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 dont buy Pacific place,you will regret, dont buy Pacific place,you will regret

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TSKelly 222
post Jul 23 2016, 10:21 AM, updated 10y ago

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Pacific place ara Damasara ,Don't buy .

This is block F problem . mad.gif

1) electric got problem ,when use water heater ,the TV will suddenly ( turn OFF ),when turn on other button also got the same problem . bangwall.gif
sometime turn off the button can see the blue color fire .so dangerous !!!!!

2) the car parking exit really a big problem ,have to turn a big round ,leakage problem , car wire stolen .

3) the car parking very smelly and dirty . puke.gif

4) everyday early morning 8:30am renovation ,so noisy . vmad.gif

5)the lobby no fan ,no air conditioner ,always pass by lobby go to evolve mall also can feel the security body odor taste ,SO Smelly !!!!!!!!

6) the trash can so smelly & dirty . puke.gif OMG !!!!!!!!!! bangwall.gif
Babizz
post Jul 23 2016, 10:28 AM

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i think many comments abt this plae u havent highlight. wht abt the extremely close blocks to each other n bad access road? have they fixed d road
milansq
post Jul 23 2016, 10:37 AM

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Heard this place quite alot of student african..
pleasently
post Jul 23 2016, 10:41 AM

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Any issue with roach infestation?
TSKelly 222
post Jul 23 2016, 10:49 AM

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QUOTE(milansq @ Jul 22 2016, 03:37 PM)
Heard this place quite alot of student african..
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Yes ,so many African .
TSKelly 222
post Jul 23 2016, 10:51 AM

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QUOTE(Babizz @ Jul 22 2016, 03:28 PM)
i think many comments abt this plae u havent highlight. wht abt the extremely close blocks to each other n bad access road? have they fixed d road
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Car parking exit always change ,when exit need to turn here and there ,haven't fixed yet .
BEANCOUNTER
post Jul 23 2016, 11:55 AM

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QUOTE(Kelly 222 @ Jul 23 2016, 10:21 AM)
Pacific place ara Damasara ,Don't buy .

This is block F problem . mad.gif

1) electric got problem ,when use water heater ,the TV will suddenly ( turn OFF ),when turn on other button also got the same problem . bangwall.gif
sometime turn off the button can see the  blue color fire .so dangerous !!!!!

2) the car parking exit really a big problem ,have to turn a big round ,leakage problem , car wire stolen .

3) the car parking very smelly and dirty . puke.gif

4) everyday early morning 8:30am renovation ,so noisy . vmad.gif

5)the lobby no fan ,no air conditioner ,always pass by lobby go to evolve mall also can feel the security body odor taste ,SO Smelly !!!!!!!!

6) the trash can so smelly & dirty . puke.gif  OMG !!!!!!!!!! bangwall.gif
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I feel for you Kelly.

What is "car wire stolen'?

I kinda feel for the security officers there...imagine if you were to work in a confined place with no fan and no Aircond, I dun think you will emit flowery frangrance too..... blush.gif
icemanfx
post Jul 23 2016, 12:07 PM

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QUOTE(milansq @ Jul 23 2016, 10:37 AM)
Heard this place quite alot of student african..
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QUOTE(Kelly 222 @ Jul 23 2016, 10:49 AM)
Yes ,so many African .
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Rental yield must be excellent and loan repayment could be self sustaining.

MonGJiHyo
post Jul 23 2016, 12:15 PM

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QUOTE(BEANCOUNTER @ Jul 23 2016, 11:55 AM)
I feel for you Kelly.

What is "car wire stolen'?

I kinda feel for the security officers there...imagine if you were to work in a confined place with no fan and no Aircond, I dun think you will emit flowery frangrance too..... blush.gif
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or imagine if you are inside in a cramped train(no air-cond) surrounded by banglass.. puke.gif

This post has been edited by MonGJiHyo: Jul 23 2016, 12:16 PM
BigMan123
post Jul 23 2016, 12:20 PM

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Where is this located exactly? New one?
cedyy
post Jul 23 2016, 12:26 PM

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QUOTE(BigMan123 @ Jul 23 2016, 12:20 PM)
Where is this located exactly? New one?
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not too far from Citta mall but it's further in from the main road. been there once. access to evolve mall is terrible. one access and through the residence. poor planning
thunderbird
post Jul 23 2016, 12:27 PM

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the developer is island circle?

Same developer like PJ Sec 13 Pacific Star?
cedyy
post Jul 23 2016, 12:28 PM

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QUOTE(Babizz @ Jul 23 2016, 10:28 AM)
i think many comments abt this plae u havent highlight. wht abt the extremely close blocks to each other n bad access road? have they fixed d road
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pacific place reminds me of HDB estate in Singapore
cedyy
post Jul 23 2016, 12:30 PM

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you should get electrician to look into the electricity problem in your unit asap. sounds dangerous
twincharger07
post Jul 23 2016, 12:49 PM

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Overpriced place
cedyy
post Jul 23 2016, 12:52 PM

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QUOTE(twincharger07 @ Jul 23 2016, 12:49 PM)
Overpriced place
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it was reasonably priced when it was launched. i almost bought this place then
forever1979
post Jul 23 2016, 04:59 PM

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nearby got any college ?

if i remember correctly, this condo is closest to LRT.
nexona88
post Jul 23 2016, 06:42 PM

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heard so many bad reviews about this place..

have a lot of PH too doh.gif

security will be major issue especially for single ladies
xproc
post Jul 23 2016, 07:06 PM

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the site previously is rubbish landfill, no proper survey ka?
wil-i-am
post Jul 23 2016, 08:40 PM

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A list of problems doh.gif
KimiLau
post Jul 23 2016, 08:45 PM

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not mentioning the bad access road as well ...
TSKelly 222
post Jul 23 2016, 09:55 PM

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QUOTE(BEANCOUNTER @ Jul 22 2016, 04:55 PM)
I feel for you Kelly.

What is "car wire stolen'?

I kinda feel for the security officers there...imagine if you were to work in a confined place with no fan and no Aircond, I dun think you will emit flowery frangrance too..... blush.gif
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My car radio wire Kena stolen .
Yaya ....I can feel the security feeling ,I know there very hot ,actually lobby got air cond ,but no turn on ,even fan also don't want give them ,so pity .
TSKelly 222
post Jul 23 2016, 09:56 PM

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QUOTE(imperiumbrothers @ Jul 23 2016, 02:43 AM)
I hv this super bad experience before on one full train of smelly Bangla... Omg so awful
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Lol...I can understand your feeling .
Just feeling the security very ( Cham ).
TSKelly 222
post Jul 23 2016, 10:05 PM

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QUOTE(Babizz @ Jul 22 2016, 03:28 PM)
i think many comments abt this plae u havent highlight. wht abt the extremely close blocks to each other n bad access road? have they fixed d road
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(I mean inside the car parking )Last month still useing like normal ,but dunno why suddenly block the road ,so have to turn a very round to another place to exit parking ,pass by will see the walls watertight .
So dirty .

