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

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chemgloo
post Jun 16 2012, 04:31 PM

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QUOTE(pekanmy @ Jun 16 2012, 04:24 PM)
Hi Corus, thanks for your honest input.
Highland Towers tragedy in 1993 was awake-up call for hillside developer and buyer. Landslide usually happen when the soil hold too much water or it is over expose. Flora was built in 2001 -2005 and on limestone hill in Bukit Lanjan Forest reserved which is covered with trees. Limestone hill do not hold much water (that is why there is a waterfall on the hilltop beside Flora). Even some of the rock need to be cut (at the back of block H & F) during construction. I believe the developer of Forest Hill next to Flora is very aware of this negative selling point before they put RM2.8 millions price tag for their unit. The truth is I feel safe staying at the top floor of Block H but I am worried driving on KL road.

After considering the rental rate, leasehold status, location, potential of improvement, market price of surrounding properties, ongoing development, future development or no more development as it is forest reserved, the view (selected units only) and current cost of construction. I believe by next year, a good 850sqft unit will be price at RM180k to RM210k. nod.gif
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i agree with you on this.....hence my decision to buy 2 units there recently. However, I anticipate that the price RM180-210K will be realised in 2 years time instead.
chemgloo
post Jul 12 2012, 03:52 PM

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QUOTE(emmm @ Jul 12 2012, 03:46 PM)
friends,
before you make any deposit in any units in Flora Damansara, please go ask any banks if they provide loan for this. couple of years back when i sold my studio unit in Damansara Perdana, the banker's came to evaluate my property, she told me they don't provide loan for Flora Damansara.
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PBB does. Bought at RM135k, valued at RM145k
chemgloo
post Jul 13 2012, 03:45 PM

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QUOTE(Bali ais @ Jul 12 2012, 08:53 PM)
I believe what you bought is a 850sqft unit?
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Yes 850sqft Block H middle floor. I think majority banks have no problem to issue loans for Flora Damansara since my loan was approved by PB and RHB and from previous comments, both OCBC and Ambank are giving out the loans as well.

 

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