How's M City's sales?? How's it gonna compete with Arte & Elements which is much cheaper.

Moreover, Ampang/Ampang Hilir has the highest vacancy rate in Klang Valley condo's at 37%. Look's like M City's super high pricing for block 3 is gonna add into the numbers.

yeah just passed by the site. looks very crowded over there. duno how element's owners can tahan 2 construction sites around them.

if its a good deal..wont take so long to sell..plus the oversupplied when astoria, arte VPs..

this are the same USPs for all the other condos nearby... but at a discount of 20-30%.. supply n demand is the problem here

im comparing it with elements which is next door.. astoria n Arte is next door as well.. novo is out of the picture

My comments are mainly on the supply of units in the vicinity.. how many units does M city have? Elements has 1040 units.. astoria another 800 plus..arte another 1142 units..

If M city has 1k units (which im sure it has more when u add the SOHOs n all),

There will be 4000 units in a small area.. good luck guys!

scott garden owners have not seen handsome returns I'm sure M city investors don't want to be in the same shoes as them..

M city price now cheaper than current phase initial buyer..then got stop work order summore.. jialat la

see previous page..stopwork order..

This post has been edited by Babizz: Dec 28 2014, 08:53 AM

not sure but heard 10% cheaper.. other developer increase price mahsiao reduce..

10% is a lot of money to lose for any buyer

yeah but the fact that the stop work order can be given out is pretty amusing right?

Mahsiao projects namely M City, Lakeville n Southville have the most spammed advertisements of 2014

I cannot believe how many agents are selling this USELESS SUPERDENSE PRODUCT! I've seen at least 20 spam advertisements of themed garden etc TODAY on all those FB groups. No one comments PM me pm me etc.

Hope no-one buys this one due to how desperate they are!

Only same with mahsiao project n recently Parkhill BJ trying to compete with mahsiao

Bro,

Really bad deal. This area vacancy is the highest in KV. U will be competing in an ultra competitive space with few interested tenants. Suitable for ownstay. BAD BAD choice for investment.

Pilot,

Hv u counted how many units in the area? We don't want a parklane situation for a 1mill prop. I think vacancy was like 36% before elements VPed. Now elements is ready. arte is underway n MCity will be VPing not long from now.

An article yesterday pointed out that highrise units are oversupplied at the moment, so u better check the supply n demand of each area before buying la There's astoria, novo n reizz coming up in a 5km radius.

Are u planning to hold ur elements or sell it off after RPGT is over?

Good to know u have everything planned out. A lot of flippers might buy into this M City but might be shocked post VP.

Not bad.. I think prices post VP will present negative real returns n rental here will be super stiff.

Lemme count for u how many units again

Elements:1040
Arte: 1142
Astoria: 1216
M City: 1500 units? anyone knows how many units here?

But anyway: 5000 UNITS IN THIS SMALL PLACE. The density here is maybe like 200 or 300 plus units per acre. Just imagine parklane is a mid low end condo so high density is acceptable but this one price like KLCC but density worse than Parklane (130 per acre including jalan).

I think elements was a good buy but this M City Moreover, my calculation doesnt include other condos closer to KLCC which im too lazy to list out.

AVOID AMPANG WHILE U STILL CAN

This post has been edited by Babizz: Feb 2 2015, 07:24 PM

Not sure but M City got 1500 units+commercial over 4.95 acres, elements 1000 units over 2.7 acres, arte 1163 over 2 acres, astoria 1216 units over 5.7 acres (i jus google the project name n acres )

Total: 5000/15.30= 325 UNITS PER ACRE