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 EMPIRE CITY @ Damansara Perdana/Mutiara Damansara, Mixed Development Project in Damasara KL

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mtbk3
post Mar 3 2016, 04:42 PM

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Interesting 140 pages worth of discussion and sharing. Didnt know EC is one of the hot topic here. I would like to join in..........

This is my, and only purely my humble opinion as a owner of a unit in EC.

In a nutshell, as an investor (small time), i always try to look at long term. I try to see how to developer see it. There is always a supporting research done as to why a developer choose to buy a land in a particular area and built a particular type of building and concept. At the end of the day, i dont think any developer, just for the sake of making money (of course profit is also the key point), will simply buy a land and simply build without taking into consideration the potential of the area and its product. Is only whether you belive in the particular developer's plan and direction.

The way i see it, EC will be a big hit. Heck, it may even be the development that will put Selangor on the map, or raise Selangor's status higher. Is like how KLCC put Malaysia/KL on the map (just an example)

Yes, there are alot of setback and complaints and dissatisfaction. Even i myself did make some complaints. But lets not forget, the buy in price was good for something of this scale. Yes, i agree that quality is a issue. But when i know that i have made more than 50% (example) in appreciation/profit, what is a mere RM10,000 taken from the profit to do up the studio unit nicely and let it go? This is just me lah.

Maybe i am not such a power/savvy investor yet, but i manage my expectations. Sort of like saying if you go to a chicken rice shop and order chicken rice for RM10, and you expect some Marini's57 presentation and service. Come one.......

Besides, which developer is perfect? Those more established big developer's property which is more expensive (some), is perfect? Still will have issues, and still ppl will complaint. I find it funny because, if is anything, the complaints should be more aggressive for them because they sell so much more expensive. So if i am paying that much more, my expectation will be higher, and even a little defects or imperfection, i will be furious. But that is not really the case isnt it?

Besides, most of my major complaints is attended to. Not done yet, but at least i was assured it will be rectify. Maybe i am lucky? I dont know. I dont even question.

I am not defending this developer nor am i defending my own interest. Because i agree, they have ALOT ALOT more to improve on. I just want to humbly share my views as an investor (small time) and a owner.

Please dont "flame" me ya. This post is just 100% PURELY my views and my justification to invest in EC and is not intended to make any of you change your mind or to correct your point of views or to defend anyone. Have to put this disclaimer here, as i see there is alot of forumers here that are quite aggressive with their comments and post. Sorry ya..........

This post has been edited by mtbk3: Mar 3 2016, 04:43 PM
mtbk3
post Mar 4 2016, 03:47 PM

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Wahhhhhh....Put my personal disclaimer that it is purely my view and opinion already...Still kena bakar....Ehhh Jangan la......If it is really as bad as you think....Then should kesian me and dont flame me la....Hehehehhe...The car and wheels analogy is a good one though.....

But anyways, is ok la...Each to their own opinions. I am already in there. I just have to have faith and manage my own expectations and do my own follow up lah and press on the developer la. Hopefully all will work out for the better in the end.

I mean, i have taken into account all the issues of flipping, renting, holding on, before i decide to jump in. Isnt that what you should do before jumping in? You mean there are ppl who just jump in without studying and taking into account all this? So i am not so worked up.

But yes, one thing is for sure and i agree with some of you all here, the quality must improve. I honestly will say, of all the property i have (which is not much), this one is not the one that provided me with the most satisfaction. But like i said, i've taken all the risk into consideration and i have been assured that my complaints all will be taken care of. So i belive they will honor (seems nice when i spoke to them) but question is when lor???

And after reading most the post here....honestly....I really really hope for the best.......The posts here kind of affected my optimism a little.... unsure.gif unsure.gif

This post has been edited by mtbk3: Mar 4 2016, 04:22 PM

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