Hi, i just about to buy 1 unit in Venice Hill condo. Tower5. But... i heard rumours that there is soil erosions and people start selling... is it true .............. plz help...................
Venice Hill Condominium soil erosion?
Venice Hill Condominium soil erosion?
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Feb 20 2012, 05:00 PM, updated 13y ago
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#1
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14 posts Joined: Feb 2012 |
Hi, i just about to buy 1 unit in Venice Hill condo. Tower5. But... i heard rumours that there is soil erosions and people start selling... is it true .............. plz help...................
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Feb 20 2012, 05:07 PM
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#2
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3,537 posts Joined: Mar 2007 |
damn seeing that place gives me chill....lets not say about the soil,just look at the development in that area and the amount of trees were cut exposing the soil.....
then public transportation is almost nil.....quite a remote area....uphill battle to get to home.... and lots of african there.....and hv i mention monkeys? and maintenance is poor |
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Feb 20 2012, 05:07 PM
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#3
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493 posts Joined: May 2010 |
Hi i was a resident on Jalan Pertunia which is one of the 2 jalans that made a big hoo haa about 10 years back regarding the soil erosion.
The matter has been left to fizzle and only a few houses that are close to the hillside were given compensation. The rest were left hanging. Anyway u should go down to Taman Mudun (jalan pertunia and jalan lantana) and have a look at the hillside from another point of view. It looks damn scary with the condo so close to the edge. Even tho its cemented up, reinforced, for a layman like me it still looks unsafe. I sold my house and moved |
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Feb 20 2012, 05:08 PM
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#4
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325 posts Joined: Dec 2011 |
Wah...anyone is moving ler...better be carefull
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Feb 20 2012, 05:18 PM
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#5
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146 posts Joined: Dec 2011 |
When is the last erosion? D building now safe?
This post has been edited by Ansonian80: Feb 20 2012, 05:18 PM |
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Feb 20 2012, 05:44 PM
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#6
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9 posts Joined: Oct 2009 |
QUOTE(KKE @ Feb 20 2012, 05:00 PM) Hi, i just about to buy 1 unit in Venice Hill condo. Tower5. But... i heard rumours that there is soil erosions and people start selling... is it true .............. plz help................... Worried: Venice Hill Management Corporation Sdn Bhd director Philip Tan (right) pointing at the hill clearing. Blocks 4, 5, 7, and 8 stand at the edge of the hill. With Tan are other residents of Venice Hill and surrounding areas.http://savebukitgasing.wordpress.com/2010/...r-their-safety/ Imminent danger: Two Garden Villa units taking shape at the foot of the hill while in the background are four units of the Venice Hill condominiums Taman Mudun residents standing in front of the steep rock face near their houses. On top is Tower 4 of the Venice Hill Condominium. |
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Feb 20 2012, 07:06 PM
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#7
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1,371 posts Joined: Sep 2011 |
These photos are so old. ARe there no new photos? Mah Sing has completely cut down all the trees and exposed the soil for the new hill villas. I dont know if they re completed by now.
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Feb 20 2012, 10:06 PM
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#8
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9,137 posts Joined: Jun 2007 From: Wouldn't be around much, pls PM other mods. |
Still without the issue on soil, Venice hill IMO is still a very bad choice.
Look at how many auction listing there is. |
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Feb 21 2012, 01:03 AM
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#9
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458 posts Joined: Mar 2010 |
but surprisingly, the price of venice hill has increased for the past one year. hmm
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Feb 21 2012, 08:22 AM
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9,137 posts Joined: Jun 2007 From: Wouldn't be around much, pls PM other mods. |
The price might have went up due to Masterskill college thus rental investment opportunity.
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Feb 24 2012, 05:28 PM
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11 posts Joined: Oct 2006 |
Would anyone suggest me to buy low sell high as investment and for short term stay?
1500sqft+ for RM160-RM200K is really a bargain. I heard management was real bad last time but how about recently? Has it improved after new management has taken over? Any Venice Hill residents here? Please please comment. HELP! This post has been edited by HaoHao2986: Feb 24 2012, 05:29 PM |
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Feb 24 2012, 06:04 PM
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2,004 posts Joined: Mar 2011 |
It is better for you to place your $$ somewhere else... Taking risk such as this one is a gamble..
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Feb 25 2012, 01:32 AM
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11 posts Joined: Oct 2006 |
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Feb 25 2012, 06:31 AM
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2,380 posts Joined: Apr 2005 |
I used to look at Venice Hill too due to the large size and cheap price but gave up. Ystday i think i saw in news some drug making gang busted there
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Feb 25 2012, 07:33 AM
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1,039 posts Joined: Nov 2007 From: Penang Island Status: No Solidarity No Corruption |
this is jus psychology game like want to low the condominium price
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Feb 25 2012, 09:28 AM
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Hi, I was previously living at condo tower 1. My parents sold the place and moved to a landed property. I would say if you want to invest at Venice Hill, tower 1,2,7,9 and above is a better choice. The place is nice and quiet. It's quite cooling sometimes at night and in the morning. Yes, some Africans do stay there too. They look intimidating but each minding their own business is ok. I mean not all crimes are committed by foreigners. The worst will be snatch thieve whom are made up by locals. Africans normally live at block 3,4,5 and 6. Of course they are spread out. IMO if you are buying for own stay then it's ok. Buy for investment? Hmmm depends on your luck. Overall nice place to live at.
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Feb 26 2012, 01:37 AM
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QUOTE(Chester @ Feb 25 2012, 08:01 AM) I used to look at Venice Hill too due to the large size and cheap price but gave up. Ystday i think i saw in news some drug making gang busted there http://www.ntv7.com.my/7edition/local-en/P..._SYNDICATE.html Added on February 26, 2012, 1:41 amViewed a condo in Tower 8 today. Such a nice condo. Quiet environment, fresh air, breezy, very nice mountain view. Fully furnished with air-cons, water heater, built in wardrobe, kitchen cabinet, ceiling fans etc. Selling for less than RM200,000!! Heart is with the place, but so many bad news to convince me not to buy This post has been edited by HaoHao2986: Feb 26 2012, 01:41 AM |
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Feb 26 2012, 03:39 AM
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1,039 posts Joined: Nov 2007 From: Penang Island Status: No Solidarity No Corruption |
QUOTE(hdcyng @ Feb 20 2012, 05:44 PM) Worried: Venice Hill Management Corporation Sdn Bhd director Philip Tan (right) pointing at the hill clearing. Blocks 4, 5, 7, and 8 stand at the edge of the hill. With Tan are other residents of Venice Hill and surrounding areas. look it at the canyon how can this OC can be approved?http://savebukitgasing.wordpress.com/2010/...r-their-safety/ Imminent danger: Two Garden Villa units taking shape at the foot of the hill while in the background are four units of the Venice Hill condominiums Taman Mudun residents standing in front of the steep rock face near their houses. On top is Tower 4 of the Venice Hill Condominium. |
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Feb 26 2012, 08:03 AM
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2,380 posts Joined: Apr 2005 |
QUOTE(HaoHao2986 @ Feb 26 2012, 01:37 AM) http://www.ntv7.com.my/7edition/local-en/P..._SYNDICATE.html LOL dont be greedy over large sq and cheap price, there must be a reason. Suggest to look elsewhereAdded on February 26, 2012, 1:41 amViewed a condo in Tower 8 today. Such a nice condo. Quiet environment, fresh air, breezy, very nice mountain view. Fully furnished with air-cons, water heater, built in wardrobe, kitchen cabinet, ceiling fans etc. Selling for less than RM200,000!! Heart is with the place, but so many bad news to convince me not to buy |
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Feb 26 2012, 08:18 AM
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1,039 posts Joined: Nov 2007 From: Penang Island Status: No Solidarity No Corruption |
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Feb 26 2012, 08:35 AM
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1,371 posts Joined: Sep 2011 |
Anyone knows if the Mah Sing Hill Villas or Garden Villas are completed or abandoned?
Guys, if you dont stay there or dont know that area, dont simply pijak the condo, thanks. Think of those ppl who has been staying there for 15 years. |
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Feb 27 2012, 07:11 PM
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493 posts Joined: May 2010 |
the 2 villas already completed.
Hijauan residence also completed damn long already. Access road from PPH to Venice Hill also widen already altho the rush hour traffic is still there its not as bad now. |
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Feb 27 2012, 07:34 PM
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What do you mean the 2 villas completed?? The 2 sample units? I am asking about the whole phase 3 on the side of the hill.
Ya, hijauan completed long time already. |
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Feb 28 2012, 08:03 PM
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112 posts Joined: Mar 2005 |
can buy this condo...then buy insurance against natural disaster to be safe
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Feb 28 2012, 08:06 PM
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1,071 posts Joined: Jan 2008 From: KL |
anyone has experience took standard MRTT insurance cover + special perils cover?
