QUOTE(King Gor @ Dec 29 2018, 11:03 AM)
Unless one has concern with structure integrity, is it relevant to stay next to lift core/strongest structure?This post has been edited by icemanfx: Dec 29 2018, 12:03 PM
Investment THE FENNEL @ SENTUL EAST by YTL (V2), Sentul East KL
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Dec 29 2018, 12:01 PM
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#41
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All Stars
21,457 posts Joined: Jul 2012 |
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Dec 29 2018, 02:20 PM
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#42
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All Stars
21,457 posts Joined: Jul 2012 |
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Dec 29 2018, 03:52 PM
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#43
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All Stars
21,457 posts Joined: Jul 2012 |
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Dec 29 2018, 04:28 PM
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#44
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All Stars
21,457 posts Joined: Jul 2012 |
QUOTE(King Gor @ Dec 29 2018, 04:25 PM) For your query, they are using KONE elevators, smoother ride with lesser vibration and noise https://www.kone.my/Images/brochure-kone-el...tcm94-18863.pdf Manufacturer may be good. What about the installer? Track perfectly aligned? |
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Dec 29 2018, 07:25 PM
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All Stars
21,457 posts Joined: Jul 2012 |
QUOTE(King Gor @ Dec 29 2018, 04:51 PM) If you curious about the ability of their professional project management team you should contact them directly as I believe no one in this low tat forum can provide you a satisfying answer. You seem to know a lot about this building. Are you from the developer or main contractor?QUOTE(johnrck99 @ Dec 29 2018, 06:49 PM) There will be no ending to questions like this. Pipu can also.question the quality of the screw used for the lift. What about wall cladding? What infill materials used? Anyone test it?Suggest to do site visit to experience the quality of the lift installed. I can say the lifts r all working well, operating smoothly.in fact no noise even for the unit sharing wall with lift core. This post has been edited by icemanfx: Dec 29 2018, 07:29 PM |
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Mar 4 2019, 03:44 PM
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#46
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All Stars
21,457 posts Joined: Jul 2012 |
QUOTE(A.B.D. @ Mar 4 2019, 02:46 PM) For those who bought there’s nothing to do but focus on the positive aspects. Crying won’t help and waste time, they have to wait and if they make paper profit in future all the crying and stress earlier on wasn’t worth it. Not everyone is lucky especially buying multiple properties and each one appreciate at the rate they expected. Those who can get at 700k and the area works for them i would think it’s great. Stress on negative cash flow could be unbearable to some. |
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Mar 7 2019, 02:03 PM
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#47
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All Stars
21,457 posts Joined: Jul 2012 |
QUOTE(jhuitan @ Mar 7 2019, 11:07 AM) Malaysia property market is very funny, further away city centre like subang pj value can sell more higher than those close to city centre..in sg those close to raffles, marina bay definitely won sell cheaper than Pasir Ris or Woodlands Many buy on low entry cost rather than actual price.QUOTE(jhuitan @ Mar 7 2019, 11:30 AM) Most people are emotional or irrational.QUOTE(BeastB @ Mar 7 2019, 11:37 AM) People following hearts = divorce rate 40-50% globally. The difference between casino and most property investment is time duration; one is instant, the other take years to know the results.If apply the same mindset in investments....might as well hit the casino. QUOTE(DesRed @ Mar 7 2019, 12:00 PM) Developer's greed or being over-ambitious about an area's potential when they priced their projects. No doubt developers are greedy and over ambitious but speculators/buyers are greedier and even more ambitious.I recall AskarPerang mentioned that completed sub-sale properties in Ara Damansara are currently undergoing a price correction when most of those developers are selling them at around RM 8xx/sf and above during their launch. This post has been edited by icemanfx: Mar 7 2019, 02:07 PM |
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Mar 8 2019, 05:25 PM
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#48
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All Stars
21,457 posts Joined: Jul 2012 |
QUOTE(tetsu @ Mar 8 2019, 04:34 PM) The Fennel will take time to improve, as with all condominiums.. If condo improve with time, old condo value would be higher than new launch.JMB was just formed recently. Occupancy is fine as it is as many units are not even renovated. YTL throwing prices sucks, but those units are less desirable anyway as they're right next to the LRT track and temples. Both gyms have always been busy after working hours. Sentul East & West is by YTL and way better located and planned than other projects deep inside Sentul Pasar or on the other side of the LRT track. Not much point entertaining keyboard warriors that comment on almost every topic to increase their post count. Pretty clear that they have no idea what is going on nor ever went on a site visit on the properties they comment on, maybe one or two lol.. Just had a good laugh at an idiot who created a topic trying to buy a 1000sqft-ish KLCC view unit at the Capers for under 700k when there's no such thing. If gym is packed while less than half of units are occupied could mean the gym is undersized. This post has been edited by icemanfx: Mar 8 2019, 09:08 PM |
