COVID19 aside, MVV even if its a go. Its a project spanning 20-30yrs or even longer. It doesn't tick any box or comes in as a factor to decide on purchasing a property. It doesn't add any value to BSS.

This post has been edited by kimchi rider: Mar 26 2020, 03:38 PM

AFT group operates a number of business in BSS and S2. From grocery shop, restaurant, hardware and also a clinic at Medan Nusari. So they do have a large number of staff and if we include their dependents/families who live together, can expect a large number of PUI/PUS and close contact. Heard there was a mass screening exercise at Masjid Sendayan (Nusari) for AFT staff and their family members. Not sure the exact number of those screened, heard around 300+.

It seems the deceased was already infected for sometime and got admitted on 11th and passed away just a day after (12th) at HTJ. And when he was sick, many of the staff and family members visited him even during MCO. Hope this cluster is contained among the family members and staff of AFT. Otherwise considering their businesses could have been patronized by customers who live around this area, it may end up to be a big cluster.

Lets hope for the best and those infected to be recovered soon.

Shows how important it is to self isolate and get screened at the onset of symptoms, in addition to strictly adhere to MCO. All of these seems to be violated in this cluster.

Impact from all corners. People are losing jobs, experiencing paycuts, reduction of allowances, self employed people are losing source of income and those on daily salaries are also impacted. A recovery will be slow and gradual and might only kick off after a vaccine is found or proper treatment. Which both seems to be no where in sight for now, not for the next 12-18 months. What does that mean for property prices? Purchasing power among the working class are not there, prices will drop as flippers might not be able to hold on to their purchases (we have seen this happening already since 2015), and those high stakes players are mostly on a wait and see mode.

Cold areas i.e BSS which rely mostly on working class for their new units by offering low entry cost schemes, selling units at inflated prices will definitely be impacted big time. As this are the main group of purchases at BSS.

For the secondary/sub sale market, impact will be even greater as at this time, those who are impacted by COVID19 by means of income reduction/loss are stretching their cashflow and will definitely be in no position to come up with upfront payment to buy properties. As sub-sale units require a significant upfront amount of downpayment, legal fee and etc.

To summarize, the property market would need at least 2yrs to recover to pre-covid19 levels as soon as the situation improves (emergence of vaccine, anti-viral drug or if the virus disappear completely like SARS).

Otherwise expect a huge drop in prices due to supply and demand forces.

I guess not paid. Lot of companies bungkus. GG Realty.

BSS have never been a "hot" project to begin with. Inflated prices that comes with massive discounts, lies by agents/developer, poor work quality, and the best bonus of all, property valuation drop upon VP. So it all depends on which angle you are looking at.

Sales statistics by developer or by reality. I'm sure all of us have seen "Last 5 units" gimmick, and after years upon completion you will see "developer reserve units" opening up. So it's best to gauge the statistics from own research, speaking to banks and property owner in BSS.

Covid-19 have changed the landscape of property in Malaysia especially in weaker areas, BSS is one of those. Just go into mudah.my and you will see subsale units being sold 20% below MV, below MV ya not even close to SPA price.

Its already 6yrs I'm living in BSS (8yrs after signing SPA). We are no where close to the standards and hype of our successful neighbor Seremban2. People say it takes time for a township to get matured, well it definitely didn't take Seremban2 that long to have Malls, Hospitals, Hypermarket, Shopping districts, Bomba Station, Police Station which is considered basic amenities for a township.

Thinking of buying a house in BSS? Think twice.

Not really, you will be surprised when you put things into perspective.

1. Quality
2. Location
3. True Market/Bank Value vs SPA price.
4. Amenities
5. ROI
6. And most importantly, dont buy for the sake of "future proposed amenities". If something is not build/approved, never trust any sales agent. -> Speaking from bitter experience being a BSS resident.

I've seen subsale units in Seremban2 going cheaper than BSS. With the impact of Covid-19, its now a buyers market if you have the appetite to buy a house at the moment. You will be in for a good bargain elsewhere.

If you are buying a house to stay, for the long run. An extra 50-100k wont hurt your pocket. Especially if you are stretching for 35yr loan.

So keep your options open my friend.

Selamat Hari Raya.

This post has been edited by kimchi rider: May 20 2020, 01:48 PM

Not really, depends how you are looking at it. The new units basically dump all the cost into the unit price, hence it is inflated then you get the "fake 10%" discount so to speak. You are still paying for every single sen of it, just that you don't see the bill now.

Sub-sale prices are sold well below market/bank value. If you are buying on mark up concept, its the same thing all over. Whatever you spend for the legal fee, you get it back once final disbursement is done. Same concept, different method. Smart buyers take advantage of this and reap the real value out of sub sale units, as some desperate sellers (a lot of them now) are willing to knock off even more just to get rid of their unit.

FYI, a subsale 2 storey unit in BSS is ranging about 380-450k. Your bank value is starting from 500-600k upwards. Do the math. A new unit on the other hand is being sold at 600k+ before discount, the standard discount is about 10-15% in BSS.

If the discussion is about getting a brand new unit, well half of the sub-sale are technically new unoccupied units. And you dont even need to service the progressive interest during construction phase. That itself can be almost 10k for a 500k unit.

Why sub-sale is said to be the not so preferred purchasing method? Its because you don't see aggressive marketing at this end. Sales Agents promoting new projects are so creative to paint a different story to buyers.

And, for the part which you mention 500k must come up with 100k. Well, more homework is needed then. You don't sign an S&P for 500k, you sign 550k and dont pay any downpayment (besides the earnest deposit). If unit is still being sold as 500k with a market value of 500k, then you probably didn't bargain well. Sub-sale dont work this way.


