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Investment My first home property investment: Flora Damansara, Advise, Feedback, & Comments?

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pekanmy
post Jun 27 2012, 02:23 AM

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QUOTE(brother love @ Jun 27 2012, 01:03 AM)
Rm180k for Flora Damansara?? Talk about being ripped off....the agent and seller must be smiling non stop....there r some future concerns and issues on the sellability but im not liable to disclose them here...some parties r trying to push up the prices and promote this place as good investment
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What are the future concerns and issues on the sellability of this place? You will be helping a lot of people by telling the truth or give your honest opinion. Sometime the truth hurts but it is better than.....er.. hit and run?

This post has been edited by pekanmy: Jun 27 2012, 02:24 AM
pekanmy
post Jun 30 2012, 04:39 PM

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QUOTE(lilac @ Jun 27 2012, 08:38 AM)
Lol. I really do find this thread amusing. It's like one whole Hong Kong drama.

Honestly, the prices RM140k (850sf) / RM180k (1080sf) is the standard prices for FD at the moment. That being said, it much easier to get loan for the RM140k (850sf) as compared to the RM180k (1080sf) as the property is valued around 140k regardless.

I think the fact that we can see growth in the past few months in FD is a good sign. I think one thing which pekanmy has been constantly bringing up is... What can we do to improve the place? and that's what we want to see as well.

Pekanmy, any idea what time and where will the AGM be? It would be nice to sit in during the AGM.
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Hi Lilac, just got confirmation from management that the AGM will be held on 15th of July at 10am in Dewan Serbaguna Flora. Hope to see you there. smile.gif

To all owner of Flora Damansara, Please attend this AGM and let your voice be heard.
pekanmy
post Jun 30 2012, 07:32 PM

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QUOTE(acbc @ Jun 30 2012, 05:51 PM)
Used to owned a unit at Block H and apart from being a Hell hole... lousy place and very unsafe to for long term. Sold it cheap, 3 years after receiving the keys.
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Sorry to hear that sad.gif Can you explain more on 'lousy and very unsafe in long term'?
pekanmy
post Jun 30 2012, 09:18 PM

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QUOTE(acbc @ Jun 30 2012, 07:52 PM)
More than 70% residents don't pay their maintenance fees and as a result, management always ran out of funds to maintain the place. Have 2-3 rape cases involving foreigners and locals. 10 cars stolen every 2-3 months. Many abandoned cars left to rot at Block C parking complex. Too many students turning the whole place into a frat house.
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Very sad to hear what have happened in Flora. You sold your unit in 2008?





pekanmy
post Jun 30 2012, 10:05 PM

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QUOTE(acbc @ Jun 30 2012, 09:36 PM)
Sold mine last March for RM 130k. Already wished the new owner good luck.
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Oh yes... from another forum. After holding it for 10 years you manage to sell it for 130K + 30K (from MK Land) - repair - bank interest + rclxub.gif stars:

Very sad indeed but thanks for sharing. By the way, do you know how much was the uncollected maintenance fee?
pekanmy
post Jul 2 2012, 01:34 PM

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QUOTE(ahbaoahbao @ Jul 2 2012, 12:55 PM)
I wonder whether it is due to pump faulty or Syabas issue (you know, recently syabas has a lot of issues on water shortage with state government...)
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Both are responsible. At first Syabas water pressure is too low than the pump KO sad.gif . The management say this happen on weekend so have to wait till today to fix the water problem once and for all (ya... I believe you shakehead.gif ...see you in the AGM vmad.gif )


Added on July 2, 2012, 1:39 pm
QUOTE(mrchipsley @ Jul 2 2012, 01:10 PM)
then i dont understand how can FD 850 square feet be sold at rm180K. I think rm130K is more likely...
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It was the 1080Sf corner unit at the second highest floor at block F with the lake view cool2.gif . I think the price now is around 185k-190k.

This post has been edited by pekanmy: Jul 2 2012, 01:39 PM
pekanmy
post Jul 2 2012, 02:44 PM

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QUOTE(HouLanSaiLei @ Jul 2 2012, 02:24 PM)
bro, what lake view u toking about now?

the water is like algae water now la

surrounding full of concrete jungle

dusty and dirty

din i post a photo earlier on about this lake?
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Oh yes... hope our friend like green lake tongue.gif .



This post has been edited by pekanmy: Jul 2 2012, 02:47 PM
pekanmy
post Jul 2 2012, 09:01 PM

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QUOTE(mrchipsley @ Jul 2 2012, 02:58 PM)
rclxm9.gif hahahahahah, only blind people will buy at rm185K to rm190K
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Glad to be able to make you laugh smile.gif . Just a few months ago, most of the forumer here and in another similar forum were laughing madly like you if any suggestion of selling the unit above 130k. Comments like; will not improve, dirty, over value, rape cases were common, car missing in astronomical number, no public transportation, very dangerous, too many poor people, bad workmanship, cheap material ........

