must also take into consideration of holding power on froglai...

if you can hold > 5 yrs, think KLCC properties are investible. maybe frogai is not familiar with other areas within Klang Valley.

if Frogai is interested ONLY on capital yield, then buying all properties within KL city centre might not be the best options. Properties outside KLCC/city centre generally yield much better....but you need to familiar with these places.

otherwise, like most overseas based investors...they only see CITY as more secured way of investing....correct me if I am wrong Froglai.

froglai,
would you be able to share with other 3/4 properties that you have bought?
you came into KL property scene only early this year?

thanks for sharing.
no comment as I am not good with condo investment.

given choice, I still prefer to invest in landed......at this stage......

KLEC, if nothing else, at least you got into 1st phase...so nothing to loose, if holds longer term.....

The Element.....single build and dust project.....just like many condos in Ampang area....
I dun see any USP for this project...unless you keep for own stay.

KL - higher rental yield? I hope you have been furnished with reliable info on rental management and rental yield in KL, especially on high end market.

I was "toyed"with the idea of KLEC...but gave up after I noticed that MBR without windows! [based on initial drafted layout]. Not sure if they have changed it before launch.
also, given that at launch time, all other existing condos (from mid valley to real bangsar to bangsar south, pantai) are selling from 450psf to 800psf, personally I find that at 1200psf, the risk is too high. KLEC also rely on the completion of LRT/MRT network to survive. Althought the odd is good, but until and unless they built it....it remains as a bet.

Bangsar UOA sits right outside LRT....with connecting bridge summore....but I don't see that their price has surged beyond expectation.

I was told that for rental purposes, view NOT important, mostly.

most resi condos cant be sold out de.....

remember there is 30% bumi quote.....and developers can only release these units upon completion of the project....upon approval......from local council.

until they are opis where I think bumi quote doesn't come to play, such as empire punya project or summer suites.

tenant will go for whatever rental budget that suits their wallet......

you cant exactly fulfill their wish list.

you just need to market whatever end product you have to the right people.

the construction period wont change even when you bought just yesterday.....
they are standard docs.

legally developers are not allowed to collect 10% deposit but signed the SPA few months later. I doubt that Setia will practise this way.

I think you paid the booking fee in 2012 which is an amount less than 10%.

what was the date on spa?

if you have the official receipt date upon paying 10%...then this date should be used to calculate LAD, not the stamped date. Stamped spa date NEVER used to calculate LAD anywhere.

U signed the spa when u paid the deposit of 10%, usually same day or next day or few days later...hence deposit date should be same as spa date.

Stamped spa date could be anydate after spa signing date and it bears no consequences to LAD calculatuon. If late submission...developer will just have to pay fine.

Google...there are articles written by local lawyers.

This post has been edited by BEANCOUNTER: Jan 11 2017, 09:18 PM

No lah...

1st he talked abt stamped date

2nd you can bring yr case to tribunal if you paid 10% deposit but spa didnt sign immediately or reasonable time frame.

Thanks for the clarification.

Since you didnt pay the full 10% deposit in oct12....there is a grey area there IF developer should foot up the balance on the same day....and take it as you have settled the full 10% as 10% deposit.

Big developers wont push their luck on these laws de...they must have strong legal advices for such action.

Other gurus please feel free to comment.

Then u have a strong case against setia to calculate LAD from oct12.....bring the case to tribunal if they refused to accept this date.

1300psf was their lowest developers' selling price rite?

DIBS is fixed by months de....not until vp.
if beyond stated months, the bank will chase after buyers/borrowers.

yes.....til spa VP date....

not actual vp date.

Am not aware that eco city got mall...

12.5% is lawyers stalk...
By right last 5% to collect from buyers only

Is kul seriously facing opis glut these days?

LAD pay 10%+10%....

dIBS at best below 4%.......