hihi
only can say...i scare to come out from mahkota during morning.....hihi u can try it wit a day with leave...hihi go and try is better than we talk..

for iresident... another reason is.... the landed there also sell 400++..... and ires also bout there... that y.,,, i not so keen...just my personal view ya...and for utar....it may move out and get know that the student is now lesser and lesser compare wt previous lo

If you work in kl, both of this condo also will face traffic jam route on peak hours . Balakong condo , sound not good. Cheras selatan condo sound better la

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Added on July 21, 2012, 3:33 pmBalakong or taming landed price more lower..balakong property price is not appreciate as I seen.tmn Taming and tmn ehsan the price there not up so much from ori price

This post has been edited by danielisme: Jul 21 2012, 03:33 PM

left 20 units. no dibs

few days ago heard from an SA that UTAR is not coming out to BMC. all the UTAR will be consolidated inside Sg. Long. not sure true or not.
iresidence is near to BMC Jusco and surrounding by residential area. somemore some units can view golf course... become wu lui lang....

but dont forget in front of iresidence, there is a land belong to lion group, which you dont know what will be build next time...

and iresidence maintenance fee is 0.25 sqft lo....
plus no 10% discount lo...

jusco Cheras Selatan more happening lo... .got cinema ma...

as for traffic, BMC is jam whether thru Sg. Long or BMC main entrance...
but there is a proposed road going to Ampang later thru Cheras Vista behind...

new condo going out from Bt 11 Pekan is jam, but heading to the Mines, still not so jam at this moment... who knows in the future?

jusco cheras selatan got cinema meh?

yes, ada

TGV

Jusco Cheras selatan is bigger and of course should be more happening. I stayed in Sg Long but hardly go to Mahkota Jusco due to the size of it

This one is apartment without facilities not condo .

without facilities? not even a swimming pool?

Which project is not condo? U mean this project?

I think daniel mistakenly think this project is suria.
Both develop by same developer.

Suria residence apartment in Bandar Mahkota Cheras. Price around RM210 to 220 psft for a nine storey high apartment. Yes, no swimming pool no gym room. maintenance only rm 0.14psft.

Im living in an apartment with gym and swimming pool facilities for rm0.18psft. but i hardly use them says 3 times a year. what a waste. Btw, sharing with iranian tenants for those facilities also nitemare.

Suria residence good for own stay or future investment. Because its offers 10% discount, 2 covered car park, bigger layout like 1250ft2 and free 1 year maintenance. With in 2 to 3 years time for its completion, a lot will come grab because its next to JJ and matured commercial zone. Imagine, after 3 years, im letting go the unit for rm 320k for a 1250ft2 new unit apartment, people will grab this or choose those 10 years old terrace house 20 x 65 selling at rm 550k? If they grab for 320k, means i earn a profit for at least 50k in less than 2-3 years time from now with no deposit paid, just serving the installment (partly) says rm18k + rm6k legal fee.

Pro and cons for each new property investment nowaday. Affordable price tag but near to a sewerage treatment plant.

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Added on July 23, 2012, 10:33 amyup, just got lifts, security, landscape, mgt office, cleaning service, rubbish collection, common infra but all cost about rm0.14psft. Why paying more if you dont think u will use them frequently

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Added on July 23, 2012, 10:36 amFor this 2 places, people there dont sell for investment, 90% are for own stay. Semi D selling from rm700k now, venture heights near impian ehsan selling now for rm650k from its new price rm420k for a 20 x 70 2 1/2 storey terrace.

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Added on July 23, 2012, 10:38 amweird, haha

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Added on July 23, 2012, 10:48 amyup. iresidence will sounds better. but of course price is different much. iresidence still will facing the traffic jam issue. For UTAR student, i dont think they will prefer expensive rental for iresidence later. Those landed 20x65 terrace rental still cheap cheap. Anyway, its a UTAR, not Taylor highend education centre.

Iresidence is the first condo (residential) concept in BMC and sg long. Investment wise is positive. But surround area still consider medium end property.

The new balakong also the first condo (residential + commercial) concept in balakong. Bear in mind, the window in the park by SDB just few stone from this balakong condo. Means its actually will soon surround by medium high or high end property soon. Lake Valley by UDA also just 5km away. high end stuffs. Laville terrace and semi D just completed also few stones away. Yup, set back is the old cemetery and facing highway. but its offer affordable price now. Try to get the same in Kuchai lama or old klang road, minimum starting rm380psft. That is 2-3 years price.

As i says, pro for balakong condo is downstair got retail unit and office unit. Iresidence don have.

Iresidence is perfect for those who missed the deal for this Balakong condo.

