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Investment LAKEVILLE RESIDENCE @ TAMAN WAHYU, Another lifestyle highrises by Mah Sing

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babana
post Oct 1 2013, 05:29 PM

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QUOTE(tengster @ Oct 1 2013, 05:21 PM)
MahSing is not known as champion of CSR Project. Their signboard put BIG BIG RM688k for 950sqft.
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haha...knowing tms, maybe 550psf after 10% early bird rebate, 10% special promotion rebate, 5% miscellaneous rebate, etc...lol biggrin.gif
babana
post Oct 1 2013, 05:39 PM

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QUOTE(tengster @ Oct 1 2013, 05:28 PM)
Put up screenshot from MS website since I can't find photo of the billboards.
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memang tms...background oso photochop punya. based on my limited knowledge of this area, i dun believe the kl city skyline view is so big n visible!
babana
post Oct 17 2013, 03:23 PM

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design somewhat reminds me of capers / fennel, albeit less iconic biggrin.gif
babana
post Oct 17 2013, 03:49 PM

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QUOTE(accetera @ Oct 17 2013, 03:46 PM)
This design is way better than EcoSky.... such a waste EcoSky showed pretty normal facade.
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i'd beg to differ though. looks like beauty is really in the eye of the beholder...
babana
post Feb 6 2014, 11:33 AM

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QUOTE(Martinis @ Feb 6 2014, 10:23 AM)
I did not say a company is definitely good based on long history. I said new companies might have hiccups. It is a fair assumption because so many things must gel together to form a great company. Why the hatred for TMS? So far, no abandoned projects, no major complaints what? Maybe the way they price their launches pissed off many who missed the boats. I have no qualms though.  rclxms.gif And btw, who is magna prima? unheard of.
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Don't think risk of abandonment would be much of an issue here. However, to get a good indication of TMS's promises and complaints frm buyers, do consult purchasers of Perdana Residence in Selayang and Garden Residence in Cyber. Havent heard of positive reviews frm contacts of mine who purchased props there though. Not sure of their other developments.
babana
post Feb 6 2014, 06:30 PM

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QUOTE(Martinis @ Feb 6 2014, 11:51 AM)
Most important is did they make money or not? was there a risk of abandonment or not?

You base your opinion on lack of positive reviews? Very subjective leh. Over the years, I have heard of so many stories of lousy devolopers and lousy workmanship but still at the end of the day, those developments inevitably sort themselves out and in the end, nothing major happens. By that I mean, every development also make money, fully occupied etc etc. Most of those who complained about a development either 1) they missed the boats launched  by the developer 2) they sold already(made money very sure but missed out more). Are your friends under those categories?  tongue.gif

By the way, what were their specific complaints about those developments by TMS?
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During 2009-2012, anyone who closed their eyes and BBB any props ranging from low cost to high end props would've made decently as well. Question is would this continue looking at the softening of mkt moving forward? Hence the product and also pricing has to be even more important now. TMS's product has been mediocre-ly ok but pricing-wise...that's a diff story. I did say in my post earlier that abandonment wouldnt be much of a risk for this project, didnt I?

Of course for developers like Monoland, buyers are not complaining as the props are always sold at a lower price compared to the market. Heck, I would probably be vesting in Lakeville too with nothing to complain about if its below RM500psf. Don't think complaints made against TMS would be from those who missed any boats as unfortunately, I've nv come across any BBB/WWW scenes for TMS's projects apart from Savanna @ Southville City, which end product is still yet to be seen (btw, my friends are own-stayers)

If I didnt remember wrongly, one of the gripes i remembered him ranting was that even until now, there's still no phone nor unifi in Perdana Residence as TMS did not construct the infra for TM to lay cables in and TM is not willing to pay for the cost obviously. As for Garden Residence...the clubhouse is yet to be ready as promised after eons. U can read the respective thread for comments on the build quality. Can't help it if certain parties refuse to accept objectivity and blame it on lack of positive reviews instead wink.gif
babana
post Feb 10 2014, 09:54 AM