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Feb 29 2012, 04:28 PM
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Feb 29 2012, 04:31 PM
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Sep 19 2012, 10:47 AM
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QUOTE(lohmaikai @ Feb 27 2012, 07:11 PM) the 2 villas already completed. The bungalows on the slope below Venice Hill are not even BUILT! Hijauan residence also completed damn long already. Access road from PPH to Venice Hill also widen already altho the rush hour traffic is still there its not as bad now. Here is the proof! Added on September 19, 2012, 10:48 amThe 2 sample bungalows looking like some abandoned haunted units. eyesore. Added on September 19, 2012, 10:51 am This post has been edited by twins9: Sep 19 2012, 10:51 AM |
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Sep 19 2012, 11:15 PM
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928 posts Joined: Mar 2012 |
It reminds me of the collapse of Highland Tower.
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Sep 21 2012, 10:08 AM
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All Stars
11,940 posts Joined: Mar 2012 From: Kuala Lumpur |
i always thought mat hitam like to invade venice hills for illegal activities.
Maybe u can share your personal view why u bought urself a unit there? |
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Jul 13 2013, 12:08 PM
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feb 2013 photo...soil errosion on the slope excavated by Mah Sing for garden bungalows but left to erode away.... |
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Jul 17 2013, 12:31 PM
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471 posts Joined: Jan 2003 |
anyone know if there is any insurance company providing home insurance against soil erosion?
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Aug 5 2013, 06:34 PM
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1,101 posts Joined: Jan 2006 |
im really curious on this piece.. any potential or upcoming plans that can help or boost this place price up ?
how is the rental take up rate there ? |
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Aug 9 2013, 05:15 PM
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96 posts Joined: Dec 2006 From: Villa Puteri Condo, Jalan Tun Ismail,KL |
QUOTE(cloner @ Aug 5 2013, 06:34 PM) im really curious on this piece.. any potential or upcoming plans that can help or boost this place price up ? I just viewed a unit in tower 1 just now..eventhough looks creepy like silent hill from outside..i surprised when im actually inside the building..totally diff environment..love the quietness and scenary..how is the rental take up rate there ? Might buy the unit |
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Aug 11 2013, 03:48 PM
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QUOTE(thinkthink @ Aug 9 2013, 05:15 PM) I just viewed a unit in tower 1 just now..eventhough looks creepy like silent hill from outside..i surprised when im actually inside the building..totally diff environment..love the quietness and scenary.. wats the size n price the unit u viewed? might be the same one i viewed.. Might buy the unit the condition of the unit good ? |
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Aug 12 2013, 03:25 AM
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96 posts Joined: Dec 2006 From: Villa Puteri Condo, Jalan Tun Ismail,KL |
QUOTE(cloner @ Aug 11 2013, 03:48 PM) wats the size n price the unit u viewed? might be the same one i viewed.. Hi..it's 1500 something, tower 1..it's good enough for me due to the space and price..just hope the management is ok, and the place would get better in the near futurethe condition of the unit good ? |
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Aug 13 2013, 02:18 AM
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Aug 13 2013, 12:11 PM
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soil erosion mainly affects the other tower i suppose ??
but still if one tower falls, all towers suffer... @@ |
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Aug 13 2013, 02:07 PM
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1,135 posts Joined: Oct 2007 |
This place is hopeless. Once almost hopeless bkt oug from 100k to 350k today. But Venice hill very much larger built up I could still get less than 200k
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Aug 14 2013, 01:05 AM
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Aug 14 2013, 08:09 AM
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Aug 14 2013, 08:29 AM
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10,722 posts Joined: Nov 2011 |
buying venice is a "real" gambling games.
either u win big or u get nothing. and sometime ur life. This post has been edited by tikaram: Aug 14 2013, 08:29 AM |
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Aug 14 2013, 12:41 PM
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oiyoo both taiko keith & tikaram has spoken... noted xiu dai will enter prudent mode * !
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Aug 14 2013, 01:46 PM
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Nov 20 2013, 02:18 PM
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Saw an unit at Tower 9 of 775/sq ft asking for RM88k, very tempting to buy but not sure is tower 9 ok? got the CF?... Anyone can share? Thanks.
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Dec 2 2013, 01:29 PM
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386 posts Joined: Apr 2008 From: Kuala Lumpur |
Hmm...
Considering getting a unit. The price is good. I'm not too worried about soil erosion. |
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Dec 12 2013, 09:23 PM
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Dec 12 2013, 09:30 PM
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Dec 12 2013, 09:40 PM
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Can someone share some photo on the soil erosion?
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Jul 15 2014, 03:05 PM
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76 posts Joined: Jul 2013 |
anyone purchase that area?
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Jul 17 2014, 11:22 PM
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1,071 posts Joined: Jan 2008 From: KL |
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Jul 17 2014, 11:35 PM
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1,227 posts Joined: Jun 2010 |
Advice:better cek bank value and whether they loan for tis place
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Sep 17 2014, 12:13 PM
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Sep 25 2014, 07:48 PM
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QUOTE(scorptim @ Sep 17 2014, 12:13 PM) Hi magna, just wanna ask more about VHT10, hiow is the condition there? Are they many african in VHT10? Hi scorptim,There is no african staying at tower 10 at all. they are not allowed to enter tower 10 condo, at most they can be at guardhouse. im not sure policy by tower 10 management/JMB, maybe no african can stay here. last time there is no grocery shop at tower 9 (condo in front tower 10), so sometime few of these african came to tower 10 to buy goods. But they can only wait at guardhouse until the shop owner bring what goods they want to buy. Now tower 9 has its own shop within the condo. African mainly live within tower 1 to tower 9. i dont know their number...but I never once saw more than 20 african at one time, everytime passing along the road here. how many of them stayed in the condo im not sure la..But overall since staying here, nothing bad happened caused by them. Hope none. And police (partol car or motorcycle) did patrol around here too.. |
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Sep 26 2014, 10:14 AM
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698 posts Joined: Nov 2009 |
QUOTE(magna_voxx @ Sep 25 2014, 07:48 PM) Hi scorptim, Thanks for the info bro. I also wanna check, for VHT10...will bank provide loan? Just scared its like bukit antarabangsa area where banks usually refuse to give loans due to the unstability of the area. I'm actually quite interested with VHT10 now based on your description of the community and security there.There is no african staying at tower 10 at all. they are not allowed to enter tower 10 condo, at most they can be at guardhouse. im not sure policy by tower 10 management/JMB, maybe no african can stay here. last time there is no grocery shop at tower 9 (condo in front tower 10), so sometime few of these african came to tower 10 to buy goods. But they can only wait at guardhouse until the shop owner bring what goods they want to buy. Now tower 9 has its own shop within the condo. African mainly live within tower 1 to tower 9. i dont know their number...but I never once saw more than 20 african at one time, everytime passing along the road here. how many of them stayed in the condo im not sure la..But overall since staying here, nothing bad happened caused by them. Hope none. And police (partol car or motorcycle) did patrol around here too.. |
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Sep 26 2014, 07:55 PM
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1,071 posts Joined: Jan 2008 From: KL |
QUOTE(scorptim @ Sep 26 2014, 10:14 AM) Thanks for the info bro. I also wanna check, for VHT10...will bank provide loan? Just scared its like bukit antarabangsa area where banks usually refuse to give loans due to the unstability of the area. I'm actually quite interested with VHT10 now based on your description of the community and security there. Well, i saw numbers of ads in mudah selling unit at tower 10 around 250k and above. Definitely bank willing to offer a loan..it just a matter of how much they can finance your house. let say the property valuer put price tag of 200k for the unit and the unit you are eyeing for is 250k, so bank will only finance maximum 200k. if the purchase price is fixed, then you need to put additional 30k on top of 10% deposit from your financing value (20k) to purchase the property. in total you need to pay 50k difference. that not include S&P and etc.The higher the unit price, the gap become greater. How much bank willing to finance also be a factor. Well, this applies whenever you want to purchase a property and this is what a banker informed me. Back then when i'm applying for a loan, i heard the same issue...ppl saying bank will refuse to give loan, hardly to finance it, etc & etc. As long you are keen to buy and your credit checking is healthy, they should be no issue..even in buying other property as well. if application from one bank failed, you can try others.. |
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Oct 10 2014, 11:10 AM
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25 posts Joined: Nov 2009 |
For updates... i have just recently bought over an studio unit from tower 9, middle floor, 770 sq ft for RM86,000 (S&P price RM117k) which i find a good price as the condition of the unit is good. I just need to spend RM1,250 for cleaning, washing, changing door locked and painting the whole unit. Now it is confirmed that the tower 9 already have the strata title which many people still do not know.
