I know which MCA related developer u talked about....indeed, this developer is famous in mass production

Also famous for building rental type apartments for students and for for investment.
You can recognise the designs everywhere,even to the yellow and white exterior,
probably using the same drawings for every scheme.
But they are overdoing it in Setapak as student population here is shrinking,should move more to Sungei Long or
Taman Connaught.
They are building more useful things though,not like another one who builds absolute high density 40 storey mixed development monsters .
Mainly using their MCA contacts to rub shoulders with DBKL to redevelop DBKL's walk up flats and apartments in Wangsa Maju into
high rise monsters.Probably looking around to buy over cheap housing nearby to temporarily house DBKL low cost flat owners waiting for their redevelopments to be ready.

This post has been edited by Rampai Court Resident: Feb 20 2018, 10:10 PM

Platinum Victory?

Thinking of buying a couple of units for investment.

Worth it ?

I want to hear your opinion.

My family also own this club membership since it's founding year 1983. Also another situation where there's old members versus new members in the debate of selling the club and land.

Well say units are transacting in the market for rm300k.
You know very well the land value per unit already higher
than rm300k.You can imagine what will happen when bids are open for the land.

But you must distinguish between phase 1 and 2.Phase one (blocks a,b,c) which has higher value is already in some commitment
Phase 2 with higher density and lower value is up for grabs.I know of many Phase 2 owners who no longer have faith in the management and have not renovated their units and are unrentable,if they are dumb enough to let go at
say rm250K ,there should be some margin eventually.
Just study and follow the case of Desa Kudalari closely.
It is a situation where 90 % of people want to sell but 10 % dont.
So the 90 % sold off the units enmasse in an open bid.

RCP 2 is a case where there are many retirees and citizens living out the last years of their lives in a
serene,healthy and relatively tolerable environment not found elsewhere and the situation can only change
in about 10 years when they are no longer there and the buildings near the end of their lives.

If you ask me,just scout for low density condos built in the 80s at the end of their building lives
say in old klang road,Jalan Loke Yew ,Jalan San Peng or Pudu waiting to be condemned and redeveloped.

This post has been edited by Rampai Court Resident: Feb 22 2018, 10:45 AM

Sounds about just right. But seriously PV's design is the just same all over the places.

Maybe in future their industrialised design may become as famous as the landmarks of the old system buildings
in the Jalan Pekeliling flats already demolished.
After all given today's building standards and lack of maintenance culture they would be ready to be condemned
in 30 years and owners have to buy another apartment supplemented by what little is left of the land value
because of the high density, just like they would change their cars.
That is the disadvantage of unlocking land values,there is no more remaining upside potential for investors.

Development in urban areas is now like that in UK.There is a shortage of land unless you count hillslopes and green reserves.So like in UK,like the Battersea project they are going for redevelopment on abandoned or condemned buildings.
They call developments on new areas green sites and redevelopment
of old projects brown sites.

Wake up people and stop chasing after those expensive high end high density condos in the Klang Valley with ridiculous prices which are already out of reach of the majority.
Unlike landed property or condos located near commercial areas capable of being converted to commercial use like Desa Kudalari,their land values will not appreciate because it has been maximised and when the building needs to be redeveloped in 30 -40 years time when you are near retirement,you have to sell off the land at a fraction of the price of the unit you bought because the land is shared by thousands of co owners.The property price will not appreciate much and will remain stagnant after 20 years because of obsolescence and poor maintenance,and when you reach retirement you will have to fork out a few more hundred thousand to buy a new one,or move to a faraway village.Forget about leaving the condo to future generations,its like passing down an old car.
Its not like those who live in terrace houses and other landed property who dont share their land and whose property prices continue to appreciate even after 50 years because the house itself can easily be rebuilt on the valuable piece of land.
Its time to shed the myth that condominiums can be good investments because trends confirm they are not,instead they are wasting assets just like cars.The exceptions are those with affordable prices in good areas which can fetch reasonable rentals to cover the capital investment within 20 years.The situation gets worse if the residents do not manage the condos well,as it is most Management Corporations are incompetent and corrupt and not professionally run,they will degenerate even before their 30-40 year old life span,eventually serving as crowded hostels for foreign workers or become chicken farms like in the past.
Even most condos fetch returns of about 4 % on capital on average so the money can be better invested elsewhere.
So,spend your extra money on that gated bungalow you plan to retire in somewhere in Pahang,Perak or Johore.
The only people laughing all the way to the bank are the greedy developers out to maximise profits.
For the last few years Developers have been earning profits of 40 % and giving crap to consumers,so lets wait for prices to come down to their REAL values.
SPEND YOUR HARD EARNED MONEY WISELY AND BE SMART!


