Hi, I am planning to get a condo in Mont Kiara/Dutamas area. For investment purpose. Budget around RM800k. May I get all sifu opinions, which is the best Mont Kiara Condo that suit my requirement? Thank you very very much.

800k dutamas?

28dutamas or NK.

what type of backup fund and what's it for? just curious hah

Palma! To me that's the best condo among all in terms of landscape, neighbor, maintenance, most of all, it suits your budget. Solid building cos built by Sunrise.

What is ur requirement? Only investment?

Best Condo in MK is MK10 (seni second lor). Ur thread abit misleading..
He asked u to keep 24 months installment cos it's not very easy to rent condo's out in MK... Moreover, no train stations coming up, so MK in the future will be more suited to own stay

Ya agree, the expats now don't get company cars but car allowance instead. So these expats will choose somewhere with LRT/MRT stations nearby.

Sure no trains coming to MK?

If its for investment, I'll personally stay away from MK unless if you have strong holding power

I think all the catalysts in Mont Kiara have been reached right. So no upcoming projects that will boost Mont K value up another notch. Capital appreciation and rental both lousy at current psf entry price. Unless for own stay, I would avoid.

what about the new segambut fly over boasting access to mk?
segambut dalam have a lot of lands that are waiting to be transformed into mk. those projects are cheap (relative to "real" mk units)

MK is over saturated and over-built. When the new shopping malls are launched, it will be worse. No proper thoughts given to building infrastructure, access roads, carparks etc. The situation is quite stressful especially at the traffic junctions and entrances to One MK and Plaza MK.

becareful...many MK taigor will come in and shoot u very soon...

The original plan when developing MK was different from today's MK. It was Alan Tong sold his Sunrise in 1997 then the plan changed. If one would really wanna invest in MK, pick the first road where Plaza Mt Kiara / One MK is.

I have been here since MK Pines (Phase 1) was built 20 years ago. If anyone has been here longer than me then I will call him taikor.

I think access is the main issue MK facing?

Other than that seems the property price still alright, how about safety?

You are looking for completed or under construction ? If existing one you might consider Dutamas.

so many self professed tai kors here.....but TS edi long gone after 1st spam

Hi, Dutamas very high price, right? Is it the one next to Publika?

Mk only 2 spots worth to invest. Along jalan kiara 1 and near kiaraville, seni, tiffany there. Don't hope for MRT. just too long to wait. need to wait 7-10 years or even more... Sibeh Too long. also mk way too many condo units. Try bangsar area better more high end feel.

This post has been edited by HELLO HELLO: Aug 15 2014, 10:00 AM

is mont kiara still popular place to buy for locals.. for own stay?
market appear slow. spioke to agents, they tell me m'k still have asubsale demand.

Was told by a friend many locals are shifting to MK. Not just foreigners. May be they realised the price psf is pretty decent (for the prime location) if compared to other suburbs area.

hi, Rusby, that's good to hear. i think m'kiara is a nice place, too (am an "absent" local).


This post has been edited by corleone74: Aug 15 2014, 07:43 PM

yes. alot of people are buying into MK for own stay.

this month, i have sold two units of my MK condo to one chinese and one foreigner. both are going to use it for own stay.

you must have made a tidy profit. the chinese is a local chinese or from the mainland?

also wondering what is the progress of Naza's KL metropolis project? seems a tad slow.

http://www.propertyguru.com.my/property-ne...e-ready-by-2016

still think this metropolis project started a little tooo early.
public transport system is way way behind. timing tak berapa ngm.
naza may screw up.

ikea cochrane, velo, trx timing sibeh good.

yea yea.. hello kitty very ngm

i agree naza seems to be quite slow on this project.
but the TRX project progress is much better? everything seem to have stagnated in Kl.
is velo leasehold development?

Many mk thread liao

Are u sure kl metropolis slwo down? Go to the side view by uself

hello, doomdoom,

I am not always in town. Anyway I have read your posts on mont kiara. I am wondering if there are more locals staying there recently as I am looking for a unit there. I prefer if there is a good mix of local and gwai lou. I like what I see (i.e the hardware), but am unsure of the software (i.e how it would be like to actually live there.)


This post has been edited by corleone74: Aug 16 2014, 09:07 PM

Yes, but not recently.

