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

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Covillea
post May 12 2011, 06:41 PM

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different sales person giving different details.

mah sing really need to put their act together.
Kinraraboy
post May 14 2011, 07:54 PM

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QUOTE(Covillea @ May 12 2011, 06:41 PM)
different sales person giving different details.

mah sing really need to put their act together.
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Was at the club house today. They have launched the last row for the Semi-D. 2 storey semi-d going from RM 1.75 and above. Good news to all the early birds !!!!
platinum39
post May 14 2011, 09:35 PM

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QUOTE(Kinraraboy @ May 14 2011, 07:54 PM)
Was at the club house today. They have launched the last row for the Semi-D. 2 storey semi-d going from RM 1.75 and above. Good news to all the early birds !!!!
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Wow... very good news. MS really reward early birds.
cooolguy
post May 15 2011, 11:25 AM

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QUOTE(Kinraraboy @ May 14 2011, 07:54 PM)
Was at the club house today. They have launched the last row for the Semi-D. 2 storey semi-d going from RM 1.75 and above. Good news to all the early birds !!!!
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How about the 3-storey Semi D?
logen33
post May 16 2011, 09:23 PM

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QUOTE(cooolguy @ May 15 2011, 11:25 AM)
How about the 3-storey Semi D?
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Last row of 3 storey Semi D was open for booking last Sunday. The price is sell at RM1.898mil. Congratulations to the early bird Ha Ha Ha....


Added on May 16, 2011, 9:28 pmis it a good deal for 3 storey semi D?

So far is anybody have any idea on Mah Sing housing workmanship and quality??

How about Mah Sing housing projects' landscaping, is it impressive??


Added on May 17, 2011, 7:19 amPrice increase 200k within one month! Crazy....? rclxub.gif

This post has been edited by logen33: May 17 2011, 07:19 AM
alfredfx
post May 17 2011, 09:44 AM

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why congratz. That doesnt mean you are able to sell at that price ....
mrhawk
post May 17 2011, 12:09 PM

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QUOTE(alfredfx @ May 17 2011, 09:44 AM)
why congratz. That doesnt mean you are able to sell at that price ....
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well, hard to say! how do you know no one will buy? currently, i believe most of the macro factors in this country remained stable and bear in mind that there is no limit for landed property as to how high is high! look at Desa Park City. and all the major city globally. Tokyo, Shanghai, New York, u name it.

But of course, as investors, you must be able to sustain if there is a minor hiccup. Long term view, property market remain bright. by the way, the house will only complete in 2 years down the road, lets see!

cheers.
SUSUFO-ET
post May 17 2011, 12:52 PM

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Smart developer knows how to create value - X factor value (environmental value - design, landscape, concept). I name a few, Sam Ling, SP Setia, Boustead Group, Sime Darby, Gamuda, Mah Sing, Sunway Group.....
Apart fr the traditional valuation method of taking land cost and building cost into consideration, those sleeping valuers shd wake up now to look into this factor which can enhance property value.
I study X-factor value for years, it shows significant result in property value enhancement, fr 30% to 100%, for example, look at Desa Parkcity, those 2-storey phase 1 & 2 terrace house only worth RM750K in Sri Damansara curent mkt, the x-value create additional 750K (100%), traded at 1.5 mil in 2010.
p/s - Bandar Kinrara dun hv x-value at all!!
my 2 bakuli
mrhawk
post May 17 2011, 02:35 PM

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QUOTE(UFO-ET @ May 17 2011, 12:52 PM)
Smart developer knows how to create value - X factor value (environmental value - design, landscape, concept). I name a few, Sam Ling, SP Setia, Boustead Group, Sime Darby, Gamuda, Mah Sing, Sunway Group.....
Apart fr the traditional valuation method of taking land cost and building cost into consideration, those sleeping valuers shd wake up now to look into this factor which can enhance property value.
I study X-factor value for years, it shows significant result in property value enhancement, fr 30% to 100%, for example, look at Desa Parkcity, those 2-storey phase 1 & 2 terrace house only worth RM750K in Sri Damansara curent mkt, the x-value create additional 750K (100%), traded at 1.5 mil in 2010.
p/s - Bandar Kinrara dun hv x-value at all!!
my 2 bakuli
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Honestly, valuer in town in is aware of the x-factor. but it was not taught in school, so how to put in valuation report? further more the x factor is difficult to quantify and justify.
logen33
post May 17 2011, 03:20 PM

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Hi Guys,
Do u know Duta Kinrara developed by Pilots group selling min. 3.8mil semi D free hold land with lift -4500sf & above, right opposite kinrara police station. with fantastic design... www.dutakinrara.com/overview.html


Added on May 17, 2011, 3:27 pmKinrara Residence 3 storey SD second last row MH re-sell at RM1.888mil.

