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

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GlobalKL
post May 17 2011, 07:42 PM

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QUOTE(properganda @ May 17 2011, 06:03 PM)
Any 1 interested in bulk purchase of this M-City? Apart from the lower price-points, the key is having the privilege to choose desireable units ahead of the rest.. pls pm me by today..

Preview planned for this Friday, some preliminary details are appended (subject to change). The expected launch is very close to the published indicative pricing, a bit of a surprise here..

Summary..

- Total Abt 1,800 Units @ 4.96 Acres
- Strata Freehold
- 10:90 DIBS
- Early-Bird Discount (Cash Rebate)
- Booking RM30,000
- VIP M-Club & Staff Preview Booking - Target 20th May 2011, Friday

Indicative Price Extracted From Website..

- Studio (500sqf) From RM398,800
- 1 Bedroom (680sqf) From RM510,800
- 2 Bedrooms (870sqf) From RM608,800
- 3+1 Bedrooms (1,560sqf) From RM1,015,800
- 3+1 Bedrooms Duplex (1,786sqf) From RM1,070,800
- Designer SoHo (700sqf) From RM528,800
- Designer SoHo (1,000sqf) From RM688,800
- SoHo Duplex (750sqf) From RM568,800
- SoHo Duplex (1,270sqf) From RM828,800
- Sky Villa 4+1 Bedrooms (> 2,150sqf) From RM2.5mil
- 3-Storey Boutique Retail [Individual Floor Strata, Enbloc Sale] (28*78) From RM1,600,000

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1st Phase Preview - SoHo Block (423 Units)

- 731sqf Designer SoHo - 231 Units
- 1,050sqf Designer SoHo - 60 Units
- 800sqf Duplex SoHo - 98 Units
- 1,300sqf Duplex SoHo - 30 Units
- 4,213sqf Sky Villa - 4 Units
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wow...1800 units


Added on May 17, 2011, 7:46 pm
QUOTE(tensai71 @ May 17 2011, 07:25 PM)
I believe this should be better than M Suites. M City's green concept is very nice and with retail or a mall below, this project will do very well if Mah Sing is able to attract high end tenants. With so many phases or units, the early birds will definitely have huge paper gains knowing Mah Sing.
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wow...embassy row will be flooded with
M-suite(how many units?),
Element (1000++ unit),
Olive 108(how many units?)
M-City (1800 ++ unit)...

3 years down the road...very competitive...

This post has been edited by GlobalKL: May 17 2011, 07:46 PM
GlobalKL
post May 20 2011, 09:10 PM

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QUOTE(properganda @ May 20 2011, 08:30 PM)
The answer is obvious, all those u mentioned, are pre-dominantly service apartments, albeit being the smallish units. For M-City, my play would be the SoHo's.. and the potential landmark status..

Those along the Embassy Row are in a way, trying to be KLCC wannabe or at least, attempting to take a slice of it.. but somehow, the distance is counter-productive, which is neither here nor there IMHO. The depth of it reveals that, though some may argue the location is less prime than those before GE Mall, it's actually the most strategic to feed the lack of such rendering class along the AKLEH, MRR2 stretch while sitting on the prime Jalan Ampang postcode.

The commercials in M-City is sizeable to serve especially those affluent landed G&Gs along the Ulu Kelang / Melawati, for those not wanting to shop to shoot all the way to KLCC. My advice to the developer is to rope in quality retail tenants.., e.g. Cold Storage will do well and spare a bit of effort to attract the Korean Villagers across One Ampang, although it should not be overdone, just the right mix if you know what i mean..

In each of the developments you mentioned, here's the main turn-off for me..

+ Olive 108, leasehold, price to premium where it should be at discount due to untested developer, in fact risky
+ M-Suites, dated design, too small to have any significant cap momentum in the mid-longer run
+ Elements, there's no commercial component to drive the value, smallest 610 sqf studios, possibly may die standing once M-City's 500+ sqf comes on board especially due to the facade design, and landscaping

I'm not vested yet, so I don't think I'm biased at the moment. But the main factor to consider is, still the volume.. 420 units of SoHo alone and 1,800 biji in total within the same development..

Mind to share your views too?
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say all the negatives for others but little for M-City. If this is not call BIASE, then apa? rclxm9.gif
GlobalKL
post May 22 2011, 09:05 AM

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QUOTE(tensai71 @ May 22 2011, 08:44 AM)
Surprisingly, MS did not price M City at premium if based on indicative pricing, where as ML's Elements have been priced at a premium. M City is many notches above Elements in all areas (location, design and concept, reputation and specs) but yet psf price is lower.
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lower compare to Element but not surrounding. No need to think twice about this project.
GlobalKL
post Oct 29 2011, 06:32 AM

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QUOTE(ace77 @ Oct 28 2011, 08:25 PM)
Hi all, VVIP already masuk and picking up units. Yup, 900psf, no joke.

Confidence from the entire Village Grocer Group enter into M City and unique features and design coupled with Schedule H for SOHOs.
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SOHO block 1 --> 100% sold out? hmm.gif hmm.gif hmm.gif

Some of the developers are damn smart. Slice a project and call it Block 1, 2, 3, 4, 5 and claim Block 1 sold out but probably 100 units for each "block" only. kekekeke
GlobalKL
post Oct 29 2011, 06:34 AM

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QUOTE(CyrusChang @ Oct 28 2011, 10:19 PM)
New Service Apartment & Shop Office in Ampang...RM380psf...PM me
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Cyrus, see you anywhere..How is the sale lately? Slow down in Malaysia?
GlobalKL
post Nov 6 2011, 06:06 PM

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QUOTE(R o Y @ Nov 6 2011, 02:50 PM)
For RM3k+ an expat/yuppie can easilly rent a very nice studio/1bedroom just next to KLCC or walking distance to Pavillion.

They can also get a slightly older but also decent 2bedroom in KLCC and Bukit Bintang for RM3k+

So for the same price, how many will choose to stay in the city center and how many will prefer to stay 5km away without any LRT/MRT?
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sales really slow down...roughly 29 out of 500 units were booked...

some floors are blocked for overseas market e.g. Taiwan and Singapore or another marketing gimmick to disguise the actual take up rate? hmm.gif hmm.gif hmm.gif

 

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