Dear All,

I was interested with Casa Suria Condo Cheras, willing to buy for stay.
This will be my first house.
However after a visit to there, i found that there are two block of casa suria.
Only Block 2 was completed with CF but no sure is leasehold or freehold. different agents telling different story.
Block 1 was only completed 60%.
I was told by one of the house owner, previous two developer were bankrupt. (this really scare me)
Now the 3rd developer is handle everything, but only work with Block 2.
seem like they still didnt work out for block 1 (some legal issues still not solved)
In fact only 10 house is occupied now, others all empty.
That area are too quite.
They claimed there are gym room, spa, playground, but i didnt see anything here.
If i am not mistake, the condo start around year 2000 but only completed 2010 (block 2)
That is a long journey.


My question are:
1) is this condo still worth to buy? (240k --> 1300sq ft)
2) as the previous developer was bankrupt, any problem when i trying to get loan from bank? i scare i will face the problem as venice hill cheras.

Appreciate that if you can share me your opinion about this.

If I remember correctly, it's freehold.
The place is just next to venice hill, right.

Other than the things you're concerning, and you've seen the current situations; Another thing is the owners who are NOT paying the monthly maintenance fee is more than who pays, what do you think then?

Ya, the place is just next to venice hill.

So far i was informed that the maintenance fee is rm 200 per month.
For me it was a little bit high with only small swimming pool is provided.

Again Master skill is going to move their new campus at Bangi.
So this area will be come really "QUITE"

i Just asked the agents this morning, they told me Block 2 was completed for 4 years but no yet have the strata title.

What i really worry is about the loan and the future value of the condo.
As there are some bank rejected the loan of Mahkota Cheras since they didnt receive the strata title after completion of 10 years.

For venice hill, the bank rejected some loan application is due to the developer had bankrupt.

I am trying to find the developer of case suria. Anyone can advise me where should i go to get this infor?

juz forget about those project...

Dear

Could your tell me ur opinion.
I am planning to get this my first house.
As 1300sq with 245k is really interest me.
Please tell me more..

better be careful....stay away.

If you are comfortable staying in a condo with < 10% occupancy rate (erm, the occupancy rate might be higher as there might be some unknown residents) and you are going to stay there for many many years(as if there is no improvement to this condo, you will be facing difficulties to sell), 1300sq. ft. @ RM245k is a good buy.

Thanks for your advise.
U have point out the problem ---> maintenance, facing difficulties to sell
now the developer are trying to built back block 1 (what they are telling)
start from next weeks, there will 30 units occupied by MasterSkill students.
Good rental here RM 900-1200 per months

If the new developer really work out, the condo value will increase.
BUT is the developer run away again, the owner here will "going to HELL"

Should i take the risk? should i put the hope on new developer?
What if the students move away to BANGI campus??

IMHO, RM245k you already can get elsewhere although with smaller size, but definitely much better.

Like I mentioned in above, fewer owners paying maintenance fee, would you think the current situation will go better or even worst? The surroundings? No facilities besides the really very small and not so clean swimming pool.
Have you ever thought about break-in and blaxx crimes?

Agent say one ? or confirmed ?

Thanks, You remind me again for new point ---> Safety
appreciate

Some more sharings from what I knew:
Units occupied by MasterSkill students news? Already heard about it years ago ...
Good rental, you already seen it how super low is the occupancy rate, it's like that since day 1 ... where are the tenants?
No one knows about the future, just that for now, this is a definitely a high risk bet.

My 0.2 cents.

Confirmed by the Guard, i saw the MasterSkill school ady sent there bedroom facilities also

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Added on August 2, 2012, 4:17 pmYa... after hearing all advise from your all, it is better for me to find new target.
Anyone can suggest ?
My budget RM180k to RM220k Area not less than 850sq ft

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Added on August 2, 2012, 4:18 pmAppreciate if you could suggest me some ideal condo


This post has been edited by Dodobi: Aug 2 2012, 04:18 PM

Masterskill school might got their own hostel unit , maybe in 10unit or 5unit ,
that means Masterskill student won't rent with other owner already .

RM245k for 1300 sqft is a bit expensive for batu 9 area .
Somemore RM200 maintenance fees with no facilities .

ar~~
But i cant find others condo with this price and area.
I found that there are some condo in Mahkota Cheras
However, the safety is worst there and the traffic is messy in morning time

even you urself also say safety & traffic is worst
rental return also around 4.5% only .

forget bout this , you may get other as well .

If you're still keen on it, probably you can check it out yourself with MasterSkill, would it be better?
Not racism, just to check majority of their students are blaxx, right?

Make a new post with your budget, locations you're looking for, people will give you suggestions.

Thanks Hunakadoo, I am searching new target now

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Added on August 2, 2012, 4:34 pmDear ur advise is really helpful.
Open new topic later

This post has been edited by Dodobi: Aug 2 2012, 04:34 PM

no prob ~

imo , if ur budget is limit to below 250k , try to look at other place , such as klang ....i m referring to jusco bukit raja that area. the area there is much decent ...its not really far away from PJ..merely about 15km to pj ss2 etc...try survey that area...with ur budget, no much choices, unless u can accept a bit run down apartment or condo...

recently juz bought a condo at klang bukit raja , 2-3km to i-city .... about 270k , 1154sf , 2 car park , low density . new condo as well ...

do not take risk on property especially its ur first home .. remember , ur loan will be 30-40yrs, and once u choose a previously failed project and u got no luck , ur over...

bank is reluctant to approve ur loan as they afraid they will be having hard time to sell off the property. safety , environment is crucial . it is better to choose further location , and safer project to buy ...

try not to buy a property with a lot of student like masterskill ppl staying nearby. u will suffer as they will make a lot of noises in the area . student is alright , but not too much.

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Added on August 2, 2012, 4:54 pmto tell u the truth , the traffic in kl , mostly very bad... this is city life... u cant expect lesser traffic ..

safety , juz avoid black ppl area.place where african ppl stay , not very safe....

other that , msian still ok....

it is depend on wat area u want to go work ... but staying in mahkota cheras and staying in klang bukit raja make no different at all... same distance ....juz that ppl will alwaz think that klang is very FAR away ....


do not simply choose a condo because ur budget is not enuf ...

This post has been edited by steventan85: Aug 2 2012, 04:56 PM