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Investment Kepong Sentral Condo, Please gv suggestion

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eniltoh
post Oct 20 2016, 12:15 AM

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QUOTE(sirazlan @ Oct 19 2016, 03:50 PM)
Oh wow, only 60-70% loan! Thanks andy for the info. It really helps.
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QUOTE(ANDY66888 @ Oct 19 2016, 04:08 PM)
That is three years ago, now , I cannot 100% say. But , before if you really want to buy this condominium, don't need hear the agent what they say. Go to any bank first, and tell them location and the name of this condominium. Ask can borrow money or not , and how many % ? As I know, ONLY cimb will borrow, other bank like pb bank, can borrow, but maybe is 60-70% only. Bank don't like the property near the cemetery .
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There are many factors determining how much the buyer can borrow:-
- age
- how many owned properties
- how much loan outstanding etc to name a few.

I was offered a 90% loan and it's not from cimb about 2 yrs ago.
ANDY66888
post Oct 20 2016, 02:03 AM

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QUOTE(eniltoh @ Oct 20 2016, 12:15 AM)
There are many factors determining how much the buyer can borrow:-
- age
- how many owned properties
- how much loan outstanding etc to name a few.

I was offered a 90% loan and it's not from cimb about 2 yrs ago.
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Like I said, now not 100% can say. My nephew working in the bank. that he told me , bank don't like the property got cemetery, second is HTC , then is between the T- junction house.
Three years ago, I try to buy this condominium, the Pb bank told me , this condominium very hard to borrow money, and even I got FD and good record payment , this condominium is because too near the cemetery, so bank only can borrow out 60-70% only. Beside , this condominium too many students live there, my friend said a lot of things management not even go to fix. Worth or not worth , buyer will see.
eniltoh
post Oct 21 2016, 09:36 PM

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QUOTE(ANDY66888 @ Oct 20 2016, 02:03 AM)
Like I said, now not 100% can say. My nephew working in the bank. that he told me , bank don't like the property got cemetery, second is HTC , then is between the T- junction house. 
Three years ago, I try to buy this condominium, the Pb bank told me , this condominium very hard to borrow money, and even I got FD and good record payment , this condominium is because too near the cemetery,  so bank only can borrow out 60-70% only. Beside , this condominium too many students live there, my friend said a lot of things management not even go to fix. Worth or not worth , buyer will see.
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Well. Maybe the bank had a change of heart thumbup.gif Attached Image
kcgboyz
post Jun 19 2017, 01:41 PM

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Hi. I am thinking to buy this property seems the price a bit reasonable and will boom out after MRT dcompleted. Any pro/cons? have the Management issue settled?
eniltoh
post Jun 19 2017, 06:34 PM

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That is what we are all hoping for also. ..for the boom from the MRT. The JMB was formed last year and working out the arrears with the previous developer management. Starting from zero is never simple especially with aging lifts.

Hope that the JMB with the latest strata act will be able to recover past arrears from defaulters.

Who knows, maybe they can link up to stop people from going on overseas holidays like the PTPTN loans.
AskarPerang
post Jun 19 2017, 07:40 PM

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QUOTE(eniltoh @ Jun 19 2017, 06:34 PM)
That is what we are all hoping for also. ..for the boom from the MRT. The JMB was formed last year and working out the arrears with the previous developer management. Starting from zero is never simple especially with aging lifts.

Hope that the JMB with the latest strata act will be able to recover past arrears from defaulters.

Who knows, maybe they can link up to stop people from going on overseas holidays like the PTPTN loans.
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if got access card system. the easiest way is to bar the card. defaulters will not be able to get to their home. then again must also make sure the security personal strictly perform their duty. if not sure got back ways to go around the system also.

good luck.
audi2020
post Jun 19 2017, 07:54 PM

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Buy a condo here is like throwing your money into the sea.
Just ask a question to yourself, will u stay there? If u don't like and won't want to stay at a condo where there is a big land of cemetery there, same to other people.
For me, I definitely won't stay there! How cheap also a no for me.
And look back at the appreciation over this condo?

