Investment M CITY, JALAN AMPANG [OWNERS' THREAD], Mah Sing presents its most iconic
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 Dec 21 2015, 11:16 PM
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Junior Member
25 posts Joined: Dec 2005 From: cogan terrace cardiff  
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if not that long how long should u hold? more than 10 years...or flip after 2-3years with this kind of economy situation. tell me how..i dunno..coz i'm newbie. or better just dump my money at bskl?
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Dec 21 2015, 11:40 PM
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Junior Member
25 posts Joined: Dec 2005 From: cogan terrace cardiff
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QUOTE(ikanair @ Dec 21 2015, 05:16 PM) How does holding it 4 to 6 years would be ok? Thanks for the info...hehe You need to beat the fixed deposit rate (near zero risk) Simple comparison : 1.1M property 1M loan@4.5% 100k Deposit Monthly installment = 5,066k Monthly maintenance = @.35c (say 1000sqft) = 350 5 year cost = 303,960(5066*12*5) + 21,000(350*5*12) + 100,000(deposit) = 424,960 loan outstanding = 911,579 If you sell at 1,336,539 (424,960+911579) , congratz, you get your money back  *of coz not this simple, since you need to pay stamp duty+lawyer fees+agent commission+what nots *above is stupid simple calculations, please add/minus any rental income/misc fees so the big question, can you get 1,336,539 after 5 years? wish i got a crystal ball  for comparison, near zero risk investment (put money in fixed deposit @3% ) 1st lump sump 100k, subsequent monthly topup 5066 after 5 years, you get 443,901 (earn 43k) Warren Buffett - "When forced to choose, I will not trade even a night's sleep for the chance of extra profits" - but some people don't like to sleep at night  |
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Dec 23 2015, 03:42 PM
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Junior Member
173 posts Joined: Aug 2008
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Guys, will MahSing automatically pay the LAD upon VP? Or need to appeal ourselves?
We can only appeal LAD after obtain VP issit? |
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Dec 23 2015, 10:34 PM
Show posts by this member only | IPv6 | Post
#1144
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Senior Member
1,123 posts Joined: Oct 2010
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QUOTE(spy008 @ Dec 23 2015, 03:42 PM) Guys, will MahSing automatically pay the LAD upon VP? Or need to appeal ourselves? from what i experienced thus far, MS will prepare the LAD amount and there is no need to appeal as the workings are in order. U need to pay up all due before VP and the LAD will follow later.We can only appeal LAD after obtain VP issit? |
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Dec 26 2015, 10:13 PM
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Junior Member
46 posts Joined: May 2005
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Just passed by M city earlier today. I cannot imagine it can complete block 1 by january 2016. I think at least after CNY...perhaps April or may will be more realistic.
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Dec 27 2015, 06:56 AM
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Junior Member
165 posts Joined: Apr 2011
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QUOTE(amsjrt @ Dec 26 2015, 10:13 PM) Just passed by M city earlier today. I cannot imagine it can complete block 1 by january 2016. I think at least after CNY...perhaps April or may will be more realistic. I have similar view. If Mah Sing die die want to hand over before CNY, the defect rectification work will take months like Empire City. I hope they can be more professional. |
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Jan 21 2016, 09:34 AM
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Junior Member
9 posts Joined: Apr 2012
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View of Mcity
Attached thumbnail(s) 
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Jan 21 2016, 09:42 AM
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Senior Member
3,833 posts Joined: May 2008
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QUOTE(Goosebumps @ Jan 21 2016, 09:34 AM) View of Mcity This block i think another 6months to go before VP. If you go behind and take photo, the 2nd block is nowhere ready and that is where all the hanging garden still uncompleted. |
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Jan 21 2016, 09:53 AM
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Senior Member
855 posts Joined: May 2010 From: Petaling Jaya, Selangor
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it looks quite nice, actually
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Jan 21 2016, 09:54 AM
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Senior Member
2,515 posts Joined: Jan 2012
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QUOTE(gks @ Jan 21 2016, 09:42 AM) This block i think another 6months to go before VP. hanging garden plants need time to grow also ..hope MS don't just put plastic plants! If you go behind and take photo, the 2nd block is nowhere ready and that is where all the hanging garden still uncompleted. the colors are very dark and foreboding...and this grey and white combination is getting really "common".. |
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Jan 21 2016, 11:18 AM
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Senior Member
3,833 posts Joined: May 2008
