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 Subang Olives, Is this condo good for investment?

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CMW123
post Feb 24 2013, 12:07 PM

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QUOTE(kevinteh @ Feb 12 2013, 06:15 PM)
rclxms.gif

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
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For a considered quite new condo, the exterior White paint is quite worn off. Take away any wow at first impression
CMW123
post Feb 25 2013, 12:14 PM

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QUOTE(kevinteh @ Feb 25 2013, 11:27 AM)
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.
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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?
CMW123
post Jan 18 2014, 10:56 PM

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QUOTE(daneres @ Jan 18 2014, 10:48 PM)
I promised to post after moving in and it's been almost 1 year living

in Olives.

1. Price.
Subang Olives is still among the less expensive condo's in PJ or

Subang Jaya. 20-30% less. Bear in mind though that it's gazetted under

commercial and not residential. Water, Cukai Tanah, Assessment will be

charged accordingly. Somehow electricity falls under residential.
I understand that 2 carparks are given per unit, but if you need more

they are available for rent at a reasonable price. There are miniscule

storerooms in front of most of the carparks for rent too.

2. Location.
Since it's located on the same road as KTM, Aeon Big, Subang Parade

and Empire, it's pretty much self contained and you need not battle

with the inner Subang Jaya traffic jam.
MRT is under construction and will pass next to Subang Parade and

Empire. Well within walking distance for the able.
Entry and exit is a bit weird though but one gets used to it somehow.

3. Security.
Security has been upgraded and access cards to elevators will soon be

implemented. Visitors have to register and given a visitor's car

sticker, otherwise cars will be clamped. 24 hour security guards. CCTV

on the lower parking levels will be operational.

4. Units.
Most of the units have floor to ceiling windows which gives us a

feeling of spaciousness and the ceilings are quite high. My unit faces

the Federal Highway and KTM runs directly beneath, but as I'm on mid

level the traffic noise is like a distant buzz. My balcony door is

contstantly open except late at night. We used to live in a very quiet

and residential area in old PJ.
Water pressure is very good. Make sure you check for bathroom leakage,

I had mine rectified before moving in by the developer.

5. Management and the residents committee.
Kudos to the above as a lot of issues are and have been addressed.

To sum it all up, we didn't regret our decision to move here. biggrin.gif
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When the repainting will take place?
CMW123
post Jun 15 2014, 08:05 AM

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QUOTE(1ullaby @ Apr 28 2014, 10:15 AM)
Saw new paint works. Looks good!

If anyone looking for bargains in Subang, can consider here. Need to speed some for the unit itself as really bad job, but value wise its there
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Really bad job means the workmanship? How bad?
CMW123
post Jul 5 2014, 08:11 AM

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Happy to see salted fish turning alive rclxms.gif

 

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