on the floor as there is no proper drainage.

Once the shophouses are completed, several units facing the back of shoplot will have bad view which will affect resale value, unless one doesn't mind looking at the rubbish bins and unsightly view of back lanes of shoplots.


Added on December 6, 2012, 3:42 pm
QUOTE(jumbogem @ Dec 6 2012, 02:03 PM)
you are definitely right,
the price can be simply stated by the agent or the owner as they wish,some even ridiculously offered 520k for the smallest unit with nirvana view .
and is depending on the owner's holding power and also the buyer's buying power as well.

if the owner can hold for long, perhaps they are able to wait for another 1 or 2 years.
but i believe there are quite a number of speculators around just like some forumers mentioned before, Block A has been handed over for quite sometimes but the occupied rate not more than 1/3.
they might be coming out the ideas of renting out those units if the owner unable to sell them,
but there are almost 300 units to be rented out, so is competitive too.

some agents will comes out with sort of gimmicks saying that after taking CF price will increases or after shop lots finished price will increases.
is it really so?we don't know.

we just know, if the owner does not have a holding power, he will even let his unit off even the selling price lower than his purchasing price.

just like what i encountered recently.
an owner insisting to sell his unit at 470k with pool view but one parking 6 months before.
after half a year later, he called me up personally asking 400k nego.
and my phone is blasted with agents calling me up to purchase Midfields
the price they offered are actually much lower than what they offered me 2 months before, to be exact some of them are 30-40k lower with better location and some with 2 car parks.

so taking CF might can be a bad day for most of the speculators.
as the price is stagnant and there will be hell lots of new launch condos offering tempting packages, such as DIBS, free spa and so on.
if you are not eagerly to get an unit to stays, is not encouraged you to buy subsale.

year 2013 will be definitely a bad year for everyone.
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Agents will have their tactics for sure as they will do whatever to secure sales. They need to sell for a living. Anyway it is better than I don't write too much as there are many agents lurking around here who insist that the price will breach RM600k soon.

Yes, I agree the 1st quarter of year 2013 will be very slow. In fact some experts and the media have highlighted on this expected situation in the property market for next year, unlike the erratic or should I say drastic booming in 2009-2011.

This post has been edited by Dwango: Dec 6 2012, 03:42 PM
Dwango
post Dec 19 2012, 01:03 PM

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QUOTE(Law2son8 @ Dec 17 2012, 11:05 AM)
It is a good property but maintenance is a bit high at 0.35 psf.
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It's not a bit high but very high. Most higher-end condo developments are in the range of RM0.18 to 0.22 psf only.
Dwango
post Dec 19 2012, 03:31 PM

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QUOTE(nookie188 @ Dec 19 2012, 03:00 PM)
no lah, am paying already 35 cents for  condo in KL below 500k type..
high end you mean like klcc type ke? that one where got 18 sen to 22 sen..?? that to me is high end..
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Which condo you are paying 35 cents maintenance fees?

I wrote higher-end condo developments, which means higher-end than Midfields. Original selling price of RM500k-800k condos with maintenance fees 0.18 to 0.22 cents.

Midfields original price is RM230k-250k. RM0.35 cents is high.
Dwango
post Jan 3 2013, 08:07 AM

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QUOTE(ts1 @ Jan 2 2013, 03:21 PM)
why so fast got buyers? i thought block b n c just released...
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You appear to be surprised? Potential buyers only. Wait several months and see if the occupancy rate of Block B and C will be better or worse than Block A.
Dwango
post Jan 5 2013, 02:53 PM

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Flooded again yesterday during heavy downpour. Midfields is surely a flood-prone site. Now it's raining heavily and most likely we'll see the same situation again.
Dwango
post Jan 6 2013, 08:30 AM

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QUOTE(soonyeh @ Jan 6 2013, 01:32 AM)
Dwango.. pls share some photos so i could forward to management to settle the issue..
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I have photos showing the main road behind the shop house seriously flooded with deep water, like shallow mini ocean. Bad situation. Vehicles using this road will have to wade through slowly. The ground floor staircase from the carpark flooded.

I am sure any residents living here will be able to tell you. Perhaps TS1? Surely there are many residents or tenants of Midfields owners here who know about this situation.

And as for your "mangement to settle the issue". Seriously do you think they can solve it? It's a perennial one. Midfields is flood-prone at a low lying area as the drainage is not capable to drain the water fast enough during a thunderstorm. Both new and existing drainage.
Dwango
post Jan 6 2013, 02:55 PM

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QUOTE(cruger12345 @ Jan 6 2013, 02:16 PM)
As for the flood, I heard that that is due to the drainage system which are suppose to be connected to the ahoy lot drain system before discharging into the main drain. Because of the ship lot drainage system not yet fully completed it cause the back flow causing the drain at midfield not working. Could someone confirm this. Yes the management can't do anything about the flood. But the management could bring this issue to the developer. I think YTL could do something about this. To say the midfield is a flood area I don't aggree with they. If midfield flood then the surrounding factory and shipley will be flood too. Even the shoplift under construction will be fully flooded for it is at lower ground then midfield . I still think it is the drainage system which need to be rectified. To say that couldn't not be solved is too extreme lah. It is just the matter people want to do it or not....
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If the completed drainage of Block A-C is connected to the shop lot drainage before discharge into main drain, the drainage system is working already. Hence, I don't understand your "back flow" comment. Please elaborate. Back flow will only occur if there is something stuck in the drain, causing blockage. The fact that the flood water receded with time has shown that there isn't any blockage in the drain. The uncompleted shop lot drainage is the drains that run around the perimeter of the shop lots that are not completed yet, and these will not affect the existing drainage system.

