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

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Bluelagoon
post Nov 12 2011, 05:31 PM

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Like the project fhe first time i saw the brochure. Really like the concept n keen in the ampang / lake facing. Worth it to pay 1000psf ++ for high floor? Heard future mrt just beside it.


Added on November 12, 2011, 5:36 pm
QUOTE(csvlee @ Oct 28 2011, 10:07 PM)
Kena jampi oredi.

Went to the launch today and ended up with a 1 room unit for 600k+. Was attracted by the 30k only deposit and pay nothing till 2015 when it's ready. Hopefully by then all storms will be over!
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Hi how much rought psf for your 2 bed? Face lake or lagoon? High floor?

This post has been edited by Bluelagoon: Nov 12 2011, 05:36 PM
Bluelagoon
post Nov 13 2011, 07:59 PM

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QUOTE(csvlee @ Nov 13 2011, 02:14 AM)
Mine's 674sq ft on 12th floor facing lake. After discount it's just below 1k psf
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Thanks. Got it recently?

I am looking at above 23 flr, facing ampang/ lake. Abt 1100psf after discount.



Bluelagoon
post Nov 20 2011, 06:47 AM

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QUOTE(csvlee @ Nov 19 2011, 05:09 PM)
Just back from MS sales office. Total about 30% sold, as can be seen. Sales are concurrently being done in other countries, so according to sales staff about 50% sold.

Had a chat with the sale guy, apparently the project price is because of the POSSIBLE MRT station in Ampang Point. Thats only proposed but they have probably factored it into the price. I really hope it happens.

Most of the 1 -2 room units sold. [attachmentid=2543580]
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Am keen in the 2 bed but all facing ampang are sold. Hv to settle for 1 bed instead.

How does developer come out with the 'proposed' MRT station? From reliable data?
Hope it will be true.

Btw, youe charts showls level what to what? Thanks.
Bluelagoon
post Nov 20 2011, 11:44 AM

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QUOTE(ace77 @ Nov 20 2011, 10:23 AM)
Proposed MRT station is in the Circle line and few parties had confirmed the location. Up to now, the proposed station still valid. Thus unless some drastic change in circle line development, the proposed station is on track.
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Hei thanks for the useful info


Added on November 21, 2011, 11:15 pm
QUOTE(Bluelagoon @ Nov 20 2011, 11:44 AM)
Hei thanks for the useful info
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Still find the price exp. What do u think?


Added on November 26, 2011, 12:32 pmAny idea hows the sales so far?

This post has been edited by Bluelagoon: Nov 26 2011, 12:32 PM
Bluelagoon
post Dec 9 2011, 09:36 PM

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QUOTE(csvlee @ Dec 9 2011, 12:19 PM)
Just got finalised offer from Affin. Don't like it as they are insisting on MRTA.

So what do you guys think I should go ahead?
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Try HSBC. Best by far.


Added on December 9, 2011, 9:49 pmDid developer increase price? Any updates.?

This post has been edited by Bluelagoon: Dec 9 2011, 09:49 PM
Bluelagoon
post Dec 21 2011, 10:41 PM

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QUOTE(csvlee @ Dec 12 2011, 07:03 PM)
Will be going for HLB, if Affin refuse to budge on the MRTA requirement. MBB rejected loan for some reason.
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Mrta is compulsory for Affin?

Bluelagoon
post Dec 28 2011, 10:06 PM

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[quote=csvlee,Dec 28 2011, 01:18 AM]
Yup buddy. I have signed with HLB. Suprisingly with 10 years difference in loan tenure, the monthly installment is only less than RM 500 more with HLB.
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[/quote

Congrats! U bought the 1 bed right? How many percent loan u took? And interest rate?
Bluelagoon
post Dec 28 2011, 10:30 PM

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QUOTE(csvlee @ Dec 28 2011, 10:09 PM)
Yup 1 bedroom.

Got 90% loan and since its on DIBS, there is no reason to take less than that.
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Yes gd choice! thumbup.gif

Bluelagoon
post Jan 11 2012, 11:50 PM

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QUOTE(kh8668 @ Jan 10 2012, 02:29 PM)
this is soho or the residence suites?
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They hv soho n residential suites. Soho phase 1 fully sold.

Bluelagoon
post Feb 12 2012, 11:55 AM

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Hows sales progress?


Added on February 12, 2012, 11:57 am
QUOTE(Loopster @ Feb 8 2012, 11:11 PM)
Despite all negativities such as price psf n distance relative to other developments in KLCC area, strongest feature is the landscaping & retail elements in this development. Brand name is next.

Thinking of getting one unit since there are easy ownership plans offered. Had a brief read of this page. How many regular taikors here invested?
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It is near to proposed mrt. I like the whole concept of this development, sky garden, green concept, retail etc. hope the final product will not disappoint.

What are u looking at? One bedder or studio?



