Hi,

I'm 1 of the DS owner too and yet to sign the new/amended S&P. I think I'll take the upgrade and include in my loan.
The thing that I dont understand is why they go and reduce the aircond point, lighting, etc. We pay the upgrade and yet they go and reduce it.
Anyway, it doesnt cost much to MS. Indeed, they should add more points.

Another thing is are you sure they going to delay the completion date? I tought the lawyer told me that it will complete in time.
Thats why they all chasing all the owner to sign S&P so that MS can start work immediately without delay.
If it is real, then all the owner have to stand together and make noise to MS.

The completion time got delay should be expected. The time spend for MS to process the ownership transfer, redraw all the floor plan, sell all the new launch, get you guys to decide want take the update package or not, renovate/tear down the existing show unit, upgrade all the landscape, change guard house location, etc... The old MJ 2&1/2 storey ground floor don't have back door due to build under earth, also fixed by redo all the earth work to lower down the ground so that now it got back door. All these good changes sure take more time.

You all is the luckiest property buyer, now finance in another 28k/50k, not more than half year, u gain >170k already, and get the property that other is purchasing now at 718k/888k, still don't appreciate your luck and complaint, I really speechless.

Some more if the project suppose to take 2 yrs to complete, you force to make it complete by 1.5 yrs, surely the quality will be poorer.

@tiger_gogogo: Don't la so pro MS, later others complain you are from MS.

maybe the existing buyers expecting, no need to spend a dime. >>>>>get the whole gain, like that gain is more right?

Four new highways to be announced in Budget 2011

Written by Melody Song
Monday, 11 October 2010 14:56

KUALA LUMPUR: Four new tolled highways have been proposed for the peninsula and are likely to be announced during the Budget 2011 speech on Friday.

The Edge Financial Daily learned that of the four, one road is already in existence while the other three will be new alignments of existing roads, or roads that are in the process of being built.

It is understood that PLUS Expressways Bhd would be the concession operator of two of the roads, while Permodalan Nasional Bhd (PNB) would run the other two.

The highways to be [COLOR=red]operated by PLUS are from Sungai Dua to Juru in Penang, and from Kinrara to Damansara[SIZE=7][/SIZE] in the Klang Valley, while the PNB-operated highways are said to be from Ampang to Cheras, and from Damansara to Sungai Buloh.

It is learned that a bypass or upgrading is being considered for the Sungai Dua-Juru road, which sees heavy traffic flow and is presently a toll-free road.

According to sources, the upgrading of the road could involve the broadening of the lanes to facilitate smoother flow of traffic, but the cost of the upgrading is not known.

Meanwhile, the other three proposed toll roads are new alignments and seek to alleviate traffic woes plaguing road-users in the suburbs of Kuala Lumpur.

The Kinrara-Damansara stretch would serve to divert some of the traffic from the Lebuhraya Damansara-Puchong (LDP), while the Cheras-Ampang highway may see upgrading works.

It is also said that the Damansara-Sungai Buloh stretch could see a new highway or bypass being built.

Infrastructure project rollouts are expected to be a key focus of Budget 2011, according to UOB Kay Hian Research.

The construction sector is poised to be the key beneficiary of the budget proposals despite lower development expenditure, it said.

There are presently 22 toll road concessionaires in the country.

Investors have of late kept a close eye on these operators following proposals by three parties — MMC Corp Bhd, Asas Serba Sdn Bhd and the Employees Provident Fund (EPF) — to acquire PLUS, which is the largest concessionaire and largest listed toll expressway operator in Southeast Asia.

While Asas Serba is said to be looking to consolidate all of the country’s concessionaires, EPF is understood to be eyeing only PLUS, while MMC is said to be after PLUS as well via its acquisition of PLUS’ parent UEM Group Bhd, which is in turn owned by Khazanah Nasional Bhd.

