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

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SUSUFO-ET
post Jun 22 2011, 11:53 PM

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QUOTE(mrhawk @ Jun 22 2011, 10:44 PM)
but what make odd size property attractive to potential buyer?
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Affordable budget, floor area and flexibility
The key feature is built up area, superlink nowadays can reach 3700sf - 4000sf (2 & 2 1/2 -storey) and 5000sf (3-4 storey), it provides an option for buyer who want to buy semi-D and bungalow but constraint in budget.
If given a choice, I believe majority of us are dreaming to stay in a luxury semi-D or bungalow, however those NEW SD and bungalow price are far beyond our reach now, dream remains a dream. The alternative remedy would be Superlinks which cater the needs for large floor area, equipped with SD / bungalow features (quality building materials and accessories, more rooms, infinity/swimming pools, home lift, courtyard or in house garden, double volume high ceiling).
With the scarcity of land and increase in land acquisition cost, unlikely developers willing to built SD / Bungalow with "humanism' selling price anymore, therefore in order to maximize profit and guarantee achieved sales figure, architect attempts to modify the design of the building to suits rich buyer's taste, we can see creative products being marketed such as "Link Villas", "superlinks'', "link bungalow", "zero-lot bungalow", "cluster SD", "water villas' etc


Added on June 23, 2011, 12:05 am
QUOTE(logen33 @ Jun 22 2011, 11:26 PM)
Compared with Setia Alam's 3 storey odd size landed property 26'x82' built up:4515sf selling 1.628 mil & above, KR 3 storey semi-D seem to be value for money!  whistling.gif

http://www.spsetia.com.my/setia-alam/3-sto....aspx?name=Duta Villa 1A&headerbar=0
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Does SA comes with club house facilities? RM360/sf is quite reasonable indeed. Agree that KR 3-storey price (1 mil) is also quite fair (RM310/sf)

This post has been edited by UFO-ET: Jun 23 2011, 12:05 AM
SUSUFO-ET
post Jun 26 2011, 05:36 PM

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QUOTE(airline @ Jun 26 2011, 04:42 PM)
More than lake edge 3 storey already
Personally saw 2 families signing snp

Sorry I not following this thread
The 3 storey is gated and guarded?
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Semi-D / Bungalow G+G
Link houses - F+G
SUSUFO-ET
post Jun 27 2011, 10:26 AM

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QUOTE(airline @ Jun 27 2011, 12:14 AM)
erm F + G = fenced and guarded?
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Yes, something like this

Attached Image Attached Image Attached Image
SUSUFO-ET
post Jun 27 2011, 03:23 PM

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QUOTE(mrhawk @ Jun 27 2011, 02:31 PM)
btw, what are the differences between F+G and G+G?
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F+G - individual title (common area maintained by respective authorities)
G+G - master title (common areas maintained by residents), outsiders need consent (guard's permission) to enter the Taman
SUSUFO-ET
post Jul 2 2011, 07:20 PM

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Kinrara Residence - Sales as at 2/7/2011 (Great week ahead)

Bungalow Purchasers:
1)

Semi-D Three-Storey (total 144 units, 113 units sold) - 78% sold:
1)

Semi-D Double-Storey (total 120 units, 101 units sold) - 84% sold:
1) Covillea
2) driftmeister
3) eric er
4) cooolguy
5) comptechie1
6) liang7524
7) Kinraraboy

Link Three-Storey Purchasers (total 269 units, 225 units sold) - 84% 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 1.068 million
2 storey Semi-D - Left Bumi lot

Attached Image Attached Image

Wow!! Clay bricks, I like it! thumbup.gif


Added on July 2, 2011, 9:58 pmBungalow is a bargain!!

This post has been edited by UFO-ET: Jul 2 2011, 09:58 PM
SUSUFO-ET
post Jul 6 2011, 06:48 PM

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QUOTE(MILAN88 @ Jul 6 2011, 04:52 PM)
To me the price for 3 SSL at 1.03mil is to expensive and now heard that MS had just increased another 30K is madness. Besides having G&G, the major drawback is leasehold property.
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Which project better buy?
SUSUFO-ET
post Jul 7 2011, 01:38 AM

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QUOTE(airline @ Jul 6 2011, 08:22 PM)
How is perdana residence doing?
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heard sub-sale price increase 30% liao..
SUSUFO-ET
post Jul 12 2011, 10:50 AM

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QUOTE(MILAN88 @ Jul 7 2011, 09:30 AM)
Hi UFO. Just found out that you are buyer to the 3 SSL. May i know what makes you go ahead in purchasing the property?. Lastly i also came to know the the 3 SSL is having individual title which makes it only possible to implement F&G and not G&G. Based on my knowledge on F&G, it is up to the owner whether to participate and contribute the mthly management fees. At such i may come a time i.e. after the 2 yrs free management fee whereby the owners there may not wanna pay and this may hindrance the concept of G&G and also not fair to other owners that are still and willing to pay. Hope you can share your thoughts on this.
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Reasons to buy?