You think something can be done doesn't mean it can be done. Flood happens when the drainage system is unable to cope with large amount of rainwater during heavy downpour. During the same day of flood on Friday, I have witnessed several roads in Klang Valley flooded as well whereby vehicles have to choose to go through the flood water or make a U-turn to use an alternative road.
Dwango
post Jan 6 2013, 03:44 PM

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QUOTE(cruger12345 @ Jan 6 2013, 03:32 PM)
What u mean is if the drainage system could not cope with the downpour then the us nothing could be done about it ? That us something I have never heard of as an civil engineer for the past 12 years.  If the drained is clogged ten unclogged it lah apa susah. If the water receded that means a lot if thing other than no clogged drain. If the drainage system at midfield can't cope with the down pour then upgrade it lah. Why keep on saying things this is bad and can't be resolved ? I am staying here and I want it to be resolved. If some of the readers have done good idea please write it here so I may bring the idea to the developer even. Why keep on attacking the same issue which bring no benefit to anyone at all. If want to highlight the potential buyer pun I can't find any reason for that unless u yourself know the buyer personally otherwise what is the point ? Right? Bringing idea to solve this problem is much encouraging than rising the issue again and again. Yes the flood is inconvenience to some. But it is not like it is damaging the property or anything like that. It is definitely not the end of the world. Agein I want to say I am not an agent. I am just s resident of Midfields
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Well, you must be not a very good engineer then. Are you registered with IEM?

You think by upgrading the drains the issue can be resolved? Have you been involved in design or you are at site level throughout your history as a civil engineer? Have you done any R&D design and are you familiar with ARI codes in the design? Sometimes even when following the codes in the design, that doesn't exclude the fact that floods won't happen. The design of new drains have to match with the existing drawings at the outlet in the RL and one can't just include a deep drain that is deeper than the existing main drain that it will be connected to. This is just one of the criteria in the design. During flash flood, the downstream water level will be unusually high, and the flow of water at the upstream will be affected which causes this flash floods.

As for saying things bad, it's not my intention but it's a fact. Why hide the real situation? If you can propose a solution to the developer yourself then good for you. IF you are staying there, just go to the site and survey the situation closely after a heavy rain and see why the water is clogged. You should then have an idea, whether it can be solved or not just by a matter of hacking away the existing drains and build deeper and wider drains.


Dwango
post Jan 6 2013, 04:07 PM

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QUOTE(cruger12345 @ Jan 6 2013, 03:32 PM)
What u mean is if the drainage system could not cope with the downpour then the us nothing could be done about it ? That us something I have never heard of as an civil engineer for the past 12 years.  If the drained is clogged ten unclogged it lah apa susah. If the water receded that means a lot if thing other than no clogged drain. If the drainage system at midfield can't cope with the down pour then upgrade it lah. Why keep on saying things this is bad and can't be resolved ? I am staying here and I want it to be resolved. If some of the readers have done good idea please write it here so I may bring the idea to the developer even. Why keep on attacking the same issue which bring no benefit to anyone at all. If want to highlight the potential buyer pun I can't find any reason for that unless u yourself know the buyer personally otherwise what is the point ? Right? Bringing idea to solve this problem is much encouraging than rising the issue again and again. Yes the flood is inconvenience to some. But it is not like it is damaging the property or anything like that. It is definitely not the end of the world. Agein I want to say I am not an agent. I am just s resident of Midfields
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The original engineer/designer who designed the drainage system will have a better idea whether the flood issue can be overcome, and he/she is the one whom the developer will turn to whenever there are issues or problems. Be it the building structure or the infrastructure. It is the responsibility of the original designer to look into these problems, not any Tom, Di_ck or Harry on this forum. A word though. Usually the design will have already catered for the worst case or most unfavorable conditions.
Dwango
post Jun 19 2013, 07:43 AM

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I don't know which individual from Midfields management who has given the authority to clamp vehicles parked outside their own compound, that is on the public road, which is under Majlis Perbandaran authority. Only the authorities can clamp vehicles parked along the outside "public" road, not Midfields management. Hence, I am very perplexed on this clamping issue.

Come on man. If you go around other places, car are parked everywhere alongside the road, on both sides of the road mind you especially in condo areas. Just go and see condos at Bandar Sri Permaisuri. Cars all parked alongside both sides of the road everywhere. Nobody cares, no clamping, even the Majlis people dont' care, as they know there isn't enough car parks for the residents, even if everyone could afford to purchase extra car parks.

For those who have your cars clamped, how do you cope with it? Just go lodge a police report. By law the condo management does not have the authority to clamp vehicles that not parked within their compound.




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