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 Reed at lake fields, sungai besi

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humms
post Feb 27 2014, 02:29 PM

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QUOTE(PradaLee @ Feb 25 2014, 06:24 PM)
Beware that end lots could be harder to dispose in subsale because of higher price points and also it actually costs a more to renovate and less privacy. Those who can afford go straight to corners with associated "prestige". else, they prefer intermediates.
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you have a point there, but i would want to disagree to a certain extent because end lot next to a linear park or a garden would have more privacy than a proper corner lot because the road in front and at the side would have a lot of traffic and noises.

those end lots appreciated much more and sell better during subsales, if you look at Desa Park City or even Lake Fields phase 1..
humms
post Feb 27 2014, 11:37 PM

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QUOTE(peter chai @ Feb 27 2014, 10:26 PM)
But if take the 5001 corner for example. It was 1.39mil which is slightly cheaper than endlot facing central park. Somemore 2 magic ft wider than end lot. Should feel more prestige gua .
So I doubt the better facimg end lot can beat 5001 in subsale.
Who is the 5001 owner....argh........so envy
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yeah the 5001 was priced lower than a better end lot facing central park. if i remember correctly, there was 1 end lot adjacent my unit facing central park priced at rm1.47m. i don't think the land size will be bigger than the 5001 corner. so ultimately YTL had priced the 5001 lower due to close proximity to guardhouse and also expected less privacy.. in this case, the end lot facing central park may not be more prestigious than the corner, but the location and privacy for sure will be much better than the 5001 corner.

however, for some buyers (like me) they will take it as bang for buck.. so ultimately it comes down to your needs vs cost consideration.

when it comes to subsale that time, lot 5001 price COULD be transacted higher than the end lot facing central park..

i've rechecked the price list again, lot 5001, land area is 4,263sf, built up is 3,502sf, RM1.39m

This post has been edited by humms: Feb 27 2014, 11:52 PM
humms
post May 5 2014, 12:39 PM

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QUOTE(graywilird @ May 3 2014, 02:20 PM)
Ok thanks doh.gif
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ytl could have carried out the subdivision for all phases at the same time.. and therefore similar tenure..
humms
post May 5 2014, 04:22 PM

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QUOTE(labybrad @ May 5 2014, 04:19 PM)
Any idea the most recent transacted Dale intermediate unit along not so inner road, for instance Jalan Tasik Damai 1?
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at least 1.1m..
humms
post May 5 2014, 04:47 PM

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holy cow if individual titles already issued, gotta get ready for MOT payment..
humms
post May 5 2014, 07:01 PM

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QUOTE(labybrad @ May 5 2014, 05:37 PM)
Any idea how much this MOT will costs?  rclxub.gif
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1% for first 100k
2% for next 400k
3% thereafter


humms
post May 6 2014, 10:14 AM

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QUOTE(humms @ May 5 2014, 07:01 PM)
1% for first 100k
2% for next 400k
3% thereafter
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mm.. talking about it, i think my MOT is about 35k.. lol
humms
post May 6 2014, 06:04 PM

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QUOTE(labybrad @ May 6 2014, 05:06 PM)
Is it the same stamp duty the sub sale buyer had actually paid during the sub sale purchase?
If it's the case, meaning no need to pay the stamp duty again for MOT transfer?  hmm.gif
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yes the same MOT. those who had paid during subsale transaction, when the individual title is out, you don't need to pay de.
humms
post Aug 19 2014, 07:39 PM

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QUOTE(Asali @ Aug 19 2014, 03:25 PM)
Seri Jalil is freehold btw.
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Senja (leasehold) by BRDB in Mines South Lake going for 1.95m 26x90

nowadays leasehold / freehold doesn't count much.. it's all about the location, package etc etc. i've made most of my investment returns from leasehold properties..

if just because of leasehold you want to forgo the opportunity of owning / earning something good.. too bad! i have a lot of friends who are still obsessed with freehold properties..

by the way we should start lobbying for TM to lay down their fibre optic cable for UNIFI in Reed.. knowing YTL they'll surely push YES to us like how they did with dale..

we should start the petition right now.. wondering if we have any preliminary buyers' association right now?

