Agreed

Huh? I cant get what you mean.

I didn't buy Olives and not buying either.

His acc was registered at Dec 2011, not 2012.

Confused!~

How about owners who are waiting for rental? So far what's the rental market for this condo n the rates?

Interesting to note on a purchaser of this condo. As I'm aware not many units are occupied.
Please share more once you've moved in later.

Was supposed to move in mid Jan but encountered a few problems....
A very friendly neighbor advised us to do a "ponding" test to all the bathrooms. Apparently it's to check whether bathrooms have been properly water proofed.
The present developer has formed a team to address all defects and I think the warranty has been extended til end of this year.
So we had all the 4 bathrooms done (took 10 days).
We also informed the occupants on top of us and they have started. So far the result seems to be satisfactory. Quite professional team.
A lot of tenants have started renovation and security is good.
The walkways and hall areas are very spacious and the air is moving. No stifling effect.
Residents are a variety of races/age including foreigners.
Will continue posting once we've moved in.

daneres, if you don't mind me asking, how does one conduct this "ponding" test?

i also recently got a unit there

Compare with the surroundings area.. Subang olives is the cheapest in subang jaya.. I think their balance unit sales will picking up.. Just imagine for less than 700k u can get a condo in subang jaya for 1500sf.. Psf price only less than 500psf.. I was the agent for subang olives.. So I know most of the story behind.. Haha...

What is the occupancy rates now?

1,500 sf can asking how much rental for fully furnished and partly?

The occupancy rate I think about 40% only.. A lot of units still under defects work.. I think for 1500sf partly furnish can go for 3k and fully furnished probably 3.5k-4k.. Depending on the furnished..

not only defect problem. this property, alongside with Subang Soho and Parkhomes have fengshui issue where it has got a u-turn/big curvy highway 'cutting' through. It's called "sha qi".

Im thinking to get a unit there, got an offer for the 1500sqf for only 680k. What im worry is the defect checking and all. Do i have enought time till warranty end? Else i may park my plan to an older condo in subang vicinity.

This post has been edited by RS232C: Feb 3 2013, 11:33 PM

Not very good at managing forums ....so here's the answer to tanjonny....
you go to the defect centre next to the sales office and look for encik Faizal.
He should be able to advice you about the "ponding". According to the person we bought the unit from, the warranty period is extended for another year.
Am not Chinese, so don't really understand much about "feng shui".
Agree that the entrance and exit is a bit weird, so we hope the current management will do some improvements.
So far still happy with the premises and surrounding areas.

pros
cheapest psf amongst all subang condos
convenience

cons
fengshui - which i believe logically location is the key, thus negates this 'sha qi' gimmick
exterior look - a bit run down, with time i'm sure with the sinking fund allocated will give this a new paint overall

For a considered quite new condo, the exterior White paint is quite worn off. Take away any wow at first impression

That's why. it's undervalued because of this. first impression does matter but if u come to have a look the works are all underway to 'revamp' it.

Anyway Olive 2 is in the pipeline for launching.

Stay tune.

Where is Olive 2? Adjacent to the current project?

Do you mean the developer is repainting it?

When was the VP of this project? Cannot be using the sinking fund to repiant so soon, rite?

Last I went condo looks like going to fall apart

VP was back in 2011.

rumor has it that the repainting is end of this year.

subsale units are getting higher as owners are holding on to it now because of this possible repainting job.

i don't see any other residences (serviced residences) in the vicinity being lower than olives now.

phase 2 coming up too with soho units.

developer units are still available.