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 Reed at lake fields, sungai besi

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humms
post May 21 2015, 02:31 PM

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QUOTE(cheahcw2003 @ May 21 2015, 01:54 PM)
I have not received the vp notice from YTL (guess it's pending at post office), but received a SMS from the bank mentioning that my loan is fully drawn down today.
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the VP letters will be sent via registered mail.. you'll get it very soon!

ytl already started working on my minor defects items yesterday.. estimated to complete in about 2 weeks time..

This post has been edited by humms: May 21 2015, 02:31 PM
humms
post May 24 2015, 07:26 PM

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QUOTE(zuariinfra @ May 24 2015, 04:22 PM)
thanks for the information
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lol quoted and replied to a 3 years old post..

the commercial area is quite vibrant now until quite difficult to get car park space during lunch time weekdays
humms
post Jun 18 2015, 10:07 AM

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QUOTE(peter chai @ Jun 18 2015, 09:14 AM)
I think ytl boss has been following this thread. They are bringing down the abandoned guardhouse
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think ytl directors own quite a number of units in lake fields..
humms
post Jun 18 2015, 04:32 PM

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QUOTE(cheahcw2003 @ Jun 18 2015, 04:04 PM)
you meant Endlot in Reed?
I was told all units were fully sold back in 2012
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1.35m end lot most probably Dale, with 2,400sf land area.


humms
post Jun 18 2015, 04:33 PM

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QUOTE(pilopilo @ Jun 18 2015, 03:21 PM)
A friend bought an endlot unit last year, moved in recently. The price was already 1.35mil back then...  sweat.gif
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don't think your friend's unit is in reed.. my unit is the only unit there with full lightings intalled so far i guess..
humms
post Jun 18 2015, 05:31 PM

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QUOTE(cheahcw2003 @ Jun 18 2015, 05:26 PM)
u ready to move in already? so fast
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still doing some minor reno.. targeting to soft move in before the 7th month..
humms
post Jun 19 2015, 10:25 AM

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QUOTE(peter chai @ Jun 19 2015, 10:22 AM)
Mr humms. I think u r not the only one with full lighting installed. I saw one facing army camp already moved in
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wow cool.. will go check it out haha
humms
post Jun 22 2015, 03:00 PM

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management is very strict on everything.. they're beginning to get on my nerve..
humms
post Jun 22 2015, 04:24 PM

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QUOTE(fadetob|ack @ Jun 22 2015, 04:16 PM)
Last time when Lake Edge was new the management was also very strict however in time and when the Joint Committee was set up, things are more relaxed. I think Reeds is still new and if i am not mistaken this project are treated as a priority project for YTL currently therefore i'm sure they do not allow too much modifications done on the exterior.

Bro, any problems you ran into? Mind to share?
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i want to tint the windows and glasses also need approval, i wanna change the main gate to sliding auto gate also need approval, i want to enclose the yard area and add on additional glass roof also need approval, park car at road also come kacau when it's all empty.. get more access card also bising when my house can fit 4 cars..

the funniest thing, different contractors need to fill up different forms and get individual permission to enter; on top of the RM3,050..

can't wait for JMB to form
humms
post Jun 22 2015, 04:46 PM

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QUOTE(fadetob|ack @ Jun 22 2015, 04:39 PM)
That's KIASU already. I think invitations to form JMB is already out therefore we should all go and form it as soon as possible. When everyone moves in I wonder if they still have the resources to be so bossy haha.

Hang in there bro
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yeah hanging in there right now.. most of contractors who came also complained why so strict..

yes we shall see what will happen few years down the road.. certain main rules are ok to follow, but not until like what's happening right now.. imagine if i have a party, where the hell my guests gonna park their cars? outside the main road and walk into Reed?
humms
post Jun 22 2015, 07:42 PM

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QUOTE(loongking @ Jun 22 2015, 06:35 PM)
humms, you not the only one haha
i just can't understand why the dining a/c compressor unit must be there, i asked for relocation to second floor, also they ask for drawing, sent already now say have to go meeting n stuffs
car park not in the line also kena haha
car park next empty unit also kena
i do night work also come kacau
sigh
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bro your night work is internal? what if i feel like painting my own internal walls and i like to do it at night.. will they come kacau also i wonder.

what i hate the most is they always tell you to submit plan first, they won't tell you upfront can or cannot..

i intend to add the glass roof like this

[attachmentid=4496953]

Attached Image

This post has been edited by humms: Jun 22 2015, 07:50 PM


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humms
post Jun 22 2015, 09:21 PM

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QUOTE(peter chai @ Jun 22 2015, 08:18 PM)
Good idea wo. Can we copy?
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still pending approval from management.. no prob can use

maybe if more owners do similar design maybe easier to get it approved?

let me know if you need the autocad files..

