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

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Princezz
post May 27 2011, 11:31 AM

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QUOTE(odieboy @ May 26 2011, 08:14 PM)
Go and have a detail look at the concept and show house. Thay really beautiful. I particularly like the lower floor of 910 duplex facing the lagoon. Though it comes with a premium but it is worth it. With RM30k early bird discount and DIBS, I think it is worth trying particularly duplex which are quite new concept. Anyone interested, pls pm me asap. Cheers
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Just came back from MS Sales office at ICON. Situation is crazy. Still BBB. Most of the good units especially the duplex have been sapued. Price has increased by RM80k. Agreed with Odieboy that the show unit is nice. The lagoon and the gardens are also superb. Anyone want to let go their unit? Prefer mid floor 910sf facing the Ampang Hilir lake. Let me know. Tq

Princezz
post Oct 30 2011, 09:55 PM

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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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Wow, the price has sure gone up a lot. I bought a duplex Soho at 18th floor facing the lake for only RM656k after discount and now for the same price can only dapat a 1 room service apt. Luckily I did not surrender my unit like what my other 2 friends did. Personally I like the whole concept (if they can deliver exactly what they promised). I work along Jln Ampang and I am very confident that in the next 2-3 years per sq ft price of small size (500-800 sf) condo semi furnished like M-Suites or MCity should hit at least RM1100-1300 psf. Whilst traffic congestion remains the biggest issue, I think there is still room for property price at that part of Jln Ampang to increase. Duke and MAX highway have helped to ease congestion a bit. Hope I am right...Cheerio!!
Princezz
post Dec 13 2012, 07:47 PM

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QUOTE(bigmamma @ Dec 13 2012, 07:22 PM)
You learnt fast. Well done! At least you know now where your eyes and ears are. Enough of eyes and ears, back to property. Don't waste other forummers time. Tq
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Personally I think MCity is more superior in location and facilities. Minus the price, I will definitely choose MCity. Unfortunately the price has shot up faster than Elements since launch. Congrats to those who have bought during preview. If I am not wrong was only RM600+psf. Duplex was especially attractive.
Princezz
post Dec 13 2012, 08:25 PM

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QUOTE(chongmelvin2238 @ Dec 13 2012, 08:16 PM)
Is the LRT confirm CONFIRM.. A bit scary to place bet on MCity high pricing becoz of the LRT right?
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Looking at the plan, LRT is there. Should be confirm kua?
Princezz
post Feb 10 2015, 02:08 PM

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QUOTE(AMINT @ Feb 10 2015, 11:00 AM)
Sorry to say but I never trust Mah Sing. They behave like a chinaman company.
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Oh boy! What wrong with "chinaman"? So all "chinaman" companies cannot be trusted? Maybe we should all learn to avoid using racist term. Don't want another Agriculture minister's fiasco.
Princezz
post Jun 9 2015, 09:56 PM

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QUOTE(ace77 @ Jun 9 2015, 08:11 PM)
This news most likely come from the other competitors of Mah Sing. Especially those nearby developments. However I don't think M City abandoned will do any good for them. Coz the others view will be seriously affected.
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No reason for them to abandon as I believe they hv already sold easily 60% already (I think) thus financing is not an issues. Secondly unlikely a public listed, big 4 developers in Malaysoa with many ongoing mega projects will abandon this smaller one. Mah Sing's share price will go down the drain. Imagine how ugh market capitalization will lose. Tan Sri Leong is smarter than us. Anyway, I am quite sure, if it is reasonably priced, I believe there are still buyers. Personally, I like the concept.
Princezz
post Jul 10 2015, 02:30 PM

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QUOTE(Darkknight2010 @ Jul 10 2015, 02:16 PM)
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.
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The longer they delay the better. Pay more LAD. I. The current market condition, deliver fast fast also no use and rental market is very challenging.
Princezz
post Jul 19 2015, 11:16 PM

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QUOTE(LMN9997 @ Jul 19 2015, 11:21 AM)
This project will be a challenge for investor not because of location, design etc but the selling price set by developer is way too high. For own stay shud be alright I guess.
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RM900psf is really quite common nowadays. My brother told me that Twin Arkz in Bukit Jalil sub selling at RM900-1000psf and only around 70% completed. Newly launched Pavilion Bukit Jalil selling at starting from RM850psf. Is our money getting smaller? I heard MSuites sub sale has been in the region of RM1100-1200psf. MCity, if I am not wrong, the units come with quite a number of freebies like electrical appliances. Hopefully the end product of MCity is as good as illustration.
Princezz
post Jul 20 2015, 06:45 AM

