Hi Bro/Sis, planning to get an unit at Palm Spring after view for twice, floor range 1-3.
After check with the bank value of the condo, is at RM 330k which tenants offer for RM 335k, is it worth to go for as fully furnish and 936sqf? Facing pool view.
Possible to request check with others bank value and follow the average?
Need strong advise.

Thanks.

This post has been edited by solarwing: Nov 26 2013, 01:21 PM

That place is worth to go in but if the selling price can be
Lower then even better. May I know which block?

How far away the Palm Spring from MRT station ? Will the MRT station boost up the price of this condo ? This condo created a splash in the market by forbidding foreigners (students in particular) to stay there.

forbidding foreign tenants? no wonder fire sale lah. good luck

Implemented a few months already. I don't see that they are in fire sales mode leh.

Maintenance office is quite strict, anything not right they will chop off the water supply. Looks quite well maintained, at least from what the eyes can see.

That's just my shallow impression. Someone who knows more can enlighten us.

quite doubt, if limit the foreign tenant, could the local tenant coupe with the rental rate? If those unit are not for own stay, sub sale mode on, quickly let go before every one knows about this cruel rulling

The block can be seen the shell station.

Just to give some more info to solarwing and the rest since he asked me..

To make some preliminary remarks, I've been living in Palm Spring Condo for about a year now.

The "forbidden foreigners" policy is not really true, since as far as I can see, a big chunk of dwellers belongs to African and Arab ethnicity.

Same goes for students, there are PLENTY of Segi University College students staying in the condo, but most of them are nurses, thus they do not really create any issue whatsoever.

Regarding the price, lately it's boosting up a bit due to the hype of the new MRT Project which actually is making me shiver as it will increase the already infernal traffic around the area. All in all you have the largest option amongst the apartments so I assume the price isn't too far off the current value, especially if it's FF.

Other things that might affect the price are the floor, the house condition and the direct neighbors (who you MUST check beforehand, trust me) in my opinion.

During morning the traffic isn't just on the street but you will have hard time (10-15 mins depending on the time) to come out of the condo itself (if you drive a car) unless you work during odd times.

The amenities are pleasing though as the minimarket, the mamak, the laundry provide all the basic needs in case of emergency. Badminton, all the swimming pools and playgrounds are added value and well mantained. Water bills are relatively cheap unless you are a big waster (I get like RM 20 every 2 months for a family of 2+baby).

The last negative remark is probably not the management which does an alright job, but part of the community itself, who sadly try to dirt the place as much as they can by leaving trash around and throwing sh*t down their balcony. Ok the last thing is quite biased but I almost got hit by a stray can while walking with my daughter and I live on ground floor so I see flying object on a daily basis, so yeah..

I hope I've been explanatory enough, if you need more info just lemme know. Cheers!

Bro, thanks for all the explanation! bravo..

This condo appreciates quite fast too.... middle of last year around 260k for 936sf. Now already 330-340kl range. Almost 30% increase!

New MRT station is very near, but I dont think this is a single contributing factor. Kota Damansara as a whole, had undergone a huge transformation, to a chic and happening place.

Not bad for a 2000 unit leasehold condo

Good location even with high density will always have the demand ..

This condo is full of black guys and foreign students. Waling inside during off officve hour is like pasar malam, so many people on the walk way and you need to jam when you come out from the condo.
Worth for investment and is no good for own stay.

Now reach 400k mark already

Last time launch that time on 2005 or 2006, price is RM160K only.

Recently means when?





Overall Palm Spring is okay..
To me, i think that the previous plumber contractor did a very bad job.
The car park flooded almost every time when rain pour. you can see water from every directions...
Plus, there are many water proving problem as well ...
Remember to check..

I like Palm Spring, it has a high rental yield from people working around Mutiara, Kota Damansara, and Bandar Utama... mainly young working professionals. That's if you wish to take that path, its cool!

cos i heard is that some foreigners murder a property agent few months back..
but that case was also happen outside of Palm Spring..

Bout your news, i not so sure wor...
murder case? suicide?

So, TS back off for continuing this purchase?

I also interested in this.
Reviewing and doing survey

what makes u like this place?

Walking distance to MRT dataran sunway station ? Also near other amenities.

yes..2017 mrt project there.. its one of the most affordable condos here..

Im looking for 400k+ property

but d only concern is whether it is easy to rent out or not.
because i saw alot of posting for rent out~
means too many supply already.
worry bout this.

and alot of foreigners there...
easy to manager the rental collection or not

sad thing is after i calculator the monthly installment against the rental expected to get....

no extra cash yet need fork out extra for maintaince fee.

worth to invest?

It's quite easy to rental if you are not too particular with the choice of the tenants.

Walking distance to MRT dataran sunway station ? how to check the exact MRTA point?



any 1 know d maintaince fee there? how much per monthm

http://www.mymrt.com.my/en/route-map

I estimate it to be about 300m to Dataran Sunway station.

Density quite high so maybe rental not that great.

What are the numbers you use for your calculation ?

