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

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pekanmy
post May 12 2013, 06:46 AM

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QUOTE(Alvinyeo @ May 11 2013, 10:46 PM)
Flora issued strata title ad ? I got letter the developer has issue. Any confirmation ?
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What are you saying? rclxub.gif


QUOTE(Alvinyeo @ May 11 2013, 10:47 PM)
Not you only bro. i bought few units at there and none still my name at the management, keep saying developer no update them.

Developer is MK land so i don't find strange.
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It happened to me too. I call Saujana Triangle SB and talked to the person in charge. The procedure is very simple and a letter of instruction was issued to my lawyer My lawyer in the beginning of the transaction.It only take less than a week for Saujana to issue a letter of confirmation of transaction after received all the documents needed and a day for Flora management to update it.

Hope you get it done quickly and can participate in making Flora a better place to stay and making more $$$ for you smile.gif

This post has been edited by pekanmy: May 12 2013, 06:50 AM
KLsooner
post May 12 2013, 10:46 AM

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QUOTE(elfness @ May 11 2013, 10:55 PM)
Hi, just want to do some comparison.
flora damansara and lagoon perdana are in the same category.
im thinking to invest an unit on either 1.
which 1 is better? in terms of
-location
- target tenant
- future capital appreciation
Thanks
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Persoanlly I like Flora better mainly because of surrounding development. It is "the" only low cost development surrounded by many upbeat projects.
Target tenants should be working class or foreigners working in the curve and future empire city.
This type of apaprtment hardly get any appreciation over time. Purely for low rental play only.
elfness
post May 12 2013, 05:31 PM

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QUOTE(KLsooner @ May 12 2013, 10:46 AM)
Persoanlly I like Flora better mainly because of surrounding development. It is "the" only low cost development surrounded by many upbeat projects.
Target tenants should be working class or foreigners working in the curve and future empire city.
This type of apaprtment hardly get any appreciation over time. Purely for low rental play only.
*
Thank you very much for your reply.
have you vested in flora damansara?
chester816
post May 13 2013, 03:16 PM

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QUOTE(Alvinyeo @ May 11 2013, 10:47 PM)
Not you only bro. i bought few units at there and none still my name at the management, keep saying developer no update them.

Developer is MK land so i don't find strange.
*
Been push lawyer to do it for me, but lawyer also called up to developer and management,
end up until today, is still under previous owner name. management said will check for me and drags days.

yes, potential condo, but between developer and management is difficulty communicate. doh.gif
pekanmy
post May 13 2013, 06:15 PM

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QUOTE(chester816 @ May 13 2013, 03:16 PM)
Been push lawyer to do it for me, but lawyer also called up to developer and management,
end up until today, is still under previous owner name. management said will check for me and drags days.

yes, potential condo, but between developer and management is difficulty communicate.  doh.gif
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Don't always believe the lawyer. cool2.gif

Try call the developer, Saujana Triangle Sdn Bhd. around 10:15am, ask for Ms Azreen or who ever in-charge of Flora Damansara. Get the latest progress of the transaction from her. Usually the lawyer didn't get the Clearance Letter from the management which is needed by the developer.

These are the documents require by the developer;

1. IC PURCHASER
2. DATASHEET PURCHASER
3. STAMPED COPY SALE & PURCHASE AGREEMENT
4. STAMPED COPY DEED OF ASSIGNMENT ( BY WAY OF TRANSFER)
5. STAMPED COPY DEED OF RECEIPT & REASSIGNMENT
6. PREVIOUS LETTER UNDERTAKING BETWEEN OWNER & OLD FINANCIER
7. CLEARANCE LETTER FROM JMB/Management

You can do this online like what i did. Make all the outstanding payment to the management, email them the transaction/bank-slip and request for the Clearance Letter to be email to you and cc to Azreen. Call them to check their email about the payment, tell them Mr. Yeo of JMC ask you to do so. lastly cc the email to your lawyer and ask them to forward the rest of the documents needed by Ms Azreen.

