M Residence 2, Review and status
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 Apr 2 2013, 02:56 PM, updated 7y ago
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#1
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Junior Member
34 posts Joined: Mar 2013 
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Hello users!
 I was looking forward for the preview of M Residence 2 @ Rawang. And managed to book a unit on the 1st day of the preview itself. However upon submission for loan, I was informed by the banker that the land to be developed is still listed under agricultural. Is it going to a problem. Please advise |
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Jun 3 2013, 12:39 AM
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#2
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Junior Member
34 posts Joined: Mar 2013
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About the loan. I have got mine approved form CIMB, MBB and RHB. Currently only RHB can offer attractive interest rate , BLR-2.45%. There was quite a delay from RHB but it's understandable as they obtained the EF after CIMB and MBB. PBB is not a wise choice I would say. They were the earliest to take all the documents and until today no proper respond. Take note to inform your banker not to include the lawyers fee into the loan as they might just do as they did for me. And you have to go through appeal process. But no biggie.
The SnP signing will begin in June according to the Khairunisa & Co. |
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Jun 3 2013, 12:47 AM
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#3
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Junior Member
34 posts Joined: Mar 2013
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A small issue that I observe during my visit. The road which heads to the MR2 have to pass through the school. Checked with SA and no other alternative road in. Meaning to say, the area will b a little congested during before and after school.
The land is strata titled. Meaning to say, any renovation that you wish to do should have approval from the joint management. It contradict with what the lawyer told me earlier. According to them, the renovation is prohibited prior to the conversion of the master title to strata. Renovation is allowed after. Need to check on this matter. Anyone have info on it?? |
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Jun 7 2013, 08:30 AM
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#4
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Junior Member
34 posts Joined: Mar 2013
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QUOTE(Chris Chew @ Jun 6 2013, 07:56 PM) We can dont use the word of comparable but just use a reference or performance comparison. Very good view. I couldn't agree more. I don't think we can speculate the growth based on the distance alone. Setia Alam is very good example. Besides that, look at Kajang and Bangi. It is even further from KL. But it's almost impossible to land yourself a decent landed below 500k. Even if it is, it will be far away from the centre of the town, such as semenyih and sepangBdr Setia Alam was nothing bfore the first phase was launched. It just few kms away from Bdr Bukit Raja Klang not 20km bro. It boom bcz of the township itself and SP Setia took pace in just few years time to get majority of Klang upgraders to Setia Alam and took ard 10 years to get almost everything in and commercial ready. In fact, Bdr Setia Alam is very successful today. It doesnt boom bcz of Klang catalyst but itself and definitely Rawang does not rely on Klang as it catalyst but some major rapid developments among big developers to grow each other in time frame. It also targeted upgraders from deeper Rawang, Bdr Kundang, Tasik Puteri, Kuala Selangor or Sg. Buloh. The Rawang liner could be extensively nearer to Shah Alam Guthrie corridor, Kuala Selangor, KL, Selayang and Kota Damansara instead of Klang, which is 40km away.  I think the development of more amenities could trigger the growth. The aeon is a good example. Hopefully there will be more amenities. This post has been edited by crakalatin: Jun 7 2013, 08:33 AM |
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Jun 19 2013, 03:02 PM
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#5
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Junior Member
34 posts Joined: Mar 2013
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QUOTE(jason_chee @ Jun 19 2013, 09:46 AM) LO is Letter Offer from Bank. Usually u sign it before u sign Loan Agreement. you can tell ur lawyer that you want to sign SPA & Loan Agreement on same day. LO and Loan Agreement is 2 separate documents but relate to each other. The RHB banker were pushing for the signing of the LO. Since I was satisfied with rate offered, BLR-2.45, I proceed for the signing. He did mentioned regarding the flexi thingi. He said per transaction will be charged RM50. Thats a lot actually. Is it still possible to get the re-drawal fee waived. Of course the banker going to say no. But anyone has any idea if its possible??but take note, once u sign LO, you cannot say NO to that bank. U need to pay penalty if u cancel the loan after u sign the LO. hmm... i got RHB as well. i think mine is BLR-2.40 with 3 years lock in upon first drawdown. It's semi flexi where i can pay principal upfront. The Loan Officer help me to waive the re-drawal fees. on top of that, the Loan Officer move my main account to Rawang Branch. So i don't have to go to their Branch in Puchong. Rawang become my holding Branch. You did you move the main account huh?? Does it affect the loan?! |
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Jun 19 2013, 08:30 PM
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#6
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Junior Member
34 posts Joined: Mar 2013
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Of course when you bank in, you wont be charged. But your withdrawal will be charged.
