??????????

This post has been edited by ecin: May 14 2012, 11:20 PM

Hi, I have bought a unit of Soho 565sf... May I know which bank is offering the best rate? What about the lawyer fees for loan agreement? Do you guys manage to get a cheaper lawyer fees?

in my pov, the built up area really doesnt appeal to a lot of people. but there's a lot of development is happening in nearby area plus the easy access to KL road. but since the tenure is freehold, i think someone who has a little bit of cash can consider investing here

i've been living nearby for 15 yrs, i think this place has potential just my point of view

This post has been edited by souliedude: Jun 9 2012, 11:17 PM

Hi Joan. Im thinking in btw ALB, HLB or MBB. All are manage to offer -2.4. For the lawyer fees, i have no clue at all. most probably will use the bank lawyer?

Hi Joan, mind to share whats make up ur mind to venture a Soho unit for this central residence? As the bu considerably small..

Hi Thruster,

Yea. No doubt the unit is small, but I kinda like the 2 rooms concept for just 565sf! Even the leaf with 700+ sf but the design only with 1 room. I am quite impress after viewing the show room in their office. The design is the Hong Kee concept.. Although is small, but with the high ceiling, u won't feel the unit is small and compact.

Secondly, the access and the location is very convenient especially with the shuttle bus services provided to the residents.

Just my 2 cents..

---

Added on June 17, 2012, 8:53 amI just got called from ALB, they said the bank have cap the loan to RM645/sf compare to the selling price regardless which floor. I have to fork up RM35k for the unit that I choose... Hence, ALB is totally out of my mind now!

Will try to apply MBB, CIMB, and UOB.. Hopefully they can offer BLR-2.4 as well!

Which type you are buying? Soho or service apartment?

This post has been edited by Joan CLC: Jun 17 2012, 08:53 AM

Hei guys

Try UOB Bank.
Their OKR Business Branch may help you get a loan you wanted.
My loan already approved under UOB Bank.
Gd Rates too.


Cheers
Jeff

I got the SOHO unit with 731 sq ft. If that is the case then ALB may be the bad choice for u or u may try others like HLB oso.

565 sf with 2 rooms ? wonder how big the room will be

Ok. Thanks for the info.

still saw a booth at mutiara damansara selling this central residency, still not yet fully sold?

Central Residence Soho or Central Residence Courts for sale. ? You saw at mutiara Damansara?

Hi All,

I am newbie here. Hope can learn from all the sifu & master around. I have bought a 731 sqft at level6 facing swimming pool. I have signed my bank offer letter earlier before I signed my snp last week.


Hi Citydude,

I guess they are still selling the Central Residence Soho. According to their SA last 2 weeks, they have bulk (around 80 units) which were released out again due to loan rejected. But now, less than 10 units left. I am quite impressive with this developer (Yuk Tung Land/ HR Group) because they have sold quite some units to foreigner (according to the SA). Their Central Residence Courts for the first months sales is 30% sold. I feel that their SA are genuine in the sense that they are honest and telling the truth. Not like some SA from other projects claim that their units are almost sold out and push you to grab one before sold out. I think this project is the slowest in term of sales compare to the condo around Kuchai lama/Old klang road which are BBB mode either sold out/ or almost sold out as they claim....

Hi there.

Yes, i agree with you. I also find the Sales People for this project using tact and honest to tell us, buyers.
They help me to choose the better units, or accordingly to my budget.
They also told me that the Residence Units will be selling soon, instead of hiding this fact.
But, a SOHO Licence is different from residence. Residence cannot operate as a business unit, or small business/plus stay.
I saw the SOHO units at Plaza Mont Kiara, and their 2 rooms units are just nice. Simple and business people can use one room ass boss room and the other room as meeting room, and the other staff ( around 5 can still sit with desk) inside the office.

That is why, i accept the 731sq ft concept. Just good enough for small, simple users. Companies having less than 8 staff can comfortably use the office and yet, work around in a very nice conducive office, with pools, and surroundings greens is the new way to go to work.

