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

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tiger_gogogo
post Oct 5 2010, 03:09 PM

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QUOTE(mrkenjiro @ Oct 5 2010, 12:22 PM)
3 options
- pay by cash
- included in s&p (if you want to finance it)
- or 6 months installment (pay direct to MS)

If you choose not to upgrade
- you will get the old Mahajaya floor plan
- old facade but they give the pergola and lourve thingy so that to make it look 'similar' from afar
- no extra sq feet
- no club house
- no alarm
- no centrex

For owner that purchase from Mahajaya, you need to decide now whether to upgrade or not because the new floor plan will be included into the S&P. And MS has already lost 6 months of construction time... they need to deliver in 1.5 years
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Wonder what push all the new buyer to fall in to this, new 2storey buyer pay 718k, but the previous owner just pay 500k+28k for the same thing.

718-528=190k, RM190,000 difference but get the exactly same thing rclxub.gif
tiger_gogogo
post Oct 7 2010, 12:41 PM

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Heard Joey Yap own 2 units of 3 storey link house there, is it means the Feng Shui there very good? Will the price shoot up because of this?
tiger_gogogo
post Oct 12 2010, 12:53 PM

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QUOTE(endieyap @ Oct 12 2010, 12:27 PM)
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.  unsure.gif
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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
post Oct 12 2010, 04:09 PM

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QUOTE(mrkenjiro @ Oct 12 2010, 03:43 PM)
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...
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How about I let you immediate profit 120k now, i buy from you at 650k now, you want?
tiger_gogogo
post Oct 12 2010, 04:50 PM

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QUOTE(mrkenjiro @ Oct 12 2010, 04:25 PM)
Sorry, I am not looking into selling it.
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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 pm
QUOTE(UFO-ET @ Oct 12 2010, 04:37 PM)
tiger_gogogo, 718K many are queuing to buylah.....
if this project is still under Mahajaya, 600K also nobody want
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I'm buying.

This post has been edited by tiger_gogogo: Oct 12 2010, 04:52 PM
tiger_gogogo
post Oct 12 2010, 06:08 PM

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QUOTE(UFO-ET @ Oct 12 2010, 05:43 PM)
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! icon_rolleyes.gif
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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.
tiger_gogogo
post Oct 12 2010, 06:47 PM

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QUOTE(mrkenjiro @ Oct 12 2010, 06:24 PM)
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.
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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 nod.gif
tiger_gogogo
post Oct 13 2010, 04:31 PM

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QUOTE(pcteck19 @ Oct 13 2010, 10:58 AM)
confirm gg (G&G)? i saw the upgrade package letter from mah sing just stated a guarded community only.........
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Confirmed is G&G. Had checked with MS senior salesperson many times, it's confirmed that it will have 2 guard houses with access card system. Every road will installed with CCTV. Motion Sensor will be installed at surrounding.


Added on October 13, 2010, 4:33 pm
QUOTE(mrkenjiro @ Oct 13 2010, 04:03 PM)
It's not G&G. It will be fenced up and guarded. The reason cannot gate is because it's an individual title. Once a RA is established then G&G can be implemented as long as majority of owner voted to the idea.
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That's the case for I&P project.


This post has been edited by tiger_gogogo: Oct 13 2010, 04:33 PM
tiger_gogogo
post Oct 13 2010, 04:50 PM

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QUOTE(mrkenjiro @ Oct 13 2010, 04:36 PM)
3 storey - yes. 2 and 21/2 - not full g&g
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3 storey, 2, and 2&1/2 is all G&G in 1 taman.
tiger_gogogo
post Nov 16 2010, 01:29 PM

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For those new purchaser (non-MJ purchaser), anyone had signed S&P? Heard that MS is still waiting for the AP license for this project, and about Jan/Feb 2011 only can sign S&P?

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