This post has been edited by kimchi rider: May 24 2020, 09:50 AM

Read my last para in the previous reply, who said need to come up with cash. You buy new unit you pay more installment, same thing. Now market is benefitting for sub sale. A lot of people burn already now just want to get rid of their units. I speak from current data, you can ask real estate agents on this.

If people cant afford to come out with cash, they shouldn't be looking into purchasing property in the first place. Be it zero entry cost or whatever the concept is. Digging own grave in current market if buying just for the sake of zero entry cost.

I'm just putting things into theory on how zero entry cost works. End of the day it's buyers own choice. You will be surprised to see many first time buyers are completely blinded of this concept due to sales agents painting the wrong concept about zero entry cost and subsale must come up with cash story.

This post has been edited by kimchi rider: May 25 2020, 01:06 PM

LYN new rules is it?

Didn't know must give PowerPoint style presentation here.

If your feedback is in regards to the topic (BSS or zero entry cost or old vs new property) I take it well.

But you came straight out to comment on how people should write forum replies, so I'm actually questioning your purpose and intention.

I will continue to write replies the way I always do unless its in violation to the forum rules.

Not for the sake of increasing my post count like you.

Again back to my original post, its only 6 short paragraph. Don't know why you got triggered.

This post has been edited by kimchi rider: May 26 2020, 09:32 AM

I live in BSS for 5yrs, bought a unit here based on all the lies the developer said 7yrs ago.

- There was supposed to be a hospital here, none.
- No BOMBA station.
- No Police station.
- No shopping mall.
- HSR Project cancelled.
- House built quality like rubbish. (go see for yourself or take a visit to their matrix cust service centre to see all the complaints by buyers)
- All business centres (Metropark, Merchant Square like white elephants) - very low occupancy rate.
- No hypermarkets.

Mind you, all this were promised back in 2013 ya.

So I dont get it whenever i say something about BSS, non-residents jump in to say why am i being so negative.

Buy a house here and I will see you posting the same as me few years down the road.

Future Damansara of Seremban konon. Basic amenities pun tak ada. Must tumpang Seremban2 facilities.

This post has been edited by kimchi rider: May 26 2020, 03:17 PM

I can't speak for other projects. HOC is just a promotional gimmick. For BSS/Matrix, since day 1 it has always been zero entry cost. Developer absorb it all by inflating the property price and giving heavy discounts. Up to 20% if you are an early bird for any new launch phase. Meaning you don't pay a sen apart from the common booking fee (RM1k), you even get cashback upon VP as loans are 90% of SPA price. When i bought my unit in 2013, I was given 15% discount with all legal fees, stamp duty on the house.

Here BSS no choice, have to use this kinda promo tactic otherwise nobody want to buy. HOC all wayang only.

The hospital story since 2013 ada. But till now habuk pun tiada. Still got SA saying hospital gonna be built soon.

This post has been edited by kimchi rider: Jun 18 2020, 11:32 AM

Read la my post properly, i talking for BSS not other project. Dont waste yr bullet tembak me.

BSS got "HOC" for long time already.

Want proof go see yourself in BSS.

This post has been edited by kimchi rider: Jun 18 2020, 11:35 AM

Majority of buyers in BSS are from out of Seremban. Job opportunity? Not really, Sendayan Techvalley are mostly production based industry, i.e requiring low to mid-skilled staffs. Hence purchasing power from this group does not justify the any buying strength. Perhaps an increase in rental opportunity from these workers? Maybe.

A reason enticing developers to BBB here is probably due to low cost of land acquisition from the govt. Remember BSS is Felda land, so we wont know what arrangements are made between the developers and govt. From what we know, Matrix profit margin is very high based on their financial report which can be obtained from Bursa/Securities Commission. This shows even with the heavy discounts out of inflated prices of units, Matrix is making way more than the bigger players out there.

You stay here is it?

I stay here 6 years already. I'm seeing more migrant workers only. In my taman and also other phases 95% work out of BSS.

You stay here is it? When you got neighbours being migrant workers (bangla/nepal/myanmar) living in gated n guarded residential phase being made into migrant worker hostel, then i will ask you this same question again. Whatever suits you. No point arguing about who and what works there, I'm talking based on personal experience living among the "highly skilled workers" working at Sendayan Tech Valley residing in BSS.

I'm not denying these factories do require some highly skilled workers. But you don't see many of them staying in BSS. Like i said in my taman Residents Association (being an AJK myself), 95% of residents in this 290 units phase works in KV. I can also say its the same ratio of residents in other phases who I have friends living there. Go to metropark you will see more migrant workers loitering around, also most 2nd floor of shops made into hostels. All of them work in sendayan tech valley? So what value is this bringing to the area?

So whatever statement you make, get more information first. Go see for yourself whats happening around. TOO many factories within close vicinity of a new township is not good.

My unit. After 5yrs.
- wall crack (structural)
- ceiling leaks
- tiles popped up. (50% of top floor)
- car porch ceiling plaster falling apart.

Spent 40k+ to repair. Matrix dont want to take responsibility due to exceeded defect liability period. I mean its only been 5yrs. God knows what is going to fall apart next.

So don't worry, just make sure you got deep pockets 5yr down the road. All your discounts are going to be spent to repair the low quality product.

If anyone think I'm making this up, go read this same FB post by another member here.

https://www.facebook.com/sendayanupdate/pos...797835867420767

Aiseh, itu developer wayang tactic 101 la. Until today got so many developer unit left for completed projects.

True. Bank Value is meaningless these days. It's only an indicator on how much loan a buyer can get. Real market price is based on the average transacted prices within the last few months. Subsale transacted value, and not new unit price from developer.