This post has been edited by Bluelagoon: Feb 12 2012, 11:59 AM
Bluelagoon
post Feb 13 2012, 11:01 PM

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QUOTE(Loopster @ Feb 13 2012, 09:22 PM)
I suppose i would be comfortable with a studio for investment. They still have a few units at lower floors (cheaper) when i checked during CNY. Perhaps taken up by now?
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How much is the studio unit?
Bluelagoon
post Feb 23 2012, 08:29 PM

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QUOTE(Loopster @ Feb 22 2012, 09:36 PM)
Unit i eyed was on 11th floor going for RM588K before rebate. I believe the rebate is 10% minus RM8K upfront paid by purchaser (so rebate here would be RM50,800), something along those lines.

Another difference would be more units under soho block as opposed to lesser units in serviced apartment block. Cant think of any big differences, u'd have to ask developer.

So worth to invest? Assuming a furnished 500sf +/- studio with carpark going for RM700K upon completion, would you buy? Im still not convinced.
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Studio? How much psf after discount n rebate?

Bluelagoon
post Mar 14 2012, 12:34 AM

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QUOTE(tan5317 @ Mar 7 2012, 02:04 PM)
My loan application is rejected and i am looking for someone who might be interested to take over the unit i booked, so that i will not have my RM500 forfeited by Mah Sing.

M City Tower 2
Unit: 2-11-11
Built-Up Area: 674 SQ FT
Type: 1 Room
List Price: RM742,800

I pay my deposit during their promotion i.e. Pay RM 8000 instead of the First 10%; Thus there's a saving of RM66,280 (RM742800*10%-RM8000)

If I cancel this order with Mah Sing, they will penalty me RM500 and return me the RM7,500; If anyone of you would like to take over this unit, then i can save the RM500 and transfer it to you.

I do not target to earn anything from this transfer.

*S&P is not signed yet

Feel free to sms me at 012-2947346
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Which bank u tried.? Why don u try another bank?


Added on March 14, 2012, 12:35 am
QUOTE(tan5317 @ Mar 7 2012, 02:04 PM)
My loan application is rejected and i am looking for someone who might be interested to take over the unit i booked, so that i will not have my RM500 forfeited by Mah Sing.

M City Tower 2
Unit: 2-11-11
Built-Up Area: 674 SQ FT
Type: 1 Room
List Price: RM742,800

I pay my deposit during their promotion i.e. Pay RM 8000 instead of the First 10%; Thus there's a saving of RM66,280 (RM742800*10%-RM8000)

If I cancel this order with Mah Sing, they will penalty me RM500 and return me the RM7,500; If anyone of you would like to take over this unit, then i can save the RM500 and transfer it to you.

I do not target to earn anything from this transfer.

*S&P is not signed yet

Feel free to sms me at 012-2947346
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This post has been edited by Bluelagoon: Mar 14 2012, 12:35 AM
Bluelagoon
post Mar 24 2012, 09:31 PM

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QUOTE(adrian23 @ Mar 23 2012, 11:53 PM)
hi, i am a newbie in property investment or i can say i m currently looking for my first property,

was  interested in m city but see the price now are price at rm1100per sq?

is this the price for m city now?

pls pls educate and update..thanks..
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I believe there is some rebate or low downpayment. You may want to call the developer or marketing agent to check it out.

Bluelagoon
post Apr 13 2012, 11:13 PM

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QUOTE(kh8668 @ Apr 9 2012, 02:45 PM)
anyone can share how many units are actually

SOHO?

Serviced apartments?

Quite confuse tower 1 and tower 2 thingy...
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Tower 1 are Soho fully sold.

Tower 2 are residential consisting of studo, 1 bed, 2 bed, 3 bed n duplexes.

Bluelagoon
post Jul 18 2012, 10:44 PM

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QUOTE(HolyHuman2000 @ Jul 15 2012, 10:14 PM)
1030sqft soho at only 680k? that comes up to about rm660psf!
i thought the prices are averaging at rm800psf?
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660 psf? Thats not possible.

Bluelagoon
post Jul 19 2012, 09:50 AM

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QUOTE(AMINT @ Jul 18 2012, 10:52 PM)
E project also waiting for m city la. hehehe
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What E project?

Bluelagoon
post Jul 19 2012, 11:53 PM

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QUOTE(AMINT @ Jul 19 2012, 04:54 PM)
The Elements@Ampang
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Oic. Better than M City?

Bluelagoon
post Aug 3 2012, 09:36 PM

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QUOTE(HolyHuman2000 @ Aug 1 2012, 12:30 PM)
Anybody knows the status of the take-up rate of this project? its been a while since got any update.

Wondering how m-city can hit 1100psft when GCB court (behind mcity) is now only selling at rm300psft, although it s abit old looking.
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Even old proton and new proton are priced differently.
MC has better features and facilities. Hv retail shop as well. rclxms.gif
Bluelagoon
post Aug 3 2012, 10:15 PM

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QUOTE(HolyHuman2000 @ Aug 3 2012, 09:57 PM)
Perhaps.... i brought up the question because M city posted a classified ad in Propwall a few months ago, selling their studio units at around rm1200psft!
And recently when tried searching again, nowhere to be found. Just wondering why they do that...to build hype?
This is another example: http://www.propwall.my/classifieds/570794/...e-by-richie-lim
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Maybe testing market?

This post has been edited by Bluelagoon: Aug 3 2012, 10:15 PM

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