On loan, I applied from MBB and the bank issued me the LO to sign (rate not very good as small loan, it was BLR - 1.5% only) but i rejected as i could find a good rate of Personal Loan, although i need to pay a bit higher in installement but after some calculation, i found it is still worth as i didnt need to pay the valuation report fees, save the legal fees from the loan documentation, can get the money within 2 weeks and no locked up period. While on African issue, so far i went 5 times there, saw African there but not too many of them, arround 10 - 15. Anyway, they seem ok and never disturb us. In tower 9, there are 4 units at the lobby, 2 are mini markets which respectively manned by local mamak and indian, 1 untit for management office and another is a computer service center run by African. We were informed that there is lesser African in V.hill if compared to last time which i am not sure. Thru the conversation with the mangement there the unit in tower 9 were mainly owned by Singaporean but many have been sold to local recently. Hope with more and more buying/selling transactions carried out in V.hill (esp tower 9), there should have more m.fees collected (old owner need to clear the outstanding amount and new owner continue to pay the m.fees), the place is well maintained and has the chance to come out again and become a high class place to stay as it was supposed to be. Wait for this day to come. |
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Oct 10 2014, 11:21 AM
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Something to add, i think the demand at V.hill is not that bad, before i bought this unit, i viewed few units at tower 9. 1 unit with perfect conditon (1,099 sq feet selling at RM118k) was sold to the buyer who viewed the unit before me. 1 unit the owner changed his mind by not selling, another unit was at lower floor and not in a very good condition was asking for RM97k. I though it could be difficult to sell due to the price and condition but to my suprised, the unit was sold.
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Oct 10 2014, 11:24 AM
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3,665 posts Joined: Aug 2014 |
QUOTE(Grace_2009 @ Oct 10 2014, 11:10 AM) For updates... i have just recently bought over an studio unit from tower 9, middle floor, 770 sq ft for RM86,000 (S&P price RM117k) which i find a good price as the condition of the unit is good. I just need to spend RM1,250 for cleaning, washing, changing door locked and painting the whole unit. Now it is confirmed that the tower 9 already have the strata title which many people still do not know. hi Grace,On loan, I applied from MBB and the bank issued me the LO to sign (rate not very good as small loan, it was BLR - 1.5% only) but i rejected as i could find a good rate of Personal Loan, although i need to pay a bit higher in installement but after some calculation, i found it is still worth as i didnt need to pay the valuation report fees, save the legal fees from the loan documentation, can get the money within 2 weeks and no locked up period. While on African issue, so far i went 5 times there, saw African there but not too many of them, arround 10 - 15. Anyway, they seem ok and never disturb us. In tower 9, there are 4 units at the lobby, 2 are mini markets which respectively manned by local mamak and indian, 1 untit for management office and another is a computer service center run by African. We were informed that there is lesser African in V.hill if compared to last time which i am not sure. Thru the conversation with the mangement there the unit in tower 9 were mainly owned by Singaporean but many have been sold to local recently. Hope with more and more buying/selling transactions carried out in V.hill (esp tower 9), there should have more m.fees collected (old owner need to clear the outstanding amount and new owner continue to pay the m.fees), the place is well maintained and has the chance to come out again and become a high class place to stay as it was supposed to be. Wait for this day to come. at 88k, the most is lose the money but the potential upside is great. Are you buying for rental? how much can you rent it out to, and to whom? |
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Oct 10 2014, 11:26 AM
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4,742 posts Joined: Jan 2012 |
QUOTE(Grace_2009 @ Oct 10 2014, 11:10 AM) For updates... i have just recently bought over an studio unit from tower 9, middle floor, 770 sq ft for RM86,000 (S&P price RM117k) which i find a good price as the condition of the unit is good. I just need to spend RM1,250 for cleaning, washing, changing door locked and painting the whole unit. Now it is confirmed that the tower 9 already have the strata title which many people still do not know. How long is your Personal Loan (PL( tenure.On loan, I applied from MBB and the bank issued me the LO to sign (rate not very good as small loan, it was BLR - 1.5% only) but i rejected as i could find a good rate of Personal Loan, although i need to pay a bit higher in installement but after some calculation, i found it is still worth as i didnt need to pay the valuation report fees, save the legal fees from the loan documentation, can get the money within 2 weeks and no locked up period. While on African issue, so far i went 5 times there, saw African there but not too many of them, arround 10 - 15. Anyway, they seem ok and never disturb us. In tower 9, there are 4 units at the lobby, 2 are mini markets which respectively manned by local mamak and indian, 1 untit for management office and another is a computer service center run by African. We were informed that there is lesser African in V.hill if compared to last time which i am not sure. Thru the conversation with the mangement there the unit in tower 9 were mainly owned by Singaporean but many have been sold to local recently. Hope with more and more buying/selling transactions carried out in V.hill (esp tower 9), there should have more m.fees collected (old owner need to clear the outstanding amount and new owner continue to pay the m.fees), the place is well maintained and has the chance to come out again and become a high class place to stay as it was supposed to be. Wait for this day to come. FYI Housing Loan is based on daily rest whilst PL is fixed. Hence PL effective interest rate is much higher than what is advertised Assuming the same rate (BLR of 6.85% less 1.50% = 5.35%) Assume LOan of RM77K for tenure of 10-years For HL, as its based on daily rest, its quite close to effective interest rate but for PL, the effective interest rate is 9.23% But anyway, congrats http://loanstreet.com.my/calculator/flat-t...h.BxJjA1QW.dpbs |
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Oct 10 2014, 11:49 AM
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471 posts Joined: Jan 2003 |
Except tower 10.....with the current conditions, I don't think any house owner want to stay there themselves in such environment, maybe only if they are single male(no spouse/family), so it is only about rental play, can forget about appreciation in the short/medium term. Unfortunately its location is not good to attract those low-income tenants. The popped nursing bubble has also diminished the hope for student tenants. Plus the security condition is still bad(whether with or without the africans actually), you will need some patience to find some very brave tenants to stay here.
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Oct 10 2014, 02:02 PM
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25 posts Joined: Nov 2009 |
corleone74 , yes, buying for investment, the rental there is arround RM600-RM700, depending on the condition. I am fine with any tenants (any race) except foreigners as i do not want to spoilt the environment there. I am a risk taker, i beat on the future of the areas as believe after the MRT project is up and running, there should have more people staying there. My another view is that with the current high property price, the rental will be increased, so for those lower income earners that stay nearby v.hill may consider v.hill if the rental at their place increased to the price that above their affortability.
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Oct 10 2014, 02:08 PM
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cfa28, i took PL from Bank Islam, my monthly repayment is RM674 for 10 years tenure at RM60k loan amount, the interest rate is in daily rest and BLR-0.35, BI has few packages, the best one is this one and only offered to the staff of their approved listed company. My employer is the in the list, so i am entitled for the package but the repayment must be via salary deduction and i must be the staff of my current company, if i resign, i have to pay a very high rate, 8% fixed.
Compared to the term loan at BLR-1.5%, although my repayment is RM30+ lesser or RM4k+ in the total tenure of 10 years from this PL loan, but i could save valuation report say RM800, loan doc legal fees of RM2k, i only need to pay 1.2k more but i do not need to go thru all the hassle while waitng for the bank to disburse the money which sometime take more than 3 months. |
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Oct 10 2014, 02:09 PM
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3,665 posts Joined: Aug 2014 |
QUOTE(Grace_2009 @ Oct 10 2014, 02:02 PM) corleone74 , yes, buying for investment, the rental there is arround RM600-RM700, depending on the condition. I am fine with any tenants (any race) except foreigners as i do not want to spoilt the environment there. I am a risk taker, i beat on the future of the areas as believe after the MRT project is up and running, there should have more people staying there. My another view is that with the current high property price, the rental will be increased, so for those lower income earners that stay nearby v.hill may consider v.hill if the rental at their place increased to the price that above their affortability. thanks. might be a good bet. the yield is 15 years ago yield.don't mind, may i ask (and pls don't be obliged to answer if you don't want to) - have you managed to rent out the unit, to whom, and how fast was the turnaround? This post has been edited by corleone74: Oct 10 2014, 02:11 PM |
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Oct 10 2014, 02:10 PM
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Junior Member
25 posts Joined: Nov 2009 |
corleone74, my unit is curently undergoing the patching, still not available for renting out, will keep you updated if manage to rent out and the rental price.
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Oct 10 2014, 02:12 PM
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Senior Member
3,665 posts Joined: Aug 2014 |
QUOTE(Grace_2009 @ Oct 10 2014, 02:10 PM) corleone74, my unit is curently undergoing the patching, still not available for renting out, will keep you updated if manage to rent out and the rental price. thanks.i really have to check out this condo next time i'm in KL. so let me get this straight - you were perfectly aware of the bad rep of the condo, but willing to take a calculated gamble.? This post has been edited by corleone74: Oct 10 2014, 02:13 PM |
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Oct 10 2014, 02:12 PM
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Junior Member
25 posts Joined: Nov 2009 |
Yusiang, agree with you, may have problem in finding tenure in short term but still worth to hold awhile if the price can be appreacited in the future. V.hill property is the cheapest in Klang Valley, no where can find such a cheap property.