You are agent in Mont Kiara area? Any good unit to sell?

I feel metropolis rising up fast although I doubt its initial success..the project is too big for a convention centre themed development but the renderings are VERY beautiful.
MKs price is very good compared with other developments further away although some roads in MK are really jammed up..

velocity is freehold and price is around 1.1k..
btw, Naza can deliver based on its platinum park buildings.. stunning in every way!

Published: Saturday June 7, 2014 MYT 12:00:00 AM Updated: Saturday June 7, 2014 MYT 7:41:12 AM

Property player expects new Matrade centre to be world-class

BY CHERYL POOAn artist’s impression of KL Metropolis which is touted to be the largest MICE destination in Malaysia.   EmailFacebook11NAZA TTDI Sdn Bhd has been reticent about its development of the RM15bil KL Metropolis at Jalan Duta in Kuala Lumpur, a sprawling, prime vicinity that will house the Malaysia International Trade and Exhibition Centre (Mitec) .There were many public opinions about the property player after it secured the building-for-land deal from the Government which allowed it to buy the prime land of 75 acres and surrounding parcels for only RM620mil.On top of constructing the Matrade centre, Naza TTDI was obliged to develop the commercial and institutional hubs as well as a residential component complete with infrastructure.Among pertinent questions raised were the necessity for a new exhibition centre given the existing Kuala Lumpur Convention Centre, Matrade Export Exhibition Centre and Putrajaya International Convention Centre.Naza TTDI deputy executive chairman and group managing director SM Faliq SM Nasimuddin (pic) refutes the negativity, saying there is shortage of a plumage-worthy space in the country.“Event organisers tell us they are desperate for quality space,” he tellsStarBizWeek.In a separate interview, CH Williams Talhar & Wong managing director Foo Gee Jen concurs as he alludes to exhibition centres in Singapore, Shanghai and Dubai.Singapore’s Suntec and Marina Bay Sands span 129,168 sq ft and 1.3 million sq ft, respectively, while the Kintex in South Korea features two column-free structures covering 580,986 sq ft and 586,724 sq ft, respectively.“The Mitec will satisfy Malaysia’s need for a world-class centre for MICE (meetings, incentives, conferencing and exhibitions) as Kuala Lumpur develops towards being a world-class city,” Foo says.Sprawling structureAbout 10 times the size of the Kuala Lumpur Convention Centre in terms of gross floor area, the Mitec will straddle one million sq ft.Since construction began in late-2012, work in progress is 30% complete, Faliq said.By February 2016, the centre will be ready with 12 exhibition halls built over three levels, dozens of meeting rooms as well as food and beverage outlets.The Mitec will have the capacity to hold up to 40,000 visitors, Faliq says.Naza TTDI’s approved masterplan shows that only 40 acres out of the 75 acres of acquired land in that area will be developed into commercial and residential components. Infrastructure like public utilities and 11.26 acres of surrendered green spaces will take up the balance.The purchase price of the compound did not include infrastructure costs of RM200mil to RM300mil.“That’s a fair sum for a project of this scale,” Foo says. “My only concern is the connectivity of the new Matrade centre to the world at large. There must be a mass rapid transit line from the centre to the KL International Airport.”While details on the infrastructure and accessibility of the KL Metropolis are not available at this point of interview, Faliq says the infrastructure in the vicinity is to be tailored to the needs of the Matrade centre.Business hubThe largest parcel of commercial land behind the MECC spans 15.34 acres and will comprise office suites, hotels, a regional retail mall and a landmark tower.Naza TTDI has been in talks with several parties for joint-venture deals for most of its commercial and residential projects in this hub.In describing the regional mall, Faliq alludes to the 3.8-acre Empire Shopping Gallery in Subang Jaya.He says although Naza TTDI had garnered interest from both local and international retail players, it would all boil down to pricing considering the potential of the development.So far, no deals have been struck.Surrounding the exhibition centre are the 11.26 acres of greenery.Beyond that, two parcels of commercial land flanking the exhibition centre will also feature hotels, serviced apartments and business suites.Naza TTDI will launch a 250-room four-star hotel at the smaller hub, south-east of the exhibition centre this year-end.While Faliq refrained from revealing more, he hinted at the brand’s long-time presence in the country.Viability studies for institutions – he does not say local or foreign – to be located south-west of the entire compound are under way and will take some time.Naza TTDI has allocated three parcels of land totalling 7.66 acres for the development of its residential component.“We want to cater to the different needs of our residents so we are talking to potential partners as to how we will go about the high-rise blocks here. There will be residential buildings on the commercial side as well, so it all depends on how commercially viable the plans are,” Faliq says.“I know there is the issue on housing affordability but it is not our priority to address that in this development.”Due to the nature of the location, Naza TTDI is certain of good take-up rates when it launches its residential buildings in multiple phases over the next four years.Commercially viableWhile neighbouring township Mont Kiara has established itself as a commercially viable hub, there is the gaping issue of an oversupply of residential units in that neighbourhood.Will this affect the take-up of residential units at the MECC land?“That’s why we are releasing the blocks in phases so as to give us feedback so we can mitigate the risk of a glut,” Faliq says.Speaking on investment opportunities in the development, Faliq says investors who can take on office suites en bloc are welcome.Naza TTDI’s other projects include two office towers in the RM4bil development Platinum Park in Kuala Lumpur (one of which was handed over to Lembaga Tabung Haji in March), several mixed developments in Shah Alam and an upcoming 850-acre township in Bertam, Penang.With some 1,100 acres of undeveloped land bank in the Klang Valley and Penang, Naza TTDI has launched projects totalling RM1.7bil in gross developmental value this year with a sales target of RM1.5bil.
any subsale condo nearby?