1. Landed
2. 221 ft elevated sea level land + cut land (solid)
2. Under value (even is leasehold) - fair value shd be Rm350/sf (Bdr Kinrara freehold is RM400/sf now)
3. I need at least 5 rooms
4. 50 ft wide road (best selling point)
5. I like bocoz of F+G (not G+G)
6. Conquas
7. High ceiling - enhance room space
8. Futuristic + practical layout 3314 sf (not likely owners will do major renovation, in long run, can command higher future value)
9. Club house concept
10. Future access direct to Bkt Jalil - Location is better than BK1-BK5

Dun miss it! smile.gif

Alwiz remember,
There is no perfect house in the market, If you really found one, the price is perfect too! wink.gif

This post has been edited by UFO-ET: Jul 12 2011, 11:01 AM
SUSUFO-ET
post Jul 14 2011, 05:19 AM

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QUOTE(MILAN88 @ Jul 12 2011, 05:35 PM)
Thanks for sharing your thoughts. May i know whether doo you have any worries that after the 2 yrs free maintenance, some owners will stop paying the mthly management fees. FYI the place where i am staying now is facing the said problem and worst still the current management company is not doing a good job. We we thinking to form a committee to look into this matter but some how the response is poor. Therefore my main concern that this might happen to KR as well.
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Even with g+g, you will find some house owners are not co-operative & considerate.
DMC enforcement in certain extend.

SUSUFO-ET
post Jul 15 2011, 04:45 AM

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QUOTE(hacker6280 @ Jul 14 2011, 09:41 AM)
Which Jalan?
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Attached Image Kinrara BK8 is closest to Bkt Jalil - back link road
Attached Image Road fr Sirim Bkt Jalil - Puncak Jalil
Attached Image T-junction, existing left turning to Tmn Puncak Jalil, right turning will be opened straight to BK8
Attached Image Proposed Jalil City interchange at Sirim
SUSUFO-ET
post Jul 20 2011, 03:15 AM

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Kinrara Residence - Sales as at 18/7/2011

Semi-D Three-Storey (total 144 units, 116 units sold) - 81% sold

Semi-D Double-Storey (total 120 units, 98 units sold) - 82% sold

Link Three-Storey Purchasers (total 269 units, 240 units sold) - 89% sold

Link Two-and-a-Half-Storey (Total : 67 units, 46 units sold?) - 69%? sold

Link Double-Storey (Total : 113 units, 106 units sold?) - 94%? sold

Note :
2 & 2 1/2 storey still have 28+units bumi lots open for non-bumi
3 storey Superlink new price 1.068 million
2 storey Semi-D - Left Bumi lot


Added on July 20, 2011, 3:42 am[quote=logen33,Jul 19 2011, 07:58 PM]
[attachmentid=2339202]a new Kinrara Uptown Mall & The Avenue @ Kinrara Uptown

just 3 mins away from kinrara residence’s proposed link road to lestari perdana & 5 mins away from pasar borong Selangor!!!

Please ask mah sing to push for the early completion of the link road.

kinrara residence – another 50% increase in value.

congratulations!
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[/quote]

Link between Kinrara Residence to Kinrara Uptown about 1Km of "Missing road".
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[/quote]
Formally Lestari Puchong commercial zone.
The link road is still pending for another 2 residential developments, existing developments are some abandon projects like Lestari Perdana, Desaminium Park (by Desaminium Jaya) condo.
This project's success is very much depend on the development in the surroundings, there are a few premium residential projects proposed in the pipeline on the north of Kinrara uptown, Mah Sing KR is the main selling point for this project, 800 units of high end property will be a targeted mkt. In order for this project to be success, the link to Kinrara Residence is crucial, as at to-date, the link is still pending for future development next to Kinrara Residence. smile.gif
Kinrara Uptown has the potential to "wong" if the link is open to Bdr Kinrara + link to Bkt Jalil (by Ho Hup) is constructed (to Jalil City)

This post has been edited by UFO-ET: Jul 20 2011, 03:43 AM
SUSUFO-ET
post Jul 20 2011, 09:46 PM

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QUOTE(groggy @ Jul 20 2011, 09:01 PM)
what were the original prices for these 2 and 21/2 storeys?
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2-storey is 698K-728K (depend on location). 2 1/2 is 818K-828K
SUSUFO-ET
post Jul 25 2011, 01:47 AM

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QUOTE(logen33 @ Jul 24 2011, 06:58 PM)
If the property market slow down significantly, what would be the price tag?
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Average big listed developer nett earning is bout 15%.....I dun think the selling price can drop more than 20%, otherwise developer can no longer survive, she won't build any house (for you to buy)
IMO, If mkt really turn bad, in order to maintain the turnover,
1st, developer has to increase the A&P budget to explore new mkt (demand)
2nd, if sales figure doesn't sustain, developer will hv to cut down the overhead and adjust the selling price
3rd, if sales keep dropping, developer has to re position herself (mkt & product differentiation) in order to maintain competitiveness
4th, if mkt is so depress until they can't even cover the administrative expenses (basic salary etc), then the developer may have to close shop. Die straight blush.gif

This post has been edited by UFO-ET: Jul 25 2011, 01:49 AM
SUSUFO-ET
post Aug 1 2011, 07:02 PM

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QUOTE(intostyle @ Aug 1 2011, 03:59 PM)
Went to the site yesterday. From my observation i can the the differences between upgrade unit and non upgrade. this is for double storey house.