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QUOTE(LMN9997 @ Jul 19 2015, 11:48 PM)
But don't forget 3-4yrs ago MCity were launched at RM1000 psf. They would have made a lot of money by now if they brought other project. Early purchaser may be cursing by now.
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I think u r wrong. I believe RM1000psf is the price now, I got my MCity duplex (mid-high level) for slightly more than RM650psf after discount during launch.
Princezz
post Sep 22 2015, 12:39 PM

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QUOTE(ace77 @ Sep 22 2015, 11:10 AM)
M City target to delivery on year end (Dec 2015) on VP.
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Looking at the progress, unlikely to be year end. Hope that Mah Sing continues to delay....more LAD. rclxms.gif rclxms.gif rclxms.gif
Princezz
post Sep 25 2015, 11:41 AM

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QUOTE(gks @ Sep 25 2015, 11:34 AM)
Mcity has 3 blocks (phase) but i think due to all blocks are linked via hanging garden and common area, they have no choice but to vp all in one go.
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rclxm9.gif rclxm9.gif rclxm9.gif if what u said is true, that is good news. The longer the merrier.
Princezz
post Oct 15 2015, 06:34 AM

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QUOTE(ChuiChuiShui @ Oct 14 2015, 07:14 PM)
Boss, cnt beat them..join them  rclxms.gif
But it does happened to my fren as well. Not long after joined as SA, change car, change watch... really so great earning or "pretend fat"?  brows.gif
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Everyday Sunday meh? Challenging time like now, many property agents are eating grass. Just like Spore. During property boom 5-6 years ago, everybody wanted to be property agents but now they became insurance agents. Let's not envy them. Every career has its own challenges. At the end of the day, it all voiced down to HARD WORK. Good morning Malaysia!
Princezz
post Oct 19 2015, 11:38 PM

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QUOTE(ace77 @ Oct 19 2015, 10:15 PM)
i agree on this.  The same applied to me on MS game plan. However i had used the same on SPS, UEM, ME, Etc. They all the same...
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Wow! Ace kor, you and bigmamma equally terror. Buy sell buy sell become millionaire. Must learn from you guys. I also hv a duplex soho mid floor, like bigmama, I too bought during preview. My first Mah Sing project. For RM600+psf and comes with quality finishes, I hv no complaint. May not be able to sell with higher profit at this time but I am quite sure I can still make decent return if I really want to sell after VP, I think. All the best!
Princezz
post Oct 22 2015, 03:56 PM

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QUOTE(kyun @ Oct 22 2015, 11:19 AM)
Not the best investment AT THIS TIME.

Also bear in mind there's 6% GST when selling out, this applies to all commercial titles (some SOHO, most SOVO and SOFO).
Those who bought after 1 april and didn't pay, income tax will come and chase them at later time.

(Not to mention bank loan's will charge another 6% on top of their interests too)
I learned this from lawyer. It's a huge pain to buy commercial titles now. Many still not realize this yet, including some lawyers.
Wait and see, income tax will come chase the buyers in a year or two.
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Kyun kor, the way you whack M City show how much you hated Mah Sing. Do u hv any bad experience with them? If Tan Sri Leong is following this forum, he will sure buy you lunch and bring you to his side. Joke aside, for under construction projects, many developers are like MS especially those who have sold more than 50% will be pricing their remaining unsold units high then give attractive discount to attract people to buy. MS is just a normal developer whose main objective is to make as much money as possible. At whose expense....is not their problem? Who do not behave like that? Buyers are also not stupid nowadays. I think they will do their own assessment before buying. There are just too many choices in bad times like now. Buyers should welcome feedback both positive and negative feedback to help them to decide. Maybe we should restrict ourselves to just give feedback and not condemning the developers. Let's people judge for themselves. Just my 2 sen comments.
Princezz
post Oct 24 2015, 02:49 PM

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QUOTE(mrlovesmrs21 @ Oct 24 2015, 08:50 AM)
Plannin to buy MCity for my first house staying. A small unit. 2 rooms. Its about RM 1 million. But do you all think, with RM 1 million, buying a larger unit like double storey is better?
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You are going to spend RM1 mil and not others. Different people have their own unique priorities and preference thus it will be good to decide yourself but carefully assess the feedback/comments of various people. Some comments can be personal and some can be biased and of course there are some which are very professional and objective. Some don't like to hv shopping mall but others like it. Some dislike certain developers but others don't mind. Some dislike the location but others prefer. If u ask me, I have a dozen of reasons to say why you should buy M City else I would not hv bought one but other have 100 reasons to say why u should not buy. So objective assess and make your own decision. People like me and others though we have given our views but we will not be responsible for the outcome, if it turns out to be different from what we said. All the best!
Princezz
post Oct 24 2015, 05:45 PM

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QUOTE(kyun @ Oct 24 2015, 05:34 PM)
It's useless to throw out Zen-Master-like answer, "Ppl got different preferences, you shall decide and you're responsible for your own choice."
If all ppl gave non-intuitive answer like this, what's the use of this forum? Ppl need advice that's why they asked. Duh.