Published: Saturday June 7, 2014 MYT 12:00:00 AM Updated: Saturday June 7, 2014 MYT 7:41:12 AM

Property player expects new Matrade centre to be world-class

BY CHERYL POOAn artist’s impression of KL Metropolis which is touted to be the largest MICE destination in Malaysia.   EmailFacebook11NAZA TTDI Sdn Bhd has been reticent about its development of the RM15bil KL Metropolis at Jalan Duta in Kuala Lumpur, a sprawling, prime vicinity that will house the Malaysia International Trade and Exhibition Centre (Mitec) .There were many public opinions about the property player after it secured the building-for-land deal from the Government which allowed it to buy the prime land of 75 acres and surrounding parcels for only RM620mil.On top of constructing the Matrade centre, Naza TTDI was obliged to develop the commercial and institutional hubs as well as a residential component complete with infrastructure.Among pertinent questions raised were the necessity for a new exhibition centre given the existing Kuala Lumpur Convention Centre, Matrade Export Exhibition Centre and Putrajaya International Convention Centre.Naza TTDI deputy executive chairman and group managing director SM Faliq SM Nasimuddin (pic) refutes the negativity, saying there is shortage of a plumage-worthy space in the country.“Event organisers tell us they are desperate for quality space,” he tellsStarBizWeek.In a separate interview, CH Williams Talhar & Wong managing director Foo Gee Jen concurs as he alludes to exhibition centres in Singapore, Shanghai and Dubai.Singapore’s Suntec and Marina Bay Sands span 129,168 sq ft and 1.3 million sq ft, respectively, while the Kintex in South Korea features two column-free structures covering 580,986 sq ft and 586,724 sq ft, respectively.“The Mitec will satisfy Malaysia’s need for a world-class centre for MICE (meetings, incentives, conferencing and exhibitions) as Kuala Lumpur develops towards being a world-class city,” Foo says.Sprawling structureAbout 10 times the size of the Kuala Lumpur Convention Centre in terms of gross floor area, the Mitec will straddle one million sq ft.Since construction began in late-2012, work in progress is 30% complete, Faliq said.By February 2016, the centre will be ready with 12 exhibition halls built over three levels, dozens of meeting rooms as well as food and beverage outlets.The Mitec will have the capacity to hold up to 40,000 visitors, Faliq says.Naza TTDI’s approved masterplan shows that only 40 acres out of the 75 acres of acquired land in that area will be developed into commercial and residential components. Infrastructure like public utilities and 11.26 acres of surrendered green spaces will take up the balance.The purchase price of the compound did not include infrastructure costs of RM200mil to RM300mil.“That’s a fair sum for a project of this scale,” Foo says. “My only concern is the connectivity of the new Matrade centre to the world at large. There must be a mass rapid transit line from the centre to the KL International Airport.”While details on the infrastructure and accessibility of the KL Metropolis are not available at this point of interview, Faliq says the infrastructure in the vicinity is to be tailored to the needs of the Matrade centre.Business hubThe largest parcel of commercial land behind the MECC spans 15.34 acres and will comprise office suites, hotels, a regional retail mall and a landmark tower.Naza TTDI has been in talks with several parties for joint-venture deals for most of its commercial and residential projects in this hub.In describing the regional mall, Faliq alludes to the 3.8-acre Empire Shopping Gallery in Subang Jaya.He says although Naza TTDI had garnered interest from both local and international retail players, it would all boil down to pricing considering the potential of the development.So far, no deals have been struck.Surrounding the exhibition centre are the 11.26 acres of greenery.Beyond that, two parcels