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Investment G Residence / Gembira Residen Condominium, New Properties for sale

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kira.ryuk
post Oct 1 2012, 10:40 AM

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notworthy.gif

This post has been edited by kira.ryuk: Nov 4 2012, 10:25 AM
kira.ryuk
post Nov 4 2012, 10:23 AM

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QUOTE(twincharger07 @ Nov 4 2012, 12:15 AM)
If the current subsale asking price in Iprop ~470psft hold true, it is still quite reasonable to buy since it is surrounded by much higher priced props like Seringin and Le Yuan..

Happy Garden, OUG, OKR, Taman Yarl enclave still have great potential for many years to come..
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yes...i agree with that..even though subsales reaching 470-500psf....but it is still a good buy at the moment...as the nearby new condos still under construction and will be completed in 2014... which mean Gembira residen does not have any big competition within this period of time as it will be completed in early of 2013....one thing to look forward is how good will Seri Gembira Avenue perform...if let say...it really become like scott garden or sunway giza...the psf will for sure go up again...but the sad thing is this area will bocme people mountain people sea......
kira.ryuk
post Nov 6 2012, 10:03 PM

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QUOTE(RyAn5869 @ Nov 6 2012, 10:22 PM)
An agent called me today..
Quoting me RM615K..god damn him..

Mine, Mid floor 1488sf...

Btw, owners...wat price psf u guys looking at..?
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Lol..... shakehead.gif first time become agent...dunno market price...already approx. >500psf already
kira.ryuk
post Nov 7 2012, 07:27 AM

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The surrrounding under construction condos dy selling more than 500psf. So far, buyers would still prefer gembira residen more than others..for sure there is a demand....for now....the only matter is the holding power of the owners...so far, still not many subsales available for sales....which mean I can see that still many owners waiting for a higher psf only they willing to let go their unit...unless they need cash urgently...

This post has been edited by kira.ryuk: Nov 7 2012, 07:29 AM
kira.ryuk
post Nov 7 2012, 08:56 AM

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QUOTE(natman @ Nov 7 2012, 09:28 AM)
developer still has some units why need to buy from subsales ?
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The remaining developer units are facing car park or bad facing...low levels (1-3)...no right or wrong answer for your question....different people different preference actually, some dun mind bad facing n low floor...but some yes....so it is depend on how you see it from your pov...
kira.ryuk
post Nov 7 2012, 12:36 PM

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I really like the view from gembira residen....is like above all the adjacent landed residences...somemore....the new projects such as the arte, palace court....they wont obstruct the view of gembira residen towards klcc, kl tower...or tm tower....lol....really located at the highest ground for that area
kira.ryuk
post Nov 7 2012, 09:58 PM

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QUOTE(natman @ Nov 7 2012, 10:22 PM)
Thanks did not check in details but only know theres some left. Got a friend wanted to sell mid floor 600k+ i think, not really paying attention on it. For investment at this area 600k i think its a little bit tough unless own stay it should be a good place.
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I think 600k shud be 1168 sf.....which mean he plans to sell at >500psf...that's the market price right now.
Yes, for investment, it is not so ideal anymore...but for own stay...this price is still absolutely a good price for that prime location...If really for investment....this will be considered as a long term investment more compare to short term.... smile.gif
kira.ryuk
post Nov 7 2012, 11:02 PM

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highly demanding.... rclxms.gif
kira.ryuk
post Nov 7 2012, 11:11 PM

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Based on what I can see right now, the holding power of the owners from Gembira residen are quite strong...not sure whether they are waiting for sales after cf or hold it even for longer time or most only for own stay......even my friend would like to get a subsales unit from Gembira residen also not much choices...only few units to choose from..... blink.gif

This post has been edited by kira.ryuk: Nov 7 2012, 11:12 PM
kira.ryuk
post Nov 8 2012, 12:35 PM

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QUOTE(natman @ Nov 8 2012, 09:12 AM)
AGREEEEEE ! the single storey below is 400+ lor. Just check the size is 1200+ asking for 650k WOW !
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Landed different story leh....of course landed is higher price...cant compare orange with apple ma....huhu... biggrin.gif
kira.ryuk
post Nov 8 2012, 10:01 PM

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QUOTE(RyAn5869 @ Nov 8 2012, 05:40 PM)
Got size 1200++ meh?
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60x20?
kira.ryuk
post Nov 10 2012, 10:18 AM

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I think he means le yuan...he would like to know the condo next to shc...but 380psf is no longer valid for today's market at that location....

