Unless it is stated in DMC that owners cannot rent to African , which by law is discriminatory and unlawful, you can never stop anyone renting to whoever he deems fit.
Mirage By The Lake, Cyberjaya, By OSK
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 Jun 30 2015, 04:46 PM
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Junior Member
400 posts Joined: Jul 2010 
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Jul 3 2015, 08:09 AM
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#2
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400 posts Joined: Jul 2010
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Unless all are own stayers , else the truth is investors would want the liberty to rent out to whoever he sees fit. In cyberjaya, if you dont rent out to foreign student esp africans, the chance of you getting other decent paying tenants are slim. Vacancy for prolonged period while paying instalment and management fee is no joke.
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Jul 3 2015, 09:26 AM
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#3
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400 posts Joined: Jul 2010
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Maybe they were sold with the ideas that they can rent it out to expats for investment purpose. Just that they didnt expect it is different kind of "expats"
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Aug 5 2015, 11:34 PM
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#4
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400 posts Joined: Jul 2010
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The sad truth is not everyone has the deep pocket to sustain months or even years of instalments without rental income. I believe most of the landlords would want to rent out at first opportunity to locals/quality expat tenants but then how many of them out there ?
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Aug 20 2015, 08:32 PM
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#5
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400 posts Joined: Jul 2010
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Could be a plus point , maybe there is some rich African buyer prefer to see their compatriot there.
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Oct 11 2015, 09:16 AM
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#6
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400 posts Joined: Jul 2010
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Sad truth is cyberjaya n puchong are certain ethnicity hotspot. With current soft market , investors are desperate for cashflow to cover their commitment , u cant really stop then from doing so. I think forming JMB asap and enforce strict house rule on residents are so far the more effective way of erradicate unacceptable behaviour.
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Oct 12 2015, 08:51 PM
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#7
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400 posts Joined: Jul 2010
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QUOTE(thecaterpillar @ Oct 12 2015, 11:21 AM) Totally agree, those investors investment will go down the drain for short term gain. Sadly in reality , not every investor can leave their unit vacant and slowly choose their tenants. U think they dont know the consequence of renting to certain group of people ? Not renting to only available tenants could mean falling behind payment , property being lelong , name being blacklisted. This is worse compare to having not so favourable tenants but could pay the rent ( maybe even higher than market ) especially if the investors not staying same area with them.I'm against racism. But seriously still need to pick your tenant properly regardless if it's a high end condo or not. If they are real working professionals then should be fine. But if they are not working, but having lotsa money to spend, you better avoid. If it's foreigners, it's best to interview them first to find out where they work. In some countries, they even ask potential tenant to provide referral, but over here the owners just want to know how much tenant willing to pay. Some foreigners use their local gf/bf to sign the tenancy agreement. This is some difficult situation to handle, but I think you have the rights to kick them out if they r suspected to 'sublet' it out.  |
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Nov 15 2015, 12:33 AM
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#8
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400 posts Joined: Jul 2010
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QUOTE(PenangLaksa @ Nov 14 2015, 10:24 PM) I know a Chinese couple who rent a place in MBTL, their bedroom is like a shit hole, I couldn't believe my eyes when I saw it. My point is, not only PHs are bad tenants, other people can just be as bad. It all boils down to how one is brought up. How come so many uncivilised tenants in MBTL ? |
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Nov 18 2015, 09:18 AM
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#9
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Junior Member
400 posts Joined: Jul 2010
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If investors are pissed off , they can sue JMB for damage for implementing discriminatory policy which affect their rental. And JMB members are liable personally for such claim, so make sure insurance coverage is sufficient.
This post has been edited by RTFM69: Nov 18 2015, 09:21 AM |
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Dec 1 2015, 07:53 PM
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#10
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400 posts Joined: Jul 2010
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QUOTE(khng07 @ Nov 27 2015, 03:09 PM) Discrimination policy???? Please you go to the Domain 3 and look and the building within 3 years the building like shit..... If the living environment change than the property value will drop..... now selling also no one to buy..... All created by those selfish INVESTOR who only care about their $$ if you stay there you will know I do not have anything in cyberjaya and highly unlikely will buy anything there. So dont need to be upset with me. Just giving advice whatever decision JMB make if go against highest law of the land, individually member could be liable to claim. |
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Dec 2 2015, 03:37 AM
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400 posts Joined: Jul 2010
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QUOTE(CK15 @ Dec 1 2015, 08:23 PM) Are u a lawyer? Can u share in what ground u sue the JMB? Ooop! U no even know every owner is a member of JMB.. Try online search why there is such insurance for Professional Indemnity/Management Liability/ Error & Omission (E&O) for Joint Management Body. . |
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Dec 26 2015, 05:04 AM
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400 posts Joined: Jul 2010
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QUOTE(nexona88 @ Dec 25 2015, 11:39 PM) good news for those buying next year. They alwiz change their cock n bull whenever wind change direction. This is the same fellow who predicted price in KL city to hit 5000 psf in 2016 few yrs backcan demand more & get cheaper price |
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Dec 28 2015, 11:56 PM
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#13
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Junior Member
400 posts Joined: Jul 2010
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These few years auction unit fetched prices tended to overshot similiar subsale asking. So it might not reflect the floor price.
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Jan 10 2016, 07:00 AM
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#14
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Junior Member
400 posts Joined: Jul 2010
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How do u actually just ban african tenants without banning the koreans , the japanese , the white and the middle easterns etc ?
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Jan 16 2016, 05:27 PM
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#15
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400 posts Joined: Jul 2010
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What if the africans said they already paid rents in advance and have tenancy agreement signed ? Just wonder.
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Mar 3 2016, 07:28 AM
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#16
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Junior Member
400 posts Joined: Jul 2010
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400 psf in cyberjaya is not bargain for me. There are others more interesting than this in auction list.
This post has been edited by RTFM69: Mar 3 2016, 07:29 AM |
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Mar 4 2016, 06:30 PM
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#17
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400 posts Joined: Jul 2010
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It could be personal reason. It could also be the location is overhyped, oversupplied or too much weak punters. Just like last time bukit beruntung, non stop auctions and auctions for years.
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Mar 4 2016, 06:54 PM
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#18
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Junior Member
400 posts Joined: Jul 2010
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I didnt talk about cyberjaya. Everything is relative and i am just providing a more balanced view of why there are auctions in certain area instead of just blaming job losses.
Bukit beruntung was the classic example |
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