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Investment KINRARA RESIDENCE [OWNERS' THREAD], Lifestyle landed homes from Mah Sing

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SUSUFO-ET
post Apr 13 2011, 12:01 AM

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QUOTE(allwerp @ Apr 12 2011, 11:43 PM)
hi guys i bought my 3-storey superlink at RM958,800 with RM20,000 rebate...how much is the current selling price for 3-storey now?? i saw in the invitation letter it was stated min RM1.2 mil...but the SA told me (3 weeks ago) that the starting price is RM968,800 now..so which one is true??
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968,888 nett no DIBS
allwerp
post Apr 13 2011, 01:38 AM

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then how come its written RM1.2 mil in the invitation letter? mistake??
Covillea
post Apr 13 2011, 09:28 AM

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Kinrara Residence - Sales as at 12/4/2011

Bungalow Purchasers:
1)

Semi-D Three-Storey (total 144 units, 83 units sold) - 58% sold:
1)

Semi-D Double-Storey (total 120 units, 94 units sold) - 78% sold:
1) Covillea
2) driftmeister
3) eric er
4) cooolguy
5) comptechie1
6) liang7524

Link Three-Storey Purchasers (total 269 units, 180 units sold) - 67% sold:
1) UFO-ET
2) frozen44
3) QW$$
4) allwerp

Link Two-and-a-Half-Storey (Total : 67 units) - 100%? sold:
1) krgia10

Link Double-Storey (Total : 113 units) - 100%? sold:
1) pcteck19
2) mrkenjiro
3) alfredfx
4) chkit

Note :
2 & 2 1/2 storey still has 30+units reserved for BUMI
3 storey Superlink left bout 10 units available for non bumi
2 & 3 storey Semi-D left bout 25-30 units available for non-bumi (Total 244 units, already sold 177 units)
Last week alone TMS sold 22 units of 3-storey & 20 units of Semi-Ds, estimated sales volume of RM50 million!!!


Added on April 13, 2011, 9:31 am
QUOTE(UFO-ET @ Apr 13 2011, 12:16 AM)
There are 22 units of 2-storey Semi-D not open for sale yet (last row), the lot size is 40'x90', backyard has 20ft extra land instead of 10ft, based on TMS pricing strategy in the past, most likely > 1.6 mil up, not surprising if touching 1.7 mil.

The last selling price is 1.54 mil for lot size 40'x80'. I think no more available now, remaining unsold are BUMI lot bout 26 units.


Added on April 12, 2011, 11:29 pm
disappointed still BBB at 1.54 mil, it just prove one thing, the demand for g+g and club house concept is overwhelming, KR design and concept isn't special in Northern part of KL (Damansara) or Western (KK or Bkt Rimau), but it is "precious" in Puchong, I know every purchaser like freehold, the location is not as good as Bdr Kinrara, quality so so, wat makes them change their preference or taste now?...my guess, Security and quality life and neighborhood
*
Go for units next to the linear park if there're still available. The last I heard is for 2-storey Semi-D next to linear park is selling at RM1.78 mil. What about 3-storey Semi-D next to the linear park? Any idea?

This post has been edited by Covillea: Apr 13 2011, 09:31 AM
kee1
post Apr 13 2011, 10:32 AM

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no choice
no more freehold land in puchong
bandar puteri full house
skyville - too risky the hill slope
bandar kinrara - overpriced and design much to be desired
if dont settle for KR, then have to go deeper in Puchong - talking about Puchong utama, Puchong Hartamas or Nusaputra , or Tasik Prima

KR - at leasr can still say not staying in Puchong
can say kinrara or bukit jalil
Puchong is still a taboo address in the elite property neighbourhood

so all those who settle for KR - no choice . G & G and clubhous ewith swimming pool a much needed consolation to compensate for the leasehold title in this part of Klang Valley.
Alam Sutera - dont bother. access much to be desired
Covillea
post Apr 13 2011, 01:20 PM

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kee1, very well articulated.

kinrara residence have become the icon for puchong like how lake edge used to transform puchong those days.

look at their clubhouse launching last sat is clear evidence that when they launch their bungalows, it'll be another level of excellence & fanfare.


Added on April 13, 2011, 1:43 pmhttp://www.vinann.com/2011/04/kinrara-residence-palmiera-semi-d.html


Added on April 13, 2011, 1:51 pmif alam sanctuary can sell at rm1.2 mil - rm1.3 mil for its 2-storey semi-d, then mah sing's kinrara residence 2-storey should go for rm1.7 mil.

http://alamsanctuary.77forum.com/

why is mah sing selling so low? does anyone knows?

This post has been edited by Covillea: Apr 13 2011, 01:51 PM
cooolguy
post Apr 13 2011, 02:38 PM

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QUOTE(eric er @ Apr 12 2011, 11:13 PM)
I hope TMS can improve on the material & specification for Semi-D. Otherwise, this will be the project develop by TMS using low quality material but selling at premier price.

