Working for about a year full time now, my salary has finally reached RM3,000.00. Minus away EPF, and Tax and I'm left with RM2625 and after paying for my car loan, I'm only left with RM2000. It may not be much but I wanted to start somewhere knowing that my parents first bought their property at Damansara Utama at RM130,000 and now has a sale value of RM700,000. It was not about making money out of it (although if I could it would be good!) but I wanted to buy a property before it goes any higher!



Being under Budget
First up was the Budget I had. Looking at my current situation I could only afford a RM800-1000 loan at most and at that rate I could only get a property at most RM200,000. Viewing a whole lot of properties ranging from Sungai Buluh to Ara Damansara, I wanted something located in Petaling Jaya for the sake that it was closer to home and well... shopping malls. I finally spotted Flora Damansara.

The Flora Damansara Experience
I remember taking a drive there the first time without contacting any property agents to view any units. I enjoyed the drive in until lorries and holes started appearing around the construction areas. As I reached the Flora Damansara entrance, it's sign was covered with shrubs and cars were parked scattered all around! Reaching Block A, I remember telling myself "This is crap! I'm out of here!" and quickly drove off at the end of Block C.

I left disappointed with what I thought to be prime land in Petaling Jaya.

Not being able to find any other properties in that area within my budget, I did my study more on Flora Damansara. Dang! It seemed like a hell hole! With water and electricity being cut, foreigners playground and worse of all I had to google "Flora Damansara Ghost" which lead me to a post in Lowyat.net claiming that Block E & F has ghost sightings after 11pm. Crap.

Despite all that "Crap" I decided to call a property agent and check out a unit. That brought me for the very first time up to Block F & H where I immediately notice a change in atmosphere. It was not as rowdy as the Block A, B, and C but was definitely not heavenly. It felt very much more Kampung-Homey feel. The small mini-market at the bottom of Flora Damansara gave me a little pinch of my childhood as I purchased a "Ice Cream Potong" from them. I told myself "It's not so bad..." despite the horrible double-parking, vandalized wall, stolen life buttons and broken CCTVs.

What really changed my mind was after getting out of the lift at the 22nd floor. Wow! What a view! It was breezy and the view was amazing! Put together with a dizzling weather, I could have thought I went up a trip to Frasers Hill!

I got into a 850sf unit and I loved the layout as it was long and seem spacious! What I loved most about it was the morning sun view coming up on top of the mountains it faced and the amazing night view of the highway.

I decided to buy a unit there.



The Bad
I met a couple from Penang there of which was very friendly. I asked them about the security in the area and they told me their concerns:-

1) Lots of foreigners
A lot of Africans stay there and their lifestyle does not seem to fit that well with us Asians. On my part, I've met both good and bad Africans, but my personal tipping point would be when I had an experience where I was nearly run down by a drunk African few years back. Not that I would like to generalize, but I just feel safer around Malaysians you can say.



2) Poorer Residence
As quoted "There a lot of people who steal things here", and I could see that very clearly. From grills, to elevator buttons to even pipes! This raised a security alarm in my head. I even viewed a home with 14 students living in a 850sf unit. Dang!

3) Poor built quality
I think MK Land contractors must really be having a lot of fun building this place just to see the awkward faces of the home buyers. The tiles were poorly made in Block F, while Block H higher floors where much better made as compared to the lower floor. There seem to be not much of a consistency between each unit built and I would highly encourage you to view the unit inside out before deciding on the purchase.



4) Bad History
Being made famous over the number of issues where waters were cut due to the management not paying the bill. Same goes with electricity. Honestly... who would want to climb up 24 flights of stairs to reach their home at night without electric! I know I would not!


The Better
The couple also mentioned to me "We like it here. It's not like the outside where it's busy and stressful, it's simple here!"

1) Stores at the bottom
I enjoyed my Ice Cream Potong! The stores at the bottom gave me a sense of community where people would go down there despite race or class. There restaurants, laundry, mechanics, cyber cafes, mini marts and even tailors down there which almost guarantees you not needing to leave Flora Damansara.

