Once M City Vped, elements rental can still hold?? Haha..

wonder why they keep on building studio, small apartment (which is already over supply) but not offices and commercial buildings. The over supply at Jln Ampang is really worrying.

Along jln ampang, rather over supply, and now have to compete with Summer Suites (some might say 2 diff area, but potential tenants are compare due to the size...hence i just lock down my tenant for Msuites for another 2 yrs with same rent as a yr ago.

Sorry Bro, I have nothing against you, but are you just back from MARS or what?

MOST of the studio units in KL are doing real bad, if not utterly terrible.

The ones sold by Mah Siao are even worse, they were all marked at overprice and I couldn't believe there were so many youngsters who would fall for it. At times I started to feel I'm either living in a land which filled with tonnes of innocent first time buyers, or a country that filled with filthy rich people who drive luxurious cars and dine at 5-star restaurants where they'll burn a 10 ringgit bill just for fun. I'm confused.

Who said M'sia has financial challenge? Or it's just me?

Those who bought the studios should be more worry than the residential units, they will face the longest nightmare in their lives which would have promised these poor souls to never touch any property in a lifetime.

STUDIO owners have to sell at 6% GST on top of the selling price and 6% bank's loan GST service fee.

Please, do the maths.

Called up and was told that estimated VP for block 1 is Oct/Nov.

M city purchasers together with all others project also wish that the project delay vp as long as possible.

It may turn out to be a blessing under such scenario. On the other hand, luckily it is MS. At least they will compensate...

MS wont willingly to pay you LAD one, maybe they will VP without facilities, water, electricity.

When you get the keys you can still see construction going on, workers roaming around, cranes moving around.

Called them up and was told that block 1 is suppose to be VP this month. But was delay, and targeted to be end of year. They did mentioned that they have applied for Certificate to vacant procession so have to wait for the approval.

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.

Latest update block 1 completed but the service road not approved. VP of block 1 likely to be in January.

nobody wants to admit it but the good times are over.
especially for agents and investors.
developers have yet to feel the pinch.

Recently got so many rebate and goodies everywhere...maybe until nxt 2 years. price still the same for new properties. I think M City is good..but only certain area need to study. ie: Over Supply area, low rental rate from others, Oil & Gas Industries down, weak ringgit and world economy worsen. For flippers this is nightmare to them unless they got holding power lor. but until when mau hold....so now many investor just watch and wait. dunno izzit a good strategy.....or buy when market was weak....hehe

Gratz owner here 
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Look like they are pushing hard for Jan VP, saw alot of workers around, but I still hv my doubt they can do it. Took some pics this morning....
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Can see trees and flowering plants planted outside retail lots....
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The very prominent Sky Club...
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I believe this is the Arte @ Ampang, just next to the Element...
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I think this is due to supply and demand. My personal view is that if you can be patient, you can sell at >rm1000, but if you are desperate and fearful, or you may be easily pushed by the agents to sell <rm1000. Hence the variation in the actual transacted price.

View of Mcity

hanging garden plants need time to grow also ..hope MS don't just put plastic plants! 

the colors are very dark and foreboding...and this grey and white combination is getting really "common"..

I never believe Mah Sing can ever pull that "hanging garden". Why? Just check their project in other places. They will show u AAA grade gardens, but they only delivered B grade. Do ur research and u will know. But nevertheless, i think no need to worry if u can hold on to ur buy until MRT station nearby completed. Until then, find a very2 good tenant ya