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

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iamgoodman
post Nov 14 2012, 11:33 PM

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any nearby condo to compare? besides kajang sentral?
NoDoubt Leong
post Nov 14 2012, 11:40 PM

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Hi, I booked my unit on d eve of launching day and just got my loan approved today by Maybank. For u guys still 50/50 out there, Chinese has a phrase "rob while it's hot"... I've been regret 4 years ago when I decided not to proceed with 'the zest @ bk9 ' puchong, which the subsale price shot up by almost 80% by now... Bare in mind, 4 years ago bk9 is nothing but just a piece of land neighbouring kinara golf club and facing a industrial area. But today bk9 is well developed with those gated community like semi d, double/triple storey and high rise condo... So guys, tunggu apa lagi???


Added on November 15, 2012, 12:02 am
QUOTE(twincharger07 @ Nov 14 2012, 11:11 PM)
aside new, its about financing, start up cost, package, location, amenities, transport, road network, lifestyle, security, layout etc

it depends wat one look for.. maybe buyers dont like the layout, dun like the location and feel not worth to buy.. different ppl value it differently

summore brader, its a bumi lot...
*
Ya I agreed, I'll go for a NEW factor!!! Just like Desa Park City or SP Setia Eco Park...

This post has been edited by NoDoubt Leong: Nov 15 2012, 12:02 AM
Talbac
post Nov 15 2012, 10:26 AM

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QUOTE(NoDoubt Leong @ Nov 14 2012, 11:40 PM)
Hi, I booked my unit on d eve of launching day and just got my loan approved today by Maybank. For u guys still 50/50 out there, Chinese has a phrase "rob while it's hot"... I've been regret 4 years ago when I decided not to proceed with 'the zest @ bk9 ' puchong, which the subsale price shot up by almost 80% by now... Bare in mind, 4 years ago bk9 is nothing but just a piece of land neighbouring kinara golf club and facing a industrial area. But today bk9 is well developed with those gated community like semi d, double/triple storey and high rise condo... So guys, tunggu apa lagi???


Added on November 15, 2012, 12:02 am

Ya I agreed, I'll go for a NEW factor!!! Just like Desa Park City or SP Setia Eco Park...
*
I agree with NoDoubt Leong and Twinscharger.Renovations and repair works are very very costly, a little bit of repair work also costs a fortune. Those who buy old landed houses for 400K better factor in those repairs costs just in case over-budget.

1. Repair works and renovations must be financed by cash, no loan provided.

2. You have to be your own contractor supervising the repair jobs. In the end, if you managed to get any savings at all, you must be actually a contractor by trade. If you are not a contractor specialist, you have very slim chance of not getting chopped.

3. Now, do we count the salary for supervising our own house's repair work? If you are wage-earner, it is the worth of your foregone leaves, bonus, or commission if you are commission based. And days of golf outings if you are a business owner.

The current going price for new 2-storey landed in Kajang on average is 550K-700K. This specific area (Saujana Impian, Prima Saujana, Mutiara Heights, Kajang Groove), due to its proximity to Cheras, various highways, good township planning, and established commercial centre, new 2-storey landed property is going at 711K (please refer to the brisk sale Acacia of NAZA Groove).

My future house at Mutiara Villa, a 3-storey superlink (located next to Ivory Residence, what more evidence do you need) which I newly bought from TLS Group costs RM900K, and all are sold out within 2 months. Please do not mistake yesteryears' price to today's price.

RM275/per sq ft is very cheap by today's standards, Jade Hills condo is selling at RM382/per sq ft, Kajang Sentral Residence RM350/per sq ft. If you are looking to make money, Ivory Residence is a good choice, lots room for appreciation. A 30% appreciation will require the price to hit RM357/ sq ft by year 2015 which is easily achieveable as there are already condos in Kajang selling at RM350-RM382 / per sq ft today!

RM275/ sq ft is the price for year 2015, today you only pay 1%, then progressive interest monthly which in total will not exceed 4% of your purchase price. You do not pay full amount in these 3 years during construction, and you don't need the hassle to maintain the property during 3 years.

What you know for sure the housing in Cheras/Kajang area will be more expensive (no more land already) 3years later (2015), and not returing to levels 3years earlier (2009). House price will be better, rental market will be better.

I say if you were to invest your first property into Kajang, look no further than Ivory Residence.