I don't have 100, just one reason, why not to buy. It's a stupid silly dumb investment, at this timing. You need to protect your money.
There are signs and evidences emerged from the neighboring community. Should have looked at these and made some comparisons out of it.

Also you make filtration out of all answers, because some are buyers (protective mode), some are agents (selling mode), some are bashers being prejudice (losing or hatred mode), some are non-opinionated (not sure what mode they have lol)...

Eventually there'll be dumb ppl who go for it, these ppl buy houses like buying veggies or a casual dinner without surveying and then they're protecting their purchase more heroic than the Hercules.

May not be you, because you asked in the forum.
That's the spirit of the forum. Sharing and caring.

This answer is based on own VERY BIASED bashing opinion.
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Kyun, the master. Always give non biased view. A person cannot even differentiate between analysis and bashing??? Kyun, I don't think you are here to provide your views objectively. You are using the forum to just bad mouth someone you don't like. The language you use makes people vomit. If you think you are the expert, you are damned wrong man. We chose not to use the type of language like you because we are adult and objective. Pls do not bother to reply. I don't want to vomit. I believe others will feel the same. Don't PM me anymore. I thought you hv learned but you. Anyway, I am signing off here and will not comment anymore. Thank you Kyun!!
Princezz
post Oct 24 2015, 10:32 PM

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QUOTE(bigmamma @ Oct 24 2015, 09:26 PM)
My dear Princess, I really respect you taking time to answer.  My advise is forget about it and don't reply anymore. Eventually, he will be the only one commenting here. Learn from me and the rest. Unless I see valuable comment in future, I will not bother to write. Wasting my time.  cool2.gif  cool2.gif  cool2.gif  cool2.gif  cool2.gif  cool2.gif
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Thanks big brother for advice. You are right. Why should I even bother by someone's childish act? Let's him shout on his own. thumbup.gif thumbup.gif Btw, has LAD for M City started? Based on my S&P, it should be VP in May 2015. What about yours?
Princezz
post Oct 25 2015, 12:55 PM

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QUOTE(HarpArtist @ Oct 25 2015, 12:20 PM)
1m for duplex i assume 800 sqft. at that price why not buy a normal 1+1 bedder in city area proper? i assume for the location transport is important - in city proper, puhlic transport is already ready not some rumoured mrt at ampang point or mrt at ampant park many years to come and ? minutes drive away (whats convenient about it then???). subsale also better so you dont need to worry about VP?

i am guessing the duplex concept is very enticing but...i don't see the practical points myself.

speaking as a almost-buyer of mcity tongue.gif very pissed that the price now is actually lower than when i booked. i thank god over n over again i failed to purchase tongue.gif
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For the price they are selling now, I agree there are many choices around. Cash is king now and loan is difficult to apply. Those who still have capacity should capitalise your strength to bargain. Developers also know that tough times are coming. It is going to take a while before it recovers. Likely we will see more promotions, more discount. Just came back from Tropicana Metropark sales office. Last week provided Penang food, this week Nyonya food and free tour to the Central Park. Price has also increased by easily 20-30% since launch! I think. All developers are trying to clear old stocks. Btw, MCity duplex is quite nice. Unique feature is both floors can access to lift and furnishing provided are of Hin quality similar to that of M Suites. All the best!
Princezz
post Dec 4 2015, 10:08 PM

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QUOTE(accetera @ Dec 4 2015, 06:32 PM)
M City, Jalan Ampang
Pic by anordinarymouse taken on 29 November 2015

user posted image
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I passed by the site almost everyday. I don't think by CNY they can handover even phase 1. By then they are more than 6 months behind time. Look forward to seeing quality tenants operating in their shopping mall. At least some decent shopping place other than Great Eastern Mall. rclxms.gif rclxms.gif rclxms.gif
Princezz
post Dec 5 2015, 12:49 AM

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QUOTE(Darkknight2010 @ Dec 5 2015, 12:07 AM)
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.
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Retail lots empty for the next decade? Empty for Next 10 years at least? I really cannot agree with you. A couple of years, maybe. There are mixed view about this area. Well, we should be able to see soon, who is right and who is wrong. Agreed that there are too many new condo projects in the vicinity. MCity has an edge as it comes with retail. Again it will give MCity an edge if MS is able to bring in good tenants. I saw in the discussion earlier that Village Grocer has confirmed coming in. Hopefully jadi.

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