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QUOTE(Martinis @ Feb 6 2014, 07:17 PM)
Looks like you think TMS product is mediocre and pricing is very high. But then, that applies to most developers nowadays. A recent example being Tropicana gardens being launched at 1,100psf second phase compared to 750psf first phase. Isn't that more illogical compared to TMS? Dijaya also had their fair share of complaints on workmanships. Basically, the same set of workers/contractors are going round doing the same work. I also heard DPC workmanship really bad in the earlier phases. What about those soil settlement issues in Setia alam? I also heard so many complaints on SP workmanships. I do not know about the specifics of TMS not installing phone or unifi in perdana residence...maybe Big man can comment as i think he said he is vested but i do not think such problems cannot be overcome. Buyers always complain high and low no matter what they get. At the end of the day, as long as no abandon project, i get my product delivered, i can do defects rectification, i can rent out, i can sell....i am happy. The rest are just noises. So far I see, all the big devolopers are quite responsible. Defects might be there but they attend to it. that is more important. We can go on and on....but i guess you get the gist. Anyway, the topic is about Lakeville. My thought is that they are big and reputable enough for me to put my money IF the pricing is right. The only issue is the pricing. I have no qualms over their track records of delivery or workmanship as I am quite sure the end product will be delivered at least 90% close to what is expected.
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guess too many wrongs dont make a right wink.gif
likewise, am not advocating those projects stated above for investment purposes. for own stay, its a diff story alltogether as ROI wouldnt come into play but quality instead. as TMS's price is always on the high side, am looking at Lakeville from an own-stayer perspective. unless...like i said earlier, their pricing is attractive enough. definitely concur with you that pricing is one of the main issues for this project but another important 'noise' to note is also the pot of gold sitting below the lake. still havent heard anything abt TMS ensuring the the lake (at least around Lakeville's side) to be landscaped and and cleaned, though i really hope for them to do so as the lake frontage would be one of the top selling points of this project compared to Ecosky. anyone frm TMS can clarify?

QUOTE(accetera @ Feb 7 2014, 09:15 PM)
Stop comparing EcoSky here.

This thread is for Lakeville - a signature new development by Mah Sing Group.
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whoa, tkttt has finally spoken! notworthy.gif
agreed there are many ecosky buyers lurking here but cant help it if comparison is made between these two projects as both are currently launching new units (Lakeville vs ES Block C) and the proximity between both of them. as a potential buyer, i would prefer a healthy comparison to be made between the 2 projects for a decision to be made smile.gif
babana
post Apr 5 2014, 11:26 PM

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QUOTE(Kvsual @ Apr 5 2014, 11:06 PM)
Im not sure. If not mistaken, i saw this from PLTM FB. if yes probably BBB with this price, Freehold and Lakeside.
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is lakeville freehold or leasehold?
babana
post Aug 18 2014, 10:28 AM

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eh in terms of price...i remembered ecosky's aurora and basalta blocks were priced from RM620+ psf. is LV cheeper compared to ecosky?
babana
post Aug 19 2014, 10:48 AM

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thanks boss for the sales chart rclxms.gif
how much price increase per floor? looks like most ppl are going for the lower floors instead..
babana
post Feb 9 2015, 09:40 AM

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QUOTE(Paul Tan @ Feb 9 2015, 09:24 AM)
total 6 blocks.. not 8... yeah density is quite high... but the development will be the only one in that vicinity.. dun think there is another room space for another development... unless they strip of all the landed property in front of the Lakeville... but bare in mind the STP and the upcoming incinerator at taman beringin... its quite nearby... those are the few negative from what i read in this forum..

other then that, like u say, the layout is good, location is also not bad... jalan kuching and jalan ipoh is very jam in the morning, i agree... but at least it is still moving... so i am still okay with it...

facilities is a selling point and the lake as well (if they honour their promises whereby MH will spend around 3mil to uplift the area including the lake)...

and the upcoming two road link, one to tesco and another one to the jalan kepong lama... this will be a plus plus for the project...

Just my 2 cents worth...

cheers
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think within the vicinity, there's also kiara east and ecosky (apart from those landed residentials). one should consider those 2 projects as well as they are pretty near to lakeville.

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