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Investment OUG Parklane (Genuine buyer only) - Version 2

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woolei
post Apr 29 2015, 09:46 PM

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QUOTE(jinsailoo @ Apr 27 2015, 05:06 PM)
if you go Kuchai Avenue before you can fell it will become like that later
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eh, kuchai avenue really got many "special services" meh?
parklane share the same environment... most properly will be same fate if like that.
woolei
post May 1 2015, 12:25 AM

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QUOTE(98188729 @ Apr 30 2015, 05:04 PM)
For Phase 3 buyer hardly to go for high price but I bought Phase 1 so tat y i can sell at 4XXk.
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what is the market price for parklane now?
woolei
post Jun 2 2015, 12:24 AM

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QUOTE(DrPitchard @ May 29 2015, 12:04 PM)
Just below RM30k for the reno works, which includes the tv cabinet, dining wall, dining table with connected island and also fridge compartment, shoe cabinet, wet kitchen window (no wet works though), plaster ceiling, necessary electrical cabling and labour for paint job.

Loose items is about RM20k, sofa (coming soon), bed and mattress for 2 rooms, electronic door lock - 2 sets, dining chairs, lighting for entire house, fan, water filter, coffee table, paint.

Total is below RM50k, but that's excluding fridge, dryer, washing machine, tv and dry kitchen cabinets.
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Bro, personally feel that you invest too much d.

since you only stay for 1 years, why not just have basic reno.

btw the reno is nice.
woolei
post Apr 24 2018, 01:14 AM

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QUOTE(JustNobody @ Apr 6 2018, 09:22 AM)
The no bidder might be other causes involved, Anyone checked out the unit? Illegally tenanted, heavy renovation needed, maintenance fees piled up a lot, etc.. I believe there must be someone taking a good look at it.

May be this round will have taker... It is a good price to get although it is like foreign village there now.
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the maintenance fees need to bear by the new owner?
could be few k.
woolei
post Apr 24 2018, 01:16 AM

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QUOTE(uncle08 @ Apr 11 2018, 02:12 PM)
is d d reason property price dropped for block D?
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hmm, last week spoke with agent. he told me PE1,2,3 rental is lowest at 1.2-1.3, while the others block can fetch higher rental.
am i begin conned?
woolei
post May 6 2018, 02:28 PM

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QUOTE(AskarPerang @ Apr 24 2018, 11:50 AM)
Nope. Maintenance fees borne by the auction bank out of the purchase money.
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in this case it seem low risk to get auctioned parklane unit, worst come to worst need spend 10-20k for touch up only. it still a fresh 4 years old services apartment.
woolei
post May 6 2018, 02:40 PM

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QUOTE(lowyatlau @ Apr 24 2018, 11:21 AM)
I can confirm your agent BS you. As some of my friend rented their unit at Block E and rental on this block definitely can compete with the rest of the blocks. Just common sense what make other blocks outstanding than Block E? In term of Security Control, i think Block E is much tighten than the rest.
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Those agent told me because block E is phrase 1(the 1st phrase), the owner entry price is lower.
hence the owner are "Okay" to rent out their houses at cheaper rate to attract tenant.
:S

from my own study, the market rate as of 2018 from those rental website ( ibilik,speedrent, iproperty and etc) for parklane.

basic unit = lower or equal to RM1200
basic unit + partially furniture (aircon,heater,kitchen cabinet,wardrobe) = RM1200 -1300
basic unit + partially furniture + washing machine + fridge = RM1300- 1400
fully furniture with everything = RM 1400-1600

so as a blok E dude, i am kind of okay to give RM50-100 discount to the tenant for attraction/speed deal. (reduce the time of vacant house).
woolei
post May 6 2018, 02:42 PM

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QUOTE(darren_yuri @ May 6 2018, 01:24 AM)
Security protocol is the same with all the residences blocks here.
I get your point, is more like the population only.
And also just depends whether the management, security, tenants/owners and residents want to follow the rules or not.

