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Investment Maxim Residences @ Cheras KL

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Newbie188
post Jan 13 2016, 02:41 PM

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I wonder why still got people buy in such a high price compare to connaught avenue sub sale price 400K++ only? Some more will be a new project launching soon by akisama for that said land so called connaught avenue phase 2, this area may flooded with highrise services apartment, very difficult to rented it out.
Newbie188
post Jan 13 2016, 03:51 PM

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QUOTE(gks @ Jan 13 2016, 03:16 PM)
CA is 950sf and it is about RM450-500k subsale

PSF wise, it is quite similar. However Maxim Cheras has better facilities than CA. Quality of finishes and workmanship remain to be seen.
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Are you sure can sell above RM450K, plenty of owner are queeing to sell thru iproperty? asking price and transacted price is different. For own staying purpose maybe slightly better, but if for investment purpose, it didn't seem give any extra value to the rental price.

Same scenerio at Parklane OUG, before hand over, owner wan to sell above RM500k, after hand over RM 450k is so call worth to buy property, after few month RM400k, now drop to RM350K still can negotiate.

For own occupying owner won't feel worry about this property, but if you think can make money from this property, depend to your holding power.




Newbie188
post Jan 13 2016, 03:59 PM

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QUOTE(WTLW @ Jan 13 2016, 03:41 PM)
R u sure 500psf is consider high price for under cons property in KL? And how can u compare the price of a 4 yrs old completed condo & an under cons condo with better design & feature?
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When during handover time, your property will automatic compete with the surrounding sub sales condo/service apt. You think you go to market buy vegi, fresh one will more expensive?
Newbie188
post Jan 13 2016, 04:40 PM

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QUOTE(gks @ Jan 13 2016, 04:26 PM)
You maybe interested in CA and done your due D. Do enlighten us about the transaction prices.

However a simple search from Brickz is showing CA transacted from RM420k to RM510k for 950sqft. 

OUG parklane is 4000 units property with zero differentiation. i do not think out there is a right comparison with any development in Klang Valley.
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People buying property is based on website value? is based on market sentiment, if the area if flooded with so many units, what is a special for them paying RM500k to own a unit?

RM 500k++ is because of developer is willing to give a rebate, so is ease for prospect buyer to come out a minimum downpayment to own a property, all factor in the sub sale price already. Must think after handover, can you give a rebate to your buyer if you wan to sell? If you have capital why need to pay more just because intend to enjoy the rebate?

This post has been edited by Newbie188: Jan 13 2016, 04:51 PM
Newbie188
post Jan 13 2016, 05:05 PM

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QUOTE(gks @ Jan 13 2016, 05:00 PM)
Hi Newbie, you are out of topic. You should ask your question in general topic. And i do agree that we shouldn't buy property based on website value. However, Brickz and Theedge are good reference for the transaction.
And from the transaction data, it shows the transaction value of CA ranging from RM420-510K. Whether it is worth RM500K or not..... it's boil down to the buyers reallly.
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Ok, if based on brickz, the price is keep dropping, make more worry to the investor, agreed? 500k I think is the historical price so far, we shld based on average price, are you? Don't mislead people with the data.
Newbie188
post Jan 13 2016, 06:15 PM

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QUOTE(WTLW @ Jan 13 2016, 05:42 PM)
There are many factors to determine a subsale price for newly completed project, n of course the surrounding sub sale condo will compete with each other. BUT does it mean that a newly vp condo hv similar price with a 10 yrs old condo next to it? Definitely NO, unless u can show that this happen in major area in Klang valley or malaysia. Hm..i think u r wrong again, how can u compare property with vege? Your this classic example 'You think you go to market buy vegi, fresh one will more expensive?' should be the Best Joke Of the Year. Read more books n stop making joke around.
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When people saying oil will drop to USD 30, people like WTLW will comment joke of the days.

No point are argeuing here, here a lot of joker also


http://www.chinapress.com.my/20160112/dibs...BD%89%E6%89%8B/

500psf is not consider high price for KL property (KLCC or Cheras?), honestly i wont laughing on such statement is joke of the century, i rather will buying new launch sg long property near UTAR (at least rental is guaranttee) at RM450/sf only. PJ area sub sales near sunway collegue also won't so expensive. Wise man like WTLW may laughing at it.


