M3 Residency @ Taman Melati, Setapak

Type A, 3+1 ROOMS 3 BATH, 1092SF
Type B, 2+1 ROOMS 2 BATH, 925SF
Type C 2+1 ROOMS 2 BATH, 807SF
FULL CONDO FACILITIES, WITH ONE COVERED PARKING

4 minutes walking distance to LRT
11 minutes walking distance to TAR College and UTAR
1.5 KM drive to MRR2
20 minutes drive to KLCC
412 units low density

FREE SNP, NO DIBS/REBATE

Pros
---------------
A) 5 Minutes walking distance to existing Taman Melati LRT (150m - 250m)
B) JV with DBKL, abandone risk should minimal though it was abandoned before and company has been taken over by new directors.........
AP and Developer Licence newly granted....
C) Attractive PSF
D) Mass Market...
E) Near to TARC, UTAR...
F) Rental target market:- local working adults, student play
G) Conservative Estimated rental: bare unit in PV asking for 1.6K at least...20mins walking distance from LRT/TARC

Cons
-----------------
A) Leasehold
B) Surrounded by malay flats and residential
C) Next to Surau - no offend to muslim
D) Oxidation Pond - however, it will be covered up...approval from IWK/DBKL granted....

Investable? what's your thoughts?


Attached thumbnail(s)

pic attached shown is the remaining unsold units........

of course prices have also been revised upward accordingly......

but still think its of one of the best new launches in term of price-point and strong USP walking distance to LRT/UTAR/TARC......

Not sure. but according to SA, there are still few limited units due to loan rejection??

iamgoodman boss,

what kind of info you wanna know more....

please be specific

enclosed with the latest unsold units

red highlighting means sold.

PMed you the contact.




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PMed

This post has been edited by keneeth111: Jan 31 2013, 12:16 AM

You gotta call the contact given yourself if you're really interested =)

PMed

haha...could any purchasers/investors passby and snap photos for update?

cutelax boss,

mind to post some photos to keep us updated?

thanks tmc boss latest photos.........

yeah, agreed with oxm8 that the progress is slow........@@

anyway, its better than no progress =)

This post has been edited by keneeth111: Jun 12 2013, 09:59 PM

most probably....i guess it has been close to 1 year since the day the snp signed.....

with the current speed of progress, are they able to deliver on time??

yeah..pray for the best.......

still doing piling works.....

Good then, lets get our payment ready for those loan less than 90%....piling works usually take longer time, once the foundation is concreted, everything will up very fast....just in optimistic point of view....hehe

Received a call from devoleper last few weeks and asked to prepare the next 10% payment and to verify our hand phone are contactable....anyway, please get the works done first, we are always ready to pay.....

According to fren who had checked with the uncle whom believed to be main-con on the site the other day,

the slow progress due to the followings:-

1) Soil is too soft, more pilings are required than normal site....
2) The earlier pilings for abandoned shop-lots weren't sufficient, they have redo............
3) They have to stop work at 5pm sharp, as there's some complaints lodged by the residents nearby.....

Noted that's only one piling machine crane there which is really inadequate to cope the speed and fight with stipulated completion time-frame..........

but there's progress................better than nothing..................

tmc boss, is that too early to calculate penalty interest??

completion of the building within stipulated timeframe is more important than anything else for every purchaser...........

tmc boss, what else can we do as purchasers than praying hard for the project to be completed.........??

think it was kinda expected when everyone inked their sales and purchase agreement..........

finally M3 had made its first 10% claim....billing invoice received with certified by architect cert, due date: 12/09/13

have you guys ready for the payment??

wonder whether its good news or bad news??