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

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icemanfx
post Oct 6 2016, 07:29 PM

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QUOTE(amsjrt @ Oct 6 2016, 07:22 PM)
I think the management need to set up more  precautions and set up punishment to those liable to the vandalism. I am not saying they doing their job but need to do more.

In any case, I am pleased with occupancy rate so far, better than my expectation.

smile.gif
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If broken window theory hold water and vandalism is not fixed, more vandalism is expected with higher occupancy.

icemanfx
post Oct 16 2016, 07:30 PM

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QUOTE(Bluereeff @ Oct 16 2016, 11:35 AM)
Hi" any owners here have their lighting pics to share? My ceiling is abit high , need some reference. Thanks.

Also do we have FB page for owners at this moment? Maybe can set up.
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Chandelier with long chain.


icemanfx
post Oct 27 2016, 01:07 PM

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QUOTE(amsjrt @ Oct 26 2016, 07:30 PM)
The last time I checked is around RM 1,200 per sqft after discount. Note this also depends on sizes as smaller units will be more expensive.
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For 1,200 psf, one could buy adjacent or near to klcc park.

icemanfx
post May 19 2017, 12:01 AM

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QUOTE(HarpArtist @ May 18 2017, 12:14 AM)
not bad at all.  2 yr ago MS quoted this price for normal studio. downward trend is good for most,  sad for investors.
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If current market sentiment persists, the longer one wait to buy, the lower the price will be.

icemanfx
post May 19 2017, 10:00 AM

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QUOTE(New Klang @ May 19 2017, 07:24 AM)
When prices stagnant, time to buy or sell?
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Property is not the only investment opportunity available.

icemanfx
post May 19 2017, 10:42 AM

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QUOTE(New Klang @ May 19 2017, 10:17 AM)
Are you a simpleton?
This is a M-City thread. I expect responses regarding M-city.

I don't like to get responses that are not M-City related.
The question I ask is very simple. Now I ask slowly to accommodate the speed of your brain.

IS M-CITY A BUY NOW OR LATER?
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Since you already decided and not considering alternative, the answer is obvious and you should buy without further delay.


icemanfx
post May 19 2017, 12:21 PM

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QUOTE(New Klang @ May 19 2017, 10:56 AM)
So you are in favour of BBB without further delay.

rclxms.gif
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For you on m city, yes. Please share with us after you have signed.

This post has been edited by icemanfx: May 19 2017, 12:22 PM
icemanfx
post Jun 19 2017, 10:19 PM

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RM 664,200 | RM 652.46 psf (built-up) | 1,018 sqft (94.58 sqm) | 2 beds | 2 baths

BANK LELONG ** 2+1 Bedroom Apartment ** BANK LELONG

### PROPERTY ADDRESS : Unit No. 2-31-16, Tower 2, M City, No. 326, Jalan Ampang, 50450, Kuala Lumpur.

http://www.peterpropertyauctions.com/24741107

Could be 2nd or 3rd times on auction.

icemanfx
post Jan 27 2018, 05:35 PM

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QUOTE(bigman @ Jan 27 2018, 04:57 PM)
below 400k...sure got buyer
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Until rental yield is attractive, doubt investor would be interested.

icemanfx
post Jan 27 2018, 11:03 PM

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QUOTE(AskarPerang @ Jan 27 2018, 10:35 PM)
Unit number: 3-18-08
533sf Studio 1baths. nice number, Freehold.
Reserve price: RM364K

Layout and unit facing:
» Click to show Spoiler - click again to hide... «


Assume winning at 400k. All other cost legal, stamp duty, repair, furnish = 50k.
Full furnish rental RM1800. (see ads mostly all full furnish, or all unit pre install full furnish by the developer? no idea).
Yield (base on 450k) = 4.8%

Good enough or not?  tongue.gif
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With number of supply available in the area, chances to stay vacant is high and rental is likely to drop.
icemanfx
post Mar 19 2018, 06:05 AM