Newbie188
post Jan 13 2016, 06:17 PM

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QUOTE(gks @ Jan 13 2016, 05:18 PM)
Hi Newbie, first of all you ask question whether can sell above RM450K or not. The answer is yes as shown by historical data from Brickz. However rather than substantiate your arguement, you layer your question with another question.

Please do your own homework if we want to engage in healthy discussion.

cheers!
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You try to find a figure to support your statement but you not to telling a fact, one transcation 500k can tell you what? Can you tell us what is the average transcation price fr connaught avenue so far??

Maybe you are the buyer or S.A for this project.

I just can wish you good luck!!
Newbie188
post Jan 13 2016, 08:18 PM

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QUOTE(WTLW @ Jan 13 2016, 08:07 PM)
Hmm..again u made another wrong comparison (should i said u r not familiar with KV property?), how can u compare connaught ppty with sungai long, where both distance r 10km away?? 10km from CA can reach Bukit Bintang, can i compare CA price with BK price? If u think 500psf is high for KL add prop, i would suggest u to semnyih apartment (200k+) or PR1MA house..affordable n comfortable..
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Did you think too much??or maybe you read too much book until can read more beyond my mind?
I not comparing anything, i just say i rather buy bcos of the ROI is more guaranttee.
I'm not S.A here need to find a buyer here, buy or not buy is not a matters too me.
But may important to you !!

Newbie188
post Jan 13 2016, 08:23 PM

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QUOTE(WTLW @ Jan 13 2016, 08:11 PM)
Btw i never meant im wise or whatever, but at least i know by reading more book will make more intelligent. At least will not compare  a prop with vegetable..
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Reading more book will make you more intelligent? are you kidding? I only can say might make you more knowledgable only, but wont make you more intelligent.

Newbie188
post Jan 14 2016, 11:42 AM

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QUOTE(WTLW @ Jan 13 2016, 08:30 PM)
Of course important to me..i bought at 400psf during that time n now easily earn gross 100k, dun even talk about vp in 2017. U continue to look for ur fresh vege in sungai long pasar lar..Haha
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LOL

Well, feel happy you can easily enjoy RM100k gain after the purchased and i'm very optimistic will get RM700/sf after V.P, hopefully Akisama don't throw a 2000k unit at the food court area there, and hope them also selling at least at RM600psf too. I think RM600/sf for akisama to sell a property is not a big problem, they just can quote "where got new construct property may sell cheaper than existing project". Can forseen is a long queeing ppl project. Hong kong artist will invited too to push the sell same like Parklane.

Your purcahse price roughly same when i purchase DPC, just bit lower when i purchase setia alam, i just like to buy a property from a prestige developer at least i can sleep well every night. I scare my project will become another selayang spring, montena cheras, one amerin, waitng VP until neck also long. No worry, this project is handle by so called P.V boss, u still can enjoy a sweet night!!

What's wrong i buy a vegi from sg long pasar, i'm human must eat vegi from pasar, I'm not a worm, only look for book to eat. I'm not going to pet shop to buy a vegi too?

But one thing i shld admit your cleverness, i really purchase a property at semenyih, I not dare to buy Kiara Plaza, I just dare to buy Cradleton E.M, at least got new access road, SUKE highway also not intend to extend to this area, but unfortunely need to pay toll to enjoy the new access. So may drop by sg long pasar to enjoy a cup of coffea before i enjoy the nice environment there monthly. A little bit upset is which i can't hear the fantastic sound from car engine and MRT pass by frequently.
Newbie188
post Jan 14 2016, 01:17 PM

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QUOTE(BEANCOUNTER @ Jan 14 2016, 01:02 PM)
frankly Newbie....I still catch no balls on what is your actual arguments or debates were......its much like the comedy show 'steinfields'....a show about nothing but damned funny..... tongue.gif

I also failed to link your purchases in dpc and setia alam and now EM has anything to do with Maxim Cheras.........
if you tried to tell the world that you are a blardi good property investor....then I take note of it....and move on.....
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LOL
Newbie188
post Jan 14 2016, 02:28 PM

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QUOTE(propertybbb @ Jan 14 2016, 01:56 PM)
Lol. Simple and sure win. Lol
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Where got so easy to make money after signing SPA, mine one need to wait so many years and also thanks to recent year property boom only manage to get some profits.

