Kiara 9 which is next to this project has only occupancy of 30 plus %...

Wah, 30+% so low occupancy only

This kiara 9 is in so wrong location for the price tag.

Lets hope this twy always low occupancy rate...he he.

This post has been edited by HELLO HELLO: Jan 22 2014, 08:46 AM

Ok, let me share some bad comments here. I have couple of units around MK. 1500sqft+ and 1300sqft+.
Both units took me a year to lease it out. I have to beg the agents to bring ppl to visit my units. I've spent substantial amount of time and money on renovation so that the viewing can attract tenants. At the end, I have to lower my rental to the extend I have to top up for monthly mortgage + management fees. Only managed to get 1 yr contract. Luckily I sold one unit out last year. Another unit still vacant for new tenant. I'm only asking for RM3k and my unit is only 4 years old. Still very quiet. Note, MK28 is a lux unit. Super nice. Check out how many units available for leasing.
There are too many units available around MK for leasing. If you think of buying for own stay, I think should be a good buy. But if you think of investment, sure can get tenant, u dream on la. Or if you think can buy and flip, the RGBT, agent commission, bank fees la, lawyer fees la, at the end u only get peanut. Think, if you have sufficient cash flow to keep the unit for at least 12 months after unit complete, you can give it a try. For a RM800k unit, u only need to put down RM50k or so cash up front（I don't have exact number). Project to be complete in 2018. U kira la, worth to take out this 50k upfront for 4 yrs? That if you can sell once completed.
Expected mortgage for a 800sqft at TWY is around RM4k/mth. Plus maintainance, make it RM4.5k a month.
There are so many bigger units around MK leasing for RM3~4k/mth. This project got 400 ++ units. If 50% are investors! there will be at least 200 units available to the market once VP. All got high hope to sell, sure can sell at RM1mill. Ask yourself, with current malaysia economy and available disposable income, and also soooooo many new launches, do you still have strong confidence that you can sell at RM1mill? Gaji takde naik. Char kueh teow already RM7 a dish. You think that many expat will come to Malaysia? That many will stay in MK alone? I have met so many....damn cheapo. Can't blame them, they are spoilt with available choices.

Have u try getting in and out from Jln kiara 1 during school day? Try that one day. Remember to bring ur ipad. Make sure u have enuf movies and game to kill boredom. That place jam like f*ck.

This is my RM0.002 only la. Inflation ma. Two cent don't have jor.

Totally agree. Basically condos now go up to 30 plus floors with min 8 units per floor. There are many new projects in MK, plus many unoccupied units now.

Jalan kiara 1 gets even worse when ppl park their cars at the side especially near 1 mont kiara even during non peaks, reducing the road to 1 lane and terrible crawl...

Great point, thk for your sharing . really appreciate that and let me open my mind instead of always think good point. Ya after vacant possession how much do the 826sf selling for ? 1million buyer have a lot of choice .

hmm.. I think you should get a better agent too Kenzoic. I don't see anyone pricing less than RM6,000 rental on the iproperty website. But I do definitely agree that there is a glut of large units in Mont Kiara. If I am not wrong, about 30-40% of units in Mont Kiara are large units at the moment. Probably only 5% of Malaysia's population can afford to live in these units. Its a large missmatch.

But then again for TWY, if I really have to buy I wouldn't be buying for investment purposes either. Investment/own stay maybe. But do bear in mind not to face the NKVE.

This post has been edited by Lcsx: Jan 22 2014, 09:49 AM

recently many expat go to stay happy garden, kuchai area, oug area and old klang road area... many new condo available at kl south and cheaper rental bigger space for them. they jog around in the morning at happy garden, oug area. strange strange scene when saw it. but gooodd...

This post has been edited by HELLO HELLO: Jan 22 2014, 10:12 AM

Agree. U may try those negotiators who are representing MNC / Corporate i.e. Sony, Samsung. I don't think iproperty reflects the correct picture of availability, sometimes these ads are quite misleading. Nowadays, 1 particular property is being marketed by several property negotiators/agents....

Don't like iproperty. The price not really accurate until you call the agent n check.

