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

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ace77
post Oct 21 2015, 02:29 PM

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QUOTE(kyun @ Oct 20 2015, 01:14 AM)
I like mah siao the least.
My personal thingy.
Honestly was so jealous seeing u guys making million from ms, if i managed to get that, I might lick their logo too.

Let me okay?
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Let me correct this, please do not lick. Just make money onli. I stand to correct that MS is not the worst but it got its own problems. There are lots more outside who gave shittier products.




ace77
post Oct 22 2015, 09:01 PM

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QUOTE(kyun @ Oct 22 2015, 02:51 PM)
From this website:
http://www.propertyguru.com.my/resources/b.../soho-sofo-sovo
So it goes back to SPA again.

Those who bought SOVO (other projects) mostly kena, SOHO still have chances, maybe government doesn't even know or they could change the rules anytime.

Just mention it's one of the risks now. Now buyer shall pay additioanl 6% for commercial prop purchase.
So some 'clever lawyers' playing with backdate spa thingy to go months back, after 1 apr, if you know what i mean... they rather pay for penalty than gst.

But now no lawyers dare to take chances, how could they 'forgot to submit after half year of signing'?
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I don't think u aware that M city under schedule H under HDA. I guess some how u miss this important point.

ace77
post Dec 5 2015, 02:05 AM

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QUOTE(Darkknight2010 @ Dec 5 2015, 01:41 AM)
I am not here to break some agents' rice bowl or making anyone upset or hopeless but the fact is that, M city is a failed development.
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We shall see whether it is fail coming in 2016. Hehe
ace77
post Dec 5 2015, 09:28 AM

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QUOTE(Darkknight2010 @ Dec 5 2015, 09:06 AM)
Suddenly village grocer is opening everywhere.
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Even ikea open their second outlet with third and fourth coming. I seriously do not know what points u want to highlight?



ace77
post Dec 6 2015, 11:08 PM

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QUOTE(HarpArtist @ Dec 6 2015, 07:48 AM)
6 mth is optimistic boss
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I hope they do it good not chasing the time line.
ace77
post Dec 8 2015, 10:24 PM

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QUOTE(daidzz @ Dec 8 2015, 09:02 PM)
I'm not sure about you but if i were investing in a shop lot, I would certainly have a decent understanding of the access to the location and an understanding of the surrounding area's demographic. I'm sure they would have done their research too.

I'm not sure if you know the area at all as you are wrong about pretty much all your statements in terms of accessibility. Having lived in the area for over 20 years - i can say for sure that either:
a) if you know how to get around or
b) just use Waze like most people who aren't familiar with the area will..
..it's fairly easy.
If it isn't obvious already (I personally think it is), all the developers need to do is to put up a sign before flamingo hotel saying '<--- M City' to direct the ones who missed the first turning to turn into the second, and indeed larger, road.

1.  Those coming from the tesco side of MRR2 would come to the traffic light under the bridge, go across (heading towards flamingo hotel) and may turn left at the first turning - yes this is the small access road you speak of and if it's too difficult to do this [it can be difficult if there are a lot of cars coming from the risda/suzi's corner turning], then there is another big road before flamingo hotel which you can turn into - this leads you right back to either the front or rear entrance of M City. This will be the primary access, I reckon, for MRR2 users.

2.  Those coming from Ulu Kelang side of MRR2 can make a LEGAL U-turn at the traffic light (same junction, from the opposite side) parallel to suzi's corner, and take the major turning before flamingo hotel which again, leads right to M City's front and rear entrances.

3. Those coming from ampang baru would just need to go across from Korea town at the intersection (instead of left towards jalan ampang) and take a left at the end (now heading towards ampang puteri) and take another left and you end up at the legal U-turn as situation number 2.

4. Users from KL can either use
i) jalan ampang to get to m-city, which is absolutely fine during non-peak hours/sundays
ii) use jalan ampang hilir to avoid the jam (and you end up in situation 1, at the intersection heading towards suzi's corner)
or, as I prefer
iii) use the AKLEH from the city centre and take the final exit, make a u-turn and you will end up in situation 3 (heading towards ampang puteri) or the penultimate exit and a couple of turns to end up in situation 2.

In addition, the final exit of the DUKE for those coming from hartamas, ttdi, bandar utama side for whatever reason, comes right out onto jalan ulu kelang and you end up in situation number 2.

So i'm not sure exactly what you mean by poor accessibility. I would probably say the complete opposite.

No, M City's survival is likely not to be based on Village grocer, (although it's a big plus) as all the other retail lots have already been taken... I'm not sure how much more evidence you want in terms of the retail lots - though I have some doubts over the high price of the apartment lots (which, mind you, are ~97% sold), if you know this area of ampang at all, the accessibility is actually incredible. Just don't do something silly like try use jalan ampang at 6pm to get to KLCC. Use the AKLEH instead.
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Wow u clearly show who is the one knew the area. Obviously if village grocer investing million here and they do need to the feasibility study. I will be worried if other supermarket operator involved instead village grocer.
ace77
post Dec 9 2015, 07:22 AM

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QUOTE(Darkknight2010 @ Dec 9 2015, 12:37 AM)
I know you are worrying about your investment but if you purchase in 2011 or early 2012 then you are safe.  650-670psf DIBS and you can get LAD from MS ( if they pay la). 

If you buy after 2013 then I am sorry dude, you may have to keep service your loan interest for another year maybe.
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This issue which purchased a unit after 2013 is common for all other properties which have appreciated.
Thus M City here is not exception.

I had not problems so far with MS on the LAD and at least they do not ask for discount.