Khazanah is the single largest shareholder in PLUS, with 2.76 billion shares or a 55.24% stake, followed by EPF with 613.47 million shares representing a 12.27% stake. Kumpulan Wang Persaraan (KWAP) is the third largest shareholder with a 5.78% stake.

PLUS closed at RM4.16 last Friday with 5.91 million shares done.


This article appeared in The Edge Financial Daily, October 11, 2010.

http://www.theedgemalaysia.com/highlights/...udget-2011.html




Could this start at Damai running along Ayer Hitam forest?
There's the only remaining continuously running undeveloped land.
God or bad?

Mah Sing is kind enough, good!

Look, I am not pointing finger at anymore but your view is blantly bias.
You might be bloody loaded to 'ok' the 28k/50k without thinking much. Some people like me need to pay 30 years of installment through my nose on this house so i need to consider when there's changes to the price we're paying.

You said we are the luckiest property buyers and we 'already' gained 170k. I sell to you 728k, you want? It's not a gain until I managed to sell it, ok. I initially bought it from MH not anticipating any gain whatsoever. You should have seen the first day it was launched, there was only 8 ppl including me. I bought to stay not flip. I hope you respect the discussion we have here and not simply giving any inconstructive comment . No one is forcing MS to deliver within 1.5 years, just that it was stipulated in MH's contract and if it is written in a contract, we have right to question it and the fact is MS's staff verbally confirm there is
- No price increment
- No delay in delivery. Both are lies but we can't prove it. Why? Because it is verbally. That's why things stated in contract is bloody important to me.
In the contract also stated every delay (in day) to vacant possession, we are to get 10% per annum from the sales price as compensation! So now I 'lost' (10%*500k)*(152/365days)=RM20821! Who is paying me that?! And now MS comes and ask 28k to make my house more beautiful... Can you imagine the frustration...

How about I let you immediate profit 120k now, i buy from you at 650k now, you want?

Sorry, I am not looking into selling it.

tiger_gogogo, 718K many are queuing to buylah.....
if this project is still under Mahajaya, 600K also nobody want

Ic... actually, I sincerely congrat and happy for those previous owner that buy from MJ.

I was there in the MJ sales office months ago, but when I got there, it's sold out. I like the house, i bring my family to view, they all like it very much, the location is near to my sis, my mum like it very much. The plan was to raise my family there, all the happy scene that live inside the house has been started to appear. The salesman told me that to wait for 2nd phase, so I waited.

I checked routinely with the sales office, then one day, the salesman ask me to prepare money, cos they are converting the bumi lot to normal lot, hell ya, so damn happy, grab all the money from my investment and turn into cash and waited. Then week by week no news, then one day, that sales agent told me that it's took over by MS, and the selling price is to be 600k.

By that time, I still barely able to make it if to loan at 40yrs, so continue to wait. (At that moment, if I weren't to convert my investment to cash, I able to gain another 20k). I check with MS weekly, then finally, MS told me that they are selling at 718k, i had to face reality, I can't afford it. I was frustrated, and very disappointed, all the happy moment imagined, is gone. I'm pretty sad, so do my family.

I may not consider as unlucky, but I'm telling this is because I really hope that existing owner do appreciate their luck of having to buy what they dream for, and I'm sincerely happy for you all.

---

Added on October 12, 2010, 4:52 pmI'm buying.

This post has been edited by tiger_gogogo: Oct 12 2010, 04:52 PM

yea i can feel the frustration of future house buyers. KR shld be a very nice place to live in. so i think the investment are worth while. no need point fingers at anyone. its an open forum, everyone is entitled to his/her opinions.

if u ask me now, with the current price i wld still think its a good buy. u might wan to google back this msg in 2013

tiger_gogogo, what a sad story, let's me correct you, you are just unlucky, does not means that you are making a wrong decision. As you know, Mahajaya is not delivering good house, terrible terrible quality, I was there at the 3-storey showhouse, I can say in my life I never see a "Showhouse" like that, the finishing, flooring levelly, roof tile and slashing not align etc etc, an ex-Mahajaya buyer whom I met, stay at Phase 2 corner house at Taman Damai Utama was complaining heavily, he claimed that 90% of the Phase 1 & 2 house are leaking, and no one attend to them. he asked me to stay away fr this developer and he is looking to dispose off his corner unit.

