I’m not a judge. Just a reporter.

Doubt it. This is quite a high spec unit at rumahwip price. The main problem is that it didn’t live up to its potential as Kwasa Damansara is no where near ready.

The auctions are like this because the original owners who bought at full price can’t sustain the bleeding anymore. At these prices it’s a fair buy.

It just depends if you get the utility from it, a couple who use the gym here instead of a commercial gym do benefit.

A worse example is if you only get 1.5k rent for 1k sqft unit with 500 monthly maintenance. The bleeding is pretty bad from OG 800 psf price.

This post has been edited by Cavatzu: Jan 31 2023, 12:53 PM

If I remember correctly the layouts aren’t that great either with lesser toilets than usual (there is a 2 bed/1 bath layout). This really screws up the partition game. Yea for a new property to go down over 50% in value means multiple things have gone wrong.

This post has been edited by Cavatzu: Jan 31 2023, 01:09 PM

It just depends how much or how little you value your privacy. The secondary main draw of sublet is they don’t seem to need deposit. It’s ideal for cash strapped young ones. Otherwise people get a lot more for their money lifestyle wise with traditional rental.

Sounds like something went wrong or there’s not enough money in the kit. It launched at 33c I think.

Purely conjecture but maybe the residents have brought a state of disrepair to the facilities. Sad for SDB and the owners. The maintenance fees go up 50% and the value go down 50%. Real double KO there.

Many people got caught in this including my relative. So sombong when he paid 800 psf for this and I bluntly said he could get MK for that price. But kononnya this is the new IT place. The IT place to bankruptcy more like it.

Aduh. When one sees what you could have gotten for 800 psf and a 0.50 maintenance fee, this is truly a white elephant of great magnitude.

Can foresee almost an entire change of ownership at half the price as the primary loan is simply not sustainable.

Ah to be a Lelong bookie and know how many titles are on the chopping block.

These are rumahwip psf prices already. Who wouldn’t want a SDB branded rumahwip?

Just so there’s new people to this property, it has halved in value! So you have lost 50+% by buying this POS.

It’s gone from a premium development to a student/foreign workers’ dormitory which will further erode any chance of regaining capital. The stigma is now stuck and owners either cut loss via Lelong or continue to service this heavy bag. As interest rates rise, can see that it will become almost a 100% Lelong case as the prices are halved. At the 300+ psf mark, it is very cheap for a well built and designed building.

This post has been edited by Cavatzu: Aug 8 2023, 03:43 AM

It’s already almost 5 years old at this point and reportedly maintenance is already suffering. In another 10 years this is just another rumahwip with better facilities.

Well this was meant to be the NEW Damansara and sold at prices comparable to MK, Tropicana etc at launch with many takers including ppl I know so yea a major slap in the face.

Lol even they recognise that the entire building needs to change hands to be worth it. All owners down few hundred k.

Without partitions, this condo really hailat to the max. Another wave of lelongs?

True. I forgot this was under Selangor but it’s a matter of time. People bought the big units specifically to partition.

Rumahwip prices for super premium quality and facilities. Own stay and ghost stay people should seriously consider this. Kwasa is launching at 850+ psf d.

Original buyers sorry. Have to eat Maggie mee for another 5 years or more.

Didn’t it also win 2022? Back to back annual victory!

Very keen to hear the under belly of how bad these compress loan lelongs get. Sounds like complete financial ruin. If you bought at 800k and Lelong at 400k * 5. That’s a 2 mill debt loss you have to pay back in your life…

This post has been edited by Cavatzu: Oct 22 2023, 01:03 PM