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Investment Ivory Residence @ Mutiara Heights, Kajang, by TLS, share your opinions here

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seanooi880327
post Sep 18 2012, 11:05 PM

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QUOTE(shawnk @ Sep 18 2012, 11:02 PM)
But of course it would be higher price for sure, my SA mentioned that as well.
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Yup..no doubt... but he don't mind wo.. he like the pool view plus forest view... rich guy dun care much...me different ... I like low price... hehe
shawnk
post Sep 18 2012, 11:09 PM

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QUOTE(seanooi880327 @ Sep 18 2012, 11:05 PM)
Yup..no doubt... but he don't mind wo.. he like the pool view plus forest view... rich guy dun care much...me different ... I like low price... hehe
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I wonder the garden unit in Tower 2 can jump straight from their unit to the swimming pool haha. It would be awesome!

This post has been edited by shawnk: Sep 18 2012, 11:09 PM
takky
post Sep 19 2012, 10:29 AM

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QUOTE(shawnk @ Sep 18 2012, 11:09 PM)
I wonder the garden unit in Tower 2 can jump straight from their unit to the swimming pool haha. It would be awesome!
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i think they should be able to do so, as there is a small gate at the garden, 2nd entrance to your house.
d_trinity14
post Sep 19 2012, 07:01 PM

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T

This post has been edited by d_trinity14: Sep 22 2012, 11:33 AM
syaz80
post Sep 19 2012, 11:10 PM

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Went to the sales office today. Pool view all sold except for 1 unit on the 1st floor. Forest view selling fast but city view still got many units available. Thought of getting a unit. However, would like to know the expected appreciation of this property in Kajang? And what's its monthly rental would be like?
d_trinity14
post Sep 20 2012, 12:25 AM

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QUOTE(syaz80 @ Sep 19 2012, 11:10 PM)
Went to the sales office today. Pool view all sold except for 1 unit on the 1st floor. Forest view selling fast but city view still got many units available. Thought of getting a unit. However, would like to know the expected appreciation of this property in Kajang? And what's its monthly rental would be like?
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Well if you would want to use Pearl Avenue as a sample at 2010, 1100 sq feet were selling like hot cakes at about 250k.. After discount it's 218k .. Right now, hear say from SA, ppl asking for 300k plus.. I say it's not bad considering no mrt at this area.(saujana impian got one station). One thing for sure right now double storey houses are sky high now in kajang.. Grab while the cake is hot.. ; )
Talbac
post Sep 20 2012, 10:39 AM

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QUOTE(d_trinity14 @ Sep 20 2012, 12:25 AM)
Well if you would want to use Pearl Avenue as a sample at 2010, 1100 sq feet were selling like hot cakes at about 250k.. After discount it's 218k .. Right now, hear say from SA, ppl asking for 300k plus.. I say it's not bad considering no mrt at this area.(saujana impian got one station). One thing for sure right now double storey houses are sky high now in kajang.. Grab while the cake is hot.. ; )
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D_Trinity is a rich man already! Raise the stake and buy 2 unit of ivory ? brows.gif
d_trinity14
post Sep 20 2012, 10:45 AM

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..

This post has been edited by d_trinity14: Sep 22 2012, 11:37 AM
bananana888
post Sep 20 2012, 10:59 AM

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Hi people! Anyone who wanna give up your unit facing forest on level 13, 12 or 11 pls let me know. Thanks!
cash flow investor
post Sep 20 2012, 12:03 PM

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Hi All,

I'm trying to compare this two project:
1)Ivory Residences-Kajang
2)Paragon 3-Equine Park, Sri kembangan
Both are having good promotion packages with low dowpayment and reasonable price per sqft,

Honestly I dont feel this Ivory will being appreaciate much if compare to Paragon 3 by Paragon Mastery,
1) Equinepark-Surrounding(new project) is selling 450(avrg)/sqft, paragon 3 launch with the price of 330/sqft,
Invory-Surrounding new project is selling around 300+/sqft, the price offer is around 270-290/sqft.
2) interm of renting out-Equinepark have quite a number of new business center is on going and under development,
3) futhermore EquinePark is more near to KL and PJ compare to Kajang.
4) for 100K appreciation-Ivory Kajang i think at least 5 years(due to given 9% discount- Market price only need go up to 450k++ will alright to flick, QUITE REASONABLE
Paragon 3-downpayment is only 3%, some more new projects there is selling nearly 450(avrg), being confident that this project can get much more IN RETURN (ONLY problem is Big Sizes-Selling Price also High loh--not that easy to sell off in short term)0

Detail--Invory size is 1288(tower A) with selling price 355-400K, Paragon smallest started with 1498sqft started with 480K above.

is really hard for me to chose which one to invest.

Any idea?
reeve86
post Sep 20 2012, 12:40 PM

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my i know u all salary is more than 3k?
who is lower than 3k and get approve loan from bank?
cash flow investor
post Sep 20 2012, 12:48 PM

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QUOTE(reeve86 @ Sep 20 2012, 01:40 PM)
my i know u all salary is more than 3k?
who is lower than 3k and get approve loan from bank?
*
For your information Bank Loan can borrow up to 40years (below age of 70),

lets say your monthly instalment is 1600/3000(nett)- DSR(commitment is 53%, max can up to 70%,

so still can borrow,

No worry, except you have other commitment such as CAR/CreditCard/Personal Loan etc... all will be counted as your commitment.
Talbac
post Sep 20 2012, 04:17 PM

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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
seanooi880327
post Sep 20 2012, 04:41 PM

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QUOTE(reeve86 @ Sep 20 2012, 12:40 PM)
my i know u all salary is more than 3k?
who is lower than 3k and get approve loan from bank?
*
From what i heard from SA, if your nett income at least Rm3500... You able to borrow $$ for this project..

If you alone not qualify, go for joint income... smile.gif
Ultraman2000
post Sep 20 2012, 04:55 PM

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Hi Talbac,
Are you TLS SA?
SUStikaram
post Sep 20 2012, 04:58 PM

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QUOTE(Talbac @ Sep 20 2012, 05:17 PM)
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.
*
Very healthy debate, One for paragon and one for Ivory rclxms.gif

We should have more this kind of post for the benefits of making investment decision.
d_trinity14
post Sep 20 2012, 05:01 PM

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QUOTE(Ultraman2000 @ Sep 20 2012, 04:55 PM)
Hi Talbac,
Are you TLS SA?
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i think he is a buyer also from Mutiara Villa... correct me if i am wrong..
reeve86
post Sep 20 2012, 06:37 PM

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QUOTE(seanooi880327 @ Sep 20 2012, 04:41 PM)
From what i heard from SA, if your nett income at least Rm3500... You able to borrow $$ for this project..

If you alone not qualify, go for joint income... smile.gif
*
really, that day the SA tell me rm3200?

seanooi880327
post Sep 20 2012, 06:48 PM

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QUOTE(reeve86 @ Sep 20 2012, 06:37 PM)
really, that day the SA tell me rm3200?
*
The best check with bankers... Tell them honestly about your qualification.. they will calculate for you... So, do this before place booking...
SUStikaram
post Sep 20 2012, 06:52 PM

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If your bank reject you. Pls stop buying and you should thanks bank for letting you know that your pocket is not deep enough.

rather later cry.gif

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