2) Friendly residence
Other than having a lot of students and foreigners there, the people and families living there are truly friendly. As mentioned, there is this sense of community there which you can rarely find in cities.

3) Cheap
Where on frigging Petaling Jaya can you find a property going from RM160,000 (850sf) - RM200,000 (1080sf)!?

4) New Management
After all the bad press Flora Damansara has been getting throughout the years, Flora Damansara now has a new management which committees are mainly residence of Flora Damansara themselves. It's good to hear that the swimming pool will be back in usable condition in a month or two and that action to better the place is slowly but gradually starting to take place.

5) Location
Once more, where on frigging Petaling Jaya can you find a property at this price and just a 5min drive from The Curve, Ikano, Tesco, and 1Utama? Plus! Put together an astonishing view at night!

5) The Amazing View
I shall attempt not to repeat myself but Flora Damansara really does have an amazing view. At Block H, you can literary see Genting at night. At Block F, you get to see 1 Utama and The Curve which promises a beautiful New Year's Eve.



The Future
I think one of my biggest concerns was the future of this place and would I end up losing money in the first property I've decided to invest in. I did some homework or at least what I assume to be right.

Good to know that Flora Damansara will be getting 3 new multistory car parks and a beautification at Block A, B and C due to the projects in the neighbourhood. I sure hope this is will be maintained once completed.



1) Empire City & Empire Damansara
Once more Damansara's name poised to bring in giants. Two major Empires will be moving in beside Flora Damansara.

2) Forest Hill Damansara
Semi-D's and Banglos starting at the price of RM2mil to 3mil has started being developed at the end of Flora Damansara (after Block C where it has been walled off). I believe this has pushed the facelift to be made so that Forest Hill Damansara would have a proper road to enter instead of a pile of double parked cars.

3) Taylors Lakeside
Mainly said as rumours that Taylor may be building a lakeside campus once more at the pond beside Block F, this could pose as a good source of rental if more "higher end" students start moving in.





I know this is a very long write up. Took me a good 45min to write this, but to summarize this all, I guess my question here would be -


What are your thoughts in investing in Flora Damansara?
Is there a future for this place?

Being my first property purchase, it would be great if any Sifu could help give me some feedback or comments. Hence... here's my cry for help. HELP!!!

This post has been edited by lilac: Jan 27 2013, 07:36 PM

wow very detail. made me interested as well

maintenance of high rises is VERY important for value-keeping to the least.
IMHO, i don't see why walk-up apartments in BSD won't be more expensive than flora in the next 5-10 years.

sad to disappoint u, but the truth is this entire place is like a hustler town.

y?

1. too many units, i cant rem the figure but while passing the 1.60 ldp toll, u look at it, it scares u.

2. no seperation for low cost i.e. block a & b, low-medium cost block d & e and med cost f,g & h. only 1 road leading up and down. road condition like 'kau sai' forever.

3. Never ending water disruption.

4.

5......

list goes on. U been there, you should know

doesnt matter whats coming up around it, empire? pjtc? crest builder? altium? this project is at the far end of all these developments.

argument - for rental? yes - possible rm 750 - 800 for empty 850sf medium cost apt.

for cap appreciation? developer selling $ was 118k (with 1 carpark) back in 2000. 850sf med cost apt. now bank only gives valuation for 130k. 12k over 12yrs.. go figure

taylor ar? i got news that its not taylor though and you might be surprise what it is

How can the sale value be 700k now? -,-!!

700k is for his parents property la at D.U.

affordability wise ok. location good.
investment for rental yield perhaps, capital appreciation i doubt it will be significant.
buying for own stay is a big no.

i like your review, can consider starting a blog and do similar reviews for other condos in KV.

Where u get the news Taylor's will be here
If yes, next time got good rental

Googled and found this:
http://www.horlic.com/taylors-university-n...iara-damansara/

I love this review.