I understand the feeling of those Mahajaya buyers, especially to fork out additional 28K, imagine if Mah Sing is not in the picture, then we wouldn't know what will happen, but we know it remains like the old Taman Damai Utama, and not Kinrara Residence environment. I believe many of you do not know in 2001 when many buyers including my friends bought Taman Puncak Jalil (formerly known as Bandar Seri Bukit Jalil) fr Talam, all of them are suffering a great loss.

I merely give a fair statement, If I were to pay 28K just for "Insurance", a good product fr Mah Sing, against a possibility of lousy or abandon project, it is definitely worth it!

Many not aware why the previous Damai Utama is sucks. Previously the land is own by group of owners, then MJ approach them and buy over the land by FOC shop lots and houses to these owner. Most of the shop lots and houses is totally FOC to these owner, and are selling at about 250k only. That's why the quality is so poor.

Later on, the new phase, is totally new project, which is selling at 500k+, so if MS not taking this project, the quality will still be to the standard of the pricing.

I agree. That's the main reason why I 'dare' to buy from MJ. Maybe my 'standard' is lower but I do not have much issue about the show units (compare to where I am staying now - Puncak Jalil). Also my intention is to stay therefore investment was the last thing on my mind. My wife really love the show unit and we need to move to a new place soon (my son is growing up) that's why I took the plunge.
Yes, 28k top up for MS's project might be a steal, it's just the way they handle the entire thing with false promises, etc.

Tigergogo, I spoke to one agent last Sunday and he informed me that there's still one/two units available for BK9 (facing LDP) at RM650k. You might want to take a look. Apologize if I sounded too 'harsh'. Got a little bit frustrated with things that happening around.

It's ok mrkenjiro, I think I'll just continue to look forward for any other new property launch in future.

Although I'm not able to make it, but I still keen to know more about the progress of the current project, thanks for provided a lot of insider info for this thread, keep your good work up

When Mah Sing took over, they were thinking to price it at RM599K (2-storey), RM699K (2 1/2 storey) and (828K - 3-storey), with that price range, they verbally agreed to absorb all the upgrading cost, however knowing that they are able to market their house at a higher price, they become greedy and asking a liitle bit more, you can say it's wrong but they has the right to do so.

Property development are entering a different era now, quality life style are getting higher and higher demand, we realise that the X-factor (environmental value) has contributed a great sum to the total appreciation in property value, look at Setia eco park, Desa Parkcity, Mutiara Damansara, Aman Sari etc, try to examine Perdana Residence 2 Selayang, Garden Residence in Cyberjaya, both Mah Sing projects will speaks for itself.

Although Kinrara Residence is leasehold, I still believe the price in 2013 (CF) will be RM850K or RM340/sf (2-storey), RM970K or RM320/sf (2 1/2 storey), RM1.25 mil or RM375/sf (3-storey). I look at the 3-storey design has no competition among Puchong houses. Although it is not not encouraging , I dun see our stupid government can stop the rising in property price..

agree that, the lifestyle is crucial, and it is apparent that Kinrara ppl opt lifestyle over the lease term

what the heck, who cares cos by the time the lease end we already die until habuk pun takdak

Im also a buyer of a 2 storey.. I my opinion the additional amount of RM28K is way above my budget... Im buying for own stay.. In 1 1/2 to 2 years time i need to think about furnishing and others which easily reaches RM100K... Therefore i would rather stick to the old one...

Given a choice i also wont take the upgrade package as bulk of it goes to the club house which wont be completed until the next semi-d phase... Furthermore the clubhouse is not a necessity for me... Instead its more of an additional burden in the future due to monthly fees...

This is just my opinion...

how much is the monthly fees - gg + club