wondering how was the response for this development in kinrara
did some research and it appears that the review from propwall is not so positive

http://www.propwall.my/bandar_kinrara/kinrara_residence

"Analysis

The price tags of Kinrara Residence is sky high compared to its surrounding area. Even with its gated and guarded feature, modern architecture and Mah Sing brand, a double-storey located in this area is not supposed to be priced that high.

There have been a bunch of owners raised their voices as being disappointed upon their houses in Kinrara Residence. They were disappointed in the low quality interior provided by the developer on certain areas such as its floor finishing, as it uses cheap parquet strip flooring and cheap bronze color anodized window frame to name a few.
"

Willing buyers and willing sellers, the author of the article does not mention what way he use to claim or justify that the price of the 2-storey is sky high?
RM299/sf for landed leasehold, I think is fair price.
What bout this?
Freehold
BK9 - RM410/sf
Hening - RM400/sf
Desiran - RM350/sf
The Zest - RM400/sf

Those food & beverage items serve in Paparich & Old Town Kopitiam is 50%-100% more expensive than conventional food store, shd this author claims it is sky high as well?

Youngsters going crazy with "NO Money Down" property investment tactics !!! I think property bubble in creation... will be coming soon!

http://www.facebook.com/pages/Get-Started-...EN/198036411714

Those properties you have mentioned above all are freehold?
probably that was the reason it was priced above RM300/sf

Oh? so you mean because of freehold status, any price being transacted is also reasonable and fair accepted?
Those freehold price of > RM400/sf is not expensive?
Make sense a bit....

who doesn't know freehold is better than leasehold?
is just that freehold is not everything, and leasehold is not worthless..
My personal view is given all factors constant, freehold is only 20% better than leasehold, and nothing more

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Added on June 16, 2011, 9:32 amnot bad, may consider bungalow also, worth it < 3.0 mil

This post has been edited by UFO-ET: Jun 16 2011, 09:32 AM

freehold vs. leasehold debate.

do you know that mah sing's cyberjaya (garden residence) is freehold but they sell slower than kinrara residence!!!??? in addition, garden residence per sq ft is cheper than kr!!!???

hence, kr is poised for something bigger when they launch their bungalows shortly.

Previous opinion by you are fairly commendable - keep up the good work bro!

Btw, i'm intend to purchase a few properties purely for investment purposes. Any good recommendation??

My personal view is to wait for the next downturn.

High rise condo or service apt, is bout time to pull the hand brake. If you insist for lower budget <500K condo / service apt, be careful, my suggestion for you is somewhere near colleges, however also need to filter again, here you hv Cyberjaya (MMU etc), Puchong (Rima & Binary), PJ, Sunway, Setapak, Kota Damansara, Bkt Jalil, Shah Alam etc, many, my pick is Sunway Senza Residense (near Tayloy), RRIM (near HELP) & Setapak. Bkt Jalil & Cyberjaya has too many condos supply in near future, be careful...
If landed, invest in special size only (if location is so so), still hv rooms to growth (30%-70%).
my 2 bakuli, Gd luck!!

I received d billing for next 10% too, which due 4th July. But bank is unable to release loan as documents from developer not in place yet. (according to lawyer). Any1 else having d same problem? I m concern of penalty for late payment.

Yup, I called my OCBC. They need advice from Swan & Partner first..

I also received the 10% progressive billing for 3-storey Superlink from Legend Grand Development Sdh. Bhd. (Mah Sing). Check with CIMB and they said CIMB cannot release the money as the documentation is not in order.

Call Mah Sing and they said they are aware of the problems. If they are aware of the problems, why do they bother to send us the progressive billing. The due date is 26 June 2011 and I hope that Mah Sing will not charge us late interests as it is not due to our faults.

Mah Sing need to get their house in order or else the public will have a bad impression of the company.

Almost every renown developer will encounter disputes with purchasers, unless the project is abandoned, otherwise it won't tarnish TMS's name at all.
IMHO, do show black & white evidence, otherwise the ultimate winner will be the developer, I dun think you can get rid of the late interest of the progressive payment, the danger part is if you drag further, the developer has solid ground to claim back the unit, look at the bigger picture, dun end up to save a little only to lose a lot.
Some of the purchasers has agreed with the arrangement right? I think it is a wise move...
Remember, in this country, is not the gomen "tai sai", but the developer is!!
my 2 bakuli

This post has been edited by UFO-ET: Jun 18 2011, 07:16 AM

I have checked with CIMB and Mah Sing on the status. They all agreed that the delay is due to Mah Sing not being able to perfect the documentation and therefore the bank is not able to release the payment. Mah Sing has agreed to look into this problem.

Spoke to Mah sing's credit admin dept too. Person in charge say as long as doc from developer not in place, there wun be late interest charges. But can we trust her word? Or require black & white?

Spoke to Mah Sing again this morning. Apparently there is some delay in the transferring of the land title from Mahajaya to Mah Sing due to the State Consent (for leasehold land). Technically the land still belongs to Mahajaya and therefore CIMB being our purchaser's financier will not release money for the progressive payment.

Hi, get it on black & white... to be safe.

Please send your complaint to tracey.cheong@mahsing.com.my.

According to Tracey from Credit Admin, they will waive all interest charges if the delay is due to Mah Sing. They acknowledge that the current delay is due to them as their documentation is incomplete i.e. transfer of the land title from Mahajaya to Mah Sing

ALternatively you can also call her at 03-9221 6888. I suggest those affected to send an email to her so that it is documented.

What I see not only Mah Sing losing steam, but the whole property market losing steam!
Something go wrong somewhere?

Good news from hohup

http://biz.sinchew-i.com/node/48698.

If Jalil City materialized, there would be a direct link from Sirim. All the BK6,8 greatly benefited when this mega project up and running.

Dun get you??
You mean must BBB mode for new launchings all the way for the next 10 yrs only considered healthy?
The property mkt Bull Run has been going on since mid 2009, it is quite normal that some corrections happen, however I can still see great response for many landed projects i.e Mansions, Bdr Bkt Raja cluster SD, Empire Damansara Superlink homes, Seri Jalil Superlink + SD, Aman Putri Sg Buloh, TTDI Alam Impian etc, these groups of buyers/investors are not crazy, in my opinion, odd size landed properties are still shortage in supply...

This post has been edited by UFO-ET: Jun 22 2011, 01:36 AM