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

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Babizz
post Feb 3 2015, 10:06 AM

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QUOTE(Tsuto @ Feb 2 2015, 08:00 PM)
Wah thanks. Looks really dense... Not sure Reizz residense gonna add how many more..  tongue.gif
I didn't know Astoria has the biggest land size.. always thought m city bigger..
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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.
Babizz
post Feb 3 2015, 10:31 AM

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75 units in 3 diff blocks..so 1 residential block has 24 units..other one 30 for 1 residential block n 21 for soho block.

This post has been edited by Babizz: Feb 3 2015, 10:34 AM


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Babizz
post Feb 3 2015, 10:36 AM

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QUOTE(Tsuto @ Feb 2 2015, 08:33 PM)
How many lifts per block? Anyway, I think in order for this area to work... it needs some transformation... like Amint bro said maybe need MRT/Pavillion to help boost a bit.. immediate neighbour now looks old.
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Tsuto bro,

Can most investors other than Amint (strong holding power biggrin.gif ) wait 5-6 yrs or even more for the MRT or Pavilion.

Pavi group is focusing on BJ mall primarily, Dsara Heights mall (second priority) n this one shld be number 3. Dsara heights developments land costs are the highest la so they have to work hard to recoup land costs.
Babizz
post Feb 3 2015, 10:43 AM

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QUOTE(Tsuto @ Feb 2 2015, 08:40 PM)
Haha maybe need 10 years.
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Tsuto interested in Ampang side?
Babizz
post Feb 3 2015, 11:03 AM

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QUOTE(Tsuto @ Feb 2 2015, 08:52 PM)
Surveying Jln ampang (because this is also one of the area near to TRX - if this ever be successful.. and TREC ..)
Actually I also checking out Maluri area... but Sunway Velocity so expensive  cry.gif

Whats your opinion? I know you think this area saturated and over supply.. but I also think many area in Malaysia also oversupply due to the property boom and all the developers want a share of the cake... launching non stop.. so still need to do more research and get the right one ( I hope so  tongue.gif ) ..
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Boss,

I think TRX won't really make it. I've seen the proposals, progress n i think its btr to avoid velocity n trx at todays pricing. I've analyzed some numbers n potential tenants of TRX(almost non existent) but i feel like TRX might not attract top financial institutions due to a variety of reasons, thats why im advising against TRX. TREC will do very well but i feel 1100 in velocity is not worth it only cos of the surrounding area that can't be redeveloped (i may be wrong). Velocitys mall will just be a normal/mid end mall la not like Sunway putra smile.gif Luxury mall will be TRX's Lifestyle Quarter.

I've always believed that mass market, mid n mid-high end products have more room to grow than high end or speculative locations like Velocity.
Babizz
post Feb 3 2015, 11:06 AM

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If u really want something close to TRX, then u shld look at leftover units in Ekocheras or any other project few stops away on the MRT with a good discount compared to velocity
Babizz
post Feb 3 2015, 12:22 PM

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QUOTE(pilotHans @ Feb 2 2015, 09:42 PM)
was exactly on my mind.....a lot! ...people with good holding power would not mind holding a unit for years without tenants just like some *ehem units there in MKĀ  sweat.gif

on another note are the target tenants from TRX ? smile.gifĀ  both completing on the same period of time? but how many peeps in TRX can afford a 5k small condoĀ  hmm.gif

the sales agent, tried to sell the idea that foreigners can only buy 1mill properties hence M City would be a good hit..problem is id have to compete with 1200++ + a few more K units nextdoor..... sweat.gif
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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.

This post has been edited by Babizz: Feb 3 2015, 12:23 PM
Babizz
post Feb 10 2015, 11:22 AM

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QUOTE(AMINT @ Feb 9 2015, 09:00 PM)
Sorry to say but I never trust Mah Sing. They behave like a chinaman company.
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Yes bro, i think reducing the selling price (affecting early buyers) already shows wht they are capable of doing. My banker friends dnt have good things to say abt MS despite them being big.

