Wanted to ask for opinion on Jasmine Tower. 300k, 1000+ square feet. Unfurnished. Good buy?

Agent said, rental can be 1.5k. Serious doubt about that. However, even with the rental, causes negative cash flow.

Any uptakes on that? Thanks..

300k is a good price for own stay, consider the strategic location. For rental, maybe but I still think people will prefer places like damansara perdana. What floor is it?

why damansara perdana? got a lot of african le..

Sorry ya, you also have Mon't Kiara, TTDI, Kota Damansara and etc.

Damansara Perdana got a lot of apartment to let at a cheaper than RM1.5k unfurnished and newer than jasmine tower. But Jasmine Tower for own stay, very worth it!

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Added on January 21, 2011, 2:18 pmBut I dunno how the SS2mall will affect the properties surrounding it. Might need more input...

This post has been edited by yeowa: Jan 21 2011, 02:18 PM

Hmm..condo newer, doesn't mean built to be better. Besides, damansara perdana is very jam, and road access not as good. Kota Damansara also the same.

Not sure about mont kiara, but jasmine tower road access is very good. location is also very strategic. I agree for own stay is very good, but not sure about investment..

Anybody else have any views please?

300k is hard to get bro... I'm also looking

The reason why I quoted Damansara Perdana is the convenience in using Penchala Link.

any area also good .. just depends on the buyer ..
where he work ..
or which part he prefer ..

by the way .. im also looking for condo around there ..

If it's causing negative cash flow, that will only mean that you hope the property price to appreciate if you are considering it.

If you're considering to bleed, why don't bleed it on a landed instead of a condo? Less risk, higher returns if it appreciates. Logic?

Agree... But RM300k can find a landed property?

klang

Places in Tmn Medan or very poor condition house with less than 70 years tenure to go, u'll need to add up 50-100k! Yes you can start with 300k in PJ for a house

Jasmine tower is quite an old condo. Not really think is worth the buy.

it is worth for the location; but no-no if you have not gotten enough parking lots

I always thought condo's appreciation is greatest in the first 5 years and starts to taper off quite significantly after that. Rate of incremental value cannot be the same year after year. Any sifus thought on this.?? I agree with the landed property too.

landed property need a lot of money to repair, esp the older ones.

300k cannot get anything la.

there means... damansara perdana or ss2 area?

I think both places got parking problem also.. but then again, which condo doesn't?

This post has been edited by maeyi: Jan 22 2011, 10:41 PM

Look at Pantai Panorama as a reference....... Might give u some ideas......

Hi, thinking of buying Jasmine tower SS2. Any ideas from here?

What are your requirements?

The unit fits my requirement just have some concern on the building age, maintenance and the land next to Sungai Penchala

good location... my kampung =D
but it is rather old/aged liao.

also mid range like minimal facilities?

best is you pay a visit to check the condition, how is the upkeep etc.
how much eh?

Basic facilities just nice for me, swimming pool, gym

So far as checked the condition and maintenance looks good just not sure about the water pipping, electricity and building structure.

RM700-800k

Jasmine Tower is the first high rise condo in SS2. I guess it is more than 20 years.

The condo recently (last year or year before) repaint the building.

For such aged property, it is advisable to redo the water piping and electric wiring.

700k -800k quite high (may be big unit). You can get 900k to 950k in Ameera for unit size 1,289 sqft.

*I am not agent, I am just a resident staying in SS2 for 12 years.

Overall the areas surrounding Jasmine Tower, Five Stones, Ameera Residnece and The Hub are good.

Happy hunting!

Sorry double posting

This post has been edited by jflee169: May 11 2022, 09:53 AM

At this budget there are better choices IMHO. Unless you die die must be at SS2. My advice is to check out the JMB or MC. See how they function. Are they a good community or there are infighting going on. Check the audited accounts and see if there is enough money and whether the collections are good. Old condos need more money to upkeep as a lot of things need to change. My current condo in PJ is 12 years old and money need to be spent to change/ upgrade. But the collections are healthy and we have plenty of money in the coffers. In short.... how is the maintenance of the condo and the prospects thereof.

yeah, i agree got many choices at this price.
Jasmin really don't age that well.

Where to get the audited account to see the collections?

Actually, a few years back, the Sg Penchala was a concern for the residents there

https://www.thestar.com.my/News/Community/2...collapsed-road/

A copy of the news can be downloaded from the following link:
https://www.water.gov.my/index.php/database...ownload/28/5818

[quote=ongss,May 11 2022, 06:38 PM]
Actually, a few years back, the Sg Penchala was a concern for the residents there


A copy of the news can be downloaded from the following link:


Yeah I was considering about this as well but they mentioned it was solved right? and for the past 10 years nothing happens *touchwood

Ask management or ask owner who would have received it in the notice to call AGM.

Seriously people will pay 800k for this? It’s really not in great condition. I’d go for the Section 13 ones if I was considering a unit here. Otherwise I’d scale up to a link house. It would cost as much to update the unit and renovate to a modern standard.

If you are free these few days, drive around again and take a look into the Jalan 17/47 (the road between Damansara Bistari and Ameera Residences). I drove past this morning and saw a noticeable pothole in the middle of the bridge.

For myself, the car park tower for Jasmine Tower is too closed to Sg Penchala. If I need to pay 800K for a 20 - 30 years old condo, I would rather take Li Villa at Section 16, PJ.

i notice the median price of jasmine tower drop till 500K

I believe this drop is general for all highrises in Klang Valley with a few exceptions

the property value is droping right at malaysia...?

Property values dropped to its lowest recently during covid lockdown. After that, values recovered a little. Now stabilised. Highrise values will remain suppressed due to excess supply and the govt stressing on affordable highrises.

The cost factor of replacing electrical, plumbing and overall design are factored into sale price now especially for very old units. These are all expensive nowadays and there’s just so much brand new stock available where you don’t have to worry about these things.

800k better go buy newer condo. look at auctions, plenty good deals.

Agreed, even 500k is a bit steep for this already

how old is Jasmin tower? > about 20 years right?

considered darn old. It is it well maintained?
from outside it is pretty lame la. Design also outdated.