Homestly, I expect the finishing & material use should be close to Graden Residence. When visited the showhouse really feel dissapointed.........!!!
*
Did you write to them to complain? You should if you didn't and please be specific about your dissatisfaction. Besides, follow up is very important too.

This post has been edited by cooolguy: Apr 13 2011, 02:42 PM
sk2000
post Apr 13 2011, 02:51 PM

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QUOTE(cooolguy @ Apr 13 2011, 02:38 PM)
Did you write to them to complain? You should if you didn't and please be specific about your dissatisfaction. Besides, follow up is very important too.
*
Upgrade the specification ....the prices will be upgrade too eventually

This post has been edited by sk2000: Apr 13 2011, 02:53 PM
mrhawk
post Apr 13 2011, 02:58 PM

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QUOTE(Covillea @ Apr 13 2011, 01:20 PM)
kee1, very well articulated.

kinrara residence have become the icon for puchong like how lake edge used to transform puchong those days.

look at their clubhouse launching last sat is clear evidence that when they launch their bungalows, it'll be another level of excellence & fanfare.


Added on April 13, 2011, 1:43 pmhttp://www.vinann.com/2011/04/kinrara-residence-palmiera-semi-d.html


Added on April 13, 2011, 1:51 pmif alam sanctuary can sell at rm1.2 mil - rm1.3 mil for its 2-storey semi-d, then mah sing's kinrara residence 2-storey should go for rm1.7 mil.

http://alamsanctuary.77forum.com/

why is mah sing selling so low? does anyone knows?
*
Covillea,

if you were offered RM1.7 mil for the basic intermediate unit, do you take it? i think you may not right. But looking at the trend of pricing 2nd last row priced at RM1.54mil highly likely last row will be priced at RM1.7 since it has 10 ft land extra.

Remember, MS has to sell 264 units of Semi-D (120 + 144) assuming the average price of RM1.4 mil that is total GDV of RM369 mil. Assuming 80% of MOF, the bank got to absorp ~ RM300 million in form of mortgage loan. NOT a small amount though! what is the size of Alam Sanctuary?

So dont be so greedy. Leave some room for the next guy to be able to get financing. in property investment, bank appetite to give out loan is critical, if they are not as bullish as you, market could not move. i think current price is about right! if it is truly KR a gem, the price will eventually move towards that direction later and must be concur by the end financier, ie the banks.

Covillea
post Apr 13 2011, 03:03 PM

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mr hawk, great explanation.

cooolguy
post Apr 13 2011, 03:32 PM

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Even though the material specification is important, the surrounding neighbourhood is equally important too. No doubt that they're using lousy materials compared to most high end developments in KL. But if TMS could make the entire neighbourhood very conducive to leading quality lifestyle and raising a family, it will compensate whatever shortcoming in the material specification. For example, they should work on the following to make the housing estate very desirable:

- employ top quality security system and personnel, not just hire a few guards who say hi & bye to you. YTL has done a great job in their Lake Edge development.
- well maintenance of the clubhouse,
- nice roads and landscape,

Other factors that are out of TMS's control would be all the high end amenities such as:

- Connectivity - I hope the road from BK6 to BK9 will be opened soon as the overhead ramp to BK9 will be completed soon. Besides, when are they going to build the diamond shape interchange at the Puncak Jalil entrance next to Sirim?
- Good private / international school - if TMS or I&P would build an international school here, I'm sure property price here could be doubled in less than 5 years.
- Quality grocerry shopping - if Cold Storage or Jaya/Village grocers would open a supermarket here, people won't have to shop for groceries in Subang parade or Empire Mall.
- Shopping Mall - even though IOI mall is not top notch, it is a reasonably good neighbourhood mall with plenty of apparels, Gym, F&B and cinemas. So can't complain too much. I just hope that Setia Walk be successful like Sunway Giza in Kota Damansara.
- Parks - besides the 2-acre linear park within KR, there is already a big public park in Bukit Jalil. Besides, people who enjoy jungle trekking will like the forest reserve a lot.
- High end job market - With all the good infrastructure, The Technology Park in Bukit Jalil is doing a very lousy job in attracting multinational companies. Hopefully this Ho Hup city will come up soon!
mrhawk
post Apr 13 2011, 04:15 PM

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QUOTE(Covillea @ Apr 13 2011, 03:03 PM)
mr hawk, great explanation.
*
sorry if i have offended you ya!
prody
post Apr 13 2011, 04:20 PM

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QUOTE(cooolguy @ Apr 13 2011, 03:32 PM)
- Connectivity - I hope the road from BK6 to BK9 will be opened soon as the overhead ramp to BK9 will be completed soon. Besides, when are they going to build the diamond shape interchange at the Puncak Jalil entrance next to Sirim?
Looks like not happening.
mrhawk
post Apr 13 2011, 04:22 PM

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QUOTE(cooolguy @ Apr 13 2011, 03:32 PM)
Even though the material specification is important, the surrounding neighbourhood is equally important too. No doubt that they're using lousy materials compared to most high end developments in KL. But if TMS could make the entire neighbourhood very conducive to leading quality lifestyle and raising a family, it will compensate whatever shortcoming in the material specification. For example, they should work on the following to make the housing estate very desirable:

- employ top quality security system and personnel, not just hire a few guards who say hi & bye to you. YTL has done a great job in their Lake Edge development.
- well maintenance of the clubhouse,
- nice roads and landscape, 

Other factors that are out of TMS's control would be all the high end amenities such as:

- Connectivity - I hope the road from BK6 to BK9 will be opened soon as the overhead ramp to BK9 will be completed soon. Besides, when are they going to build the diamond shape interchange at the Puncak Jalil entrance next to Sirim?
- Good private / international school - if TMS or I&P would build an international school here, I'm sure property price here could be doubled in less than 5 years.
- Quality grocerry shopping - if Cold Storage or Jaya/Village grocers would open a supermarket here, people won't have to shop for groceries in Subang parade or Empire Mall.
- Shopping Mall - even though IOI mall is not top notch, it is a reasonably good neighbourhood mall with plenty of apparels, Gym, F&B and cinemas. So can't complain too much. I just hope that Setia Walk be successful like Sunway Giza in Kota Damansara.
- Parks - besides the 2-acre linear park within KR, there is already a big public park in Bukit Jalil. Besides, people who enjoy jungle trekking will like the forest reserve a lot.
- High end job market - With all the good infrastructure, The Technology Park in Bukit Jalil is doing a very lousy job in attracting multinational companies. Hopefully this Ho Hup city will come up soon!
*
Coolguy, excellent wish list! i hope you are not investor! if you are buying based on this wish list then you target price may not be achieved. cry.gif
Covillea
post Apr 13 2011, 04:28 PM

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QUOTE(mrhawk @ Apr 13 2011, 05:15 PM)
sorry if i have offended you ya!
*
no worries. everyone can have their own point of view.
dar121191
post Apr 13 2011, 04:31 PM

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im a kinrara residence

cooolguy
post Apr 13 2011, 04:32 PM

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QUOTE(mrhawk @ Apr 13 2011, 04:22 PM)
Coolguy, excellent wish list! i hope you are not investor! if you are buying based on this wish list then you target price may not be achieved. cry.gif
*
I'll be quite happy if Santa Claus granted half of the wish list!
QW$$
post Apr 13 2011, 04:33 PM

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QUOTE(cooolguy @ Apr 13 2011, 03:32 PM)
Even though the material specification is important, the surrounding neighbourhood is equally important too. No doubt that they're using lousy materials compared to most high end developments in KL. But if TMS could make the entire neighbourhood very conducive to leading quality lifestyle and raising a family, it will compensate whatever shortcoming in the material specification. For example, they should work on the following to make the housing estate very desirable:

- employ top quality security system and personnel, not just hire a few guards who say hi & bye to you. YTL has done a great job in their Lake Edge development.
- well maintenance of the clubhouse,
- nice roads and landscape, 

Other factors that are out of TMS's control would be all the high end amenities such as:

- Connectivity - I hope the road from BK6 to BK9 will be opened soon as the overhead ramp to BK9 will be completed soon. Besides, when are they going to build the diamond shape interchange at the Puncak Jalil entrance next to Sirim?
- Good private / international school - if TMS or I&P would build an international school here, I'm sure property price here could be doubled in less than 5 years.
- Quality grocerry shopping - if Cold Storage or Jaya/Village grocers would open a supermarket here, people won't have to shop for groceries in Subang parade or Empire Mall.
- Shopping Mall - even though IOI mall is not top notch, it is a reasonably good neighbourhood mall with plenty of apparels, Gym, F&B and cinemas. So can't complain too much. I just hope that Setia Walk be successful like Sunway Giza in Kota Damansara.
- Parks - besides the 2-acre linear park within KR, there is already a big public park in Bukit Jalil. Besides, people who enjoy jungle trekking will like the forest reserve a lot.
- High end job market - With all the good infrastructure, The Technology Park in Bukit Jalil is doing a very lousy job in attracting multinational companies. Hopefully this Ho Hup city will come up soon!
*
Totally support on the private school suggestion as if need to go to sumway or Subang, the Sunway toll will be a killer. Also on my wish list will be a Chinese school in Kinrara
MsPopcorn
post Apr 13 2011, 10:06 PM

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I need some reliable info.

Is the 3 storeys superlink under master title or individual title?

those who bought superlink..kindly let me know the status please.

Anyone ask a copy of individual title sample from mahsing? do PM me...

TQ.
Jenn77
post Apr 14 2011, 12:37 AM

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Whats the price for 2 1/2 storey? Hopes that they open the units for non-bumi.
MsPopcorn
post Apr 14 2011, 01:03 AM

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QUOTE(Jenn77 @ Apr 14 2011, 12:37 AM)
Whats the price for 2 1/2 storey? Hopes that they open the units for non-bumi.
*
i tot no more 2 1/2 d... shocking.gif

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