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

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SUSUFO-ET
post May 12 2011, 12:25 AM

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QUOTE(platinum39 @ May 11 2011, 11:59 PM)
Also heard that likely to be launched around 2.5m++. But anyone's guess until actual launch
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Chances < 2.8 mil = 5%
Chances < 2.9 mil = 50%
Chances < 3.0 mil = 50%

my guess...
SUSUFO-ET
post May 12 2011, 11:50 AM

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QUOTE(Covillea @ May 12 2011, 11:32 AM)
confirmed with mah sing, min starting at rm2.8 mil with bumi units. no bumi will be rm2.9 to rm 3 mil.


Added on May 12, 2011, 11:33 am
price for early bird is too low to start off with.
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If developer price reasonable cheap, why would we make noise? quickly and quietly book a unit then (if can afford)
I dun think it is right to ask / hint developer to keep raising the price although we hv booked earlier..developers will do theirs' own survey and act accordingly
TMS price is high enough, let other people has a chance to buy

This post has been edited by UFO-ET: May 12 2011, 11:51 AM
SUSUFO-ET
post May 12 2011, 04:34 PM

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QUOTE(cooolguy @ May 12 2011, 03:54 PM)
I called them up and was told that the bungalow will be at RM2.4M - RM2.8M, land 60'x90', b/u 5000sf.
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I managed to talk to the Chief last Sunday, he indicated 2.8mil -2.9 mil, and not 100% confirm.

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
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
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?
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damn..Kinrara residence price looks so ORDINARY... tongue.gif
SUSUFO-ET
post May 20 2011, 08:45 PM

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QUOTE(MsPopcorn @ May 20 2011, 06:17 PM)
i feel ur thread suitable in Kopitiam..  doh.gif

no info to keep us update + ur chit chatting with krgia 10  doh.gif
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+1, dun forget after long discussion make a summary here ya rclxms.gif
SUSUFO-ET
post May 21 2011, 03:13 AM

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QUOTE(logen33 @ May 20 2011, 11:18 PM)
Investment Checklist:
Summary of Comparison between Kinrara Residence and Surrounding Housing Scheme

Advantages:
1) Location nearer to KL and easy accessibility.
2) Next to Forest reserve with fresh air and environment.
3) High ground with nice view & greening environment.
4) Gated & Guarded with centralized home security alarm system.
5) Contemporary design with premier lifestyle concept living.
6) Clubhouse and nice landscaping environment.
7) Green Building guideline features.
Key Enhancement Factors:
1) Successful Development of Jalil City Commercial Centre.
2) Jalil Interchange to Bdr Bkt Jalil - Ho Hup Jalil City (Sirim junction).
3) Completion of LRT Extension line will ease the traffic congestion
    of Bukit Jalil-Sungai Besi Expressway.
4) The Link road join to Putra Permai - Persiaran Lestari
5) Construction of Kinrara - Damansara Expressway.
Disadvantages:
1) Lease Hold Property:
    -Lack of Sub-sale value
    -Lack of Refinance value
    -Free Hold Property have Larger pool of buyers
    -Lack of Constant appreciation
    -Longer Transaction period needed
2) Surrounded by Free Hold Properties.
3) Traffic congestion at Giant junction.
4) Insufficient Commercial  facilities & activities.
5) Flight Path above Housing Scheme.
6) Near to Forest have potential disturbance by animal & insects (Monkey, snake, termites & bugs)
7) A lot of housing complete at the same time by year of 2014.
8) 2/3 Storey Semi D - Only provided with 4+1 rooms, should have min.5+1 rooms for Semi D.
9) Low Quality Material/Finishes provided by KR as compare with others housing scheme nearby.
10) Club house too small and insufficient facilities.
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+1 good analysis rclxms.gif
SUSUFO-ET
post May 21 2011, 05:17 PM

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Great week ahead!! 10 units of 3-storey Superlink priced at 1.03 million fully sold!! 3-storey Superlink at RM310/sf (RM1.03mil/3317sf) looks so attractive as Kinrara 2-storey new houses have been traded from RM380/sf-RM420/sf now!! Kinrara Residence shd possess at least a x-factor value of 30% (Note Desa Parkcity clocked 100% X-value), given a conservative price of RM330/sf, the upside for 3-storey (3317sf) in 2 years future appreciation could reach a level of RM1.42 mil given all parameters remain constant.