It's not about sharing how you bought The Troika at the age 18 with some help from your rich parents. This is about how you came to realisation that buying property should start early and will be a stepping stone to work your way up.

Some here who has countless properties in KLCC and Bukit Bintang will baulk upon seeing the condo condition. But I totally get what you are trying to convey. Even many in your position of monthly income wouldn't bother to think like you did. Kudos.

Keep it up bro!

This post has been edited by my44: May 15 2012, 01:56 PM

May I ask 130k 850sq feet more details please?
Car parks, furnishing, rental

But price ok to me

Good price for Flora Damansara.

well done lilac. good to know u went to that place, view the unit and get to know the details of the area and prop. kudos to u. as many taiko here will say. few issue with Flora Damansara which i dun wan to repeat it from other taiko point of view.

since u like something nearby, why not consider some other condo nearby. maybe Ritz Perdana 1 or maybe a bit further, Plaza Medan Putra which is located in Manjalara. no doubt u need to pay RM 1.6 toll but the toll is not there forever. you might need to do more research and not limit to 1 particular area. sometimes you'll find something better.

anyway, keep up the good work.

it is still a news, seriously. dont be like those cases (as usual people are people being greedy) where they expect things like LRT got go through those places but in the end didnt, ending up the people cant sell out, in fact got loses)

I am not very familiar with this areas but when i try to put "flora damansara " in iproperty. I saw very long list sales listing.

If so many people wanted to sell it. Can I say no no buy?

who is gonna do a review for Venice Hill now?

130k is for the med cost blocks i.e. e, f & h.

try to go for block h as its the newest block.

what u get is bare 850sf unit and 1 covered carpark. 2+1r 2b

expect rental to be between 700 to 800, depending on level, condition and etc.

gd luck!

This post has been edited by runflat: May 15 2012, 02:31 PM

There's nothing close to Flora price within the radius of 50km (except Lagoon Perdana). Rits Perdana 1, Plaza Medan Putra are all above 200k.

For people from lower income group looking for a property, I guess that's the only choice.

Investor point of view:
- it is the benchmark for cheapest property in PJ, the next cheapest property is above 200k
- easy to rent out with 6-7% return (basic unit)
- close to major highways, shopping malls
- Bank value RM160,000.00

Just a share of tots!

This post has been edited by simply red: May 15 2012, 02:59 PM

Thanks rachel_xxx! Good to hear that my write up gave you some interest

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Added on May 15, 2012, 10:54 pmMaintenance is really an issue here in Flora Damansara tho. I really do hope they buck up.


You're right. Actually I've checked out some BSD areas as well. Some slightly over my budget as well.. and by the looks of it BSD could really grow at the rate they are putting the title "Damansara" everywhere.

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Added on May 15, 2012, 10:56 pmDo correct me if I'm wrong but Forest Hill Damansara will be behind Flora Damansara. Hence they are currently forcing to build a better entrance for Flora Damansara. Once more... I can't say if it'd be maintained or even be there but I'll keep my fingers crossed

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Added on May 15, 2012, 10:56 pmThanks Sikit2JadiBukit, I sure hope this prop goes well. I'll have to live on a tight budget this coming year after the purchase.

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Added on May 15, 2012, 10:58 pmAhh.. as I PMed you earlier as well. Thanks for informing that Empire also bought the land to build a new high end condo. At the same time, I heard that kinda before the Taylors stories came about. I'm honestly do not know which is true, but either way... It's good to know at least there are some development there.

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Added on May 15, 2012, 10:59 pmYes, it was from an article in The Sun.

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Added on May 15, 2012, 11:01 pmThanks man! I'm sure it's not much but it's all I can afford

This post has been edited by lilac: May 15 2012, 11:01 PM

Great people have same mind with me on seeing Flora's potential.

I myself grab 4 units there.

Rented 3 and selling 1.