Yes, most of them were true but the condition is getting better. With the Building and Common Property (Maintenance and Management) Act 2007 and strong JMB, it will be easier turn around Flora and make it a more desirable place to live in.

If my understanding regarding the National land code 1965, strata titles act 1985 and Common Property Act 2007 are correct, something something about big $$$ and power to the JMB/owner. Can't discuss it here....please attend the AGM and you will know. God already know. brows.gif

And Lilac, the view from your unit is nice and will be nicer once the construction is complete. So sorry to the blind man who can't see it.
user posted image
pekanmy
post Jul 3 2012, 01:56 PM

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QUOTE(puteraiman @ Jul 3 2012, 01:07 PM)
went there as my aunt's ex maid(local lady) lives there for some errands...the entrance was horrible and the atmosphere there also not good..yeah its only the block A n B so not really sure about the other blocks..but as it is located at the entrance so the JMB really need to rectify LOTS of things..if not become worse than ghetto..huhu..sorry just my honest 2 cents for 1st time visitor..the location is brilliant btw..huhu
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Yes it is very true for Block A & B. But what we discuss here is the medium cost block D, E, F & H. Sadly one have to pass through the low cost block A & B.

Luckily our rich neighbor, Forest Hill (78 units of semi D @>Rm2.8 million with club house) wanted to beautify the entrance/road to their development which is also in front of block A & B. They also propose a RM3 millions multi-storey car park so the access in front of block A & B will be 4 +1 lanes road.

This is what the propose Forest Hill entrance look like. The entrance to Block D, E, F & H is on the left side of this entrance;
user posted image

This is just a proposal from Forest Hill but the development and sale already started.
pekanmy
post Jul 3 2012, 06:27 PM

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QUOTE(mrchipsley @ Jul 3 2012, 05:21 PM)
sigh, i just dont know which part of the explanations that some of the forumers here gave you that you cant seem to understand. You try to look at your surroundings to comfort of yourself when you cant even see the inner part.
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I'm old and slow, please list the part that you think I should take note or understand. Don't just say bad or hell hole but try to elaborate a bit more. I know for sure 100% of the first owner have high hope in their investment in Flora but end up losing big $$ cry.gif . Are we going to say that they are idiots or blind or bunch of greedy investors who don't have brain to think?

Has the price gone up by -/+ 10k since last year? Sadly to say yes! Blame it on the agents or greedy owner or stupid buyer. It is not really important to me as my priority is to find ways or ideas to improve Flora. What RM1 million can do to this place?

FYI I'm not an agent cool2.gif
pekanmy
post Jul 8 2012, 11:16 PM

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QUOTE(brother love @ Jul 8 2012, 09:37 PM)
Price gone up RM10 k how much u can make.. Dojt forget the loan side side and SPA legal, stamp and valuation fees...plus, most banks impose 5 years penalty for this loan amount
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This is from propwall
Investment wise, the price of Pelangi Damansara has not escalated much in years, but its rental rate has hiked a little bit. There are too many drawbacks possessed, and some residents claimed that they rather stay at low-cost flats nearby or Flora Damansara for better living experience.

You know how much is the asking price for Pelangi? Rm300 to Rm390 prf, Flora asking price is Rm130 to Rm200 psf


Now, my new neighbor smile.gif , a 23 years old with 3k salary after doing some research (please read the first post in this forum) decided to invest in Flora. Is it a good investment? You tell me and Dern, don't ask me to ask GOD.
pekanmy
post Jul 8 2012, 11:44 PM

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QUOTE(Dern @ Jul 8 2012, 11:35 PM)
i still dont think it's a good investment to be frank. this place is dirty  unsure.gif
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Yes it is very dirty mad.gif . Will take this up in AGM, thanks.

pekanmy
post Jul 12 2012, 09:04 PM

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QUOTE(Bali ais @ Jul 12 2012, 08:35 PM)
For OCBC, can valued over RM200k for 1080sqft. And for anyone sensitive, I am not agent nor owner (yet). It's what quoted by bank. PBB value at 200k. Rest of the bank not sure.
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Hi Brother love,
Do you still work in OCBC or in bank, please enlighten us about this.
pekanmy
post Jul 12 2012, 09:24 PM

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QUOTE(Bali ais @ Jul 12 2012, 09:16 PM)
What do you mean by Brother love???
Im not working in any bank. As what I PM you before this, I'm interested in this prop. So, bank valuation just part of the homework.
Hi Bali ais, sorry for the misunderstanding. The question is forward to 'Brother love'
pekanmy
post Jul 13 2012, 08:13 PM

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QUOTE(Alvinyeo @ Jul 13 2012, 06:30 PM)
Can confirm the time and date for AGM again ?