Kinrara Residence - Sales as at 21/5/2011

Bungalow Purchasers:
1)

Semi-D Three-Storey (total 144 units, 107 units sold) - 74% sold:
1)

Semi-D Double-Storey (total 120 units, 91 units sold) - 78% sold:
1) Covillea
2) driftmeister
3) eric er
4) cooolguy
5) comptechie1
6) liang7524
7) Kinraraboy

Link Three-Storey Purchasers (total 269 units, 232 units sold) - 86% 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 new price 1.038 million, only bumi lot available
2 storey Semi-D - Left Bumi lot

This post has been edited by UFO-ET: May 21 2011, 05:23 PM
SUSUFO-ET
post May 22 2011, 11:53 AM

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QUOTE(alfredfx @ May 21 2011, 06:53 PM)
at 330psf, 2s worth 820k ?
380psf, 2s worth 945k ?
seems rediculous
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No surprise, rooms to growth for Kinrara properties as LRT has kicked off lately, plus LDP jam force many Puchong buyers focus in Kinrara, fundamentally Kinrara is better than Bdr Puteri (but price cheaper), obviously it is either Puteri overprice or Kinrara underprice now..
2 units of Kinrara new 22'x75' of BK8 double storey has been sold for 840K recently
SUSUFO-ET
post May 23 2011, 12:19 AM

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QUOTE(alfredfx @ May 22 2011, 09:26 PM)
BK8 in iproperty is selling 780k. Someone i know sold slightly lower than that.
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Pld make clear that BK8 has Sapphire and Emerald, both 22'x75'
price is different between these two
Emerald feature the best in quality, design and layout, sapphire is bout 90%-95% of Emerald in terms of layout and quality
Developer price : Sapphire RM530K, Emerald RM695K
Built up : Sapphire 2350sf, Emerald 2433sf

This post has been edited by UFO-ET: May 23 2011, 12:20 AM
SUSUFO-ET
post May 23 2011, 09:46 AM

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QUOTE(allwerp @ May 23 2011, 08:30 AM)
hi guys....would like to ask the sifu-sifu here one question...how much would it cost approximately to furnish and renovate 3-storey superlink in KR??assuming medium-end....not too low-end but not too high-end either...any ideas??? thanks...
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Very hard to answer yr question. The Kinrara Residence show unit (3-storey Superlink) all in lock-stock-& barrel cost TMS 400K.
ID cost is getting higher & higher, it depends on wat you want.
Confortable (??) move in condition (exclude movable items) easily 150Klah....

SUSUFO-ET
post May 26 2011, 09:17 PM

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QUOTE(logen33 @ May 26 2011, 07:52 PM)
FEAR FACTOR - “Lease Hold Phobia” !!
Expected drop out rate about: 30%???
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Dun really understand, why phobia?
I only know that I have phobia being robbed once, my BK4 house had been broken into once (1998), freehold? Leasehold? Not my concern anymore, safety come 1st..
http://www.youtube.com/watch?v=smpImARSSyA&feature=related
In addition to, if KR is a freehold tenure, do you think TMS will price it the same as now? I think we will hv Mah Sing "freehold price" phobia by then biggrin.gif

This post has been edited by UFO-ET: May 28 2011, 12:33 AM
SUSUFO-ET
post Jun 7 2011, 09:41 PM

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QUOTE(Covillea @ Jun 7 2011, 10:35 AM)
Bread also increased 20 sen from RM3.00 to RM3.20 (6.67% increase).

So house prices in the next couple of weeks will also see some inflationationary increase.
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Real estate and bread are totally different case, I can't see any direct impact of food price adjustment on housing price. Property price is determined by many factors i.e, DD vs SS, gomen tax policy, BNM monetary policy, material cost, currency fluctuation, Foreign investment, change of social structure, urbanization, politic stability etc... complicated cool2.gif

This post has been edited by UFO-ET: Jun 7 2011, 10:22 PM
SUSUFO-ET
post Jun 13 2011, 06:35 PM

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QUOTE(fearless-manyzer @ Jun 13 2011, 06:15 PM)
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.
"
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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? wink.gif

SUSUFO-ET
post Jun 13 2011, 11:52 PM

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QUOTE(fearless-manyzer @ Jun 13 2011, 09:55 PM)
Those properties you have mentioned above all are freehold?
probably that was the reason it was priced above RM300/sf  rclxub.gif
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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.... brows.gif

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 wink.gif


Added on June 16, 2011, 9:32 am
QUOTE(yuzuki joyce @ Jun 7 2011, 09:49 PM)
Hi, Sifu!
i also interested to invest on 3 storey Semi-D, is it worth buying?
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not bad, may consider bungalow also, worth it < 3.0 mil

This post has been edited by UFO-ET: Jun 16 2011, 09:32 AM
SUSUFO-ET
post Jun 16 2011, 01:35 PM

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QUOTE(karma888 @ Jun 16 2011, 01:04 PM)
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.
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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!!



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post Jun 18 2011, 07:15 AM

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QUOTE(Kinraraboy @ Jun 17 2011, 10:34 PM)
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.
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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!! shakehead.gif
my 2 bakuli

This post has been edited by UFO-ET: Jun 18 2011, 07:16 AM
SUSUFO-ET
post Jun 22 2011, 01:29 AM

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QUOTE(logen33 @ Jun 21 2011, 08:47 PM)
What I see not only Mah Sing losing steam, but the whole property market losing steam!
Something go wrong somewhere?
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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
SUSUFO-ET
post Jun 22 2011, 05:46 PM

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QUOTE(mrhawk @ Jun 22 2011, 05:25 PM)
Hi UFO, could you explain "odd size" landed property.
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At least 24x80..ie 30x70, 28x120, 25x85, 26x100...very limited, it will extinct (in prime area) one day

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