Hoping after Empire City completed, the price can go up.

Also if you want to view my unit, let me know.

I'm meeting Flora's owner to make it livable place.

This post has been edited by Alvinyeo: May 16 2012, 12:07 AM

nope, bank value can always differ. it's best to seek property vakluer. why ? because sometimes, some banks who wanted to get business they will simply put in the value of the property(added : simply put in the value here refers to get the value from property valuer party which they have connection with, so more easier to put higher price), hence siding the value that the owner want to sell, which is not the real worthiness of that property. Go to property valuer as they have the data of real transactions. the real price is rm130K, rm160K is the price for the next 2 years....trust me. the property valuer also factor a lot of common issue in the prices(like number of foreigners, amenities efficiency, availability of public transport, accessibility to this apartment and so on), so if you do happen to go and buy from certain banks, usually the branch, then the value is not correct or OVER VALUE. Check from a independent party, it will help.

remember, do you check and VISIT THE PLACE !

This post has been edited by mrchipsley: May 16 2012, 12:50 AM

To side track, nothing to do with Flora. Just about bank process. Branch can't do valuation, bank don't do valuation too. The Loan Dept will either get Valuer to advise the market value or use similar tranx to get Open Market Value (OMV). However diff valuer quotes diff amount too, some can have diff of 10%-15% depends on your luck

eerrr, which sentence did i say bank do valuation ? READ PROPERLY!

ok la I blur, chill bro

anyway, when you buy, you must fight for rm130K because this is the CURRENT price, and if you visit the place, you can know why.

No la I am not buying because its a mixed dev area where they have Low Cost, Not So Low Cost, & Mid Cost Apartment.

actually, both the low cost & middle cost development are in same area. it's not logic at all to even consider selling rm160K when the low cost beside it is selling like less than rm50K. and since both are in the same compound, so obviously there will be theft in the low cost apt, and obviously the thieves will also "prefer" to go to steal in middle cost apt. so, this leads to insecurity in the middle apt as well. Besides, the low cost rental is so affordable that nigerians, banglas, indons will definitely rent there. this again will change the population of flora damansara.

and to make it worst, water cuts & electricity cuts are still on-going. im really not sure if the electricity cut is going to affect the lift. and the people there have a habit. anything that is outside of their window is a place for them to throw rubbish. Im dead serious. that's why you notice ALL of the compound is DIRTY.

true there are other developments going on, but they are more further away, and they are not yet even finalize of building. You must be joking to hike up price based on something that is even not sure yet. and yes, that's what some of the "dont know how to look at mirror" residents AKA investors are doing. plus all those things above....not to mention the place is not well connected with public transport. the swimming pool is drying, the mini taman all the walls are "black" in colour....

and some of the people dare to even ask you for rm160K. I mean I know properties prices are rising, but sometimes I wish some people have the brain to even look at their own property before asking price. It sounds not nice to hear, but do you think it is nice for purchasers ?

sorry humble, this reply is intended for all not you

ya, actually i also felt that way...the environment is really not up to satisfaction lo. last time went to see, but felt the price is really (again my very humble opinion) not cheap lo. some people say affordable, but do you want to buy a property in such area(may be near to IKEA but inside compund already near to low cost) for such price meh ? the other project development nearby the area actually since last time also already keep saying...many people keep guessing, and because only got development, they quickly hike up the price, agents lah...sigh, the problem for many people. even though got 2 real estate agents got killed, i still felt agents are really terrible people(so money face till make other people suffer). sweet mouth to attract you, when comes to price it is horrendous....and somemore, the quality for Flora Damansara is not good. Ive been inside see both the lower ground units as well as the upper ones. it's the same lo. another way for owners to blind you so that they can hike up the price is they "renovate" their house with cheap renovation ways but say out as "quality" to raise the price...just to let you know, so that future purchasers can inspect properly.

For the last 2-3 years price memang at RM100K-130K. You want cut owner at there meh.