This post has been edited by pekanmy: May 13 2013, 06:52 PM
tsi_sam888
post May 13 2013, 08:35 PM

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QUOTE(pekanmy @ May 10 2013, 11:37 PM)
Hi Sam888,

May I know where you get the info? Are you a owner?
And to all Flora owner, WELCOME rclxms.gif
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i knew it from my fren.. he stays at metropolis.. he is into that area and he knows much bout that area as well..
johndisaster
post May 13 2013, 09:12 PM

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QUOTE(tsi_sam888 @ May 13 2013, 08:35 PM)
i knew it from my fren.. he stays at metropolis.. he is into that area and he knows much bout that area as well..
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If its true, then it will be indeed a good news to that area
richsense
post May 13 2013, 10:44 PM

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Have the owner in here experience high water bill? My tenant told me that they started to receive high water bill past 4 months until now. The mgmt concluded that it maybe because of leaking somewhere inside the cement. Is this possible to happen? Because I couldn't see any leaking from between the tiles anywhere except for broken pipe knob in the master bedroom toilet. Any expert can give advise here?

This post has been edited by richsense: May 13 2013, 10:46 PM
chester816
post May 14 2013, 12:25 AM

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QUOTE(pekanmy @ May 13 2013, 06:15 PM)
Don't always believe the lawyer. cool2.gif

Try call the developer, Saujana Triangle Sdn Bhd. around 10:15am, ask for Ms Azreen or who ever in-charge of Flora Damansara. Get the latest progress of the transaction from her. Usually the lawyer didn't get the Clearance Letter from the management which is needed by the developer.

These are the documents require by the developer;

1.    IC PURCHASER
2.    DATASHEET PURCHASER
3.    STAMPED COPY SALE & PURCHASE AGREEMENT
4.    STAMPED COPY DEED OF ASSIGNMENT ( BY WAY OF TRANSFER)
5.    STAMPED COPY DEED OF RECEIPT & REASSIGNMENT
6.    PREVIOUS LETTER UNDERTAKING BETWEEN OWNER & OLD FINANCIER
7.    CLEARANCE LETTER FROM JMB/Management

You can do this online like what i did. Make all the outstanding payment to the management, email them the transaction/bank-slip and request for the Clearance Letter to be email to you and cc to Azreen. Call them to check their email about the payment, tell them Mr. Yeo of JMC ask you to do so. lastly cc the email to your lawyer and ask them to forward the rest of the documents needed by Ms Azreen.
*
So are you Mr.Yeo from JMC?
Appreciated of your clear instruction for us and hopefully it might helps.
I will do it by tomorrow morning, and i believe that Saujana Triangle details as below:

Saujana Triangle Sdn Bhd
No. 1, Jalan PJU 8/1, Perdana Business Centre, Damansara Perdana, Petaling Jaya, 47820 Selangor 47810‎

Phone is whether 03-7727 8728 or 03-7722 1000 or 03-77291133 ???

I will post the latest news here and update you guys. cheer! icon_rolleyes.gif

This post has been edited by chester816: May 14 2013, 12:27 AM
pekanmy
post May 14 2013, 07:58 AM

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QUOTE(richsense @ May 13 2013, 10:44 PM)
Have the owner in here experience high water bill? My tenant told me that they started to receive high water bill past 4 months until now. The mgmt concluded that it maybe because of leaking somewhere inside the cement. Is this possible to happen? Because I couldn't see any leaking from between the tiles anywhere except for broken pipe knob in the master bedroom toilet. Any expert can give advise here?
*
Off all the water inside your unit and than check your water meter outside. If the meter move, than there is leak. cry.gif
richsense
post May 14 2013, 12:14 PM

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Okay. Never thought about that. Anyway, I have checked the water bill trend since 2011 it is almost the same. Maybe increase around RM10. Very strange how they can say there is leaking in my apt. Anyway I will slow talk with my tenant regarding this. Thanks pekanmy for your suggestion.
SpeechLess11
post May 14 2013, 01:07 PM

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Hi, mind clarify more about the blok e compare with blok f & h?

as post earlier mentioning:
blok e = medium low apartment
blok f & h = medium apartment

what is the launching price for this 2 type? the selling price for block e is cheaper 30k compare to blok f & h...mind elaborate more?

KLsooner
post May 14 2013, 03:01 PM

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QUOTE(elfness @ May 12 2013, 05:31 PM)
Thank you very much for your reply.
have you vested in flora damansara?
*
Visited last year thought to invest and rent it out to foreign workers before one Malay lady got slaugthered to death. Say bye bye after that incident cause dont want to find corpse in my unit.

