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Investment RYAN & MIHO @ SECTION 13 PJ [OWNERS' THREAD], When A Boy Fell In Love With A Girl

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aaron1717
post Apr 26 2017, 10:25 AM

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QUOTE(doomx @ Apr 26 2017, 01:02 AM)
If you havent seen a place of 820sqft with 3 rooms maybe u shouldnt think of concept from developer. 2r2b is okay still got space. now this is cramming like mad, everyone need to be walking carefully not to crash into each other in the unit.
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my dad now have a unit 850 sq ft 3 rooms rented out.... i think its quite decent for family of four... rented out to them since 17 years ago til now.... the four members family tenant have no complaint on the space they have... considering 17 years ago... 850 sq ft with 3 rooms is small but from the way i see it... still quite decent... not to the extent of bumping each other in the hallway lol....
aaron1717
post Apr 26 2017, 11:11 AM

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QUOTE(BEANCOUNTER @ Apr 26 2017, 10:48 AM)
have you stayed in there for 6 months to 1 year?

people tend to compromise when there is little or no choice. Even in HK people live in 100sq space, with single bed, cook top and 'wardrobe'.

but when you are paying 760psf in prime PJ area....are you going to compromise like people in HK? of course 800sq you can put 3 beds or even 4 beds....I ever hear Plaza Garden Residency in Cyber...they can have 3 beds in 500sq.
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i stayed in a 820 sq ft condo for 6 months during first year college time... haha.... i think i still can accept the size frankly speaking... maybe gen z or millennials can accept the size more than me also.... i know gen X and previous cannot accept that kind of space... hence why my dad dont bother staying in that condo... rent out straight away after VP....
aaron1717
post Apr 26 2017, 11:47 AM

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QUOTE(David_77 @ Apr 26 2017, 11:36 AM)
Lol! Think you hit the spot on gen X and the preferred size  rclxms.gif

But then, if the investment is to target z or millennials, then shouldn't be an issue.
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yeah... u go to some project showroom already know.... those gen X will say to the agent directly wa... 600 sqft 2 rooms....?? 800 sq ft put 3 rooms?? they will say they still believe that 1000 sq ft should be worth 500k or lesser only... but some projects sales chart show u otherwise... like sentul point.... 650++ sq ft 2 rooms.... 360k.... sapu habis.... now new sentul point block higher density more smaller size units... i am waiting their sales results haha....
aaron1717
post Apr 26 2017, 11:56 AM

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QUOTE(David_77 @ Apr 26 2017, 11:53 AM)
every developer is playing with absolute quantum now (what is size and RM/sq feet  whistling.gif ). It's like an acceptable fact now.

So what it's RM750/sq feet and only 450 sq feet. Total only RM337K!!! BBB!!!
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yeah... new generations buy hse now wont look at price psf.... all look at the total selling price.... BBB!!! 600sq ft 337k!!!! location at city center!!! cheong arh~! hahaha
aaron1717
post Apr 26 2017, 12:11 PM

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QUOTE(kochin @ Apr 26 2017, 12:09 PM)
u guys forgot, they also absolutely love low downpayment or better yet with cashback rebates.
and style mesti ada. so must come with some built-ins or "freebies" such as heater/ac/etc
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hahahah true bro.... kitchen cabinet with hood and hob provided (laminated wood with solid surface, unknown brand hood and hob).... all also consider super good deal for them... famous developer give discount... more worth to die for.... biggrin.gif biggrin.gif
aaron1717
post Apr 27 2017, 09:47 AM

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QUOTE(doomx @ Apr 26 2017, 11:57 PM)
haha if that is the case then I guess it boils down the personal preferences. I just feel like they are cramping in 3 rooms for the sake of it. Then again, I'm not buying this project so maybe for those who will view their sales gallery apparently sometime in July will be able to see how its gonna be build and update at this.

I am just interested at this project simply because it is in the neighbourhood i live in for years when im studying + working. Still the road out there gonna be quite jammy when it is peak
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i guess in the end it boils down to how they adjust the space for each section... haha.... maybe the old time emphasize more on hallways instead of now... emphasize more on the rooms size... hence once u left the room... its feels like bumping each other all the way out.... biggrin.gif biggrin.gif
aaron1717
post Jan 5 2018, 11:29 AM

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QUOTE(champu @ Jan 5 2018, 11:22 AM)
So, this is by OSK.

Whats sifu's opinion on this? Location wise its perfect for appreciation regardless of quality/ or is it too much risk?
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appreciation for high-rise will be quite stagnant for time being regardless or which hot locations you are in... too much competition at every locations... appreciation will most probably impacted by those who dont have much holding power and still head on wanna own one condo...
aaron1717
post Jan 5 2018, 02:44 PM

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QUOTE(champu @ Jan 5 2018, 12:00 PM)
I hear you, and concur that the supply outstrips demand currently with so many projects coming to completion. At this point I'm just focusing on completed projects with developer units but given its location it would be an interesting opportunity.

Having said that, been hearing a lot of complains about OSK so that got me worried. Reading the comments in here and other developments they're in charge also doesn't help make up my mind whether to give this a serious look.

