QUOTE(holypredator @ Jan 26 2019, 10:32 AM)
1) Condo have a life expectancy of around 10 years? You mean every 10 years you move house? They do maintain and repaint the building you know, that's where sinking fund and maintenance fee that you've been paying every month comes in. If you think condos have such little life span then why not go for leasehold project? Much cheaper. Personally I do think condos do not have a long lifespan compared to landed as well cause even if it is repainted or maintained, it will not keep up with the surrounding design (Landed can be demolished and rebuild into something you like but condos can't) BUT I think that is at least 80-100 years before the building looks totally out of place not a lifespan equivalent to a computer which is 10 years.
Believe me, even high end condos once they reach 10 years they start giving issues after issues especially with leaks and quality of tenants starts to decrease as well. Simply put 10 years ago you bought a 5* condo today there are 6* service residence around that are after your tenants. For medium end condos once they reach 5-7 years that's when they start giving issues and if you are in Bukit Jalil, OUG area etc your 3 year old condo can lose rental value the moment neighbouring projects get its VP.
Repainting of buildings, yes it will freshen it up but it will in no way change the fact that it is an old building with no new features or layouts.
Leaseholds aren't bad an idea if the location is good.
Most condos today are less than 40 years old, never know if it will follow Singapore's style of enbloc redevelopment which usually means demolish and rebuild.
I still live in the same house I been living in for the last 43 years. You usual freehold and single storey terrace house. Absolutely no plans to move out of it.
QUOTE(holypredator @ Jan 26 2019, 10:32 AM)
2) Actually I'm not familiar with the Ballot thing. Why is there a Ballot? Is there over demand in Cantara that they need to do balloting? If first 2 blocks had no rebate at all (high doubt cause every project will definitely have some sort of rebate), that is a big blow of 17% to them. It would be worse than the Mah Seng case and I'm sure the existing buyers will flip shit (If what I interpret your message is correct).
Why a ballot? Very simple, it is just a marketing gimmick.
My guess is the developer did it because they needed a certain amount of units to be sold off very quickly due to projected cash flow issues.
Presumably market conditions are also forcing their hand.
Previous buyers? LOL, doubt anyone gives a toss.
QUOTE(holypredator @ Jan 26 2019, 10:32 AM)
3) Do you know if Cantara is going to build an entrance/exit on the back lane? 500m walk to the shops is not long but it would be great if you do not need to cover the unnecessary distance you know?
No.
QUOTE(holypredator @ Jan 26 2019, 10:32 AM)
4) If it belongs to SDP then perhaps they might build something on it cause it looks out of place and run down. Currently can't find any plans for it though.
Presumably upon VP as well as better occupancy rates of Cantara as well as other condos in the vicinity these commercial areas would have better foot traffic. However as of now they are mostly dead as much of Ara Damansara is a home to mall type neighbourhood.
However I doubt anything would happen to it anytime soon as SDP isn't moving anywhere.
QUOTE(holypredator @ Jan 26 2019, 10:32 AM)
6) I'm still surprise Sime gave big rebates cause i think they din't do any of those high rebates activities for Isola and other projects. Perhaps it is because Cantara is design that there are close to 1,000 units hence in order to clear the units, something must be done I guess. Isola had far less units and Lot 15 had even lesser units so there should be no problem for them to clear I guess. But it sure going to hit the existing buyers hard if there is such huge rebate disparity and I think the existing buyers would flip their shit what had happened for Mah Seng.
I presume it is more due to a lot of these projects were planned during the property bull run that like most bull runs everyone thought it would go on forever. When it can't move but with agreements and contracts signed you do what you got to do to sell.
QUOTE(holypredator @ Jan 26 2019, 10:32 AM)
7) Land size and density are not proportionate, it caters for building blocks as well. Unless they segregate like 400+ units 1 swimming pool, 1 main entrance, 1 gym.... you would definitely going to see more people around the premises. Not necessary a bad thing if you like places pack with people though.
BTW, just realise Bumi Discount is 7% for Cantara. Damn, it would be a great deal for Bumi 17%+7%+1.5%+1% = 26.5% !! That is pure insane.
I don't view more people using the facilities as a bad thing, as it is RM.040psf is high enough to pay for maintenance fees.
Yup hence the reason why many of them bought up all the big units.