Block D2 which I am staying now, mostly accommodates by locals only.
Hence why it looks much more controlled and organized than Phase III.
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ya, agent said D2 doesn't have alot of foreigner, mostly local genius.
so their rental can goes up higher.
woolei
post Aug 2 2018, 02:25 PM

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https://www.iproperty.com.my/guides/kuala-l...ntial-projects/

No 1 Desa Green
No 2 Parklane oug
woolei
post Sep 26 2018, 10:49 PM

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QUOTE(yohannes @ Sep 26 2018, 05:29 PM)
Hi guys,

Can anyone advise what is the floor to ceiling height at parklane oug ? Buying wallpaper and need to do some estimation.

Thanks.

Regards,

Yohannes
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dude, mind to share your purchase price & phrase?
my colleague interest to grab 1 for investment.
woolei
post Sep 27 2018, 10:50 PM

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QUOTE(yohannes @ Sep 27 2018, 12:40 PM)
My purchase price is 400+  sweat.gif

Late buyer of Phase 3 from developer... so from an investment perspective , mine has been a very bad investment. haha
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ops, u not new purchaser?
why suddently reno after few year?
woolei
post Sep 27 2018, 11:00 PM

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QUOTE(Tan&tan @ Sep 27 2018, 07:09 PM)
And yet green block is d last phase. More premium price . Owner is crying . Some buy at 480k . Some buy at 250k ..
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250k should be phrase 1 + low floor + 1 car park.
developer selling price never hit 480k la, it around 375k++ after rebate.
but those buyer who brought 2nd hand after it VP, is transac around 450-500k, they the one crying.


QUOTE(uncle08 @ Sep 27 2018, 07:33 PM)
Phase 3 is green. Mind to know which block? The management is managed by gangster indian boss Look fierce like those in jail one. I think u better give up this else u will regret. Management office just want to earn money and never solve problem at all. Useless rubbish management in the world.
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LOL gangster indian boss??? sure or not.


QUOTE(BEANCOUNTER @ Sep 27 2018, 08:06 PM)
U dont understand where i was coming from bro

Just for argument sake, even if you sold yr parklane 2oyrs later at rm800,000 but the rm800,000 is same purchasing power of rm350,000 at present value, you still lose money and not making money.
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blink.gif apa ni

the buyer only pay 10% down to own a house, after that tenant paying the installment 20 years on behalf of you.
if purchase price RM350k, 20 years later sell for RM800k where got lose money.
better than put inside FD lor.

woolei
post Sep 28 2018, 11:31 PM

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QUOTE(Tan&tan @ Sep 28 2018, 07:06 PM)
BUT BUT BUT who the hell so bxdxh go buy a 35 year old condo with 3xxx or 4xxx units ?? Hahahaha landed different story la . Don’t be too optimistic bro . Back to the facts ... what is jalan puchong ??? Okay la we back to condo . Jalan Kiara 1 condo some 20 plus years , people still buying . Coz ? Location location location. LOL WHAT IS JALAN PUCHONG 哈哈哈哈
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jalan puchong is booming, 2 new development in the pipeline (platinium oug , the como).
if pavillion 2 manage to attract office, the cheapest place to stay with public transport to pavillion would be bukit oug condo + parklane oug.
the power of RM1.2k for a 3 room house is sibeh attractive for low income worker.

QUOTE(AvenueX @ Sep 28 2018, 08:50 PM)
Buyers market not forever. Don't be so pessimistic. All I'm saying is there is money to be made over the long term. How much and if it is worth the risk / hassle is the question. Better off putting your money in higher yielding investments. Cheerio.

Also, who ask you go buy the one with highest density. There are 3 separate phases. If die die want to buy also get the lowest dense block lah.
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how come i feel green block the best, the orange block and dark gray block(not black color la bro) got no chinese hawker store.
woolei
post Oct 26 2018, 10:36 AM

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QUOTE(samkps @ Oct 10 2018, 08:48 AM)
Bank lelong unit chip in... starting 315k, bumi lot.

https://www.lelongtips.com.my/property/5603...ur-for-RM315900
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RM315 lelong not so cheap wor, now iproperty asking price 340k only.

