condo dun buy. you set yourself up for failure

How would bank know whether the buyer buy for ownstay or investment ya? Then how will it affect the loan margin and interest rate? I thought loan approval will be based on the buyer’s profile?

This post has been edited by ATKH: May 8 2019, 02:09 PM

no ownstayers will rush en mass to buy brand new popety knowing that the said popety only be ready in 4 to 5 yrs time.

you know how many babies can someone make in 5 yrs time?

lucky 3. normal 1 or 2, less lucky 1. unfortunate 0.

I talk in general family setting here.

all good developments need investors at play, seriously. this is how they move their stock, bear in mind all projects have 30% bumi allocation, safe to assume that this segment will likely be slow moving as well.

if developer only rely on own stay purchases, rest assure there will be plenty left over (or overhang units as they called it) after vp, bcoos ownstayers usually more careful when come to the biggest investment of their lives.

to guestimate whether this project is more ownstayer or investors, easy.

if block c n d very slow moving (or not moved at all) meaning high % of ownstayers.

I was surprised that there are leftover of landed here. earlier indicative suggested demand over supply. guess the conversion rate is disappointing.

developer never ask you this question and sign a form?

honestly bank SA don't really care lah as long as they get the commission. they probably just marked 'for own stay' to save the trouble.

I think the form is from developer, not banker.

This post has been edited by BEANCOUNTER: May 8 2019, 02:14 PM

Does anyone have the specification for terrace unit? etc. plug count, material. I can't find any info in the brochure.

I had spelled my reasons in my original post. Afterall, it's a matter of personal preference when choosing a home to live in. Also to correct you, I wrote "development" not "developer", development means the overall part and parcel of the project.

I see you're trying to write your point about disclosing purchaser' intention of own stay or for investment that would able to manipulate bank's decision and offer, but at end of the day, we only can see the actual fact after vacant possession. Like you said, a mix of both is good, so let's see.

I moved from USJ to somewhere near Alam Damai 4 years ago.

My opinion is that the drivers in USJ are more civilised and Cheras drivers are more aggressive. Roads are more structured and well planned in USJ, and it has no potholes! No offense yea, cheras people, just observation. Traffic is bad though especially along leisure mall and ekocheras. And during CNY, the fireworks were so much that it was seemingly trying to burn your house.

Other than that, its damn near KL. I come back for lunch or take my forgotten phone sometimes before heading back to office. I work along Jalan Ampang. Food is abundant, you'll be spoilt for choice. Wednesday got pasar malam at Connaught. If Cinemas are full in KL, can U turn to Mines or Cheras Selatan. Also dont have to wake up as early as Damansara people to go to KLIA.

Not sure about education for kids, havent reached that stage of life yet. I know Sentul got the famed Chung Hwa.

Can enlighten me a bit ? Is it cheras, EH or condos in general?

Can you share the logic behind? Newbie here.

There aee enuf already condo and aprtment launches in the past few yrs in cheras....

You want to join the party, be my guest.

Pls read what i post earlier......about buyers and investors buying behaviours..

Now I understand the reasoning and logic behind it... Thks...

Anyway, own stay not necessarily from new married couples... Can be retired people, want to upgrade to a better environment people, and etc who no rush for a new home to stay in...

Here also got plenty of schools, and nursery...Good or not good not sure....
Yes I agree to your points listed.... I moved here 8 years ago... The largest change is MRT...

I guess since you stay near at Alam Damai... You won't consider EH right?

This post has been edited by khieni: May 9 2019, 07:43 AM

Welcome to EH.... Child day care got lot, MRC, A Star Kids....

I am considering. In fact I am very keen. Wanna get a nice place to set up a family. Also tired of the condo lift that breaks down all the time.

It's just my wife who is quite worried over such a big purchase. Particularly whether there will be enough left to bring kids up in the future.

those that not rushing to move into new place also mean potential flippers and investors.

I asked many times here about Guocoland past projects and you seem to be the only one here cited Emerald Rawang. The rest couldn't even be bothered. they all just sticked their memory bank to the sui sui club house pool and lake and the artists illustration of beautifully printed images.

take a look at emerald rawang now.....n see for yourself.....bear in mind that many existing landed there are JV with other companies. Guocoland main development there only restricted to Emerald Garden n the bungalow phase. I think they have stopped launching new bungalow there for the past 2 or more years jor.

back to cheras, there did have a project called Cirrus. Bet many don't even know this project. in Kajang, they also have a project called The Nest. But somehow after launch, The Nest reception was poor and they did a 180 degree turnaround and sell as other concept and theme,,,,now is by a malay name, instead of The NEst.

how I know so much? bcos I was very interested in their concept and home design (not so much on layout but will do). but the actual product do vary from print brochure.

The nest was the concept that I like but layout tends to be weird, and home designs deemed to be too modern for kajang folks. That's why it die still born.

Do you mean this developer has bad reputation and poor workmanship/design?

No bad reputation. You can perhaps check out their damansara city.

Also no bad publicity such as mahsing mkh n tipucana.

Just that they promised great thing but under delivered in my book.

When i mention sime darby, wat is yr 1st reaction?
How abt setia ioi sunway paramont n gamuda and etc???

Guacoland??? Rings any bell?

Tis Eh they roped in ex dpc vip to handle. But whether they can deliver standard as per dpc is yet to be seen.

i can't find specification in EH broucher, no more promise?

I think it's mentioned in the SPA somewhere.