1. FACADE : MHJ - Remain as sample house , MS - with door and banister, toilet with aluminium powder coated louvres.
2. TILES : MHJ - Remain same , MS- Kimgress, modern style. Feruni tiles used for 2 x 2 . Use nosing tiles at staircase while MHJ use PVC cove
3. TOILET : MHJ - no concrete kerb between shower , MS - with kerb and granite counter top.
4. LAYOUT : MHJ - Remain as sample house , MS : No wall between kitchen and hall. Directly see kitchen
5. CEILING : MHJ - With plaster ceiling and L box ,  MS : No L box , flat

Value rm28K??
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Club hse membership does matter...
SUSUFO-ET
post Aug 2 2011, 12:13 PM

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QUOTE(pcteck19 @ Aug 2 2011, 10:46 AM)
not just club house, the alarm system, centrex (to guard house), i think these 2 features also included in the upgrade plan.
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Precisely!
SUSUFO-ET
post Aug 3 2011, 10:17 PM

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QUOTE(alfredfx @ Aug 3 2011, 08:44 PM)
what is the use of that? is it necessary?
*
3-storey link house
RM150/mth
100 for security / 50 for club house
SUSUFO-ET
post Aug 4 2011, 10:57 AM

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QUOTE(pcteck19 @ Aug 4 2011, 10:23 AM)
talk to the guard, telling them u have visitor coming, what car plate no.  then guard will let then pass.  smile.gif


Added on August 4, 2011, 10:24 am

then i think all the link house types having the same fee
RM100 security, RM50 club house (1st 2 years FOC)

i heard the staff said, bungalow maintenance fee is about RM500+, lift maintenance is excluded blink.gif  blink.gif
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SD and Bungalow is G+G, like condo, charge per sq price, 10 cent / sf, is in fact very reasonable to maintain such a big common area smile.gif
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post Aug 7 2011, 02:08 AM

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QUOTE(lupjoeq @ Aug 6 2011, 12:05 AM)
just placed booking for the 3storey superlink after heard SA said 2 and 2 1/2 storey link houses r actually MHJ JV with mahsing..she said initially it was a failed project by MHJ..took over by MS and MS changed the specs.
1st hand buyer from MHJ was told they bought at 400k..MS took over,price elevated to rm700k.
MHJ buyers gona earn alot if they were buying the units to invest.
but anyways,duno how true is that. :S
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I was attracted by the facade, be my neighbour, cheers! icon_rolleyes.gif


Attached Image Attached Image Attached Image Attached Image

This post has been edited by UFO-ET: Aug 7 2011, 02:10 AM
SUSUFO-ET
post Aug 21 2011, 02:18 AM

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Great weekend sales by Mah Sing again, with the current stock market uncertainty plus economy turmoil, to my surprise that the sales of Ambrosia is quite encouraging. The sales figure clearly shows that customers are confidence with TMS to deliver a decent & secure living environment, product quality is another key concern factor. Credit to TMS rclxms.gif

Attached Image Attached Image Attached Image Attached Image
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post Aug 21 2011, 11:35 AM

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QUOTE(yoki @ Aug 21 2011, 09:22 AM)
For own stay ok la any price will do
1.9mil to 2.1 mil for investment leasehold investment
Really need to rethink
If recession hit.....to defend a 1.9mil prop vacant house can be hard....
5-6k per month repayment, judging by the material given
My gut feeling mah sing finishing and it's intention to add value to the development is limited
*
Dun agree,
Assuming
A : income 25K buy 2.2 mil SD for investment, installment 10K (30 yrs)
B : income 4K buy 300K condo for investment, installment 1.5K (30 yrs)

IF recession REALLY hit both A & B, wat is the different between both A & B to defend their's property (investment) in hand?
Both will be "mandi" gao gao at the same magnitude. brows.gif
The key issue is not how much you commit, but are you buying the RIGHT property (for investment)?
In mkt turmoil time, stock mkt analyst used to advise clients to keep blue chip counters b'coz the resistant to recession is stronger, the lost could be minimised. IMO, blue chip in real estate is landed property in prime area. cool2.gif

This post has been edited by UFO-ET: Aug 21 2011, 11:42 AM

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