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Oct 10 2014, 02:13 PM
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Senior Member
4,742 posts Joined: Jan 2012 |
QUOTE(Grace_2009 @ Oct 10 2014, 02:08 PM) cfa28, i took PL from Bank Islam, my monthly repayment is RM674 for 10 years tenure at RM60k loan amount, the interest rate is in daily rest and BLR-0.35, BI has few packages, the best one is this one and only offered to the staff of their approved listed company. My employer is the in the list, so i am entitled for the package but the repayment must be via salary deduction and i must be the staff of my current company, if i resign, i have to pay a very high rate, 8% fixed. you got a very good PL there. Daily Rest and yes, save on the additional fees and expenses upfront.Compared to the term loan at BLR-1.5%, although my repayment is RM30+ lesser or RM4k+ in the total tenure of 10 years from this PL loan, but i could save valuation report say RM800, loan doc legal fees of RM2k, i only need to pay 1.2k more but i do not need to go thru all the hassle while waitng for the bank to disburse the money which sometime take more than 3 months. Else P-Loan is more costly |
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Oct 10 2014, 02:15 PM
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Senior Member
3,665 posts Joined: Aug 2014 |
QUOTE(Grace_2009 @ Oct 10 2014, 02:12 PM) Yusiang, agree with you, may have problem in finding tenure in short term but still worth to hold awhile if the price can be appreacited in the future. V.hill property is the cheapest in Klang Valley, no where can find such a cheap property. may i add that the topography of VH is decent, on top of a hill and next to forest reserve. how is the quality of the building, & maintenance, pool and common areas? |
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Oct 10 2014, 02:35 PM
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Junior Member
25 posts Joined: Nov 2009 |
corleone74, few reasons to support my buy
1st - my friend bought an unit at tower 6 last year or last 2 years, she got a very good price, RM135k for 1.5k+ sq feet, she managed to rent out at RM1.1k, i think my friend is deem lucky as this tenant was renting her place temporary, some how he likes the place and continue renting, according to my friend, he is a good pay master. i initially also thought to buy that block but the price has been increased to RM200k and above (according to the agent) 2nd - i see from the internet, the cheapest unit at tower 9 was RM130k but mine is only RM86k, so below from market 30% 3rd - there was one unit at highest floor (tower 9) under auction recently with reserved price of RM70k, my agent told me the unit was sold > RM100k (RM117 if not mistaken). This post has been edited by Grace_2009: Dec 4 2014, 11:18 AM |
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Oct 10 2014, 02:46 PM
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Senior Member
3,665 posts Joined: Aug 2014 |
QUOTE(Grace_2009 @ Oct 10 2014, 02:35 PM) corleone74, few reasons to support my buy Grace, 1st - my friend bought an unit at tower 6 last year or last 2 years, she got a very good price, RM135k for 1.5k+ sq feet, she managed to rent out at RM1.1k to a local mamak (goverment servant), i think my friend is deem lucky as this tenant was renting her place temporary as his current house was undergoing renovation, some how he likes the place and didnt want to move, so continue renting, according to my friend, he is a good pay master. i initially also thought to buy that block but the price has been increased to RM200k and above (according to the agent) 2nd - i see from the internet, the cheapest unit at tower 9 was RM130k but mine is only RM86k, so below from market 30% 3rd - there was one unit at highest floor (tower 9) under auction recently with reserved price of RM70k, my agent told me the unit was sold > RM100k (RM117 if not mistaken). cannot rely on agent story. also the internet is asking price, must see the transacted prices (can get from valuation office). but at 86k it's so cheap. i'm not familiar with cheras and never been to VH location in person. may i ask if you're familiar with flora damansara @ damansara perdana. how is VH maintenance and common areas, compared to flora D? This post has been edited by corleone74: Oct 10 2014, 02:47 PM |
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Oct 10 2014, 03:03 PM
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Junior Member
25 posts Joined: Nov 2009 |
corleone74, i think i get a better price as the owner has two units and migrated so he just want to sell them. One of the unit already sold at even cheaper price RM70k+ but heard the condition was not good. Yes, agreed with you, cannt take what the agent said 100%.
I am not familiar with Flora damansara and i think cant compared with v.hill, the reputation of v.hill is no good, that why the price there is so low. while on maintainace, i think i am not in the position to comments as i am not familiar to tower 1 - 8 and 10 as i only know tower 9. Depends on each expectation, to me, cant expect too much as afer all the place is nearly 20 years. |
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Oct 10 2014, 03:17 PM
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Senior Member
3,665 posts Joined: Aug 2014 |
QUOTE(Grace_2009 @ Oct 10 2014, 03:03 PM) corleone74, i think i get a better price as the owner has two units and migrated so he just want to sell them. One of the unit already sold at even cheaper price RM70k+ but heard the condition was not good. Yes, agreed with you, cannt take what the agent said 100%. actually Flora D condition is pretty dismal.I am not familiar with Flora damansara and i think cant compared with v.hill, the reputation of v.hill is no good, that why the price there is so low. while on maintainace, i think i am not in the position to comments as i am not familiar to tower 1 - 8 and 10 as i only know tower 9. Depends on each expectation, to me, cant expect too much as afer all the place is nearly 20 years. |
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Oct 10 2014, 03:54 PM
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All Stars
29,254 posts Joined: May 2008 |
QUOTE(Grace_2009 @ Nov 20 2013, 02:18 PM) Saw an unit at Tower 9 of 775/sq ft asking for RM88k, very tempting to buy but not sure is tower 9 ok? got the CF?... Anyone can share? Thanks. QUOTE(Grace_2009 @ Oct 10 2014, 02:10 PM) corleone74, my unit is curently undergoing the patching, still not available for renting out, will keep you updated if manage to rent out and the rental price. Wow since Nov 20th 2013 until now, may I ask what took you so long to commit a unit ? |
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Oct 10 2014, 04:06 PM
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Junior Member
25 posts Joined: Nov 2009 |
puchongite, my first view unit was in Dec 2013, condition no good, so didnt take up, thereafter viewed 2 more units (1 was sold and anohter 1 the seller changed his mind by not selling). My viewed of this unit was in March 2014 and paid the earnest fees in Apr, it took nearly two months to sign the S&P due to some difficulty to contac the owner and arranged on the S&P signing (the owner has migrated), the S&P was signed in Jun, it took sometime for the lawyer to get things done (v.hill property is under liquidator rather than developer, so take more time for documents retrieval) and finally i can get my key last week.
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Oct 10 2014, 04:18 PM
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All Stars
29,254 posts Joined: May 2008 |
QUOTE(Grace_2009 @ Oct 10 2014, 04:06 PM) puchongite, my first view unit was in Dec 2013, condition no good, so didnt take up, thereafter viewed 2 more units (1 was sold and anohter 1 the seller changed his mind by not selling). My viewed of this unit was in March 2014 and paid the earnest fees in Apr, it took nearly two months to sign the S&P due to some difficulty to contac the owner and arranged on the S&P signing (the owner has migrated), the S&P was signed in Jun, it took sometime for the lawyer to get things done (v.hill property is under liquidator rather than developer, so take more time for documents retrieval) and finally i can get my key last week. Ok, just curious about your journey. |
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Oct 10 2014, 10:59 PM
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Senior Member
2,294 posts Joined: Sep 2009 |
QUOTE(Grace_2009 @ Oct 10 2014, 02:02 PM) corleone74 , yes, buying for investment, the rental there is arround RM600-RM700, depending on the condition. I am fine with any tenants (any race) except foreigners as i do not want to spoilt the environment there. I am a risk taker, i beat on the future of the areas as believe after the MRT project is up and running, there should have more people staying there. My another view is that with the current high property price, the rental will be increased, so for those lower income earners that stay nearby v.hill may consider v.hill if the rental at their place increased to the price that above their affortability. perhaps another b.oug in the making?...if the rental rate is true then its a great buy.congrats. |
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Oct 11 2014, 02:40 AM
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Senior Member
3,665 posts Joined: Aug 2014 |
agree! grace is an investor got a lot of guts! support !
This post has been edited by corleone74: Oct 11 2014, 02:41 AM |
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Oct 11 2014, 05:54 AM
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Junior Member
447 posts Joined: Sep 2009 |
Can't figure out why people still look at VH now? I am not pouring cold water but I have heard many true stories from my friends who stayed there (who owned and rented) before about crimes, security, poor maintenance, sex activities, unfavorable tenant profile....
