Folks,

I am a Kepong boy and in year 2003 I wanted to buy DPC but the price was 480k for 20x70 and I can't afford. Now in year 2007, I can afford 480k but DPC terrace went to 620k with same 20x70 which is sell by agents and they are getting 3% - 4% in which I can't afford now.

So I decided to look for alternative place within Kepong and same time there was launch of Laman Rimbunan gated/guarded community with 3 storey (22x75) cost at 500k.

It comes with plaster ceilling for all floors, fully built using clay brick, wall finishes upto ceilling for kitchen and for all bathrooms. It has 6 rooms and 5 bathrooms. No fencing as all built with bricks front and back. View is Kepong KL Metropolitan Park Lake.

To tell the truth, I am happy to purchase a unit in Kepong cause Kepong has all below facilities

govt offices (jpn, epf, pos, tnb, jpj,)
banks (ocbc, hsbc, stanchart, rhb, maybank, alliance)
hypermarket (careffour, jusco)
shops
restaurants (number of food court)
school (3 chinese schools and govt schools)

Both me and my wife late twenties and our income is close 10k. We put our leg in now and thinking optimistic cause landed price property in Kepong will never go down and 10 years down the road loan amount remain same but income may increase. The house we bought is for good.

Regards
dr_luv

Hi Dreamer,

To answer your question and to be exact, in 2 years time we will be paying 2.5k monthly. We manage to get a very good deal from the bank after several nego discussion. And banks will harp on you to provide the best deals. And the place we bought is the most probably last piece of landed property in Kepong.

Next development may take place in Jinjang by removing the squatters.

We are jus taking the risk by getting a bigger home with heavy loan. If in 2 years we face any financial hiccup than we may sell the unit and opt for condo/apartment.

Regards
dr luv

Pai, thank you very much for sticking up for me and debating behalf of me and all your good wishes. Greatly appreciated.

Yew, I am not sure your commitment level since your and your gf earning more than 10k and thinking twice for 450k property. Well for me we have only one proton which is fully paid. No other study loans as both of us were scholars from overseas uni.

Dreamer, thanks for your advise but I were to protect my finance keep in the bank and wait for recession for next 10 years and start renting than I will be declared as fool cause in 10 years the property price will increase to 1.2 mil for 20X70 house and with 20 years bank loan as my age will catchup and paying high monthly loan where else some one who dare to take risk bought now with half of the price will be laughing at me.

My parents bought a bungalow with more than 7000 sqft in Kepong at 50k price tag in 1965. Today it cost over 2 million and property agents still interested to purchase my parents house. But my parents decided not to sell cause if they did and with 2 million they may end up with a corner unit in DPC or semi d in sunway spk with less than 4000 sqft.

My dad bought with 15 years loan paying rm400 when his was earning rm800. The moral of story, I am just taking a risk like all other 14.7 million home owners and will some how rather will find a way to pay the loan if there is a economic slump just like all other 14.7 millon home owners.

Wish me best.

regards
dr luv

Visited Amelia, latest launch of Desa Park City starting price at 78Xk for 24XX sqft. 50% sold out. Can't believe people do have money to spend and people are rich. Wonder wat they be will doing to transac such amount of money and buy properties. Most of the visitors age group between 37-45.

I just don't belong in that community.

DPC is under Kepong cause my boss bought in DPC and thier home address comes under Kepong address.

He was ok cause he bought SouthLake at rm480 in year 2003 end. A lot of house for sale in Sunway SPK by agents. Infact Southlake also has 40% house for sale at 650k.

Laman Rimbunan is the cheapest the landed property and also sold out with 10% reserve unit. Now available in Kepong is condo's by Metro Prima.

Sunway SPK new launch is Villa Manja Semi D going for 1.8 mil.

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Added on September 24, 2007, 5:08 pmOh ya, dreamer thanks for the advice. Will keep in mind on 33%.

This post has been edited by dr_luv: Sep 24 2007, 05:08 PM

Boon, thank you very much.

There is no way for me to join the investment team and this house we purchase for real stay in 20 years. We know its expensive as 500k is alot of money. We used our EPF for downpayment and some savings.

To purchase a unit 15 min distance to and toll free route to KL, we have to pay the price.

At least its far better than SPK and DPC costing at 650k-780k for 2 storey.

But there is one think we like DPC is thier town planning is very good, full of landscape and garden and secured environment.

I guess only the rich can afford. A visit at DPC Gallery make you think you are just an ordinary person from the rest.

tinkerbel,

What is the difference between "gated community" and "guarded community" ?

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Added on September 24, 2007, 6:14 pmlwb, most of them in DPC condo's and strata title are paying RM 350-450 monthly for maintenance expect for individual title.

This post has been edited by dr_luv: Sep 24 2007, 06:14 PM

Folks,

The property we bought say this in the advt. "Guarded Community with Perimeter Fencing"

Does this mean its gated community ?

Angel,

To make your life simple, I would do simple calculation. Than you decide to choose option A, option B or option C.