I'm convince most owners to sell at RM150K. Don't spoil market at there.

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Added on May 16, 2012, 5:00 pmBasically, price in Flora really slow since their 1st develop.

Why can't we sell the price as location there selling more than RM300-500 psf. While as Flora less than RM200 psf.

Agents are indeed will oversell their stuff but which salesman won't ? As a owner, they sell my unit good price, i happy.

As buyer, i got my unit in my right price, i happy. Everybody happy.

Is up to you whether you think is worth a not.

This post has been edited by Alvinyeo: May 16 2012, 05:00 PM

Most of the comments are personally attacking me.

Without the basic facts to prove that you're right.

I'm not here to discuss personal stuffs regards my skins, greed and ignorance with you.

People have their own perception.

You can't see the potential in it, walk away. Want people to know the place is hell. Go ahead.

Let them judges.

If you don't believe the last transacted price, i dare you to go the management there and ask.

You think i'm making speculation on property price. I'm not a banker nor i own a bank also not a valuer.

My price on what last price is selling. Go ahead, call your banker or valuer. Ask them the last transacted price.

For 850sf of course. If you ask 650sf sure got no value la.

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Added on May 16, 2012, 11:05 pmThis post has been edited by mrchipsley: May 16 2012, 11:05 PM

Why nobody believe me can value at RM160K.

Any agents here doing Flora can clarify ?

i think the max is rm150K, if you got do renovations(that is expensive one yah), other than that rm160K is impossible to achieve. rm160K is considered very expensive already, this is leasehold somemore...how can you simply hike ? it's square feet is not more than 1000 square feet.

i repeat again, of course if you can find bank who can approve loan at rm160K, can. these banks want business, sure they will approve one. but rm160K is not the real value...at least for majority valuers. anyway when you sell at rm130K, you also untung a lot already man.

Yeap lilac, the keyword here is affordability. Not everyone is anak datuk.

Btw, what's with the debate here? Seems like very personal. About money and greed summore. LOL. Lari topic lor. TS was sharing on he/she bought a property and look where this is going?

This one still ok. There is another flora forum - tat one hot stuff

Nice write up.Inspiring..I owned a property in DP too..stayed there for a year and rent it out till now. It has been a cash cow ever since.1st tenant balik modal only (year 2005-2006). Now my 2nd tenant.Positive cash flow.Renewed tenancy with the same tenant in 2009 (rental increase) with no problem.Tenant are happy. Excited to see what Empire and DASH highway would bring to this area.I constantly got agent rang me up (different agent) atleast once a month asking bout my unit.As of now Im still holding it..

Same like u, I bought my property when my salary is 3K back in 2003.Relieved and happy that I decide to purchase that time and just took the plunge..All the best in your quest.As Donald Trump said, 3 important things when buying a prop..Location,Location,Location...

great to hear your story. but in my opinion, Location, Location, Location is meant for affordable ppl. in other words, rich ppl. for poorer ppl, it's about price, price, price. the lower the better. anyway, Donald Trump isn't always right. i don't mind to invest into rural area for a cheaper price. just my 2 cents.

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Added on May 17, 2012, 2:40 pmlilac, in my opinion, go for something you're comfortable. as long as u like FD, then go ahead and buy it. In forum, you can only get advice, advantages and disadvantages of FD. but the person who make decision, still is from you, yourself. last time when i bought a condo, lots of my relatives condemned me for overprice purchase. but what happen is, the price went up and after 5 years, i sold it off and use the gained money as downpayment for my landed property. so, in my opinion, if you can afford it and u are comfort with FD, buy it. if appreciate a lot, then maybe you can sell it to get a better place. if depreciate, then you can stay there.