This post has been edited by humms: Aug 19 2014, 07:43 PM
humms
post Aug 19 2014, 09:06 PM

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[quote=bigman,Aug 19 2014, 07:51 PM]
[quoex,Aug 19 2014, 07:39 PM]
Senja (leasehold) by BRDB in Mines South Lake going for 1.95m 26x90

nowadays leasehold / freehold doesn't count much.. it's all about the location, package etc etc. i've made most of my investment returns from leasehold properties..

if just because of leasehold you want to forgo the opportunity of owning / earning something good.. too bad! i have a lot of friends who are still obsessed with freehold properties..

by the way we should start lobbying for TM to lay down their fibre optic cable for UNIFI in Reed.. knowing YTL they'll surely push YES to us like how they did with dale..

we should start the petition right now.. wondering if we have any preliminary buyers' association right now?
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[/quote]
Buy expensive property from YTL, but later need to headace about unifi ....pity
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[/quote]

what to do! ultimately it's consumer's choice to choose what kind of service to have.. if it's on the go, yES 4g is highly recommended though! almost full coverage from KL to taiping (via PLUS highway, not sure further up north) and even in taiping itself still have 4g connection..
humms
post Aug 25 2014, 04:14 PM

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some latest pictures (as of july and 80% completion) as extracted from reed official website..looking good!

Attached Image

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Attached Image


humms
post Aug 25 2014, 05:47 PM

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QUOTE(Chris Chew @ Aug 25 2014, 05:46 PM)
The Reed sekarang apa asking price ah?

Check on behalf of my friend.
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1.6m for intermediate
humms
post Aug 25 2014, 05:58 PM

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QUOTE(Chris Chew @ Aug 25 2014, 05:55 PM)
Tq boss.

Then I just ask him to hold 1 more year.
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yeap should hold longer if you have the holding power.. can foresee prices will appreciate further even though market sentiment isn't that good now..
humms
post Aug 26 2014, 09:24 AM

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QUOTE(cheahcw2003 @ Aug 26 2014, 12:18 AM)
Plan to rent it out? got rental demand?
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for me it's for own stay.. family growing bigger!

i know grove semi-d rental is asking for 6k - 8k with an estimated rental return of only 2.5% based on 3.2m.. dale and phase 1 rental going at 2.5k

so if you plan to rent out your reed, shouldn't be a problem finding tenant but you may need to accept lower return at 2.5% - 3%, if based on 1.6m for intermediate, should be about 3.3k - 4k per month rental

so far i know quite a number of tenants renting at dale and phase 1, including some foreign expats choosing to stay in lake fields
humms
post Aug 27 2014, 09:24 AM

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QUOTE(cheahcw2003 @ Aug 26 2014, 08:18 PM)
Looking to rent at 3.5k.
Hope to have takers.
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that's quite a good asking rental there..

my relative is an agent, and she said quite a few viewings done for expats looking to rent grove.. i think 3.5k is achievable.. the only problem is availability of unifi
humms
post Aug 27 2014, 09:27 AM

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QUOTE(jinxiang @ Aug 26 2014, 10:40 PM)
Last transacted 1.42 or 1.43.

Many asking for 1.6 but never heard of any transaction.

If for intermediate, no hurry to buy. There will be plenty of choices when the investors get their keys and start to lelong. At least 50% of the buyers are investors. Not many buyers will buy a >1m house by just looking at the house model.

Of course, there are mixed opinions of whether the price will go up or not. Sellers will prefer optimistic opinions, for sure.

GST may push up the property (1st hand) price, if the market remains strong.

