Welcome Guest ( Log In | Register )

Outline · [ Standard ] · Linear+

Investment M CITY, JALAN AMPANG [OWNERS' THREAD], Mah Sing presents its most iconic

views
     
AMINT
post Sep 8 2013, 01:01 PM

Look at all my stars!!
*******
Senior Member
7,446 posts

Joined: Sep 2008
QUOTE(hondaracer @ Sep 8 2013, 12:09 PM)
Balls banging hard for them 😎
*
Hheehe. I have to be honest. I am an element buyer. My prophercy came true. Thats why i only bought the cheapest and lowest floor that time.. Kekeke. Now no difference in terms of view between my unit and "klcc" view. But i bought it the cheapest coz the lowest floor. Lol
AMINT
post Aug 10 2014, 01:24 AM

Look at all my stars!!
*******
Senior Member
7,446 posts

Joined: Sep 2008
QUOTE(Chris Chew @ Aug 10 2014, 12:51 AM)
What? Rental 1300 only at Elements?

Lower than my Zest which is so far away from KL?
*
rm1300psf for subsale. not rental rm1300 per month. hehe. rental rm2.5k and above for studio
AMINT
post Dec 12 2014, 11:31 AM

Look at all my stars!!
*******
Senior Member
7,446 posts

Joined: Sep 2008
QUOTE(janetl @ Nov 26 2014, 05:18 PM)
m city got very attractive sale package......super attractive!!!!.....call me Janet @ 6012 976 2623 to find out more....limited time offer only....

Now everybody can own property near KLCC!!!!

Hurry up before is too late!!!
*
Wahlao eh. This isnt KLCC prop ler. No one should consider this as KLCC prop. Just my 2 cents. I own both Elements and KLCC prop so I am not biased based on location.

This post has been edited by AMINT: Dec 12 2014, 11:31 AM
AMINT
post Dec 12 2014, 04:44 PM

Look at all my stars!!
*******
Senior Member
7,446 posts

Joined: Sep 2008
QUOTE(LMN9997 @ Dec 12 2014, 04:18 PM)
Dont comparing MSuite & City, both are quite different product altogether, what I am trying to tell you is Msuite is not giving me a good return, and I have purchased it abt 4 yrs ago at a much cheaper price compare to MCity. So think about MCity. If you need to know more you may PM me smile.gif
*
Yeah bro. I was told by some expat, rental is bad in Msuite because owners reduced rental gao2. Aiyo, must scold people there and ask them to control market. In elements, if any potential tenants wanna ask for cheap rental, we ask to go fly kite. rather have untenanted than kacau market.
AMINT
post Feb 2 2015, 12:29 AM

Look at all my stars!!
*******
Senior Member
7,446 posts

Joined: Sep 2008
QUOTE(Babizz @ Jan 31 2015, 08:18 AM)
Pilot,

Hv u counted how many units in the area? We don't want a parklane situation for a 1mill prop. I think vacancy was like 36% before elements VPed. Now elements is ready. arte is underway n MCity will be VPing not long from now.

An article yesterday pointed out that highrise units are oversupplied at the moment, so u better check the supply n demand of each area before buying la  flex.gif There's astoria, novo n reizz coming up in a 5km radius.
*
U r right. Super duper oversupply is coming soon.
AMINT
post Feb 2 2015, 09:22 AM

Look at all my stars!!
*******
Senior Member
7,446 posts

Joined: Sep 2008
QUOTE(Babizz @ Feb 2 2015, 09:19 AM)
Are u planning to hold ur elements or sell it off after RPGT is over?  smile.gif
*
I will hold it until the new pavilion comes in together with mrt circle line. Property investment for me is for a long term investment, not short term.
AMINT
post Feb 2 2015, 09:57 AM

Look at all my stars!!
*******
Senior Member
7,446 posts

Joined: Sep 2008
QUOTE(Babizz @ Feb 2 2015, 09:30 AM)
nod.gif  nod.gif Good to know u have everything planned out. A lot of flippers might buy into this M City but might be shocked post VP.
*
Yup. If buy to flip = bad decision in this place.
AMINT
post Feb 2 2015, 05:39 PM

Look at all my stars!!
*******
Senior Member
7,446 posts

Joined: Sep 2008
QUOTE(ihatemyself @ Feb 2 2015, 05:14 PM)
on what basis both of you says its bad?
because its oversupply in the area or project itself.

just wanna hear opinion no right or wrong here.

please share your thought
*
I didnt say it is bad.... i said it is bad if someone buy to flip after vp. Coz oversupply will be a main issue here. Renting out will also be a challenge that time.
AMINT
post Feb 3 2015, 10:08 AM

Look at all my stars!!
*******
Senior Member
7,446 posts

Joined: Sep 2008
QUOTE(Babizz @ Feb 3 2015, 10:06 AM)
both boleh tahan la its arte n elements that greatly increasing the density tongue.gif  tongue.gif Got reizz, 3 towers, novo..

Everytime i see M City's progress, it looks like more pigeonholes. I heard got 70 units in each floor across 3 blocks in M City (from the website).

I duno wthr the skyline will look nicer or just plain high dense. Arte got 50 storeys leh.
*
70 units in each floor? Omg. It better have many lifts. If not tunggu sampai mati baru dapat turun
AMINT
post Feb 3 2015, 12:28 PM

Look at all my stars!!
*******
Senior Member
7,446 posts

Joined: Sep 2008
QUOTE(Babizz @ Feb 3 2015, 12:22 PM)
Lol NEVER depend on foreigners buying ur leftover/lousy products. not all foreign investors are ill informed (only a few who bought lousy products like Tribeca Imbi  tongue.gif )

On ur first point, why do u wanna hold on to this M city thats almost 1000 psf? Do u think there's room to grow? im willing to bet 1k that real prices (adjusted for inflation) here will be less than today's selling prices when it VPs. How much higher can it go? KLCC pricing also 1300 only.. This area shld always be 30-40% cheaper than KLCC.