So after exit the main road ,the road has been change .
Must drive carefully and drive slowly .
MonGJiHyo
post Jul 23 2016, 10:05 PM

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QUOTE(imperiumbrothers @ Jul 23 2016, 09:43 PM)
I hv this super bad experience before on one full train of smelly Bangla... Omg so awful
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yeah.. especially cramped monorail or ktm komuter.. puke.gif bangwall.gif

anyway, pacific place is a ex-landfill area..of which that is where the smell come from..
TSKelly 222
post Jul 23 2016, 10:08 PM

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QUOTE(imperiumbrothers @ Jul 23 2016, 02:43 AM)
I hv this super bad experience before on one full train of smelly Bangla... Omg so awful
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so evertime I would go through quickly . Really HOT ....
TSKelly 222
post Jul 23 2016, 10:12 PM

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QUOTE(MonGJiHyo @ Jul 22 2016, 05:15 PM)
or imagine if you are inside in a cramped train(no air-cond) surrounded by banglass..  puke.gif
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OMG !!!! Really be Tahan ....Malaysia weather really hot ,how to Tahan ? My poor security.
cedyy
post Jul 23 2016, 10:12 PM

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QUOTE(forever1979 @ Jul 23 2016, 04:59 PM)
nearby got any college ?

if i remember correctly, this condo is closest to LRT.
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the condo that's nearest to LRT station there is Eve Suites..just beside the Ara Damansara station. in fact, i think it's linked to the lrt station. the thing i don't like about eve suites is it's right next to NKVE.
TSKelly 222
post Jul 23 2016, 10:22 PM

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QUOTE(KimiLau @ Jul 23 2016, 01:45 AM)
not mentioning the bad access road as well ...
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Car parking 的出口设计很有问题,最近常在改路,出入很不方便,要转很大的圈,每经过大圈都会看到墙壁在漏水很disgusting,出到大马路又在改路,很危险,有一天我还看到有位老伯伯不小心撞到新建好的dividers .So dangerous
PeriPeri2014
post Jul 23 2016, 10:31 PM

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OMG....
TSKelly 222
post Jul 23 2016, 10:55 PM

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QUOTE(cedyy @ Jul 23 2016, 03:15 AM)
suggest management to provide the guards with anti-perspirant deodorant  biggrin.gif
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Lol .... I think just turn on the air conditioning more Easier .
nexona88
post Jul 23 2016, 11:08 PM

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the location is very bad esp the access road.

This post has been edited by nexona88: Jul 23 2016, 11:21 PM
Unseen83
post Jul 24 2016, 01:52 AM

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got pic...?? of bad issues..

and current value of apt/condo ?

Are you interested in selling ?

Security got smell ? eh buy them perfume, what i did smile.gif

African flooding area.. try complaint to Immigration malaysia... sure at least Half if illegal.. so may cut their population half.
netcrawler
post Jul 24 2016, 08:36 AM

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QUOTE(cedyy @ Jul 23 2016, 10:12 PM)
the condo that's nearest to LRT station there is Eve Suites..just beside the Ara Damansara  station. in fact, i think it's linked to the lrt station. the thing i don't like about eve suites is it's right next to NKVE.
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EVE suites is connected to Lembah Subang LRT not Ara Damansara.
legioss
post Jul 24 2016, 10:06 AM

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QUOTE(imperiumbrothers @ Jul 23 2016, 09:43 PM)
I hv this super bad experience before on one full train of smelly Bangla... Omg so awful
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that's why we should not expect some high paying expat who can afford that high rental of a mrt integrated property to take trains
katijar
post Jul 24 2016, 10:06 AM

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a lot ppl buy for "investment" because it is close to lrt ... and investment = rent to ph lor..
oxm8
post Jul 24 2016, 11:22 AM

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QUOTE(katijar @ Jul 24 2016, 10:06 AM)
a lot ppl buy for "investment" because it is close to lrt ... and  investment = rent to ph lor..
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Agree with u... as long as $$$. They wont care other issue... pity for those own-stay....

Sames goes to other condos as well
puchongite
post Jul 24 2016, 12:29 PM

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But take LRT very convenient wor.
nexona88
post Jul 24 2016, 12:29 PM

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QUOTE(katijar @ Jul 24 2016, 10:06 AM)
a lot ppl buy for "investment" because it is close to lrt ... and  investment = rent to ph lor..
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these owners really spoiling the place by renting to PH bruce.gif mad.gif
wil-i-am
post Jul 24 2016, 01:09 PM

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Sad to say tat ony PH can afford to pay gud rent during tis time
nexona88
post Jul 24 2016, 01:16 PM

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after PH leave your units. damage will be bad..

more cost to repair it doh.gif
TSKelly 222
post Jul 25 2016, 04:55 PM

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你现在看到的不是什么恐怖电影的拍摄,这是 "pacific place ara Damasara " Block E 的 Car Parking .

希望这些问题可以改善。 doh.gif doh.gif .Attached Image Attached Image Attached Image Attached Image Attached Image

This post has been edited by Kelly 222: Jul 25 2016, 05:04 PM
TSKelly 222
post Jul 25 2016, 05:09 PM

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你现在看到的不是什么恐怖鬼电影场地,这是pacific place ara damansara 的 "block E "car Parking .
希望这些问题可以改善。
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nexona88
post Jul 25 2016, 06:10 PM

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QUOTE(Kelly 222 @ Jul 25 2016, 04:55 PM)
你现在看到的不是什么恐怖电影的拍摄,这是 "pacific place ara Damasara " Block E 的  Car Parking .

希望这些问题可以改善。 doh.gif  doh.gif .Attached Image Attached Image Attached Image Attached Image Attached Image
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QUOTE(Kelly 222 @ Jul 25 2016, 05:09 PM)
你现在看到的不是什么恐怖鬼电影场地,这是pacific place ara damansara 的 "block E "car Parking .
希望这些问题可以改善。
Attached Image Attached Image
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OMG so bad condition doh.gif mega_shok.gif puke.gif
chewlee
post Jul 25 2016, 06:45 PM

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QUOTE(Kelly 222 @ Jul 25 2016, 05:09 PM)
你现在看到的不是什么恐怖鬼电影场地,这是pacific place ara damansara 的 "block E "car Parking .
希望这些问题可以改善。
Attached Image Attached Image
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How old is this rundown building? Time to utilise the sinking fund to repaint the building
wodenus
post Jul 25 2016, 06:55 PM

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QUOTE(legioss @ Jul 24 2016, 10:06 AM)
that's why we should not expect some high paying expat who can afford that high rental of a mrt integrated property to take trains
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Why not? they take trains in New York.
thunderbird
post Jul 25 2016, 07:40 PM

SO what?
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QUOTE(wodenus @ Jul 25 2016, 06:55 PM)
Why not? they take trains in New York.
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you comparing NY with KL? whistling.gif
Kenleo
post Jul 25 2016, 07:41 PM

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QUOTE(wodenus @ Jul 25 2016, 06:55 PM)
Why not? they take trains in New York.
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Any comment if compared to empire damansara perdana studio and Soho . Please advise thanks. Or just "abang adik"
wodenus
post Jul 25 2016, 07:45 PM

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QUOTE(thunderbird @ Jul 25 2016, 07:40 PM)
you comparing NY with KL?  whistling.gif
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The difference between NY and KL is that the trains and stations are newer and cleaner smile.gif
thunderbird
post Jul 25 2016, 07:47 PM

SO what?
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QUOTE(wodenus @ Jul 25 2016, 07:45 PM)
The difference between NY and KL is that the trains and stations are newer and cleaner smile.gif
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Which one is newer and cleaner? KL or NY?

