Welcome Guest ( Log In | Register )

Outline · [ Standard ] · Linear+

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

views
     
Darkknight2010
post Jul 10 2015, 02:16 PM

On my way
****
Senior Member
617 posts

Joined: Sep 2010
Agent friend said that most contractors stopped works because no payment from Mah Sing, and Mah Sing ask them to buy the remaining units, and take the SPA to loan from bank to start work again......But contractors not stupid.....thats why we see no progress since early this year.


Darkknight2010
post Jul 10 2015, 03:09 PM

On my way
****
Senior Member
617 posts

Joined: Sep 2010
Mah sing payment got problems since long long time ago.
Darkknight2010
post Jul 10 2015, 08:36 PM

On my way
****
Senior Member
617 posts

Joined: Sep 2010
QUOTE(HarpArtist @ Jul 10 2015, 05:58 PM)
yup, even my deposit after loan rejection takes them 8 months and a kpkt complaint. Really hmm.gif
*
Actually their financial very strong, just that they take whatever necessary steps to delay refund/payment. There is only one winner in mah sing project, mah sing itself.
Darkknight2010
post Jul 10 2015, 09:50 PM

On my way
****
Senior Member
617 posts

Joined: Sep 2010
Damansara sentral will suffer the same fate as M city.
Darkknight2010
post Aug 15 2015, 03:03 PM

On my way
****
Senior Member
617 posts

Joined: Sep 2010
I understand agents want to cari makan and I don't mean to kacau here but those who looking to buy m city i strongly suggest you to back off.

This is one of the few property which 'you buy you die' type.
Darkknight2010
post Aug 16 2015, 01:10 AM

On my way
****
Senior Member
617 posts

Joined: Sep 2010
There are many great eastern insurance agents bleeding blood paying bank loans for their M suites and element Ampang. Rental can only cover half or 70% of the loan repayment. Many owners sweating and losing sleep in mid night, grow grey hair and high blood pressure.

M city SPA signed in 2011 and now looks like half abandon. Little or no progress in these 2 years, an eyesore in ampang area. Price start from 670psf now over 1000psf give 30% rebates also can't sell.

If the above not scary enough then you are very adventurous. Please buy more and let this silly development completed and help ampang looks better in Google map.


Darkknight2010
post Aug 19 2015, 04:05 PM

On my way
****
Senior Member
617 posts

Joined: Sep 2010
Early buyers paid around 670psf dibs free spa and loan legal fees etc, they might still be able to make money and soon they will receive LAD if mah sing don't force them to agree to waive the LAD.

My friend and relative now praying them to delay few more years, receive LAD and wait till the economy gets better. If VP now sure die hard 5.0.

Those who buy since last year at >1000psf no dibs should be sweating every night now.

The easy entry rm5k to own a unit and super high rebate really lure many innocent young men to fall into this trap.

The streets of Ampang will be full of "bank lelong" advertisement of M city later.
Darkknight2010
post Aug 19 2015, 04:10 PM

On my way
****
Senior Member
617 posts

Joined: Sep 2010
QUOTE(ace77 @ Aug 19 2015, 04:00 PM)
Once M City Vped, elements rental can still hold?? Haha.. tongue.gif
*
M city VP? When? 2020?

Elements owners have 5 years to dispose your garbage.
Darkknight2010
post Sep 23 2015, 02:47 PM

On my way
****
Senior Member
617 posts

Joined: Sep 2010
if m city can VP in October/November, ah jib will pay back 2.6b in dec.
Darkknight2010
post Sep 25 2015, 12:25 PM

On my way
****
Senior Member
617 posts

Joined: Sep 2010
MS wont willingly to pay you LAD one, maybe they will VP without facilities, water, electricity.

When you get the keys you can still see construction going on, workers roaming around, cranes moving around.
Darkknight2010
post Oct 7 2015, 02:42 PM

On my way
****
Senior Member
617 posts

Joined: Sep 2010
QUOTE(LMN9997 @ Oct 7 2015, 01:43 PM)
awesome package = RM700 per sqf?
*
650-670psf in 2011, DIBS free legal fees. 700psf now would be a fair price.

I see the progress is picking up but wont VP this year. At least another 6-12 months.
Darkknight2010
post Oct 13 2015, 01:23 PM

On my way
****
Senior Member
617 posts

Joined: Sep 2010
QUOTE(gks @ Oct 13 2015, 01:09 PM)
If MS can deliver VP + CCC by end of this year, i will not surprise with Mammoth Empire style delivery.
*
This is the new trend. VP without electricity, water and can see cranes moving around, workers roaming in site, damn shiok!
Darkknight2010
post Oct 19 2015, 12:03 PM

On my way
****
Senior Member
617 posts

Joined: Sep 2010
The Elements 1572sf being auctioned at 910K, or 578psf. The occupancy rate is picking up because super low rental. Nearby condo such as One Ampang avenue's rentals are badly affected.

