The overall concept is pretty nice and unique to the ampang area.

However the price is really high for the area. There is not even 1 (aside from Elements) residential property that crosses 500psf. For that kind of money, M-City is asking, you can even try Embassyview that is REALLY on the embassy row and it's like 1k+psf.

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!

In this case it's 400+ units and 30-40 shop lots sold.

Pray harder....

Thanks.

More facts to support the 1k psf price of M-City

I think it's coming:

Distance from KLCC Development Price

1km MyHabitat RM 1k psf (2008/09)
3km Embassyview RM 1k psf (2009/10)
4km M-Suites RM 1k psf (2011)
5km M-City RM 1k psf (2011)

How is the take up of units?

When I was there on Friday, only maybe 5% was sold.

Hmmm quite slow, the sale.

When I was there, they even have many floor reserved and not for sales yet. Now i am thinking if it was the right choice buying this.

The attraction of M-City is the package of DIBS and longer SPA (42 mths). So I am hoping that all will be fine in 3.5 years time. Also, along Jalan Ampang there are very few lifestyle living places like this that has combination of "space", retail and maybe a little less crowded. So rental of RM 3k+ is possible.

Mine's 674sq ft on 12th floor facing lake. After discount it's just below 1k psf

Just back from MS sales office. Total about 30% sold, as can be seen. Sales are concurrently being done in other countries, so according to sales staff about 50% sold.

Had a chat with the sale guy, apparently the project price is because of the POSSIBLE MRT station in Ampang Point. Thats only proposed but they have probably factored it into the price. I really hope it happens.

Most of the 1 -2 room units sold.

Just got finalised offer from Affin. Don't like it as they are insisting on MRTA.

So what do you guys think I should go ahead?

Will be going for HLB, if Affin refuse to budge on the MRTA requirement. MBB rejected loan for some reason.

Yup buddy. I have signed with HLB. Suprisingly with 10 years difference in loan tenure, the monthly installment is only less than RM 500 more with HLB.

[quote=Bluelagoon,Dec 28 2011, 10:06 PM]
[quote=csvlee,Dec 28 2011, 01:18 AM]
Yup buddy. I have signed with HLB. Suprisingly with 10 years difference in loan tenure, the monthly installment is only less than RM 500 more with HLB.

[/quote

Congrats! U bought the 1 bed right? How many percent loan u took? And interest rate?

[/quote]

Yup 1 bedroom.

Got 90% loan and since its on DIBS, there is no reason to take less than that.

Just got a call from the lawyer firm to sign the loan agreement.

Just one more step and will be committed to this project

The construction is up to 4-5th floor, just above the flyover level.

There was an article in The Edge last week talking about the new MRT line. Hopefully that come true to justify the price for M-City

.

This post has been edited by csvlee: May 3 2016, 11:34 PM

Just received letter to clear outstanding sum with MS and collect keys for block B.

Anyone collected their keys for block B and did you receive your LD?

May I ask how many months of LD was paid to you?

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.

My balance payment for block B:
1. Around RM 1k for 4 months of maintenance fee and sinking fun. Its for period of May 2017 to Aug 2017
2. Around 800+ for TNB meter deposit, insurance, assessment fee and quit rent

Now just have to push bank to release payment and can collect keys. Cant wait.