Owners may be able to find low class tenants one day. But imagine the possibility of nightmare of getting a bad tenant is extremely high! |
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Oct 11 2014, 11:39 AM
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Senior Member
3,665 posts Joined: Aug 2014 |
QUOTE(truelife @ Oct 11 2014, 05:54 AM) Can't figure out why people still look at VH now? I am not pouring cold water but I have heard many true stories from my friends who stayed there (who owned and rented) before about crimes, security, poor maintenance, sex activities, unfavorable tenant profile.... hi,Owners may be able to find low class tenants one day. But imagine the possibility of nightmare of getting a bad tenant is extremely high! no doubt a risky investment! may i know are those events you mentioned (crime, poor maint, sex (i assume prostitution, yes?), many PH) still happening today? when was the latest? i read some report about the molest and FRU case was a few years ago. is VH consider cheras area or kajang area huh? This post has been edited by corleone74: Oct 11 2014, 11:55 AM |
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Oct 15 2014, 01:48 PM
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Junior Member
25 posts Joined: Nov 2009 |
FYI, there is a new condo to be built nearby venice hill, called 9nite condo, every unit is a corner unit and price from RM500k for 1.1+k sq feet (RM400+/sq ft). completion date : 2017 (same as MRT completion date). Hope with this new project, indirectly booth up the v.hill property.
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Oct 17 2014, 04:38 PM
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Junior Member
47 posts Joined: Jun 2009 |
QUOTE(Grace_2009 @ Oct 10 2014, 11:10 AM) For updates... i have just recently bought over an studio unit from tower 9, middle floor, 770 sq ft for RM86,000 (S&P price RM117k) which i find a good price as the condition of the unit is good. I just need to spend RM1,250 for cleaning, washing, changing door locked and painting the whole unit. Now it is confirmed that the tower 9 already have the strata title which many people still do not know. Hi Grace,On loan, I applied from MBB and the bank issued me the LO to sign (rate not very good as small loan, it was BLR - 1.5% only) but i rejected as i could find a good rate of Personal Loan, although i need to pay a bit higher in installement but after some calculation, i found it is still worth as i didnt need to pay the valuation report fees, save the legal fees from the loan documentation, can get the money within 2 weeks and no locked up period. While on African issue, so far i went 5 times there, saw African there but not too many of them, arround 10 - 15. Anyway, they seem ok and never disturb us. In tower 9, there are 4 units at the lobby, 2 are mini markets which respectively manned by local mamak and indian, 1 untit for management office and another is a computer service center run by African. We were informed that there is lesser African in V.hill if compared to last time which i am not sure. Thru the conversation with the mangement there the unit in tower 9 were mainly owned by Singaporean but many have been sold to local recently. Hope with more and more buying/selling transactions carried out in V.hill (esp tower 9), there should have more m.fees collected (old owner need to clear the outstanding amount and new owner continue to pay the m.fees), the place is well maintained and has the chance to come out again and become a high class place to stay as it was supposed to be. Wait for this day to come. what did you mean by you bought for RM86, but S&P is RM117k? Regards, |
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Oct 17 2014, 06:44 PM
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Senior Member
3,665 posts Joined: Aug 2014 |
QUOTE(Grace_2009 @ Oct 15 2014, 01:48 PM) FYI, there is a new condo to be built nearby venice hill, called 9nite condo, every unit is a corner unit and price from RM500k for 1.1+k sq feet (RM400+/sq ft). completion date : 2017 (same as MRT completion date). Hope with this new project, indirectly booth up the v.hill property. how do you pronounce 9nite? nine-nite? nite nite? |
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Oct 17 2014, 06:59 PM
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Senior Member
5,436 posts Joined: Jan 2011 |
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Oct 17 2014, 07:25 PM
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Senior Member
3,665 posts Joined: Aug 2014 |
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Oct 20 2014, 04:22 PM
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Junior Member
25 posts Joined: Nov 2009 |
babakoh, i mean i bought the unit at RM86,000 and the previous owner bought it at RM117,000.
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Dec 12 2014, 08:49 PM
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Newbie
2 posts Joined: Dec 2014 |
hye..i am going to rent a studio unit at venice hill tower 9..will be going into the house this coming january 2015..before that, i have done a lot of research regarding this building..most of it is negative..but i found your post and its cheer me up..but still i am in doubt..is it okay there?since i am going to live there alone, i need to know the condition..
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Dec 12 2014, 08:49 PM
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Newbie
2 posts Joined: Dec 2014 |
hye..i am going to rent a studio unit at venice hill tower 9..will be going into the house this coming january 2015..before that, i have done a lot of research regarding this building..most of it is negative..but i found your post and its cheer me up..but still i am in doubt..is it okay there?since i am going to live there alone, i need to know the condition..
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Dec 12 2014, 11:50 PM
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Senior Member
2,536 posts Joined: Apr 2011 |
QUOTE(truelife @ Oct 11 2014, 05:54 AM) Can't figure out why people still look at VH now? I am not pouring cold water but I have heard many true stories from my friends who stayed there (who owned and rented) before about crimes, security, poor maintenance, sex activities, unfavorable tenant profile.... Price is still cheap, cheap come with high riskOwners may be able to find low class tenants one day. But imagine the possibility of nightmare of getting a bad tenant is extremely high! |
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Dec 13 2014, 02:58 AM
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Senior Member
3,665 posts Joined: Aug 2014 |
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Dec 19 2014, 10:09 PM
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Junior Member
57 posts Joined: Nov 2007 |
Since i am selling my unit at a dirt cheap offer, i think it's my responsibility to tell you some stories about my experience in Venice hill. I've been trying to get rid of my unit at Tower 9 since 3 years ago, but still no taker. My agent told me that some buyers are keen on my unit but difficult to get loan as most banks now reject loan on venice hill.
My advice, think twice if you are buying a unit here for own stay. I had been living in nightmare worry about the soil erosion case affecting neighboring towers. Not to mention low water pressure on and off, "some not-so-friendly foreigners" keep hanging around my tower and shouting with each others, endless rubbish dumped near the abandoned shops... I am not sure if anyone here still remember the African Riot in 2012, where hundreds of African stormed Venice hill to confront the RELA members (Google it for the news). We (and most of the residents) were hiding in our own house。 Yes! you got me right, HIDING in our own house for our safety. I've since move out and rented out the unit about a year ago. First tenant (Ladies) moved out just after 2 months because of above mentioned issues, 2nd tenant (friendly Pakistani family) is ok for now, 5 months already without complaint. Anyway, If you plan to buy it and rent it out, it's a good deal. http://www.propertyguru.com.my/property-ne...or-their-safety Here are some news i got it from Sinchew online news. If you don't understand Chinese character, please use google translate. 以下為富祥高原公寓(Venice Hiil)過去曾發生案件 Source: Sinchew Online 2011年11月11日 一名身份不明的黑人男子在有關公寓露台斃命多天,直到屍體發臭才被居民揭發。 2012年1月30日晚上11時左右 3名尼日利亞籍男子闖進一名同鄉位於有關公寓的居所,將他五花大綁,搶劫他總值7千000令吉的財物後逃跑。 2012年3月31日 一名住在富祥高原公寓的35歲黑人男子因非禮清潔女工,遭7名志願警衛團成員圍捕及毆打,導致他重傷斃命,結果引起約200名黑人不滿,並聚集喧鬧。 2013年3月17日 一名日本籍工程師疑掉入黑人網絡愛情騙子圈套,被騙來馬結婚遭綁架並禁錮在蕉賴9英里地區公寓;警方展開救人行動,開鎗射傷1名綁匪並逮捕另4名男女同黨,成功救出肉票! 肉票是被禁錮在福祥高原公寓(Venice Hill)第7座8樓單位,而綁匪則住同座公寓17樓單位。 被綁匪用來禁錮肉票的富祥高原公寓共有9座和1千399個單位,雪州警方估計當地約有[1千名黑人居住. This post has been edited by SeanST: Dec 19 2014, 10:10 PM |
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Dec 26 2014, 08:02 PM
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Newbie
2 posts Joined: Dec 2014 |
QUOTE(Grace_2009 @ Oct 10 2014, 02:08 PM) cfa28, i took PL from Bank Islam, my monthly repayment is RM674 for 10 years tenure at RM60k loan amount, the interest rate is in daily rest and BLR-0.35, BI has few packages, the best one is this one and only offered to the staff of their approved listed company. My employer is the in the list, so i am entitled for the package but the repayment must be via salary deduction and i must be the staff of my current company, if i resign, i have to pay a very high rate, 8% fixed. Good! we should encourage grace for grace to invest in such a property rather than telling all the negative stories. I think soil erosion issue had been resolved and for those who are still sceptical should go down the Suria Residence to take a look yourself Compared to the term loan at BLR-1.5%, although my repayment is RM30+ lesser or RM4k+ in the total tenure of 10 years from this PL loan, but i could save valuation report say RM800, loan doc legal fees of RM2k, i only need to pay 1.2k more but i do not need to go thru all the hassle while waitng for the bank to disburse the money which sometime take more than 3 months. |
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Dec 30 2014, 01:11 PM
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Junior Member
57 posts Joined: Nov 2007 |
QUOTE(ryanlyr @ Dec 26 2014, 08:02 PM) Good! we should encourage grace for grace to invest in such a property rather than telling all the negative stories. I think soil erosion issue had been resolved and for those who are still sceptical should go down the Suria Residence to take a look yourself If you owned a unit there for your own stay, with or without family, you wouldn't say so, i guess.Unless you are thinking about investment at someone's expense, and thinking only about profit. I admit that i did a wrong investment. So i will take the consequences, not someone else. In my case, i explained every risks to my tenant before putting pen to paper. God sees everything we do. |
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Dec 30 2014, 04:08 PM
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Junior Member
443 posts Joined: Feb 2012 |
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Dec 30 2014, 04:38 PM
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Senior Member
2,695 posts Joined: May 2007 From: Prison Break |
Would be too optimistic if think the erosion problem can be solve without even having sufficient of maintenance fund.
