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 BE CAREFUL: Landed Properties With Stata Title, You can face high maintenance fee later!

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twincharger07
post Apr 5 2014, 09:00 AM

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QUOTE(UnderTheSun @ Apr 5 2014, 07:58 AM)
If we want to flip, it should not be much problem. Basically, the concern will be transferred to the buyer.

If we want to let, we will have to embed the maintenance charge with the rental rate. Our rental rate will be higher than others. Hence, less attractive.

If we want to stay, aiyoo.. maintenance headache  rclxub.gif
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Condo, service apt, soho etc also having same scenario where units are snapped up by staff n insiders.. wat is so disadvantage about strata landed?

This are usually flippers.. if they dont flip, they will either rent out or stay.. what is the advantage to them for increasing maintenence? So that they dont have to pay?
twincharger07
post Apr 5 2014, 11:36 AM

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QUOTE(UnderTheSun @ Apr 5 2014, 10:49 AM)
Developers are divided into two: incompetent and competent. Among the competent developers, there are sincere ones and cunning ones.

Horizon Hills in Nusajaya is developed by a sincere developer. They only charge between RM100 to RM150 for security and maintenance. Clubhouse is optional with an additional fee of RM100. Golf membership is also optional. Yet the landscape beautiful, neat and well-maintained. The property value is superb.

We need to pay adequate maintenance and security fee, not too low and not too high. Paying too high for maintenance and security fee reflects inefficient spending of community money.

Strata Title Act (Act 757) requires the participation of developer even after the property has been delivered. The owners are not at liberty to choose maintenance contractors which offer best value for money. This is a flaw of the Act. The Act was drafted by mainly consulting the developers, not owners of properties.
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Horizon Hill strata or individual?
twincharger07
post Apr 5 2014, 11:53 AM

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QUOTE(Chris Chew @ Apr 5 2014, 11:47 AM)
Boss. Individual title.
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Thanks Chris kor.. I oso skeptical when he/she compare it with Horizon Hill..

@UnderTheSun, y compare Horizon Hill with this Ecobotanic as the title are different? And saying HH charge lower is more sincere is totally nonsense since they are individual at the 1st place..
twincharger07
post Apr 5 2014, 11:53 AM

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QUOTE(babana @ Apr 5 2014, 11:49 AM)
i think i can see where this thread is heading to... whistling.gif
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I give you one LIKE..
twincharger07
post Apr 5 2014, 11:55 AM

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QUOTE(UnderTheSun @ Apr 5 2014, 11:53 AM)
Despite being gated and guarded, Horizon Hills offers individual title. They also have anti-climb fences and security cameras. The value is much higher than EcoBotanic.

Buying landed strata title does not mean you will have a higher value than landed individual title. Paying higher maintenance fee does not mean you will have a greater value than paying moderate maintenance fee.
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HH is called F&G .. not full G&G.. Security makes a big difference...

This post has been edited by twincharger07: Apr 5 2014, 11:57 AM
twincharger07
post Apr 5 2014, 12:45 PM

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QUOTE(UnderTheSun @ Apr 5 2014, 12:03 PM)
HH is called G&G Neighbourhood while EcoBotanic is called G&G Community. Both charge maintenance and security fee. You can compare which one has reasonable charges given the security and maintenance it offers.
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I totally disagree... strata title is fully enforce by law, outsiders are restricted to enter..

Individual title is not fully enforce by any strata act.. outsiders by law is allow to enter without permission.. boom gate is merely for security checking..

Strata housing area can be organized on security restrictions and indivudual, no..
twincharger07
post Apr 5 2014, 12:51 PM

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QUOTE(UnderTheSun @ Apr 5 2014, 12:40 PM)
They are maintaining the common access and facilities. Nothing to do with whatever inside your house. Whether you have large or small living room, they do not go inside your house and mop the floor.
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I think u dont understand how it works at all..
Larger units charge with higher maintenance fee with the assumption bigger units have more ppl staying in thus more headcount to use the common facilities per unit.. u may argue small unit can hav more ppl or large unit only 1 person, but that is the closest assumption u can get..
twincharger07
post Apr 5 2014, 02:55 PM

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QUOTE(UnderTheSun @ Apr 5 2014, 12:56 PM)
Then, you expect the more person in the house, the higher household income it has? How about a family with 3 to 4 children? Do the children have an income?

Surely, maintenance has nothing to do with your living room or bedroom space.
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Gosh.. what does it do with income..
You still dont get the point after so many ppl gav u thesame explanation. Nvm.. at least the rest are at the same tune with me...
twincharger07
post Apr 5 2014, 02:56 PM

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QUOTE(UnderTheSun @ Apr 5 2014, 01:10 PM)
Yeah. Club facilities should be optional and not included in the maintenance fee.

Your method of calculation is based on assumption. Hence, subject to argument. But everyone has his own opinion.

The purpose of this thread is to caution potential buyers on landed properties that come with strata title. No harm for potential buyers to consider. Unless a person is from the related company or is a sales agent or has vested interest in the sale of such properties, he or she shall not feel threatened.  whistling.gif
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Still don't get wat kind of caution u r giving

 

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