RC Residences from far.



Credit from this page: https://www.facebook.com/HimpunanCeritaLawa...98008706958648/

This is an old tactic. After like 2 yrs they say fees insufficient to cover mthly maintenance. Then need to top up to like 10 cents psf. The agreement doesn't say no need to top up the fees. Also, depending on what was the agreed 8 yrs fee mthly is, if they only considered 25 cents back when started marketing then confirm insufficient. Need around 35 cents for high density.

Most condo they will market like 35 cents, then after 2yrs, then say need 40-42 cents. This is marketing strategic to make the development attractive during sales. Only seasoned investors or those been in JMB/MC will understand it.

Yes common tactics. I would say condo:-

400 units < 45 - 50 cents
800 units < 40 - 45 cents
> 800 units 30 - 40 cents

typically range, but subject to condo standards and common facilities.

Anyway lower then that either badly maintained or/and services or very minimal facilities or no facilities.

When super dense, equals more wear and tear, more cleaning etc. So they need more staff. That is why I feel between 400 to 800 units is the optimum range. good for all aspect.

Second lelong unit check in.
Guess is time to list down lelong units here.
Will be more few months down the road.
Lelong unit from RC:
1. A2-45-05, 1045sqft, reserve price 450K.
2. B2-27-13A, 800sqft, reserve price 340K.
3.
4.
5.

Just means the owner already defaulted on progressive payments

Will still affect credit rating.

The best way is to sell the property, not wait it to be auction.

It's not only affacted your credit report, it also involve even huge amount of fee compare to selling it into market.

If you sell below market 10%, your may only lose 10% + 3% agent fee + some break contract fee (loan agreement)

But if your unit sold by auction, your not only lose the percentage (each round 10% below) + Auctioneer fee + legal fee involve + higher interest rate involve and etc etc.

Unit sold at 285K last week.
Almost back to last month reserve price.
Good catch?

6 more active lelong units in the market now.
Generally 800sqft below 300K to attract interested buyer.
Bigger size unit below 400K to attract interested buyer.

I think they want low dense, atas, and in nice location with "affordable" price they wish, of coz they wont come out haha

Ha ha ha - why on earth did regulators approve such dense development.

Good luck to owners when the buildings are about 10 years old

Yeah, actually i don't mind renting a unit here if given the choices, definitely can get a good bargain. Amenities wise, not the best, but still workable actually.

Yeahh,  nothing to complain ady, for this price point of able to get it as low as 200k++ with the proximity to the city centre, its a real bargain ady, of coz you need to compromise on the density. I wondering, is there any property(except low cost flats) with this proximity to the city can fetch this price? Hmm...

Biggest problem is going to be maintenance.

Actually sungai besi have any attraction point to drag tourists? But if investor think it's work, then please go for it to survive.

The exact is Blok C2. Level 21.