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 Mont Kiara Old Condos for Own Stay, Advice needed, thanks!

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cybermaster98
post Apr 22 2011, 08:01 AM

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What about Pelangi Mont Kiara for investment? Asking price is RM650K for a 1208 sf unit on Venus tower?
cybermaster98
post Apr 22 2011, 08:27 AM

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QUOTE(doomdoom @ Apr 22 2011, 08:24 AM)
mont kiara pines is good, walking distance to plaza mont kiara and 1 mont kiara
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Im looking for something with tenancy. The Pelangi unit comes with a RM 3500 pm tenancy.
cybermaster98
post Apr 22 2011, 09:41 AM

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QUOTE(kochin @ Apr 22 2011, 09:19 AM)
how long is the tenancy. how confident are you in securing another tenant at 3.5k or higher when the current one expires?
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This new tenancy (expat) just started and they have a 2+1 contract.
cybermaster98
post Apr 22 2011, 11:05 AM

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QUOTE(ahhoe80 @ Apr 22 2011, 10:41 AM)
Hi guys,

I just managed to give Palma a visit yesterday and apparently the surroundings are quite ok. Its old yes, but surprisingly well maintained overall. If im not mistaken its around 20+ year old?

The roads condition sux in Mont Kiara though.. i mean.. for a high class place like this.. how come the road conditions full of portholes or uneven roads? sad.gif I was manuvering my car like a rally car to avoid the holes sad.gif
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The road condition is poor because of the never-ending ongoing construction in that area.
cybermaster98
post May 2 2011, 11:53 PM

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QUOTE(lowyatsuperman @ May 2 2011, 11:45 PM)
A lot of ppl are buying into the MK hype created by the developers. I have been a MK resident since 15 yrs ago and things are not like what it used to be.

Potholes, snatch theft, never ending construction, pollution/dust, clearing of hills/jungles which made some of the monkeys invade the nearby condos posing danger to kids, traffic bottleneck during peak/school hours etc. None of these are reported in the press.

Some of u asked why Bayu is cheaper, it's the location for the body parts murder. I know the owner who bought and is living in that unit. He was the one who discovered the parts in the fridge.

However, MK still remains a popular place for expats, esp Koreans, Japs etc. But most of them are lower ranking or blue collar expats, not the top CEOs etc. These are the folks who go to work in workmen uniform and hardhats working in the Perodua factory etc.

When you buy a condo in MK hoping for rental income frm these tenants, be careful. They will b**** about the slightest things, demand for this and that when their budget is only around RM2,5 - 3K.
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So which condo there would you recommend to purchase for investment purposes? Im talking about both rental income and capital appreciation.

 

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