of commercial land flanking the exhibition centre will also feature hotels, serviced apartments and business suites.Naza TTDI will launch a 250-room four-star hotel at the smaller hub, south-east of the exhibition centre this year-end.While Faliq refrained from revealing more, he hinted at the brand’s long-time presence in the country.Viability studies for institutions – he does not say local or foreign – to be located south-west of the entire compound are under way and will take some time.Naza TTDI has allocated three parcels of land totalling 7.66 acres for the development of its residential component.“We want to cater to the different needs of our residents so we are talking to potential partners as to how we will go about the high-rise blocks here. There will be residential buildings on the commercial side as well, so it all depends on how commercially viable the plans are,” Faliq says.“I know there is the issue on housing affordability but it is not our priority to address that in this development.”Due to the nature of the location, Naza TTDI is certain of good take-up rates when it launches its residential buildings in multiple phases over the next four years.Commercially viableWhile neighbouring township Mont Kiara has established itself as a commercially viable hub, there is the gaping issue of an oversupply of residential units in that neighbourhood.Will this affect the take-up of residential units at the MECC land?“That’s why we are releasing the blocks in phases so as to give us feedback so we can mitigate the risk of a glut,” Faliq says.Speaking on investment opportunities in the development, Faliq says investors who can take on office suites en bloc are welcome.Naza TTDI’s other projects include two office towers in the RM4bil development Platinum Park in Kuala Lumpur (one of which was handed over to Lembaga Tabung Haji in March), several mixed developments in Shah Alam and an upcoming 850-acre township in Bertam, Penang.With some 1,100 acres of undeveloped land bank in the Klang Valley and Penang, Naza TTDI has launched projects totalling RM1.7bil in gross developmental value this year with a sales target of RM1.5bil.
any subsale condo nearby?

I see. Thank you for the correction, I always assumed velo is LH. so Velocity beats SSQ hands down, then?
well, I hope Naza develops metropolis according to their stunning renderings. Future MRT would be nice too in dutamas area.

for 800k, have you considered arcoris? I think still have some units available, 800+sft ones. UEM sunrise will return buyers 96k (ie GRR of 4k p/m for 2 years, paid quarterly). I am not an agent.


This post has been edited by corleone74: Aug 17 2014, 11:15 PM

local chinese

Thank you, johnoble. Good to hear.

Acroris only left big unit and I dun think still have RM800k units.

Anyway, thanks for the suggestion.

still got lah...last month property fair Arcoris booth still got selling SOHO (6xx sft) for 8xxK, BUt no carpark!

Verve suites I think quite good. Fully furnished with decent materials - easy to rent out to young executives.

yes, that's right. SOHO block (south facing). Considering it's been launched so long ago, it appears that sales is tepid.

velo beats GEO hands down! Geo has to compete with existing SSQ condo apart from being LH(10-15% less value). velo's main selling point is the 3 malls plus TRX.
for ownstay, SSQ(not geo) is btr as its value for money

also future TREC development and also future HSR not far from velo.

feel the power of mont julai.

This post has been edited by HELLO HELLO: Aug 18 2014, 04:44 PM

Actually, only a handful units left. And those are BUMI release and bigger units. Personally I think Arcoris is a highly potential project and will be very much sought after its completion.

Hi Joe,
I agree it's got potential. I like the location. However, I didn't go for it as am not a big fan of mixed development. Purely a personal preference. Did you invest in one yourself?

