Investment My first home property investment: Flora Damansara, Advise, Feedback, & Comments?
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 Jun 30 2012, 05:51 PM
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#1
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Senior Member
9,048 posts Joined: Jan 2003 
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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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Jun 30 2012, 07:52 PM
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#2
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Senior Member
9,048 posts Joined: Jan 2003
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QUOTE(pekanmy @ Jun 30 2012, 07:32 PM) Sorry to hear that 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. Can you explain more on 'lousy and very unsafe in long term'? |
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Jun 30 2012, 09:36 PM
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#3
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Senior Member
9,048 posts Joined: Jan 2003
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QUOTE(pekanmy @ Jun 30 2012, 09:18 PM) Very sad to hear what have happened in Flora. You sold your unit in 2008? Sold mine last March for RM 130k. Already wished the new owner good luck. |
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Jul 1 2012, 10:28 PM
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#4
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Senior Member
9,048 posts Joined: Jan 2003
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QUOTE(Bali ais @ Jul 1 2012, 08:50 PM) I guess is 850sqft. High floor? Mind sharing which block ka?? Block H. With current running condition, don't expect high rentals or 100% increase in property prices. Many banks are listing FD as Negative Listing. |
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Jul 2 2012, 10:32 PM
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#5
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Senior Member
9,048 posts Joined: Jan 2003
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QUOTE(ahbaoahbao @ Jul 2 2012, 10:02 AM) Two months ago (in another topic) you did mention "...Crime infested area. 40 cars stolen monthly. Rape cases every week. Fighting every few months..." True... there were some improvement but IMO, not really long term... will still end up like DBKL flats. Don't expect high rentals as long u have uncooperative residents and foreigners staying there.Based on your statements, looks like flora has "improved" a lot within two months, from 40 cars per month becomes 10 cars per 2-month. From 1 rape case per week becomes 2-3 rape cases in total ... If you can list out the cars stolen or rape cases involved, it might greatly help us to make justification/judgement before we buy/rent Flora units. And May I know how do you know it? Got informed police? before this, 40 cars per month = 480 cars per year -- should inform PEMANDU and PM as well. Anyway, at least now I understand as the number of stolen cars become less and less, the number of cars become greater and greater and that's why the management wanted to install access card system -- to block the "unwanted cars". As 40 cars stolen per month, I can still even see a lot of cars (unwanted or wanted) parking at flora; access card system is really needed. |
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Sep 17 2012, 03:00 PM
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#6
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Senior Member
9,048 posts Joined: Jan 2003
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Horrible place and rental can hardly fetch RM 700. Even if can, tenants always pay late or never at all.
In my case, stupid tenant didn't pay for 4 months. Had to make police report, seal the unit and kick the tenant out. Luckily, they agreed to contra whatever inside the unit to offset the rental. That also, can't cover much but at least the stupid tenant moved out. After inspecting the unit, numerous damage found... approx RM 7k to repair everything. Since selling, I nego new owner to absorb the repairs by giving further discount. Shitty place and many agents con their buyers with load of bullshits. This post has been edited by acbc: Sep 17 2012, 03:00 PM |
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