no need to factor in weather conditions?



wodenus
post Jul 25 2016, 07:50 PM

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QUOTE(thunderbird @ Jul 25 2016, 07:47 PM)
Which one is newer and cleaner? KL or NY?

no need to factor in weather conditions?
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Oh right.. NY has crappy weather too biggrin.gif
nexona88
post Jul 25 2016, 08:37 PM

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Long way to go for high paying people to take public transportation in KL...
Only first world countries doing it..
MonGJiHyo
post Jul 25 2016, 08:51 PM

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QUOTE(Kelly 222 @ Jul 25 2016, 05:09 PM)
你现在看到的不是什么恐怖鬼电影场地,这是pacific place ara damansara 的 "block E "car Parking .
希望这些问题可以改善。
Attached Image Attached Image
*
OMG.. really scary mega_shok.gif doh.gif
TSKelly 222
post Jul 26 2016, 12:01 AM

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Any idea ?can complain to who ?
How to soft this problem ?
TSKelly 222
post Jul 26 2016, 12:11 AM

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QUOTE(MonGJiHyo @ Jul 25 2016, 01:51 AM)
OMG.. really scary mega_shok.gif  doh.gif
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Ya...scary movie 😖
TSKelly 222
post Jul 26 2016, 12:13 AM

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QUOTE(thunderbird @ Jul 25 2016, 12:40 AM)
you comparing NY with KL?  whistling.gif
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Kl with NY totally different .
Cannot compare .
Jagalat
post Jul 26 2016, 12:24 AM

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Only Block E car park having these problems(leakage and wall paint fall off)?
Other blocks(say ABCDGH) no problem?
Kilohertz
post Jul 26 2016, 08:55 AM

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So bad workmanship... Did the owners there compiled a list of complaints to developers?
Babizz
post Jul 26 2016, 09:31 AM

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QUOTE(thunderbird @ Jul 25 2016, 05:47 AM)
Which one is newer and cleaner? KL or NY?

no need to factor in weather conditions?
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of cos lah KL cleaner. Our trains r better in EVERY way except connectability and number of lines. U can go ANYwhere in a NY subway but d stations n train itself is DIRTY with pee all over d place.

In the western world, near lrt station means for lower middle income n some middle income.


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gks
post Jul 26 2016, 09:54 AM

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QUOTE(Kelly 222 @ Jul 26 2016, 12:01 AM)
Any idea ?can complain to who ?
How to soft this problem ?
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This is common area and I believe this development still within defect period liability

Complain to MA and JMC and get the developer to fix this.
icemanfx
post Jul 26 2016, 10:22 AM

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QUOTE(gks @ Jul 26 2016, 09:54 AM)
This is common area and I believe this development still within defect period liability

Complain to MA and JMC and get the developer to fix this.
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Believe MA and JMC are not blind or don't know how to complain to the developer.

This post has been edited by icemanfx: Jul 26 2016, 10:23 AM
gks
post Jul 26 2016, 10:32 AM

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QUOTE(icemanfx @ Jul 26 2016, 10:22 AM)
Believe MA and JMC are not blind or don't know how to complain to the developer.
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Most of the times... They are pretty aware with defects. Typically they compile all defects and complains and engage with developer to solve the issue amicably. The owners just need to check and file their complaints for recording and follow up with issue. I believe JMC MOM need to be posted up for all residents/ owners information.


wkkor
post Jul 26 2016, 11:26 AM

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How you sell it away when you open thread here telling the urgly truth? Haha....
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post Jul 26 2016, 11:46 AM

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QUOTE(wkkor @ Jul 26 2016, 11:26 AM)
How you sell it away when you open thread here telling the urgly truth? Haha....
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well... it might be harder a bit.... but somehow... those who read LYN before buying a property... i think less than 10% of the population only... still have chance.... mega_shok.gif mega_shok.gif
nexona88
post Jul 26 2016, 12:08 PM

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QUOTE(wkkor @ Jul 26 2016, 11:26 AM)
How you sell it away when you open thread here telling the urgly truth? Haha....
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Well there's a lot of water fish out there...

And how many actually follows Lyn forum..
juicyliana
post Jul 26 2016, 01:00 PM

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QUOTE(milansq @ Jul 23 2016, 10:37 AM)
Heard this place quite alot of student african..
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african infested means gone case for the property.
ming^_^
post Jul 26 2016, 01:11 PM

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Back in year 2010, this condo was quite hot selling.
mthc
post Jul 26 2016, 01:17 PM

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QUOTE(wkkor @ Jul 26 2016, 11:26 AM)
How you sell it away when you open thread here telling the urgly truth? Haha....
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HAHAHAHHAHAHAHAHAHAHHAHAAHAA
gks
post Jul 26 2016, 01:34 PM

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QUOTE(ming^_^ @ Jul 26 2016, 01:11 PM)
Back in year 2010, this condo was quite hot selling.
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Even now subsale is also hot and fairly easy to transacted. interested party can just search in Brickz

Pacific Place represent one of the value cost entry for MRT/ Mall linked property in prime damansara address with fairly liquidity in rental and subsale.

IMO... the value is better than some sih beh far location like Pahsang where developers are trying to sell at inflated price with unproven commercial and future LRT3.


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post Jul 26 2016, 01:40 PM

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QUOTE(gks @ Jul 26 2016, 01:34 PM)
Even now subsale is also hot and fairly easy to transacted. interested party can just search in Brickz

Pacific Place represent one of the value cost entry for MRT/ Mall linked property in prime damansara address with fairly liquidity in rental and subsale.

IMO... the value is better than some sih beh far location like Pahsang where developers are trying to sell at inflated price with unproven commercial and future LRT3.
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Duno why got 2 opis lots here snp price 850k each but tier 1 valuer like henry butcher, jlw etc are only willing to value them at 670k tops each.

Not only that.. rental and appreciation here memang koyak like no tmr. Guess you are the only sober one here while all the rest of us are too drunk to see how failed this shit hole is.

Lol. Cheers.
gks
post Jul 26 2016, 01:46 PM

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QUOTE(mthc @ Jul 26 2016, 01:40 PM)
Duno why got 2 opis lots here snp price 850k each but tier 1 valuer like henry butcher, jlw etc are only willing to value them at 670k tops each.

Not only that.. rental and appreciation here memang koyak like no tmr. Guess you are the only sober one here while all the rest of us are too drunk to see how failed this shit hole is.

Lol. Cheers.
*
We are taking about office or residential?

For residential, i do not think any of the first hand buyers complain about cap appreciation and rental demand so far. Agents is practically begging owners to let go for rental/ subsale especially for unobstructed view units.

This post has been edited by gks: Jul 26 2016, 01:49 PM
TSKelly 222
post Jul 27 2016, 07:05 PM

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QUOTE(Jagalat @ Jul 25 2016, 05:24 AM)
Only Block E car park having these problems(leakage and wall paint fall off)?
Other blocks(say ABCDGH) no problem?
*
Other block I dunno .

keneeth111
post Jul 27 2016, 10:29 PM

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QUOTE(gks @ Jul 26 2016, 01:46 PM)
We are taking about office or residential?