This post has been edited by InF.anime: Dec 30 2014, 04:48 PM |
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Dec 30 2014, 04:53 PM
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All Stars
29,254 posts Joined: May 2008 |
QUOTE(InF.anime @ Dec 30 2014, 04:38 PM) Would be too optimistic if think the erosion problem can be solve without even having sufficient of maintenance fund. The problem is bigger than land slide or soil erosion now. Now what's needed is time, time to erode people's memory about the soil erosion and also bad security incidents. |
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Jan 1 2015, 02:12 PM
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Junior Member
57 posts Joined: Nov 2007 |
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Jan 7 2015, 05:04 PM
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All Stars
11,940 posts Joined: Mar 2012 From: Kuala Lumpur |
for venice hill owners, your should report this to KSAS and Ikram
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Jan 17 2015, 07:54 PM
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Junior Member
56 posts Joined: Jan 2014 |
Ya ada
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Mar 6 2015, 10:21 AM
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Newbie
1 posts Joined: Mar 2015 |
I have stayed in VH Tower 8 for many years. I also have houses elsewhere. I would choose different houses to stay at different time. Honestly, I love VH most, mostly for its coolness, refreshing scenery (mountain view) and such beautiful mist in the morning, quiet and your stress level diminishes as soon as you enter the home. That is the beautiful part of it.
The bad parts: 1. Poor maintenance, but better now. Cleanliness : on and off. Security : Not so strick 2. Soil erosion: Especially Block 1,2,3 and 4. Before I sign the Sale n Purchase Agreemnet, I enquired on the foundation and was told that the foundation is actually solid rock and the pillings into the rock are therefore very secured and strong, infact stronger that those on flat land.....Infact all the units from Block 1 to 8 were sold and many buyers are from Singapore.... 3. African: Initially many Aficans, but later the Imigration came and arrested many (after the African fighting and I think one got killed, and some of the Afican did some unlawful activities), afetr the clean up, now not many left and many of them actually are Christian as i see van coming to fetch them to Church on Sunday VH is now a much better place : 1. New management team, maintenance has improve 2. Strata Title has been issued: easier to sell and take loan 3. MRT nearby ready soon 4. New housing nearby prices are 2 or 3 time more than VH VH condo has huge build up areas, spacious balcony can put 2 mahjong table, can convert 2 adjacent store rooms to become 1 more bedroom..... Its dirt cheap now, with better management and completion of the MRT, the price will shoot up as other properties are just too expensive...and its freehold.... Things can only get better as many residents are professionals, lawyers, engineers, and they are fighting to make VH a better place to call home...where else in KL can you find a place so cool, quiet and surrounded by nature.... |
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Mar 17 2015, 12:41 PM
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Junior Member
10 posts Joined: Oct 2008 |
As a property agent, I can confirm this. More people are looking forward to buy this condo now. As long as the owner are cooperating, this place can really improve its value
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Mar 17 2015, 04:25 PM
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Junior Member
242 posts Joined: Jul 2012 |
QUOTE(LEE KENG YOU @ Mar 6 2015, 10:21 AM) I have stayed in VH Tower 8 for many years. I also have houses elsewhere. I would choose different houses to stay at different time. Honestly, I love VH most, mostly for its coolness, refreshing scenery (mountain view) and such beautiful mist in the morning, quiet and your stress level diminishes as soon as you enter the home. That is the beautiful part of it. actually, all these buildings on hill slopes have a definite time limit.The bad parts: 1. Poor maintenance, but better now. Cleanliness : on and off. Security : Not so strick 2. Soil erosion: Especially Block 1,2,3 and 4. Before I sign the Sale n Purchase Agreemnet, I enquired on the foundation and was told that the foundation is actually solid rock and the pillings into the rock are therefore very secured and strong, infact stronger that those on flat land.....Infact all the units from Block 1 to 8 were sold and many buyers are from Singapore.... 3. African: Initially many Aficans, but later the Imigration came and arrested many (after the African fighting and I think one got killed, and some of the Afican did some unlawful activities), afetr the clean up, now not many left and many of them actually are Christian as i see van coming to fetch them to Church on Sunday VH is now a much better place : 1. New management team, maintenance has improve 2. Strata Title has been issued: easier to sell and take loan 3. MRT nearby ready soon 4. New housing nearby prices are 2 or 3 time more than VH VH condo has huge build up areas, spacious balcony can put 2 mahjong table, can convert 2 adjacent store rooms to become 1 more bedroom..... Its dirt cheap now, with better management and completion of the MRT, the price will shoot up as other properties are just too expensive...and its freehold.... Things can only get better as many residents are professionals, lawyers, engineers, and they are fighting to make VH a better place to call home...where else in KL can you find a place so cool, quiet and surrounded by nature.... soil is always being eroded from the hills. no matter how strong the piling, the building will eventually crack/collapse one day. |
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Mar 17 2015, 05:25 PM
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Junior Member
471 posts Joined: Jan 2003 |
QUOTE(yoong81 @ Mar 17 2015, 04:25 PM) actually, all these buildings on hill slopes have a definite time limit. True, though rehabilitation is possible to counter the erosion. For example, Lafite apartment in Subang Jaya was facing slope problem similar to VH, it is now OK after the rehabilitation work. Unfortunately their developer, Sime Darby is an established company which cares about their reputation while VH's developer already bankrupt long time ago. Rehabilitation is not something a RA can afford to handle themselves...soil is always being eroded from the hills. no matter how strong the piling, the building will eventually crack/collapse one day. |
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Mar 17 2015, 05:39 PM
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Senior Member
1,080 posts Joined: Jun 2010 |
QUOTE(yoong81 @ Mar 17 2015, 05:25 PM) actually, all these buildings on hill slopes have a definite time limit. All buildings are designed for a service life, whether on the hilltop or flat land.soil is always being eroded from the hills. no matter how strong the piling, the building will eventually crack/collapse one day. This post has been edited by GangHo: Mar 17 2015, 05:39 PM |
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Mar 18 2015, 03:47 PM
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Junior Member
242 posts Joined: Jul 2012 |
QUOTE(GangHo @ Mar 17 2015, 05:39 PM) true, all buildings have a service lifespan.but at least on flat land, they are not subject to dangerous soil erosion. u saw what happened to bukit antarabangsa/cameron highlands/highland tower/kingsley hill. |
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Mar 18 2015, 04:11 PM
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Senior Member
1,080 posts Joined: Jun 2010 |
QUOTE(yoong81 @ Mar 18 2015, 04:47 PM) true, all buildings have a service lifespan. My believe in life has always been:-but at least on flat land, they are not subject to dangerous soil erosion. u saw what happened to bukit antarabangsa/cameron highlands/highland tower/kingsley hill. 1) Do your homework well 2) And yes accident does happen, whether car accident, air place accident, slope failure and etc. But that doesn't mean that you don't drive your car, don't take airplane or even stay in condo constructed at hill slope. 3) Be positive, while there are failure, there are also lots of successful cases where condo are constructed but nothing happen. |
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Mar 23 2015, 10:31 AM
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Junior Member
57 posts Joined: Nov 2007 |
I don't see the Risk Reward Relationship here. Old saying that The greater the risk, the greater the reward. In my case, i bear all the risks but see no rewards at all. As an owner of a unit in VH, i suggest you to look for better opportunities else way. Good luck!
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Mar 24 2015, 02:04 PM
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All Stars
11,940 posts Joined: Mar 2012 From: Kuala Lumpur |
better stay off this if i were you. Old technology (VH) compare to nearby New technology, of course 2 to 3 times higher price.
