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.

Just trying to understand how do you to define 'reasonable price' and justify 'unreasonable price'?

Actually I don't understand la...
Complaining multi-tier Carpark is MF sucks but Gembira Condo also having multi-tier Carpark rite?
Then complaining the price too high but compare to Gembira Condo price but Gembira Condo is still under construction u wait after completion people will be asking about 700k above for the smallest unit...that's always the case. When u buy from developer it's usually lower la...primary purchasers risk the possibilities of abandon project from small developer while having to service their loan during construction for those not offering DIBS package. If u buy a completed property of kos will be higher la...

And how can happy garden be a high end area? I am staying at Bukit Gembira Condo now....and no way it's high end area...
Behind Gembira Condo it's low cost apartments with a huge futsal court....in front of Gembira Condo are all the old one storey landed properties. further down the road there is a school...traffic on the way in and out horrible and won't help with all the new condo completing soon also....very high end meh?

"the whole neighborhood is not "high class" area but i think in term of amenities i would said OKR have it all...

i do agree with u the expected price of GR once completed..to hv 20-30% appreciation of your property upon completion based on present crazed for property is logic...."


Yea I mean that is what to be expected la...

Hi CityDude,
Firstly you want to buy a completed property but want to get it as cheap as possible.

Simple comparison :-

Midfields (Subsale)
1074 sqft ~ RM 430k = RM 400 psf
1074 sqft ~ RM 450k = RM 418 psf
1074 sqft ~ RM 480k = RM 446 psf

Gembira Residence (Current)
TYPE : C -1,168sf (3R,2B)~ RM 493k-540k = Avg RM 450 psf

Based on psf also show Midfields is cheaper...and it's completed or nearing completion as compared to GR.
So how issit expensive and GR is cheaper?
GR is still undergoing construction, primary purchaser still servicing their loans, quality of built still unsure, got delay or not still dunno, maintainence after that also not sure....
And once completed you think people will sell it back to you at 493k-540k meh?
Same wat everyone will also start asking at least 700k...

And secondly, u kept on complaining agents asking unrealistic pricing...
So what's is yur realistic pricing?
I am really curious la....do u expect the owners to sell you their unit at 350k?

Hey bro Natman,

Chill yea....I have been following the thread for a while so I understand where you are getting at...
On a lighter note everyone go watch the dark knight rises...it's really good.

Hi ts1...

Are u currently staying in Midfields now?
If u are just want to check if Astro HD is now available? And also any other broadband services other than YES 4G?
The last time I heard all this was still now available just wondering if it's available now...Thanks!

Thanks...How about HD for Astro? Any indication if it's available in MF?
Oohh yea bout a couple of weeks back I was having a chat with some sales people from YTL.
They did mentioned that the project department are currently looking into phase 2 for MF, should be able to launch by mid next year.
Aint that sure of the price yet but estimated around the region of RM 500 - 600 psf....

Hhmmm IC! Thanks
Yup phase 2 the current condo (block a,c &c) and the commercial centre is not all. There is still another plot of land there by YTL it's going to be the second phase....go check it out with their sales person.
Actually that new phase will have a lot of impact on how far MF can go....In term of price

This post has been edited by Ganny82: Jul 26 2012, 07:34 PM

Yes on paper the potential looks really good with the new redevelopment of the Sungei Besi airport as well.
But it's also a lot of external factors such as how well the Midfields Square will turn up, maintenance of the building (looking at their previous projects i think should be alrite la) and eventually the occupants in MF itself.
Ahh well...let's see how thing in this area go about......

MF2 when launch exactly not sure le....but according to some sales people from YTL could be middle next year.
You can try calling the sales people there and see if more information can be obtained from them...
Do share if you have more info about it....
And yea...it's at the same place as MF...

I dunno about the price increase but i just got a few friends bought at the following price...

Tower A - Ground Floor (450k)

Tower B2 - Mid Floor facing towards Nirvana (440k)

Tower B1 - High Floor facing the swimming pool (470k)

Sorry bout i really cannot remember the sizes though....

Yea can sell Block B already just that it's not direct transfer yet but using a supplementary agreement between owner and buyer...actual SPA will comes into play after handing over.

Yea probably I should also clarify that the Tower A (450k) have a much bigger built-up almost 1400sqft (Inc. Acc parcel). I really can't remember la but it's bigger compare to the other 2 units my friends bought in Tower B.

I dunno but most of my friends that view MF indicated they prefer the pool view rather than KLCC view because of the unsightly view of the tension cable. It seem the pool view is getting more popular....as long as no view to high tension...

Just to clarify yea the launch price was about 230k - 260k for Tower A subsequently Tower B & C was about 250k to 330k. So it's not like a 200k profit for all the units....I was there.
So it's very unlikely Tower B and C can go cheaper than Tower A except for those facing the carparks.

After so many discussion I really can't believe the maintenance fees still being an issue....
Sometimes there are certains things u can compromise sometimes there are certain you can't....maintenance and security is one.

Really? I was there yesterday and earlier today....I don't see anything!! Where's the flood?

Yea...its definitely not brick walls in some of the partition. I only realized that when my ID fella told me bout it....
Overall the workmanship is not as expected but what to do...haha
Oohh yea owners should just hold on to the units as YTL is planning to launch the second phase of Midfields soon. Estimated at 500 - 600 psf....so let's see the chain reaction on the current price when they start....

I m fine wit the dry wall actually no problem in fact I nvr noticed it until told by the ID designer....
I m also fine with the maintenance fees as long as the management do a good job at it. I still can't understand people complaining about it...seriously if u don't want to pay maintenance fees don't buy condo la....
There is really no such things as 'too much' when it comes to security and maintenance...

Actually this really looks like crap....I would be pissed badly if this was my unit!!!!

I certainly agreed with you....but I think YTL is also claiming all the defects with their main con. Anyways even internally need so much work....my common area are still plastered with cement everywhere. Horrible....

Any updates on the availability of Astro HD?

Somehow or the rather it's damn frustrating to know that we r stuccoed with YES 4G. Ahh well....