Do keep us update on the progress of VP and house condition after VP.. Hope no serious defect appear
Investment M CITY, JALAN AMPANG [OWNERS' THREAD], Mah Sing presents its most iconic
Investment M CITY, JALAN AMPANG [OWNERS' THREAD], Mah Sing presents its most iconic
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Sep 22 2015, 09:39 PM
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#1
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451 posts Joined: Mar 2015 |
Do keep us update on the progress of VP and house condition after VP.. Hope no serious defect appear
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Dec 9 2015, 11:18 PM
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451 posts Joined: Mar 2015 |
QUOTE(Jagalat @ Dec 9 2015, 09:51 PM) From the Idaman site, most of the MCity's overall units are about 50%-50% by local owners vs foreigner owner(Slightly overall > 50%). How to get this report? Is it the report available for certain project only?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. |
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Dec 10 2015, 11:59 AM
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#3
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QUOTE(Jagalat @ Dec 10 2015, 08:37 AM) 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.. 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.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. 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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Dec 10 2015, 04:30 PM
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#4
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QUOTE(gks @ Dec 10 2015, 02:30 PM) Whenever a project has high foreigner purchase content, it is either holiday home or more likely for investment i.e. flip or rental. If for rental, normally they leave it to agent to manage and vet the profile of the tenant. Most of the time, agents just focus on getting the unit to be rented out and ignore the profile and as long as can collect the rental. Is this the common situation that actual facing by this kind of property?They also might have higher holding power and they choose to leave it empty. They also can choose to foregone the loan in case they think the property is not profitable and allow the bank to auction off the units. Second issue is the maintenance fee collection issue where management office will have little avenue to collect it from the oversea buyers if they choose not to pay on time. Conclusion, i will be very wary to invest in property where the owners are majority foreigners. M Suites and The Element already VP one? How about the situation of those KLCC properties? I believed those area has more foreign investor |
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Dec 11 2015, 12:38 PM
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451 posts Joined: Mar 2015 |
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Feb 5 2016, 12:57 PM
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QUOTE(odieboy @ Feb 5 2016, 05:50 AM) They are taking what Tan Sri Leong's press statement as gospel truth. He said MCity and Icon City handover in June. Mana Ada CCC issued now? Happy CNY to all. Pray hard that MS does not behave like irresponsible monkey handover half baked units to purchasers. Icon city when will handover? |
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Feb 21 2016, 08:09 PM
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#7
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451 posts Joined: Mar 2015 |
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Mar 15 2016, 10:43 PM
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451 posts Joined: Mar 2015 |
nice to hear this good news.. congratulation to all the buyers n developer
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Apr 2 2016, 08:13 AM
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451 posts Joined: Mar 2015 |
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May 4 2016, 03:22 PM
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451 posts Joined: Mar 2015 |
QUOTE(amsjrt @ May 4 2016, 04:47 AM) Hiya, I have collected keys for my block A unit and also collected the LAD payments. I am pleased that once you paid all outstanding payments, they will mention the LAD payments (without me asking!)....so very impressed with their attitude. What is the outstanding payment they ask for?Also I have done my inspection, and the quality of the work is very good indeed...some minor defects but generally impressed again...now waiting for the supermarket to open and for tenants to start moving in.. Roughly how much? And LAD is over the outstanding payment figure? |
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May 4 2016, 10:46 PM
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QUOTE(csvlee @ May 4 2016, 07:52 PM) May I ask how many months of LD was paid to you? That is really a lot!Based on my SPA they are late by about 9 months for Block 2. At 10%pa for unit and 10% of 20% for facilities, it over RM 50k already. Also, how was it paid to you, direct deposit to account? I read one of the post that the buyer got paid 3 days after key collection. That would be impressive. If you wish to buy for invest, the LAD can be your best investment return.. Those outstanding payment really like nothing. |
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May 5 2016, 02:28 PM
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451 posts Joined: Mar 2015 |
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May 16 2016, 10:08 AM
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451 posts Joined: Mar 2015 |
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May 18 2016, 01:29 PM
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QUOTE(ace77 @ May 18 2016, 10:21 AM) I do not see any reason that u worrying on the delay unless u want to move in ASAP. Coz most buyers are damn happy. MS pay in full. If unlimited delay then it will be most happy to investor of Mahsing coz those LAD will be the best investment return for them. Just they cannot unload the property or the developer run away |
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May 18 2016, 01:32 PM
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QUOTE(amsjrt @ May 17 2016, 02:42 AM) That would be my guess but i think someone who bought block 2 actually have a few months of LAD as well. So which block did you buy and is it recently? I not buying in this but other project. S&P before GST implementation. Last batch of the buyer before GST.From memory, in the S&P, the date on the front cover is the S&P date, then in one of the section, it will state the number of months that it needs to complete it by. So you then add the number of months to the S&P date to work out when your unit needs to be delivered by. The LAD payment is worked out based on the period it is late from that date. If say 44 months, it need to be end of 2018 to be 44 months almost impossible to get LAD |
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Sep 25 2016, 02:23 PM
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Mar 23 2017, 02:48 PM
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451 posts Joined: Mar 2015 |
How many % commercial lot is occupied by tenant now?
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Mar 23 2017, 03:26 PM
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451 posts Joined: Mar 2015 |
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Mar 24 2017, 03:37 PM
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451 posts Joined: Mar 2015 |
How about Tower 1 and Tower 2 residence occupancy rate?
Roughly how many % fill up by tenant now |
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Mar 24 2017, 07:15 PM
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#20
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451 posts Joined: Mar 2015 |
Wow.. thought M City also going to be fail project ?
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