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

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corus
post Jun 16 2012, 12:03 AM

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QUOTE(sakura888 @ Jun 6 2012, 11:03 AM)
dont think that is possible wink.gif
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that is possible BUT the fact stays the same, on a very serious & honest note. the entrance will give people some mix feelings about the security of the area, the cleanliness of the area, and if the medium cost nearby the hill would be free from landslide in future. rm135K for 850 sqft is just rclxub.gif

and rm180K for 1080sqft is even shakehead.gif
corus
post Jun 17 2012, 12:59 PM

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QUOTE(pekanmy @ Jun 16 2012, 05:24 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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hey no worries, am just telling what I observe. but I still felt this place is "over-rated" by some people. To say the location is good, also not really accurate...it is just on the middle. 850 square feet for rm180K with such amenities that is unmaintained, dirty environment, yet need to pay such a monthly maintenance....no thanks man laugh.gif

850 square feet even rm135K i also think twice...anyway, one of my friends already sold his unit. He cant get any good rental it seems, the people that rent his unit all cant keep good care of his unit


Added on June 17, 2012, 1:04 pm
QUOTE(Bali ais @ Jun 17 2012, 01:45 PM)
Yup. But is there a so called block with 'lesser' foreigner? Went to the so called 'hell' place yesterday. Noticed there a quite a number of families (with kids) staying there. Upper floors are better than lower levels (Of cause still doesn't mean it is heavenly nice). No rubbish dump and motor parked front of the unit. May be I am not lucky enough to see. tongue.gif Lift.... Average about 1 lift button spoilt for each floor and lift door sometimes close with super loud noise. Scare the hell out of me.
With < 200k in this area, I guess this is what you can get. Stay cool la my friends, we discuss dont debate. Property is like job. No perfect job/property in this world, just depends what are the cons you are willing to tolerate.
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dont think there is a block that is really lesser foreigner. actually you should go to the back of the unit where all the stalls are, there back there is so dirty....yucks. and the stairs for you to go to the car park got holes....wow, even if it is in Block E or F....im totally speechless for those who speaks highly for this property. and I notice ( sorry no offence ) a lot of owners thinks their property should increase due to the fact there are many developments nearby...heheheh. I felt, dont need to look outside, look INSIDE is already very jialat. whistling.gif

This post has been edited by corus: Jun 17 2012, 01:04 PM

 

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