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 PPA1M General Discussion Thread, for civil servants to share n discuss.

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AskarPerang
post Mar 6 2018, 11:34 PM

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QUOTE(frequency @ Mar 6 2018, 09:58 PM)
anyone applied for bukit OUG PP1AM?

I heard currently they relax the rule, which you can rent out the unit no more 10 years limit?
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No change on any rule.
But yes to your question. Can rent out. Here the market for PPA1M Bukit Jalil:

1000 sqft, rental RM950.
Bought at 150k.
Yield = 7.6%

Assume taking government loan, 4% 30 years, monthly repayment RM716.
Monthly maintenance fees at 0.15 psf + 10% sinking fund = RM165
Positive cash flow monthly = RM 69 (but if add in yearly fire insurance, cukai, etc, this will be gone. so just break even only)

user posted image

Agents also sudah masuk. Wow.
Here: https://www.mudah.my/Apartment+PPA1M+Bukit+...il-63856064.htm
Here: https://www.mudah.my/+Hot+Unit+Bukit+Jalil+...ed-63805897.htm

Expected makin rancak the rental war when more agents entering the market to help "buy but not staying owner" connects with potential tenants.

Silfer
post Mar 9 2018, 09:23 AM

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QUOTE(frequency @ Mar 6 2018, 09:58 PM)
anyone applied for bukit OUG PP1AM?

I heard currently they relax the rule, which you can rent out the unit no more 10 years limit?
*
I think so. But forgot where I read it. Which type you applying bro? I'm applying type D. We can only choose one type only right?

propertyowner
post Mar 10 2018, 11:13 AM

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QUOTE(Silfer @ Mar 9 2018, 09:23 AM)
I think so. But forgot where I read it. Which type you applying bro? I'm applying type D. We can only choose one type only right?
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Heard ppa1m oug is in the process to covert into freehold now.
Silfer
post Mar 10 2018, 12:29 PM

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QUOTE(propertyowner @ Mar 10 2018, 11:13 AM)
Heard ppa1m oug is in the process to covert into freehold now.
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Good news?
nexona88
post Mar 10 2018, 12:33 PM

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Wah wah..
Agents also now coming into the picture...
The rental market sure would be depressed 😈😑
Glcotan
post Mar 10 2018, 12:49 PM


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QUOTE(propertyowner @ Mar 10 2018, 11:13 AM)
Heard ppa1m oug is in the process to covert into freehold now.
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Like this also can?
nexona88
post Mar 10 2018, 01:03 PM

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QUOTE(propertyowner @ Mar 10 2018, 11:13 AM)
Heard ppa1m oug is in the process to covert into freehold now.
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Really??.
Then should be good news 😎
propertyowner
post Mar 10 2018, 02:19 PM

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Yeah it is already in process for the conversion and highly likely will get through. I was told by the officer themselves.
Smitten
post Mar 10 2018, 05:53 PM

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Still on the fence whether to apply PPA1M OUG.
PROS: near LRT, IMU, TPM, Bukit Jalil City
CONS: near HTC (350m), near highway, surrounded by a number of Condo/apartment (PPR, Parklane, Jalilmas, Bukit OUG and etc)

Anyone know what will happen to the Indian temple sitting on the site? Moved or Incorporated?

Attached Image
AskarPerang
post Mar 10 2018, 05:59 PM

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QUOTE(Smitten @ Mar 10 2018, 05:53 PM)
Still on the fence whether to apply PPA1M OUG.
PROS: near LRT, IMU, TPM, Bukit Jalil City
CONS: near HTC (350m), near highway, surrounded by a number of Condo/apartment (PPR, Parklane, Jalilmas, Bukit OUG and etc)

Anyone know what will happen to the Indian temple sitting on the site? Moved or Incorporated?

Attached Image
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With the same 300k, you only get 850sqft RUMAHWIP VISTA OUG. But for PPA1M, you are getting a 1500 sqft unit at the same price. The difference is huge.

Well, if you like the location, then go ahead.
Smitten
post Mar 10 2018, 06:59 PM

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QUOTE(AskarPerang @ Mar 10 2018, 05:59 PM)
With the same 300k, you only get 850sqft RUMAHWIP VISTA OUG. But for PPA1M, you are getting a 1500 sqft unit at the same price. The difference is huge.

Well, if you like the location, then go ahead.
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1500 sqft yet no balcony! This is not Mont Kiara, the customer profile line dry their laundry.

Absolute price is more of a concern for buyers these days as easier to get financing / buyers in future.

Distance between 2 blocks is too near, maybe 20/30m. Those facing South-East will be blocked from morning sun except high floor or not facing RUMAWIP.

Silfer
post Mar 11 2018, 10:59 AM

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QUOTE(Smitten @ Mar 10 2018, 06:59 PM)
1500 sqft yet no balcony! This is not Mont Kiara, the customer profile line dry their laundry.

Absolute price is more of a concern for buyers these days as easier to get financing / buyers in future.

Distance between 2 blocks is too near, maybe 20/30m. Those facing South-East will be blocked from morning sun except high floor or not facing RUMAWIP.
*
I think I will buy washing machine + dryer. Heard that usually government project no balcony.
nexona88
post Mar 11 2018, 11:17 AM

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QUOTE(Smitten @ Mar 10 2018, 05:53 PM)
Still on the fence whether to apply PPA1M OUG.
PROS: near LRT, IMU, TPM, Bukit Jalil City
CONS: near HTC (350m), near highway, surrounded by a number of Condo/apartment (PPR, Parklane, Jalilmas, Bukit OUG and etc)

Anyone know what will happen to the Indian temple sitting on the site? Moved or Incorporated?

Attached Image
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The Indian temple confirmed move another place..
U think those expected to stay there would like it..

Only MV indian temple lucky.. IGB very good in providing place..
Quang1819
post Mar 11 2018, 11:44 AM

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PPA1M in DPC. How are those rich owners gonna accept this
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post Mar 11 2018, 11:47 AM

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QUOTE(Quang1819 @ Mar 11 2018, 11:44 AM)
PPA1M in DPC. How are those rich owners gonna accept this
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haters gonna hate.
TSseagunk
post Mar 11 2018, 12:24 PM

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Hey folks just to share i emailed the support for ppa1m regarding renting, they just said the tnc said no selling in 10 years.

So no outright confirmation but ask you to read between the lines.
TSseagunk
post Mar 11 2018, 12:25 PM

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May i know where is the ppa1m location?
AskarPerang
post Mar 11 2018, 12:27 PM

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QUOTE(seagunk @ Mar 11 2018, 12:24 PM)
Hey folks just to share i emailed the support for ppa1m regarding renting, they just said the tnc said no selling in 10 years.

So no outright confirmation but ask you to read between the lines.
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Same case like rumahwip. Is not stated legally in the S&P restriction in renting out.

nexona88
post Mar 11 2018, 06:46 PM

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QUOTE(seagunk @ Mar 11 2018, 12:25 PM)
May i know where is the ppa1m location?
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https://www.ppa1m.gov.my/project/list

check here..
got state by state too biggrin.gif
300thecat
post Mar 17 2018, 08:17 AM

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Anyone got a response re Brickfields? It's past the application results deadline, yet status still showing 'Baru'.

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