QUOTE(pro-921 @ Jan 13 2019, 09:58 PM)
Of course there are differences between apartment and condominium. There are reasons for them classifying the Rumawip projects. Most of the Rumawip projects dont have swimming pool and much facilities but some Condominum classified Rumawip projects like Kiara Kasih and Sky Awani do have.
Anyway I believe the most important aspect is whether it is a freehold or leasehold property.
Kiara Kasih facilities is quite decent. The best after sky Awani 3. I told already, the only negative aspect is only 4 lift for 700++ resident and buyer can't purchase extra carpark..
For RUMAH MAMPU MILIK, LH or FH doesn't really matter.. The piece of land given to developer for "Rumah Mampu Milik (RMM)". The mampu milik title will stay forever.
As part of agreement with KWP/DBKL, as developer in FT, Uem sunrise need to build affordable housing. Thus, this segambut plot land bordering with Mont Kiara was chosen, it is the most least favourable plot of land as bordering setinggan, bordering highway, no proper, access road, got HTC nearby. Luckily, the KM was approved. However, future infra promised by DBKL already.
Rumawip, Selangorku not gonna affect market as they are RMM. Can play cashflow game but certainly not CA/flipping game.
specific clause in S&P have mentioned about moratorium for selling. Even after moratorium finished, still need state consent to sell..
and to protect Affordable aspiration, like low cost.. moratorium for rumawip/selangorku will be renew for the next buyer.
So, just buy and stay la.. Don't try to invest in affordable housing.. KWP guy told me, buyers think they are smart, but govt are smarter..