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

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Scott007
post Dec 14 2011, 06:47 PM

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This is very far and i personally think that the pricing of RM400K is very expensive as i can get something similar in Sungai Buloh which is also an up and coming area thanks to the MRT projects.

What i worry most for this M Residence @ Rawang is that it may take a long time for the area to mature and obviously lacks amenities such as school, etc. So it may not be suitable for young families with kids. I wonder how are those people going to commute to office in KL as it took me 40 mins to reach KLCC from my place in Segambut (although the distance is less than 20 km).

Scott007
post Dec 16 2011, 03:15 PM

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Been to sales office around 2.30pm. Units taken up very fast. Overall about 80% sold. I still think it is expensive as far from KL...
Scott007
post Dec 16 2011, 09:01 PM

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QUOTE(M2K2Land @ Dec 16 2011, 05:05 PM)
Others than 7% discount, is there any free? MOT? SPA and Loan Legal fees? DIBS?
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The sales people said free MOT, Free SPA but no DIBS and no loan legal fees....
Scott007
post Dec 18 2011, 04:01 PM

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QUOTE(poorchinaman @ Dec 16 2011, 10:20 PM)
went to the sales office at 3pm, almost 70% gone... followed by site visit, nothing's impressive, planted with palm oil trees, the land is not even cleared yet... almost lost my way until I called up MS to check out where's the actual site... it's immediately on your right when u turn into tasik puteri from the main road...

MS is expanding too aggressively these 2-3 years... most of their projects will be opened for PREVIEW prior to the obtain of AP/DL, buyers need to lock their money there for significant period... those lucky 1, yes, u can sign the SPA in a few months time... but Garden Plaza took > 1 year to obtain AP/DL after the so called PREVIEW...

look back at their completed projects so far, u can count by 5 fingers smile.gif the rest are all under con and some of them without AP/DL... small piece of land here & there, then MS projects, eg. Bayu Segamat in Kajang, very niche development and out skirt...

with the tightening of Central Bank of M'sia in lending starts from 1/1/2012 (loans approval based on net income only), the sub sale market looks challenging in future... lots of completed units will be available from next year onwards, can the market really digest so many sub sales??? with PR1MA, other big boys project in undeveloped areas, eg. Semenyih, etc, the sub sale market may appear to be tough...

those who think of betting with a few thousand bucks of hard earned money, think twice... u still have plenty of choices, rather be safe than sorry...

just my 2 cents...
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Yes i agree with poorchinaman. I wouldn't bet on this project...

 

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