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Investment Kepong Sentral Condo, Please gv suggestion

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ANDY66888
post Oct 12 2016, 01:53 PM

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QUOTE(sirazlan @ Oct 12 2016, 11:35 AM)
sorry as i'm not familiar with kepong area
may i know where exactly is the mrt kepong sentral?
how's the current market here? is it easy to rent out?
recently i went to see the condo...only 1 lift out of 6 is functional..no water inside the pool...no gym as advertised in mudah...is this common?

i really appreciate ur opinion. thanks.
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If you like to buy this condominium, hahaha, good luck to you. The pricing of the condominium keep down down down. Sometime, buy the property, doesn't mean that area got Mrt or ktm is good area. The cemetery just next to this condominium, very near, very very near.my friend got one unit there, already big big regrets to bought here
ANDY66888
post Oct 19 2016, 01:49 PM

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QUOTE(eniltoh @ Oct 18 2016, 10:33 PM)
Hi Sirazlan,
The MRT station should be within walking distance to the current komuter station and also Kepong Sentral condo.

Here should be the lowest price u can find for a condo in Kepong.

If the rental is reasonable enough, should not be a problem to rent out. For e.g. if you bought at 250k and you rent out at 1k, it is easier n tenant pocket compared to if you bought at 750k and renting out at 3k.

From what I know, the maintenance here is a bit out as the previous management company didn't do a good job to upkeep the condo. Coupled with it taking 8 years for the previous management company to form a JMB, speaks volumes about the developer and the management company.

There is a newly formed JMB recently which is understood to be starting from scratch

It is a long road to recovery for the condo but I think it has reached the bottom and the only way is up.

I don't think having a cemetery is a bad idea. Looking on the bright side, this condo has one of the best view because:-
1) facing left is the komuter parking so no blocked view
2) facing front are shoplots followed by the slope down to the main road again no blocked view
3) in fact there are no blocked views come to think of it wherever you look...that is until the cemetery moves away.

It DOES get a little noisy on the KOMUTER facing side due to trains running along the track.

I can hardly think of a better time to buy than now. From one condo project to another, all inter amenities can be copied and bettered but not many have deep pockets to buiild public transport, let alone 3 here. 1 bus/taxi stand, 1 KOMUTER and the up and coming MRT

Hope that helps you make a decision.
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My friend live this condominium, he felt so so regrets bought this condominium. So far even drop down below 300k , alao hard to sell , his unit even not face cemetery , face to factory, has already put on market more then one and half years , still no buyer, not because the buyer hard to borrow money, is because the location and management si so bad .
Even the MRT and KTM just downstairs, didn't mean is good location.
Three years ago , I even thought want to buy here, after the banker told me, just because the condominium too near the cemetery, the bank only can borrow 60-70%., and once who buy this condominium, will very hard to sell out , even price is cheap .
If the location like this, downstairs is MRt and KTm , housing prices should be gone up a lot , why during this few years , this condominium pricing keep go down? Get real , a lot of malaysia people very superstition, beside the cemetery is really really too near of the building.

ANDY66888
post Oct 19 2016, 02:14 PM

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QUOTE(wkkor @ Oct 19 2016, 02:09 PM)
I heard that it is not beside cemetery, but partial of the land is cemetery, contractor remove some involved grave...
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Yea, that what my friend said to me, he bought this condominium before , he thought the developed will remove the cemetery, after now ten years already , the cemetery still there. And many years ago , also a lot people Demonstrations the developed dig out they grave.
ANDY66888
post Oct 19 2016, 04:08 PM

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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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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 .
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.

 

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