Option A (Rent a apartment)

Just say you are renting a middle cost apartment which cost 145k (decent area) at RM 800 for 15 years.

RM 800 X 12 months = RM 9600
RM 9600 X 15 years = RM 144,000. (the cost may increase if the rent incease in 15 years).

Conclusion, you pay RM 144k to stay and help the owner to pay his/her home loan.

Option B (Rent a room)

Just say you are renting a room in a middle cost apartment which cost at 145k at RM 350 for 15 years.

RM 350 X 12months = RM4200
RM 4200 X 15 years = Rm 63,000 (the cost may increase if the rent incease in 15 years).

Conclusion, you pay RM 63k to stay and help the owner to pay his/her home loan partially.

Option C (Buy a Apartment/Condo)

Just say you bought a apartment/condo which cost 150k (nice view/good location).

1) Home Loan Monthly for 15 years = RM 1,200

Conclusion, Stay for 15 years and own a unit. Rent it out when u are back to US and when u are back again stay back.

2) Home Loan Monthly for 30 years = RM 861.

Conclusion, You pay RM 861 for 15 years and I am sure you can afford to pay the balance 15 years once both of secured a job in US.

Choice is always yours and pick one which is suit for you and your bf.

Regards
dr luv

This post has been edited by dr_luv: Sep 27 2007, 01:17 AM

i love this forum

why ?

everyone here gives feedback genuine based on thier experts and right or wrong, I will take it as critics.

Good forum. It goes to everyone.

take it easy bro's. Its Friday night.

This post has been edited by dr_luv: Sep 29 2007, 12:57 AM

Lets keep the forum to its objective. Do not relate family siblings into our conversation.

Hi Folks,

What do you think about Kepong ? Coming up location ?

lwb/vreis

Thanks for sharing the fact about Kepong. I am going for own stay.

What do you think of Laman Rimbunan gated/guarded community with 3 storey (22x75) cost at 500k being develop in Kepong Central.

It comes with plaster ceilling for all floors, fully built using clay brick, wall finishes upto ceilling for kitchen and for all bathrooms. It has 6 rooms and 5 bathrooms. No fencing as all built with bricks front and back. View is Kepong KL Metropolitan Park Lake.

Kepong has all below facilities

govt offices (jpn, epf, pos, tnb, jpj,)
banks (ocbc, hsbc, stanchart, rhb, maybank, alliance)
hypermarket (careffour, jusco)
shops
restaurants (number of food court)
school (3 chinese schools and govt schools)

Well, its 3,033 sqft.

500k is quite expensive, Me alone, there is no way. I am sharing with my wife. Well the house comes with ready to move in concept. No renovation expect grill and wiring. I mean front and back its all brick wall replacing the fence and everything this big. We decided not to spend more 30-50k for renovation, just a minor stuffs.

Why I like Kepong and houses in Kepong is expensive and looks like will be the last parcel of Kepong for new development after DPC/Sunway which is for high end units.

Feeling safe, not yet check.

With a proton (fully paid) on my hand, can pay the house loan. Forget the dream on Civic and Lancer.

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Added on October 3, 2007, 10:39 amThere is a lot of shop houses being built. Any yet it sold out like hot cake. Not sure what they selling but Kepong businessman will buy.

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Added on October 3, 2007, 10:43 amBro, I agree with you. Born and grew in Kepong for 30 years and my wife from other state like Kepong like very much.

I do agree traffic congestion which started with Jusco development and now with Careffour. One thing for sure this not a ghost town cause every food court open for 24 hours and everything is lively esp chinese festivals.

This post has been edited by dr_luv: Oct 3 2007, 10:43 AM

Its quite huge. Now I am thinking why do I need such a big place and 5 + 1 room ? when its only and my newly wed wife going to move in.

master room = sleep
bedroom 1 = child 1
bedroom 2 = child 2
bedroom 3 = ?
bedroom 4 = ?
maid room = no maid yet ?

Its going to empty with echo sound each time we converse. Any idea what can I do with the rooms.

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Added on October 3, 2007, 6:34 pmNew house or 2nd house ? landed property or condo ? A bit more info can filter our answers.


This post has been edited by dr_luv: Oct 3 2007, 06:34 PM

Dreamer, you are right on cleaning going to be hell. I was thinking more on weekend maid. Call her once/twice her month to clean the bathrooms.

Arrg ...now I am renting a apartment and the maintenance is so bad thats why I was very eager to get a landed property.

Thanks Vreis,

bedroom 3 and bedroom 4 can be convert as tv room or gym room or guest/mom. When I am 60, i will move to condo with 2 bedroom when the kids fly away.

vreis/yew,

well you have point too, but walking 3 storey up and down when you are 60 ? possible ?

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Added on October 4, 2007, 6:05 pmI have to agree this with you. The only time i know my neighbour when we open the door every morning same time coming out to take lift.

Other than not much interaction.

This post has been edited by dr_luv: Oct 4 2007, 06:05 PM

I surprise to see we have quite a elite development (semi d) in Kepong.

Villa Manja by SPK
Bayu Seri Bintang by IJM