This post has been edited by Rampai Court Resident: Feb 22 2018, 12:47 PM

It is no wonder that the Johore government is so willing to allow a China Developer to reclaim land and build high rise FREEHOLD strata properties for sale to foreigners.Unlike HDB Singapore with a sustained maintenance culture,in 30 years all the high rise buildings will become slums and abandoned with the owners forced to sell their land at a fraction of the value of the residence they bought and the land bought over and redeveloped.
No wonder the China government wants to stop their people from buying nonsense as investments in foreign lands.
The people who stand to gain from selling all these strata properties are the developers,the Local Government with their Development Charges and Assessments and Quit rent,.the Federal government with their GSTs and stamp duties and the utilities companies like TNB and JBA with their contributions and running charges and of course the land owner collecting his share of profits.
Only dumb Johoreans will want to compete with even dumber China people for putting their laundered money into such useless wasting "assets"
Landed property though is altogether something else.
This is also how places like Dubai can turn deserts into pots of gold.
In the meantime lets focus on buying the affordable homes that offer real value and let the people with too much money burn themselves with the luxurious hype condos and Ponzi schemes and let greedy syndicates flipping condos lose their underwear.


This post has been edited by Rampai Court Resident: Feb 23 2018, 11:56 AM

Yeahh.....what a relief i didnt buy Tropicana Tropez Residence last time.

There are recent rumours,maybe fake news on the ground that DBKL has bulldozed thru the redevelopment of their 5 story mediun cost flats in section 2 E of Wangsa Maju,despite the fact that less than 80 % agree.
so we will soon have a lot of redevelopment in Setapak with 30 storey monsters in Wangsa Maju section 2 E,Sri Rampai 5 storey low cost flats,Jalan Tun Razak low cost flats as well as the private rampai court phase 1 (blocks abc)and of course bad air,traffic jams and extreme heat.And Jabbar the Hutt laughing all the way to the Bank with massive Development charges and political contributions.
So be prepared if you are living in low density affordable housing schemes,the successful developers are looking round for cheap accomodation to house flat owners to house temporarily while they wait 3 years for their new high rise flats.Later on they can develop the land or maybe even sub sale the land and make more profit.
Whatever you do,dont be a fool,get a licensed valuer to value the land and buildings and call for competitive bids for the land instead of being short changed by the sneaky developers and even more ruthless DBKL.
Its your land and nothing can be done until you surrender your strata title .The only exception would be if it is a DBKL managed project when DBKL can easily wash their hands of you by abandoning the management.

This post has been edited by Rampai Court Resident: Feb 26 2018, 07:58 PM

People of Wangsa Maju dont let go of the fact how DBKL washed their hands off you in providing affordable medium cost housing
for the poor come Ge 14 and remember to tell Jib and Jabbar the Hutt what you think of their plans to turn Wangsa Maju into a crowded high density nightmare with the collaboration of the MCA.
Since he and Jabber loves concrete jungles and pollution crowding and global warming,he should do it all in Putra Jaya ,the place built by his musuh ketat.


This post has been edited by Rampai Court Resident: Feb 27 2018, 01:52 PM

https://www.thestar.com.my/metro/metro-news...n-areas-withou/

Note ; this is about commercial properties like office space near LRT stations.



This post has been edited by Rampai Court Resident: Feb 28 2018, 10:20 AM

To all residents of Rampai Court Phase 2 :
On 11th March 3.00pm at the AGM in the basketball court near the MCA building in Taman Sri Rampai,do not give the mandate to the management to negotiate with potential Developers on redeveloping Rampai Court until they can prove that they know what they are talking about and their claims that the apartments are condemned,they are not.
Before any negotiations,we must know our own worth and this can only be done if the land and buildings are first valued by a registered valuer and the value used as a basis for negotiation .
Dont forget the land cannot be transacted unless 100 % of the co owners consent.Eventually we should open up the land sale to open bidding to get the best deal and can appoint a licensed valuer to carry it out like Desa Kudalari.
We are talking about a land and property transaction worth rm250m,RM 250,000,000, or quarter Billion, which must be conducted in a transparent and professional manner and not by MONKEYS and subject if necessary to the scrutiny of the MACC for any conflict of interest or CBT .
Pass the word on as most of the owners are simple, illiterate or semi literate people easily conned by smooth talk.


This post has been edited by Rampai Court Resident: Mar 2 2018, 11:08 AM

rm250,000,000.00!

Imagine the commission you can earn from brokering such a deal!
Every broker's dream and the road to a healthy happy retirement!
Just by direct negotiation with no competition or alternative choices!
There's a sucker born every minute!

This post has been edited by Rampai Court Resident: Mar 3 2018, 11:39 AM

Glad to found this post before it happen, i am 1 of the owner of phase 2 and i will be happy enough to Refuse this proposal. There are very little low density apartment like us surviving in KL. So lets keep it and try to make it better place to stay.
BTW, the current management of Rampai Court phase 2 is so Lousy! The cleaning service has become worst, the guard staff keep changing n changing, even the boomgate keep malfunctioning!

Seem you are a lawyer or solicitor, thanks for your writing and IF you wanna print a big banner to tell all the owner the risks. I am willing to sponsor some money for the printing.

Thanks!

thanks for your response!The current management is incompetent and not qualified and like all management of apartments everywhere,guilty of conflict of interest and corruption and apathy and not performing the job they are paid to do.
Please SHARE and spread the word to other owners of RCP 2.
I agree with you that we are owning a very rare and beautiful residential property with a very high potential land value that we dont realise,and many improvements can be made with correct people,just like the past management of the place.We should not allow MONKEYS to collaborate to cheat us of our homes and properties and we deserve the best deal!

This post has been edited by Rampai Court Resident: Mar 4 2018, 08:56 AM