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Investment THE LEGACY OUG, Luxury Living in Overseas Union Garden

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Chris Chew
post Dec 9 2014, 11:40 PM

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QUOTE(suppinfresh @ Dec 8 2014, 12:59 AM)
Where the paradigm loc?
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In directly opposite KR2 ( visual from Kesas ) or directly opposite Aked Esplanade ( not visual from Kesas )

After OUG Toll, KR 2 on ur right and after u drive thru and skip the interchange ( left to OUG and right to Bkt Jalil ), OUG development by WCT is on ur left, stretch to near Sri Petaling.

Chris Chew
post Dec 10 2014, 03:20 PM

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QUOTE(suppinfresh @ Dec 10 2014, 02:40 AM)
Chris gor , behind tmn yarl is it?
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Hmm, I think behind is not proper word since there is no certain main entrance of the taman or area, unless we talking about a building, hehe.

I think Tmn Yarl consider next to it, separated by a road. It's directly next to OUG.
Chris Chew
post Dec 12 2014, 12:30 AM

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QUOTE(myproblem @ Dec 10 2014, 11:31 AM)
Any Double/Tripple storey houses are worth investing. Personally, i predict in very near future, maintenance fee will shoot up to 80 cents per unit.

If u are staying in a condo unit say 1,000 sq feet, be prepared to pay $800/month. For bigger and older units, $1,000/month will definitely happened.

6 years ago, i still can find 10 to 15 sens/sq feet for newer condo but lately 40-50cents/sqf is very normal.

After the GST, things will become very expensive and be prepared rental may not able to cover up your loan interest.

Therefore, for own stayed, landed is the answer.
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Which new condo with RM 0.40 to RM 0.50 / sqf and is very normal?

If such condo is charging such high maintenance fee, it would be a quite high class condo or with plenty facilities.

There are a lot of new highrises with RM 0.30 psf.
Chris Chew
post Dec 19 2014, 10:14 AM

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QUOTE(forever1979 @ Dec 19 2014, 09:03 AM)
Most of the OUG house is 20ftx80ft and at the moment , with renovation is asking RM1.0-1.2mil.

As this is a freehold property, say with an appreciation rate of 5%-7% per annum, RM2.0mil is possible in 10 years time from now.
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If not mistaken, OUG 20x80 is worth around RM 900k and max RM 1m ( depending on renovation and extension, can be higher a bit if demanded)

No doubt the location is sibeh good but houses too old.

To have 5-7% appreciation rate per annum is possible if market good but to have continuously 10 years, definitely not easy.
Chris Chew
post Dec 22 2014, 03:31 PM

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QUOTE(homefinder @ Dec 20 2014, 12:14 AM)
For those who has acquired in to property for the past few year especially those who has experience 100% gain so far will automatically make believe that it will continue to grow maybe this time will take a bit longer time to achieve double again.
I personally has achieved 90% profit for GResiden so I always has a feeling that property will continue to grow forever until the recent oil price which drop from US100 to US50 in less than a month time & this has proven that nothing will grow forever. Well I just feel like sharing my taught hope no offend & probably forward we will need to be more cautious in our investment.
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+1.

Chris Chew
post Dec 22 2014, 03:35 PM

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QUOTE(Babizz @ Dec 20 2014, 07:16 AM)
i think prices will continue to trend upwards but growth will be slower.. I think non G&G landed will grow at a slower pace..

my2c
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I concur with that.

I believe non G&G will grow at slower pace and older landed could be slower if surrounded area with landed property are developing with commercialize.

 

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