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Mar 8 2019, 09:34 PM
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#49
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21,457 posts Joined: Jul 2012 |
QUOTE(aspartame @ Mar 8 2019, 09:27 PM) Too many people's mind poisoned by Rich Dad Poor Dad...... property is assets provided loan repayment is current or paid off else could become liability.If you buy a house beyond your means to stay... obviously u r spending too much and it becomes a burden on your cash flow If you buy within your budget and not stay above your affordability , you r paying the rental to yourself... Anyway, big or small , cash or loan, positive or negative cash flows... props are assets |
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Mar 9 2019, 10:19 AM
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QUOTE(BEANCOUNTER @ Mar 9 2019, 09:22 AM) As long as you hold it, it's still an asset even thought it's value dropped below your purchase price. In double entry accounting, loan can't be bank's assets and borrower's assets at the same time.It's only becoming net liability when you sold it below your housing loan value. |
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Mar 9 2019, 11:06 AM
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#51
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21,457 posts Joined: Jul 2012 |
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Mar 10 2019, 02:09 PM
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#52
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21,457 posts Joined: Jul 2012 |
QUOTE(jhuitan @ Mar 10 2019, 01:39 PM) Classic herd behaviour. |
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Mar 10 2019, 02:58 PM
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21,457 posts Joined: Jul 2012 |
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Mar 12 2019, 09:14 AM
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21,457 posts Joined: Jul 2012 |
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Mar 12 2019, 11:26 AM
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QUOTE(BeastB @ Mar 12 2019, 11:08 AM) This is the most important part. 2015 was the tail end of property hoorah and now it's the downturn. Until property overhang is reduced substantially, price will remain suppressed.We don't know when's the next hoorah coming but it won't be in the next 5 years. Bank Negara planning to lower interest rates this year -another sign of contraction. Things will only get worse for property this year, and the developers KNOW IT. 2020-2022 are the next best BBB opportunity. But most people will be scared as usual because prices will be dropping fast AKA "property is no longer a good investment." When you see condos mushrooming up like crazy it's time to get scared, and this trend began in 2011. Now the tide is going down and we will see all those people in the sea who are actually naked (aka no funds to hold). Could property overhang fully consumed by 2022? |
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Apr 5 2019, 07:16 PM
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QUOTE(BeastB @ Apr 5 2019, 05:35 PM) This article made my day. Old but aged well.... Fomo tactic is always effective on the herd.First two blocks of YTL’s Fennel in Sentul East sell out within two days Posted on July 22, 2013 | 15366 views | Topic : Featured, Property News. Punters booked places in queue from night before with shoes and pieces of paper; at sales board, they were given exactly one minute on a timer to decide which unit to purchase. Buyers queued from 6:30am to get the first pick of The Fennel units. The first two blocks of YTL Land & Development Bhd’s The Fennel condominium tower units were sold out on day-two of its preview, announced the developer, after its preview last weekend. Friday’s preview which promised a “first release” was open to VIPs and staff while the following days were open to previous buyers and registrants, which numbered 5,000. The Fennel consists of four blocks of 38-storey condos situated at Sentul East with a total of 916 units ranging from 1,000 sq ft to 1,500 sq ft. Early indications of pricing were quoted at minimum RM650 per sq ft while YTL’s report said that the units were priced at RM700 per sq ft. The booking fee was RM30,000, which is refunded (minus 10% administrative charges) if the loan is not approved. Project manager Y. T. Chee, who took one day of leave from work to accompany his friend to Friday’s preview, describes a hectic atmosphere. “People queued up from 7am and each person was given one sheet of paper to buy one property, and to bring one guest with them,” he said. “The doors opened at 10.30am, and two lines were formed: one for staff, and one for VIPs.” Some punters had begun staking out their places from the night before. “Both lines were allowed to go in in groups of five, at which buyers were given briefings. At the sales board, each buyer was given exactly one minute to decide which unit they wanted to purchase,” said Chee, adding