Hi Sifus

Pls provide an insight as to whether Subang Olives Residence is a condo worth investing. Understand that Vacant Possession took place in year 2010 but seems nobody has moved in there yet. Why is that so? Also cannot see any owner letting out the condo units in IProperty. Only sale units available. Is there anything wrong with this condo?

Owners do not have to pay monthly maintenance fee but they have to pay for the car park, of which the revenue collected will be used for maintenance of the property. Anyone knows what is the charge per car park lot?

Would appreciate your feedback.

Thank you.

That condo change hands many times by different developers.

Like oval klcc no one move in

What are the negative effects of a housing project having changed many developers? I heard the condo now is badly maintained. I supposed no one move in yet, so there is no car park fee collection which means no money for maintenance of the property. Think the developer made a mistake by using car park fee as revenue for maintenance. They hv to incur the maintenance cost at least for one year after vacant possession.

The problem is the pricing..Alot unit i believe is not sold yet. Because change hands 2 x, the cost also rise i think. Plus it is far off from amenities thus how to sell for same price like casa tiara, subang avenue, saujana residency etc.. Just dont make sense. Same like Amaya saujana.
I believe people would compromise on size and spend less ( meaning total price not price psft ) at better location than pay higher price for bigger units at further location.

Phase 1 = Residents
Phase 2 = Hotels

Car Park Fee (NO maintenance fee)
2 Car Park = RM 380/mth

http://www.iproperty.com.my/property/searc...99&lo=&wp=&ns=1









Attached thumbnail(s)

If far from amenities, subang soho going to be completed soon just next door
Parkhomes just after it
But I see the price also got go up to 650 minimum frm 450k

This post has been edited by airline: Apr 15 2011, 04:11 PM

Not so far lah...just make an U-turn..

The location is a bit far from amenities like subang parade, carrefour and etc. also the future lrt is not within walking distance which buyers have better choice than this one. i feel the price is a bit steep, for 1400 sqft they selling at 700k, probably 550k will be more justificable.

I feel the same too ... that is the quiet side of the happening side of subang ...

Yes, agreed with you. There are all selling 480 ~ 500psf.

The question here is if the price drop to 550k....would you to buy?

The concept of this development is "Apartment within Apartment", whereby you can rent the unit to 2 different tenant because of have 2 separate entrance.

If not mistaken, 1 is in studio unit around 300++ ~ 400++sf, another 1 for big family around 1100++ ~ 1300++.

If for own stay, can buy Laffite apartments for 1/3rd the price or a landed property in Subang jaya which holds more value. Olive is not happening enough to sell at that price. Thats for me k. Not a fact.

Hi thank you for all yr views and info.

This post has been edited by MaxKHOO: Apr 15 2011, 06:45 PM

I think you are mistaken. RM380 is for 2 carpark and still I think the maintenance is not that bad considering huge b/u of 1471 and above which comes about 0.25/sqft. I understand that there's still some developer units left, wonder if the price is still park at the old price or already revised?

Already revised to current market price...no more old price...

The Aramah raya already bought over the developer, so they have strong holding power, so they will not sell below market value.

If you want the lower price, maybe u can wait 4 auction unit.....(maybe have)

I wonder when the Phase 2 will be out.....

what is the building under construction next to Olives? Parkhomes I remember not so tall when they advertised.

Subang soho

Hey guys,

Yeah, what happened to Olive ? I have bought a unit of Subang Soho .. I dont wish to stay next to a white blank soul-less condo when my Soho complete ... sigh

Got 1 unit occupied already when I passed by yesterday

Haha....finally got ppl move in oledi...

FYI, now current bank valuation is around 410psf....good luck for hunting..