This post has been edited by jason_chee: May 17 2012, 02:40 PM

true, the decision is still from that person. your relatives might be wrong, but you are lucky to get a buyer maybe ? hehehe.

about the depreciate & appreciate matter, it is a very subjective area. of course in your situation you are lucky.

lucky? hmm... i'm not sure. i did a survey on the prop and confident it will go up as i believe the trend for prop is appreciation. my only question is, a lot or little bit appreciation. but of course, not something like FD. yup, my relative is wrong. not once, but twice.

in my opinion, even prop in small town also can gain appreciation.

can gain appreciation, i didnt say no. But, not as horrendously quick as what some party might want it to be...seriously.

Location,Location,Location does not meant for affordable people only. Thats why there a need to do some study before u make up your mind..same like other investment. Why buy cheap share if u know it cannot grow..

When I bought my prop at DP, that place was nothing..only big hutan (orang asli just move out), the curve/cineleasure/commercial all not there yet..access mainly from LDP (small turn from the main road). No persiaran surian and surian tunnel. Connecting to Kota Damansara by a small road. basically nothing. if u come visit this place 10 years ago, U know what Im talking about. I did a research, ask around, only then I know I will be neighboring mutiara Damansara which will be develop by Boutead group. When to their office to see the master plan, and see that all commercial (big shopping mall/biggest Cinema/premium showroom etc)..Although this is only on paper, they confirm me its a 'sure' thing..I see the bright future. That time they used to call it PJ Golden area (until now actually). After all BU is just nearby and TTDI was already known that time. I know DP can take advantage of this.To be honest KD has more potential (upside appreciation) but since it was to deep inside from main access road (LDP), I opt for DP. Congrats who bought KD that time..

With merely RM800 extra money at that time for mortgage, I asked my GF (now HM with 2 kids ) to join loan. We manage to get the prop.. paying RM1200 to the bank..Refinance the prop in 2007 to get extra money to buy my 2nd prop. Now paying bank 1350 and rent my unit at RM1800.

So again I reiterate that Location,Location,Location is not for wealthy people. "Matured Location" is for wealthy people. The trick is to find 'potential location'.

Do not get too attach with emotion when buying props..Although if for own stay you might consider this too, a little bit (nice designed/good layout/beautiful landskap etc).

Same thing with share. Buy company before anybody heard about it...If you have AAPL share 15 years ago, you'll be smiling to the bank by now

true. depend on individual target for the amount to get back.

not realistic...this one is really common sense.

true, agreed with you. 10 years ago, DP is nothing. most of the prop purchaser will have to look at own pocket first before choosing location. if i'm going to buy 500K condo in Shah Alam, i would rather choose MK Condo. that's on Location. so, price goes first and location go secondary for ppl with limited budget. of course, you could say location first and price second, it's very subjective matter. location nearby matured township will definitely attract potential to grow. but price is priority cos everyone will have budget. i'm not saying you're wrong. just we have different opinion.

hehehe...yes2..correct.. ..a bit subjective..to find it is like an art..but with little bit of luck too...hahaha..dont worry so much lerr..Apart from Bkt beruntung, I never heard anyone sold a house with a loss..atleast breakeven if the location is wrong..

if not my mistake, Bandar Tasik Puteri. maybe Sri Muda as well cos 1 of my relatives bought single-storey house in Sri Muda last time. price depreciate according to him.

This post has been edited by jason_chee: May 17 2012, 04:13 PM

correct ! where got people buy property dont look at price...that is just ridicilous.

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Added on May 17, 2012, 4:25 pmi thought recently mont kiara property depreciate ????? actualy a lot of places also depreciate.

This post has been edited by mrchipsley: May 17 2012, 04:25 PM

yea... market started to slowdown due to the introduction of nett income for loan. loan are harder to get approve. at the same time, over valuation. i think it's norm cos it's the G objectives to slow down the prop market in klang valley. not sure about the effect towards next year. but it seems like those fresh grad who intend to buy prop will have tough time to secure loan.

actually even without this loan tightening, fresh grad is as usual hard to even buy the properties...let's be very honest. I mean in this property talk itself also people are asking for properties below rm300K and that is they already work for a few years...what more fresh graduate. i have no intentions to make those house owners mad, but price depreciation is inevitable, however, the rate of depreciation is really insane. and that is the very root of all this property owning problem.

