hi, i'm also considering this place for investment... let me share some thoughts feel free to comment

A) Pros
- Comparing to few new launches in this area (tiara mutiara and residence 8), OUG parklane is the cheapest, starting from about 270psf++. The rest is roughly starting from 320psf++ - however this is difficult to compare considering that they are of different facilities... just price differences
- This is a chinese centric area (sorry just my personal preference). I saw someone mention this is "malay" area which i think is not true. I went to the office few times... only met chinese buyer so far. The agent also mention so far all buyers are chinese (unless they lied to me)
- this unit is consider a semi furnished unit considering the freebies given, in directly the freebies are actually factored into the price but advantage is that, it allows you to include the "installment" of these items into a 30 year loan at a much cheaper rate
- free loan legal fees.... i'm not sure about this... but sounds like this means ur loan potentially has no lock in period (main reason for lock in period is to cover/compensate for the lawyer fees... correct me if i'm wrong). My banker told me, since now most package is non-ZEC, you can nego for no or short lock in period (if you know your rights)
- free maintenance? let say its factored in too.... but again.... "30 years installment" for first 2 years maintenance
- potentially near new LRT station
- lots of shop lots underneath which also means extra in convenience
- if you are the first few buyer (be it first block or first phase). Imagine.... 12 blocks to come .... normally price will appreciate for each block and each phase... try imagine urself...
- 5 km away from IOI mall and 15 km away from midvalley
- huge project creates more awareness about this project and location (popular location is always better than unknow location)
- workmanship.... can't comment much... i just visit their old project "kuchai avenue" looks good to me.... from outside...

B) Con
- 4000 units create a lot of competition when you wish to sell and rent out in future....
- near to a lot of flats (any concern in security)
- utility bill more expensive considering its on commercial title (anyone can share with me how much is the difference)
- 3rd room a bit small (i went to see the site and show unit "frame")... window facing foyer.
- not sure how far is the LRT away from phase 1... but doesn't look like walking distance to me...secondly the bridge to Muhibbah side is very narrow with no walking pavement (no idea if any plan to widen the bridge in future)
- behind phase 1 is the industrial area (if ur unit not facing that side shall be safe... however thats the only side with KL view lol)

Honestly i booked 2 units.. but as long as not yet sign S&P still can change mind... thus well come any comment on this project. However most probably will let go 1 unit... not able to get so much loan...

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Added on January 2, 2011, 10:31 amhi what does DIBS means?

This post has been edited by novabankinghall: Jan 2 2011, 10:31 AM

if u search by wikimapia... its the piece of land btw taman angkasa, taman perindustrian OUG and rest and service area kinrara

booking process... just go their office in jalan chan sow lin and pay 3k for deposit... u can get full addr at their website..

This post has been edited by novabankinghall: Jan 2 2011, 11:13 PM

Hi, this whole project which has 3 different phases will take 10 years to complete right?
What you think? Imagine price increase from each block to each phase and increase in raw material prices/labor cost 10 years down the road.

property price can fluctuate but rental is sticky. surrounding similar prop is going ab 1.2k (actually i just refer to Kuchai Avenue)-. But agree diff to compare as to take into consideration of property age, condition, location, design, furniture etc...

What i wanna say isjust that rental based property price shall be quite stable (also x expect very high appreciation if compare to landed property which gives -ve CF)

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Added on January 13, 2011, 12:41 amanyone second on this? coz i just have the impression they x have the capacity (man power) to build 12 blocks within 3-5 years time. Look at the previous project... usually 3 blocks at one time only. i can be very wrong, coz previously didn't follow about this developer news.

This post has been edited by novabankinghall: Jan 13 2011, 12:41 AM

i was there ab a month ago, just got the frame. maybe wont be so early ready to be view (fully furnished i mean)

show house at the actual site, not ready yet.

No need go office to see show house, damn sure dont have coz its a factory site.

phase 2 launch yet? or still selling block 2 phase 1?

i have no idea about the proper safety distance away from HTC... however i thought its quite common... i have seen many residential that is even less than 100m from HTC... nothing to shout about.

there is no difference, i stay on 24th floor now. when ever any lift (left little working ones) broke down, everyone start going into the lift even when its on the way up... by the time it reach my floor, its FULL!

public bank offer is quite weird, only lower for first year... however there is little to none draw down on first year. not much advantage... then i rather take from UOB....

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Added on April 12, 2011, 11:09 pmwhy clouded? was it raining in the office? just jk

This post has been edited by novabankinghall: Apr 12 2011, 11:09 PM

just MRTA and credit card, no big deal right? Please correct me, as far as i know MRTA price are quite standard. And you are paying for something (not totally non value added). While for credit card... unless they insist me to use for 30years (along the whole tenure). Else just RM50.... next year cancel lor.... difference by 0.1% on 300K (+-) is still worth it.

from the map.... its not very close to UOG Parklane anyway... its just like going to IOI Mall (5KM)?

Anyone willing to let go phase 1 E1 15th floor and below. PM me your developer price, facing direction, number of car park and how much to top up. Thanks.

pardon for my ignorance, i can't see how is this issue affecting oug parklane project....
doesn't sound like its near the parklane project
the proposed LRT is "NEAR" OUG Parklane (shall be located at Kg Muhibbah based on the proposed LRT extension)

This post has been edited by novabankinghall: Apr 23 2011, 08:39 PM

rental base on today price my guess is 1.2k. but 3 years down the road maybe 1.3k which shall give u positive cash flow since maintenance free for first 2 years.

I only manage to get blr-2.2 coz moan amount below 200k due to 70 pct margin. any banker can do better pls pm me. my target is 2.4 if possible. I hv tried public, ambank n eon.