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 Residence 8, Old Klang Road by OCR, Worth for investment?

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daryan_x
post Jan 22 2011, 10:25 PM

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Hi I've also purchased an apartment in Residence 8 -
And I also feel we should have an additional car park -

Also Maybank after some discussion said is offering -2.4 BLR - but I have yet to see and black and white since the Sales and purchase agreement is not out yet.
daryan_x
post Jan 23 2011, 03:44 PM

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CKHong - You can call them to find out but last week OCR told me only
RM410,000 to RM534,000 left
daryan_x
post Jan 24 2011, 11:53 PM

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FYI - I found this forum while Googleing Residence 8 smile.gif
So if someone is interested they would do the same accuming they know how to google search
daryan_x
post Jan 26 2011, 12:00 AM

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Yup left one is block A - early Jan when I went to OCR that is what they told me - back then both block still half empty now like 80% block A and 70% block B taken.

Mine also same value 400+K but after early bird discount 300K++
daryan_x
post Jan 28 2011, 12:17 AM

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Anyone one to recommend a 3rd party insurance for MRTA? It seems Maybank one is quiete expensive
daryan_x
post Jan 29 2011, 03:13 AM

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After S&PA is signed usually there is only 3 month to get the bank loan approve end to end
daryan_x
post Jan 30 2011, 04:52 AM

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Guys my point of view about the lock in period - if the lock in period is calculated at 1st draw - and OCR say it will takes 3 years for the condo to be completely built.

Then a lock in period of 4 years is not that bad - unless you want fast capital gain the moment the condo has been completed.

Well just my opinion Im not tai kor.
daryan_x
post Jan 31 2011, 12:46 AM

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Speaking about rental - Car rental for condominium in BU -is RM150
daryan_x
post Feb 1 2011, 12:26 AM

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Happy Chinese New Year and Happy Holiday Everyone - Balik Kampung time so won't be checking this forum for a while!! smile.gif
daryan_x
post Feb 1 2011, 03:25 AM

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"If you guys N gals are noticing the R8 advetisement online, there are more N more property agent companies are starting to conduct subsales.

The selling price posted now is RM469,900.00 for 1350 sqft. Good News or Not ? ? I believe soon OCR will tell people all units is sold out. Give them 1 more months then the price of subsale is gonna increased or even u will received call asking whether u want to sell your unit?

"

So fast appreciate by 5%? I tihnk a bit to good to be true
daryan_x
post Feb 2 2011, 10:21 PM

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Hi Armstrong,
"
OCBC Offering BLR -2.35% for first 5 years (SEMI FLEXI)
-2.4% 5th year onwards
Loan officer name = Eva
Lock Down = 3 years!!"

Do you have Eva e-mail/mobile ? You can PM me . Thanks


daryan_x
post Feb 4 2011, 02:15 AM

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MajorArmStrong: Thanks
PoPo : Block B - Floor 11

daryan_x
post Feb 5 2011, 02:06 AM

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Teumika : 6% discount with 4 aircon unit free 430K+

daryan_x
post Feb 8 2011, 04:43 PM

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Major Armstrong did you sign your loan with OCBC ? all you still waiting for Maybank ?
daryan_x
post Feb 9 2011, 01:43 AM

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Major Armstrong : Thanks
Light: And there's also an introduction "discount" so if you're serious I"m sure there is a few people here who may want to share the introduction commision with you. (Win win situation mah)


Added on February 9, 2011, 1:51 amOh BTW = My May-bank loan still waiting - taking 4ever - hopefully I will get feedback next week .



This post has been edited by daryan_x: Feb 9 2011, 01:51 AM
daryan_x
post Feb 10 2011, 09:57 PM

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Hi Everyone ,

OCBC got back to me - basically the same rate as teumika.
Now still waiting for Maybank
daryan_x
post Feb 23 2011, 02:07 AM

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ELLEYCNDY - how many years is your MRTA?
daryan_x
post Feb 25 2011, 09:16 PM

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Well since were all soon to be new owners of Residence 8 - hopefully near LRT or not - our condo value should appreciate over the years
daryan_x
post Feb 27 2011, 10:51 PM

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I think some sales folks are part-time/contract worker go talk direct to their management- then can get the answer directly
daryan_x
post Mar 1 2011, 12:03 AM

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I agree with Teaumika!!

Based on trend price will just go UP UP UP for property -it's a global phenomenon.

Example singapore -housing buble burst - but within 2 years after the bubble burst- prices were back to pre bubble burst values.

Unless Malaysia got sub-prime issue like USA then different issue.

Our good friend MAC housing minister say we can emulate Japan and use 2 generation to pay housing loan in the future - so what is he implying? Govt won't stop land property to go up.

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