Yeap Eg. Green Residence @batu 9 appoints alots agencies to marketing this project. It's like more than 5?

I really love TWY also it is smaller in size 821 sqf just about right with mont kiara address. Investment wise about 2.5k per month for interest repayment comes with 2 car parks. Why not?

I personally like duplexes and TWY very very much. If I'm a impulse purchaser, sure buy d....even before their launches.
I thought only the 1300sqft unit got 2 carpark? All small units only 1 carpark?? Maybe I'm wrong.....I think I'm wrong. I'm about to buy it but when I rethink about my past experiences.....I don't want to have sleepless night again.
RM2.5k repayment a month?? Maybe so if you put in 30% downpayment la.
Lcsx, I do have good agents de. They are senior for Mt. Kiara cuz I know them for years. They also told me, to get good tenant is super hard. If can get tenant already lucky. So just shuddup and sign the tenancy agreement. Let me share a funny story that I have encountered. This Aussie family viewed my unit and request me to get a piano to be included with tenancy contract. A PIANO for the tenancy deal......If they want toy boy I can do la cuz her daughter not bad. Apa apa pun ada nowadays.
I have checked Gita Bayu@serdang, OUG, Tmn Seputeh, D'sara Height and bangsar area. Landed property in G&G area renting for only RM4500. So many Angmo, K-pop and Arigato there. Middle Eastern will only go for properties like Putramas or some mid range area to rent. They can't afford anything above RM3k. Indian are good and kind. Also, nothing above RM4k cuz they have budget. School teachers from International school are given budget below RM2800. Contract can be 2 years. Anything above RM2800 they have to top up themselves which is a no no to them. Too many units.....too many choices.....
If you are buying for own stay, go ahead!
Please don't mistaken me for against TWY. I really love the concept and the design. FANTABULOUS. You asked for bad comments ma, I give bad comments lor. My RM0.002 only.....kangkung oso cannot buy de.

No la. really about 2.5k repayment a month just to service the interest only. 700K plus high floor with 2 car parks. Heck I am even prepared to fork out from my own to top up for the balance to compete. Why so susah payah want invest but have to burn a hole in the pocket top up for maintenance and etc.... Haiyo life's like this already now. I believe you are only able to generate positive cash flow with prop bought before the mad surge ie 5 years ago. Nowadays where can...

Own stay I can just close my eye buy ignoring (density, traffic etc) Also, am not familiar with mont kiara... This TWY north kiara right??? jalan kiara according to you guys the worst part and all. But still mont kiara ma who cares.

Modern gen Y like myself. We spend money like water. No need think go club open bottle RM400 ea. Want impress chic open champagne with fancy fireworks. Swipe only ma.. Face more important. Iphone 10S launch, first in line, i see u got 1, I pun tak nak kalah buy 2, 1 for u 1 for gf. Couple phone ma. Go fine dining, use instagram take pic (other capalang phone cannot take good picture, only iphone can) Take till food cold but pic nice ma who cares., only want to show off. What I am saying is the lifestyle has changed tremendously. Gen Y is living now with everything more fast and furious, more towards needs. Gen Y parents got money... Their parents no money...

Therefore RM2.5k is defo OK for investment pov. In 4 years time, plenty of buffer for inflation, GST, AP deferred, no plan to reduce excise duties, kankung hike. (I dont believe kankung wont increase by then la) 4 years ago fresh grad getting 2.4-2.5k, now fresh grad 3k easily, 4 years later???? I dont know la, I full of child like thoughts. Everything also want, want BMW, want DPC, want mont kiara. So dont take my views seriously.

im sorry but may i know which project u bot in mk and having problem to rent out? I hv 3 units in mk n one in prima pelangi. All rented out. No so difficult to find.

good good very good. i like it. that is how the economy still running good. keep it up and keep spending. life short. enjoy to the max.

This post has been edited by HELLO HELLO: Jan 22 2014, 12:40 PM

Kiara 9is next to twy???

Actually TWY is next to meridian and opposite of MK28. LOL

Really love your analysis.

Now i can sleep peacefully at night.

Exactly. haha.