Maybe Malaysia should be doing like what China is doing...puttting a mandatory for all the citizens to only own 3 properties, the rest you have to sell it. But if this happen, a lot of millkionares in the making will become bancrupt just like what happen in China

haha.. that's why those chinaman is investing in our country.

up to 30% only allowed. but they for sure wont invest in Flora Damansara. Security definitely cant replace Location, no matter how much anyone here wants to debate about it. The lo cost house, virtually anyone can stay in it...it is too affordable to "foreigners". and some foreigners are really retarded people, im sorry but it's true.

Yeahhh...But I dont think it goes down until the cost/purchase price (developer's price)..if buy sub sale maybe affect little bit

there is ruling that the foreigner can only own a prop more than 500K. i don't think the foreigner bought FD.

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Added on May 17, 2012, 6:12 pmyes man. you're right. price will go down a bit, but not until the extent of cost/launching price. once down, it will take some time to pick up again.

This post has been edited by jason_chee: May 17 2012, 06:12 PM

it can go down up to very low value especially economic depression.

Buying property will always be a good investment. I remember my first property I bought was a repossessed property, which I bought on an auction. Today, that is my home! One needs to start somewhere to get onto the property ladder. And the sooner, the better.

Just to share my Flora investment.

I bought my unit at RM125k, got bank loan of RM160k.

90% loan = RM144k

RM144k-RM125k=RM19k

RM19k-RM5.5k(legal & Stamp duty) = RM13.5k Net cash in

Mthly Installment 35yrs = RM760.00++

Rent per mth = RM800.00

What do you think about my investment strategy? Comment please!

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Added on May 17, 2012, 10:59 pmWhen economic down turn people starts to look for cheaper rental. Those renting RM1000++ will want to look for something cheaper. Therefore rental demand for Flora will increase. When bad time luxury condo/property will be affected most but Flora (necessity) will not be that bad.

Not everyone born with silver spoon. Many ppl out there r still struggling to buy a property. Cheapest rental now at least RM700 - 800 per mth which is enough for Flora installment. Y rent when u can buy Flora at full loan?


Just to share my tots!

This post has been edited by simply red: May 17 2012, 10:59 PM

Thanks for pointing out loan can give RM160K.

Thank you !!

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Added on May 18, 2012, 12:18 amI looked into this matter myself.

People will tend to find place that area cheap.

This post has been edited by Alvinyeo: May 18 2012, 12:18 AM

i think you miss the point. doesnt mean give out loan means the property value is rm160K. The loan here i think includes other misc expenses. as he said, he bought at rm125K. aiyah, many people here already said, but you still dont get it....

i think this really confirms what the other guys says that the property is value at rm130K for current value....

This post has been edited by mrchipsley: May 18 2012, 01:03 AM

why rent RM800 at Flora Damansara when you can rent at similar prices from Pelangi Apartment, Palm Spring condominiums etc?

There are lots of negros and those bangla workers staying in palm spring or pelangi damansara lol.. You can actually notice this at night when those indon workers chilling at downstair and hangout at mamak...

Are u sure u can get this price in Pelangi and Palm Spring? Last few years yes u can but not now!

hope you know what you are talking ya....there really are a lot of africans in the condos or apartment there....this wil pull the price down.

Yes u r right. There is a difference between actual value and bank value! That's y is a good buy for now (below bank value). Bank value is the benchmark to determine whether the price of the property that u r buying is cheap or expansive. Just like the PE ratio for stock.

For property above bank value, u r paying extra premium to purchase it. For property below bank value, u r buying at a discount! These r the property that u can flip. Don't fall in love with it, its just an investment vehicle to make money. U r not staying in there so don't put yrself in to that shoe. As long the place is 80-90% occupancy it is good enough. If the place is so bad then there won't be people staying.