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QUOTE(Bluereeff @ Mar 18 2018, 08:18 PM)
No regrets getting at $1000 psf. Property investment is long term.
Do you guys know what is Mortgagee sale? Mortgagor default on the loan and banks have to put up the property for auction. Property market has cycles, just have to wait for this tide to be over.
The noise here is toxic. Stirrers are plentiful. It is my choice. I am buying for investment and future appreciation. Mcity has a fantastic pool n view . My unit is facing the lake. I will not sell it for now even if i make a profit.
Period!!
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QUOTE(hairi82 @ Mar 18 2018, 09:15 PM)
Agree..m city i think is good project..better than elements and arte..now is downtrend cycle..so just hold on..they just share auction unit..there is maybe other lucky guy want to invest with lower price taking advantage of this current market..if u understand how market cycles u will not call that as noise and toxic
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The reality is there will be more auction and transacted price is on down trend. At $1k psf purchased price, by next property bull run, price increment could be lower than inflation rate.

icemanfx
post Apr 29 2018, 04:49 PM

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QUOTE(ace77 @ Apr 29 2018, 01:43 PM)
U see. most of the owners who make noise really are new buyers. They dont have enough experiences in the real world.

In any situation, with the retail and residential unit in one building, the retail share units will overwhelmed the residential units. So they are not in the right picture.
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At current market sentiment, number of auction and auction price is expected to get worse.

icemanfx
post Apr 29 2018, 05:17 PM

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QUOTE(AskarPerang @ Apr 29 2018, 05:03 PM)
Minus Cyberjaya, top 3 king in the lelong market is:

1. M City
2. The Elements
3. Central Residence

How irony all 3 projects freehold and bearing KL address yet not doing well at all.
Expecting Southville and Lakeville both projects also by Mah Sing to be the next in line to fill up the top 5 king in lelong market by the end of 2018.
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South ville and Lakeville vp this year, foreclosure in number is more realistic next year

icemanfx
post May 25 2018, 06:27 AM

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QUOTE(gks @ May 25 2018, 12:06 AM)
not sure the reason why all these studios enter auction market.

If the owner couldn't flip it take just a minimal effort and $$$ to furnish it to be rented out.
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Not all could be rented out and those tenanted, rental couldn't pay loan instalment.

With more new supply coming, expect price to drop further.

icemanfx
post May 25 2018, 08:20 PM

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QUOTE(Neoyo @ May 25 2018, 07:14 PM)
Today hot news... 42% OFF for leftover units... Repeat 42% OFF
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Sure or not? Investors will curse and wrath the developer, weak investors may end up in foreclosure.

This post has been edited by icemanfx: May 25 2018, 08:22 PM
icemanfx
post May 25 2018, 08:43 PM

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QUOTE(Neoyo @ May 25 2018, 08:25 PM)
Faster buy..limited units
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Ms just opened the flood gate. Could only hope valuer's price won't base on this else subsale will suffer.


This post has been edited by icemanfx: May 25 2018, 08:45 PM
icemanfx
post May 25 2018, 09:38 PM

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QUOTE(rastablank @ May 25 2018, 09:18 PM)
Waaaa, 42% . Earlier buyers gonna curse MS till hell  sweat.gif
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QUOTE(Clement1001 @ May 25 2018, 09:21 PM)
After 42% , how much? Some more extra 15% if convert  within 60 days, crazy ! Interested here.
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Some may claims, the developer has upped the price, net price is still more expensive than launch price.

icemanfx
post May 28 2018, 12:50 PM

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QUOTE(langstrasse @ May 28 2018, 11:35 AM)
Can any agents please confirm if the 42% rebate is true?

Sorry but I find it hard to believe since I’ve never heard of rebate values anywhere near this number.
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You could always call the developer to find out.

icemanfx
post May 28 2018, 12:57 PM

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QUOTE(IVL @ May 28 2018, 12:53 PM)
I called MCity Sales Manager just now..
Its real deal but rebated from current SPA price
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What is current spa price compared with when new launched a few years ago?

icemanfx
post May 29 2018, 10:29 AM

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QUOTE(boyslikeboys @ May 29 2018, 09:49 AM)
Anyone?
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Can call or visit the sales office to find out.


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