This post has been edited by Talbac: Nov 15 2012, 10:29 AM
iamgoodman
post Nov 15 2012, 11:18 AM

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well said ler.....

i am actually searching around all klang valley with budget only at 400k..... thats why cant think much on kl centre properties d.....

based on all the sifu's opinions here.... what u guys think of the appreciation rate in kajang properties compared to puchong, cheras area....
-/00\-
post Nov 15 2012, 11:21 AM

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QUOTE(NoDoubt Leong @ Nov 14 2012, 11:40 PM)
Hi, I booked my unit on d eve of launching day and just got my loan approved today by Maybank. For u guys still 50/50 out there, Chinese has a phrase "rob while it's hot"... I've been regret 4 years ago when I decided not to proceed with 'the zest @ bk9 ' puchong, which the subsale price shot up by almost 80% by now... Bare in mind, 4 years ago bk9 is nothing but just a piece of land neighbouring kinara golf club and facing a industrial area. But today bk9 is well developed with those gated community like semi d, double/triple storey and high rise condo... So guys, tunggu apa lagi???


Added on November 15, 2012, 12:02 am

Ya I agreed, I'll go for a NEW factor!!! Just like Desa Park City or SP Setia Eco Park...
*
bro..mind to share your maybank offer package? 90%?

thx ya,,
twincharger07
post Nov 15 2012, 11:34 AM

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QUOTE(NoDoubt Leong @ Nov 14 2012, 11:40 PM)
Hi, I booked my unit on d eve of launching day and just got my loan approved today by Maybank. For u guys still 50/50 out there, Chinese has a phrase "rob while it's hot"... I've been regret 4 years ago when I decided not to proceed with 'the zest @ bk9 ' puchong, which the subsale price shot up by almost 80% by now... Bare in mind, 4 years ago bk9 is nothing but just a piece of land neighbouring kinara golf club and facing a industrial area. But today bk9 is well developed with those gated community like semi d, double/triple storey and high rise condo... So guys, tunggu apa lagi???


Added on November 15, 2012, 12:02 am

Ya I agreed, I'll go for a NEW factor!!! Just like Desa Park City or SP Setia Eco Park...
*
i own a unit of Zest 1 phase.. hav to say there r still room to go up despite it has appreciated by 100%.. but thats the market price now since valuation hit 400psft.. its not yet mature as more infra and amenities in bjalil n puchong coming up such as lrt, wct megamall, hohup mix development, berjaya mix development, n new development near kinrara army camp.. yea, i for once nearly pullout due to poor economy n rumours of cemetery in bjalil..

no worries bro, investment opportunity is everywhere.. wink.gif .. hav u look into bukit jalil? tat area gonna boom..
nacho28
post Nov 15 2012, 11:45 AM

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Hi all,

I have a unit at Blk A facing swimming pool to let go due to other commitments. Kindly pm me for the details.

Serious buyer only please.

Thank you.
shawnk
post Nov 15 2012, 11:55 AM

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QUOTE(nacho28 @ Nov 15 2012, 11:45 AM)
Hi all,

I have a unit at Blk A facing swimming pool to let go due to other commitments. Kindly pm me for the details.

Serious buyer only please.

Thank you.
*
Bro, you can't transfer name to another buyer and TLS will open your unit to the people in waiting list first.
-/00\-
post Nov 15 2012, 12:06 PM

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QUOTE(shawnk @ Nov 15 2012, 11:55 AM)
Bro, you can't transfer name to another buyer and TLS will open your unit to the people in waiting list first.
*
when i placed my booking, TLS agent confirmed to me that can change name..
shawnk
post Nov 15 2012, 12:12 PM

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QUOTE(-/00\- @ Nov 15 2012, 12:06 PM)
when i placed my booking, TLS agent confirmed to me that can change name..
*
Not sure then. Someone I know actually tried to do that and was disallowed.
Maybe he meant immediate family? Guess just have to be smart about it.
-/00\-
post Nov 15 2012, 12:34 PM

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QUOTE(shawnk @ Nov 15 2012, 12:12 PM)
Not sure then. Someone I know actually tried to do that and was disallowed.
Maybe he meant immediate family? Guess just have to be smart about it.
*
i did asked if fren and he said yes...
Prophunter
post Nov 15 2012, 01:33 PM

