Last row of 3 storey Semi D was open for booking last Sunday. The price is sell at RM1.898mil. Congratulations to the early bird Ha Ha Ha....

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Added on May 16, 2011, 9:28 pmis it a good deal for 3 storey semi D?

So far is anybody have any idea on Mah Sing housing workmanship and quality??

How about Mah Sing housing projects' landscaping, is it impressive??

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Added on May 17, 2011, 7:19 amPrice increase 200k within one month! Crazy....?

This post has been edited by logen33: May 17 2011, 07:19 AM

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

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Added on May 17, 2011, 3:27 pmKinrara Residence 3 storey SD second last row MH re-sell at RM1.888mil.

This post has been edited by logen33: May 17 2011, 03:27 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.

Chance of success investment:
1) High inflation -cause increase of material price & construction cost.
2) Reduced in petrol subsidy for transportation - everything up up up again.
3) Implementation of GST after General election.
4) World economic recovery in near future will benefit to the grow of local economic.
5) Foreign investment in local high-end properties.
6) Limitation of land in good location.
7) Huge group of young generation buyer looking for GnG community with modern concept living.
8) Completion of MRT will enhance properties value at surrounding area.

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Added on May 21, 2011, 8:54 amNo doubt with the current inflation rate, properties price have no reason to drop in future, but “Lease Hold” still the Key Govern Factor for the KR future value & potential.


This post has been edited by logen33: May 21 2011, 08:54 AM

No Doubt with all these good points, it seem to be good deal!
But who really can conquer the Lease Hold “Phobia”?

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Added on May 26, 2011, 8:49 pmBasing on the sale/pre-register record shown very promising!
I believe TMS purposely increased the last row of 2 & 3 storey Semi D to 1.7mil & 1.9mil respectively is to create a comfortable zone to retain the owners until they really ink down the S&P agreement.
Very good marketing strategic!
Percentage of successful rate still very much depending on how the individual owner overcome the FEAR FACTOR - “Lease Hold Phobia” !! Sometime no matter how you perfectly plan, but just one tiny factor is good enough to spoil the whole soup!
Expected drop out rate about: 30%???


This post has been edited by logen33: May 26 2011, 08:49 PM

Lease Hold Property - Fact Sheet

---PJ residents cannot afford RM100,000 to renew their houses’ leasehold titles:
Most residents of Petaling Jaya Old Town whose property lease is expiring in three to 15 years had a shock when they applied for an extension. The premium now costs them between RM80,000 and RM100,000, compared with RM40,000 four years ago.


---Lease extensions to 99 years
KUALA LUMPUR: State governments can approve applications for renewal or extension of leasehold land for a period of not more than 99 years unless they require the land for public purposes.
Deputy Prime Minister Tan Sri Muhyiddin Yassin said all state governments had agreed to adhere to the new policy.
“The implementation of this policy would fulfill the needs of the rakyat who are worried about losing their land titles,” he told reporters after chairing the 66th National Land Council meeting here yesterday.
He said the policy, which was decided during the meeting, would be used as a guide with several conditions which include:

> leasehold land under the categories “building”, “industrial” or “agriculture” for which owners can apply at any time to extend their lease and are not bound by the remainder of the lease period;
> extension of the new lease is not more than 99 years if the land is not required by the government for public purposes;
> it is subject to imposition of relevant fees;
> the new period of the lease is effective from the date of the registration of the new title;



---Leasehold renewal demystified 19/10/2002 NST-PROP By Eileen Ng

Extension and renewal procedure:
1) Procedures for extending or renewing leases both by developers or individual owners are the same.

2) The extension of leases is governed by Section 197 of the National Land Code 1965, Applying for an extension, the lease must first be surrendered to the state government.

3) To fill in a form called Permohonan Serahbalik dan Mohon Semula Tanah Untuk Tujuan Melanjutkan Tempoh Pajakan (application to surrender and re-alienate land to extend lease duration). Those who want their lease extended can opt for either 60 or 99 years.

4) Together with the form, the owner also has to submit to the land office a certified copy of the land title, which can be obtained from the office’s registration department, a copy of the current year’s quit rent receipt, personal and land particulars, a copy of the latest assessment receipt, two copies of site plans and a copy of the applicant’s identity card.

5) Once received the forms, a settlement officer (SO) will be sent to the area to check on the land status to ensure that it is used only for the approved purpose.

6) The SO and the planner will then prepare a report to be incorporated in a draft paper forwarded to the state exco for approval.

