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

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Jack&Guild
post Oct 1 2022, 11:29 PM

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QUOTE(ahkit123 @ Oct 1 2022, 08:38 PM)
jln ampang @500k... whr to get
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Wait for the nx lelong unit and try luck bidding.
Cavatzu
post Oct 2 2022, 07:03 AM

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QUOTE(ahkit123 @ Oct 1 2022, 08:42 PM)
wow if 70sen, then monthly mf is 700+, sakit woi if empty unit
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Wa this sold for around 1400 psf back in 2010! Initially no maintenance fees but now it’s 70c?

Yea this is going the route of hailatville.

Edit: does anyone know the history of this property? Sekali I’m wrong. These were just key info I picked up going backwards in the thread.

This post has been edited by Cavatzu: Oct 2 2022, 01:04 PM
zenix
post Oct 3 2022, 12:05 AM

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QUOTE(ahkit123 @ Oct 1 2022, 08:38 PM)
need to pay additional mot tax... at least another 10k
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MS so shit
elimi8z
post Oct 29 2022, 07:52 PM

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Who no get the lelong unit gonna miss out 😂

This post has been edited by elimi8z: Oct 29 2022, 07:53 PM
AskarPerang
post Dec 19 2022, 03:29 PM

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QUOTE(elimi8z @ Oct 29 2022, 07:52 PM)


Who no get the lelong unit gonna miss out 😂
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Correct.
Attracted more than 10 bidders fight just now.
Each bid 5K increment.
Sold at 995K.
Higher than last month reserve price and also 2 months ago reserve price.
So why wait until price drop to 6th round reauction?
Plus double transfer process.
Good catch?




Jagalat
post Dec 19 2022, 03:49 PM

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QUOTE(AskarPerang @ Dec 19 2022, 04:29 PM)
Correct.
Attracted more than 10 bidders fight just now.
Each bid 5K increment.
Sold at 995K.
Higher than last month reserve price and also 2 months ago reserve price.
So why wait until price drop to 6th round reauction?
Plus double transfer process.
Good catch?

*
Good luck to the catcher!
Ikankoring
post Dec 21 2022, 06:37 PM

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Attached Image

worth it??
Aldo-Kirosu
post Dec 21 2022, 07:25 PM

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Jalan ampang property keeping appear at lelong market. Surrounded within 1km radius ya. Astoria ampang, arte plus, mcity. Jalan ampang coming soon astrum ampang 6k unit. So if ready like the property and ownstay sound OK lah. But investment very high risk.
Jagalat
post Dec 21 2022, 07:34 PM

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QUOTE(Ikankoring @ Dec 21 2022, 07:37 PM)
Attached Image

worth it??
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RM342,630÷532sf=RM644psf

Got double transfer?
Ikankoring
post Dec 21 2022, 07:36 PM

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QUOTE(Jagalat @ Dec 21 2022, 07:34 PM)
RM342,630÷532sf=RM644psf

Got double transfer?
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Should be
gn02164632
post Dec 27 2022, 05:42 AM

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QUOTE(AskarPerang @ Oct 15 2021, 08:43 AM)
Many. Never ending from here.
But is more complicated now to buy from lelong here. 
Coz title already issued and majority if not all units yet to do title perfection.
Double transfer process. Developer (Mah Sing) disallowed direct transfer to the new buyer.
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May i know how much is the cost for double transfer ? If i not mistaken, first transfer is calculate based on snp price ( not include any rebate ) , am i right ?

And the second time transfer is the price u bid, am i right ?

Sorry, may i know is there any example how much it will cost ?

How many % for first time transfer and how many % of the price for second time transfer

This post has been edited by gn02164632: Dec 27 2022, 05:52 AM
Cavatzu
post Dec 27 2022, 08:01 AM

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QUOTE(Aldo-Kirosu @ Dec 21 2022, 07:25 PM)
Jalan ampang property keeping appear at lelong market. Surrounded within 1km radius ya. Astoria ampang, arte plus, mcity. Jalan ampang coming soon astrum ampang 6k unit. So if ready like the property and ownstay sound OK lah. But investment very high risk.
*
The only real draw is for people who “want” to be close to KLCC. Apart from that I don’t see the appeal.
mini orchard
post Dec 27 2022, 08:49 AM

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QUOTE(Aldo-Kirosu @ Dec 21 2022, 07:25 PM)
Jalan ampang property keeping appear at lelong market. Surrounded within 1km radius ya. Astoria ampang, arte plus, mcity. Jalan ampang coming soon astrum ampang 6k unit. So if ready like the property and ownstay sound OK lah. But investment very high risk.
*
Buy cheap at lelong, rent out cheap .... if investor not greedy, will have ready tenants.
flight
post Dec 27 2022, 10:34 AM

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Aready oversupply. Still got ppl build 6k units.


Market will be saturaed for dunno how long
Cavatzu
post Dec 27 2022, 11:02 AM

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QUOTE(flight @ Dec 27 2022, 10:34 AM)
Aready oversupply. Still got ppl build 6k units.
Market will be saturaed for dunno how long
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The question is that when a given plot becomes so high dense, does it then become a slum? Ampang is an ok area but the only real location that escapes reproach for density is MK. Future hotbeds of density in KV like Cheras or OKR/Kuchai will be interesting to note.
elimi8z
post Dec 27 2022, 12:50 PM

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QUOTE(Cavatzu @ Dec 27 2022, 08:01 AM)
The only real draw is for people who “want” to be close to KLCC. Apart from that I don’t see the appeal.
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Astrum is the only direct connected to LRT, iirc
Ikankoring
post Dec 29 2022, 10:43 AM

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This post has been edited by Ikankoring: Apr 4 2023, 04:48 PM
Ikankoring
post Apr 4 2023, 04:47 PM

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any owner's group?
AskarPerang
post May 30 2023, 03:49 PM

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Another lelong unit sold today.
Big size unit 1804sqft.
From 893K. 7th round auction.

Sold at 1.01M. Wow.

Good catch?



nugget2022
post May 30 2023, 03:54 PM

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QUOTE(AskarPerang @ May 30 2023, 03:49 PM)
Another lelong unit sold today.
Big size unit 1804sqft.
From 893K. 7th round auction.

Sold at 1.01M. Wow.

Good catch?

*
better be high risk high return, not high risk low return...?
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