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Investment PAN'GAEA - PARAGON | SOLSTICE | ECLIPSE [OT], The Cyberjaya city centre living by OSK

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seanwong84
post Apr 23 2012, 01:27 PM

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Went to the showroom last Sunday and a few questions raised if someone from OSK can answer...

1. There was no building/unit build specification when I requested it.
2. There was no layour plan for certain units. For example unit #SA-18-07


Call me silly but I placed a booking anyway signing on the dotted line stating that I have seen all these documentations even though I have not. Its only a booking so I'll see everything once I get the S&P and get a full refund if I don't agree to the specs.

On another note, the agent also kinda misled me... she said the SP Setia Eco Villa was right next door across the road south-side, when it is actually a few kilometers north-ward! Minor lapse in detail, but it does show the professionalism OSK agents are.

Keeping my fingers crossed!
seanwong84
post Apr 23 2012, 02:00 PM

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QUOTE(twincharger07 @ Apr 23 2012, 01:46 PM)
What unit u bought and what is your game plan for cyberjaya?
I have seen so many development around here, mostly gonna VP in 2 years time..

why not put in your money in pocket development in matured area? price and offering wont be much different right?
putting a commercial are right at the end of an area pretty reminds me of Citra Mall and NZX..

I am just curious, please giv your insight about cyberjaya..
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Hi twincharger07,

I think you may have answered your own question. With so many developments in the area, I think it raises a certain hype that Cyberjaya is finally taking-off and maturing and hence property prices should appreciate. There are quite a few reputable MNCs in the area so it does attract a more professional tenant base (I intend to rent out) so less fuss with tenants not paying-up, running away, ruining the unit, etc.

I like the more managed masterplan of Cyberjaya vs matured areas. With pocket developments, I foresee traffic woes that may just kill the buzz of that the area because no one wants to be anywhere near there. Example, SSTwo Mall, KL Sentral. I think it yields better returns in the longer term too. Proximity to KLIA is a plus too. With more developments, KL city will decentralize as companies shift to Cyberjaya and lets face it, KL will probably serve as support offices to many regional headquarters in Singapore. Business travellers and top-rank managers in Sg will only want to take day trips to KL for their meetings, so proximity to KLIA is a plus if offices are situated near, that is, Cyberjaya!

Feel free to comment and give me your own thoughts. I'm quite new to KL property investment myself.

Sean
seanwong84
post Apr 23 2012, 03:21 PM

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Keeping relevant to the forum topic, has anyone else been to the Paragon@Pan'gaea showroom?

Anyone else have insight to the development?
seanwong84
post Aug 16 2014, 10:09 AM

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This topic may have been covered but here goes:
I was looking at the S&P and noticed that the Paragon units only mentions that it can be used as office space. I was under the impression that Paragon is SOFO which can be used as residential and the design to include swimming pool and gym facilities gave me a further impression that it is residential.

Well, I signed the S&P and paid up already so I guess my question is: Does everyone that have bought Paragon SOFO going to use their units truly for commercial and office space?

This whole SOFO thing is quite a new term to the market eh? And I heard SOVO (V being versatile) is the same concept.
seanwong84
post Oct 28 2014, 04:36 PM

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QUOTE(freetransgressor @ Sep 25 2014, 09:45 AM)
I understand the lament here in this forum about how a reputable developer become so greedy trying to maximise their profits by building more apartments making the whole plan looked so dense and competitive to existing investors. But really you all need to write in to developer to add more pressure to answer our concerns. Otherwise, what's the point of complaining here? Have you all write in to demand an answer?

The more emails from individual buyers sent to them, the more pressure for them to address this. The buyers group formation is a good idea but before this is concrete, you all can act as an individual to write in to OSKP Sales & Marketing Manager, Mr Lim Kian Hock at kianhock.lim@oskp.com.my. Another name you can reach is his Assistant General Manager, Mr Chee Kok Keong.

If you need help on the letter or email content, I may draft a standard one. They should be worried if our angst  become public and consumer tribunal, media or lawyers are involved.
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I have sent an email as directed, without prejudice. Hopefully they will respond if they are responsible enough.

 

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