So you better watch out, later they come after you

Others condo like 288 is still ok because it is a private condo. Outsider cannot simply came in.

Parklane is different. Common area is open to public and accessible by outsider. Worst still the JMB is separated by blocks.

that why i will avoid any residence unit with shop lot down stair,
at the end will turn into 3-5 story old type shop apartment.

Yea... I also avoid buying condo / apartment with shop down stair... There will be rats / cockroaches all over the places due to Malaysia biz people never learn about clean one! Malaysia is as well tag as destroyer of everything... lolz..

Then why those owners didn't take any actions or complaints ?

i not worry about that, because i am not a buyer.... but my friend is, bought for marriage used....~~~

maybe i will suggest my friend to look for malaysia version "leng kuan" to fight back "chen hao nan"

Chicken Chiu (San Gai) will do it

So I assume you all are not owners/investors/tenants of Parklane OUG?

From launch all talk until today, high den, pak hitam, i already earn and thr price already from 280 to 430, rental can cover instalment , still talk..

so rental really can cover installment ke?

Yes

tnang,

If you bought at phase 1 for sure is oledi earn cos I dispose my 2 unit there but unfortunately for those who bought phase 3 is really hard to dispose as all the 4500++ unit are same design and same size so the market price at Parklane OUG is average 430k per unit. Phase 3 owner bought their unit i think should be 4xxk so hardly to sell it even rental maybe cant cover the installment.

LOL
Just curious to know their position on this, whether they are first time owners, regular investors or just renters. Hahahahahaha, interesting to see them talk and give their comments, on how bad it is, with the presence of Africans, bad maintenance, poor workmanship, parking issues....blah blah blah...

I'm an investor, and to me, it's all about the ROI. To arrive to that, I need to be sure that the
a) location is right
b) there is demand/liquidity, and again, this will heavily depend on a).... LOL

I entered late (Phase 3), but nevertheless, have made my fair share of profit already as entry price is only low RM300k+.
My take is these group of people are either just renters who can't afford a property, still staying with family or first time owners only, be it at Parklane or somewhere else, but certainly not regular investors.

Can't cover today, doesn't mean it can't cover tomorrow.
My first property few years back, for first month of rental, cashflow is negative RM200. Today, it is positive RM170. I'm sure 10 years down the road, that figure will be somewhere between positive RM700-RM1,000.

If I were to have that mindset, that can't cover my installment upon purchase and thus, I should not purchase it, I would be relatively much poorer off today. Glad that I didn't have that pessimistic mindset.

Peace.

my landed at Setia till today still negative cashflow, but very good ROI. nothing wrong, as long as overall portfolio is positive.

yes, Parklane may not the best investment, but not regret.

next year, maintenance fee will up again. ROI cant catch up

Where the news come from?

Free maintenance fee for 2 years, phase 1 due on Sep 2016. hope rental can pick up after that.

Even if it is negative cashflow, and it maintains the way it is up until the loan is fully served, will still be profitable for sure. Total cashflow out maybe RM50k for a RM400k property? Buying a RM400k property for only RM50k, who don't want?

Of course, if positive cashflow, even better. Getting a RM400k property and on top of that, got free cash of RMXk.
Property investment can rarely turn sour, unless there is really no demand and price dips below purchase price when taken over a long period of time. Etc: Bukit Beruntung properties.