This post has been edited by puchongite: Apr 21 2013, 06:51 PM

technically any rent that can cover your monthly interest cost and maintenance fee is a worthly investment in my opinion. Not fantastic, but imagine u get interest free loan to pay for your property..not too bad right?

Rental at palm spring ok.. If palm spring hard find tenants, means other place in condo harder d

+1

around 390k with tenanted 1600
consider not bad

but after discuss with my gang
found that surrounding are well developed.
if looking for prop value appreciation is hard.

any other opinion or suggestion where to invest?

i did called few agents
many unit just posted in mudah are already sold out
walao selling like hot cake now

maintainance fee around RM 150+ plus if loan 350k 40 years - repayment around 1.5k

so the rental enuff to cover all
we just need to fork out deposit and legal feee.

Very easy and fast to be rented out... both my units come with simple furniture rented for rm1800. So long maintenance is okay, I am optimistic on cap appreciation there, as at now almost impossible to find a decent condo less than 400psf in that vicinity and this have not taken into account of the future mrt and shopping malls nearby in <3years time.

You already know it is not bad ! Hard to find something at that price in that neighbourhood. I think current price has not loaded in the full MRT factor yet.

When everybody comes to realize that it is about 300m walking distance to MRT station in one or two years time, the cap appreciation will easily go up a few tens of percent.

I think it's a safe investment and proven location. Cap appreciation is the extra bonus.

exactly!!

but i found some place with only price around 400k but rental up to 2.5k
is this fantastic?
but prop value appreciation concern again

Then go ahead to invest in those ! Why would you still bother to consider Palm Spring then ?

near gizal mall... hahhaha i like

I hope you are not concluding just basing on info obtained from iprop, propwall and something like that. Info from these websites can be misleading.

nope, personally like giza mall hahahaha drink there always

mind to share?

Haha if got such place I also interested.

Maybe tsi_sam888 and I get to have priority PM if you don't want to publish it in public.

This post has been edited by puchongite: Apr 23 2013, 10:07 PM

yaya... good deal bro hahahaha

pm me~~~thanks!!

Hi you guys know any unit still available around 350k in palm spring?

Palm spring condo for sale below market price

* 3bedrooms 2bathroom
* 1,259 sq.ft
* selling price RM415k only. Market price 430k
* with 1 carpark
* non-bumi lot

call/whatapps 0123880837 kenny

What's the definition of "market price 430k" ?
Meaning this exact unit has been valuated before ?

Ya, is that the bank valuation?

bank value around that.

Slippery SA.

how about:
maintenance fee? value for yr money compare MC service for resident...
strata title? already issue by developer? mostly multi storey house got problem in strata title...
r u very sure u will not be extra charge for certain facilities...

Is management there still prohibiting any African and ME tenants?

Yes, still have pak hitam.

Hope to provide some info for PS :

mgmt fee + sinking fund: RM0.17/sq ft
strata title : obtained

Pak Hitam : much less now compared to last year. I personally think its a good move as the lesser of them, the better name Palm Spring will have and in long term, better market value for this property. The Pak Hitam's are one of the reasons which deter PS from having good market value. While Mgmt can only do so much as to ask owners to stop renting to them, only owners who see long term gain will avoid renting to them. We have to understand that some owners are still stubborn.

Security guards : recently changed and was impressed that mgmt actually hire the head of security a local guy who speaks our language. Before (ie 6 months ago), it was still some burmese head of security who speak very broken english and i had difficulty complaining to him for issues that occured at late nights. Last week the downstair unit of mine, some student tenants had music turned on till 12.30am. I called the security hotline when the guy picked up the phone, i realise he was a local. Told him the problem and he actually went to the unit and them to switch off. Then he actually texted me as a follow up to let me know he has met them.

Maintenance : i do see also improvements in facilities magmt in general although better effort can be done in terms of the lower ground floor-4th floor wall painting where many use the lift at those floors to access from car park to their units. Some inconsiderate tenants sometimes places shoe marks on the walls. And yes, the good thing about this place is, if you dont pay mgmt fees, they will cut the water off. This move have help in the collection of on time mgmt fees to maintain this property.

DOWN POINT :
Traffic : agreed that it is bad jam in the morning during rush hour and weekends!!....then again..i witness the same in mont kiara, bangsar, dataran sunway...etc. What to do lah...seems like a predicament for the rakyat now everywhere. Hoping the MRT will help ease a little of this issue in later years.

Car Parks : Limited.

PLUS POINT :
for families and for those with old parent's, this place is great thru my own findings. My friend's mother who is old...when my friend go to work, her mum are able to have lunch at the PS area easily as shops are within the compound. She can buy simple groceries at the mini mart and back then when there was a hairdressing place, she even have her hair wash there. It allows for old people to be independant in PS. For those with kids, its a homely place for evening walks and some play area for kids to play and swim.

amenities out of PS property : easily assesible to 7-11, massage centre, mamak just by walking thru a small gate between Block C to these places.

Hope the above helps.