We Malaysians in KL are so used to large big offices as office use, and never think, in 5yrs or 8 years, when most younger capable people use simple Broadband offices to do their work, instead of rushing and traveling distance to show face at 9am!

So, yes. I think, being FREEHOLD this Central Residence is indeed good enough.
Yes, everywhere, i go, other projects, their sales people are kinda very arrogant. The SALES Person for Central Residence were polite, helpful and provide info as well as he can.

Hi Citydude,

Me too. I kinda like the SOHO concept. My current office is at Damansara Intan and the built up around 500 sqft. 4 person workings. The rental here is not cheap. >RM 2,000 ++. It is a conventional commercial office building. I am dreaming how good if my boss willing to rent a SOHO unit at Central Residence (after completion) where the staff can enjoy all the facilities especially the sky gym/sky pool. Is a win-win situation. Is like giving Fitness Membership to the staff to enjoy the facilities like gym and swimming. The staff can also be healthy and can do something to avoid the peak hours jam.

IF the office cum SOHO or Condo version, u prefer for Central Residence, its up to US. The good point is it is a SOHO Licence. U can operate a business. At the other side, the Central Residence, it is for residence staying, and SOHO address is NOT allowed.

The small negative points that many are pointing here, is the Muslim Cemetery. That is facing opposite the main Jalan Road, while driving past Central Residence on the small country road, that leads to Salak South/Sungei Besi Road Junctions, etc.

If i look at the Taman Tun Dr Ismail side, while passing that road, u also notice, Muslim Graves, and now, tall buildings and condos are next to the Muslim Graves.
Anyone saying its bad vibes? Feng Shui?
If so bad fengshui, would the Developer dare enough to sell so high price?

ummm, look at Ex Wisma MAA, now, under Zurich Insurance, etc. this Ex Wisma MAA along that road from Dewan Bahasa, is next to Chinese Cemetery, the biggest cemetery hill in KL/Sungei Besi area.

Yet, the owners flourished and made so much riches.....

Hi Citydude,

The trend has changes. Mostly buyer for the central residence are youngster. They don't mind their units are facing cemetary. There are a lot of people condemn this projects saying that facing cemetary and is used to be abandoned project. Abandon projects already bring bad luck to previous developer and now sure will bring bad luck to current developer. The fact is that 526 units of central residence soho is almost SOLD OUT. People buy the whole concept of development of this development.

I wonder if 196 hectare Bandar Malaysia @ sungai besi new and vibrant landmark reflecting the Greater Kuala Lumpur really put into construction, most of the high rise building will able to view the vast biggest chinese cemetary hill in KL/Sungei Besi. My question is , Will it drag down the price of the properties there? Will the developer lower down their selling price? Will people not buying?? I doubt the answer is 'NO'.

A cemetery view of course will definitely minus a point but people will still buy because if the whole concept of the development. That's why not everyone is rich. Only the people can see it as a gold will benefit from it. The poor will keep on complaining.

Jastan,

Good observation from you. Well, put it this way, Central Residence SOHO is FREEHOLD ! And I am sure the developer will use this development to be their KL ICON development etc rivaling the nearby Leafz etc.

I am renting out at Midfields (Taman Sungei Besi) now, and it's not freehold. UNIFI is not allowed for this condo development and no ASTRO HD on Demand !
So I cannot use my internet Samsung TV and watch HD ASTRO . really a minus point for Internet using person like me who needs cheap fast internet at work and at home.

I hope Central Residence will allow TM UNIFI services for us to use fast cheap Internet.
As SOHO Services or Condo Services MUST have fast fibre optic services like TM UNIFI etc.

This post has been edited by Citydude: Jun 26 2012, 11:09 PM

Hi All,

IMHO, I feel that the Central Residence is a good buy either for own stay or investment. I buy this Central Residence SOHO after consideration which I think is important to me beside the facilities that a condo should have.