I think the offer of BLR-2.45 still stands. I actually signed the LO recently, like 2 weeks back. Find for RHB banker. I dont mind giving the banker's contact, but his service is not so satisfying.  |
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Jun 26 2013, 02:39 PM
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#7
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Junior Member
34 posts Joined: Mar 2013
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I am A1 buyer too
 and for my own stay. I would like to see the list gets longer.  I have to agree that the price wont shoot up too high. Given the circumstances that couple of other projects are on the rise (Glomac and Low Yat Gp), MS wont be able to capture the buyer if the price going to be too high. May be that is the reason why they are delaying for the launching of the next row, A1 in particular. |
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Jun 26 2013, 07:08 PM
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#8
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Junior Member
34 posts Joined: Mar 2013
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QUOTE(rachel_xxx @ Jun 26 2013, 06:34 PM) Received call to pre sign spa. Is it norm for pre sign spa? The lawyer firm called me as well for the pre signing SNP. I think I'd rather wait and sign everything later. Apparently, it will be somewhere end of next month. |
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Jul 3 2013, 11:00 AM
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#9
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Junior Member
34 posts Joined: Mar 2013
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QUOTE(asil66 @ Jul 3 2013, 09:16 AM) so far, which bankers did you guys signed with? am considering rhb here... Currently, RHB is offering better rate than the other banks. BLR-2.45. I believe many are signing with RHB. I did! |
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Jul 11 2013, 11:50 AM
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#10
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Junior Member
34 posts Joined: Mar 2013
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Guys, I spoke to my SA. He said the increase of the maintenance fee is not true. As of now, it's still 180. And I did called up the lawyer firm since I received a letter from the bank for loan agreement signing. He said I can hold it form the time being as the developer are yet to obtain the APDL. I also inquire on the so called '280' maintenance fee rumor. He assured me that it is still 180 (136 for security and the balance for community maintenance;club house). I hope Mr. Lim is right. Don't want to be alarmed by any new terms.
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Aug 3 2013, 07:38 AM
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#11
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Junior Member
34 posts Joined: Mar 2013
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QUOTE(das_1120 @ Aug 2 2013, 11:31 AM) Hi Bro, pls advise me as this is my first property purchase. Be very careful. If the law firm asked you to sign the PRE-SNP, you can choose to say no. But when the APDL is out and the firm ask you to sign the SNP, than you have to sign unless you have certain terms you are not too happy about. But even that is standardized. I received call from lawyer yesterday asking to sign the S&P ASAP by next week and proceed with down payment. I know that the this project do not have AP yet. I book my unit in may and already apply for loan. So is it adviseble to proceed with S&P signing or wait till the AP approved? And if I sign now, what is the pro&con? Any other members also pls advise me ASAP as the lawyer given me 7 days from yesterday to proceed with S&P and i have fixed appointment with them on this sunday to sign... Is it true that i only have 7 days?? Pls advise. Thanks guyz.. My only concern is the loan. The bank have to reevaluate the loan once it has lapsed the validity period. Hopefully the bank won't come up with some extra stupid terms by the end of the evaluation. I think it is very true. A lot buyers are mostly 1st time buyers just like myself. But we are the y-generations. So don't stop bugging the SA. Lol. |
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Jan 16 2014, 11:06 AM
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#12
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Junior Member
34 posts Joined: Mar 2013
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The thread is indeed slow. As been mentioned earlier, it will pick up again once the disbursement commence.
Anyway guys, just to repost the details I came across. The TWO, http://www.daland.com.my/index.php?cur=pro...1&title=Concept If it goes well, it will change Rawang as a whole. Glad that I purchased the Apline. |
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Jun 18 2014, 11:06 AM
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#13
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Junior Member
34 posts Joined: Mar 2013
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That means Alpine is fully sold out huh?! Thats very good.
I have also receive cc copy from Mah Sing to the bank requesting to release the fund. How about the progressive payment? Any idea guys?! When it will commence?! |
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May 24 2015, 02:59 PM
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#14
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Junior Member
34 posts Joined: Mar 2013
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My concern is about the congestion. If the residences of the apartment are going to park their cars along the roads it is going to be an eye sore. Even some condos have this issue. Hope the JMB will ensure it doesn't happen.
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Jun 24 2015, 04:02 PM
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#15
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Junior Member
34 posts Joined: Mar 2013
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Is the pipe from the gutter has specification in the plan? It makes the entire structure looks awful. Its not as though there are no other ways of doing it. Where do we channel our complaints to? Any idea?
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Jul 10 2015, 08:59 AM
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#16
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Junior Member
34 posts Joined: Mar 2013
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I contacted my sales rep. He claimed to have checked on the matter. This was the reply. Hopefully it is true.
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Dec 1 2015, 10:14 AM
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#17
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Junior Member
34 posts Joined: Mar 2013
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Thanks to the photographer. I myself have been wanting to go but skip the idea knowing the road condition will be bad.
The rain gutter piping issue still remains which is yet to be rectified. Words are that it has been moved and the current one is the best they can do. I think we should raise this matter after vp. I am one of the watsapp mr2 group member. Its easier to get update since I dont log into this forum on daily basis. Many of them already got the TNB and Syabas payment letter. We can expect the vp after chinese new year I guess. |
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Dec 20 2018, 12:53 PM
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#18
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Junior Member
34 posts Joined: Mar 2013
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QUOTE(AskarPerang @ Dec 14 2018, 11:34 AM) Now is the time. Thats super good deal. When I came across these lelong units in MR2, I checked with some of my friends who had similar experience in their neighborhood. Apparently, the lelong units will not depreciate the property value of the area. The property value determined by a lot of other factors such as the occupancy, amenities, infrastructures, demand, etc. So, yes, its a little hurting when you see the price of the lelong units now but in all honesty the early buyers did get good deal for their units. Another cheap 2 storey semi D cluster unit available in lelong. Vacant unit. Brand new condition. Developer units at 700++k. So do your own calculation see whether which is more worth it. 10, Jalan MR 2/6, Taman M-Residensi 2 New reserve price🔥🔥RM 505,300🔥🔥 Leasehold until 2115 Land area: 2080 sqft Auction: 27-Dec-2018 (Thu)   |
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