For residential, i do not think any of the first hand buyers complain about cap appreciation and rental demand so far. Agents is practically begging owners to let go for rental/ subsale especially for unobstructed view units.
*
gks boss, you're so familiarise with this PP....Wonder if you're one of the owners as well?

having said that, the management/JMC tak boleh pakai.....plenty of rooms of improvement required....

notworthy.gif bruce.gif
ming^_^
post Jul 28 2016, 12:16 PM

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QUOTE(keneeth111 @ Jul 27 2016, 10:29 PM)
gks boss, you're so familiarise with this PP....Wonder if you're one of the owners as well?

having said that, the management/JMC tak boleh pakai.....plenty of rooms of improvement required....

notworthy.gif  bruce.gif
*
Fairly speaking, all the early bird enjoy capital appreciation and probably good rental yield due to low entry. This is from business perspective.

However, if looking at own stay perspective. Definitely it is headache due to several issues.
ahkit123
post Jul 28 2016, 01:05 PM

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my friend rent an apartment at this place 1.6k for 2r2b. quite convenient as it's connected to evolve mall and lrt extention.

went there a few times, the parking is still free and i think the maintainance not that good yet... probably a lot of shoplot at groundfloor no tenant yet...

the subsale price also quite inflated and not cheap already

This post has been edited by ahkit123: Jul 28 2016, 01:07 PM
ahkit123
post Jul 28 2016, 01:16 PM

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QUOTE(Kelly 222 @ Jul 23 2016, 11:21 AM)
Pacific place ara Damasara ,Don't buy .

This is block F problem . mad.gif

1) electric got problem ,when use water heater ,the TV will suddenly ( turn OFF ),when turn on other button also got the same problem . bangwall.gif
sometime turn off the button can see the  blue color fire .so dangerous !!!!!

2) the car parking exit really a big problem ,have to turn a big round ,leakage problem , car wire stolen .

3) the car parking very smelly and dirty . puke.gif

4) everyday early morning 8:30am renovation ,so noisy . vmad.gif

5)the lobby no fan ,no air conditioner ,always pass by lobby go to evolve mall also can feel the security body odor taste ,SO Smelly !!!!!!!!

6) the trash can so smelly & dirty . puke.gif  OMG !!!!!!!!!! bangwall.gif
*
i think the list of problem are not very major and shouldnt be too difficult to be resolve by jmb + developer
imprezaWRX
post Jul 28 2016, 01:32 PM

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ahahah spot on!
I'm one of the PP owners, and I must say it is probably one of the best investment to date, and how I wish I had bought more!

LTV90% with 10k deposit, which was refunded when loan was subsequently drawndown - i.e. zero cost entry.
Appreciate of more than 40% since VP ?
My unit is currently tenanted to a local at RM1500pm, no problem with the tenant who pays promptly every month.

Dropped by Evolve Mall few weeks ago - yes parking is a pain, dark - don't look too safe, and looks dirty. But heck, it is free ?
10 mins walking to LRT, H&M & Jaya Grocer (now a newly opened Chinese restaurant in Evolve as well).
5 mins to hit NKVE

Come on guys, be fair - find me another "affordable" property with this type of 'amenities' and accessibility ?


Btw, I'm not selling my unit rclxm9.gif


QUOTE(ming^_^ @ Jul 28 2016, 12:16 PM)
Fairly speaking, all the early bird enjoy capital appreciation and probably good rental yield due to low entry. This is from business perspective.

However, if looking at own stay perspective. Definitely it is headache due to several issues.
*
thunderbird
post Jul 28 2016, 01:33 PM

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QUOTE(wkkor @ Jul 26 2016, 11:26 AM)
How you sell it away when you open thread here telling the urgly truth? Haha....
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please lar.... this world is not running on LYN forum
gks
post Jul 28 2016, 01:39 PM

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QUOTE(ming^_^ @ Jul 28 2016, 12:16 PM)
Fairly speaking, all the early bird enjoy capital appreciation and probably good rental yield due to low entry. This is from business perspective.

However, if looking at own stay perspective. Definitely it is headache due to several issues.
*
http://www.brickz.my/transactions/resident...ace/non-landed/

There are 48 transactions in past one year for Pacific Place. Pacific place offers value as no-frill integrated LRT+mall+accesibility+ara damansara address.

Some willing to spend RM900psf for iconic façade but leasehold with promised future LRT station. Or with same PSF, much more inferior location like pahsang or shah alam. It is buyer's judgemental call.

I am looking forward for those future development that eiher high psf or located in pahsang/shah alam how they will fare in subsale/ rental demand. Or these rich owners prefer to leave it empty for their kids.


mthc
post Jul 28 2016, 02:38 PM

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QUOTE(gks @ Jul 28 2016, 01:39 PM)
http://www.brickz.my/transactions/resident...ace/non-landed/

There are 48 transactions in past one year for Pacific Place. Pacific place offers value as no-frill integrated LRT+mall+accesibility+ara damansara address.

Some willing to spend RM900psf for iconic façade but leasehold with promised future LRT station.  Or with same PSF, much more inferior location like pahsang or shah alam. It is buyer's judgemental call.

I am looking forward for those future development that eiher high psf or located in pahsang/shah alam how they will fare in subsale/ rental demand. Or these rich owners prefer to leave it empty for their kids.
*
What's 900psf today. Lol.. Gen Y taking over the older gen?

Sad.

Aches even more when there are still argument about FH vs LH.. lol..

This post has been edited by mthc: Jul 28 2016, 02:41 PM
avinlim
post Jun 14 2019, 03:03 PM

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Rented there for a year due to working there.

1. Rental super expensive. RM1000 for a medium room.
2. Car park susah..need big turn.
3. Facilities no maintenance. You can see all sport equipment no repair.
4. Evolve mall is a dead end there. Shops open and closed.
5. Agents control the renting price. Hard to get cheaper direct from owner unit.
6. Good luck.
BeastB
post Jun 14 2019, 03:23 PM

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Looks unappealing from the outside already. Would not touch.
AskarPerang
post Apr 9 2023, 03:36 PM

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No wander price drop in lelong?
8th round reauction. Drop from 800K.

Now priced at 57% off bank valuation.
Still can drop further?


user posted image
Chanzeryl
post Apr 9 2023, 04:08 PM

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Really have to agree for the sake of truth
rumahwip
post Apr 10 2023, 07:35 AM

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QUOTE(Kelly 222 @ Jul 23 2016, 10:21 AM)
Pacific place ara Damasara ,Don't buy .

This is block F problem . mad.gif

1) electric got problem ,when use water heater ,the TV will suddenly ( turn OFF ),when turn on other button also got the same problem . bangwall.gif
sometime turn off the button can see the  blue color fire .so dangerous !!!!!

2) the car parking exit really a big problem ,have to turn a big round ,leakage problem , car wire stolen .

3) the car parking very smelly and dirty . puke.gif

4) everyday early morning 8:30am renovation ,so noisy . vmad.gif

5)the lobby no fan ,no air conditioner ,always pass by lobby go to evolve mall also can feel the security body odor taste ,SO Smelly !!!!!!!!

6) the trash can so smelly & dirty . puke.gif  OMG !!!!!!!!!! bangwall.gif
*
https://www.iproperty.com.my/building/pacif...lace-pty_64799/

this place?
rumahwip
post Apr 10 2023, 07:42 AM

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QUOTE(imprezaWRX @ Jul 28 2016, 01:32 PM)
ahahah spot on!
I'm one of the PP owners, and I must say it is probably one of the best investment to date, and how I wish I had bought more!