Wtv said n done MS formula of building high density n more affordable homes will ensure they become n remain the largest developer in msia. Most buyers think highly of MS as they market/advertise on d papers a lot.
Babizz
post Feb 25 2015, 04:09 PM

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QUOTE(HarpArtist @ Feb 25 2015, 12:52 AM)
Still trying to sell this death trap?  MS can't even pay me my deposit back, have absolutely no confidence in them.
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How much the deposit? this is why good developers dont engage in agents. many conflict of interest cn rise n then fights may happen.
Babizz
post Feb 25 2015, 06:03 PM

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QUOTE(HarpArtist @ Feb 25 2015, 03:50 AM)
mine was 5,yea that's right, current  price is actually lower than it was. and i deal (or dealt)  direct with MS agents and  office, not 3rd party agents.
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looks like ms is just as bad.. cn u imagine if ur loan was approved? u would be paying more than those guys who are buying now
Babizz
post Feb 25 2015, 09:30 PM

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QUOTE(HarpArtist @ Feb 25 2015, 05:25 AM)
exactly, thank god. i was so fortunate.

i was told the loan prob was more om the project according to a certain bank that WAS on the panel. coz I'm just got approval for an even higher loan.
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I think the bank is vary of the valuation n is approaching its quota la.. so borrow with caution.. high density area n product easy to default if things turn sour upon VP.
Babizz
post Mar 23 2015, 10:17 AM

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QUOTE(zenix @ Mar 22 2015, 06:44 PM)
went to their showroom last week.
the ideas are quite impressive, i dunno about the implementation though.
the designs of the units are quite similar to iconcity in pj, but this is freehold not leasehold.

planning on the duplex
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Gd luck if buying fr investment.. tenants will hv thousands of other units nearby to choose frm.. only consolation is the mall gt grocer drool.gif drool.gif
Babizz
post Mar 23 2015, 12:20 PM

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QUOTE(zenix @ Mar 22 2015, 10:12 PM)
buying the biggest duplex of coz for own stay
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then nt bad choice... but are u ok with the density of the surrounding area?whts d price n size u are getting?

congrats btw.
Babizz
post Mar 24 2015, 02:24 PM

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QUOTE(zenix @ Mar 23 2015, 06:59 PM)
choosing the 3+1 duplex, however might be difficult to pass loan on my own, might need to use my current house as collateral. 3+1 simplex i think can pass but single floor in today's condo feels very cramped.

the density is one thing i have considered, however i think will be contra flow since people will be coming into kl to work, getting out shouldn't be such a jam. additionally i work overseas, my gf is an auditor so her schedule is flexible and my mom is retired.

the facilities and gardens would be a good place for my mom to fill her time.
17% discount just pay rm3000 booking everything else by loan.
you're an agent there?  laugh.gif
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i heard this area hard a bit to get loan approval cos high density n might hv hit bank quota, so banks will be more cautious.. like country garden danga bay.. icon_rolleyes.gif icon_rolleyes.gif

ur unit whts d size n final price?
Babizz
post Mar 25 2015, 12:05 PM

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QUOTE(zenix @ Mar 24 2015, 07:44 PM)
for all that is available.
but currently developer units for smaller ones are being sold out quick.
yes, it is very good, you focus on this development only?
i forgot i left the calculations at home.
the biggest duplex bar the penthouse is 1.9m
calculated to be around 8k monthly
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So u bought the 1.9m unit? icon_idea.gif icon_idea.gif
Babizz
post Mar 26 2015, 10:19 AM

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QUOTE(zenix @ Mar 25 2015, 07:19 PM)
awaiting family decision then bank decision  sweat.gif
any issue for malaysians working abroad being paid salary into an overseas bank account to buy property in malaysia?
interested because of the location, design, and freehold.
discussing with family members, not everyone likes the idea of kl  doh.gif
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whr ur family living now? this one shld be gd fr ur mom since downstairs gt grocer la..
Babizz
post Jul 10 2015, 10:29 PM

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QUOTE(HarpArtist @ Jul 10 2015, 12:47 AM)
brows.gif when i said contractors stop coz payment issue, nobody believe and say i spread rumours. now hear they wanna trt contra units with contractor too, really they think malaysians r lulu ke?
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sometimes its best to tag such ppl later on when it happens.. times are not good n its nt easy to get extra financing or even a loan..
Babizz
post Jul 24 2015, 08:29 AM

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how's the progress here.. can any daikor update cos las time i passby look vry little progress (2-3 months)..
Babizz
post Aug 14 2015, 09:57 PM

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3 yrs n still bank rejected units.. nearby rental rm1.5k installment 2.5k.. before all the new units coming up.. progress aso slow..
Babizz
post Aug 14 2015, 11:29 PM

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QUOTE(ace77 @ Aug 14 2015, 09:25 AM)
The project will be delay till end of the year. LAD is coming.. Haha

By the way, invest in M City if got good value, anytime better than the hidden element
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all the apartments here will suffer together due to extremely high supply n density here... elements klcc view will be hit for 4 yrs n after tht mus compete with those units..

best to fly to other areas flex.gif flex.gif

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