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

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Covillea
post Jan 10 2012, 06:25 PM

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the s&p is not dated & lawyers have asked to sign first.

no hurry actually. can do it after cny.
Covillea
post Jan 12 2012, 11:17 AM

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all g&g must have master title.
Covillea
post Feb 15 2012, 10:25 AM

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QUOTE(logen33 @ Feb 14 2012, 08:28 PM)
TMS already got the development license for KR Semi-D and Bungalow!
Will arrange for signing of S&P soon!

Before signing the S&P, really need to consult all SIFU at this forum:
Is it worth to invest the 3 storey semi-D at 1.65mil.
Need your view...!
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is this confirmed?

heard lawyers say sign spa first but not dated.
Covillea
post Feb 17 2012, 11:02 AM

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QUOTE(UFO-ET @ Feb 16 2012, 01:09 PM)
Nolah... these facts nothing new anymore, just sharing. I do make many wrong predictions, slowly learn fr my past experience.
One thing for sure, to invest in landed property (buy & sell), roads and highway networking (current & future) is the most important factor. The rest like G+G, township planning & concept, Developer, Chinese factor, LRT, location etc are only supporting factors need to be considered.
When I invest in landed property, my Priority concern are :
Is there anyone willing to buy my hse? (any future demand?) and how much lost can I absorb (cut lost & supporting mark)? and not how much can I make out of it...just sharing.


Added on February 16, 2012, 12:41 pm
Till today, many people still dun understand why Kinrara New house price has gone up to 850K mark, I hv been marketing Kinrara hse for the last 10 yrs, the price has been depressed / stagnant since end 1998 - 2nd quarter of 2009, I remembered I said the same thing in 2010 in another thread bout this "LDP bottle neck" issue, in the past when LDP jam is still within acceptance level, buyer dun mind staying in Bdr Puteri or further south.
Fr the feedback of my buyers in 2009, I know this LDP jam is going to create massive diversion among the buyers' choice, LDP jam is yet to reach the peak, we are experience 50% jam at this moment only (I know many people aleli tak boleh tahan liao  doh.gif ), another 50% is on the way when the LRT construction and the elevated highway fr Sunway to Puchong is constructing, LDP will overtake Federal Highway as the worst jam highway in KV soon.
[attachmentid=2687535] study this LRT route, try to imagine how the contractor execute it?

I vested the 3-storey superlink was largely due to no competition from I&P Kinrara range of products. >85% of the subsale landed property (in any area) are for own stay.
My research shows that in majority prime area, the appreciation speed (or amount) of landed property is always faster than the amount of interest you pay to the bank, of course one must be able to catch the "right time' in disposing a particular property, becoz building will get old (deteriorate) against time, price appreciation speed will reduce in conjunction with the aging of the building.  Now you know why the smartest investor only invest in LAND ya! brows.gif
my 2 bakuli.. smile.gif
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you've my salute, UFO-ET!

I seriously thinking of duet residence but only pull-back is skip - how?
Covillea
post Feb 17 2012, 04:07 PM

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QUOTE(UFO-ET @ Feb 17 2012, 03:21 PM)
Not at all!  smile.gif


Added on February 17, 2012, 2:55 pm
SKIP aleli hint you, skip & no regret! tongue.gif
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thanks. will give duet residence a miss then.

any other condos coming up in bk?
Covillea
post Mar 1 2012, 04:30 PM

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yes, understand that mah sing will push for early completion before cny 2013! hence, just 10 months away only!
Covillea
post Mar 2 2012, 11:07 AM

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no need to wait for spa. as you rightly put it, internal goals is to complete by feb 2013. hence, mah sing is rushing.

heard they just got the ap & will be asking purchasers to sign spa soon.
Covillea
post Mar 9 2012, 03:59 PM

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over at duet residence forum, noticed there're people saying the skip highway will cut through kinrara residence @ taman damai utama instead?

if it's true, then mah sing really need to lobby hard with the works ministry & the skip highway stakeholders.

we don't want to see a highway above the bungalow units!!!
Covillea
post Apr 2 2012, 10:16 AM

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many developers in town allow for payment via credit card for the balance of the 10% downpayment.

did you guys pay by card or cheque?
Covillea
post Apr 2 2012, 11:32 AM

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you mean you managed to pay up the remaining 10% via credit card?
Covillea
post Apr 3 2012, 10:16 AM

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for those who've received letter & planned to pay by credit card, please don't sign spa yet.

Wait till mah sing's credit card machine is ready. once you signed spa, you've to pay the balance on the spot.

believe credit card machine will be ready by next week. hence, sign spa next week-lah!

This post has been edited by Covillea: Apr 3 2012, 11:54 AM
Covillea
post Apr 4 2012, 10:52 AM

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yes please arrange to sign spa & loans agreement at kr site so that you can pay via cc.

in any case, mah sing has already made rm3k from our booking fees of rm50k (nov 10 - apr 12: 1.5 year) assuming at 4% p.a. interests!!!

not sure if they charge 2%-3% merchant fees, by right they can't. this is in violation of bank negara's policy, i think.

This post has been edited by Covillea: Apr 4 2012, 05:02 PM
Covillea
post Apr 5 2012, 10:13 AM

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QUOTE(cloner @ Apr 5 2012, 01:57 AM)
?.?  2% is a lot considering your balance for dwnpymt

but last time takda charge pun... maybe changed merchant ?
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developer (merchant) cannot charge. consumer can complain to the bank or bank negara & actions will be taken.
Covillea
post Apr 10 2012, 10:36 AM

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QUOTE(logen33 @ Apr 10 2012, 09:53 AM)
Eventually Kinrara main Highway entry point will rely on SKIP highway; it will have exit & entry point at Kinrara BK6 main road. Skip can link to Kinrara-Damasara highway or Mex > Suke or Kesas > LDP...
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correct, kinrara residence & the surrounding neighborhoods especially those in the untapped seri kembangan (aka puchong south) will benefit tremendously. think this will at least take another 5 years.
Covillea
post Apr 12 2012, 12:15 PM

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it's proposed. looks like bn will excute after ge.
Covillea
post Apr 13 2012, 11:22 AM

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any properties you buy within the triangular sphere of bukit jalil/puchong/seri kembangan will benefit from the growth in this southern klang valley corridor.

coincidentaly, seri kembangan has been rebranded puchong south. but not serdang.

hence, kinrara residence is definitely a good buy.
Covillea
post Apr 17 2012, 10:24 AM

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gooogled & found news at the bottom of the link below:

http://alamsanctuary.77forum.com/f3-media-news
Added on April 17, 2012, 10:25 am




QUOTE(luvimp @ Apr 16 2012, 06:07 PM)
Today news mentioned that Seri Kembangan will propose for MEX link at Putra Permai. It will definitely reduce traffic congestion at Bkt Jalil and Puchong heading to MEX. smile.gif
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which newspaper?

This post has been edited by Covillea: Apr 17 2012, 02:31 PM
Covillea
post Apr 18 2012, 09:31 AM

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this is the most updated collection of news on seri kembangan/puchong south interchange with mex:

http://alamsanctuary.77forum.com/f3-media-news

with the proposed kinrara residence link to lestari perdana, it's only 5 mins to the interchange.
Covillea
post Apr 18 2012, 02:17 PM

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should buy a few more units at kinrara residence!

becos it sits between puchong south (seri kembangan) & bandar kinrara!!!

2-storey semi-d launched last weekend (remaining units) at circa rm1.9mil.
Covillea
post Apr 23 2012, 11:58 AM

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what has setia walk got to do with kinrara residence?

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