Any update of this project? really change contractor? Hopefully its because Maju decided to have GYM n Swimming pool to boost sales.

Such massive project at such high price psf without facilities is a bit of joke and very hard to sell in this soft market.

I'm very interested in this Maju project due to its a duplex with 3 bedroom.

but I put off from buying this project due to
1) Leasehold
2) No free carpark
3) No swimming pool
4) No Gym

Basically paying high price for a low cost apartment built on top of a shopping mall.

I fully agree with this, if not, then lower price to apartment without facility price.
If still stubborn and go ahead with such premium price, with no facility and carpark.. I dont think this project can sell.

I assume people got no confidence this project will go thru due to following reasons:

-This is not something new (apartments built on top of mall)
-Too many competing projects with such concept and no guarantee the mall will be successful
-No parking lot, no gym and no swimming pool = affordable flat but selling at premium Condo price
-single lay-out with no choice for buyer (one size fits all ) and super high density
-this is only phase one, total going to build 7 identical blocks.. doubt can sell in this soft market at such price
-China developers will be coming these 2 years in droves and will flood the market like what they are doing now in johor

look at GEO bukit rimau, people paid deposit 3 years ago, now then developer start to clear land.. may take another 3-4 years to complete.
It's a very tough to sell in this soft market unless they adjust their price to meet market sentiment. ($400-500 psf)

This post has been edited by michaelchang: Dec 10 2016, 10:24 PM

I guess the developer is having a major headache now, too many cancellation just for phase 1... plus I believe they saw the mistake they make, trying to sell a service apartment without swimming pool and gym is equivalent to selling rumah mampu milik but at luxury condo price!

With recent launching of project like Hamilton, Maju project is grossly overpriced..
If they proceed with construction, I doubt they can sell phase 2 n 3 (they have 7 phase in total)

They have problem paying back deposit which is less than $5k, how can they have $ to buy back after VP? In fact, with their financial status now, I wonder if they have enough $$ to build?

Don't forget this project is without swimming pool and car park, $450-$480 psf is the reasonable price for such apartment at Sg. Besi.

Very high density = lower rental value

Maju has bad record on Mall management, no guarantee that this mall will be successful.

Car Park rental signed @ 5 years.. very dangerous as not equal to apartment tenure 99 years.. if every 5 years if they increase price by 100%, what are u going to do? sell car away or park elsewhere and take public transport home

No free car park provided.. cannot park here...lol

They are thinking about $$ in the future.. imagine 4000 unit rent car park at RM$150/month = Rm$600000/month profit or Rm$7.2 million/year

If every unit need 2 car parks or they raise price after 5 years to RM$300/month
Profit will be RM$1.2 million/month or Rm$14.4 million/year.

This a massive profit for the next 99 years.

How not to make effort? apartment with no swimming pool and no car park.. Phase 1 already struggling to sell, so many cancel their booking.. How to sell till phase 7? I'm guessing the 2021 dateline very hard to meet unless they lower down the price significantly

RM$150/month per lot, contract for 5 years.. after that price review and rental may go up!

I have to agree, this project may appeal to those that cannot swim and ride bicycle... they are not water fish.. they just don't need swimming pool and car park

This post has been edited by michaelchang: Mar 29 2017, 08:02 AM

This developer very smart, want everything.. maintenance fee is $0.33/sf

I'm not sure if they collect based on paper 850 sqft of lesser.. but with 4000 units and if collect at 850sqft x $0.33 = RM$1.122 million/month = $13.464 millions / year

with that amount.. the owners of Maju apartment are actually subsidizing the mall below.

if every owners rent 2 car park.. cost of car parks + maintenance will be $280 + $300 = $580!!

4000 units x 580 = $2.32 millions/ month = $27.84 millions/year.

cost of maintenance of high density apartment in KL without swimming pool average is $1.5-2 million/year

Net profit for developer is at least $20+ millions/year.

Smart but may back fire if cannot sell! ( A bit too greedy and parking only sign 5 years.. they are looking at price increase after 5 years for more profit)

Most probably will be the 1st failed Mega Integrated project in Malaysia.. Seriously doubt they can sell 4000 units at this price without swimming pool and car park..

Even affordable housing @ $300K also have swimming pool and car parks nowadays!

Many potential buyer were not told of the short comings of this project, only see mall + ktm/Mrt connection.

They will not consider buying when they find out that
1) No parking lot allocated (need to rent and renew+ (possible price revise) every 5 years)
2) No swimming pool (even Prima project selling at half the price has swimming pool)
3) High monthly maintenance despite no swimming pool
4) leasehold selling at future price
5) If mall fails, the price of property above will drop (Putra Sunway Mall with both KTM n LRT connections is very quiet everyday, I'm not sure how long can this mall sustain)

Did you hear correctly? parking at RM$450/month? If it's true, that's daylight robbery!

SPA is a very important document and law binding. Read carefully before signing. Check what was added or removed. Sometimes a change of phrase, words or sentence may put you in a very disadvantage position. Consult your own lawyer if unsure, never use their lawyer!

with current sales, I doubt they could proceed with this project.. sell until 2021 also cannot get so many buyers for such high density and without condo facilities (swimming pool) and no car park given to owners

They use the, "you don't ask, I don't tell" tactics! most of the buyer unaware the project does not have swimming pool and car parks.