QUOTE(powerkickers @ Oct 21 2018, 10:02 AM)
I think Parklane still okok because the location to PJ, Puchong & Bukit Jalil are quite near & easy. Furthermore selling price & rental is quite cheap compare others.

Just density is high. But anyway, now all new condo development density getting higher & higher.
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density doesn't really matter much, dont feel it at all honestly.
somehow i feel the density not high enough... that y those shop below still half close half open.


QUOTE(HELLO HELLO @ Oct 21 2018, 05:36 PM)
Now here manyak Low mid income group top choice to stay here.... due to work and quick access to manyak main major areas. Can get whole unit with very Low rental price.
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rental goes around 1.3k~1.4k for semi furniture already (fridge , washing machine, aircon, parking).
household income with 3-5k, this place really worth it.
in term of access, go bukit jalil is near.


QUOTE(Quang1819 @ Oct 26 2018, 10:27 AM)
I've that is place is sorta shabby... Until properties there are chicken nest... Is it true? Even a lot of units are being stayed by foreigners
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no chicken lor, if want find chicken have to go pearlpoint la, parklane no shopping mall.

woolei
post Oct 26 2018, 01:28 PM

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QUOTE(Quang1819 @ Oct 26 2018, 10:46 AM)
Hm... Its different from what I've heard. Friend work there and have meal daily there. Said that always see those GRO come down from lifts all the time to have meals after "exercising". Even the restaurant owners said at night always busy with these customers laugh.gif
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yerr... blink.gif blink.gif so it like phone call to deal? 1 problem is parking not enough, hard to do business.
woolei
post Oct 30 2018, 10:29 AM

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QUOTE(DrPitchard @ Oct 29 2018, 10:46 PM)
Phase 2 and 3 need to follow what Phase 1 is doing, which is to have paid parking with control gate/barriers. Give it a free 1 or max 2 hours parking. By doing this, customers to the businesses downstairs will still get to enjoy free parking while patronizing the business. Tenants, on the other hand, who park there for long hours, will need to pay. That's the best I can think of to revive the businesses downstairs.

At the same time, tenants will need to look and rent from those who have parking lots inside (resident parking). There's still a fair bit of parking which are always empty. Owners probably don't care and leave it empty. All these empty lots should be utilized.
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but u see phrase 1 now.. only 2 mamak survive, alot parking but people dont want to park also.
woolei
post Oct 31 2018, 12:09 AM

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QUOTE(kitkat71 @ Oct 30 2018, 09:32 PM)
Yes very true,the shops in  Phase 1 quite bad after they installed paid parking. Only 2 mamak shops compared to phase 2 and 3.If want to install paid parking, maybe free for 3 hours. But then, how is the parking operator going to make money is left to be seen coz usually the first 2 hours is where the money comes in. Also the mamak shops make roaring business especially when there is football matches at night so people would just come in, order drink and go without paying anything.
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Currently it free for 1st 20 minute only, but the rate is quite cheap what... it only RM1 per hours and max RM6 whole day.

what on my mind is, the ticket cost can bear by the mamak (something like tesco - able to scan & verify)

but still, alot of empty shop even after 5 years, that place can only stay but cannot do business.
woolei
post Nov 7 2018, 02:49 PM

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wah… 284k is like phrase 1 launching price.
woolei
post Dec 3 2018, 11:38 PM

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QUOTE(AskarPerang @ Dec 3 2018, 04:19 PM)
Once again no bidder. Below rumahwip pricing also nobody interested! Price cheaper than ever now.

PC1-2708, No. 1, Jalan 1/152, Taman OUG Parklane
Reserve price 🔥🔥RM 256,000🔥🔥
Freehold
950 sqft
Auction: 21-Dec-2018 (Fri)
» Click to show Spoiler - click again to hide... «

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RM250k, super leng.. cheaper than launch price.
woolei
post Dec 11 2018, 11:04 PM

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QUOTE(uncle08 @ Dec 11 2018, 09:30 PM)
Only green block electric is residential rate. Orange block electric and water is still commercial rate. What about Black block anyone can tell?
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how come green block get residential electric rate?

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