QUOTE(newbieinlowyat @ Sep 28 2016, 11:54 PM)
how many sf ?Investment ARTE@MONT KIARA [OWNERS' THREAD], Something Cool is Coming to MK
Investment ARTE@MONT KIARA [OWNERS' THREAD], Something Cool is Coming to MK
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Oct 14 2016, 04:30 PM
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Junior Member
224 posts Joined: Jul 2011 |
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Oct 15 2016, 11:10 AM
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Junior Member
156 posts Joined: Jun 2015 |
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Oct 15 2016, 11:17 AM
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Junior Member
156 posts Joined: Jun 2015 |
QUOTE(Berkshire Breakaway @ Oct 14 2016, 03:31 PM) The whole area this is the only leasehold Intelligent buyers nowadays, do some survey on what agent say especially on price and rental then you will know its fact or myths. Discount abit on agents's say. Anyhow, no perfect properties just how you make it perfect.But agents compare with better quality freehold condos and say arte is good. I would discount 40% from the area's market rate to say it is a good buy. |
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Oct 15 2016, 11:18 AM
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Junior Member
156 posts Joined: Jun 2015 |
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Oct 16 2016, 01:24 PM
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Junior Member
139 posts Joined: Jun 2008 |
I know a project in Mont Kiara with 45% rebate and its Freehold! Pm if interested.
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Oct 16 2016, 04:34 PM
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Junior Member
5 posts Joined: Mar 2014 |
Kindly PM me if anyone looking studio unit around 500k
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Oct 18 2016, 12:02 PM
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Junior Member
156 posts Joined: Jun 2015 |
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Oct 25 2016, 09:04 PM
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All Stars
12,529 posts Joined: Feb 2013 |
Im trying to understand arte's buyer better.
For Arte, 1700 ppl paid 900++psf+6%gst+ unfavorable progress billings due to NON schedule H which is maybe an extra 5% interest and beside HTC. As its a soxo, subsales will be harder to appreciate n u will need to compete with 1.7k other units or rental n subsale. I think MET1 may be a better bet if one is interested in owning a piece of KL Metropolis. But i fear d access roads for metropolis n dutamas, development progress as things have been SLOW, MRT3 may only be ready in 2025 and the supply of Arte will flood the market. This post has been edited by Babizz: Oct 25 2016, 09:11 PM |
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Oct 26 2016, 11:06 AM
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Junior Member
393 posts Joined: Dec 2015 |
So MET one will soft launch next month.
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Oct 26 2016, 08:35 PM
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All Stars
12,529 posts Joined: Feb 2013 |
QUOTE(sathgan @ Aug 4 2015, 08:19 AM) Arte Mont Kiara Project by Nusmetro Keeping this for future reference when ppl ask abt soxo. Are there carparks given as part of the SnP?Sale and Purchase Agreement is lopsided. Just check carefully before signing. 1. completion period: 48 months from superstructure date and not from signing of SPA. That means the basement and car park can be built and progress payment will be released by the bank but completion period does not start. By the time reach superstructure, 50% of the purchase price is released already. Only then 4 years to complete 2. Defects Liability does not include air cond and pantry top only building work 3. Purchaser cannot sell property until strata title issued. Means not so good for investor because cannot sell. However if the developer agree to allow sale then the have to pay 1% of the new purchase price or valuation price (whichever higher) 4. Payment schedule - not normal, very upfront arrangement. there is a risk that the balance money may not be enough to sustain the project if any problem. many more points. need to go thru carefully |
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Nov 2 2016, 09:35 AM
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Junior Member
96 posts Joined: Oct 2008 |
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Nov 2 2016, 11:08 AM
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All Stars
12,529 posts Joined: Feb 2013 |
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Nov 13 2016, 05:02 PM
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All Stars
10,061 posts Joined: Dec 2004 From: Sheffield |
I heard its 40% now
they have a booth in the curve, some one bed unit (517 sq ft)going for 57x k and two bedder (595sq ft) going for 62x k discount as high as 19% from listed price. |
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Nov 13 2016, 05:06 PM
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Senior Member
2,294 posts Joined: Sep 2009 |
QUOTE(bearbear @ Nov 13 2016, 05:02 PM) I heard its 40% now lol still have one bed unit? always say sold out sold out last unit etc. until now still selling one bed unit? lolthey have a booth in the curve, some one bed unit (517 sq ft)going for 57x k and two bedder (595sq ft) going for 62x k discount as high as 19% from listed price. |
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Nov 13 2016, 09:33 PM
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All Stars
10,061 posts Joined: Dec 2004 From: Sheffield |
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Nov 13 2016, 09:42 PM
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All Stars
12,529 posts Joined: Feb 2013 |
QUOTE(rachel_xxx @ Nov 13 2016, 03:06 AM) lol still have one bed unit? always say sold out sold out last unit etc. until now still selling one bed unit? lol Always like this when got unethical agents around promoting it. In a few weeks when met1 by naza is open for sale, this will be MUCH harder to sell the leftovers. Already 40% progress billing but looks like 10% only if its svc apartment. Long way of paying additional interest coming owners way |
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Dec 13 2016, 01:37 AM
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Junior Member
156 posts Joined: Jun 2015 |
QUOTE(Babizz @ Oct 26 2016, 08:35 PM) Keeping this for future reference when ppl ask abt soxo. Are there carparks given as part of the SnP? need update bit bit on this after i study snp long time ago1) forget le n re-read 2) normally those kind of freebies under warranty instead of defect liability 3) applied to all commercial prop. 1% before get strata title. but x worry la coz u will get strata during handover also. 4) payment schedule accordin to commercial schedule as usual. developer got enuf money, project run lagi smooth kan? |
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Dec 13 2016, 01:43 AM
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Junior Member
156 posts Joined: Jun 2015 |
QUOTE(Babizz @ Nov 13 2016, 09:42 PM) Always like this when got unethical agents around promoting it. In a few weeks when met1 by naza is open for sale, this will be MUCH harder to sell the leftovers. also got ethical agent geh . hahaha.Already 40% progress billing but looks like 10% only if its svc apartment. Long way of paying additional interest coming owners way This post has been edited by newbieinlowyat: Dec 13 2016, 04:53 PM |
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Jan 7 2017, 11:17 PM
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Junior Member
555 posts Joined: Apr 2006 |
I bought Tower 3,Level 3A. Until now,I have yet to get back my 5% .
Progress billing keep on coming. I called to Mont Kiara sales office in Sept 16,and being told to wait until 2017. Last week I called, being told to call developer directly. Who to chase actually? This post has been edited by boyboycute: Jan 7 2017, 11:20 PM |
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Jan 8 2017, 03:59 PM
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Junior Member
156 posts Joined: Jun 2015 |
QUOTE(boyboycute @ Jan 7 2017, 11:17 PM) I bought Tower 3,Level 3A. Until now,I have yet to get back my 5% . Hello hi, u shld contact ur agent and need to write in a letter to request for refundProgress billing keep on coming. I called to Mont Kiara sales office in Sept 16,and being told to wait until 2017. Last week I called, being told to call developer directly. Who to chase actually? |
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