U must balance the logic. there are no such thing piles penetrate through rock. If u believe such joke, i just speechless. You dont assume all banks and valuers are still stupid or sleeping nowaday for the reason why the VH value still "dirt cheap". If you read their "risk assessment" report, i believe u will move out first thing tomorrow. Well, its your life. but i dont comfortable that you encouraging others to buy for some sake of MRT lah, nikka lah, church lah, and bla bla bla |
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Jun 12 2015, 01:42 AM
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Junior Member
20 posts Joined: Jun 2005 |
Hi hi,
I'm writing in on this. My family owns a unit here(forgot whichtower). My dad is an architect who was somehow involved with the project. When I asked him about all the issues surrounding the project. 1. Foreigners 2. Soil erosion 3. Value He had this to say: 1. It's plenty better now because the new management has places limitations on who can stay in the condo. 2. The entire project has been built on a giant granite boulder. Apparently unless the entire hill roll away, the buildings won't budge because they are sitting on a "tray" on top of the boulder. He says it's safe. I generally trust my dad professionally. 3. Value will go up sooner or later. |
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Aug 4 2015, 11:02 PM
Show posts by this member only | IPv6 | Post
#110
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Junior Member
57 posts Joined: Nov 2007 |
QUOTE(Sanction @ Jun 12 2015, 01:42 AM) Hi hi, 4. All the above mentioned 'he says, i say' were merely speculations. Another desperate agent, arent u?I'm writing in on this. My family owns a unit here(forgot whichtower). My dad is an architect who was somehow involved with the project. When I asked him about all the issues surrounding the project. 1. Foreigners 2. Soil erosion 3. Value He had this to say: 1. It's plenty better now because the new management has places limitations on who can stay in the condo. 2. The entire project has been built on a giant granite boulder. Apparently unless the entire hill roll away, the buildings won't budge because they are sitting on a "tray" on top of the boulder. He says it's safe. I generally trust my dad professionally. 3. Value will go up sooner or later. |
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Aug 4 2015, 11:51 PM
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Junior Member
481 posts Joined: May 2006 |
Any latest photo on the slope.
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Aug 5 2015, 09:18 AM
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Senior Member
5,436 posts Joined: Jan 2011 |
Airbnb member reviews not bad wor after staying there. Macam back to nature.
FYI, Airbnb quite straight on member profile. Bad tenant bad owner cannot run away under airbnb. Once u do bad in pipu house or treat your tenant badly.. your reputation down to zero regardless u r tenant or owner. This post has been edited by HELLO HELLO: Aug 5 2015, 09:21 AM |
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Aug 5 2015, 02:38 PM
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Junior Member
386 posts Joined: Apr 2008 From: Kuala Lumpur |
Price seems too inflated on iproperty.com
I see prices up to RM 330,000, wow. Last time i saw price for same sized units at 190k. Perhaps the price are inflated due to MRT. I am looking to buy a unit, but budgeting around RM 200,000. Any idea how is the process to check transacted prices? I heard that there is a pejabat that i can go pay to see the recent transac prices. |
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Aug 5 2015, 02:51 PM
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All Stars
29,254 posts Joined: May 2008 |
QUOTE(win44 @ Aug 5 2015, 02:38 PM) Price seems too inflated on iproperty.com Try this website :-I see prices up to RM 330,000, wow. Last time i saw price for same sized units at 190k. Perhaps the price are inflated due to MRT. I am looking to buy a unit, but budgeting around RM 200,000. Any idea how is the process to check transacted prices? I heard that there is a pejabat that i can go pay to see the recent transac prices. http://www.brickz.my/transactions/resident...ill/non-landed/ |
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Aug 5 2015, 04:21 PM
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Junior Member
386 posts Joined: Apr 2008 From: Kuala Lumpur |
QUOTE(puchongite @ Aug 5 2015, 02:51 PM) Nice!Thanks! |
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Aug 7 2015, 03:01 AM
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Senior Member
1,655 posts Joined: Jan 2003 From: Ipoh |
QUOTE(win44 @ Aug 5 2015, 02:38 PM) Price seems too inflated on iproperty.com Wah you willing to take the risk ah?I see prices up to RM 330,000, wow. Last time i saw price for same sized units at 190k. Perhaps the price are inflated due to MRT. I am looking to buy a unit, but budgeting around RM 200,000. Any idea how is the process to check transacted prices? I heard that there is a pejabat that i can go pay to see the recent transac prices. |
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Aug 7 2015, 11:48 AM
Show posts by this member only | IPv6 | Post
#117
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Junior Member
57 posts Joined: Nov 2007 |
QUOTE(win44 @ Aug 5 2015, 02:38 PM) Price seems too inflated on iproperty.com Great. i am selling mine bellow 200k. But cash purchase only. If u insist on getting a morgage loan, i will take all ur deposit in case ur loan got rejected for whatever reason. PM me if u agree with my term, and we can meet up for further discussions. And its tenanted with good rent now.I see prices up to RM 330,000, wow. Last time i saw price for same sized units at 190k. Perhaps the price are inflated due to MRT. I am looking to buy a unit, but budgeting around RM 200,000. Any idea how is the process to check transacted prices? I heard that there is a pejabat that i can go pay to see the recent transac prices. |
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Aug 7 2015, 11:52 AM
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All Stars
29,254 posts Joined: May 2008 |
QUOTE(SeanST @ Aug 7 2015, 11:48 AM) Great. i am selling mine bellow 200k. But cash purchase only. If u insist on getting a morgage loan, i will take all ur deposit in case ur loan got rejected for whatever reason. PM me if u agree with my term, and we can meet up for further discussions. And its tenanted with good rent now. How much rental per month ? Or maybe got rental (price) but poor collection ? |
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Aug 7 2015, 12:13 PM
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Junior Member
171 posts Joined: Jun 2009 |
It is better stay off this if i were you.
On websites like iProperty, the price had been inflated to RM300K or more but the market price should be below RM200K IMO. |
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Aug 9 2015, 07:53 PM
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Senior Member
1,655 posts Joined: Jan 2003 From: Ipoh |
QUOTE(pingpang @ Aug 7 2015, 12:13 PM) It is better stay off this if i were you. And ppl SHOULD wonder why market price is still low for a 1000+sqf property.On websites like iProperty, the price had been inflated to RM300K or more but the market price should be below RM200K IMO. Even house owner scared bank reject loan |
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Aug 11 2015, 02:46 PM
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Junior Member
87 posts Joined: Jul 2014 |
I also wonder how it feels to stay there, I mean for the price i'm sure that many younger families would be staying there. Maybe the history has already sort of "'blacklisted'' this place that the price won't shoot up, like other properties in Klang Valle. But it would be nice to stay near the hulu langat forest reserve, I'm sure it's healthier then living beside KLCC
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Aug 27 2015, 05:10 PM
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Newbie
2 posts Joined: Dec 2014 |
QUOTE(neato4u @ Aug 9 2015, 07:53 PM) And ppl SHOULD wonder why market price is still low for a 1000+sqf property. Let me share my 2 cents worth on VH. As far as bank financing for VH condo's purchaser, yes, financing is available but subject to (1) the availability of strata title under the seller's name (2) the repayment capability of the purchaser. I have personal seen so many buyers secured his/her loan from Citibank, Hong Leong Bank, CIMB bank just name a few. Hope it helps to clear the air as to why some purchasers have failed to obtain the loan for VH purchase.Even house owner scared bank reject loan |
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Aug 27 2015, 05:43 PM
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Senior Member
2,211 posts Joined: Aug 2009 |
This condo I nearby REAL suria campus right ..?
This post has been edited by danielisme: Aug 27 2015, 05:43 PM |
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Nov 27 2015, 08:32 PM
Show posts by this member only | IPv6 | Post
#124
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Junior Member
386 posts Joined: Apr 2008 From: Kuala Lumpur |
Deleted
This post has been edited by win44: Jun 15 2016, 10:48 PM |
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Jan 4 2016, 07:39 PM
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Junior Member
41 posts Joined: Feb 2009 |
any new infor about this property ??
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Jan 13 2016, 08:50 AM
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Senior Member
4,889 posts Joined: Aug 2005 |
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Jan 13 2016, 04:52 PM
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Junior Member
18 posts Joined: Jun 2012 From: Kulim & Shah Alam |
no wonder they selling cheap
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Jan 21 2016, 09:37 PM
Show posts by this member only | IPv6 | Post
#128
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Junior Member
57 posts Joined: Nov 2007 |
QUOTE(win44 @ Nov 27 2015, 08:32 PM) I went to visit and survey the area. Brave. Good luck dear.It seems Tower 4 (or 33) is next to a very steep hill. The hill side (or cliff?) is covered with cement. I didnt see any soil run-off. My concern about this tower is coz i am making an offer on one unit in tower 4. |
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Mar 19 2016, 11:23 AM
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Junior Member
105 posts Joined: Jan 2016 |
Still many africans! Vice dens, vice activities, gambling etc. pity the owners renting to these blokes
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Mar 24 2016, 03:24 PM
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Junior Member
386 posts Joined: Apr 2008 From: Kuala Lumpur |
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Mar 24 2016, 03:29 PM
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Junior Member
105 posts Joined: Jan 2016 |
Heard a lot of bad african activities in this condo
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Mar 24 2016, 03:32 PM
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Senior Member
2,086 posts Joined: Jan 2003 From: Damansara Damai, PJ |
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Mar 27 2016, 08:52 AM
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Junior Member
386 posts Joined: Apr 2008 From: Kuala Lumpur |
QUOTE(loki @ Mar 24 2016, 03:32 PM) if you search for propwall , you will notice they have a chart on the average selling prices for the units there and they show no improvement since 08/2015 The MRT will be up in Taman Suntex Q3 of 2017.That could help prop up the price somewhat. Also will be better for rental. |
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Nov 23 2016, 02:15 PM
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Senior Member
6,779 posts Joined: Dec 2005 From: Kuala Lumpur |
Still got blackie there?