1) The accessibility
I live in Sungai Long and I have to travel to KL (KLCC area) to send my wife to work before I go to my office (Damansara Intan). So, I need to passby the Central Residence construction site everyday. If anyone need to work around KL, I think this one of the best buy area. The reason is that you can reach KL (including Jam) between 20 to 30 minutes via Besraya Highway - Jalan Tun Razak - Jalan Ampang - KLCC (without stopping any traffic lights) during peak hours. Same goes when finished work, you need to jam a bit inside KL and is smooth all the way to your home via Besraya highway. (The Seremban/Melaka highway is very jam). I find this location is a lot better than the Leaf project opposite where you need to jam everyday going to work and going home by getting out of the traffic lights in front of the Leaf condo. If you stay in southern part of KL/Cheras, my observation is that during morning peak hours, there is a long jam along Jalan Cheras/Kajang ( from Jalan Sultan Ismail - Loke Yew - Leisure Mall - Batu 9 toll). It takes you at least 1 hour to reach KL. If you stay at Kepong/Selayang area , same goes to Jalan Kuching to reach KL (All the way jam from Kepong - Jalan Kuching – Duke highway interchange- Duta interchange - Jalan Sultan Ismail). If you stay at Damansara /PJ is also very jam to KL, the jam start near Tropicana Citymall - Phileo Damansara - Jalan Semantan - Mahameru highway - Jalan Tun Razak-KLCC). Anywhere going to/out KL is very jam during peak hours. Therefore, Central Residence is one of the choice nearer to KL if you don’t want to stay in KL.


2) Developer Credibility
Yuk Tung Lang/HR Group has been around more than 15 years and they register during the Asian financial crisis time, Feb 1997. They have gone thru few turbulence of crisis. Lately, they have been actively participate their projects in properties awards competition and manage to won a few since 2010. Their award winning projects such as The Peak and Kiara 3. Even this Central Residence manage to win 3 awards recently 2012 which surprise me (Best Apartment Malaysia, Highly Commended High-Rise Architecture Malaysia and Highly Commended Architecture Multiple Residence Malaysia). I think this developer wanted to raise their fame and credibility and to achieve a new height in future. I think Yuk Tung Land cashflow quite abundance. Actually , I have booked my units since Feb 2012 and only until last week around 18 June 2012, I signed my S&P. the developer really give ample of time to get my loan approve. They are now at piling stage and the SA told me they schedule to complete the whole development (Central Residence SOHO-526 units, Central Residence The Court – 335 units and Central Residence Central Centrina - 168 units by year 2015). They are not even selling the Central Centrina yet I dont know whether they are going to launch this 3th or 4th quarter 2012 or not) and they are now starting construction. They have another development, The Royce Residence at Jalan Yap Kwan Seng. They plan to sell it oversea due to the pricey price which mainly target foreigner. So, I will probably have the least worry that this project will be uncompleted within 3 years.

3) 2 Parking Lots
2 parking lots (in parallel) are provided for all units even the smallest unit 565 sqft. Some developers only provide 1 parking lot or even don’t provide any for smaller sqft units. Some even provide 2 parking lots in TANDEM. Tandem means = This is sometimes done with residential motor vehicle parking where two motor vehicles park nose-to-end in tandem. The first motor vehicle does not have independent access, and the second motor vehicle must move to provide access. As with attendant parking, the purpose is to maximize the number of motor vehicles that can park in a limited space. So, buyers need to check properly.


4) Green Building Index Compliant
Earlier, I am not aware that the developer is going to adhere to GBI which is an added advantage to this development. The developer has to fork out extra money to construct to GBI compliant. We as an owner has an extra point to rent out to the foreigners which are looking for a GBI compliant building instead of normal buildings.

5) Shuttle Bus Service
Even if you don’t drive or have no cars, you still can take the in house manage shuttle bus service to KLCC area, Terminal Bersepadu Selatan, etc.

6) Sky Pool/ Sky Gym/ Quadruplicate-height pocket garden
I quite like the concept of Sky Pool/ Sky Gym which only can be access by Central Residence SOHO resident only.

7) SOHO license
Allow you to operate as a small office.

8) A FREEHOLD KL Address
I have a friend who has a leasehold property still has another 30+ years before expiry. He has hard time selling the piece of property because the Bank rejected the potential buyer loan application due to the remaining years. On the other hand, he needed to pay very high premium to renew it. If there is better option, better go for freehold properties.

