Was there last weekend, here are my thoughts. Sorry can't remember what the color codes mean

http://a.yfrog.com/img687/5491/kinrararesidence.jpg

- pricing at RM700k for 2-storey, RM800k and above for 3-storey but not confirmed
- medium cost apartment will be situated nearby next to 2b not good IMO
- leasehold as people have mentioned already
- access is very easy although I foresee a traffic lights at the junction going in/out at Jalan Kinrara 6
- design seems very simple compared to the other Mah Sing properties
- club house is in the semi-D section, separate from link house owners. You have to drive out of your section to the club house.

Overall I don't have a good feel for this one compared to recent Mah Sing projects. Garden Residence (Cyberjaya) seemed to have a nicer house design and better master plan plus it was freehold and relatively cheap (in the beginning). Kemuning Residence was a much smaller development with a fantastic zero lot design and all the houses were within walking distance of the club house. Unfortunately that was also leasehold so I walked away too.

Aiming to get a house for stay, personally I'm looking for a decent corner lot but one half of Kinrara Residence will be facing the apartments which is a big no no for me after living in Vista Komanwel overlooking Taman Esplanad

This post has been edited by tishaban: Aug 20 2010, 02:05 AM

Good points overall, I do agree that the Kinrara location is great, I already live here but for me it is not really an upgrade since the price is significantly more which means minimal profit for flipping in the future, plus the leasehold/freehold issue.

Good luck to anyone buying. Sales person said first come first served, I say they're crazy for doing that after going through almost half a dozen Kinrara launches in the past 2 years. Ballotting is the way to go Mah Sing!

The queue started already one week before the launch, there are at least half a dozen people at the office already. Good thing I'm not buying

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.

very sure.

Too late, the line is getting longer by the day

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Added on August 23, 2010, 7:00 pmFair 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


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

While what you say is true for other places, I don't agree about Kinrara Residence. Mah Sing was just lucky in Kinrara because Kinrara area properties are insanely hot for reasons I'm not sure myself. Their designs here are the weakest I've seen (for Mah Sing) and their facilities suck. I love Mah Sing's other offerings eg Kemuning and Garden Residences but I walked away from Kinrara Residences easily.

Is it still worth going for the 2 or 2 1/2 storey units at the current prices (RM780+k and 880+k)? I would probably live there for 2-3 years first before moving away. I'm a bit worried that the prices are already too high so there's not much appreciation in the short term.


This post has been edited by tishaban: Jul 20 2011, 12:34 PM