Investment M CITY, JALAN AMPANG [OWNERS' THREAD], Mah Sing presents its most iconic
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 Jul 20 2015, 10:27 AM
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#1
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All Stars
20,146 posts Joined: May 2011 
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650psf was the burung awal price...as I remember.....
usual for mahsing to give super duper discount for early birdies...then later jack up prices.... not sure if its fully furnished or not. |
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Jul 20 2015, 10:34 AM
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#2
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All Stars
20,146 posts Joined: May 2011
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mah sing hopeless.....
even the introduction incentives of rm2000 also didn't pay, after 2 looooooooooong years........ no more mahsing properties..... |
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Aug 30 2015, 01:22 PM
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#3
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All Stars
20,146 posts Joined: May 2011
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I am in full support of GKS.
of course no all studios are doing well.....you must know where to buy... so far among my peers.....NONE of them have difficulty rented out their studios......and I dun mean just one or two units..... rental drops, YES...but not to the point you need to rent out 1/2 price and coughing blood every month to cover your instalments. |
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Aug 31 2015, 12:22 PM
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#4
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All Stars
20,146 posts Joined: May 2011
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QUOTE(neonikson1 @ Aug 30 2015, 02:51 PM) Based on your experience which projects would you recommend for rental yield ? sorry I am not into rental yield......and also dun have experience in rental business...... |
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Jun 26 2016, 08:33 AM
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#5
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All Stars
20,146 posts Joined: May 2011
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4mths is definitely not a long time to hunt for tenants.
But with this jln ampang scenario...the longer u wait..the more units will float into market.... Blood bath really.... |
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Aug 2 2016, 12:03 PM
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#6
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All Stars
20,146 posts Joined: May 2011
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sure got cash trapped owners bite de......
I wonder how secure is the 3-year lease term..... |
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Aug 2 2016, 04:39 PM
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#7
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All Stars
20,146 posts Joined: May 2011
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Of course we hear of speedrent.
Why dun you register there? Sppedrent is not 'deposit free'..... |
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Aug 2 2016, 04:45 PM
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#8
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All Stars
20,146 posts Joined: May 2011
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Here foc mah..
Place classified need duit tau..... Single sen saved is a sen profit. |
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Aug 2 2016, 05:27 PM
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#9
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All Stars
20,146 posts Joined: May 2011
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QUOTE(nookie188 @ Aug 2 2016, 04:53 PM) there is a difference between using speedrent and going direct .. Sorry "you" in about statement mean speedrent?Speedrent gives a "guarantee" for the deposit so if the tenant runs off , then speedrent will pay the 2 months rental..however in your case, if you run off, the owner ends up with nothing.. so gks - yes, that is a good suggestion... he should use speedrent. |
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Aug 2 2016, 09:16 PM
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#10
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All Stars
20,146 posts Joined: May 2011
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No thanks to speedrent
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Aug 3 2016, 12:48 PM
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#11
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All Stars
20,146 posts Joined: May 2011
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QUOTE(gks @ Aug 3 2016, 11:37 AM) Catch no ball of your argument no lah.....I believe the forumer was saying doesn't mean owners got fat LAD they will keep the unit vacant for one year. who will turn away tenant if there is demand? deposit issue aside...Got fat check from developer is better than no fat check. Regardless good or bad fs. The fat check is also can be used to renovate the unit nicely to attract good profile tenant who can afford to put down deposit. I totally get him.....if everybody also rather hold empty for 1 year bcos of fat LAD, then it will indirectly create bad feng shui for the building and business for M City. |
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Aug 3 2016, 12:51 PM
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#12
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All Stars
20,146 posts Joined: May 2011
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QUOTE(gks @ Aug 3 2016, 11:41 AM) I think speedrent is not a culprit here I am sure they have mechanism to protect themselves for example credit card record. there is no denying that speedrent opens the door for tenant of the possibility of NO DEPOSIT mechanicism. Some people just want to take further advantage of it.But regardless the market condition..... as landlord you need to insure yourself from damage, risk of non paying tenant and by securing the 2+1months deposit, you can mitigate such risks. BUT whether the credit card info holds any water...I am not sure....I dunno if tenant can call up his credit card company and claimed unauthorised usage of his credit card or not. |
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Oct 1 2017, 03:58 PM
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#13
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All Stars
20,146 posts Joined: May 2011
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QUOTE(AskarPerang @ Sep 15 2017, 05:59 PM) An update on these 2 units. which one is reserved price? the advertised price?Bottom unit got sold at reserve price single bidder. Top unit nil bidder all the way. now reserve price is at 707k.  noob question here.... if the advertised price or reserved price as per above ads...if there is no bidder for that price but someone is willing to offer 10% lower....will the property got sold on the same day? |
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Oct 1 2017, 05:00 PM
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#14
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All Stars
20,146 posts Joined: May 2011
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QUOTE(Nikmon @ Oct 1 2017, 04:56 PM) so many auction unit, really stressfull Why stressful? |
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Mar 13 2018, 01:23 AM
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#15
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All Stars
20,146 posts Joined: May 2011
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There are many developments not vped yet right in this stretch?
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Mar 13 2018, 11:21 AM
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#16
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All Stars
20,146 posts Joined: May 2011
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QUOTE(hairi82 @ Mar 13 2018, 09:56 AM) Astoria, 3rdnvenue, Drapport as far as i know and Pav Embassy....but this one different grade.3rdnveue also different grade compared to the rest. well at least the new launches have slowed down much. |
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Mar 22 2018, 06:03 PM
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#17
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All Stars
20,146 posts Joined: May 2011
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Reserve 395 sold 401.....bidded up a lot meh?
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Mar 22 2018, 06:08 PM
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#18
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All Stars
20,146 posts Joined: May 2011
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QUOTE(AskarPerang @ Mar 22 2018, 06:04 PM) Reserve price 365k. Watch the video. They should just pakat settle outside only. Save up 30k. Dun want to lose face qua....Stupid bidders.... |
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May 25 2018, 10:58 AM
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#19
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All Stars
20,146 posts Joined: May 2011
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QUOTE(gks @ May 25 2018, 12:06 AM) not sure the reason why all these studios enter auction market. not everyone that bought property is educated investor or flipper or interchangeable flipvestor.If the owner couldn't flip it take just a minimal effort and $$$ to furnish it to be rented out. |
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May 28 2018, 11:34 AM
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#20
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All Stars
20,146 posts Joined: May 2011
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QUOTE(Babizz @ May 27 2018, 09:38 PM) 42% rebate will kill both the subsale and auction market due to 0 entry of MS direct units. so after the 42% rebate, what is the net net net price psf now from developer?As one of the earliest to predict the struggle of this area, I can only say I told you so |
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