audi2020
post Jun 19 2017, 08:00 PM

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So many condo in Kepong now stick with MRT station, if I am looking for a condo near MRT to choose, why should I choose a condo with cemetery just behind..
Ask agent bring u to go in the condo and feel it on your own first, then u decide. Remember ask agent to bring u in at 3 different time, which is morning, afternoon and night, so only u feel the weird atmosphere there.
audi2020
post Jun 19 2017, 08:02 PM

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Good luck, I know a lot of African renting here. Because African don't mind Chinese Cemetery


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Giant
post Jun 19 2017, 10:33 PM

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QUOTE(audi2020 @ Jun 19 2017, 08:02 PM)
Good luck, I know a lot of African renting here. Because African don't mind Chinese Cemetery
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Both are also "ghosts", so why afraid of each other..
eniltoh
post Jun 20 2017, 12:04 AM

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QUOTE(audi2020 @ Jun 19 2017, 07:54 PM)
Buy a condo here is like throwing your money into the sea.
Just ask a question to yourself, will u stay there?  If u don't like and won't want to stay at a condo where there is a big land of cemetery there, same to other people.
For me, I definitely won't stay there!  How cheap also a no for me.
And look back at the appreciation over this condo?
*
QUOTE(audi2020 @ Jun 19 2017, 08:00 PM)
So many condo in Kepong now stick with MRT station, if I am looking for  a condo near MRT to choose, why should I choose a condo with cemetery just behind..
Ask agent bring u to go in the condo and feel it on your own first, then u decide. Remember ask agent to bring u in at 3 different time, which is morning, afternoon and night, so only u feel the weird atmosphere there.
*
Have you enquired whether the place you are residing currently is not previously a cemetery? Have you been here since the beginning of time?

Cheaper to buy a place to stay and later on cheaper to dispose off because it is cheaper than the rest.

If you open your eyes wider, all 4 sides of this condo is not blocked and you can see miles away. Unlike other highly populated area where you are just looking at another high rise with no clear view no matter how high you are. Is that the view you envisioned?


audi2020
post Jun 20 2017, 02:08 AM

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QUOTE(eniltoh @ Jun 20 2017, 12:04 AM)
Have you enquired whether the place you are residing currently  is not previously a cemetery? Have you been here since the beginning of time?

Cheaper to buy a place to stay and later on cheaper to dispose off because it is cheaper than the rest.

If you open your eyes wider, all 4 sides of this condo is not blocked and you can see miles away. Unlike other highly populated area where you are just looking at another high rise with no clear view no matter how high you are. Is that the view you envisioned?
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Ya I never been here before, because I don't stay in Kepong but Serembam.
Yes your theory is very good, Buy at cheap , cheap cheap. Sell at high high high.Location wise not important.
This Sentral has very high appreciation, high rental, good neighbour, good environment and culture. Super profitable ROI... Wow perfect!!!! Most importantly future MRT just beside it and current KTM. This sentral gonna worth more than a million in future. Don't wait lo, find a unit and sign SNP tomorrow.

This post has been edited by audi2020: Jun 20 2017, 02:25 AM
AskarPerang
post May 12 2018, 07:24 PM

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QUOTE(eniltoh @ Jun 20 2017, 12:04 AM)
Have you enquired whether the place you are residing currently  is not previously a cemetery? Have you been here since the beginning of time?

Cheaper to buy a place to stay and later on cheaper to dispose off because it is cheaper than the rest.

If you open your eyes wider, all 4 sides of this condo is not blocked and you can see miles away. Unlike other highly populated area where you are just looking at another high rise with no clear view no matter how high you are. Is that the view you envisioned?
*
Hi, so how is this condo now?
Getting better or still remain the same?
In term of security, cleanliness, foreign occupants, safety and the management?

Thanks for your input.
AskarPerang
post May 20 2018, 04:11 PM

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The following lelong unit cheap enough?
Or just so so prices?

B3-08-19, Kepong Sentral Condominium
Reserve price🔥🔥RM 227,000🔥🔥
Leasehold
962sqft, 1CP
Facing KTM Station
Auction: 28-May-2018 (Mon)

B3-08-19, Kepong Sentral Condominium
Reserve price🔥🔥RM 234,000🔥🔥
Leasehold
962sqft, 1CP
Facing inside facility
Auction: 24-May-2018 (Thu)

Both vacant units. With MRT2 Station coming up next door only.
Heard few improvement done by the current management now in comparison with last time.
So this property got potential?

