Lagoon Perdana is selling 135k to 170k for a unit ranging from 852 to 992 sf, has 3 rooms and 2 bath. It becomes the most listings in online property for below 200k in Bandar Sunway.

Do you think Lagoon Perdana is a good investment? What is the cause of the owners of Lagoon Perdana so desperately wanting to sell off their units? Lagoon Perdana new block is still new, not many is staying yet.

Security of the apartment is tight enough that they wouldn't allow non-residents into the building. Although the old blocks looks like it has been there for ages, but the new block looks new and clean.

For long-term, is Lagoon Perdana a good investment for rental? Monash, Sunway and Taylor's University is just nearby. How would it look like in another 3 years to come? Advise anyone?

a lot of foreign workers staying there, place not well maintain, possibly corrupted management.

The thing is my friens used to stay thr until 2 of their houses were broken into and laptops n tv stolen... gt many other student house also broken into then the tighten the security need to give identification to enter.
Then after awhile like 2 - 3 months ago a chinese guy was stabbed to dead in the parkin lot infront of his wife.. nw outsiders cant enter after 6 oclock lol.
I think u have the idea y ppl sellin ryt?

If u enter earlier, this place rental gains quite good
Banks able to finance

I used to visit Lagoon Perdana a few times last year. As from myself, I can say that the place is real crappy at night. With the asking price range now, I don't think it will worth your investment. Except if you are able to get an auction unit for reserve price at RM85k. But that seldomly happened.

This place from the outlook and looking at the for sale adds really 'no-go'

But if u calculate the yield and the ease of renting out, it is quite attractive even at current price.

With Taylors lakeside just across the flyover, demand will still be strong but the rundown condition & existing tenant mix is not condusive for 'good tenants' if u catch my drift.

Mid-term still sustainable and investable if you do not mind some 'extra' work and not fussy bout your tenant or condition of your apartment.

There is oso a new high priced Service Apartment coming up which might boost rental yeild if LP JMD spruce up abit

So many units waiting for auction, wat 4 u going spend 135k and above to get one. Just go to get one from auction. I buy auction unit before, not so difficult especially for new completed unit, just follow the step will do. If u want more free, just ask agent bid 4 u....coming will be a lot list in auction list. Below just one of the web page u can refer 2.

http://www.iproperty.com.my/property/searc...=&wp=&ns=1&au=1

Are there still many auction units at rm85k?

No sure. ask agent.

Formerly an abandoned project by one of the subsidiaries of the 'wonderful' Talam. The subsidiary was sold to two individuals for RM2.

this is an ham ka chan apartment with plenty of theft, robbery, rape, kill, car missing, break in ... better stay away... the old block look like a scary dungeon ...... even worst when you walk in their lift or starcase... it just like living in worst than pekeliling flat.....

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Added on February 14, 2011, 2:58 pmcorrupted JMB, plenty of orang hitam stay there... everyday at 6.00p.m they gather to disturb girls and have party with rap and hip hop... my fren who stay there told me they even have sex in the staircase.... tarak malu punya....

This post has been edited by giantdan: Feb 14 2011, 02:58 PM

err.. no

I wanted to invest in that property before and went to look at that area. The prices never really moved up since. Rental returns are great but tenant quality issue. Stay away bro..

Hi, I think Lagoon Perdana is a great place because there is no place is Sunway you can get cheaper place to stay. Southquay bungalow selling above RM4 million is just opposite and another block of high class condo just opposite the road selling at RM850 K. A property agent told me she sold 8 units to the same person. Also she received many enquiries from foreign investors such as Hong Kong and Singaporean. A banker told me she has done 6 bank loans in a month for sunway and there is no problems with Talam any more. Those are stale news. This condo has big build up 852 sf and 992 sfIts really value for money. If you don't buy now, you will regret because of its locality. They are tightening the security here. Must have access card to go in.


Even high class condos in Sri Hartamas also got murder case. I think its all rivals.

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Added on February 28, 2011, 2:05 amThere isn't any auction unit for sunway lagoon perdana going for RM85 K. I have been keeping a close watch for it. This project launched 10 years ago sold from RM120k and more for 992 sf, while the smaller units around RM100 K. Because it was abandoned for many years, the price never get to go up compare to other property around this area. IJM finally help to complete Blk 1, 3 and 8 . And it was blessing when you see the big buildup. I attended 2 auctions, 1 by citi banks and another standard chartered, the price starts from RM135k for 992 sf and RM125k for 852 sf. Never at RM85 K, not even bumi lots.

This post has been edited by kristygale: Feb 28 2011, 02:05 AM

I agree. As sunway and surrounding becomes more developed in the coming years, you won't be able to find such a price anymore for such a property at that location. Eventually as things go up, it will make the ROI on this go up as well. At least imo, it's a little unpolished gem property for those who knows how to play it.