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QUOTE(nookie188 @ Jan 21 2016, 09:54 AM) hanging garden plants need time to grow also ..hope MS don't just put plastic plants! MahSing is not reknown for their landscaping works. the colors are very dark and foreboding...and this grey and white combination is getting really "common".. |
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Jan 21 2016, 12:04 PM
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Senior Member
1,123 posts Joined: Oct 2010
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QUOTE(karl_razlie @ Dec 21 2015, 03:02 PM) For this M City if u can hold 4 to 6 years than ok. If not bye bye hi hi....hehe If all others properties need to hold 4-6 years , all died lioa.What a statement |
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Jan 21 2016, 12:06 PM
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Senior Member
1,123 posts Joined: Oct 2010
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QUOTE(odieboy @ Dec 27 2015, 06:56 AM) I have similar view. If Mah Sing die die want to hand over before CNY, the defect rectification work will take months like Empire City. I hope they can be more professional. Thank god MS is not ME. Up till now, none happen on MS project and in fact buyers at least more comfortable with MS now. |
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Jan 21 2016, 08:21 PM
Show posts by this member only | IPv6 | Post
#1154
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Junior Member
275 posts Joined: May 2014
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although the completion is a bit delay, but still acceptable in this moment(worst economic and property).
at least is listed company, we can still see the company got a good cash flow, how many dept, got how many landbank in hand. ME also a big company, but we know not much in this company. especially the cash flow and dept. |
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Jan 21 2016, 10:59 PM
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All Stars
48,447 posts Joined: Sep 2014 From: REality
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QUOTE(Goosebumps @ Jan 21 2016, 09:34 AM) View of Mcity   |
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Jan 27 2016, 02:06 PM
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Junior Member
25 posts Joined: Dec 2005 From: cogan terrace cardiff
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QUOTE(ace77 @ Jan 21 2016, 12:04 PM) If all others properties need to hold 4-6 years , all died lioa. so what do ya think? i'm new in this property investment...with this kind of economic situation. how long need to hold or just sell it when VP or within 2-3years. xplain pz i'm noobs.What a statement |
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Jan 28 2016, 02:32 PM
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Senior Member
7,446 posts Joined: Sep 2008
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I never believe Mah Sing can ever pull that "hanging garden". Why? Just check their project in other places. They will show u AAA grade gardens, but they only delivered B grade. Do ur research and u will know. But nevertheless, i think no need to worry if u can hold on to ur buy until MRT station nearby completed. Until then, find a very2 good tenant ya
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Jan 28 2016, 03:40 PM
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Senior Member
3,833 posts Joined: May 2008
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QUOTE(AMINT @ Jan 28 2016, 02:32 PM) I never believe Mah Sing can ever pull that "hanging garden". Why? Just check their project in other places. They will show u AAA grade gardens, but they only delivered B grade. Do ur research and u will know. But nevertheless, i think no need to worry if u can hold on to ur buy until MRT station nearby completed. Until then, find a very2 good tenant ya The hanging garden stacked on each other for 6 levels and sanchwiched between two longish blocks. Despite East-West orientation, those low gardens probably will be denied constant natural sunlight for its landscaping. The circle line MRT station? Still talk about it? Maybe wait till 2030..... |
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Jan 28 2016, 06:15 PM
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Senior Member
1,123 posts Joined: Oct 2010
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QUOTE(AMINT @ Jan 28 2016, 02:32 PM) I never believe Mah Sing can ever pull that "hanging garden". Why? Just check their project in other places. They will show u AAA grade gardens, but they only delivered B grade. Do ur research and u will know. But nevertheless, i think no need to worry if u can hold on to ur buy until MRT station nearby completed. Until then, find a very2 good tenant ya better buy element instead?? |
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Jan 28 2016, 06:46 PM
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Senior Member
2,515 posts Joined: Jan 2012
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QUOTE(AMINT @ Jan 28 2016, 02:32 PM) I never believe Mah Sing can ever pull that "hanging garden". Why? Just check their project in other places. They will show u AAA grade gardens, but they only delivered B grade. Do ur research and u will know. But nevertheless, i think no need to worry if u can hold on to ur buy until MRT station nearby completed. Until then, find a very2 good tenant ya I do agree with you..now the buyers better pray they don't put plastic plants and flowers instead! |
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