This post has been edited by miu moon: Dec 14 2013, 07:01 PM

Those bad condo management offices should learn from them.

amazing but fair opinion from moon above
I stay here since early stage (while block ABC still under development), I see many changes, we all gone through good and bad, most important is, it has improved and still improving.

The JMB kicked out the blood-sucking-developer who tried to monopoly our maintenance fee and some funny funny problems that you will not know (tell you only if you have bought here)

I agreed with Moon, my mom came from hometown is able to fit herself in the compound. The minimart sell almost all the major raw materials for your cooking. With 99 is nearby, daily cooking has no issue. My aunt whom moved out misses PSpring so much.

For traffic issue, everywhere also similar la, if you are able to avoid the peak hour, its quite ok, basically its better than those coming from Giza side as we are able to skip the traffic light (in front Shell). There is alternative to tropicana and to NKVE(via old Sony Jalan Tanjung), which I found more convenient compare to Casa Indah.

If u are buying for stay, its an awesome place with friendly neighbors.
If u are buying for investment, I think its cheaper than a lot other condo nearby.

how much does it cost noadays?

Hi there, need advice from ppl staying in PS.
I have annoying neigbours (Mat Rempits/geng motor) who kept ringing my doorbell at 10-11pm
If I file a complain to the management/call security, any action will be taken? I prefer not to confront them (already got bad hse break-in exp in 2012)
All other neighbour are cool, no kacau2...

Fix a camera at your door, or even a fake one might help.

BTW, which block/floor from?

I really doubt they would stop, but it's worth a try. Thanks

Block D, Level 7

460k 1023ft, pool view, fully furnished. Is this worth to invest?

Why not?
Could not find better deal near the area right

But monthly rental cannot cover loan installment. Rental about 1.6k only.
Nearby pelangi apartment unfurnished 350k. Which one better?

Which condo in kd now rental can cover?

Frankly Pelangi damansara is better bet for that price range in that area.
Closer to curve and upcoming mrt.
Agree these days property prices mostly negative cash flow.

Really no condo can cover meh? How about other areas?
But I think after the mrt built up, then rental will increase.
Hopefully tat time can cover..

Ya, Pelangi with better price. But need to check the environment inside.
Affraid the foreigner might be more than palm.
Still hv to buy even negative cash flow, affraid tat when implement gst will be not affordable anymore...

Blackie at Pelangi side also got but much less.
Price is more or less the same roughly 500psf.
If u interested let me know I know one agent can show you around.

How is this place now? What is the recent price? Am thinking of getting one for investment purpose.

I believe the price will further go up after MRT is completed.

How far is it from the mrt ? Within walking distance ?

My guess is around 0.5-1km.

Which is nearer to MRT station, Palm Spring or Pelangi ?

palm spring bro

Palm Spring condominium... very good for investment, not for own stay

Why good for investment ?

So high density, sure got somebody wanting to sell the units off cheap cheap. So appreciation limited. Isn't it ?

The 2 nearest stations will be Dataran Sunway and The Curve.

Dataran Sunway --> Palm Spring --> Pelangi --> The Curve.

The distance is almost same for each to go to its nearest station.

Look at the surrounding. At +/- 450psf, it is relatively cheap (never mind the 2000 units)
LOCATION LOCATION LOCATION.

KVMRT1, DASH, upgrading of Persiaran Surian

Relatively cheap is the problem, meaning it's has not been able to appreciate much.

Yes, it is appreciating but as soon as it goes up a bit, someone will dispose it.

Supply is high. There are so many units and so many potential transactions.

rental play is still there. Cap appreciation is a bet because of the train station. Place your bets, place your bets. Won't die as can still be rented with a fair yield.

The MRT when it will be targeted to complete ?

I wait until neck also long. Which will be commissioned first, MRT or Ampang Line LRT extension or Kelana Jaya LRT extension ?

1Q in 2016

According to the info I found online.

MRT - July 2017

Whereas LRT extension is 1Q 2016.

For MRT is even 1.5 year later than LRT extension.

I think by the time MRT is almost ready, u can't get back the same price anymore. How much now? 450k?

Is it leasehold or fh?

Kota Damansara are mostly leasehold, so this one is no exception.

leasehold...
the price still can go up as soon as mrt completed..
ppl looking for rent there

TKC,

Just saw palm springs 2k condos picture in Sunway Galaxy's new mall plus office project next door.. Despite the high density here, will Galaxy's mall push prices up here as I think it's walking distance..

Kindly PM me if there is a Palm spring owners whatsapp group. Thanks

Unit No. B-1303A, Block B, Palm Spring @ Damansara, No. 1, Jalan PJU 3/29, Kota Damansara, 47810 Petaling Jaya, Selangor
Reserve Price RM262,440.00
https://www.ngchanmau.com/property/33784

Do check the outstanding maintenance fees of the unit.

Outstanding 40k? Jialat

like never pay since beginning, but this price and this size seems not bad ?

my colleague's Civic stolen from palm spring's condo parking (10 years + ago) ..... the theft just drove the car out ... =.=

Unit sold today at 318k. Big fight between 5 bidders.
End up higher than last month reserve price.
Total outstanding amount is more than 45k++.