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 Mah Sing Group to launch new M Residence@Rawang, from the star

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kelvin667
post Dec 25 2011, 12:34 AM

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i really want to see how much market can absorb with this high price
pray that there no crisis, else many ppl can jump from their 2nd flr

else

those overcome will be laughing to the bank

528k for a link house in rawang at 2011 is speculation...is rawang!!
after completion add 20% - sell 650k, selling higher than cheras...
jet2020
post Dec 25 2011, 08:36 AM

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I am not surprised Anggun is prized higher due to G&G, better location and Rawang address (not Kundang as it sounds a bit like Kandang to me).

if die die want to invest in Rawang, M Residence defo is my last pick as compared with Anggun, Emerald West, BCH and future Tan & Tan's project.
ace77
post Dec 25 2011, 10:56 AM

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QUOTE(jet2020 @ Dec 25 2011, 08:36 AM)
I am not surprised Anggun is prized higher due to G&G, better location and Rawang address (not Kundang as it sounds a bit like Kandang to me).

if die die want to invest in Rawang, M Residence defo is my last pick as compared with Anggun, Emerald West, BCH and future Tan & Tan's project.
*
I remember people condemn kau kau on Emerald. But now everthg change as the development coming this part. The situation will improve as it is no much choice else. However for M Residence, it maybe rank as ur opinion, who knows next porject or road aligning might change the entire landscape.
Jenn77
post Dec 26 2011, 12:28 AM

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QUOTE(ace77 @ Dec 25 2011, 10:56 AM)
I remember people condemn kau kau on Emerald. But now everthg change as the development coming this part. The situation will improve as it is no much choice else. However for M Residence, it maybe rank as ur opinion, who knows next porject or road aligning might change the entire landscape.
*
I smell something from Mah Sing.. they know something good will happen in this area pretty soon. Being a well known developer they wont simply invest and wait for it to fail rite? Anyway for those who bought a unit, congratz.. nod.gif
katesamsung
post Dec 26 2011, 08:49 AM

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I just heard from my fren who do survey on this developement that there are a muslim cementary..near by the development.......anyone can confirm this...?....
CiciLoo
post Dec 27 2011, 01:41 PM

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Hi, I bought an unit too. Thinking this might be a good investment though since the take up rate is surprisingly high. Anybody know which bank offer the best rate with no lock-in period for this project? Or any bankers can contact me. Tq. Btw, Anyone took the photo of the take up rate? It would be good to upload here. Thanks
PhantomLance
post Dec 27 2011, 09:34 PM

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QUOTE(CiciLoo @ Dec 27 2011, 01:41 PM)
Hi, I bought an unit too. Thinking this might be a good investment though since the take up rate is surprisingly high. Anybody know which bank offer the best rate with no lock-in period for this project? Or any bankers can contact me. Tq. Btw, Anyone took the photo of the take up rate? It would be good to upload here. Thanks
*
user posted image
goodexport21
post Dec 27 2011, 10:22 PM

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nice . for these project, It is needed to choose the best windows and doors and other material . so contact me .
ongks23
post Dec 30 2011, 10:50 AM

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Any one know how the reaction after phase 2 launched ?

katijar
post Dec 30 2011, 11:13 AM

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QUOTE(kelvin667 @ Dec 25 2011, 12:34 AM)
i really want to see how much market can absorb with this high price
pray that there no crisis, else many ppl can jump from their 2nd flr

else

those overcome will be laughing to the bank

528k for a link house in rawang at 2011 is speculation...is rawang!!
after completion add 20% - sell 650k, selling higher than cheras...
*
if rawang sell for 650k, how much is PJ landed? 999k?
JustNobody
post Dec 30 2011, 11:31 AM

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QUOTE(katijar @ Dec 30 2011, 11:13 AM)
if rawang sell for 650k, how much is PJ landed?  999k?
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Yes, please prepare yourself for 2 sty landed to reach minimum 1 mil mark for it at KV.. rclxms.gif
karma888
post Dec 30 2011, 12:27 PM

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QUOTE(katijar @ Dec 30 2011, 11:13 AM)
if rawang sell for 650k, how much is PJ landed?  999k?
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it may reach an equlibrium point.... in fact some part is already hitting 1 million mark.

So, still wait to buy property?????????
JustNobody
post Dec 30 2011, 12:35 PM

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Just come across a news in The Edge.. Kajang house latest launched also selling around 638K for 2500 sq feet build up 2sty landed... Great..

This post has been edited by JustNobody: Dec 30 2011, 12:36 PM
katijar
post Dec 30 2011, 01:35 PM

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QUOTE(karma888 @ Dec 30 2011, 12:27 PM)
it may reach an equlibrium point.... in fact some part is already hitting 1 million mark.

So, still wait to buy property?????????
*
Not waiting. already stop buying.


