Went to the launching event at Marc Residence last weekend and asked about the residence tower, not interested in studio/SOHO.

Personally feel it's over-priced psf and i didn't book any unit.

Cons:
- Lease hold
- Commercial title in KL address, expensive water, electricity and cukai pintu... not to forget 6% GST applied on future transaction.
- High density, imagine upon completion how many pages of sales/rent will there be in property sites?
- Being a service apartment but the condo design and facility is not very modern (no sky lounge, sky pool, etc). Despite of this and high density, the maintenance fees is surprisingly high...
- Surrounding areas are middle-low
- 5 years construction period, interests to be paid during construction probably ~10% of property price.

Personal observations:
- Some units has good design but not all units are well designed (don like units with entrance at middle and kitchen on one side and rooms on one side. Also some unit's toilet are without window. didn't check how many void spaces available in this tall building.
- Only provide typically air conds, water heater and kitchen hood & hob
- Smaller unit comes with 1 car park, additional car park cost 25k.
- Only free legal fees if not mistaken, buyer borne SPA & stamp duty.
- No down-payment rebates available

Pros:
- Due to no down-payment rebates, tend to have lesser investor buyer so probably more own-stay buyer.
- All residents can visit the sky garden in particular floors, unlike some other condos. But this could create noise impact to units in that floor
- Relatively low entry price to own a property for first time buyer

This post has been edited by sizune: Aug 11 2014, 10:53 AM