yeap, i visited the element site the day before. we saw a lot of lorries over there are for m-city. of course, i cannot go in their site, but i used my mobile to take some photos. let's share with yours...what i can see only one lorry and one or 2 workers only. both m-city & element will be completed after 3 years, but why element's progress is so slow...will it become abandon project????? a lot of units left especially tower B. but their showrooms are very attractive....

No doubt the price is attractive, but I just paid a visit today, compare the Mcity which is next to The Element, their work is aggressively in progress, compared to Element construction site, they only have one or two lorry making the show.

Element launch since six month ago , what have they done so far ?

This is really worries me ... 

DIBS is  only valid for 2 or 3 yrs. Exceed this period, you have the bare the interest by your self, you can a LD ( late delivery ) letter but subject to their agreement after the VP.

Cheer

Hi froglai88,

Yes, I hv invested one unit there , but now thinking of pulling out the leg ..

Even after signing S&P, still can pull out...there is a way to do it but of course with some penalty...Short term pain but longer term gain as you can re-channel your money to other better investment. Like in stock market, CUT LOST...

My unit is 32nd floor 2 bedrooms

I intend to stay maybe 2 to 3 years.. After that if rental yield is attractive - rent out or else just sell off

Based on current development/progress, these are my thoughts:

Negative:
1.Oversupply in the area
2. Price dropped too low if the 2012 double dip thing happen
3. Quality of finishing (agree with froglai) not so much worry on abandoned project because never happen to L&G/mayland

Despite all the negative remarks overall I'm still ok lahh, s&p already signed so just go along

Hopefully can comfort each other (elements buyer)

What I meant is if economy slowdown in 2012, overall prop price goes down.. And still not recover until 2014 then there is no option to flip the house (just thinking from greedy perspective)

Btw what and where is the "plazamen" u're talking about?

you see the sales chart or you see all the signed spa 

I went to m city showroom last time and if I remember correctly mcity's completion is 2015

I think the construction "speed" also varies over time based on developer's strategy.. maybe they want to wait to meet certain sales target, maybe they are slower now because theyve just completed the 1st 20% progress or simply purposely delay to wait for lower construction cost (economy slowdown just begin euro china etc2)

I think the reason why we ( elements buyer) started to worry is when m city construction kick start and look picking up very fast..

Nvm Lah a little bit late as long as they complete the project with quality finishing and looks like their website "video"

Yes, I believe block A should be mostly signed. It was launched quite some time ago I think. The actual ceiling height will be 10.5 ft.

I'm not too concerned of a bit late delivery. Will they compensate us?

Are you guys planning for own stay, flip or rent?

Hi guys,
I bought a bigger unit n am quite flexi. Hoping to rent out and the rental can cover mortgage. If Market too competitive, will rent out just below Market price. Worse case, I sell my current house (which is quite far from kl city) and live there. Look fwd to that actually. Hehe..

Froglai,

Hope you are right. but looking at " over supply " in 2014 % 2015 for many project around the street. Are you still confident ?

Cheer 

Hi Feihong and Froglai,
as a newbie who lacks of experience in prop investment, I m targeting diff market so i bought  the 1500sf. hehe.. At least big enough for my young family to stay if things dont go as plan.

Comparing with the rest of the developments around the area, overall I still think that 'the elements' is the most reasonable one in terms of price, location, quality, concept, etc.. m pretty sure that Mahsing wont let M-city fail them.. and if m-city do well, 'elements' can leverage on..

Usually for Mayland projects, the appreciation is quite high (had experienced in Mayfair and Windsor).

But this one for me is own stay.

Just saw this today. Check out the site progress here:

http://theelements.com.my/gallery.php