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

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brainworker
post Aug 21 2010, 09:55 PM

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By looking at the expression of most of the potential buyer, i foresee it will be a hot sale for this phase as not many unit left, around 80+ unit taken by mahajaya buyer and some will be taken by MS staff internal purchase. I only see chinese in the sales gallery today.

The MS stafff is damn lansi, guess no worry on their sales maybe.
eugene jk
post Aug 21 2010, 11:41 PM

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QUOTE(zoomckng @ Aug 21 2010, 08:52 PM)
it was already informed that KR going to be LH. and the goin price is 700+. but still i dont see it having problem to sell. Cant find good property with good locations on FH nowadays. so need to learn to live with it
*
There are ppl just dun like leasehold... there are still option for FH with 700k+ in puchong... it is their choice....

This post has been edited by eugene jk: Aug 21 2010, 11:48 PM
rescuedual
post Aug 22 2010, 10:44 AM

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It's too much for LH DSL selling 700k, no choice but to back off..........booking fee intermediate 30k & corner 50k.......get the cheque ready for booking next Saturday for prospective buyers.
zoomckng
post Aug 22 2010, 02:15 PM

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QUOTE(eugene jk @ Aug 21 2010, 11:41 PM)
There are ppl just dun like leasehold... there are still option for FH with 700k+ in puchong... it is their choice....
*
but is it new property? or used? think nowadays with LH price alredi goin close to 6-700k+. its even harder to find FH in a reasonable range


Added on August 22, 2010, 2:25 pmbtw the next time any visitors stopping to ask me about KR when i'm walking my dog. i'm charging a minimal consultation fee biggrin.gif

This post has been edited by zoomckng: Aug 22 2010, 02:25 PM
driftmeister
post Aug 22 2010, 02:37 PM

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QUOTE(zoomckng @ Aug 22 2010, 02:15 PM)
but is it new property? or used? think nowadays with LH price alredi goin close to 6-700k+. its even harder to find FH in a reasonable range


Added on August 22, 2010, 2:25 pmbtw the next time any visitors stopping to ask me about KR when i'm walking my dog. i'm charging a minimal consultation fee biggrin.gif
*
ur place today got conversation with PDRM?
brainworker
post Aug 22 2010, 03:16 PM

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Whoops... Queue getting longer today... Chairs are provided, feel free to join the queue.
rescuedual
post Aug 22 2010, 04:05 PM

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wonder how much those ppl get pay to queue per day ?
zoomckng
post Aug 22 2010, 05:21 PM

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cant believe ppl r actually queing to be spending that much amount of money. i try to see if can take pic put on here smile.gif
tishaban
post Aug 22 2010, 10:09 PM

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I was one of the people who lined up during the earlier Kinrara launches. My original aim was to buy for my own stay but I got caught up in the BBB fever so it's mostly for investment now. Those were the sub 500k terrace house days and I spent a good deal of money, hired people to line up for me, paid well into the 4-digits for it. Appreciation is close to 40% already so it was worth the money and effort.

I have been hovering around the Kinrara Residence sales office for the past few days but finally decided to skip this one, leasehold and a much higher entry price turned me off. I don't think I can afford to hold on to a 700k property for longer than 1 year and with leasehold, non G&G, very basic design and that apartment looming, it's not so attractive for my own stay either.

At 700k I expect this one to go for maybe 800-850k at key handover assuming the market is similar to today. Let's say 80k initial investment, and 120k gross return in 2 years, that's still around 20+% per year which is excellent.

Still plenty of places to line up for if anyone's interested, no other freehold Kinrara launches in the future, everything's done.

eugene jk
post Aug 22 2010, 10:30 PM

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QUOTE(zoomckng @ Aug 22 2010, 02:15 PM)
but is it new property? or used? think nowadays with LH price alredi goin close to 6-700k+. its even harder to find FH in a reasonable range
y must be new launch?? there are 6-700k existing which are as good as new (just VPed) and its freehold, move in right away....
mikelanding
post Aug 22 2010, 10:50 PM

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QUOTE(tishaban @ Aug 22 2010, 10:09 PM)
I was one of the people who lined up during the earlier Kinrara launches. My original aim was to buy for my own stay but I got caught up in the BBB fever so it's mostly for investment now. Those were the sub 500k terrace house days and I spent a good deal of money, hired people to line up for me, paid well into the 4-digits for it. Appreciation is close to 40% already so it was worth the money and effort.

I have been hovering around the Kinrara Residence sales office for the past few days but finally decided to skip this one, leasehold and a much higher entry price turned me off. I don't think I can afford to hold on to a 700k property for longer than 1 year and with leasehold, non G&G, very basic design and that apartment looming, it's not so attractive for my own stay either.