LTV90% with 10k deposit, which was refunded when loan was subsequently drawndown - i.e. zero cost entry.
Appreciate of more than 40%  since VP ?
My unit is currently tenanted to a local at RM1500pm, no problem with the tenant who pays promptly every month.

Dropped by Evolve Mall few weeks ago - yes parking is a pain, dark - don't look too safe, and looks dirty. But heck, it is free ?
10 mins walking to LRT, H&M & Jaya Grocer  (now a newly opened Chinese restaurant in Evolve as well).
5 mins to hit NKVE

Come on guys, be fair - find me another "affordable" property with this type of 'amenities' and accessibility ?
Btw, I'm not selling my unit  rclxm9.gif
*
brought new, then untung 99
icemanfx
post Apr 10 2023, 07:48 AM

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QUOTE(AskarPerang @ Apr 9 2023, 03:36 PM)
No wander price drop in lelong?
8th round reauction. Drop from 800K.

Now priced at 57% off bank valuation.
Still can drop further?
user posted image
*
PJU 1A/4(PACIFIK PLACE) 01/07/2022
RM390,000 (RM418/ft²) 933 ft² SERVICE RESIDENCE LEASEHOLD

https://www.brickz.my/transactions/resident...tre/non-landed/

This post has been edited by icemanfx: Apr 10 2023, 07:52 AM
Matchy
post Apr 10 2023, 08:53 AM

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QUOTE(AskarPerang @ Apr 9 2023, 03:36 PM)
No wander price drop in lelong?
8th round reauction. Drop from 800K.

Now priced at 57% off bank valuation.
Still can drop further?
user posted image
*
that place 800k? omg... i thought its around 500k~
Thasmita
post Apr 10 2023, 08:59 AM

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QUOTE(Matchy @ Apr 10 2023, 08:53 AM)
that place 800k? omg... i thought its around 500k~
*
Actually less than rm 500k

Closer to 400 or less actually
PAChamp
post Apr 10 2023, 09:53 AM

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QUOTE(rumahwip @ Apr 10 2023, 07:42 AM)
brought new, then untung 99
*

There was a time when whatever property you bought in PJ/Damansara, price sure increase. Because prices shot up during the boom times. I used to stay in ara damansara when pacific place was launched. I knew that Pacific Place was built on a former official dumpsite thus I crossed it off my list straight away. I guess it is convenient to be a tenant there due to LRT station nearby but otherwise I wouldn't touch the place.
rumahwip
post Apr 10 2023, 09:56 AM

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QUOTE(PAChamp @ Apr 10 2023, 09:53 AM)
There was a time when whatever property you bought in PJ/Damansara, price sure increase. Because prices shot up during the boom times. I used to stay in ara damansara when pacific place was launched. I knew that Pacific Place was built on a former official dumpsite thus I crossed it off my list straight away. I guess it is convenient to be a tenant there due to LRT station nearby but otherwise I wouldn't touch the place.
*
for investment
Thasmita
post Apr 10 2023, 06:06 PM

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QUOTE(PAChamp @ Apr 10 2023, 09:53 AM)
There was a time when whatever property you bought in PJ/Damansara, price sure increase. Because prices shot up during the boom times. I used to stay in ara damansara when pacific place was launched. I knew that Pacific Place was built on a former official dumpsite thus I crossed it off my list straight away. I guess it is convenient to be a tenant there due to LRT station nearby but otherwise I wouldn't touch the place.
*
Good insight
nihility
post Apr 10 2023, 06:12 PM

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This one buy already don't know whether can sell in the future. Which such conditions, I think their JMB/MC already will be in the screwed up condition.
soulred777
post Apr 10 2023, 06:23 PM

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QUOTE(PAChamp @ Apr 10 2023, 09:53 AM)
There was a time when whatever property you bought in PJ/Damansara, price sure increase. Because prices shot up during the boom times. I used to stay in ara damansara when pacific place was launched. I knew that Pacific Place was built on a former official dumpsite thus I crossed it off my list straight away. I guess it is convenient to be a tenant there due to LRT station nearby but otherwise I wouldn't touch the place.
*
Hi good evening. Can you please explain on the cons on building on dumpsite area? There is a condo in taman seri Manja pj claimed to be built on dumpsite. Still thinking to get it or not. Tqvm
PAChamp
post Apr 11 2023, 12:40 PM

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QUOTE(soulred777 @ Apr 10 2023, 06:23 PM)
Hi good evening. Can you please explain on the cons on building on dumpsite area? There is a condo in taman seri Manja pj claimed to be built on dumpsite. Still thinking to get it or not. Tqvm
*
I am not an expert but what i understand is that the ground needs to settle for 10 yrs after they closed the dumpsite but for this project, i understand that they did not wait 10 years so there may be ground movement which may result in cracks (hopefully nothing worse). Also being dumpsite, decomposing rubbish may lead to gasses trapped underground. Maybe got smell? Cannot grow plants? Contaminated underground water? Definitely need more research before putting money in it.
soulred777
post Apr 11 2023, 01:38 PM

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QUOTE(PAChamp @ Apr 11 2023, 12:40 PM)
I am not an expert but what i understand is that the ground needs to settle for 10 yrs after they closed the dumpsite but for this project, i understand that they did not wait 10 years so there may be ground movement which may result in cracks (hopefully nothing worse). Also being dumpsite, decomposing rubbish may lead to gasses trapped underground. Maybe got smell? Cannot grow plants? Contaminated underground water? Definitely need more research before putting money in it.
*
Thanks for your inputs. Really helps. Cheers.
icemanfx
post Apr 11 2023, 02:13 PM

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QUOTE(PAChamp @ Apr 11 2023, 12:40 PM)
I am not an expert but what i understand is that the ground needs to settle for 10 yrs after they closed the dumpsite but for this project, i understand that they did not wait 10 years so there may be ground movement which may result in cracks (hopefully nothing worse). Also being dumpsite, decomposing rubbish may lead to gasses trapped underground. Maybe got smell? Cannot grow plants? Contaminated underground water? Definitely need more research before putting money in it.
*
Means Google
premier239
post Apr 11 2023, 02:35 PM

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ara damansara commercial area really teruk

lepak, makan always need go ss2, seapark
DragonReine
post Apr 12 2023, 09:40 AM

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Have connections that lived there years already that I visit often, Ara Damansara LRT area still underdeveloped in commercial activity relative to density of residential projects.

Most commercial lots in Pacific Place, Pusat Perdagangan Dana empty without any good places to attract people, and the footpaths are poorly maintained. Oasis Rio commercial project has stalled at piling stage and is a big eyesore. Ara Sentral still "under construction". Roads are constantly jammed because of surrounding highways making it hard to travel around.

Ironic that Lembah Subang LRT which is one stop away has more commercial development round the area now.

This post has been edited by DragonReine: Apr 12 2023, 09:41 AM
Chanzeryl
post Apr 12 2023, 12:04 PM

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Buying former rubbish dumpsite as a home requires great courage and respect flex.gif If for investment, I pray for the tenants~

AskarPerang
post Apr 28 2023, 12:28 AM

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Now only know the reason why no value this place. Is coz of the developer.
You cannot buy sell right now. Subsale and even in the lelong market.
Very lousy developer.