WTLW is the lucky one, immedate RM100K gain after purchased, and more profit will forseen for coming 2017 year too.



Newbie188
post Jun 21 2016, 03:46 PM

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QUOTE(WTLW @ Jun 20 2016, 10:02 AM)
Visited their office yesterday. Left few 1000+ sqft unit. Selling average RM510-520 psf nett.
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You shall faster grab those units, easily RM650/sf after handover as claimed by the buyers and towards to RM700-750/sf next 2 years. walking distance to MRT and hot spot cheras sentral, where can get such price in KL city? Rental also not an issue for this area, with MRT operating next year, timing is tied with hand over period. Just shake your leg and wait for the rewards.
Newbie188
post Jun 21 2016, 04:13 PM

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QUOTE(BEANCOUNTER @ Jun 21 2016, 03:56 PM)
wait til you see the end product first lah....

you think every condo link to MRT or linkable to MRT also can see 700psf and above meh.....

even IF you can sell for 700psf........how to shake leg? 2-300k can shake leg already meh these days in KV?
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shake leg bcos not need worry about this property anymore, not ask you, your whole life depend to this property only.

People said is worthy project to invest in KV, then you don't object la, listen and accept, where got such price in KL. LOL They invest RM400/sf, now already increase to RM500/sf after signing then when handover will price tag at RM650/sf, next 2 yrs RM700-750/sf, you telling people to wait until end product delivered? They all laughing at you.
Newbie188
post Jun 21 2016, 04:25 PM

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QUOTE(BEANCOUNTER @ Jun 21 2016, 04:22 PM)
this is my only investment property...therefore I want to reap the maximum profit before retired.......

700psf lai lai...chip chip....real cheras address leh....
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No problem lah, sure can one, just timing problem, the rest is not an issue.
Newbie188
post Oct 11 2016, 04:08 PM

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QUOTE(OperaGhost @ Oct 7 2016, 10:59 PM)
Any news / indication on subsale prices since its gonna be VP soon comes Q1 2017.
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As claimed by the SA, buyer are expected after V.P easily can get RM650/sf, predictable after eko cheras completed, this project can flip to RM 750psf-RM800psf. Now posted sub sales price already RM650psf onwards. Boosted with MRT facility and hotspot cheras sentral mall, expected can rent out at RM2500/month, and easy to rent out. No regret, no worry about this projects.
Newbie188
post Oct 12 2016, 02:24 PM

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QUOTE(peri peri @ Oct 12 2016, 09:30 AM)
so optimist about high sub sale price nowaday?

look at the sub sale for Akisama project next to u then u will know
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According to one of the forumer "nvr compare 5 yrs old project with a new project with better design & feature", this project is much more better than other, and he is expecting to get RM700psf once V.P. New project must selling higher than old project. What do you think, peri peri?
Newbie188
post Oct 12 2016, 02:43 PM

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I just visiting newly handover project, just 1 yrs old called Le Yuan, built by UOA Group, the quality & design so nice, the security so tight and with a nice design security guard house, very impressive with the man made beach, nearby chinese primary school, now only selling ard RM550psf, Maxim residence 542 units with narrow entrance and basic features wan to ask RM700psf. Anyway nothing is impossible!!!Haha....
Newbie188
post Nov 3 2016, 09:20 PM

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I feel release for my life after reading this post
I feel happy staying in flat rather than Tan Sri, Dato Dato staying in bungalow, cox the non current liability is great, the bungalow not belong to them is belong to bank.
I fee happy to take MRT daily rather than those big boss driving luxury car, cox the non current liability is great, they need to pay to bank monthly.
I feel happy I didnt owned any biz, if not, my non current liability is great, every month need to serve bank loan.
I feel very pity to those listed company boss, most of them burden with non current liability, the company is belongs to bank.
So what so great and proud be a rich man, you all are tight up with non current liability.
Like me is good, nothing in hand, so not tight up with non current liability.
I'm feel great too, cox i didn't need do a presentation about company performance to the boss, cox just a little potato in this society, not need to face stress from boss.

Newbie188
post Nov 3 2016, 09:26 PM

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If you think you can sell RM700/psf just go ahead, you think i can influence your property price, pls open your eye and mind, look ard, observe what happened nowadays. When telling you a facts, you feel insult, what lah....

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