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QUOTE(twincharger07 @ Nov 14 2012, 11:11 PM)
aside new, its about financing, start up cost, package, location, amenities, transport, road network, lifestyle, security, layout etc

it depends wat one look for.. maybe buyers dont like the layout, dun like the location and feel not worth to buy.. different ppl value it differently

summore brader, its a bumi lot...
*
I know but thats just an example. You can still find a good landed unit with minimal reno at Kajang circa RM400k
Talbac
post Nov 15 2012, 01:48 PM

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QUOTE(iamgoodman @ Nov 15 2012, 11:18 AM)
well said ler.....

i am actually searching around all klang valley with budget only at 400k..... thats why cant think much on kl centre properties d.....

based on all the sifu's opinions here.... what u guys think of the appreciation rate in kajang properties compared to puchong, cheras area....
*
If you were to compare the appreciation rate between Puchong Cheras and Kajang, given that the developer is reputable, the appreciation of Puchong and Cheras were tremendous, even better than Kajang a couple of years back.

But now is a different story because Puchong and Cheras already very matured, the high appreciation already realised. Buying Kajang now is better as it is still comparatively cheap and still much room to grow.

Saujana Impian, Prima Saujana, Kajang Groove & Mutiara Heights are all directly accessible via Jalan Cheras highway, hence it is more of an extension of Cheras rather than Kajang itself, (9mins from Phoenix Plaza, and also can arrive without going into Kajang town) making it the most strategic location in Kajang.
twincharger07
post Nov 15 2012, 02:21 PM

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QUOTE(Talbac @ Nov 15 2012, 01:48 PM)
If you were to compare the appreciation rate between Puchong Cheras and Kajang, given that the developer is reputable, the appreciation of Puchong and Cheras were tremendous, even better than Kajang a couple of years back.

But now is a different story because Puchong and Cheras already very matured, the high appreciation already realised. Buying Kajang now is better as it is still comparatively cheap and still much room to grow.

Saujana Impian, Prima Saujana, Kajang Groove & Mutiara Heights are all directly accessible via Jalan Cheras highway, hence it is more of an extension of Cheras rather than Kajang itself, (9mins from Phoenix Plaza, and also can arrive without going into Kajang town) making it the most strategic location in Kajang.
*
totally agree..
NoDoubt Leong
post Nov 15 2012, 05:14 PM

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QUOTE(Talbac @ Nov 15 2012, 10:26 AM)
I agree with NoDoubt Leong and Twinscharger.Renovations and repair works are very very costly,  a little bit of repair work also costs a fortune. Those who buy old landed houses for 400K better factor in those repairs costs just in case over-budget.

1. Repair works and renovations must be financed by cash, no loan provided. thumbup.gif

2. You have to be your own contractor supervising the repair jobs. In the end, if you managed to get any savings at all, you must be actually a contractor by trade. If you are not a contractor specialist, you have very slim chance of not getting chopped.

3. Now, do we count the salary for supervising our own house's repair work? If you are wage-earner, it is the worth of your foregone leaves, bonus, or commission if you are commission based. And days of golf outings if you are a business owner.

The current going price for new 2-storey landed in Kajang on average is 550K-700K. This specific area (Saujana Impian, Prima Saujana, Mutiara Heights, Kajang Groove), due to its proximity to Cheras, various highways, good township planning, and established commercial centre, new 2-storey landed property is going at 711K (please refer to the brisk sale Acacia of NAZA Groove).

My future house at Mutiara Villa, a 3-storey superlink (located next to Ivory Residence, what more evidence do you need) which I newly bought from TLS Group costs RM900K, and all are sold out within 2 months. Please do not mistake yesteryears' price to today's price.

RM275/per sq ft is very cheap by today's standards, Jade Hills condo is selling at RM382/per sq ft, Kajang Sentral Residence RM350/per sq ft. If you are looking to make money, Ivory Residence is a good choice, lots room for appreciation. A 30% appreciation will require the price to hit RM357/ sq ft by year 2015 which is easily achieveable as there are already condos in Kajang selling at RM350-RM382 / per sq ft today!

RM275/ sq ft is the price for year 2015, today you only pay 1%, then progressive interest monthly which in total will not exceed 4% of your purchase price. You do not pay full amount in these 3 years during construction, and you don't need the hassle to maintain the property during 3 years.