Agree that ROI will continue to look 'beautiful' but I suspect that the tenant profiles won't change that much in time to come. It will remain and remain as a 'hak guai dao'.

And as a landlord you might be tested on your patience from time to time..

KL 100-200k eventually will divide to 2 cat
1. outstation locals who working in KL
2. foreign labour (legal or illegal) eg indon, bangla etc

for cat 1, they'll try to avoid group 2 and move to 200-300k apt, they want comfort but cant pay high rent. so rental yield is lower
for cat 2, they dun mind to stay poor condition 50-150k apt, they can afford 600-700 rent, (coz share among 8-10 pax?) , so rental yeild is high.
i tink lagoon perdana will fall under cat 2.

izzit worth it to rent to cat 2? later when agreement is finish and ur apartment is tore down by 8-10 ppl living inside it.. sometiems its not worth it.

heh. of course you should go find better tenants to rent. if you purposely rent out to those groups of unsavory people without protecting yourself, you welcome the trouble to yourself

i know of the new blocks rent out to nearby working people about 800-850 and they are chinese locals. just need to know how to find the right tenants or get a good agent.

I've walked among its corridors .. its uneven, wavy, i feel like i'm walking on water 10storeys off the ground and its scary to think 'will it hold up..' But if nothing else matters except pure roi, can't argue anymore .. Gotta be stout to be a landlord among the rough/tough/foreign here.

Yeap. And if they fail to pay on time .. it's gonna be a real messy affair I figure ...

Today I took my brother to sunway lagoon perdana. Although I have an access card and try to get him without registering, he was refused entry by the tight security. He has topark his car, register his name, leave his driving license and state the block and unit he is visiting and duration of visit. My brother gives his thumb up and was amazed with the tight security.

Later when he saw my place with the big buildup he was so keen to get one for himself because he say it is good value for money. Asked an agent on ROI, the agent said a fully furnished unit was rented out yesterday for RM1500k to a Pakistan family.

Contrary his old high class condo have been left vacant for many months , no tenant, low density and he has to pay monthly maintenance fees RM300 plus . What more, his high class neighbours car got stolen in a high class condo even got cctv. Also go "high class hak guai"

beside hte poor management/maintenance, i hate the surau (with loud speaker) which built inside lagoon perdana (near block 8). this is the first time i saw a surau was built inside the apartment. u will be waked up by the loud azan sound every early morning ~5.40am

Loud speaker inside the premises.. Hmm, that will be not very good.. But free alarm clock for years..

Any type of facilities inside? Mini mart? Swimming pool? Gym? Tennis court?

Btw, on a side note.
If there are any Lagoon Perdana owner (new block by IJM) here wanting to sell units, kindly PM me please.. Thank you

Don't trust agents ! Most agents are liars just to make a sale.

I was once told a apartment was renting at rm 1300 but when I saw the tenancy agreement , it was only rm 900.

No Gym, no tennis court, no swimming pool, no mini mart inside the apartment... This new block look new now because most are still vacant. You look at the way they contruct it.. the architect are nut .. allow water to be discharged from the balcony of every unit & walking corridor of every floor straight to the ground. Imagine.... what will happen in years to come ?? the building with water mark, painting peel off and mould grow everywhere and the ground is constantly wet with dirty water (air basuh baju, air basuh balcony etc)...all the time. If you look the the workmanship .. it like very low grade of work and my friend (who own a new block unit there) told me that there is internal breakage of piping for all 3 new block which most of the owner are having nightmare now.. imagine water coming out from wall which the piping run thru underneath the wall. Better stay away....

Wah.. So terror meh?
Wall leaking, pipes break? water running everywhere...
Later the whole building also collapse lo..

I think there is one block which the developer refuse to complete it due to instable foundation.. oh yes.. bingo.. instable foundation means collapse...

Besides this, is it safe? Yes, have access card and all, but that might only prevent people from coming in. How about the 'hak guai' that is already living inside the building? They have access card don't they?

Isn't there a news about a man who was stabbed to death in front of the wife. Just a thought, can all these be erased in let's say 10 years to come?

go for it if you got experience in renting out apartment of this type . is the same case with flora damansara which is also cheap and easy to rent out but attract all sort of people . Maybe the new block of lagoon perdana will be better but it still sharing the same area with the old block .

[quote=Wengsoo,Mar 17 2011, 04:38 PM]
Besides this, is it safe? Yes, have access card and all, but that might only prevent people from coming in. How about the 'hak guai' that is already living inside the building? They have access card don't they?

Isn't there a news about a man who was stabbed to death in front of the wife. Just a thought, can all these be erased in let's say 10 years to come?


