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Investment LAKEVILLE RESIDENCE | SERI WAHYU (Ver 2) [OT], Live Life Differently In New Kepong

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DirectorLee
post Jun 13 2018, 12:35 PM

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Just went to my friend's unit in Tower B, partly furnished, brand: Electrolux
Fridge, Induction Cooker, built in cabinets. partly furnished.

40 floor, each floor 8 units x 6 tower = approximately 1800 units maybe???

The facilities:
Swimming pool is long but quite thin.
Sauna room is a joke (fit only 4 person??? thigh to thigh contact, and almost tune the heater to max, hardly sweat, went out after 5 minutes)
Gym room ok i guess...
4 BBQ facility (goodluck, book 2 months in advance??)

Summary, the house unit and design is of quality, but the facilities area is too small compare to the density. For a RM700++ psft condo (as claimed by my friend), I think it is overpriced. It looks like Lakeville has a lot of facilities, but each of them probably can accommodate less than 20 people, really crowded.

Sorry, did not plan to share prior to this, so did not take many photo. Just a lot of stupid water jumping videos.

This post has been edited by DirectorLee: Jun 13 2018, 12:37 PM


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DirectorLee
post Jul 11 2018, 08:39 AM

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QUOTE(Q_A @ Jul 10 2018, 01:02 AM)
Hi,

I read your response. I would like to know more of your experience with regards to this place. I have recently booked a unit in tower F. Unfortunately, only after booking the unit, I have heard negative reviews about the location (such as being a gangster area). Is it safe ? 

I am aware that MRT coming is up in 2 years , so that should ease the traffic a bit. Also value should go up marginally once it is functioning.

Any kind of feedback from you, would really help me to decide whether I cancel my booking or should I proceed with the loan application.

Your response will be highly helpful.
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My friend bought a unit Block B. I went there, used the facilities too. I am not positive about this place. Its of very high density taking everything into consideration. But it depends on what price you are buying it at, on my pov, if below 650psf or 620psf, for own stay, then is ok.

If you are cash rich, can afford 10% down payment, strongly advice wait for lelong.

They are still selling this by booth, you can head to PJ Starling Mall, see how to sales agent pitch you. Really funny.
Agent: "You know, we Mahsing is just trying to clear stock, we just want to clear stock, so we sell cheap, theres only like 20 units left.
Agent: "Why we want to clear stock? because MahSing want bank release the money. After clear all unit, only bank can release all the money"
(bla bla bla, then price what what 650psft something like that)
My wife: "Wa, sell at dropped price, then those first time buyer how? All cry lo?"
Agent:"Ya la, some complain, thats why, NOW this is good price, good location, we free this free that, room cabinet bla bla bla... Miss when want to see, can call me, I can bring you to view, this is my card bla bla bla..."

Of all the agents at the Hall booths, the MahSing one is the best pitcher, probably very good commission.

My conclusion, because of very low deposit requirement, many who couldn't afford could have bought it back then. Ended up a lot who would not be able to service the loan. Developer is trying to sell with even better offer than previous, speaks much about their standing and their view towards Lakeville. (Even backstabbing the previous buyer?)
I went to other sales gallery, a couple of agents, during presentation, would put up the property they selling compare to Lakeville, say their friend bought, now die la bla bla bla (Sales gallery at North Kiara). So the sentiment about this condo is really bad.
If lelong units start poping out, developer would not be able to sell their remaining units. Because by then, market decides the price.

This post has been edited by DirectorLee: Jul 11 2018, 08:42 AM
DirectorLee
post Jul 11 2018, 11:35 AM

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QUOTE(BEANCOUNTER @ Jul 11 2018, 09:44 AM)
do you think ownstayer will go bid at lelong market?

I have yet to meet any ownstayer bought their 1st home from lelong market.
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Actually I am looking now myself, since 2 months ago, been shopping around... I cant speak for others, but for myself, been going to a lot of showrooms these couple of weeks. And also subsales, but subsales, i find those agents really annoying, they either put a lot of fake photos or mislead you with fake information. Some agents even offer me, if you found which one you view (with other agents) you like, you can give me the address, i split the commission half back to you. Then they keep whatsapping you with "potential property" you might like.


the pros i found is
u get value for money, not overpriced property.

the con is of course, have to put down high down payment.

So, I have decided to buy from keen seller or lelong.
DirectorLee
post Jul 17 2018, 05:09 PM

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QUOTE(BEANCOUNTER @ Jul 11 2018, 01:27 PM)
have you ever bought any property that you never viewed or inspect before FOR ownstay just bcos its CHEAPER than subsale?
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Sorry for the late reply, was off to holiday.

Ok for older properties, I would look at its price, then check if it has kitchen extension, or anything like that, just easily drive thru from the outside, you can gauge how much modification it has done, was it well taken care of? Then book with a agent, to view similar units nearby, to check inside layout.
There are always ways, i do my homework.

For new properties, of course its easier.

Anyway back to Lakeville, I am not interested dont pm me, I am just merely stating my opinion of this condo where the developer backstabbed the early buyers and ditched them. Am looking forward to see whats gonna happen in the next few months.

This post has been edited by DirectorLee: Jul 17 2018, 05:09 PM
DirectorLee
post Sep 24 2018, 05:02 AM

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Yes, My boss friend, bought it with only RM1k or 2k booking fee. imagine projects that allow you to buy with such minimum cash. definitely a lot of overstretched buyers.
Dont worry though, MahSing is an award winning developer.
DirectorLee
post Jan 15 2019, 12:07 PM

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It has been a year, block C is yet to be released.
My friend who bought block B, is cursing like mad. After discount he bought at RM688k. To date, he still owe that same amount after more than a year of loan installment. feel really bad for him.

Went there last week, a few of the gym machines/facilities has broken down. The badminton court also in bad shape.

I am really curious how badly it will be affected once the other 4 blocks are ready to move in.

I bet even Ecosky price would be affected, same to those condos nearby.
DirectorLee
post Jan 17 2019, 07:21 AM

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QUOTE(coolguy99 @ Jan 15 2019, 08:28 PM)
This sounds really bad. My friend had a unit there and I thought of paying him a visit to see how is the condo. I almost bought it last time round, curious if I have made the right decision.
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You can go take a look. If you are really interested to buy, i think wait for the release of other 4 blocks and see how the price fluctuates. Just follow Askar Perang's lelong price post.

 

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