What you know for sure the housing in Cheras/Kajang area will be more expensive (no more land already) 3years later (2015), and not returing to levels 3years earlier (2009). House price will be better, rental market will be better.

I say if you were to invest your first property into Kajang, look no further than Ivory Residence.
*
thumbup.gif thumbup.gif
NoDoubt Leong
post Nov 15 2012, 07:24 PM

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Hi, I just wonder how is the developer track records and the quality on their finishing? Can't get much info on google beside TLS own website. hmm.gif

This post has been edited by NoDoubt Leong: Nov 16 2012, 09:12 PM
natoptkc
post Nov 15 2012, 08:33 PM

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Anybody here oledi get loan approve from bank? I'm wondering mine still no news from bank?!

iamgoodman
post Nov 15 2012, 11:04 PM

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hi, is pearl avenue location near to ivory residence? i am seeing ppl selling pearl avenue now even though still in construction.... selling like 350psf..... how much is the initial price for pearl avenue? anyone knows?
shawnk
post Nov 15 2012, 11:20 PM

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QUOTE(natoptkc @ Nov 15 2012, 08:33 PM)
Anybody here oledi get loan approve from bank? I'm wondering mine still no news from bank?!
*
Same here bro. No worries, we gave them our docs for loan submission. Pretty sure they are chasing the banks themselves. Any delay is their fault .
SUStikaram
post Nov 16 2012, 10:49 AM

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QUOTE(Talbac @ Nov 15 2012, 11:26 AM)
I agree with NoDoubt Leong and Twinscharger.Renovations and repair works are very very costly,  a little bit of repair work also costs a fortune. Those who buy old landed houses for 400K better factor in those repairs costs just in case over-budget.

1. Repair works and renovations must be financed by cash, no loan provided.

2. You have to be your own contractor supervising the repair jobs. In the end, if you managed to get any savings at all, you must be actually a contractor by trade. If you are not a contractor specialist, you have very slim chance of not getting chopped.

3. Now, do we count the salary for supervising our own house's repair work? If you are wage-earner, it is the worth of your foregone leaves, bonus, or commission if you are commission based. And days of golf outings if you are a business owner.

The current going price for new 2-storey landed in Kajang on average is 550K-700K. This specific area (Saujana Impian, Prima Saujana, Mutiara Heights, Kajang Groove), due to its proximity to Cheras, various highways, good township planning, and established commercial centre, new 2-storey landed property is going at 711K (please refer to the brisk sale Acacia of NAZA Groove).

My future house at Mutiara Villa, a 3-storey superlink (located next to Ivory Residence, what more evidence do you need) which I newly bought from TLS Group costs RM900K, and all are sold out within 2 months. Please do not mistake yesteryears' price to today's price.

RM275/per sq ft is very cheap by today's standards, Jade Hills condo is selling at RM382/per sq ft, Kajang Sentral Residence RM350/per sq ft. If you are looking to make money, Ivory Residence is a good choice, lots room for appreciation. A 30% appreciation will require the price to hit RM357/ sq ft by year 2015 which is easily achieveable as there are already condos in Kajang selling at RM350-RM382 / per sq ft today!

RM275/ sq ft is the price for year 2015, today you only pay 1%, then progressive interest monthly which in total will not exceed 4% of your purchase price. You do not pay full amount in these 3 years during construction, and you don't need the hassle to maintain the property during 3 years.

What you know for sure the housing in Cheras/Kajang area will be more expensive (no more land already) 3years later (2015), and not returing to levels 3years earlier (2009). House price will be better, rental market will be better.

I say if you were to invest your first property into Kajang, look no further than Ivory Residence.
*
I am not trying to poor cold water to buyer. I think Ivory is a good buy at below RM300psf

I want to ask. Can you compare Ivory with Sentral & jadehill like this?

Kajang Sentral is next to MRT & KTM ( walking distance) and should be very easy to rent out.

Jadehill is super luxury type condo, their materials if you check is all expensive, 4 blocks with only 366 units low density, international school, can acess to 5 star club facilities and possible another Desa park City/ bangsar in Kajang. Good developer with very good maintenance track records

Ivory is not super luxury and not near to Ktm.

Can compare price like that meah? not apple to apple wo.

This post has been edited by tikaram: Nov 16 2012, 11:00 AM

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