Will M City fetch higher price at auction? It takes nothing but enormous courage to buy M City now, it is either you have plenty of cash to burn or you are fxxking stupid.

Within this narrow 500 meter Jalan Ampang, we will have M City, The Elements, 3 Towers, Novo, Astoria, olive platinum (between Novo and GE Mall), M Suites.....


Darkknight2010
post Dec 5 2015, 12:07 AM

On my way
****
Senior Member
617 posts

Joined: Sep 2010
The retail lots will be empty for the next decade at least.

People will rather go to those shops around ampang point than this M city.

No LAD news from Mah Sing.

We have 3 Towers, Novo, M City, Elements (1570sf auction 910K no bidders, next round maybe 870K), M suites and Astoria along this 500 meter road, and we will see more and more fire sales and auction unit in the market for the next few years.

I am sorry to say that this side of Ampang would never make it.
Darkknight2010
post Dec 5 2015, 01:41 AM

On my way
****
Senior Member
617 posts

Joined: Sep 2010
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.


Darkknight2010
post Dec 5 2015, 09:06 AM

On my way
****
Senior Member
617 posts

Joined: Sep 2010
Suddenly village grocer is opening everywhere.
Darkknight2010
post Dec 5 2015, 08:18 PM

On my way
****
Senior Member
617 posts

Joined: Sep 2010
QUOTE(HarpArtist @ Dec 5 2015, 07:36 PM)
boss do you know what change? pity to pay such a premium esp those on garden level if going to be "normal" concept...
*
Those who paid 65-670psf should be safe. Other purchasers should wave goodbye to their money.

My friend and relative will be the first to dump this shit for 750psf.
Darkknight2010
post Dec 5 2015, 11:46 PM

On my way
****
Senior Member
617 posts

Joined: Sep 2010
QUOTE(Princezz @ Dec 5 2015, 10:13 PM)
Shit can also worth RM750 psf. Must be damned high class shit. Your friend and relative are so lucky to own the expensive shit.  rclxm9.gif  rclxm9.gif  rclxm9.gif  Good that developer discover problems in the lagoon now. Hopefully they are able to rectify the problem. Mah Sing has a reputation to maintain since they have a lot of other on going projects that they are  currently marketing. In the current economic situation, many projects are not selling well especially those that are priced above RM900. Anyway hope that bad times are over soon so that everyone can make money from property investment. All the best!
*
A lot of victims thought it was gold, so lalalum dump it before they realize it is shit. It would be very fortunate if they can dump it for 750psf.
Darkknight2010
post Dec 8 2015, 07:59 PM

On my way
****
Senior Member
617 posts

Joined: Sep 2010
QUOTE(daidzz @ Dec 8 2015, 10:05 AM)
Retail lots at M City are 100% taken - tenants to include village grocer.
rclxms.gif
*
Actually how many of those purchasers have been to the site? What do you think of the accessibility? Those from both MRR2 directions as well as ampang baru have to make an illegal and dangerous u turn in Jalan ampang to go to M city, before that they will pass by ampang avenue Korea village, ampang point, giant supermarket, tesco, isn't it too troublesome? Those who come from KL can straight go to M city, but they will drive pass hock choon supermarket, great eastern mall, and of course, traffic jam.

There is a very small access road before flamingo but how many people are aware of this? This access is hardly noticeable and easily missed. Can this tiny access road lead you to M city? Or not? M city have to have something extremely unique to attract the crowd.

I am sure village grocer's management must have taken the above issues into consideration before they decided to open a store in M city? Is M city's survival depending on village grocer? Or village grocer is banking on the residents from elements and M city and future Astoria?

M city is located at the corner of the intersection, very good visibility but almost zero accessibility.

Even village grocer does open a shop there, or whatever shops are opening there, I am afraid many of the purchasers will be upset and disappointed eventually.


Darkknight2010
post Dec 8 2015, 09:27 PM

On my way
****
Senior Member
617 posts

Joined: Sep 2010
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 which 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 to 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 on 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.
*
Fantastic traffic guidelines for everyone, but there are already enough supermarkets and shops before they spend time studying how to get to M City.

M city just doesn't have what it takes to draw crowd from the already mature malls, supermarkets and shops nearby which situated along jalan AMPANG and MRR2, and they do not need traffic guidelines to reach there, perfect visibility and accessibility.



2 Pages  1 2 >Top
 

Change to:
| Lo-Fi Version
0.0866sec    0.22    7 queries    GZIP Disabled
Time is now: 5th December 2025 - 08:53 PM