Seriously i only know it by this forum. The management did not send email or sms stating there AGM coming this weekend.
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Hi Alvinyeo,
Our friend Lilac posted the AGM notis already la tongue.gif
user posted image

But sadly to say I will not make it as I'm still in my home town sad.gif
I think we have to have our pre AGM discussion here. Before that who can make it to the AGM on this Sunday at 10am @ Block F & H dewan.

pekanmy
post Jul 26 2012, 12:20 PM

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QUOTE(HouLanSaiLei @ Jul 26 2012, 11:58 AM)
where all the die hard FD fans like pekanmy gone after AGM?

got head shot at agm ka?

tok so much, now ppl ask for updates from agm, suddenly mia
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Hi HouLansaiLei,
As I have said in my earlier post that I cannot make it to the AGM. Will be going to KL only in September for my son convo. I am not a 'die hard FD fans' but just a owner.


This post has been edited by pekanmy: Jul 26 2012, 01:45 PM
pekanmy
post Aug 23 2012, 06:40 PM

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QUOTE(lilac @ Aug 23 2012, 11:45 AM)
hmm.. page not found. Anymore other links?
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Pls go to

http://kgmokkan.blogspot.com/2012/08/juruj...nggu-kakak.html
or
http://www.selangordaily.com/?p=5254
pekanmy
post Sep 17 2012, 02:51 PM

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QUOTE(zenwell @ Aug 24 2012, 11:04 AM)
@ pekanmy & lilac,

do you guys have any idea what was the outcome of the AGM? mind to share?
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Hi, just came back from Flora last week. Meet with the management to get some answers.

1. Water problem. - The pump at Block H was fixed. There were some piping repair at certain unit but already fixed

2. House rules. - The house rules was submitted to COB (Commissioner of Building) for approval. The house rules will include the implementation of smart card system. They will email to me once approved.

3. List of JMC and their contacts. - The list of JMC was submitted to COB (Commissioner of Building) for approval.

4. Strata Title. - Spoken to officer at PTG Selangor, was told that MK Land will do it in stages (by project) and already submitted the list to the Jabatan Perumahan Negara. From my discussion with the officer, the Flora Land parcel is still a PT, so the developer is not bound by the strata law to apply for strata title 6 months after the first unit was sold. At fist I thought MK Land have not pay the survey fee but further check found that it was already paid in full. So why the delay? Does it have to do with the low cost blocks or the road leading to Forest Hill? Will ask the JMC once I get their contacts.

5. Bus service. - Wrote to Rapid again, was told my suggestion was forward to the Route Planing Unit.

This post has been edited by pekanmy: Sep 17 2012, 02:52 PM
pekanmy
post Sep 30 2012, 01:36 PM

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QUOTE(HuiChyr @ Sep 29 2012, 06:34 AM)
Hi guys,

Just giving my 2 cents. I am a businessman dealing with repairing pumps. 2 years ago I was called to repair pump, control panel and piping problem at FD. The management requested it the last minute. Apparently, the whole block was without water for 2 days!

So we were requested to fix it the day itself. We were called in around 4.30pm. We worked until 3am to solve their problem. When we billed them, it took 4 months to pay up. Squeezing our price when job was already done and delivered.

There is a lot of problem there especially JM Committee with personal agenda. I held on to my principles and threaten to sue them. Only then they released the cheques in separate payments. Not ALL committees have personal agenda but it takes one or two to make life difficult.

So I believe for investment sake (rental collection and capital appreciation), it is still ok. But for personal occupation, the frustration is overwhelming. Good luck guys.
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Thanks a lot. We need to know this as the money spend by the JMC is our money. Pls PM me the culprit name. vmad.gif

One thing Flora lacking is the support of it's owners. Most of the owner don't even bother to know who are the committee members. We the owner should be responsible toward our own home/property by being vocal. What I mean is being vocal as a group toward the management or JMC.

My main concern now is to get the strata title out. Once we have the strata title, the JMC will be more independent and will have more power to collect the unpaid maintenance fee.

once again, thank HuiChyrm for the info.
pekanmy
post Nov 7 2012, 01:48 PM

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QUOTE(tikaram @ Nov 7 2012, 11:58 AM)
oh..........

so conclusion is rock blasting won't affect nearby building?

I was told nearby DP got one building many crack due to the rock blasting.

I can't write the name of the building. Can get lawyer letter.

If you have drinking buddy @ ecoba. You ask them/ the waiter which building la.

That's why i sold my ED even with lesser sum.
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@ ecoba - a great place to get the latest information tongue.gif


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