This post has been edited by kira.ryuk: Nov 10 2012, 10:19 AM
kira.ryuk
post Nov 30 2012, 06:40 PM

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QUOTE(jumbogem @ Nov 30 2012, 06:03 PM)
banks max valuation for type 1168 sqft only until 500k,
But most of the seller letting go their unit at 540k for low cost apartment view and some even at 600k.

unless you like this place so much or you are rich enough to forge up 100k cash,
else with 100k cash in hand ,there are hell more varieties for you to choice your dream house.

the choice is in your hand, worth it or not is quite subjective.
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Which bank offered max 500k valuation for 1168sf??
My fren got ocbc valuation for 1578sf....market > 750k.....90% loan approved....different bank different valuation....
shocking.gif
kira.ryuk
post Nov 30 2012, 07:37 PM

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QUOTE(AMINT @ Nov 30 2012, 08:14 PM)
all about this development are ok except for 2 things: leasehold and kinda stupid name for a place
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R u sure is leasehold???!!! It is freehold bro.....
kira.ryuk
post Dec 1 2012, 12:23 AM

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QUOTE(jumbogem @ Dec 1 2012, 12:43 AM)
R u sure about this?

all transaction will only be carried out when the owner take the CF
currently,the bank will only able to valuate the unit price according to the most expensive unit from the developer price.
so it means that there will be zero transaction for subsale,
until the day the owner get CF, the bank only will carry out for loan procedure, money transaction and so on,
which is to be estimated around march 2013.else what you do now are just for only 'booking' purpose.

Would u mind to tell me who is banker and which valuation firm can get such valuation?
as i did called OCBC for bank valuation as well for unit 1168sqft.
perhaps you are having larger unit and different floor,so the story might be different.

to be frank to you, i have already survey from all the local and over sea banks, all of them telling the same things.
they offer rm500/sf.
the price is there but no valuation from bank and you cant get 90% loan.
so if rm500/sf, 1168 sqft = rm580k++
and bank valuation rm500k.

SO,
your initial fund RM80k+ 10%dp + stamp duty + ding dong ding dong = at least 150k.
so you think ppl willing to pay for that amount for a unit which is totally over priced?
ya they will,if they think it worth it,
just if.

and IF,
you are really interested to give it a try by paying 2% dp which is rm11.6k,
remember to add in a clause 'refundable 2% deposits' in your booking agreement,
else be prepared your dp will be 100% forfeited if you meet an in-honest agent or banker.

to be honest ,the owner personal details list actually being leaked out by the developer to agents.
so, many agents called a same owner by giving them a wrong perception thinking that their units have so many buyers.

if you have the cash in hand,  better go for others newly develop or under construction project with better price and location.
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Yes...it is fact....ocbc offer letter has been signed....is 1578sf high floor....yup...transaction only can be made upon cf...it is subsale.... icon_rolleyes.gif




Added on December 1, 2012, 12:29 am
QUOTE(twincharger07 @ Dec 1 2012, 12:53 AM)
this is one of the very good condo in happy garden.. owners are laughing to the bank because seringin, leyuan and other condos that push up the value of this area..

pretty bullish around oug area... BJ and WCT 57-acre development will definitely boost up this place...
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Yup...agree with that!! For sure will up up up again when all the surrounding condos n seri gembira avenue completed..somemore the holding powet for most of the gembira owners seem to be quite strong.....just my 2 cents.... rolleyes.gif

This post has been edited by kira.ryuk: Dec 1 2012, 12:55 AM
kira.ryuk
post Jan 14 2013, 09:44 PM

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QUOTE(twincharger07 @ Jan 14 2013, 08:42 PM)
u will b amazed tat expats r living around tmn desa n danau,,, oug is just next door,, la salle school is so close,,,

bukit jalil is going mord than 2k rent now,,
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I tot la salle school is secondary chinese school? Pls correct me if i were wrong...the possibilty for the expats to come in to tat area will need some times...as the old klang road surrounding is keep on upgrading...
kira.ryuk
post Jan 14 2013, 10:11 PM

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QUOTE(twincharger07 @ Jan 14 2013, 10:59 PM)
they are already in taman desa...
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Yup...i also aware about that as some of the time i m also living there... ;-)
kira.ryuk
post Jan 15 2013, 07:35 AM

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Yup....which mean the gembira residen owners must be very selective in choosing their tenants...if some of the owners just rent out for the sake of renting out their unit...this would be a catastrophic...
kira.ryuk
post Jan 16 2013, 06:21 PM

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http://forum.lowyat.net/topic/2653762

The above link was the link i found from lowyat.....just for the klcc or tm tower viewing reference from block a
kira.ryuk
post Jan 16 2013, 07:37 PM

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700k? Which size n which level from the offer the person called you?

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