This post has been edited by logen33: May 17 2011, 03:27 PM
SUSUFO-ET
post May 17 2011, 06:33 PM

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QUOTE(logen33 @ May 17 2011, 03:20 PM)
Hi Guys,
Do u know Duta Kinrara developed by Pilots group selling min. 3.8mil semi D free hold land with lift -4500sf & above, right opposite kinrara police station. with fantastic design...  www.dutakinrara.com/overview.html


Added on May 17, 2011, 3:27 pmKinrara Residence 3 storey SD second last row MH re-sell at RM1.888mil.
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Ya Duta Kinrara launched 1 mth ago in Sunway Hotel. New benchmark price in Puchong, superb quality. Pilot develope quality hse


Added on May 17, 2011, 6:37 pm
QUOTE(mrhawk @ May 17 2011, 02:35 PM)
Honestly, valuer in town in is aware of the x-factor. but it was not taught in school, so how to put in valuation report? further more the x factor is difficult to quantify and justify.
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Valuation theory and calculation is out of date already, kenot applied in current mkt condition now.

This post has been edited by UFO-ET: May 17 2011, 06:37 PM
liang7524
post May 17 2011, 07:18 PM

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QUOTE(logen33 @ May 17 2011, 03:20 PM)
Hi Guys,
Do u know Duta Kinrara developed by Pilots group selling min. 3.8mil semi D free hold land with lift -4500sf & above, right opposite kinrara police station. with fantastic design...  www.dutakinrara.com/overview.html


Added on May 17, 2011, 3:27 pmKinrara Residence 3 storey SD second last row MH re-sell at RM1.888mil.
*
damn..kinrara residence looks so ORDINARY compared to dutakrr. any idea how did the launching go?
are there any show houses for viewing?


This post has been edited by liang7524: May 17 2011, 07:19 PM
platinum39
post May 17 2011, 08:31 PM

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QUOTE(liang7524 @ May 17 2011, 07:18 PM)
damn..kinrara residence looks so ORDINARY compared to dutakrr. any idea how did the launching go?
are there any show houses for viewing?
*
But big difference in price.
cooolguy
post May 17 2011, 08:41 PM

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QUOTE(liang7524 @ May 17 2011, 07:18 PM)
damn..kinrara residence looks so ORDINARY compared to dutakrr. any idea how did the launching go?
are there any show houses for viewing?
*
Bear in mind that at Kinrara Residence you're paying only less than half the price tag compared to Duta Kinrara. Kinrara Residence is meant to be a medium high end development. High end Semi D in Klang Valley would usually cost over RM2M with much bigger built up and better finishes. At over RM3.8M for a Semi D, Duta Kinrara is considered the super high end among all the Puchong & Bukit Jalil developments.

While Duta Kinrara is very luxurious, I find the design inefficient. It's a bit weird that the Architect is providing such tight space for parking. Barely 2 cars can fit into the car porch of a Semi D with 5+1 room. As for the bungalows with 7 to 9 rooms, only 3 car spaces are allowed. So are the units just meant for 2 - 3 adults? Or the cars of other family members should park outside?
mrhawk
post May 17 2011, 08:54 PM

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KR Vs DK, i think they are not comparable. cater for different market. i think if you can afford 4 mil, you probably could buy a piece of land in BK or bukit jalil area and build you own bungalow to your own taste. just my humble opinion. but of course this comes with a lot of hassle.
angelisnotme
post May 17 2011, 10:36 PM

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what is the distance between duta kinrara n kinrara residence then???

by the way, may i know what is the completion date for semi d in kinrara residence and when can v sign for the s&p for 3 storey semi d in kinrara residence??
SUSUFO-ET
post May 18 2011, 12:04 AM

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QUOTE(liang7524 @ May 17 2011, 07:18 PM)
damn..kinrara residence looks so ORDINARY compared to dutakrr. any idea how did the launching go?
are there any show houses for viewing?
*
damn..Kinrara residence price looks so ORDINARY... tongue.gif
liang7524
post May 18 2011, 02:58 PM

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okies i know i am comparing a benz and a ferrari. haha chill people i was just too excited looking at the 3d walk through. agree with coolguy the car porch is very impractical anyone who can afford a 3.8mil property would most likely have more than 2 cars.
Covillea
post May 18 2011, 04:36 PM

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Property has not slowed down.