This post has been edited by humms: Jun 22 2015, 09:23 PM
humms
post Jun 22 2015, 11:21 PM

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QUOTE(loongking @ Jun 22 2015, 09:56 PM)
one time got heavy rain, my car porch is wet, and also the main door
endlot units also the rain water will sips in the side windows
dry yard area same issue, heavy rain also rain water all blow in haha
and the so call subsoil or whatever garden wont flood, cmon, mine flooded
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thought of also fully tile up the yard flooring.. yeah without glass roof the rain will get blown in..
humms
post Jun 23 2015, 08:54 AM

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QUOTE(cheahcw2003 @ Jun 22 2015, 11:25 PM)
The drawing looks very nice and practical, but i doubt Managment will approve as it will change all the facade.
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well, the design is actually based on the management standard glass roof extension plan given to me.. the ground floor glass roof is almost similar to the one provided by management, except that the glass roof covering the yard area doesn't directly extend out and adjoin the overall glass roof.

the pre-approved sky terrace glass roof is only covering half of the area, therefore not practical at all, hence i propose to cover the entire sky terrace.

btw, the main entrance wooden door also got standard grille design..all must follow lol
humms
post Jun 23 2015, 09:55 AM

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QUOTE(loongking @ Jun 23 2015, 09:47 AM)
Main entrance grill should be vertical rather than horizontal
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yes to go in line with the sliding louvres for the glass doors.. i'll have the grille powder coated black to reduce the dissimilarities in design and pattern..
humms
post Jun 23 2015, 10:42 AM

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QUOTE(cheahcw2003 @ Jun 23 2015, 10:31 AM)
Anyone moved in?
I know one tenant moving in soon, early July
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i'm targeting early august.. loongking's reno also 7 7 8 8 di i see..
humms
post Jun 23 2015, 10:50 AM

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QUOTE(loongking @ Jun 23 2015, 10:47 AM)
Flooring kautim now the rest is loose items wardrobe kitchen n stuffs
Still rather quiet though the whole place
Active ones are the usual ones I saw
Haha
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my friend's lake frontage unit just got the keys 2 weeks ago.. and quite a number i think are based overseas / outstation and have not taken keys.

at least my kids will have the playground and garden to themselves when we move in haha
humms
post Jun 23 2015, 09:30 PM

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QUOTE(airline @ Jun 23 2015, 09:20 PM)
rental how much the going rate?
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about 3.3k for intermediate bare unit (confirmed rental).. end lot about 3.8k bare unit also
humms
post Jun 24 2015, 08:45 AM

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QUOTE(cheahcw2003 @ Jun 23 2015, 11:35 PM)
3.3k done deal? or just hear say?
Will the army camp row rent lower?
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3.3k done deal, but it's bare unit, owner doesn't even need to give lightings
humms
post Jun 24 2015, 02:16 PM

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QUOTE(BEANCOUNTER @ Jun 24 2015, 12:23 PM)
general rule of thumb is that rental yield is calculated based on current market value only.

those calculate on purchase price is syiok sendiri nia....bcos you forgone the opportunity gain element....like one "guru" used to promote his property.....
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yes if calculate rental yield over historical purchase price is only for owner's own analysis and feel good factor.. overall rental yield must be calculated based on the current market value..

generally, prime landed assets have very low yield, due to the fact that they are very secure properties, hence low risk, hence low return. this is the same scenario for prime commercial shop lots, a lot of them are getting only 3 - 4% yield.

the upside for a low rental yield is that you can either "grow" your rental to achieve a target yield, or there's upside to capital gain / appreciation. therefore a lot of investors relate low yield asset with high capital gain, and vice versa.

another way to look at this is to use this so called yield play to identify below market value properties, for example, a condo in Mont Kiara is achieving a rental yield of 6.5%, but i know that specific area should only command a yield of 5%, therefore it's a good buy because there's potential for capital growth to reflect back the yield to 5%.

yield = rental / market value

always remember to deduct expenses to calculate net yield. no point looking at gross yields (except for quick comparisons).

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