Added on December 30, 2011, 1:36 pm
QUOTE(JustNobody @ Dec 30 2011, 12:35 PM)
Just come across a news in The Edge.. Kajang house latest launched also selling around 638K for 2500 sq feet build up 2sty landed... Great..
*
so wealth gap grows btw the houseless and houseful... the houseless will rage... all become angry birds

This post has been edited by katijar: Dec 30 2011, 01:36 PM
kelvin667
post Dec 30 2011, 01:44 PM

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QUOTE(JustNobody @ Dec 30 2011, 12:35 PM)
Just come across a news in The Edge.. Kajang house latest launched also selling around 638K for 2500 sq feet build up 2sty landed... Great..
*
if this continue, and if crisis happen,

we shall see the situation where hong kong 1997, where your loan is more than your house value
Even your hse being auctioneed by bank, you also owed bank money.
Now, it is still manageable as bn control and tightening, else if rawang link house start to have subsale at 800k-1mil
then i foresee many who get VSS or business fail during sudden bad times will kena kau kau

But, this situation only apply for those highly gear and have no holding power + IF crisis come in this 2 years

else it is a safe play

scng
post Dec 30 2011, 10:54 PM

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QUOTE(kelvin667 @ Dec 30 2011, 01:44 PM)
if this continue, and if crisis happen,

we shall see the situation where hong kong 1997, where your loan is more than your house value
Even your hse being auctioneed by bank, you also owed bank money.
Now, it is still manageable as bn control and tightening, else if rawang link house start to have subsale at 800k-1mil
then i foresee many who get VSS or business fail during sudden bad times will kena kau kau

But, this situation only apply for those highly gear and have no holding power + IF crisis come in this 2 years

else it is a safe play

*
This indeed happened in Malaysia too back in 1997. Back then where those that do not have holding power, they just sell the house where the buyer do not have to foot any money and they just need to continue serve the remaining loan only. All the buyer need to do is just sign the S&P.

Not sure if such thing will repeat where now Europe is having bad debt crisis and US is having the possibility of slipping back into recession.

Next year many houses will be ready. If at that time market do not have enough buyer....God bless those property speculator..
Chris Chew
post Dec 30 2011, 11:22 PM

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QUOTE(jet2020 @ Dec 25 2011, 08:36 AM)
I am not surprised Anggun is prized higher due to G&G, better location and Rawang address (not Kundang as it sounds a bit like Kandang to me).

if die die want to invest in Rawang, M Residence defo is my last pick as compared with Anggun, Emerald West, BCH and future Tan & Tan's project.
*
Agree. My first pick would Emerald West.
poorchinaman
post Dec 31 2011, 12:42 AM

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BN responsible lending guidelines to be effective from 1/1/2012 onwards... Good luck to all MS speculators, loan approval based on net income only...
spydermind
post Dec 31 2011, 08:41 AM

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it definitely not a good sign when house price in Kajang and Rawang already selling at those prices. But again, it really depends on the situation and the local demand. there will be certain demand for certain type of house within certain area (G&G, new facade, facilities, etc)

This is a revolution of modernization in which new housing property takes into consideration to enhance or to provide certain thing required by the people at that location.

I dont want to use this example, but again, this example is a very logical and reasonable showcase....DPC....when DPC was launched years ago, this was at least 30% more expensive than the neighbour houses. I have friend who own a couple of houses in Manjalara and Kepong, claimed that both his house freehold and leasehold (about 24x80, 22x90) was about 320 and 285k respectively...while project like safa in DPC was launched at 400k+ for a 22x75....many dont understand why people buy there....it sort of like you can get 2 for the price of 1 or so.....despite the place being nicer or more modern......I am not trying to claim that everywhere it would be like this case...but ultimately, whether we like it or not, there will be a certain group of people who are looking for something refreshing, something new or something more comfortable, etc.

Of course when the price keeps shooting up....then you may more and more options from project to location
SUSUFO-ET
post Dec 31 2011, 10:32 AM

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QUOTE(spydermind @ Dec 31 2011, 08:41 AM)
it definitely not a good sign when house price in Kajang and Rawang already selling at those prices. But again, it really depends on the situation and the local demand. there will be certain demand for certain type of house within certain area (G&G, new facade, facilities, etc)

This is a revolution of modernization in which new housing property takes into consideration to enhance or to provide certain thing required by the people at that location.

I dont want to use this example, but again, this example is a very logical and reasonable showcase....DPC....when DPC was launched years ago, this was at least 30% more expensive than the neighbour houses. I have friend who own a couple of houses in Manjalara and Kepong, claimed that both his house freehold and leasehold (about 24x80, 22x90) was about 320 and 285k respectively...while project like safa in DPC was launched at 400k+ for a 22x75....many dont understand why people buy there....it sort of like you can get 2 for the price of 1 or so.....despite the place being nicer or more modern......I am not trying to claim that everywhere it would be like this case...but ultimately, whether we like it or not, there will be a certain group of people who are looking for something refreshing, something new or something more comfortable, etc.

Of course when the price keeps shooting up....then you may more and more options from project to location
*
Precisely..
IMO, DPC is a classic blue ocean marketing strategy which was successfully carried out by SLG, buyers' buying behavior hv changed tremendously in the past 10 yrs

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