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

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Jagalat
post Dec 9 2015, 10:51 PM

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From the Idaman site, most of the MCity's overall units are about 50%-50% by local owners vs foreigner owner(Slightly overall > 50%).
http://idaman2.kpkt.gov.my:8888/idv5/98_eH...proj_Nama=Mcity

On the other hand, nearby properties, eg MSuites and The Element (random pulls) are owned by locals.
http://idaman2.kpkt.gov.my:8888/idv5/98_eH...Nama=M%20suites
http://idaman2.kpkt.gov.my:8888/idv5/98_eH...=THE%20ELEMENTS

Understand some properties along the Embassy row/nearby are mainly owned by foreigners.
http://idaman2.kpkt.gov.my:8888/idv5/98_eH..._Nama=drapport1
http://idaman2.kpkt.gov.my:8888/idv5/98_eH..._Nama=drapport2

(The Idaman site may not reflect the lastest information. Pls no question to me)
I am curious to know the advantages and disadvantages of this situation (ie local-foreigner 50%-50%) towards the rental play and the subsale market.
Any input?? Thanks.
Jagalat
post Dec 10 2015, 09:37 AM

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QUOTE(Takuro82 @ Dec 10 2015, 12:18 AM)
How to get this report? Is it the report available for certain project only?
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You may refer to the following post about how to construct the link. As long as Idaman had the project data, it will be reported..
https://forum.lowyat.net/topic/2691655/+538

My intention is not the Idaman, but the pros and cons of local-foreigner ownership trend (50%-50%) towards the rental play and the subsale market.
Need investor's input..
Thx again.


Jagalat
post Dec 10 2015, 12:22 PM

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QUOTE(Takuro82 @ Dec 10 2015, 12:59 PM)
Thank you Jagalat. I able to find my project already. The foreign investment of my project just limit to 2-3% only. Maybe due to property in Selangor RM2,000,000 and below cannot sell to foreign investor. So if a project has very high percentage of foreigner, this may reflect that the property price also very high.

As for Selangor case, state government had prohibited foreign investor to invest in property that is below than RM 2million.
I think for subsale, it is quite difficult to sell out as the buyer poll is limited also. Also, the balance unit of those hot selling project usually is those big unit with more than RM 1million and above.

For rental wise, I think in Malaysia, generally you just can expect for 2~3% annual return. Unless it is located some hot spot, then you may expect 4 ~ 5%.
You imagine, if you bought a 1200sf 3 room apartment with RM 1million. Do you think you able to rent out with RM 3500 easily?
If you able to rent out, then congratulation, you have a return on 4.2% per annual.
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How about the Mcity? Overall mora than 50% owned by foreigners? (Understand most bought at the previous entry price before 1Mil )

Jagalat
post Dec 18 2015, 10:34 AM

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QUOTE(specopsmarines @ Dec 17 2015, 01:07 PM)
Hmm just saw agents trying to sell this in a neighbourhood mall in wangsa maju. I thought it was sold out already long time ago.
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Also, two days ago, passed by a booth in Tesco Midah selling MaSin projects inclusive of MCity...
Jagalat
post Dec 21 2015, 04:40 PM

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QUOTE(karl_razlie @ Dec 21 2015, 04:02 PM)
For this M City if u can hold 4 to 6 years than ok. If not bye bye hi hi....hehe
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Can elaborate more why 4 to 6 years?

Jagalat
post Jan 31 2021, 02:39 PM

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QUOTE(AskarPerang @ Jan 31 2021, 03:27 PM)
Lelong duplex unit available below 450 psf. Bumi lot.
Details:
3-09-12, Tower 3, M-City
New reserve price: 🔥🔥RM 467,200🔥🔥
Freehold
1047 sqft, duplex 2 rooms (Type DC)
1 car park lot
Auction date: 20-Feb-2021 (Sat)
*BUMI lot
» Click to show Spoiler - click again to hide... «

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Sunset unit...


Jagalat
post Dec 19 2022, 03:49 PM

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QUOTE(AskarPerang @ Dec 19 2022, 04:29 PM)
Correct.
Attracted more than 10 bidders fight just now.
Each bid 5K increment.
Sold at 995K.
Higher than last month reserve price and also 2 months ago reserve price.
So why wait until price drop to 6th round reauction?
Plus double transfer process.
Good catch?

*
Good luck to the catcher!
Jagalat
post Dec 21 2022, 07:34 PM

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QUOTE(Ikankoring @ Dec 21 2022, 07:37 PM)
[attachmentid=11356778]

worth it??
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RM342,630÷532sf=RM644psf

Got double transfer?
Jagalat
post Apr 27 2024, 08:38 PM

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QUOTE(AskarPerang @ Apr 27 2024, 01:40 PM)
Lelong unit sold this week.
Size 533sqft.

Sold at reserve price 328K.
Single bidder won unchallenged.

Good catch?
user posted image
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RM615psf higher than the previous RM574psf.
Double transfer??

 

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