If you wanna train your gut.. then stay at lagoon perdana

you see... all so dicipline lining up to enter the flat.... sometime have to lineup for 20min - 30min before your turn to enter... have to line up tigether with bangla , nepal and hak guai...


Attached thumbnail(s)

[quote=Yamaha 444,Mar 17 2011, 05:45 PM]
[quote=Wengsoo,Mar 17 2011, 04:38 PM]
Besides this, is it safe? Yes, have access card and all, but that might only prevent people from coming in. How about the 'hak guai' that is already living inside the building? They have access card don't they?

Isn't there a news about a man who was stabbed to death in front of the wife. Just a thought, can all these be erased in let's say 10 years to come?


If you wanna train your gut.. then stay at lagoon perdana

[/quote]

thanks FYI.

OMG, salute bro! you actually provided pictures! What's up with the queue?

now i know why it sells so cheap dy

This is the havoc of the access card that recently implemented by the corrupted mgmt..... this scenario almost happen every weekday evening and sometime in the morning.. imagine if you park your card outside the apartment and you have to queue together with those bangla, nepal to go out from the guard house......

One more thing which i totally piss off is when collect the access card the mgmt demand to pay RM50.00 for the card and additional RM50.00 refundable deposit... so i question them "why should i pay the deposit if i already pay you RM50.00 to own the card.. deposit only come into picture if you loan me the card..." ended up i did not collect the access card.

but anyway I already sold off my unit here after waited for 10year for it completion.. no more nightmare..

Hey, that's not true. I am a resident here and I only pay RM30 for walk in access card. No deposit, just RM30. It is refundable if you return the access card when you no longer stay there. You have sold your unit so what you are saying is not true.

As far as I can conclude here

Good --> Undervalue for a area like Sunway.. No doubt, this can be considered as one of the cheapest apartment/condo that has the nearest proximity to Sunway Pyramid.

Bad --> Nightmare on previous developer. Substantial quality on some units.. Foreigners problems..

Something to think about.. Will this be a good investment for the next 5 years to come?

not a good investment, too many indon there

aiyo.. it true lah fren... first they implement RM50.. it was somewhere last quarter of the year maybe now they change already lah... but anyway goodluck to you who stay there...

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Added on March 22, 2011, 11:39 amNot only indon.. but african, vietnamese, bangla & nepal .... and corrupted mgmt..


This post has been edited by Yamaha 444: Mar 22 2011, 11:39 AM

what can we say about talam project.. haha eventhou its revive with diff developer..but since d basis and foundation is wrong..d finished product will be d same.

plus i dont really like that area..more like foreigner land..

This place has high foreigners % compare with locals than other places, use to be quite bad with the security and maintenance, but now I think situation has improve a lot, it has a proactive Resident Association, tightening security and good upkeep are their latest effort.

There used to be a few abandon buildings, an eyesore and devalue the rest of the completed building, but now all buildings are completed, value seems to be going up! Certainly a high demand for rentals there.

::>> And TALAM will forever be cursed for being involved in property development business!

This post has been edited by Crackenoid: Apr 19 2011, 02:27 PM

Lagoon perdana got more students or foreign workers renting?

Same question i want to ask, home someone can share a good reply and update, thanks.

i'm planning to rent here also. Is this place suitable for married couple like me. + 1 child. especially for the new block

please advise

This post has been edited by norman05051984: Jun 3 2013, 02:59 PM

Bro, if possible, pls avoid this apartment since u have wife n a child. Pls visit 5 times and monitor who are the ppl staying this apartment.

If u're students, then nvm, risk of being break in or rob is not that high, but better rethink twice.

Hi Chris,

Mind to shed some light for laguna residence. From what i know CF is pending i think quite some time already.

Any thought?

Wow, you remind me of this Laguna Residensi in this Lagoon Perdana thread.

I wait until neck also long dy, and still no news of the CCC issuance and the agents also no longer update me. I am not willing to make booking until I view the units selectively as well as concerning about the quality of this IJM tookover project from Talam where I found the external facade is not bad but internally the quality is so-so.

For this kinda of RM 300-400k apartments, IMHO, Sunway area is still lack of it and the rental demand of similar prices are huge, based on the performance of Sunway Suriamas which jumped incredibly from 2009-2012 in terms of rental demand and property appreciation ( From RM 220k to RM 460k ).

Laguna is benefited of it's location of being nearer to Sunway Pyramid and the shop-lots next to it, also being a neighbour of Sunway South Quay also boasted a great lake view of such medium graded apartment. Location wise, it is more advantage compare to Suriamas.

The size of 900-1000 sf is just nice, with 3 bedrooms apartment, I feel easily can fetch RM 1500 rental and subsequently increased to RM 2000 f/f. Meanwhile, Suriamas is great of it's size of 1240 sq feet with 3+1 bedrooms making an easy path for a group of students pool to share the unit themselves.