Starting RM2.7 mil, also 86% sold!!!

Desa ParkCity's The Mansions@ParkCity Heights 86% sold during priority sales

Tags: Desa ParkCity , Lee Liam Chye , Perdana ParkCIty Sdn Bhd , The Mansions@ParkCity Heights , Westside , Westside 2


By Lam Jian Wyn of theedgeproperty.com
Monday, 16 May 2011 11:35

KUALA LUMPUR: Desa ParkCity's The Mansions@ParkCity Heights achieved an 86% take-up, representing total sales of RM480 million, during its priority sales launch last Saturday, May 14, said its developer Perdana ParkCity Sdn Bhd's group managing director Lee Liam Chye.

"We were quite surprised by the robust demand (despite the price). We had originally targeted 75% to 80% of units to be sold, and 75% is already good, now it has exceeded our expectations," he told theedgeproperty.com during the event.

The event saw some buyers picking up several units of the super-sized linked homes — with built-ups from 4,376 sq ft to 7,218 sq ft, and prices from RM2.7 million to RM7.5 million — according to Lee.

Business was brisk in the sales gallery, where the larger and pricier units dubbed types A, B, C and D were sold on a first-come first-served basis.

Lim, the managing director of a logistics company, said he was considering buying a unit for investment purposes.

Currently owning five homes in Desa ParkCity, the 51-year-old told theedgeproperty.com that he saw good returns from his current investments and was impressed by the concept of the development.

During the priority sales launch, 11 units of the cheapest homes of the lot, the 2½-storey type E homes priced at RM2.7 million to RM4.42 million, were put up for balloting which began at 10.45am.

A total 150 people registered for the balloting from 9.30am.

There were some buyers who were dissapointed over the balloting system, as they had expected all 33 units of the type E homes to be up for grabs.

Hashim, a trader, said he arrived at 8.15am only to find out that 11 units would be up for ballot that day.

"I am quite unhappy, I thought there would be 33 units. (Perdana ParkCity) said they will make up for this with a special invitation to their next project (P9), he told theedgeproperty.com.

The 38-year-old is eyeing a unit for investment purposes, as he expects good capital appreciation from the property, but will consider moving into the house in future.

Desa ParkCity resident Tan and family were also annoyed at not being told about the lower number of units up for ballot.

The family submitted their names for the ballots as they hope to upgrade to a larger home here, she told theedgeproperty.com

In response to the ballot issue, Lee explained that some of the units had been sold to Type A (largest unit) unit buyers at a discounted rate.

"Like all businesses, we have privileged customers. (In fact), 37 out of 48 units of Type A were also pre-sold.

"Many exercised that option (to buy Type E with Type A). We want to sell to everybody, but some people will be disappointed. We just cannot supply enough."

He says they will invite participants of the ballot to the launch of P9, a residential centre. "We will allocate some units to them," he said. "It's a happy problem to have. We try to be as democratic as possible," he says.

On the problem of rising traffic congestion in the area, Lee said Desa ParkCity's roads can accommodate traffic for up to 13,000 homes while only 7,500 homes were planned for this development.

"Density is not the issue. It is the solution to density that matters," he opined.

P9 is slated to launch in early August while condominium development Westside 2 is expected to launch in September, he said.

Westside 2 has been tentatively priced at over RM600 psf, he added.
ndykh
post May 19 2011, 02:41 PM

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for those double storey or 2 1/2 storey link houses owner (especially those purchase from mahajaya)


you may opt to have discussion on the link below.

i feel this forum more for semi-d or bunglow "millionaires" owner sweat.gif



http://forum.lowyat.net/index.php?act=ST&f...&t=1883923&st=0

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