shawnk & takky, i think you better get another unit facing Kajang because you will be seeing McD from your balcony everyday. It is 24-hour outlet, but make sure you exercise though to stay fit!

This post has been edited by Talbac: Sep 18 2012, 04:43 PM

D_Trinity is a rich man already! Raise the stake and buy 2 unit of ivory ?

Hello cash-flow investor, I saw the paragon tower 1 or 2 months ago. For one that area has a lot of condo coming up and I feel there will be oversupply of condo in that area, as there is lack of universities market while the area still has ample of empty land mostly planned for highrise condo.

At 480k, upon completion your cost alone will be touching 540k which would require the rental to hit RM3000 just to cover your instalment and maintenance fee. If you are looking for positive Cashflow I don't think it is possible with paragon as it has encroahed into mont kiara's price range already.

Flipping wise, ivory residence can expect an increase of 30percent to 350psf or 450k per unit and still within condo range. Paragon's 30percent increase to 430psf or 630k per unit would be much harder to achieve due to ample of choice at that price range.
You should also note only studio units with built up of less than 550sq ft could hit 400sq ft, not large built-up unit like paragon.

Strange to compare thus 2 condo as they are located in different areas. Paragon and ivory both are okay to stay in, but if you are looking to buy as investment, for me paragon is a no-no, ivory residence is the much better buy.

This post has been edited by Talbac: Sep 20 2012, 04:18 PM

Trying to contribute, learning a lot from fellow forumers. Bought MV and Ivory residence, I may turn into full time agent soon with the number of friends I introduce to buy TLS property.

Tikaram also watching a lot of other properties, still got bullets for more? We can never have enough cash for properties, it is a bottomless pit!

Kajang rental market is very very solid, i have a friend that owns a fully furnished apartment 1000 sqf in Kajang, fully furnished currently getting RM1500 per month, empty units of 900-1000 sqft going for RM800++. I forgot if it is middle eastern or Japanese or Korean but it was let to foreigner. Ivory residence if want to keep for rental income also can cover cost considering it is 1288 sq ft, sure can get above RM1500 with the nice buildings and ample of facilities inside even before MRT is ready.

This post has been edited by Talbac: Sep 21 2012, 10:01 AM

Tikaram needs to dispose off some properties to move back into healthy bank balance!

I had offer from PBB for my MV units, only -2.4%, and that was for loan amount 800K. Considering the loan amount here is less than 400K, i think -2.4% is very good offer already.

thanks for the offer shawnk, I think the bank slashed 0.05% from my loan offer for the level of debt i am in.

Everyone Love Raymond. Everyone Love Corner Unit. Everyone Love Unit 1.

natoptkc looking for quick money already? haha

This area not flood area. From Jalan Cheras to Mutiara Heights all new and proper drainage, + high grounds. Even the roads didn't get flooded the last time flood hit Kajang last time.

Comparison of Jade Hills, Sentral Kajang, Ivory Residence


1. Jade Hills
RM385 per sq ft
950 sq ft
RM365,000

2. Sentral Kajang
RM350 per sq ft
1050 sq ft
RM367,500
Free SPA legal fees.

3. Ivory Residence
RM277 per sq ft
1288 sq ft
RM357,500
Free SPA and Loan legal fees.


Coincidentally all 3 condos is in the RM350,000 range, and was released in the same order.

I choose Ivory Residence because the condominium is more modern looking, good staying environment (near golf course and near to forest reserve for more oxygen) and has bigger upside in terms of investments as it is reasonably priced at RM277/ sq ft.

This post has been edited by Talbac: Sep 28 2012, 05:11 PM

These big investors come not to look for small money in rental but large capital gains after they lift the property prices. They will come and 'goreng' the whole place until the property prices hit the roof.

Read some where Glomac just sold en-bloc tower to these investors too. Now they have found us here.

Good news if you have already bought. Bad news if you want to buy to stay but did not manage to get one before habis goreng.

The shoplots are in front of Ivory Residence. The clubhouse is on the right side of IR. Mutiara Villa is further right side of clubhouse.

Unit 8 of Tower B now only left low levels. Unit 7,6,5 still plenty to choose. Amazing take-up speed.

PBB so sombong give 85% only.....Maybank and ING also offering 90%. Plenty of choice if want to apply 90% loan.

---

Added on October 20, 2012, 10:42 amActually better to handover documents to developer, they can keep your secrets better than average bankers do. I once handed over the documents to a banker, only to find out that the banker resigned shortly, didn't bother my application to pass to colleague also (probably ended up as recycle papers). I think the developer could expediate your application with several banks if the case is tight.

This post has been edited by Talbac: Oct 20 2012, 10:42 AM

totally agree with shawnk.

It's better to go along with the developer's team of people, there will be no finger pointing if anything goes wrong. Tower B facing swimming pool selling really fast.

The iteration has begun earlier than expected

- better shops are coming to prima saujana due to new housing developments at mutiara heights and NAZA Ttdi.
- new housing are going to be more valuable now that better managed shops are coming.
- which leads to even better shops opening at prima Saujana.

Mutiara heights will be an excellent neighbourhood.

Ayamas and now Tutti Frutti.

Did you notice them putting up the Pizza Hut (PHD) signboard today at Prima Saujana? The strong chain shops are moving in rapidly now!

Approved already. Better speed up before the banks quota used up! 赶快！

This post has been edited by Talbac: Oct 31 2012, 06:14 PM

Public bank. Keep pestering the SA and banker and they will process your loan first!

More good news for Mutiara Heights.

http://www.btimes.com.my/Current_News/BTIM...icle/index_html

“The new hot spots will be Seri Kembangan and Kajang because of the infrastructure development. Developers with reputable brands will have a good following. "

http://biz.thestar.com.my/news/story.asp?f...58&sec=business

“Saujana Impian and Prima Saujana, by virtue of their proximity to Cheras, enjoy good demand, with Saujana Impian having more tenants than owner occupiers.”

"She adds that projects in that vicinity by the Naza TTDI group have received good response from buyers and investors. As for Kajang-based developers MKH and private developer TLS Group, she says the Kajang and Cheras population are familiar with both."


Kajang is gaining momentum with TLS leading the charge at Mutiara Heights!

This post has been edited by Talbac: Nov 1 2012, 03:51 PM