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Investment RICA RESIDENCE @ SENTUL [OWNERS' THREAD], 200m walk to Sentul West MRT Station

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DesRed
post Aug 2 2017, 09:32 AM

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QUOTE(esyap @ Aug 2 2017, 09:24 AM)
Sure bor?? I thought only MRT 2 can reach Mid valley? I maybe wrong.
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I think he meant to say that once the link bridge from KL Eco City to MV is completed, then anyone coming in from the nearby Abdullah Hukum LRT station can reach the latter. May need to walk some distance but at least you can cut through the buildings and walk across the link bridge to get to MV, which is pretty convenient. hmm.gif
DesRed
post Mar 20 2018, 12:17 PM

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QUOTE(hairi82 @ Mar 20 2018, 11:48 AM)
Still selling in mudah..so sell without showroom..must be short of land or over confident..
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Depends on the developer, I guess. My last experience with a developer with no showroom will be Picasso Residence @ Jln Ampang. Dy reach 65% of units sold, so no hurry to build one and to sell off their remaining units coz they ditched their 5% early bird rebate and sell it at nett SPA pricing.

Seems like in this case, the developer dy sold a lot of units and isn't in a hurry to sell off the remainder. hmm.gif
DesRed
post Apr 13 2018, 08:46 AM

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QUOTE(planc @ Apr 12 2018, 01:43 PM)
Can we say all look for the best timing completion of MRT2 are majority investors? Not really mind about the completion time of MRT2 are ownstayer? Court28 many Chinese ownstayer..
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Maybe, maybe not. There could be long-term investors or those who can hold until the MRT2 is completed among those buyers.
DesRed
post Oct 19 2018, 10:00 AM

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QUOTE(BEANCOUNTER @ Oct 19 2018, 07:39 AM)
Rica is mrt2 or 3?
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MRT2. The name of the station is Sentul West.

Hopefully its not one of the 4 underground stations that will be gutted out in the revised plan.
DesRed
post Jan 3 2019, 03:17 PM

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QUOTE(warface @ Jan 2 2019, 01:09 PM)
takes time for people to get used to it.. some fresh startups really dont have much budget for car, plus now rm100 can use unlimited ma..
if near mrt also cannot appreciate, what bout those dont have ones? lagi teruk right?
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My condo in Tmn Seputeh is more than 1km away from the nearest LRT station, which is the Bangsar/Bank Rakyat LRT station, but it still managed to appreciate from RM 3xxk 8 years ago to RM 8xxk now for the same 1,414 sf unit. For my condo's case, its because it is very close to Brickfields/KL Sentral and also close to both KL city and to PJ, plus the folks staying there are those who use their vehicles frequently, so there will always be a demand for it. Even Northpoint next door to MidValley also appreciated from RM 8xxk to RM 1.2mil over a period of 6 years for the same 1,3xx sf unit, despite it being close to the KTM station, which is notorious for its bad frequency of its trains.

Of course, for those who don't have a vehicle, then its better for them to look for a project closer to the LRT/MRT station. I know a few acquaintances staying in such condos/serviced residence such as Desa Putra condo, which is near the Sri Rampai LRT station, one which stays in Main Place near the USJ 21 LRT station and the last one is Seri Maya which is close to the Setiawangsa LRT station. All of them really appreciated the convenience of being close to these stations when they commute to work or for other purposes.
DesRed
post Mar 9 2019, 09:27 AM

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Always wondered why its not possible to do away with the bumi quota entirely and shift towards more discounts for bumi purchasers instead if the reasoning is to promote more participation in the property market (own-stay or for investment). hmm.gif
DesRed
post May 11 2019, 08:37 AM

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QUOTE(trust4you @ May 10 2019, 12:29 AM)
If alrealdy built usually de vrry hot project u will be lucky if u can smoke out from weak buyers
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See how long those investor-owners can stand after getting their keys while waiting for another 2 years for MRT2 to start operation. The last time I was there a year back, it was selling really fast and it gave me the impression that the majority of the buyers are investors.

