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 Kiara Residence Phase 2, Bukit Jalil or OUG New Development

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chloe0426
post Jan 9 2012, 09:07 AM

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Anyone know about the background of kiara resources? pls help as i got one unit in my hand and i am worried about it. Please help.
chloe0426
post Jan 9 2012, 09:54 AM

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QUOTE(ryei @ Jan 9 2012, 09:12 AM)
there are plenty of bigger units still available.. you may go to their sales office to check it out


Added on January 9, 2012, 9:14 am

Me either... still worrying..  cry.gif
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i just got one unit for myself is 1276sf with 540k...however i am worried about the background of the developer. Does anyone can help me?
chloe0426
post Jan 9 2012, 10:13 AM

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QUOTE(ronn77 @ Jan 9 2012, 10:09 AM)
Beginning I'm quite interested with this project but after seeing the price which initially suggested at $380/sqft and now balloned up to $450/sqft which totally kill off my interest. No point pursue this one as I feel if you guys still insist on this location I will rather opt for ZR which is a better buy at this price with better history of delivering units. Nothing to be shouted about the location of this project apart from the so-called lrt which is walking distance as this project is going to share same access with ZR, KR1, and Trees which once all these projects is completed will see cars queing along the road in early and evening to and from your office. Not to be forgotten that this is leasehold properties and more importantly will be the first ever project fm the unproven Kiara Resources as they are just a sub-con during last time and do not have strong fundamental to be a developer. Certainly there will represent a big risk as if anticipated slow economies which will hit construction sector and with higher rates which going to come soon will definitely cause the delayed in the completion or may even be the next abandon project.

Save your bullet investors, there will be more and reliable upcoming projects than this one, no point to risk your dollars on this.
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Thanks for your advise. However i just got one unit in my hand. Should i go or not to go?

I am worrying now.. cry~
chloe0426
post Jan 9 2012, 10:24 AM

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QUOTE(ronn77 @ Jan 9 2012, 10:17 AM)
Do you opt for own stay or for an investment? Do you like the area? What is the reason you decided to buy this unit?

Certainly there will be risk involve for this project especially fm first timer developer but again it may turn out to be your best ever investment too. Nevertheless probably could you share with us on the above question to make us understand you more.
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Actually in location wise, it is a great place for own stay as the transport lrt just near by and the condo just beside kesas and mex highway which is directly to kl city area and cyberjaya area. Moreover, it is direct access in btw sri petaling and kuchai lama.

for investment wise, i think the resale value is higher with the great location and public transport.. by using kesas just 10 mins away you may reach Taylor, Inti, SEGI and even Monash University.

And i just like the concept of the condo with resort style..... Hopefully i am making the right decision..else it would be the worst decision in my life!



chloe0426
post Jan 9 2012, 11:05 AM

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QUOTE(ronn77 @ Jan 9 2012, 10:36 AM)
Understand but have you think of the access in the future? Will you tolerate with the daily access whereby the queue to in and out fm your house takes a long time although from the map it looks very near? My colleague stay in Kuchai Lama told me that his condo is exactly 100-200 metre fm the traffic light which leads to KL-Seremban highway, NPE, Kesas and to federal and now it takes him about 25 mins just to wait for the queue of those cars and traffics in front of him waiting for the bottleneck traffic light which all cars sharing the same access and now my colleague told me he wanted to quit that place so badly. There is still many projects which is also near to LRT station which you may take a look and too near to lrt will causing problems too (cars park close to your condo and worsening the traffic woes and not to be forgotten noise pollution). Look at Bukit Jalil now, during evening time the traffic is jammed all the way thanks to cars that is double or even triple park at road access causing the whole road jammed for nearly an hour which during non jammed day only takes about 5 mins.

Anyway wish you all the best in your investment  wink.gif
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Thats the reason why have LRT.. i doubt that your friend in kuchai lama have access to LRT right?i am still okay with the traffic morever if you are working in kl. you may use mex highway to reach along jalan tun razak..

I dont know whether i am right or wrong.. all i can do now is pray hard that this development is real good for me in future....

Does anyone bought any unit in Kiara Residence 2?
chloe0426
post Jan 9 2012, 11:21 AM

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QUOTE(ryei @ Jan 9 2012, 11:14 AM)
chill.. you looks panic and nervous.. almost loss your mind.
If you think you are not comfortable with it, just pull out.
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haha... chilling here.. i am not panic just worried that about the developer background.

Just want to get as more advise as possible... i thought this forum should be keep active like Q & A session.

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