Is still under master title. Developer fail to issue out strata title. But yet they refuse to do any name transfer at the moment. Ask to wait. Maybe 1 year. Maybe more.
So now it is impossible to have any transaction.

After developer issued strata title only can buy sell.
And you need to complete your MOT first. Double transfer process.

Good luck to current owner of this place.



icemanfx
post Apr 28 2023, 12:38 AM

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QUOTE(AskarPerang @ Apr 28 2023, 12:28 AM)
Is still under master title. Developer fail to issue out strata title. But yet they refuse to do any name transfer at the moment. Ask to wait. Maybe 1 year. Maybe more.
So now it is impossible to have any transaction.

After developer issued strata title only can buy sell.
And you need to complete your MOT first. Double transfer process.
*
Poorperly flippers are truly trapped.

butthead76
post Apr 28 2023, 07:58 AM

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QUOTE(AskarPerang @ Apr 28 2023, 12:28 AM)
Now only know the reason why no value this place. Is coz of the developer.
You cannot buy sell right now. Subsale and even in the lelong market.
Very lousy developer.

Is still under master title. Developer fail to issue out strata title. But yet they refuse to do any name transfer at the moment. Ask to wait. Maybe 1 year. Maybe more.
So now it is impossible to have any transaction.

After developer issued strata title only can buy sell.
And you need to complete your MOT first. Double transfer process.

Good luck to current owner of this place.

*
very weird....unless bankrupt then stucked with liquidation company. brows.gif
Aaron212
post Apr 28 2023, 08:34 AM

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QUOTE(AskarPerang @ Apr 27 2023, 08:28 PM)
Now only know the reason why no value this place. Is coz of the developer.
You cannot buy sell right now. Subsale and even in the lelong market.
Very lousy developer.

Is still under master title. Developer fail to issue out strata title. But yet they refuse to do any name transfer at the moment. Ask to wait. Maybe 1 year. Maybe more.
So now it is impossible to have any transaction.

After developer issued strata title only can buy sell.
And you need to complete your MOT first. Double transfer process.

Good luck to current owner of this place.

*
Such shitty dev?

If buying subcon or new prop later dev pattern n delay this die loh

How to avoid this
Thasmita
post Apr 28 2023, 09:21 AM

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Can the developer deny consent ? I’m actually puzzled.
DragonReine
post Apr 28 2023, 09:22 AM

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QUOTE(Aaron212 @ Apr 28 2023, 08:34 AM)
Such shitty dev?

If buying subcon or new prop later dev pattern n delay this die loh

How to avoid this
*
Look up Jaks Resources which is the parent company tongue.gif
Femsroot
post Apr 28 2023, 09:26 AM

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Ts buy or rent here?

If buy u shud raise to mgmt n agm. Not here. U only devaluing ur own property. If rent go rent else where la. Why rant
DragonReine
post Apr 28 2023, 09:31 AM

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QUOTE(Thasmita @ Apr 28 2023, 09:21 AM)
Can the developer deny consent ? I’m actually puzzled.
*
Unfortunately due to the timing of when this property was built, yes.

The Housing Development (Control and Licensing) (Amendment) Act 2012 and the Strata Titles (Amendment) Act 2013 that mandates that developers must apply for strata titles within 3 months of the completion of the superstructure, only came into force in 2015.

Properties whose APDL was issued before that year (like Pacific Place) is not subject to the amendments.

So Pacific Place owners if really want to get the strata must take developers to court or tribunal.
DragonReine
post Apr 28 2023, 09:33 AM

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QUOTE(Femsroot @ Apr 28 2023, 09:26 AM)
Ts buy or rent here?

If buy u shud raise to mgmt n agm. Not here. U only devaluing ur own property. If rent go rent else where la. Why rant
*
Late much? TS posted in 2016, completed around 2014.

Well known that this property already got problems dy, almost a decade passed since started VP.
wilson1149
post Apr 28 2023, 09:40 AM

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Wow, beside LRT and shopping mall downstair woh , not good meh?
DragonReine
post Apr 28 2023, 09:42 AM

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QUOTE(wilson1149 @ Apr 28 2023, 09:40 AM)
Wow, beside LRT and shopping mall downstair woh , not good meh?
*
The mall is a dead mall.

Been there for an event last year, most of the storefronts in the mall and commercial lots under the residential blocks are empty.

They don't even keep aircon on, got buckets on floors to catch leaks from ceiling/pipes 😅 pretty bad
Thasmita
post Apr 28 2023, 10:30 AM

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QUOTE(DragonReine @ Apr 28 2023, 09:31 AM)
Unfortunately due to the timing of when this property was built, yes.

The Housing Development (Control and Licensing) (Amendment) Act 2012 and the Strata Titles (Amendment) Act 2013 that mandates that developers must apply for strata titles within 3 months of the completion of the superstructure, only came into force in 2015.

Properties whose APDL was issued before that year (like Pacific Place) is not subject to the amendments.

So Pacific Place owners if really want to get the strata must take developers to court or tribunal.
*
Thanks for the update.

But prior to the strata being issued I’m sure proprietors should be allowed to deal in their property.

Presumably the instrument now would be a deed of assignment.

Why is the developer denying the purchaser his right to own the property?

Anyways I hope the financiers intervene.


thenazek
post Apr 28 2023, 11:31 AM

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Really cant sell? If not mistaken several years ago my friend sold his unit here
icemanfx
post Apr 28 2023, 11:44 AM

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QUOTE(thenazek @ Apr 28 2023, 11:31 AM)
Really cant sell? If not mistaken several years ago my friend sold his unit here
*
If bank couldn't obtain consent, retailer unlikely could.

Likely mean the developer has yet to fulfill land office requirements.
PAChamp
post Apr 28 2023, 11:53 AM

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QUOTE(thenazek @ Apr 28 2023, 11:31 AM)
Really cant sell? If not mistaken several years ago my friend sold his unit here
*
From experience, may be there are a few reasons (PURE SPECULATION ONLY):

1) strata title already issued, but there are errors and need to submit for rectification. Thus developer cannot transfer nor release titles to anyone yet;

2) strata title issued but bumi quota unmet, therefore any transaction need to pay the bumi discount to government, developer appealing thus unable to release title

3) strata title not out but developer may wind up, not bothered to attend to any consent/sub-sale

4) issue with CFO, cannot get final approval thus cannot get strata title out


there may be other reasons but really... no excuse not to entertain sub-sale/confirmation letters.
IAmYourFather
post Apr 28 2023, 12:01 PM

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QUOTE(PAChamp @ Apr 28 2023, 11:53 AM)
From experience, may be there are a few reasons (PURE SPECULATION ONLY):

1) strata title already issued, but there are errors and need to submit for rectification. Thus developer cannot transfer nor release titles to anyone yet;

2) strata title issued but bumi quota unmet, therefore any transaction need to pay the bumi discount to government, developer appealing thus unable to release title

3) strata title not out but developer may wind up, not bothered to attend to any consent/sub-sale

4) issue with CFO, cannot get final approval thus cannot get strata title out
there may be other reasons but really... no excuse not to entertain sub-sale/confirmation letters.
*
If not mistaken, the developer (which is the same as pacific star pj) has already wind up, now that makes sense

jojolicia
post Apr 28 2023, 01:10 PM

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QUOTE(icemanfx @ Apr 28 2023, 12:38 AM)
Poorperly flippers are truly trapped.
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Must know what can be flipped what not. Else its flopped
jojolicia
post Apr 28 2023, 01:17 PM

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QUOTE(PAChamp @ Apr 28 2023, 11:53 AM)
From experience, may be there are a few reasons (PURE SPECULATION ONLY):

1) strata title already issued, but there are errors and need to submit for rectification. Thus developer cannot transfer nor release titles to anyone yet;

2) strata title issued but bumi quota unmet, therefore any transaction need to pay the bumi discount to government, developer appealing thus unable to release title

3) strata title not out but developer may wind up, not bothered to attend to any consent/sub-sale

4) issue with CFO, cannot get final approval thus cannot get strata title out
there may be other reasons but really... no excuse not to entertain sub-sale/confirmation letters.
*
This. Developer's rating, track record, credibility, price-to-product are there for a reason.