Thanks for the suggestions  rclxms.gif
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well... there are a few more high-rise projects around this area... so there still might be concern of competition on it... and since u concern on appreciation than rental income... leasehold doesn't reflect well on appreciation... u have to sell your house before the lease running lesser.... this is just a pocket development... as long as OSK able to rectify the defects... their reputation on other mixed developments may not applies here.... this development doesn't promise u any offices or malls or significant stuffs like that... so its still okay...

frankly speaking completed units from developer are only good for own stay... not good for appreciation or rental yield... usually developer jack up the pricing to no space for appreciation upon VP or when closer towards VP.... look for some good deal subsales from desperate owners would be a better strategy for u... haha
aaron1717
post Feb 12 2018, 10:16 AM

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QUOTE(Five Feet @ Feb 12 2018, 08:35 AM)
Read all the comments after I put RM3k booking fee. what should I do now?
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i think comments are given mostly by those non vested one... gauge by your own feeling too.. whats your purpose of buying this project? if u visit LYN... u wont see any of the thread comes with alot of positive comments one... lol... there are pro and con to each project....
aaron1717
post Feb 12 2018, 10:37 AM

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QUOTE(Five Feet @ Feb 12 2018, 10:32 AM)
For own stay. 1st time buying house den came across all the comment (99% are negative feedback). Shaking on my decision😔
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i think if u like the location and u can afford the price... why not... own stay its all about personal preferences... all their feedback are on investment wise and on the developer's other projects... and in term of workmanship... i think most of the local developers also have something that can complaint on workmanship including the top 10 ones... its still a condo at a genuine PJ address though...
aaron1717
post Feb 13 2018, 09:21 AM

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QUOTE(BEANCOUNTER @ Feb 12 2018, 04:57 PM)
Aaron kor dun simply made assumption lah...

Adverse comments are mainly from their past purchasers....unlike cyber thread.

Are you implying that past buyers need to buy this project bsru can comment?

I wonder how many of those ppl around....
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no la.... based on how much i follow... i know that few OSK past projects purchaser... and also alot of non OSK purchaser commented here like u and me... at least like dr pitchard what he shared is really insightful however it doesn't mean the OSK project he bought is unstayable though... buy for own stay really up to personal preferences though....

din implying anything, i would say she cannot fully look at the negative comments here and make a decision out of it... not saying need buy baru can comment... but to be influence by non buyers' comments also not really making full sense... laugh.gif laugh.gif there are some positive comments on the location though and i think the location is not bad for own stay laugh.gif laugh.gif

This post has been edited by aaron1717: Feb 13 2018, 09:32 AM
aaron1717
post Feb 21 2018, 09:49 AM

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QUOTE(jojo168 @ Feb 19 2018, 09:57 PM)
High dense property have defects should be a norm as result of mass production. But handling the defects are the key point that differenciate the good and bad developers. Just wonder what’s the benefit or advantages of bearing PJ address.

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well... even those property you bought for 1m and above also have plenty of defects... and its low density somemore... i dont have faith in any of the developer in malaysia to really deliver nicely... even for the famous YTL... they have project with less defect and project with plenty of defects too... so workmanship talks at this point are mostly wasted gas... lol...

this PJ address and this PJ location wont bring u much harm in term of long term appreciation though... at least better than those Akixxx or Aset Kxxx projects in KL address....
aaron1717
post Feb 23 2018, 09:02 AM

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QUOTE(jojo168 @ Feb 23 2018, 12:25 AM)
Just out of curiosity, did you buy any properties in Malaysia?  biggrin.gif

To many people in the industry, YXX that you quoted as “famous” is actually just so so only. And many so called “famous” developers are “famous” not because of their products’ quality but because of their “branding” and “packaging”. One can consider the houses they bought, how much % they are actually paying for the A&P?

IMO, for own stay in PJ is nothing more than the convenience & connectivity. In terms of investment, KL seems to have more demands to digest the supplies compare to PJ.
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u can assume i didn't own any... well... out of curiosity too... did u really do any data comparison to support your statement that PJ convenience for own stay but not for investment? as for KL... look at all the rental yield of the condos along jalan ampang will do... and how much have those post property bull-run projects there have really appreciated very much to date....?

anyhow... as long as for own stay... personal preferences is important... and if the forummer wanna stay in PJ... this is not a bad PJ address to stay at... thats actually my main point... my bad for diverting it to compare against KL... but thats also maybe i blowing water... laugh.gif laugh.gif
aaron1717
post Apr 4 2018, 09:17 AM

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QUOTE(squrce @ Apr 4 2018, 09:14 AM)
Ryan & miho or Atwater ? anyone here bought Ryan & miho ?
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almost everyone in this forum beh song OSK one... so if u wan an opinion from here... most will ask u to go buy atwater... btw... u buy for own stay or investment?
aaron1717
post Apr 4 2018, 09:53 AM

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QUOTE(BEANCOUNTER @ Apr 4 2018, 09:19 AM)
keke

ignore all white noises here...

can go see their latest masterpiece (pun intended) at Emira.
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hahaha... not everyone can ignore easily and filter out stuffs they want...

looks good their emira from the outside... the facilities level landscaping looks decent... passby aeon shah alam sure will saw that....

