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 Sri Bukit Tunku Condo, Is it worth buying?

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Hkwave
post Nov 1 2014, 04:01 PM

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QUOTE(corleone74 @ Nov 1 2014, 03:26 PM)
my take is although the address is bukit tunku but it's at the edge of kenny hills and also next to the KTM rail line and station, gives it a slightly un-prestigious feel the minute you drive out. plus it's more than 15 years old.

furthermore, the 800k listing may be fake. If you check iproperty now, there are only 4 listing for SBT. the 800k listing could just be a hook to get you to call in, the actual unit could be the 990k one.  brows.gif  brows.gif

personally i feel it is a very worthy buy if at 800k. of course if i had double the budget i'd prefer tijani which feel more prestigious as it's nestled within bukit tunku itself.
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Bro, you need to pay attention to the size as well, not only the price :-)

Hkwave
post Nov 1 2014, 04:12 PM

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QUOTE(corleone74 @ Nov 1 2014, 04:05 PM)
yeah that's right the size is smaller than sri kenny next door. but 800k, 1500-1600 sft is really not bad, don't you think?
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It's certainly looks like a bargain price, wanna go check it out? I'm more interested in the 2000sf one for own stay.

From the pictures, seems like a full renovation is needed, probably need to dump in another 150k to modernize it.
Hkwave
post Nov 1 2014, 04:58 PM

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I'm in front of the guardhouse now. Haha. Using google earth.


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Hkwave
post Nov 1 2014, 08:27 PM

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Wah, like that all 4 units sure sold out tomorrow already tongue.gif
Hkwave
post Nov 2 2014, 06:05 PM

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Hmm, this is what happen if a condo is too low dense, even at 0.4psf maint fee, only 80 units, maint fee collected per month is only around 50k? It's definitely not enough to maint 3 blocks.
Hkwave
post Nov 2 2014, 06:08 PM

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How big is the land? Sooner or later, some developer might want to buy over the whole condo and redevelop. But maybe have to wait another 20 years until the place is no longer livable.
Hkwave
post Nov 2 2014, 08:43 PM

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Haha I thought nowadays people love to buy MRT condos? Only those not yet complete is preferred? Haha
Hkwave
post Nov 3 2014, 11:36 AM

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Was at TTDI area this morning, so went to check out Kiara Park recommended by cyber.

Park my car at the teksi stand outside thinking to just have a look from outside. Walked to the guard house, no guard was there, so I sneak in la, haha.

Full facilities and still in usable shape, there have everything here, just that it's old. Priced at 570psf. Ok la.

1.Wonder how is the density like? How big is the land, how many units in total?

2. Maint fee should be cheap? Since their maint income per year is only around 1.4mil. And 2013 have surplus of 33k. Financially well managed. Sinking fund left 800k, not enough for a total repaint thou.

3. I don't like stairs, not suitable for my parents, and I need at least 4 rooms, I see there are 2100sf units stated in propwall but non for sale now. Will get a viewing inside unit if got chance.


Hkwave
post Nov 3 2014, 12:58 PM

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Thanks bro, sure is a nice place with strong community for own stay. :-)
Hkwave
post Nov 3 2014, 01:31 PM

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QUOTE(corleone74 @ Nov 3 2014, 01:07 PM)
why don't you just get MK Astana bro? got 2000sft units.

from your report, basically, i think the Kiara park guard need to buck up their service .  icon_idea.gif  icon_idea.gif

i notice you keep checking the density (no of units / land area).  brows.gif  brows.gif 

one question. How the hell did you manage to get their sinking fund balance? you went to the office and ask for a copy of the annual report?
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Hahaha no la I think the security is ok, maybe he went toilet for a while, he was back when I walked out tongue.gif

Yeah density and management income is crucial for condos. Must be enough for up keeping. Too low means you need to pay more in future, too high means too crowded.

They confidently publish their financial statements on their notice board. It's nice.

Actually I almost bought MK Aman 2163sf. Wife stopped me after viewing. 1.3mil for a condo, at that price we can go for landed corner with a bit of traveling. So back to searching again. No rush la, may wait till the next recession only commit. :-)

How about you? Eyeing on anything? For own stay or investment?
Hkwave
post Nov 3 2014, 03:40 PM

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Comparing aman and damai, damai is definitely more worth.

Look at that land size, after 50 years, all Damai owners will be billionaires for sure. Hahaha.

But the layout for the 2272sf of Damai is not as good thou, unless you break the kitchen wall and make it open concept.
Hkwave
post Nov 3 2014, 03:42 PM

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No la, of course not mutiara damansara.

You missed "with a bit of traveling" haha.

I'm talking about bukit Jelutong, denai alam and elmina tongue.gif
Hkwave
post Nov 3 2014, 03:45 PM

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Yes I went to check out, but 20x70, size is too small la.

For terrace house, I like at least 24x80 then only nice.
Hkwave
post Nov 3 2014, 03:51 PM

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For condo, I like all rooms hidden at one side. You know what I mean? Damai's room is everywhere. But I love the building, facilities and design. It's definitely stays in my shortlist.



 

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