My friend who is an agent said that mcity isn't hard to rent out but questionable tenant base.
But it really struggles in subsales transaction.
Investment M CITY, JALAN AMPANG [OWNERS' THREAD], Mah Sing presents its most iconic
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 May 22 2017, 08:08 AM
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#61
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All Stars
12,523 posts Joined: Feb 2013 
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Jun 20 2017, 10:38 PM
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#62
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All Stars
12,523 posts Joined: Feb 2013
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Mcity's occupancy is high. At least 60-70%.
Only very low rental and questionable tenants as a agent told me. |
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Jul 5 2017, 07:08 AM
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#63
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All Stars
12,523 posts Joined: Feb 2013
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QUOTE(yw188 @ Jul 3 2017, 06:31 PM) i see.. so it normally is for long term rental... how about the avrg rental per month there? So far deprecation has been steady. Go figure out whether it's a good buy or not.and will be any appreciate for the value in the future?  |
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Nov 12 2017, 05:19 PM
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#64
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All Stars
12,523 posts Joined: Feb 2013
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3 unit The Elements and 3 unit M City on auction!!
Different size..different unit..different price.. Still need to buy through subsale?? |
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Jan 13 2018, 08:36 AM
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#65
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All Stars
12,523 posts Joined: Feb 2013
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QUOTE(AskarPerang @ Jan 12 2018, 01:40 AM) This should be lelong record now. yes. many more coming soon especially when arte VPs. All this arteh heavy rebate, mostly low holding power investor.7 units available straight. Crazy. Worse performing project!!! 1. 2-26-09, 1653sqft, 1.02M 2. 3-27-16, 977sqft, 945k 3. 2-21-27, 981sqft, 810k 4. 2-7-8, 912sqft, 780k 5. 2-13A-2, 532sqft, 580k 6. 2-11-11, 674sqft, 488k 7. 3-18-08, 533sqft, 405k |
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Feb 24 2018, 09:25 AM
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#66
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All Stars
12,523 posts Joined: Feb 2013
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QUOTE(kswee @ Feb 23 2018, 03:13 AM) 1 bidder 915k, waloweh almost 50% discount. predicted the decline of this area many years back due to extreme supply.m-city paling banyak kes auction. |
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Apr 29 2018, 04:18 PM
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#67
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All Stars
12,523 posts Joined: Feb 2013
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QUOTE(AskarPerang @ Apr 29 2018, 12:18 AM) Yes everywhere got lelong unit. But nothing can beat M City and The Elements at the moment. Both projects top rank never ending lelong units in the market. One unit after another. You may choose not to agree but the truth hurts which is M City certainly not worth 1000 psf at this location. +1. QUOTE(ace77 @ Apr 29 2018, 02:09 AM) So fast agent reply. Excluding Sibehjaya, Please name me 5 condos/svc apartments with a similar ratio of auction units to the number of total units in the auction market that can beat this 2 condos? at times 7-8 units in the auction market.This post has been edited by Babizz: Apr 29 2018, 05:16 PM |
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May 27 2018, 09:38 PM
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#68
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All Stars
12,523 posts Joined: Feb 2013
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42% rebate will kill both the subsale and auction market due to 0 entry of MS direct units.
As one of the earliest to predict the struggle of this area, I can only say I told you so |
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Jun 26 2019, 07:10 AM
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#69
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All Stars
12,523 posts Joined: Feb 2013
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Before buying an auction unit here, do you'll know the maintenance fee?
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Jul 1 2019, 06:56 AM
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#70
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All Stars
12,523 posts Joined: Feb 2013
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QUOTE(potenza10 @ Jun 25 2019, 06:23 PM) based on site visit and inquire to mgmt office, i believe. Averages out to be more than 70cent PSF |
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Sep 8 2020, 06:50 AM
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#71
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All Stars
12,523 posts Joined: Feb 2013
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QUOTE(HereToLearn @ Aug 6 2020, 07:03 PM) GG panic buying is too strong. They should at least wait reizz residence and astoria ampang to be completed to further suppress the price before buying Can't imagine the party when both VP. I feel the transacted price not low enough. One of the highest maintenance in KL.Many moons ago, I predicted that this would happen even without any special events like covid. This post has been edited by Babizz: Sep 8 2020, 07:00 AM HereToLearn liked this post
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Jan 31 2021, 09:53 AM
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#72
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All Stars
12,523 posts Joined: Feb 2013
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QUOTE(AskarPerang @ Oct 20 2020, 01:10 AM) Both units sold just now. Boss hearsay got some new auction units in this M City at 500psf. Post more details on this top notch Mah Siao project. Level 11 unit sold at reserve price 422,900. Single bidder won unchallened. Level 33 unit sold at 464k. Good catch. :thumbsup: |
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Jan 31 2021, 09:03 PM
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#73
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All Stars
12,523 posts Joined: Feb 2013
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QUOTE(MalaysiaCEO @ Jan 31 2021, 06:30 AM) m city izzit the escort area？last time passby..hot moi waiting downstairs, and also the building behind it also ... a lot of pak arab there also. heard from a friend who stayed in airbnb in one of the condos that the men living there are very scary! cant attract ownstay |
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