For Laguna the rental would be there, but I think property appreciation might be some limit or capping, where as I do see now, it has chance to increase to RM 400k+ but not more than RM 500k due to Sunway Suriamas's sales had been very stagnant after asking from RM 460k onwards. The only catalyst of pushing the property appreciation would be the students heavy demand like Sunway Suriamas, although being far-er to Taylors and Sunway Col, the units rapidly filled in and I enjoying the luck there.

The only aspect here for Laguna would be, the long term saga would prohibited the performance of property further appreciation.

thanks for your insight.dang...need to find another place lah.

May i know which block is new and which is old?

yes, im wondering too..which block is under ijm?

odd blocks are new.
1,3,5

Please think twice on this place, i got visited that place about 1 years ago. This place was very horrible , dark on the corridor walking, dark , same to the lift and was so smell.The feeling you will feel uneasy. You will feel this place like those pekeliling flat that gonna demolish soon at jalan pahang there. Apart from the strategic location near to Sunway.The rest you really need to consider mate.

I saw so many bangla and foreigner. This place is really not suit especially for lady.

mentari court or lagoon perdana? which one?...i know some of you will answer not even both...but lets say you want to invest here....(basically we dont have enough money to buy some fancy apartment) which one would you choose?

Apart from the negative comments. For investment, u can rent out at 1300 furnished. That's more than 6 percent return investment.
Until today there are many agents call me to sell off the unit. Let see

how bout current situation/environment nowadays ?

pls advise

suitable to buy for own stay?

is it getting better or worse?
any advise pls..

Hi anyone keen to sell his non bumi unit below 200k please pm me.

Lagoon Perdana 850sf unit For Sale ..interested kindly pm me

Hi,, What is the market price over there right now?

Ya, am wondering what is the current mv now

Thinking of buying a unit for renting. Any advise
I noticed there are lots of unit for rent ...

or Ridzuan Condo is a better choice FOR INVESTMENT ?

1180sf for RM400K, 1400sf for RM420K ?

Lagoon perdana started repainting and also looking into the strata title issue more serious d. Heard a developer going to take over the whole master title

With BRT completed and Sunway Geo coming. Lagoon perdana definitely is one of the highly sourced property for middle low income group to rent/buy

Location wise is not bad.

this apt just too crowded with foreigners.

lagoon perdana
-852sf
-3r2b
Basic unit with full furnish
Block 3!!!!(new block)

2 unit available
buzz me 016-666 0461 oif u interested!!!
price at Rm238k

lagoon perdana
-852sf * 992sf
-3r2b
full furnish
Block 3 & Block 1!!!(new block)

4 unit available
buzz me 016-666 0461 if u interested!!!
price start from Rm238k

Those who plan to buy lagoon perdana my advice is buy if you're cash buyer with alot of cash, if those plan to borrow loan, this prop is under many bank negative listing, you'll have difficulties in getting loan, which is nothing related to your profile issue, is this property issue.

Good location....

If you need financing for lagoon perdana(master title), can contact me, I am working in a local bank

Is it because developer went bankrupt/under receivership or because more than 10 years no strata title issued ya?

Hi, any latest update for this apartment? Any improvement has been done?
Is that OK to buy now ? Please advise, thanks.

Still have ? But currently what is the improvement over there ?

A lot transactions last year
Ranging 200k-250k

So any improvement over there?

If u guys looking for better alternative i have a sibsale condo unit to let...

Letting go at 325k, 1050sqft, freehold, master title.

Currently rented out for rm2.3k.

U guys can continue the tenancy agreement as the tenant is long term...

I have a subsale unit of walkup shop apartment
Cheaper alternative

Around the area of seri kembangan.

700sqft, strata title 3 room 1 bathroom.

Currently rented out for rm600.
Owner a friend want to let go at 120-130k nego.

Currently kinda blur how to market this for my fren🤔

Interested. Can pm me more details?

Any further info kindly pm.

Hi, stil working at local bank?

Already have d strata title?

Anyone still staying ther? How is d condition now?

best is to see it yourself. seeing is believing.

I went to the place on saturday. Lots of foreigners.. jus need some oppinion whether is it time to buy as Sun Geo will not completed yet. After completed, most of construction workers who stay at lagoon perdana will move out. So the remaining tennant will be student n locals. Should i wait or grab now?

everyone have their own risk appetite, and preference . for me, important thing is how is the JMB and the maintenance as this will affect the value of the property in the long run.

Yes feel free to pm me for anything, been doing a lot of financing for this area

Pm me for info, I work as a loan officer in local bank. Are you buying one unit of lagoon perdana?

Able to obtain bank loan for this property?