Many people told me not to invest including my friend who owned a shop unit there but the price is cheap and if rent to foreign workers can get better rental.

owners there should be happy I backed off, if not may be foreigner there increase. rclxms.gif

This post has been edited by KLsooner: May 14 2013, 03:02 PM
Alvinyeo
post May 14 2013, 03:06 PM

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QUOTE(KLsooner @ May 14 2013, 03:01 PM)
Visited last year thought to invest and rent it out to foreign workers before one Malay lady got slaugthered to death. Say bye bye after that incident cause dont want to find corpse in my unit.

Many people told me not to invest including my friend who owned a shop unit there but the price is cheap and if rent to foreign workers can get better rental.

owners there should be happy I backed off, if not may be foreigner there increase. rclxms.gif
*
Don't rent to foreigner la.

There got a lot students and working class Malaysian want to rent also what.
KLsooner
post May 14 2013, 03:12 PM

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QUOTE(pekanmy @ May 14 2013, 07:58 AM)
Off all the water inside your unit and than check your water meter outside. If the meter move, than there is leak. cry.gif
*
You probably need to wait hours to notify any movement to sense a leak if the leak is small. If meter moving, that means the leak is big normally can be notify easily. Slow leak is the one that cause problem.

check the wall if there is water wet spot, if not the water piping is ok.

check the toilet bowl to see if there is little water flowing when the water compartment is fully filled, don't underextimate this small leak as it will add up to hundreds of dollars if left unatended. If you have this problem , meaning the floating arm is not closing properly due to harden rubber block or too high to stop the water from overflow into the bowl. You can try to adjust the arm lower if it is too high or change the rubber that close the water inlet.

I used to have high water bill from my tenants (they thought this is normal, never complaint), after a simple fix, now the bill is always zero thanks to Selangor state gomen.

This post has been edited by KLsooner: May 14 2013, 03:15 PM
pekanmy
post May 14 2013, 05:26 PM

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QUOTE(SpeechLess11 @ May 14 2013, 01:07 PM)
Hi, mind clarify more about the blok e compare with blok f & h?

as post earlier mentioning:
blok e = medium low apartment
blok f & h = medium apartment

what is the launching price for this 2 type? the selling price for block e is cheaper 30k compare to blok f & h...mind elaborate more?
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Block D, E F & H is all Medium cost. Only Block D without balcony or smaller (anybody can clarify?) The rest of the blocks are the same.

Go to http://www.propwall.my/damansara_perdana/flora_damansara
pekanmy
post May 14 2013, 05:36 PM

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QUOTE(KLsooner @ May 14 2013, 03:01 PM)
Visited last year thought to invest and rent it out to foreign workers before one Malay lady got slaugthered to death. Say bye bye after that incident cause dont want to find corpse in my unit.

Many people told me not to invest including my friend who owned a shop unit there but the price is cheap and if rent to foreign workers can get better rental.

owners there should be happy I backed off, if not may be foreigner there increase. rclxms.gif
*
If you rent it to foreigner you will probably get an extra RM3k per year. But if the place without foreigner, your investment will appreciate by RM10k - RM15k a year hmm.gif
tsi_sam888
post May 14 2013, 06:18 PM

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i ever wonder, hows the condition of the low cost apartment infront of flora damansara? is it suitable to rent?? higher rental yield?
johndisaster
post May 14 2013, 07:16 PM

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QUOTE(pekanmy @ May 14 2013, 05:36 PM)
If you rent it to foreigner you will probably get an extra RM3k per year. But if the place without foreigner, your investment will appreciate by RM10k - RM15k a year hmm.gif
*
Agree... there is lots of working class ppl who would wan to rent there. So no need to go for foreigner. Have been renting to working class ppl for my unit for few yrs rclxms.gif
richsense
post May 14 2013, 10:35 PM

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QUOTE(KLsooner @ May 14 2013, 03:12 PM)
You probably need to wait hours to notify any movement to sense a leak if the leak is small. If meter moving, that means the leak is big normally can be notify easily. Slow leak is the one that cause problem.

check the wall if there is water wet spot, if not the water piping is ok.

check the toilet bowl to see if there is little water flowing when the water compartment is fully filled, don't underextimate this small leak as it will add up to hundreds of dollars if left unatended. If you have this problem , meaning the floating arm is not closing properly due to harden rubber block or too high to stop the water from overflow into the bowl. You can try to adjust the arm lower if it is too high or change the rubber that close the water inlet.

I used to have high water bill from my tenants (they thought this is normal, never complaint), after a simple fix, now the bill is always zero thanks to Selangor state gomen.
*
Ok. I will take your advise. Thanks. rclxms.gif notworthy.gif

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