QUOTE(twins9 @ Feb 11 2012, 09:21 PM)
Matthew, I read you are fed up with paying maintenance. I know Lyden has perimeter fencing and a guard house but no guards. So, if all owners decide against paying, there would be no guards at all right?
Do you think the houses will appreciate to more than a million without security? Just asking as I was interested in 16 Sierra too, but that time was about RM500k only.
When you sign up to purchase, all purchasers are made to sign this document stating that you it is mandatory for every unit to pay a certain fee which is to be decided upon by the committee for the services of guards. With that document, it is a legal obligation that the owner or tenant pays his/her share. Let me see tonight if I can find out what is the title of the document. How much of course will be determined later when we determine which security services are engaged. Yes, if all owners decide against paying, then there will be no guards though I think that is quite unlikely. Even cheaper residential areas are doing so. I hope Lyden purchasers are not that stingy lol
I am paying over RM200+ and I heard it will go up further this year. I would say at Lyden, the rate probably would not be that high. Of course the convenience of not carrying a load of stuff up and down a condo is a factor as well.
Their earlier double storey house project which I recall sold for RM448,900, I called one of the agents up, they are asking for RM700k+ sub sale recently. And I noticed they already have guards now that residents have moved in. Not too sure whether the guards are from IOI or not. But I was told we can use their existing guard services or choose our own security firm. Can't remember if I heard it correctly or not.
As for appreciation, honestly, I really don't know. Even for myself who has been working for a developer for the past 9 years, I can't tell. Analyst keeps saying prices will go up a further 10-15% this year. But how sustainable that is, that remains to be seen. All I know is, our upcoming project would be in the region of under RM750k, and the built up isn't as large as Lyden's 22x75. The only plus point to ours is it's freehold and our price in comparison to other developers. That's why it sell.
That news just means bad news for end users like us who wants to buy landed properties without being too far from our ideal location.
Added on February 14, 2012, 9:25 amQUOTE(Felice821 @ Feb 11 2012, 10:03 PM)
Lyden comes with guardhouse and guards ... with home alarm system integrated to guardhouse. ..
I was told otherwise. Home alarm is stand alone. Not linked to guard house. It comes with guardhouse, but the guards are not provided free. The owners will have to pay for it, be it by using IOI services or by engaging our own security firm.
Added on February 14, 2012, 9:30 amQUOTE(nkhong @ Feb 11 2012, 02:28 PM)
It definately not overprice in future, but future, 2 years later, 5 years later or 10 years later? To me 22x75 in this location is definately overprice for now and even the next 2 years. Eventhough they provide good material and quality finishing to the house. To me this definately overprice, at least now and next two years. I am not sure this project got dibs or not but if no dibs probably the cost will be at least 800k, this price better go for other better choice ... U like the area and for own stay yes. But investment, ehhem ... Can sell 1m later?
Well, as for me I bought it not for investment but as a home. Overpriced? Yes when compared to 1-2 years back. If you ask me, all properties are overpriced now coz every developer is following the trend. If it's for investment, indeed, look elsewhere.
This post has been edited by matthewctj: Feb 14 2012, 09:30 AM