For the 2.5 storey link house, Caffra, Crista, Fusca, every subsequent phases increased about $10k. Price did not increase much I must say.

Investment wise not so good for short term flippers.

Sometimes during daytime, visible smoke could be seen coming out from those chimneys. Most of the time they look okay to me.

Hopefully, it does not deteriorate during the night when visibility is poor.

Would say that the response is excellent even with current market sentiment.
Guess most are buying for own stay.

Precinct 11 comes with gates n fences, no?

Agree. Nowadays SA landed props no more suitable for flippers.

Even the medium cost apartments subsale will face tough competition from the Rumah Selangorku units in the future. I believe most potential medium cost own stay buyers would be trying to get a RSK unit now.

Although individual title, dmc could be enforced to solve the maintenance fee problem.

You mean even though after the purchaser signed the DMC and decides not to pay the maintenance fee there wouldn't be any consequences?

My understanding is that the DMC is signed between the purchaser and the developer. Under the DMC all rights and responsibilities of purchasers and developers will be spelled out including matters related to the usage of the common properties, payment of maintenance fees, security services as well as the running of the management company.

In theory the gated community concept depends on the principle of mutual consent of parties to the contract. Thus any non-compliance with the contract will enable the innocent party to initiate civil action.

Having said the above, however, I do agree that the DMC is not enforceable on the sub purchasers.

There was an article which highlighted a case on individual title GnG. A particular comment in the article attracted my attention the most reads as follow:

“The bottom line is there is no law governing the collection of service charges for this type of project except by a contract between the developer and the first purchaser,” says Lee. “After sub sale, the enforcement will be a problem. Without money all the facilities would not be able to be maintained.”

http://www.starproperty.my/index.php/artic...-by-developers/

Thanks Sam Gor for the detail explanation.

Sometimes, there is problem of investor owners who refuse to pay by reasoning that they are not staying there, especially flippers that just leave the house empty for several years. That is what currently happening in my GnG neighbourhood.

Latest update, 2.5 storey link hse Fusca sold out, 2.5 storey cluster hse Montana 20-30% sold.

Indicative price $650 psf woh.

I thought 1st high rise in SA is Trefoil?

This post has been edited by klangvalleyrookie: Oct 5 2015, 06:38 PM

Would that justify the higher price? Maybe some will think so.

I think more appropriate to say potential buyer of the latest 32x70 cluster hse at 1.17 mil plus, should also consider setia damai 16's 34x75 cluster hse at 1.2 mil plus. Both having about the same BU and price is very close to each other too.

Of course, new launch units have lower entry cost, but subsale units can moving in almost right away.

That too.......

What I'm trying to say is potential buyers should always keep their mind open, don't restrict yourself. By doing that, you'll realize that there are much more options to choose from. Everyone has their own preferences. At the end of the day, choose what is most suitable for you.

This post has been edited by klangvalleyrookie: Oct 5 2015, 11:10 PM

Yeah, SA not suitable for short term flippers anymore. But okay for long term investors and for own stay.

That's a food for thought. U never know, I far as I know, there are some hardcore Tan Sri LKS fansi out there.

For flipping game, I would advise going to the subsale and auction market to look for good deals.

Low risk........ It would be low risk if you have done your homework and know what that you are doing.

Ic........ you are right in that sense too.

Well, for myself, I eagerly looking to chap sei kai too.....

Actually, there were already townships with well planned and innovative concepts similar to what being done later by LKS before he became well known.

He came to the limelight when making SA an over whelming success when everyone else thought he would failed. SPS bought the SA land from See Hoy Chan. Just imagine being a veteran in the property scene, SHC chose not to develop the land by itself and in the end, LKS whom was not that well known at that time made SA into an overnight success. That really creates a big impact, no? If I'm not mistaken, SA is one of the largest townships in KV till today.

Yes, LKS has guts and very innovative, I'll give you that. Just look at all the latest launches in EW projects, EM and ES in particular. So many new innovative products that we have not seen before in the past. It makes EW's products special and differentiate themselves from the competitors so that they don't have to compete on pricing alone. Also, most people like to feel special, no?