Unfortunately, ppl like and tends to lean over to "no risk no gain ma"

Ppl always fail to see, many think buying a property is only about 1)signing spa, 2)secure loan. Done.

Most importantly is the MOT procurement, your title your property (tho is charged to the bank)

This post has been edited by jojolicia: Apr 28 2023, 01:22 PM
icemanfx
post Apr 28 2023, 01:42 PM

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QUOTE(jojolicia @ Apr 28 2023, 01:17 PM)
This. Developer's rating, track record, credibility, price-to-product are there for a reason.

Unfortunately, ppl like and tends to lean over to "no risk no gain ma"

Ppl always fail to see, many think buying a property is only about 1)signing spa, 2)secure loan. Done.

Most importantly is the MOT procurement, your title your property (tho is charged to the bank)
*
For reasons why old timers preferred completed unit and pay premium for it.
jojolicia
post Apr 28 2023, 01:55 PM

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QUOTE(icemanfx @ Apr 28 2023, 01:42 PM)
For reasons why old timers preferred completed unit and pay premium for it.
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New ones can, preferably buy into new township development where they have many more parcels to build/sell in that township.

Pocket plots can, go into the developer branding.

Buy completed, bo margin dy. Own stay ok, buy what you see best ie high ration btw which, own stayer or rent.

This post has been edited by jojolicia: Apr 28 2023, 01:58 PM
Clueless07
post Apr 28 2023, 02:04 PM

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oh damn! now trap kao kao!
what is the way out from this? Developer also gone liao.

and how about those default loan? Bank cant even lelong the unit.
the must be a solution right?
nexona88
post Apr 28 2023, 02:21 PM

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QUOTE(icemanfx @ Apr 28 2023, 01:42 PM)
For reasons why old timers preferred completed unit and pay premium for it.
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Not everyone have the financial strength 😔
IAmYourFather
post Apr 28 2023, 06:04 PM

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QUOTE(nexona88 @ Apr 28 2023, 02:21 PM)
Not everyone have the financial strength 😔
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Too many youngsters fomo into buying properties, hence trapped with can only new projects that has all sort of "discounts and cashback.

Malaysian need to understand to only buy what you can afford
nexona88
post Apr 28 2023, 06:09 PM

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QUOTE(IAmYourFather @ Apr 28 2023, 06:04 PM)
Too many youngsters fomo into buying properties, hence trapped with can only new projects that has all sort of "discounts and cashback.

Malaysian need to understand to only buy what you can afford
*
financial education very important....

but well... that not... so many clueless get trapped big time....
IAmYourFather
post Apr 28 2023, 06:28 PM

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QUOTE(nexona88 @ Apr 28 2023, 06:09 PM)
financial education very important....

but well... that not... so many clueless get trapped big time....
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For those seasoned investors, just write it off the book as lesson learnt, investment no sure win one

Kesian those first time investors, hopefully all are good 🙏

Malaysia need to introduce finance and economy as one of the syllabus seriously
nexona88
post Apr 28 2023, 08:00 PM

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QUOTE(IAmYourFather @ Apr 28 2023, 06:28 PM)
For those seasoned investors, just write it off the book as lesson learnt, investment no sure win one

Kesian those first time investors, hopefully all are good 🙏

Malaysia need to introduce finance and economy as one of the syllabus seriously
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Regular non issues... Small matters only...

First timer education fee for the failures... Need to lose money for lessons... Everyone also like this...

Not overnight become expert.... Slowly getting to know & gain knowledge 🙏
icemanfx
post Apr 28 2023, 08:17 PM

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QUOTE(IAmYourFather @ Apr 28 2023, 06:28 PM)
For those seasoned investors, just write it off the book as lesson learnt, investment no sure win one

Kesian those first time investors, hopefully all are good 🙏

Malaysia need to introduce finance and economy as one of the syllabus seriously
*
As if the sum is pocket money.
chelsea2013
post Apr 28 2023, 08:28 PM

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QUOTE(PAChamp @ Apr 10 2023, 09:53 AM)
There was a time when whatever property you bought in PJ/Damansara, price sure increase. Because prices shot up during the boom times. I used to stay in ara damansara when pacific place was launched. I knew that Pacific Place was built on a former official dumpsite thus I crossed it off my list straight away. I guess it is convenient to be a tenant there due to LRT station nearby but otherwise I wouldn't touch the place.
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How about the condo (AraTre) beside pacific place?
Is that a former dumpsite as well?
Thasmita
post Apr 29 2023, 06:23 AM

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QUOTE(IAmYourFather @ Apr 28 2023, 06:04 PM)
Too many youngsters fomo into buying properties, hence trapped with can only new projects that has all sort of "discounts and cashback.

Malaysian need to understand to only buy what you can afford
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Discounts and cash back is a con job. Perpetrators of this con were the developers, agents and the end financiers.

I really hope some really smart lawyer initiates a class action suit on bahakf of all the discount/cash back victims.
Aaron212
post Apr 29 2023, 08:55 AM

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QUOTE(Thasmita @ Apr 29 2023, 02:23 AM)
Discounts and cash back is a con job. Perpetrators of this con were the developers, agents and the end financiers.

I really hope some really smart lawyer initiates a class action suit on bahakf of all the discount/cash back victims.
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Buy now get cashback n worry 4 years later
eimajz
post Apr 29 2023, 09:17 AM

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Agree it’s poorly maintained / managed
PAChamp
post May 2 2023, 01:23 PM

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QUOTE(Thasmita @ Apr 29 2023, 06:23 AM)
Discounts and cash back is a con job. Perpetrators of this con were the developers, agents and the end financiers.

I really hope some really smart lawyer initiates a class action suit on bahakf of all the discount/cash back victims.
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Actually back in the day when i bought my current place, developer offered discount and DIBS. The government outlawed DIBS. DIBS is where Developer bore the interest you paid to the bank while the property under construction. This is to help those who are currently renting to focus only on the rent (otherwise they have to pay the interest monthly which is ever increasing on top of the rent). I guess cashback is a form of DIBS. Agree cashback is a "red flag" that the property is overpriced. You are actually borrowing more money than you need. If you use that money to invest and generate higher returns than the interest, that is fine. But most folks will use that money go enjoy. Then they will be in trouble when the property price does not appreciate and they can't make the monthly instalment payments.
Timmy Tan
post May 2 2023, 03:23 PM

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QUOTE(Thasmita @ Apr 29 2023, 06:23 AM)
Discounts and cash back is a con job. Perpetrators of this con were the developers, agents and the end financiers.