Current rental partial furnish = RM1000-1200

This post has been edited by AskarPerang: May 20 2018, 04:19 PM
AskarPerang
post Jun 1 2018, 07:59 PM

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QUOTE(AskarPerang @ May 20 2018, 04:11 PM)
The following lelong unit cheap enough?
Or just so so prices?

B3-08-19, Kepong Sentral Condominium
Reserve price🔥🔥RM 227,000🔥🔥
Leasehold
962sqft, 1CP
Facing KTM Station
Auction: 28-May-2018 (Mon)

B3-08-19, Kepong Sentral Condominium
Reserve price🔥🔥RM 234,000🔥🔥
Leasehold
962sqft, 1CP
Facing inside facility
Auction: 24-May-2018 (Thu)

Both vacant units. With MRT2 Station coming up next door only.
Heard few improvement done by the current management now in comparison with last time.
So this property got potential?

Current rental partial furnish = RM1000-1200
*
The top unit sold at reserve price. Single bidder only.


AskarPerang
post Jun 11 2018, 09:08 PM

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QUOTE(AskarPerang @ May 20 2018, 04:11 PM)
The following lelong unit cheap enough?
Or just so so prices?

B3-08-19, Kepong Sentral Condominium
Reserve price🔥🔥RM 227,000🔥🔥
Leasehold
962sqft, 1CP
Facing KTM Station
Auction: 28-May-2018 (Mon)

B3-08-19, Kepong Sentral Condominium
Reserve price🔥🔥RM 234,000🔥🔥
Leasehold
962sqft, 1CP
Facing inside facility
Auction: 24-May-2018 (Thu)

Both vacant units. With MRT2 Station coming up next door only.
Heard few improvement done by the current management now in comparison with last time.
So this property got potential?

Current rental partial furnish = RM1000-1200
*
The bottom unit no taker. New price as below:

B3-08-33A, Kepong Sentral Condominium
Reserve price🔥🔥RM 210,600🔥🔥
Leasehold till 2102
962sqft, 1CP
Facing inside facility
Auction: 21-Jun-2018 (Thu)
AskarPerang
post Jun 21 2018, 03:31 PM

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QUOTE(AskarPerang @ Jun 11 2018, 09:08 PM)
The bottom unit no taker. New price as below:

B3-08-33A, Kepong Sentral Condominium
Reserve price🔥🔥RM 210,600🔥🔥
Leasehold till 2102
962sqft, 1CP
Facing inside facility
Auction: 21-Jun-2018 (Thu)
*
Sold at reserve price today. Only got 1 lucky bidder interested.
Cheap price for a vacant non facing cemetery unit.

user posted image
beebee
post Jun 21 2018, 05:06 PM

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QUOTE(AskarPerang @ Jun 21 2018, 03:31 PM)
Sold at reserve price today. Only got 1 lucky bidder interested.
Cheap price for a vacant non facing cemetery unit.

user posted image
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bro you doing property auction now?


AskarPerang
post Aug 14 2018, 06:47 PM

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Another lelong unit:

B3-17-27, 17th Floor, Kepong Sentral Condominium
Reserve price🔥🔥RM 225,000🔥🔥
Leasehold till 2102
962sqft, 1CP
Auction: Sep 18
AskarPerang
post Oct 1 2018, 06:23 PM

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QUOTE(AskarPerang @ Aug 14 2018, 06:47 PM)
Another lelong unit:

B3-17-27, 17th Floor, Kepong Sentral Condominium
Reserve price🔥🔥RM 225,000🔥🔥
Leasehold till 2102
962sqft, 1CP
Auction: Sep 18
*
No taker again. Cheaper price than ever for the past 2 years now.
With upcoming confirm MRT2 station that interchange with KTM. At this price should be the cheapest walkable to MRT2 station medium cost apartment standard.

B3-17-27, 17th Floor, Kepong Sentral Condominium
Reserve price🔥🔥RM 202,500🔥🔥
Leasehold till 2102
962sqft, 1CP
Auction: 11-Oct-2018 (Thu)

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