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

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billy08
post Apr 9 2015, 03:52 PM

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Joined: Jul 2008
From: Petaling Jaya


QUOTE(seeseelooklook @ Mar 22 2015, 02:05 AM)
When I went to the sales gallery last month, I really considered buying it. I was looking forward to buy my first property, and especially attracted to those low entry cost ones. For me the location is good because the location is quite close to the city center (only 15min without jam), high discount, comes partially furnish, which should work for me since I cannot afford to fork out the big amount of money for d/payment + renovation.

I was already preparing my documents for loan submission (I have not pay booking fee), and at the same time doing a lot of research about the property, and decided that its a no go for me, for a few reasons:

1. The incinerator that's only 2km away, of which completion is also on 2018, same with Lakeville
2. The total number of units is just too damn high. Yes, its a big land area, but all sharing common facilities???
3. The lower cost condo right next to Block F
4. The rubbish dump
5. Its weird that Mah Sing is throwing lots of discounts everywhere, could be due to their cashflow problem. On their defence the rights issuance by Mah Sing seems to be very successful (at least according to The Star newspaper), but then you only issue rights when you have cashflow problem right?
http://www.thestar.com.my/Business/Busines...ibed/?style=biz

Anyway today I made a booking for a different property NOT around that area, now just finger cross that I get offer for loan:)
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So which property did you decide to buy instead?

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