that buyers were even timed with a timer! “‘Time starts now,’ they said. If you didn’t decide within one minute, you were asked to give way to the next person in the queue,” he says. Speaking of the public preview which started from last Saturday, YTL Land & Development Berhad executive director Dato’ Yeoh Seok Kian said: “People were queuing from 6.30am at the YTL Land’s sales office in Starhill Gallery. We expected a huge turnout based on how fast The Capers was snapped up at its launch, but the response for The Fennel is even greater!” The queue which started from the entrance of YTL Land’s Sales office snaked round the entire Relish floor at Starhill Gallery. In fact, some punters had begun staking out their places from the night before on plastic stools that had been set up for the preview, according to Mr Y of PropertyWTF.com.my, who attended Friday’s preview. “Many of them had to be shooed off and they left shoes and A4 papers to mark their territory!” Chee, who had attended Friday’s preview, also returned on early Saturday morning at about 2.30am to buy another unit for his friend who lives overseas. “I saw people with sleeping bags and pillows there. They had devised their own system, where they put up number on sheets of paper to put on the stools,” he said. Chee was rewarded for his diligence by getting a three-room 1,186 sq ft apartment within the first block for about RM820,000. A similar unit would have cost about RM50,000 more in the second block, he says. "rewarded for his diligence" lol the same type of unit is now going for about 700K on mudah/iproperty. Next year probably 600K. Wonder how many buyers regret. This post has been edited by icemanfx: Apr 5 2019, 07:28 PM |
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Apr 8 2019, 09:47 AM
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QUOTE(BeastB @ Apr 8 2019, 08:12 AM) Most people refuse to acknowledge the facts. Just because we had a massive bull run between 2009 and 2012 does not mean every year was going to be the same. 2013/2014 was the worst time to buy property since a big correction was due. ManutdGiggsI stayed away from buying property after 2012, since rental was already decreasing even though property value continued shooting up. Not to mention condos mushrooming out like nobodies business. But this year onward is a good time to look again since many subsale owners will start regretting their purchases. |
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Apr 18 2019, 10:43 AM
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All Stars
21,457 posts Joined: Jul 2012 |
QUOTE(BeastB @ Apr 18 2019, 10:20 AM) Many potential buyers are still riding the hype, even auction units can go for mid 600s now. Which is why we need to give everyone time to wise up, once they see the price dropping steadily they will realize the launch price was a complete scam. Then they will want to let go units in the 600s, good time to buy then. No vendor is willing to sell below cost or perceived market price. $600k units will only available from distressed owners. However, believe many are relieved to let go at outstanding loan amount.This post has been edited by icemanfx: Apr 18 2019, 10:50 AM |
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Apr 18 2019, 12:55 PM
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All Stars
21,457 posts Joined: Jul 2012 |
QUOTE(BeastB @ Apr 18 2019, 11:13 AM) That's my point, we are going to see many distressed owners the next 2-3 years. Thanks to so many over-inflated developments just completed last year and 2017, many owners will realize the rentals they were hoping for is no longer reality. During the bull run, BBB/uuu advocated buy high and sell higher, and were blinded by greed, failed to realize affordability and incoming over supply.We had a massive bull run between 2009 and 2013....and the developers rode on that hype and scammed a whole lot of people the past 3 years with crazy prices and profited. Now the owners will find they're holding assets worth much below selling price. |
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May 1 2019, 03:35 PM
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QUOTE(mexsheep @ Apr 30 2019, 08:23 PM) Hi All, Suggest you to take load of photos and engage a qualified building surveyor to take records. Water leaking and hollow floor tiles need major work to rectify. Without independent and qualified surveyor report, developer will likely brush aside.I am a new owner of fennel here. Just collected my key on last month, got lots of defects. Reported to defect office but been told that need 40 days to fix all the defects. Any new owner encountered similar situation ? 1. water heater not functioning (All 3 rooms) 2. Lots of scratches all over the living room and glass (both bathroom and lanai) 3. Entrance door latch loosen, couldn't lock properly (Fixed within two weeks) 4. Door body got peel off terribly (Fixed within two weeks) 5. Sliding door could not be lock (master room) 6. Water leaking from bathroom , can spot the water mark on living room's wall 7. All rooms are having hollow floor, uneven. Stepping on certain spot can see the bulge and "pop" sound from the planks. Am i the only unlucky fellow here..... Sigh, the staff from defect office is not that efficient, one of them don't even want to admit to the no.7 defect..... Quick fix on door body and door latch is unlikely to last long. Implying poor quality, should have them replace. |
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