Just a share of tots!

Negative cash flow?

R u sure prices r going down? Palm Spring r asking for Rm350++ psf, Pelangi Dsara asking ard RM380-400 psf for now. Africans r now everywhere not only here! even Mont Kiara there r Africans. Africans or no africans is not the issue, money or no money is! If my budget is only good enough for these places, I don't hv much choices, do I..

The lower income group make up of the biggest quadrant. What can u buy for property below RM200k in PJ? Try searching for property below RM200k in PJ and c what can u get!

Demand and supply!!!

Just a share of tots!

eerrrr, unless you stay there, then you will know. it has a lot of africans, banglas & other foreigners like vietnams & pakistani...and of course the environment. i think these things it's hard to put in words unless you go there and observe.

U miss out on the upper portion. I got the unit for free + RM13k cash!

every mth nett cash out flow (inclusive of maintenance) = Rm50.00

RM13,500 / RM50 = 270mths = 22.5 yrs (provided rental remain constant)


Even if tmr the market crash, it doesn't affect me! Calculated risk


In investment its not how much u gonna make, its how much risk u r exposed to!


Just a share of tots!

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Added on May 18, 2012, 12:32 pmInvestor Point of view, there r demand for rental.

Buying for own stay, what other choices do I hv? Wait further?


Just my tots!

This post has been edited by simply red: May 18 2012, 12:32 PM

I just done my trip to Flora.

I think FLora Damansara cater for different group of people.


Those that wanted a first home belong them around PJ but within their budget.

Flora Damansara should able to rent out easily. Workers that work in construction areas / cleaner that work around office building or shopping more are the resident. These group of people have no choice but Flora if don't want to travel too far.

Investor buy those medium , if you aim for capital gain. In my opinion, a bit hard. Due to the mix of low cost type flat and those "workers" resident.

People are seeking status now especially youngster / fresh graduate which is the group of people push up property price will not like to be seem living in flora.

No wonder why in i property so many seller wanted to sell flora.

I had the same tot like you.

Give 5.

i like this statement: "In investment its not how much u gonna make, its how much risk u r exposed to!".

well done, since flora damansara is risky, why not go and buy a few units there ? im sure you will gain the reward in 20 years time.

i believe different ppl has different target. for small player, maybe flora is good enough for them to start the investment.

aiks, just now say flora damansara good, now divide pulak to big investor and small investor

since when i saw D. Flora is good? everyone has their own liking. if u read thru, i suggested other place like Plaza Medan Putra. i like the Statement of "In investment its not how much u gonna make, its how much risk u r exposed to!" doesn't mean i like D.Flora.

like i said, small player has their own market. it's always like that. if u have the money, i would believe you'll invest in landed prop and gained more from there.

my advice, READ what ppl mean and not simply accuse or point to conclusion. Thanks man.

ooooooo, that's what im doing lah...you think im a mind read kah ?

+1...+2....+3...

Could be a good news.. Management is installing the entrance gate at the medium cost blocks.

I am not sure if it is bundled with the smart access card system...

Recent news ?

When implement ?

is there any wall separating medium n low cost appartment?

dont think that is possible

Now is installing, you may go there to take a look. Entrance is at 99 Speed Mart there. But don't know what kind of guard house/entrance will be made...

as long as the guard is good n be responsibility then with or without guard house is not a concern...

From the observation, it should be a smart access card system.. AGM right? try to double confirm ya..

pls share info after AGM...thx

Was in Flora a few days ago.




Smart Access?




The day they put up the Foresthill signboard




Morning sun view from my unit

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Added on June 9, 2012, 1:13 amJust need to fence up less than 100 meter. The rest is separated by high hill slope

This post has been edited by pekanmy: Jun 10 2012, 10:13 PM

Nice photos!!!

Thx for the sharing

How's the output/outcome/minutes/results from AGM? Any nice news? Tq.