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Nov 24 2016, 12:47 AM
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All Stars
23,136 posts Joined: Aug 2007 From: Outer Space |
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Feb 12 2017, 10:17 PM
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Senior Member
3,312 posts Joined: Dec 2010 |
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Mar 14 2017, 09:41 PM
Show posts by this member only | IPv6 | Post
#137
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Junior Member
162 posts Joined: Jun 2016 |
If its Tower 6 Level 6, 1517sqft asking for 280K and I think can nego some more you think its a good buy? Tower 6 not many Africans right? Is Venice Hill still having lots of Africans?
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Sep 21 2017, 02:51 PM
Show posts by this member only | IPv6 | Post
#138
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Senior Member
1,831 posts Joined: Feb 2016 |
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Nov 19 2017, 11:22 PM
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Junior Member
56 posts Joined: Jan 2015 |
I am a resident here in Venice Hill and have been staying here for more than 10 years. Many have said bad things about this place being badly maintained and occupied with Africans or even break ins. Yes it is quite true but it has improved over the years.
But there is probably one thing that you cannot get from other property which is the 'quality of air'. Venice hill are condos built on the hill and right in front of our balconies is the forest reserve. I sleep with no fan and no air-cond every night and wake up to breeze of fresh air every morning. That's the only once thing I feel is the best here in Venice Hill but other than that location wise, it is about 10 minutes drive to Leisure mall or 5 minutes drive to Suntex MRT. Thanks. |
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Oct 14 2018, 12:42 PM
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Senior Member
990 posts Joined: Jun 2016 |
never saw 90k for 1000sqft like in claimed. cheapest also 150k for 800sqft
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Oct 14 2018, 01:14 PM
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Senior Member
4,998 posts Joined: Dec 2010 |
Is this a luxury condo? How big is the swimming pool?
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Oct 14 2018, 02:45 PM
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Junior Member
98 posts Joined: Sep 2017 |
this place is heaven for africans. lol.
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Oct 14 2018, 04:07 PM
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All Stars
23,136 posts Joined: Aug 2007 From: Outer Space |
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Oct 14 2018, 04:21 PM
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Senior Member
990 posts Joined: Jun 2016 |
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Oct 17 2018, 03:42 PM
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Senior Member
772 posts Joined: Jan 2003 From: Prontera's Inn |
So how much the values now for 1500 sqft venice hill? still lingers 200k?
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Oct 20 2018, 05:53 AM
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Junior Member
164 posts Joined: Nov 2013 |
I went to my fren's unit last year. Just normal normal nia..a bit old. I parked in upper floor which is dark. But cheap, what do you expect? Damn far and access road is a bit wierd.
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Oct 20 2018, 01:57 PM
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Senior Member
990 posts Joined: Jun 2016 |
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Oct 20 2018, 02:32 PM
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Junior Member
164 posts Joined: Nov 2013 |
No lar...a lot of our indian brothers there.
This post has been edited by funniman: Oct 20 2018, 06:02 PM |
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Dec 3 2018, 01:58 PM
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Junior Member
65 posts Joined: Sep 2018 |
QUOTE(SeanST @ Aug 7 2015, 11:48 AM) Great. i am selling mine bellow 200k. But cash purchase only. If u insist on getting a morgage loan, i will take all ur deposit in case ur loan got rejected for whatever reason. PM me if u agree with my term, and we can meet up for further discussions. And its tenanted with good rent now. the hack. be fair la. take only what u need. maybe process or waiting fee. 100 200 300 ok la? take all? so greedy ma. |
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May 18 2019, 06:41 PM
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All Stars
23,136 posts Joined: Aug 2007 From: Outer Space |
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Sep 2 2019, 07:35 PM
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Probation
2 posts Joined: Sep 2019 From: Singapore |
[SIZE=7]
Hi Any update on this and recent developments at VH? (especially by owners or residents) There are a number of new & classy projects/developments in the area.. eg Emerald9 @Cheras by Guocoland, and access to VH from Taman Cuepacs has improved due to these. |
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Sep 2 2019, 07:49 PM
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All Stars
23,136 posts Joined: Aug 2007 From: Outer Space |
Surprisingly Venice Hill got high recorded transaction:
Wait not only high but is the most number of transaction (in the last 5 years). |
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Sep 3 2019, 02:45 PM
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Probation
2 posts Joined: Sep 2019 From: Singapore |
Checked out the place last month. Except for the raid by Police & Immigration (05/19), the other "news" are rather dated and may not be relevant any more? There seems little concern now about the soil erosion, and allegedly the strata titles for all blocks have already been ready for transfer since some time already. The buildings certainly deserve a fresh coat of paint (with a more chic colour scheme!)… Think even just that alone will do wonders to how the condominium will project itself. That will also encourage owners to not "just rent to whoever". They seem to be running on "minimums" but the place is functional, including the swimming pool. The clubhouse itself is nothing to shout about in its current state. There has been frequent changes in the management company, not sure why. The current one seems to be trying to improve the process, etc.. but it remains to be seen whether they survive (re-appointed by) the next & future Management Committees. There seems to be a serious lack of funds to properly upkeep & refresh the place. Quite a long list of owners who are behind in payment of service charge, etc. Many units seem to be unoccupied. Overall, Venice Hill "feels" promising. It offers lots of green (& I saw monkeys by the internal roads) and a fresh, serene feel. As with all shared properties, the quality, integrity & effectiveness of persons in the Management Committee, in the management company, and the owners (& residents)… together will make or break the place. Above just from feel & what I could find out during my visit. Really would like to know what owners/residents who actually stay there think alandhw liked this post
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Feb 28 2021, 09:28 PM
Show posts by this member only | IPv6 | Post
#154
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Senior Member
1,949 posts Joined: Nov 2006 From: village land |
Any owner still here?
This post has been edited by MOMOchacha: Feb 28 2021, 09:28 PM |
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Feb 28 2021, 11:53 PM
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Senior Member
3,665 posts Joined: Aug 2014 |
if its cheap enuff, got pipu buy.
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Apr 6 2021, 05:15 PM
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Probation
2 posts Joined: Feb 2021 |
QUOTE(Grace_2009 @ Oct 10 2014, 11:10 AM) For updates... i have just recently bought over an studio unit from tower 9, middle floor, 770 sq ft for RM86,000 (S&P price RM117k) which i find a good price as the condition of the unit is good. I just need to spend RM1,250 for cleaning, washing, changing door locked and painting the whole unit. Now it is confirmed that the tower 9 already have the strata title which many people still do not know. On loan, I applied from MBB and the bank issued me the LO to sign (rate not very good as small loan, it was BLR - 1.5% only) but i rejected as i could find a good rate of Personal Loan, although i need to pay a bit higher in installement but after some calculation, i found it is still worth as i didnt need to pay the valuation report fees, save the legal fees from the loan documentation, can get the money within 2 weeks and no locked up period. While on African issue, so far i went 5 times there, saw African there but not too many of them, arround 10 - 15. Anyway, they seem ok and never disturb us. In tower 9, there are 4 units at the lobby, 2 are mini markets which respectively manned by local mamak and indian, 1 untit for management office and another is a computer service center run by African. We were informed that there is lesser African in V.hill if compared to last time which i am not sure. Thru the conversation with the mangement there the unit in tower 9 were mainly owned by Singaporean but many have been sold to local recently. Hope with more and more buying/selling transactions carried out in V.hill (esp tower 9), there should have more m.fees collected (old owner need to clear the outstanding amount and new owner continue to pay the m.fees), the place is well maintained and has the chance to come out again and become a high class place to stay as it was supposed to be. Wait for this day to come. |
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Jul 8 2021, 09:18 PM
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Junior Member
6 posts Joined: Nov 2012 |
How's the situation now? How's the management ,occupancy rate, overall...especially after covid
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Jul 9 2021, 03:56 AM
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Junior Member
263 posts Joined: Jan 2021 |
1514 sf 200k … congratulations 😂😂 plus free bathtub
This post has been edited by Wynne2219: Jul 9 2021, 03:57 AM |
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Jul 9 2021, 07:30 AM
Show posts by this member only | IPv6 | Post
#159
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All Stars
13,913 posts Joined: Sep 2017 |
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Jul 10 2021, 02:53 AM
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Junior Member
263 posts Joined: Jan 2021 |
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Jul 11 2021, 03:44 PM
Show posts by this member only | IPv6 | Post
#161
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Senior Member
2,603 posts Joined: Dec 2012 |
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