At 700k I expect this one to go for maybe 800-850k at key handover assuming the market is similar to today. Let's say 80k initial investment, and 120k gross return in 2 years, that's still around 20+% per year which is excellent.

Still plenty of places to line up for if anyone's interested, no other freehold Kinrara launches in the future, everything's done.
*
Good analysis. Thank U.
Seem like a risky option to invest sweat.gif
Iceman74
post Aug 22 2010, 10:57 PM

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r u guys sure ppl queing up? or something else...lol


tishaban
post Aug 22 2010, 11:02 PM

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QUOTE(Iceman74 @ Aug 22 2010, 10:57 PM)
r u guys sure ppl queing up? or something else...lol
*
very sure. biggrin.gif

brainworker
post Aug 23 2010, 12:03 AM

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Those are with legs under the sun...

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This post has been edited by brainworker: Aug 23 2010, 12:03 PM
mrkenjiro
post Aug 23 2010, 12:47 PM

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My concern is who is paying the disbursement fee , Legal and Stamp Duty for the new S&P
I am definitely not paying that!!


Added on August 23, 2010, 12:56 pm
QUOTE(tishaban @ Aug 22 2010, 10:09 PM)
I was one of the people who lined up during the earlier Kinrara launches. My original aim was to buy for my own stay but I got caught up in the BBB fever so it's mostly for investment now. Those were the sub 500k terrace house days and I spent a good deal of money, hired people to line up for me, paid well into the 4-digits for it. Appreciation is close to 40% already so it was worth the money and effort.

I have been hovering around the Kinrara Residence sales office for the past few days but finally decided to skip this one, leasehold and a much higher entry price turned me off. I don't think I can afford to hold on to a 700k property for longer than 1 year and with leasehold, non G&G, very basic design and that apartment looming, it's not so attractive for my own stay either.

At 700k I expect this one to go for maybe 800-850k at key handover assuming the market is similar to today. Let's say 80k initial investment, and 120k gross return in 2 years, that's still around 20+% per year which is excellent.

Still plenty of places to line up for if anyone's interested, no other freehold Kinrara launches in the future, everything's done.
*
Hi, I have this question in my mind for a while now regarding the subsales for I&P's projects.
Do you actually managed to sell a 500k house for 650-700k? I understand a lot of investors are holding to it but they have NOT actually manage a sales. Don't get me wrong because initially I bought this place to stay but if the return is THAT good then I might consider selling it so I need input from property investor like you


This post has been edited by mrkenjiro: Aug 23 2010, 04:57 PM
Iceman74
post Aug 23 2010, 03:26 PM

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QUOTE(mrkenjiro @ Aug 23 2010, 12:47 PM)
My concern is who is paying the disbursement fee , Legal and Stamp Duty for the new S&P
I am definitely not paying that!!


Added on August 23, 2010, 12:56 pm

Hi, I have this question in my mind for a while now regarding the subsales for I&P's projects.
Do you actually managed to sell a 500k house for 650-700k? I understand a lot of investors are holding to it but they have NOT actually manage a sales. Correct me if I am wrong.
*
fully agreed with you, good news will always spread faster then bad news thumbup.gif
MsApprentice
post Aug 23 2010, 05:28 PM

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Start queing now?

TSaccetera
post Aug 23 2010, 06:23 PM

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de design is NOT ICONIC ENOUGH..... =)
eugene jk
post Aug 23 2010, 06:41 PM

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QUOTE(accetera @ Aug 23 2010, 06:23 PM)
de design is NOT ICONIC ENOUGH..... =)
*
u expect MS to hav another The Icon Kinrara?? laugh.gif
tishaban
post Aug 23 2010, 06:57 PM

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QUOTE(MsApprentice @ Aug 23 2010, 05:28 PM)
Start queing now?
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Too late, the line is getting longer by the day biggrin.gif


Added on August 23, 2010, 7:00 pm
QUOTE(mrkenjiro @ Aug 23 2010, 12:47 PM)
Hi, I have this question in my mind for a while now regarding the subsales for I&P's projects.
Do you actually managed to sell a 500k house for 650-700k? I understand a lot of investors are holding to it but they have NOT actually manage a sales. Don't get me wrong because initially I bought this place to stay but if the return is THAT good then I might consider selling it so I need input from property investor like  you
*
Fair question. A colleague and neighbor bought phase 7A24, sold it for about RM650k roughly 3 months ago. I myself have been deluded by calls but obviously sales agent promises don't necessarily mean anything biggrin.gif


This post has been edited by tishaban: Aug 23 2010, 07:00 PM

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