However, if economy turn weak, most buyers will wait and see. Developers have been making too good profit for the past 5 years. Many have started to slow down their launches. They may build lower end houses when the economy is down, or lower their profit margin. So, not necessary the new house price will be higher. No developer will build something they know can't sell (my 2cent opinion).

So, if the market goes down, those who can't hold, will lelong. Those who can hold, will continue to hold until market recovers.

For any investment, if it hits your targeted profit margin, it is time to let go and gain it, especially if your holding power is not strong. Of course, if you can hold for 3-5 years, I believe it will still double of what you bought 2 years back. But will you leave the house empty for that long?

Personal opinion, REED's layout is much better than Dale. However, the house design is BAD. Especially the end / corner lot. Staircase built at the side of the opening wall (i.e., not the side of the neighboring wall). Can't do extension at all unless you hack off the staircase (not possible). Spoil the entire purpose of having an end / corner lot. Those who have viewed the end lot will know what I mean.

Some end lot owners asking for 2.2m. I seriously doubt anyone will pay extra 700k (2.2-1.5) for mere 10ft land. If that's the case, I rather top up another 400k to buy Grove.

So my guess is, after VP, intermediate will go between 1.45 - 1.6m. End lot 1.8 - 2.0m If economy turn bad, 5-10% lower. If property market still hot (is it?), then intermediate 1.8 and end lot 2.2 are still possible, provided if you get the right buyers. Those who buy, will be for own stay then.
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i think grove units now asking for at least 3.2m and facing lake units asking 3.6m! that's crazy prices.. i remember the launching prices started from 1.8m and facing lake units only 2.5m! talking about bargain lol

and my loan officer kawan told me he's doing a loan submission for a customer buying dale intermediate, jln tasik damai 1 for 1.3m! so i think reed 1.4m is a bit too low.. my close friend who didn't manage to ballot a unit wanted so badly to purchase a unit and some owners are not even budging with the 1.6m asking price..

yes market is taking the wait and see approach and all players including investors are feeling it right now.. coupled with rising BLR rates.. (another 25 basis point coming by end of the year i think).. nevertheless having that said, good properties in good locations will fare better than those shoebox high rise hybrid (hear SOHO) developments..

there will always be bargain to look out for even in the best and highest end properties.. you just need to search and be patient..

and about the "bad" design for end/corner reed units.. it's because it's a GNG stratified landed development, YTL didn't want the owners to simply extend the sides of the houses hence the awkward placement of the staircase. i think the owners or the ID people will have very ingenious ways to go around it!

This post has been edited by humms: Aug 27 2014, 09:36 AM
humms
post Aug 29 2014, 11:35 AM

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QUOTE(graywilird @ Aug 29 2014, 11:17 AM)
fuyo~! i went there last night i saw CIMB was there!!! drool.gif  rclxms.gif
thumbup.gif
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and the traffic is heavy already!
humms
post Aug 29 2014, 11:36 AM

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QUOTE(Asali @ Aug 29 2014, 11:32 AM)
I think Reed buyers are cash rich..
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Even if you have RM1mil cash on hand you may not be able to buy Reed, because it's balloting
humms
post Aug 29 2014, 11:55 AM

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QUOTE(Asali @ Aug 29 2014, 11:51 AM)
I want to buy but nobody want to let go!
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wait for it to complete first lah.. another 8 more months to go only.. for sure there will be quite a lot for sale..

This post has been edited by humms: Aug 29 2014, 11:55 AM
humms
post Aug 29 2014, 04:04 PM

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QUOTE(graywilird @ Aug 29 2014, 02:20 PM)
how about grove? can do extension? my friend plan become 2 in 1!
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i think internal renovations should be fine, including removing internal party walls to provide lateral access as in "2 units occupied as 1 single unit"..

only external extensions would be a problem as rightly pointed out, it's a landed stratified property. however, there will always be people renovating as they please regardless of law and DMC

if i remember correctly, there are a few clauses in the DMC for reed where extensions need approval from the JMB / MC

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