7) whole process is estimated to take about three months.

8) Once approved by the exco, owner required to submit another form, Form 12A, which entails giving back the property to the land administrator for re-alienation.

9) If the application is approved, the land office will issue the “Notice that Land Revenue is Due “ (Form 5A) to the property owner, who will have to pay the premium within three months of the date of the notice.

10) Upon payment of the premium, the land office will get the land title ready and inform the property owner that it is ready for collection.

11) The entire surrendering and re-alienating process takes at least one year due. Hence, property owners to start reapplying for an extension at least two to three years before the lease expires.

12) If the lease has expired, property owners will have no choice but to apply for lease renewal using the Permohonan Pemberimilikan Tanah form (Application for Land Re-alienation). The subsequent procedures are the same as applying for an extension.

13) Once the lease has expired, the property automatically reverts back to the state government and this allows anyone to apply for the land.

“Thus, it is very dangerous to let the lease expire,”


High premiums
The renewal premium charged is based on a formula stipulated in the Selangor Land Rules 1966.

For residential areas, the formula is: 1/2 x 1/100 x land size x market value of property x tenure of lease. It means for 99 yrs tenure = About 50% of market land value.

For commercial and industrial properties, the formula is: 3/4 x 1/100 x market value of property x tenure of lease

UFO & mrhark,

Thanks for your valuable opinion and advice!

Expected drop out rate is referring to 2 & 3 storey Semi D’s S&P agreement signing rate!

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Added on May 27, 2011, 7:49 pmBTW,may i know what is the land price per sq.ft. for free hold & lease hold residential at Bandar Kinrara?

This post has been edited by logen33: May 27 2011, 07:49 PM

May i know what is the expected subsale price for 2 & 3 storey semi D when VP on 2014?

Just check with MS today, SA said Semi-D will only be signing S&P 2-3 months later!
It seem to be MS thinking to delay the project after General election. In-oder to evaluate the full impact of inflation before launching of new phases!

Don't be over excited, just my guessing only!
May be they haven't got the plan approval from Majlis !?
You know everyday they are losing interest, because they already committed the selling price!

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Added on June 10, 2011, 9:15 pmAs i know 3 storey Semi D left only the last row selling at 1.9mil!
If u buy at this high price, by the time Vacant Possession most of the ppl (100++) entering at low price about 1.6mil++ is very must easier than u to dispose it, u will be trapped...!
Pray hard... hope for the miracle...!!!

This post has been edited by logen33: Jun 10 2011, 09:15 PM

Correct, now 3 storey SD only left 10 units, with extra 10'L x 40'w > > 400sf x RM120/sf = RM48,000/= (Extra Cost)!
But selling price higher by 150k compared with others!

Youngsters going crazy with "NO Money Down" property investment tactics !!! I think property bubble in creation... will be coming soon!

http://www.facebook.com/pages/Get-Started-...EN/198036411714

What I see not only Mah Sing losing steam, but the whole property market losing steam!
Something go wrong somewhere?

I fully agreed that odd size landed property have good potential and demand!

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!

http://www.spsetia.com.my/setia-alam/3-sto....aspx?name=Duta Villa 1A&headerbar=0

[quote=UFO-ET,Jun 22 2011, 11:53 PM]
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


Superlink property is the compromised product cater for second house buyer or semi-d dreamer!

New iconic project by Mahsing Group at PJ,very nice! Launching soon on this coming Saturday: link: http://www.icon-city.com.my/

Special Preview of i-SOVO duplex suites (exclusively for registrants only) on:-
Date : 16th July 2011
Time : 2pm – 6pm
Venue : Icon City Sales Gallery, SS8, Petaling Jaya (The site of former Matsushita factory, opposite to
Western Digital)


Grand opening of Icon City Sales Gallery and i-SOVO’s sales launch on 17th July 2011.

[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!

[/quote]

Link between Kinrara Residence to Kinrara Uptown about 1Km of "Missing road".

This post has been edited by logen33: Jul 19 2011, 08:12 PM


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This post has been edited by UFO-ET: Today, 03:43 AM
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...

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If these two residential development's land bank belong to abandon projects developer like Lestari Perdana or Desaminium Park as u mentioned, then the chances to revive & re-develop the projects are pretty hard...!
Most probably the development will start from the land next to Kinrara Residence, because it can be quoted as Kinrara project, but anyhow all these project it take 5 to 10 years to become reality...

If the property market slow down significantly, what would be the price tag?