ummm... sorry to ask Q which may not be 100% relevant here. if let's say i signed my s&p on 2010 and only start servicing the loan after getting my unit in 2013(hopefully), will i be eligible for the tax relief from then? Thanks.

very well said.

please note that for 1120. there is 7.5% rebate. they will reimburse your installment for 18 months after VP so practically you do not need to pay anything. subject to a max or 7.5% snp price

Pictures taken today, 5th Sept 2012.

B1 is still fully dressed - don't understand why it is slower than B3 & B5. Saw a worker throwing rubbish & broken bricks from the balcony of B1-09-01.

B3 external is painted and is now being stripped off the scaffolding and green netting.

Status quo for B5, i.e., no change since August.

B7 has reached its 18th floor & B9 has reached the rooftop.

At this rate of construction, I am quite confident the developer can handover vacant possession on time.

This post has been edited by TeannaLim: Sep 5 2012, 05:49 PM


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When is the completion of 1120?

Depending on when the S&P was signed, the vacant possession date for phase 1 is around December 2012 and phase 2 is around March 2013. Some forumers are speculating that the developer will handover both phases at the same time. Personally, if I were the developer I will handover vacant possession by phases so as to avoid paying any LAD.

Its near my house!
There alot of shoplots not sold at that area, most are more than 10 years old.
I used to stay in a house nearby, after 10 years only increase about 100%. Agent say, place not good, alot of crime. Sri Sentosa and Tmn Medan nearby.

During my stay, theft twice. Crime rate is horrible even police are there and have roadblocks nearby often. Housing quality is horrible, have cracks, alot of people complaint, till developer renovate the walls and compensate money for people to move out. The place is called Taman Sri Manja. You guys can drive and check, some of the houses they just finish fixing, they fix 2 years per few lots. Even though they fix it, cracks came back after few months. That is why I quickly sell off after the repairs.
What I hear is the land there used to store garbage (heard from neighbour, dunno true or not)

After selling off the house, I stay @ condo nearby (Taman Sri Manja) , there also same thing, after I live there 2 years, got 3 units got robbed, even photo of thief taken but cannot catch because wearing sunglasses and cap.

Moreover that area has alot of low-cost apartments nearby, especially in Sri Sentosa.

Nearby, got no good food. but got KFC, Old Town Cafe, Giant Hypermarket.

But the location is very good. About 15mins drive to Subang, Bangsar , Mid Valley & KL. But after a few developments and a link connecting to Puchong, the traffic there is worst. Go home have to pass 10 bumps .

This post has been edited by Mercy Shadows: Sep 5 2012, 10:12 PM

Agree..........

Thanks, Teanna Lim, for your updates. Keep them coming.

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Added on September 6, 2012, 10:02 amThanks, Mercy Shadows, for sharing your past experience.

We, the 1120 owners, will make the difference and improve the area when we move in. With regards to the cracks experienced by earlier dwellers in Taman Sri Manja & Sri Sentosa, I am confident that the developer & structural engineers would have now got more experience to build better.

This post has been edited by Crystal2: Sep 6 2012, 01:57 PM

the high end condominium at taman desa, built by this peter sdn bhd, suffered lots of complaint due to poor built quality, i really hope the same thing wont happens to 1120, but this condo at taman desa already classified at high end condominium, shit things still happened, worst thing might happen to 1120 mid end apartment...


http://forum.lowyat.net/topic/2501417

This post has been edited by hellworld: Sep 9 2012, 09:36 AM

Ya , so disappointed :-( what can we do now ?

i have live in my condo for more than 1o years, all the pipes all conceal in the wall, and until now never heard any leakage issue happened.

this taman desa condo looks very high class from outside, must be the extremely poor workmanship by this Peter developer that cause this shit things happens.

haizz...now i understand why this developer let the pipes expose in our condo PA1120, because they try to avoid high repair cost in the future if leakage happen again.

u staying at Sri Manja Court? i actually love that place, my bf's parents have been living there for ages, i like the whole "community" kind of feel that u dont get with higher end condos. heard about the robberies but frankly, nowadays all condos have that problem. i dont fancy one particular security guard though. when we wanted to drop off some food at my bf's parents' house, my bf informed the guard that he wanted to "hantar barang". the guard asked if i was the "barang" (prostitute). i was like...dafuq

i am keeping an eye on this thread cos i am a potential subsale buyer . but depends lor, hopefully u guys dont goreng goreng the prices until i cannot afford

+1

I have a friend who was staying in Sri Manja Court but has upgraded to Ara Damansara double storey house. She too loves her former place and told me that when her kids have flown the nest, she would return to retire there.

Oversupply of residential property due to speculation may slow down market

PETALING JAYA: The secondary residential property market could face a slowdown in transactions within the next six to 12 months due to oversupply of properties caused by speculative buyers.

Malaysian Institute of Estate Agents (MIEA) deputy president Siva Shanker said “secondary properties in secondary locations,” namely apartments within the RM150,000 to RM300,000 price range, could be difficult to sell as an oversupply situation has resulted.

“A lot of these properties were sold in the last two to three years and developers made a roaring business out of it. However, they’re now struggling a bit,” he told StarBiz in an interview.

“A lot of people in the past would have bought these properties for speculation,” said Siva.

He said many people bought these properties with the sole intention of selling them immediately once the development was completed.

“The buying public in Malaysia are like sheep. A few people buy, and then everyone will rush in to do the same!

“However, when everyone tries to flip it (sell for a higher price) at the same time, that’s when you create an oversupply situation.”

Siva cites an example of a 300-unit apartment block, where half, for instance, are placed on the market simultaneously by the initial (speculative) buyers.

One seller will lower the price because he can’t hold it, and then the prices start coming down.”

Siva pointed out that because transactions start slowing down, there is a misconception that property prices will crash.

“It’s not what people think – that property prices are crashing. A person buys an apartment for RM300,000 and after two years, wants to sell for RM400,000 and puts it on the market. But then, others also start doing the same and the buyer gets spoilt for choice.”

He said because everyone puts the property on the market, the RM400,000 price-tag would not be achievable.

“Perhaps at the end of the day, instead of RM400,000, you sell it for RM350,000 and in the eyes of the buying public, prices have fallen!

“But in actuality, prices didn’t fall. You bought at RM300,000 and sold it at RM350,000. You tried to flip the property, but you didn’t get the level of profit you thought you could get. But you walked away with a profit nevertheless.”

hi guys, nice to meet u all, im staying nearby and actually quite keen into this park avenue, dont worry as im not an agent just asking if anyone knows anybody wish to sell their units so i can be your neighbours

looking for a unit also

I just received a letter dated 25th September 2012 from the developer inviting all owners to buy extra carpark bays. According to the office, they have 129 bays for sale and each bay is selling for RM23,000 onwards depending on its location. If you are paying cash, there is a rebate of RM1,000 - so hurry.

Attached is the letter with a reply slip for your attention. Please read the 2nd portion of the letter and respond before 31st October if you are entitled to a promotional benefit of 7.5% on purchase price. Cheers!

This post has been edited by Crystal2: Oct 3 2012, 04:46 PM


Attached File(s)
 1120CarPark001.pdf ( 1.07mb ) Number of downloads: 49

Wow..nice =D

Had went on site. Find the area is very much to my liking ~ any seller pls do PM me. Looking at S1 or M (if price within my budget). BTW, is this area UNIFI cover?