For a not-so-close example, Setia Sky Residences is one that is very close to the MRT2. Make that a really short walk to its underground entrance/exit from the guardhouse. The 1st 2 blocks VP'ed at around 2011 while the last 2 blocks VP'ed 2 years ago. Last time I checked iproperty and propertyguru, there are already a few units that ended up under lelong.
DesRed
post May 11 2019, 11:40 PM

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QUOTE(AskarPerang @ May 11 2019, 12:58 PM)
Setia Sky Residence not the best example. As owners who bought long time ago, the MRT2 news or station not even there yet.

Unless you mean subsale buyer. When news about the MRT2 station confirm there, maybe back in 2015-2016, then only investors buy. And end up need to hold for 7 years before the station completed.
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QUOTE(johnrck99 @ May 11 2019, 01:42 PM)
When SSR was launched. There is no confirmation of MRT 2. It is either plain luck or very accurate judgement. That is even at the launch of Block C And D.

Buying SSR at a bargain price in KLCC but not within KLCC and was Setia first high rise project was indeed a bit risky at that point.

Fast4ward 7y, MRT2 is there and will be ready. For sure it wll boost the price further.

Meanwhile just have to hold it as long as u can. For ownstayer will have to endure Airbnb stayers using the common facilities and poor workmanship, ongoing MRT construction noise and dust. Apart from that. Very good connectivity.
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Fair point. More like the SSR unit owners just got lucky there, unless some had insider info about MRT2 before its actual announcement. Or like what AskarPerang mentioned, interest in that project surged after the MRT2 announcement.

Kind of remember 2 years back that the sales gallery for SSR was still up at that time. Only when I visited a few subsale units in Block A and B recently did I realise that it was demolished to be turned into one of the MRT 2 entrance/exit. Workmanship looks so-so, but found the unit layouts to be weird. As for the facilities, it is currently undergoing renovation, but it looks like its seen better days. Block C and D's facilities are still in good shape as its more recent.

What I've heard from the SA on the poor maintenance of the 1st 2 blocks are due to the fact that the management received money from Prasarana for the sale of the sales gallery land to them to build the MRT2 entrance/exit. When that happened, it seem to have created some sort of internal problems between the owners, JMB and the management regarding it until the unit owners refused to pay a single cent for the monthly maintenance fees.

This post has been edited by DesRed: May 11 2019, 11:41 PM
DesRed
post Nov 29 2019, 09:48 AM

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QUOTE(AskarPerang @ Nov 24 2019, 11:31 PM)
Majority layout with balcony. But is a small standing balcony type.
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I wonder if this was intentionally done so that people don't use portable racks and hang their clothes outside. laugh.gif

Or it could be that not many people use the balcony at all outside of just taking a puff or enjoying the view while standing up.

Noticed that a number of newer launches and recently completed projects are moving in that direction.
DesRed
post Oct 30 2020, 12:26 AM

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QUOTE(JustNobody @ Oct 29 2020, 01:50 PM)
Malaysia punya LRT/MRT/KTM station all not world class planning... If you happen to travel to developed country, their station have at least 4 exits... some even have more than 10 exits...

We have lousy people to manage the country... we will never reach the world class level or well developed country like others.
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The Finance Ministry under LGE is responsible for the bastardization of the MRT2 scope when Pakatan was still in power. No surprise that public transit is at the bottom of their priority list.

QUOTE(Daddyfinger @ Oct 29 2020, 06:55 PM)
Aduh.. bro what source is this? Omitted means kiv right.
Any news for mrt3
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Looking at that plan, I believe it may have been omitted because you'll have to build right under this project, a few shoplots and a private empty land across the road, which will surely involve multiple parties. And based on past experience on how certain neighbourhoods oppose even something as minor as public transit stations exits and placements, I wouldn't be surprised if this may be the reason why MRT Corp would rather not raise the ire of those parties.

Sure one can argue that New York's subway tunnels do go underneath buildings without issues, but you know how fussy or protective most Malaysians are when it involves their backyard.

This post has been edited by DesRed: Oct 30 2020, 12:27 AM

 

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