I really hope some really smart lawyer initiates a class action suit on bahakf of all the discount/cash back victims.
*
Most of them signed up knowing very well that the property is not worth that much. They are blinded by greed and spend the cash back lavishly. And then suddenly they became the victims after finished spending all those money? Victims of their own crime maybe.
Cavatzu
post May 2 2023, 08:33 PM

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QUOTE(Timmy Tan @ May 2 2023, 03:23 PM)
Most of them signed up knowing very well that the property is not worth that much. They are blinded by greed and spend the cash back lavishly. And then suddenly they became the victims after finished spending all those money? Victims of their own crime maybe.
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I think you give people more credit than is due. Most are very simple minded and the typical marketing spiel is very effective on people who haven’t heard a lot of it.

A lot of it is just a bit of ignorance and people trusting that this country and it’s regulations are better than what it is.
Thasmita
post May 2 2023, 09:12 PM

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QUOTE(Timmy Tan @ May 2 2023, 03:23 PM)
Most of them signed up knowing very well that the property is not worth that much. They are blinded by greed and spend the cash back lavishly. And then suddenly they became the victims after finished spending all those money? Victims of their own crime maybe.
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The greed was perpetrated by the developers, agents and the financiers.

If not for them there will be no victims.

Bankers and lawyers can pretend to be oblivious to the whole charade but it’s them who facilitated this.

If they had a conscience - there would be no victims now
Timmy Tan
post May 3 2023, 09:50 AM

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QUOTE(Thasmita @ May 2 2023, 09:12 PM)
The greed was perpetrated by the developers, agents and the financiers.

If not for them there will be no victims.

Bankers and lawyers can pretend to be oblivious to the whole charade but it’s them who facilitated this.

If they had a conscience - there would be no victims now
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If we go by your logic, everything that induces greed should be banned. All the people/platform that facilitate Buy Now Pay Later Scheme, Credit Cards, Crypto, NFT, Investment Courses, Trading Courses should be sued?

Back to the topic, there are a lot of measures being introduced by government and banks to stop people from overcommitting already, for example RPGT, 70% margin for 3rd property onwards, secret shopper, recheck ccris before disbursement, requesting proof of fund for down payment, no more 100% loan even for affordable housing scheme, being stricter on valuers etc. Cash back is still there but a lot less prevalent as compared to 8 to 10 years ago.

From what I observed, most of the recent cases are by people purposely mislead the banks by marking-up SPA value (for subsale), creating fake income etc. Some wanted the cash back to invest in high risk, high return schemes. Without cash back schemes, they will go for other form of financing such as personal loan, share margin financing. End result will likely be the same. If you cannot control your greed, there will always be things that try to hook you in.
Thasmita
post May 3 2023, 02:01 PM

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QUOTE(Timmy Tan @ May 3 2023, 09:50 AM)
If we go by your logic, everything that induces greed should be banned. All the people/platform that facilitate Buy Now Pay Later Scheme, Credit Cards, Crypto, NFT, Investment Courses, Trading Courses should be sued?

Back to the topic, there are a lot of measures being introduced by government and banks to stop people from overcommitting already, for example RPGT, 70% margin for 3rd property onwards, secret shopper, recheck ccris before disbursement, requesting proof of fund for down payment, no more 100% loan even for affordable housing scheme, being stricter on valuers etc. Cash back is still there but a lot less prevalent as compared to 8 to 10 years ago.

From what I observed, most of the recent cases are by people purposely mislead the banks by marking-up SPA value (for subsale), creating fake income etc. Some wanted the cash back to invest in high risk, high return schemes. Without cash back schemes, they will go for other form of financing such as personal loan, share margin financing. End result will likely be the same. If you cannot control your greed, there will always be things that try to hook you in.
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Let’s agree that we have differing view points and practices too

I was brought up in a way where everyone was respected and always told never to take advantage of somebody elses weaknesses - whatever that may be

I’m sure the developers; bankers and the lawyers were well aware of the fact that the borrowers/buyers were buying at inflated prices. They had an upper hand - they had greater advantage but to ensure that they “made” money they could care less about the morality of it.

They knew it was not “right” but yet facilitated the deals.

I respect the fact that some people see nothing wrong in this- but im afraid I’ve a different view

To each his own

By the way Im only talking about developer units with inflated prices and cash back deals


Cheers


thenazek
post May 3 2023, 02:08 PM

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QUOTE(Thasmita @ May 3 2023, 02:01 PM)
Let’s agree that we have differing view points and practices too

I was brought up in a way where everyone was respected and always told never to take advantage of somebody elses weaknesses - whatever that may be

I’m sure the developers; bankers and the lawyers were well aware of the fact that the borrowers/buyers were buying at inflated prices. They had an upper hand - they had greater advantage but to ensure that they “made” money they could care less about the morality of it.

They knew it was not “right” but yet facilitated the deals.

I respect the fact that some people see nothing wrong in this- but im afraid I’ve a different view

To each his own

By the way Im only talking about developer units with inflated prices and cash back deals
Cheers
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How can someone exactly know what is "right".

Value is a pretty subjective thing. What's valuable for u, may not be valuable as much to another person.

If in consensus people agree the property is valued at the selling price, then it is agreed at the selling price. Its an open market, not a regulated market.
Thasmita
post May 3 2023, 05:30 PM

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QUOTE(thenazek @ May 3 2023, 02:08 PM)
How can someone exactly know what is "right".

Value is a pretty subjective thing. What's valuable for u, may not be valuable as much to another person.

If in consensus people agree the property is valued at the selling price, then it is agreed at the selling price. Its an open market, not a regulated market.
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Exactly - as I said to each his own

Values are set by societal norm

The societal norm that I was brought up in was not to take advantage of another


Cavatzu
post May 3 2023, 07:05 PM

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QUOTE(Thasmita @ May 3 2023, 05:30 PM)
Exactly - as I said to each his own

Values are set by societal norm

The societal norm that I was brought up in was not to take advantage of another
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I mean greed is good has always been the mantra. There’s a reason Hong Kong has the property prices it does - everyone was complicit.

In comparison, Singapore has tried so hard to cool down their property market. Can you imagine a 60% stamp duty? It’s nucking futs! Ironically, the more they do this the more they drive up relative interest and confidence in Singaporean real estate.

Malaysia is neither of these countries whilst building at Hong Kong densities and trying to be a lesser Singapore.

This post has been edited by Cavatzu: May 3 2023, 07:08 PM
AskarPerang
post Jan 9 2024, 04:46 PM

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Lelong unit sold just now.
Size 687sqft.

Sold at reserve price 260K.

Good catch?


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QUOTE(premier239 @ Apr 11 2023, 02:35 PM)
ara damansara commercial area really teruk

lepak, makan always need go ss2, seapark
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Yes, not sure why people like Ara Damansara.

Accessible yes, but the jam and the density is outrageous.


forever1979
post Jan 9 2024, 05:40 PM

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i like ara because here there is a height limits, most building look low dense. also the greenery here plus the landscape is better than most part of the city area.

 

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