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Added on July 23, 2012, 10:50 amSuria Residence is by Suria Land Development

New Condo @ balakong is by Cheras Hong Soon Development

Iresidence is by Myproperty Builder Sdn Bhd

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Added on July 23, 2012, 10:52 amFacing terrace units when release?

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Added on July 23, 2012, 11:01 amAll taikors who booked a unit here.

If the developer says loan can go apply and prepare for SNP. Better take note on this.

Althought we got 10% discount, means after signed S&P no need to fork out the 1st 10%, but the 1st billing on completion of earthworks, says 10% will be bill by developer to your bank accordingly. make sure banks aware as late payment will penalty late interest charge.

This post has been edited by peri peri: Jul 23 2012, 11:01 AM

Bro, I still don't quite get it. Can explain a little bit more? How to make the bank aware? You mean we need to let the bank know that we got 10% discount from the developer? Thx ya

hi bro, any discount or rebate given by developer actually cannot disclose to bank. Later affecting their valuation during processing of loan. But nowaday internet so advance, just few clicks they already knows what is going on. Any rebate and discount is prohibited by housing authority. Because they do not promote speculation price.

But any how. The bank will need no to know about ur rebate. Because the 10% rebate is between u and the developer to be offset during signing of S&P. The bank only provide you the 90% loan amount on S&P price but not the after discount price. Means win win solution for u and developer. Developer can speculate their remaining unit in future and u get is virtually 100% on loan amount.

But some bank very slow in disbursement of payment to developer according to bill. but 1 thing for sure, once u signed the S&P, the developer will issue the 1st bill on earthwork, says 10%. If bank delay the 10% payment, interest is bear by u to developer. Thats why, choosing the right bank is important.

wow. very clear explanation.. appreciated.. thx peri kor

Peri

You seemed to be very familiar with the new condo @ balakong @ cheras selatan area.
I've been to the construction site and know its near jusco, highway & future lrt (which is good enough for me + low entry costs)....definitely not aware of all those things you mention...thanks again

To those who booked units here...
I recall the SA said that he will assist us to get loans...i am just wondering if your SA said the something similar....
The SA told me once they get AP, they can assist us with loans, S&P (bear by developer)....the most we need to spend is another Rm200-300 for misc....
If the end financiers are providing competitive rates, would it be better to follow their recommendations.
Perhaps once the AP got approved, we can post the rates that each banks are giving out so we can do comparison

Hi WChinwai kor,

This is your fisrt unit? haha, no such thing they will assist u on loan. the only thing they can do is help u duplicate ur document and send to developer panel banks for loan offer. Those SA just wants their 2% commission from developer.

Ok, lets have a case study on how much u need to pay each year until complete in 3 years time.

u bought a unit at rm 370k before 10% discount.

U loan from bank for 90% of 370k for 35 years. with BLR -2.4%, estimate each month u need to pay rm 1500 provided if the loan amount all disburse to developer 1 shot. This only applicable to completed unit. But for new launch like this, estimated 1st year every month pays rm500-600, 2nd years every month 1000-1200 and 3rd years every month 1300 to 1500. Because no DIBS, those interest are much much higher for the 1st 10 years.

Although SPA is free, u still need to pay for legal loan fee + Stamp duty. Estimated before discount for these service is rm 10k. U can always ask ur bank to include this to ur loan finance. but bear in mind, interest is high for the 1st 10 years

For disbursement upon completion, u need to pay for the TNB and syabas deposit, and other misc fee. Estimated to ready rm3k for that.

As conclusion.

Serving installment for the 1st 3 years is around = rm35,000

legal fee + stamp duty = rm 10k

disbursement fee = rm 3k

legal fee for MOT(strada title) = rm 5k

Reno fee + fittings + furnitures = not included yet

So, be careful and plan your finance ahead.

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Added on July 23, 2012, 2:16 pmAll taikors here with 2nd or 3rd property, better start plan your eligible of loan. not sure 70% LTV for resident or 85% LTV for commercial. The SA said this land is under residential, but how come got retail outlet and office?

Anyone can call Ms Koh from Cheras Hoong Soon Development to confirm this? If 85% still ok. but 70% is abit off.

This post has been edited by peri peri: Jul 23 2012, 02:30 PM

Peri,
Thanks for the advise and i really appreciate the information you provided

no problem, we all share and learn

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Added on July 23, 2012, 4:36 pm

Target new condo and apartment around balakong and mahkota which near to future MRT

Suria Residence @ BMC by Suria Land Development

Iresidence @ BMC by Myproperty Builder

Natur apartment @ Tun Hussien Onn by Suria Land Development

The Window in The Park @ Tun Hussien Onn by Selangor Dredging Berhad

New Condo @ Balakong by Cheras Hong Soon Development

Good Luck

This post has been edited by peri peri: Jul 23 2012, 04:36 PM