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 Subang Olives, Is this condo good for investment?

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KRC
post Jul 4 2014, 11:42 AM

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QUOTE(CMW123 @ Jun 15 2014, 08:05 AM)
Really bad job means the workmanship? How bad?
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Suggest to go and have a look inside the unit before drawing conclusion. We have just purchased a unit there and the workmanship is nothing to complain about. Walls all even and straight, edges are smooth and clean, finishing also quite premium. 11' high spacious ceiling. Corridors and lobby outside unit spacious with plenty of natural light. Cleaners sweep mopped on few times we were there. Layout of space functional and squarish. We are old school prefer squares.

I have personally condemned this building from day one of completion...too ugly too cheap flat look from outside. Even the new repainting hardly a saving grace in my opinion. But I was blown away by the expansive and generous space the moment I exit the lift. I counted 3 lifts serving my side of the block already.

And we were told by the bank that our loan is the 3rd they have processed on Olives recent couple of weeks. I won't say much about how the overall building and facilities look like...still fugly I supposed. But we understand that a new JMB just taken over so we are seeing a lot of potential and possibilities for this residency.

This post has been edited by KRC: Jul 4 2014, 11:47 AM
KRC
post Jul 4 2014, 11:46 AM

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QUOTE(silverwave @ Jun 15 2014, 01:20 AM)
Hello, for those who are already staying in, how's the occupancy at the moment?
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According to our agent, 60% occupied. And personally kepoh checking out how others beautify the entrance to their unit and pleasant to find out so far those staying there are owners and families.
KRC
post Jul 5 2014, 07:42 AM

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QUOTE(silverwave @ Jul 4 2014, 11:43 PM)
I went to see a unit last week with the agent and according to the guards, around 70% are already occupied.

I was exactly like you, condemning this place from last time but after looking at the amount of space, i'm having second thoughts. A lot of upgrading work are taking place too.
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If it's any help to you, we had taken into consideration saujana, parkhomes (the low rise one). Tropicana Metropark was also considered coz near to where we stay. We were put off by the price vs space. At the equivalent price, we can get almost double the space. We appreciate space...old school. High dense, pigeonholes big put off. Olives was a very reluctant view, not even in the list. We are Subang Jayans. Well aware of its history and it sticks out like a bleeding sore thumb...for years.

Never say never.

Impressed by the gym. One of the best equipped. Mini Fitness First version. And that crazy amount of space, imagine if those can be turned into resort style landscaping. I heard the resident committee headed by an able Indian gentleman and I can foresee good things happening already.
KRC
post Jul 5 2014, 07:53 PM

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QUOTE(silverwave @ Jul 5 2014, 04:39 PM)
Same here, those were in my consideration too with Ara Damansara and Tropicana as well. The price vs the space is an issue these days. I am a Subang Jayan too and i would just pass by that area without giving a second look. Subang SOHO somehow would stand out more but Olives looks better after the new paint.

Gym looks very new to me especially the bench, i wonder whether anyone uses it?

I'll be visiting the place again tomorrow to inspect every single thing. biggrin.gif
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Yes, there was a dude using a cardio machine during my last visit. Since this is for own stay, I say, the less people buying here the better. So I don't have to fight with others to enjoy the facilities. Very meh 'infinity' pool. You should nick pick at this price point. I was advised by another agent (not the one I'm buying from), price is dead fixed for developer unit but if you are buying sub, squeeze til last drop from private owner. Do update if you did get a unit. I decided to buy mine on the spot by the time I finished viewing. Best of luck!!
KRC
post Jul 5 2014, 09:16 PM

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QUOTE(silverwave @ Jul 5 2014, 08:08 PM)
In average, close to 1500sq is going for around RM750k.
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I viewed 2 units. A 1474sq, decently fully furnished, ready to rent out, on 5th flr asking for 700k. Not sure how true is the rental as mentioned by agent but it sure is tempting. I only have enough $$ for a unit. Gist is, don't pay more than necessary.
KRC
post Jul 5 2014, 10:41 PM

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QUOTE(silverwave @ Jul 5 2014, 09:34 PM)
When did you see this unit? Let's discuss further by PM.  smile.gif
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I'm newbie here. Not sure how to use PM.

Just go and have a look over tomorrow. Nick pick on everything and bully the agent. Most, if not all the agents are just plain unscrupulous and greedy and over inflate the price. Keep a cool head and an open heart.

Not sure whether that unit still available and if yes whether owner wise-up (prompted by agent) to increase price. Can't remember whether it's on 5th or 6th flr but confirmed lower flr. And it's facing Federal Highway. Not sure about the direction.

Bottomline is, DON'T pay more than necessary.

 

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