This post has been edited by ace77: Dec 9 2015, 07:23 AM
ace77
post Dec 9 2015, 09:50 AM

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QUOTE(daidzz @ Dec 9 2015, 09:15 AM)
M City does not have poor accessibility considering it has access from the SAME road as great eastern mall, i.e DIRECTLY on jalan ampang.
If you say that GEM has good accessibility I'm unsure why you feel that M City doesn't if it's on the same road.
Furthermore it has ANOTHER two access roads which you may miss but I doubt others will. Would you prefer a direct highway exit into its car park to satisfy your accessibility needs?

I'm unsure about your market knowledge but tesco and giant do not target the same consumers as cold storage and village grocers.
shakehead.gif

"It remains to be seen whether village grocer will be opened or not?" - what are you even talking about?
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maybe he knew something which we all dont know or the fellow really have a deep tooth with MS. From the map, i really cant see any issues with M City...

user posted image
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ace77
post Dec 9 2015, 10:12 PM

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QUOTE(Darkknight2010 @ Dec 9 2015, 07:21 PM)
Sorry if I hurt your feeling but dude, look at plaza AMPANG city, M city will only suffer the same fate.  Strata title shops manage by owners won't make it dude.  You call me ridiculous but I say I am realistic.  The first SPA is signed in May/June 2011 and its is 55 months and counting.  Damn shiok!!

Since no negative comments are allow then I am leaving this thread and this is my last response here too.  You guys enjoy.
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Good luck and I believe u will make millions soon with your updated insight and market intelligence.

ace77
post Dec 18 2015, 08:14 PM

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QUOTE(Jagalat @ Dec 18 2015, 10:34 AM)
Also, two days ago, passed by a booth in Tesco Midah selling MaSin projects inclusive of MCity...
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now u can find SEG, SH, ES also
ace77
post Dec 23 2015, 10:34 PM

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QUOTE(spy008 @ Dec 23 2015, 03:42 PM)
Guys, will MahSing automatically pay the LAD upon VP? Or need to appeal ourselves?

We can only appeal LAD after obtain VP issit?
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from what i experienced thus far, MS will prepare the LAD amount and there is no need to appeal as the workings are in order. U need to pay up all due before VP and the LAD will follow later.

ace77
post Jan 21 2016, 12:04 PM

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QUOTE(karl_razlie @ Dec 21 2015, 03:02 PM)
For this M City if u can hold 4 to 6 years than ok. If not bye bye hi hi....hehe
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If all others properties need to hold 4-6 years , all died lioa.

What a statement
ace77
post Jan 21 2016, 12:06 PM

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QUOTE(odieboy @ Dec 27 2015, 06:56 AM)
I have similar view. If Mah Sing die die want to hand over before CNY, the defect rectification work will take months like Empire City. I hope they can be more professional.
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Thank god MS is not ME. Up till now, none happen on MS project and in fact buyers at least more comfortable with MS now.
ace77
post Jan 28 2016, 06:15 PM

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QUOTE(AMINT @ Jan 28 2016, 02:32 PM)
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
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better buy element instead??
ace77
post Jan 28 2016, 08:35 PM

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QUOTE(Homesweet8789 @ Jan 28 2016, 07:03 PM)
M city hand over before mid 2016 ?
Check this out

http://www.theedgeproperty.com.my/content/...E2%80%99s-leong
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This one got to pay LAD lor
ace77
post Feb 4 2016, 06:47 AM

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QUOTE(gks @ Feb 2 2016, 01:21 PM)
Mcity first block obtain its CCC?

I assume the CCC is without the completion of the facilities such as the hanging gardens.... The first phase buyers can check in their SPA whether these facilities are part of the contractual delivery or not.
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I guess ur mentioned on first phase must be the soho units. The difference between M City and others are M City soho units is with HDA governed. This the concerns of what happen in other projects will not get repeat here. As purchaser got the protection of the law.
ace77
post Feb 5 2016, 12:19 AM

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QUOTE(amsjrt @ Feb 4 2016, 05:02 PM)
Has anyone got official notice to collect keys from Mah Sing yet? I have not heard anything yet.

As a buyer for Block 1, I read the SPA this morning and there is a separate section for LAD on common facilities. So my understanding is that there will be 2 separate completions, one for your condo unit and one for common facilities. Hence there is separate LADs for these 2 completions. Make sure you claim for both LADs!!
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I am the first block buyer and until today no letter received. When ask, mid 2016. Thus I dunno why some say vp already . Strange

ace77
post Feb 5 2016, 12:20 AM

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QUOTE(nexona88 @ Feb 4 2016, 06:29 PM)
lol can CCC ah? shocking.gif
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The issue who said is ccc? Got buyers confirmed this?

ace77
post Feb 6 2016, 08:02 PM

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QUOTE(odieboy @ Feb 5 2016, 06:50 AM)
They are taking what Tan Sri Leong's press statement as gospel truth. He said MCity and Icon City handover in June. Mana Ada CCC issued now? Happy CNY to all. Pray hard that MS does not behave like irresponsible monkey handover half baked units to purchasers.
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Haha no wonder some people keep repeating the same matter. I am surprise that people could comment like real while it is not
ace77
post Feb 21 2016, 06:06 PM

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QUOTE(Darkknight2010 @ Feb 21 2016, 03:49 PM)
I have friends wanna dump their units (lake facing) at 750psf nego.

Please PM me. 

By the way, mah sing is not responding regarding the LAD.  I think you have to fight for it, mah sing don't make it easy for you.
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There are some agents simply comment and their statement is not true. For buyers, please call direct to avoid these issues.

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