Why would TRX ppl stay here?? Velocity 3k rental also will have to suffer for a few yrs n u wanna wait 5yrs or more for TRX to be complete n charge 5k for a high densed area that doesnt have any public transport?

I still think this area will see serious price correction if there's a crisis etc. This one suitable fr ownstay if can nego the price down la  biggrin.gif but definitely not a duplex small apartment.
*
Actually some info here not correct. Klcc already rm1800psf to rm2500psf. Vipod klcc already selling rm1800psf. Real transacted subsales price. I know coz i bought 1 subsale there recently

Other comments by u have some valid points in them. Only time will tell.

This post has been edited by AMINT: Feb 3 2015, 12:29 PM
AMINT
post Feb 10 2015, 11:00 AM

Look at all my stars!!
*******
Senior Member
7,446 posts

Joined: Sep 2008
Sorry to say but I never trust Mah Sing. They behave like a chinaman company.
AMINT
post Feb 10 2015, 08:07 PM

Look at all my stars!!
*******
Senior Member
7,446 posts

Joined: Sep 2008
QUOTE(Princezz @ Feb 10 2015, 02:08 PM)
Oh boy! What wrong with "chinaman"? So all "chinaman" companies cannot be trusted? Maybe we should all learn to avoid using racist term. Don't want another Agriculture minister's fiasco.
*
Dude, i am not talking about chinaman = chinese man. I am talking about chinaman from business perspective. Relax. Not being racist or anything ler. Read here:

https://forum.lowyat.net/topic/862547/all

This post has been edited by AMINT: Feb 10 2015, 08:11 PM
AMINT
post Aug 19 2015, 11:51 PM

Look at all my stars!!
*******
Senior Member
7,446 posts

Joined: Sep 2008
Hahaha. I feel like laughing when i read m city owners' comments here. If u think elements is not doing ok, but on the other hand think mcity will be totally different, 180 degrees turn, many people including ahmad maslan will be laughing.


AMINT
post Aug 21 2015, 11:03 AM

Look at all my stars!!
*******
Senior Member
7,446 posts

Joined: Sep 2008
QUOTE(ace77 @ Aug 20 2015, 11:37 PM)
I also want to laugh when element owner believe m city rental will be bad and it will not affect them.
*
Haha. Jangan la terasa, kawan. Most elements owners i know already acknowledged that the rental around the area will be bad because too much supply. Less demand. Cheers
AMINT
post Aug 21 2015, 11:10 AM

Look at all my stars!!
*******
Senior Member
7,446 posts

Joined: Sep 2008
QUOTE(PeriPeri2014 @ Aug 21 2015, 09:16 AM)
boss, why ahmad maslan??  tongue.gif
*
Because ahmad maslan is the most ridiculous person in malaysia right now. But if he reads about this thread and the gungho feeling of owners, he will say," aku pun tak merepek macam ni". Hahaha. Kidding
AMINT
post Oct 7 2015, 11:00 AM

Look at all my stars!!
*******
Senior Member
7,446 posts

Joined: Sep 2008
QUOTE(zenix @ Sep 28 2015, 09:53 AM)
overall quite impressive.
it is far enough yet close enough to get a good KLCC view, unlike the many "KLCC view" bullshit agents say  laugh.gif

my only qualm is that they didn't have any duplex/penthouse units.
*
Can see klcc but so small.
AMINT
post Oct 19 2015, 01:12 AM

Look at all my stars!!
*******
Senior Member
7,446 posts

Joined: Sep 2008
QUOTE(kyun @ Oct 18 2015, 04:43 PM)
Yes... true.

Holding power is the key.

Let's do the simple maths.

The early batch buyers would have not much worries compared to the new buyers.
Because they could always sell at below market price while still fetching some nice profits.
If they've some holding power, they could rent out, after all, their instalment is RM3k+ compared to RM5k (take example 1mil unit), if they could rent out at RM3k the best scenario, they're merely losing RM700-RM800 a month, not entirely a bad deal.

While the new buyers, they would have to lose RM2.5k every month.

After 3 years of collecting the rental, for 900k loan, it's about RM45k principal paid to bank in a year, stll owing RM850k.
While the lost of 2.5k x 36 = 90k.
And we don't even factor in the 'full interest' paid during the construction period. And the RPGT.
RPGT is calculated based on selling price - deducting the SPA price.
So it's about the game of holding power.
*
rm2.5k to rm3k for 700++sqft? Pray hard.
AMINT
post Dec 17 2015, 10:01 AM

Look at all my stars!!
*******
Senior Member
7,446 posts

Joined: Sep 2008
Mcity, dont complete fast2 la.this area already facing a glut
AMINT
post Jan 28 2016, 02:32 PM

Look at all my stars!!
*******
Senior Member
7,446 posts

Joined: Sep 2008
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
AMINT
post Jan 29 2016, 01:33 PM

Look at all my stars!!
*******
Senior Member
7,446 posts

Joined: Sep 2008
QUOTE(ace77 @ Jan 28 2016, 06:15 PM)
better buy element instead??
*
I didnt say such thing wor. I foresee the pros and cons will be in both props

3 Pages < 1 2 3 >Top
 

Change to:
| Lo-Fi Version
0.0239sec    0.70    7 queries    GZIP Disabled
Time is now: 5th December 2025 - 05:08 AM