[quote=jastan,Jun 27 2012, 10:38 AM]
Hi All,

IMHO, I feel that the Central Residence is a good buy either for own stay or investment. I buy this Central Residence SOHO after consideration which I think is important to me beside the facilities that a condo should have.

1) The accessibility
I live in Sungai Long and I have to travel to KL (KLCC area) to send my wife to work before I go to my office (Damansara Intan). So, I need to passby the Central Residence construction site everyday. If anyone need to work around KL, I think this one of the best buy area. The reason is that you can reach KL (including Jam) between 20 to 30 minutes via Besraya Highway - Jalan Tun Razak - Jalan Ampang - KLCC (without stopping any traffic lights) during peak hours. Same goes when finished work, you need to jam a bit inside KL and is smooth all the way to your home via Besraya highway. (The Seremban/Melaka highway is very jam). I find this location is a lot better than the Leaf project opposite where you need to jam everyday going to work and going home by getting out of the traffic lights in front of the Leaf condo. If you stay in southern part of KL/Cheras, my observation is that during morning peak hours, there is a long jam along Jalan Cheras/Kajang ( from Jalan Sultan Ismail - Loke Yew - Leisure Mall - Batu 9 toll). It takes you at least 1 hour to reach KL. If you stay at Kepong/Selayang area , same goes to Jalan Kuching to reach KL (All the way jam from Kepong - Jalan Kuching – Duke highway interchange- Duta interchange - Jalan Sultan Ismail). If you stay at Damansara /PJ is also very jam to KL, the jam start near Tropicana Citymall - Phileo Damansara - Jalan Semantan - Mahameru highway - Jalan Tun Razak-KLCC). Anywhere going to/out KL is very jam during peak hours. Therefore, Central Residence is one of the choice nearer to KL if you don’t want to stay in KL.

2) Developer Credibility
Yuk Tung Lang/HR Group has been around more than 15 years and they register during the Asian financial crisis time, Feb 1997. They have gone thru few turbulence of crisis. Lately, they have been actively participate their projects in properties awards competition and manage to won a few since 2010. Their award winning projects such as The Peak and Kiara 3. Even this Central Residence manage to win 3 awards recently 2012 which surprise me (Best Apartment Malaysia, Highly Commended High-Rise Architecture Malaysia and Highly Commended Architecture Multiple Residence Malaysia). I think this developer wanted to raise their fame and credibility and to achieve a new height in future. I think Yuk Tung Land cashflow quite abundance. Actually , I have booked my units since Feb 2012 and only until last week around 18 June 2012, I signed my S&P. the developer really give ample of time to get my loan approve. They are now at piling stage and the SA told me they schedule to complete the whole development (Central Residence SOHO-526 units, Central Residence The Court – 335 units and Central Residence Central Centrina - 168 units by year 2015). They are not even selling the Central Centrina yet I dont know whether they are going to launch this 3th or 4th quarter 2012 or not) and they are now starting construction. They have another development, The Royce Residence at Jalan Yap Kwan Seng. They plan to sell it oversea due to the pricey price which mainly target foreigner. So, I will probably have the least worry that this project will be uncompleted within 3 years.


7) SOHO license
Allow you to operate as a small office.

hi. very good info regarding the traffic conditions along besraya to KL. The main reason for me to buy this its bcz of the accessibility. I m staying in cheras 9th miles too and everyday gotta face the headache of congested traffic. It will be good enuf for me if i can travel to KLCC area within 30mins during peak hours.

I did some research pertaining to the developer creditability too. One of my fren who is the area mortgage manager for one of the international bank told me this developer earned quite a good creditability among the banks.

As for the SOHO, good thing is the commercial title inherited with the property, but be remembered that it may come in with the utility bill at commercial rate, which is 30% higher than the residential one. For me, those who like to stay instead of renting out for business purpose, it may nt be a good thing. But im not sure about which rate is it as the developer also cant confirm w me on this issue. Somehow, from what i googled, one said if the SPA is covered by HDA then should be no problem to get a residential rate. Anyone can advise on this?