Welcome Guest ( Log In | Register )

Outline · [ Standard ] · Linear+

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

views
     
icemanfx
post Jun 20 2019, 10:22 AM

20k VIP Club
*********
All Stars
21,456 posts

Joined: Jul 2012


QUOTE(Thasmita @ Jun 20 2019, 09:01 AM)
Still believe it’s over priced. I’m predicting this place will settle at psf of rm 400 to 450. Too much supply.
*
If price could over shot long term price trend during bull run, it will similarly could under shot during bear market. As property price bottomed a few years after economic recession, there is still a long period to go for price to drop.
icemanfx
post Jul 1 2019, 12:20 PM

20k VIP Club
*********
All Stars
21,456 posts

Joined: Jul 2012


QUOTE(Diver Lim @ Jul 1 2019, 12:06 PM)
If look at absolute value, not that unreasonable?
Says average 1,000 sq ft. It's MYR 700/ month, smaller unit 600 sq ft paying around MYR 400/month kinda reasonable?
*
Could fetch how much rental?
icemanfx
post Jul 2 2019, 07:21 AM

20k VIP Club
*********
All Stars
21,456 posts

Joined: Jul 2012


QUOTE(Diver Lim @ Jun 26 2019, 10:44 AM)
If MYR 1,700- 1,800 for a fully furnished Studio for the price are way too low in my opinion.
Fully furnished rent out at that rate mean 2 years you haven't recover from your renovation cost yet.
 
Simply any ulu-ulu place like Kota Kemuning, 500 and 700 sq ft can get 1,300-1,500 dy.
*
There is no one stopping you to ask for higher rental; it is only whether how quick it could be tenanted.

QUOTE(Diver Lim @ Jul 1 2019, 12:06 PM)
If look at absolute value, not that unreasonable?
Says average 1,000 sq ft. It's MYR 700/ month, smaller unit 600 sq ft paying around MYR 400/month kinda reasonable?
*
QUOTE(Diver Lim @ Jul 1 2019, 02:02 PM)
look at it from different way, eventhought 0.70/sq ft are high, absolute value of rm400-700 are not a rare or strange number. Many high rise are easily paying that amount.
*
Typical bolehland consumer mentality; find $9/800g is cheaper than $10/1kg.

This post has been edited by icemanfx: Jul 2 2019, 07:22 AM
icemanfx
post Jul 26 2019, 06:39 PM

20k VIP Club
*********
All Stars
21,456 posts

Joined: Jul 2012


QUOTE(AskarPerang @ Jul 26 2019, 03:33 PM)
I have no idea. But in today market is like impossible can find or grab any cheap lelong unit at famous project like M City, EcoSky, Fennel, Scenaria etc.
Just refer here: https://forum.lowyat.net/topic/4431314/+1420
Market gone haywire I would say. Or maybe buyer market is back without many realising.
*
More likely dead cat bounce.
icemanfx
post Oct 17 2019, 06:39 PM

20k VIP Club
*********
All Stars
21,456 posts

Joined: Jul 2012


QUOTE(AskarPerang @ Oct 16 2019, 09:09 PM)

*
Cheap furniture, unlikely to last long.
icemanfx
post Oct 18 2019, 08:53 AM

20k VIP Club
*********
All Stars
21,456 posts

Joined: Jul 2012


QUOTE(shyityng @ Oct 17 2019, 08:19 PM)
It's ok. As long looking nice to younger generation eyes
*
Many prefer looks over practicality.

QUOTE(LoTek @ Oct 18 2019, 08:30 AM)
What's so impressive about a 2b unit being rented out at 2900 I wonder?
*
Guess few would believe $3k rental, $2.9k is more plausible.

What is claimed could be just a claim.
icemanfx
post Oct 23 2020, 11:09 AM

20k VIP Club
*********
All Stars
21,456 posts

Joined: Jul 2012


QUOTE(AskarPerang @ Oct 20 2020, 03:10 PM)
Both units sold just now.
Level 11 unit sold at reserve price 422,900. Single bidder won unchallened.
Level 33 unit sold at 464k.

Good catch.  thumbsup.gif
*
QUOTE(ahkit123 @ Oct 23 2020, 09:28 AM)
thumbup.gif
*
QUOTE(BeetchX @ Oct 23 2020, 10:33 AM)
In deed a good catch for KL address!!!
*
Poorperly is a zero sum game. vendor's loss is buyer's gain and vv.

This post has been edited by icemanfx: Oct 23 2020, 11:09 AM
icemanfx
post Nov 14 2020, 12:04 PM

20k VIP Club
*********
All Stars
21,456 posts

Joined: Jul 2012


QUOTE(kyun @ Nov 14 2020, 07:15 AM)
No, property like most other investments, are not zero sum game, the money pool will shrink if market price drop.
Vendor's loss might be buyer's loss too.

As one as loser in mah siao properties, I've "advised" most owners to dump these properties since 2015 (look at my thread), and all I got was harsh reply from kiasu and kiasi owners who defending their investments like h-e-ll.

MS is the worst top 10 developers. Now they're going for glove-making, lol.

They're not serious in building homes, just a crook who wants to squeeze $$$ out from every possible ways.

MS started out as a plastic trading company in the 60s, the saw the property boom and jumped on the bandwagon in the 90s and they emphasized all resources in properties since 2000s, now they realized it's a gloom in property but money in whatever areas fighting against covid-19, they again jumped on it.
*
MS ventured into poorperly development after public listing. they are in business, not in charity, venture where money could be made.

This post has been edited by icemanfx: Nov 14 2020, 12:04 PM
icemanfx
post Oct 31 2021, 12:51 PM

20k VIP Club
*********
All Stars
21,456 posts

Joined: Jul 2012


QUOTE(AskarPerang @ Oct 22 2021, 11:24 PM)
2 lelong units sold yesterday.

The smaller size unit attracted 8 bidders.
Fight from 380K and sold at 428K.
Do they even know that this project required double transfer process?

Bigger unit sold at reserve price 534K.
Single bidder won unchallenged.
*
Auction game is not meant for novices. Many novices are mislead by guru leaking practical experience.

5 Pages « < 3 4 5Top
 

Change to:
| Lo-Fi Version
0.0193sec    0.47    7 queries    GZIP Disabled
Time is now: 7th December 2025 - 05:35 AM