This post has been edited by corleone74: Aug 18 2014, 06:41 PM

Thank you! Good information to ponder over.

That's super expensive. 6xx ssf for RM800k. Same like KLCC area.

TS,

do opt for a unit developed by SUNRISE

That is before discount, and GRR of 4k per month for 2 years. If I remember correctly, the booking fee is 20K + additional 15K d/p, then loan of 750K. There is an additional % discount back because of no DIBs during VP. And then every quarter GRR of 4k per month for 2 years, paid quarterly. The unit size is roughly 685 sq ft. Everything counted in, should be slightly below 1000psf.

I see. Can be consider but thinking to get a slightly bigger unit in Mont Kiara instead of studio.

Yup, I agree. No offense to arcoris buyers, just different product.

I like Palma But some may prefer a newer look condo.

you used to stay at damansara perdana, am I right?


This post has been edited by corleone74: Aug 19 2014, 08:52 AM

U guys can also try persiaran dutamas condo near Publika. The road is easy accessible and not so jam....

Explore Ceriaan Kiara...attractive price psf wise.

But the position of those condo neighbouring segambut dalam, kind of spoils the vibe somewhat.

Recently I was there a few times doing my groundwork at night, noticed every time there is a polis roadblock in front near Ceriaan. Any idea why?

Wow... Surprise... How come you know I used to stay in DP? Kawan?

i have kin stay there mah and saw your writing on DP . Metropolitan sq, right?

actually i have used LYN for my background research for a long time already. Just didn't register myself here until recently. Haha...

You still stay DP or move already? How is the DASH fight? Win?

Check out Twy - Duplex Condo. Will be in ur budget. Complete in 4 years time - 2018.
After checking out more on MK, i think MK is a pretty good place for investment or own stay. The price per sf is relatively low compare to some others development.

For 800k, u can look around area like Ara Damansara, Kota Damansara, and MK.

Wish I could. My close friend did though. He got a 6xx sqft for 680k++ which is not too bad

This post has been edited by Average-Joe: Aug 19 2014, 02:45 PM

cool.
he bought for rental or own stay? 680k ++ is before discount and GRR?

Intention to collect rental and the cash rebates for 2 years.

680k/690k++ is the price stated on the SPA. Excludes the 7% discount and cash rebate (RM4K every month for 2 years).

I really think it's a good deal. Too bad my loan application was rejected.

DIBS + 7% discount + cash rebate (RM4K every month for 2 years after completion= RM96K) + Free SPA legal fee + Free 5 years car park + Free 1 year service charge / maintenance

He signed the SPA in 2013. The project expected to complete in 2016. On the 5th year (2018), will consider selling it at SPA price (minimum) or higher. Can avoid RPGT somemore.

wow. congratulations.. that's really a good deal! May I know is it high level (>10th flor) or <10th floor? SOHO units , right? when i went (first time) last sept or so, no more this kind of pricing. He must have got it in early 2013?

This post has been edited by corleone74: Aug 19 2014, 04:36 PM

I moved out lo but still maintain my unit there for rental gain. DASH fighting is on going, how we will win. I think high chance. HAHAHAHA

rental ok kah ? just give the $/psf enough ady.

Hi, I am stayin in MSQ. I am in Emerald. Rental gain is good coz I bought 1st hand. RM210k I bought, rented for RM1900 now. Good?

very good! 210k is the early launch price, right? but i'm amazed it's 1900RM rental! 9xx s ft or bigger?
my relative stay there & i often go there for visiting. one day maybe we bump into each other.. haha

This post has been edited by corleone74: Aug 19 2014, 11:02 PM

Below 10th floor of course. Sometime in June/July 2013.

Jun 2013 still have low floor units? When I went all gone. I was late by a few month i guess.

jack stop spamming his thread pleaseee

Yes, early launch price. Mine is smallest unit (874 sf). Emerald is one of the well-maintained condo in DP due to low dense and good RA. I just rented out few months ago. But, recently quite difficult to rent. Last time I used to rent out for RM2k. Now, market soft. reduce price lo. Hahahaha.

Since you are interested in property, what your opinion on property price pre and post GST? I received mix feedback la. Some ask me to whack now, some ask me to hold after GST to look for bargain. Confuse....

i heard now lesser ppl buying property around mont kiara all. Only the rich can afford.