QUOTE(squrce @ Apr 4 2018, 09:24 AM)
half half. Lol all beh song OSK...
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in this part of PJ... matured already.... investment wise... mostly just hold long for appreciation... but its leasehold... so will depreciate if hold for too long...

keep for rental... yield is not that juicy... but not too bad also in order for you to hold on for good appreciation....
aaron1717
post Apr 16 2018, 02:07 PM

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QUOTE(stevenkkh @ Apr 16 2018, 02:01 PM)
Your reasoning is weird, if they does not want to renew, they will choose to sell it off instead of total loss for anyone interested on the condo to price in the renewal fees along.

Who will want a total loss after years of cash to buy a condo? Imagine you have any property who is expiring and you can renew the lease, you will reject and wait for total loss instead? Not logic to me!
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but its not easy to renew the lease for strata title condo... there are hundreds if not thousand of owners consent needed before the JMB proceed to help you guys to renew the land lease... what if some owner wanna pay to renew some owner duwan to pay to renew as they decide to stay til the day of their death? so far now there are no such cases on leasehold high-rise happen before yet.... but i believe its harder to renew than an individual title landed...
aaron1717
post Apr 16 2018, 03:33 PM

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QUOTE(DesRed @ Apr 16 2018, 03:19 PM)
There will probably be some owners who will sell their units after 20 years of staying there or probably before the remaining lease hits 60 years and pass that headache to the new buyer (if they can find one, that is).

I'm only aware of the PJ old town where the majority of the landed houses' lease are nearing expiry. Next-of-kin take possession of parents house after their passing only to find that only 20 years remaining in the lease. I wonder if the parents are not aware of this/forgot about it until their children have to bear this problem many years later. hmm.gif
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well all in all... its easier to renew the lease of those PJ individual title landed than a land which are staying by hundreds or thousands of owners... haha.... most probably they wont let u renew to full 99 years as gomen might have other thoughts about those lands there... abit waste to let it there for just a few rows single storey landed aje... haha devil.gif devil.gif
aaron1717
post Apr 17 2018, 09:51 AM

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QUOTE(DesRed @ Apr 17 2018, 09:47 AM)
Sounds like the gov't want to make it easier to acquire leasehold land if they don't allow you to renew it back to 99 years. But I do recall that the gov't can still acquire freehold land for their own development, but have to pay the owner the market price.

The joy of choosing and owning a property. sweat.gif
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yea.... freehold land will only be acquired by them when they really have no choice... but for most redevelopment cases... i think they can decide to wait for those popular leasehold lands to run out of their lease and just retake it back for redevelopment...

having said that... wondering government should compensate for the building that was supposed to be on the piece of land or not... just compensate how much the building worth nett off the land price.... hmm.gif hmm.gif
aaron1717
post Apr 18 2018, 09:34 AM

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QUOTE(stevenkkh @ Apr 18 2018, 12:39 AM)
Seriously, I don't want to argue whether any policy changes or not as it is pointless which is why I can only use current practice for leasehold land as judgement.

If we really want to factor all assumption, who knows, maybe all freehold become leasehold also as government can change policy as you said. Who said this cannot be done? The law can even be passed to grab your land if it is needed by the government, who knows whether this is possible or not if we want to discuss all this possibilities.

By the way,this act or rules is on 1965, an act with the extension of leases for leasehold properties is governed under section 197 of the National Land Code (Act 56 of 1965) pertaining to the applications for approval of surrender of the whole of the land, as well as the land rules of the various states.

For the state of Selangor, the extension of lease is governed by the Selangor Land Rules 2003 and Selangor Quarry Rules 2003.

That is why I said this is related to political reason.
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anyhow.... in the end no one can assume for sure what will happen when the lease is running low especially for leasehold condos.... the main issues will always be condos or strata title leasehold property... its harder to get the majority agreement to renew than individual title landed.... the problem is some might wanna renew using the 1k for own stay some might wanna renew for future reselling... there will always be disagreement between big amount of owners....

generally now if im a leasehold condo buyer... i will try to sell the condo before the lease become less than 70 years... or if i wanna keep it for good rental income purposes... i will just let the lease run on natural course... the renewal issue will be handle by next generation who gotten the inheritance...
aaron1717
post Apr 19 2018, 10:43 AM

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QUOTE(stevenkkh @ Apr 19 2018, 10:17 AM)
Really a deep thinking needed on this, anyway, so far we can see the option and even the worst consequences for leasehold on the discussion. Leasehold also have their market value, just like First Residence in Kepong, initial release price around 400-450k (Not sure whether lower as my friend buy at secondary market), but I believe just roughly 3-5 years, it is around 550-650k at peak for now.

Just thinking if all this leasehold condo tied to shopping complex, office tower, will you be in higher chances to renew or worst chance since the big developer might eat up your share of land also. Or maybe the value might be better than you stand alone, just thinking.

Leasehold usually in best position place which make them attractive.
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