Emerald - mY relative unit is the service apartment block 3.. 9xx sft I think. They will be quite happy I report to them rental is almost 2k. haha.. thank you for the good news.

My sincere belief is that now is the time to be patient. Property run up quite a bit, affordability becomes the main issue now. As for the great GST debate, many are saying there will be a spurt of buying before GST and price will stagnant after GST implemented. SO far I don't see the GST buying spurt. I won't be surprised if market suddenly jump up after GST.

I suppose if someone desperate need a place for own stay (for eg now renting) might as well buy as soon as they find something they are comfortable with (in terms of location, personal preference, ability to pay for it etc). If for investment, I really can't see many properties now that are giving good yield. Even buying new launch property now is a risk as prices may fall.

However, for me, if I see something I like, and I can afford it, I will still buy it. I also think 500k now is the new 200k. Those good property in good location close to that baseline should be quite safe.

Anyway, my 0.02 sen only.

Isn't this similar to genneva gold ponzi scheme?

Thanks a lot for the sharing. Really helpful. Clear my doubt.... Thanks. Ya, my emerald unit is fully furnished (only need to bring in clothes and can start staying)

How's it similar?
We are talking about buying property here.
There are black and white documents (signed and stamped SPA, letters from developer) to evidence the entire transactions. Housing loan is taken and loan documents are signed. Developer is highly reputable.

You can substitute gold with condo. Of course, option to sell back to developer is not available.

Classic apples and oranges comparison.

Personally, I would feel safer to invest in property. Even Warren Buffet thinks that investing in gold is stupid (source: http://www.marketwatch.com/story/why-buffe...pid-2013-04-18)

Btw, developer SPA is strictly governed under Housing Development Act. House buyers will somehow be protected (not fully, of course). The loan will be progressively disbursed by the bank in stages until completion. The buyer will be able to see, feel and touch the property and finally take legal possession.

I am not sure about the whole Genneva's scheme. Is the physical gold in the investor's own possesion? Guess not. If yes, don't think their investors would be making SO MUCH noise if they actually have the gold in their possession.

Plus, buyer must be careful and do a proper due diligence on the developer. In my friend's case, the developer is a public listed company (with good track record) whereas Genneva is a private company.

How could it be the same. Genneva is a scam ponzi scheme, am I right?

http://www.akpk.org.my/learning/articles-a...investment-scam
http://www.thestar.com.my/News/Nation/2014...ra-codefendant/

This post has been edited by corleone74: Aug 21 2014, 04:05 PM

Miss the forest for the trees

Tomorrow going to view few unit in I-zen 1.

next to multi tier highway.

how much the asking price? big?

Hey dude, be a joker in tat Kopitiam thread is enough la.....
Coming into prop thread and compare prop with gold investment is making u a real classic joker in lyf.....

Izen 2 is linked to the mall.... may be better choice....

u mean attached to the the 1mk mall? the car park like shit. worse ever carpark.

whats wrong with the car park?

This post has been edited by AppreciativeMan: Aug 22 2014, 01:19 PM

there is a big difference between stockpiling GOLD, and investing via a dodgy ponzi style gold trading investment firm!

recently saw 1MK still under refurbishment. any idea when the completion of the works and any interesting new tenants coming in?

Speaking of genneva all many of those investors seem to have sick relatives that need the gold income for treatment, if the complaints are to be believed.

Definitely......
So the po-fessor who claims both similar is realy........

No idea of tat.... hasnt been checking out the place quite some time after my unit tenanted......

what's the gross yield? was it easy to rent out? (easy meaning can rent out within a month, and more or less didn't have to give such a big discount on asking rental)

Very good rental for small units.....
Tenanted to Japan Corporate, in fact slightly higher than my targetted rental...... ROI is high for me as furthermore i got a good bargain for the unit....
Along Jln Kiara, there is a shortage small units condo.... tat is why u see Arcoris launch with mostly small units, pricey but still good take up rate....

Yes, I know the smaller units are in demand there.

But arcoris, when it comes on-line, may screw up that dynamic!

So anyway, I assume from what you write, it's pretty easy and fast to rent out as long as the asking rental is not too high.?