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 Gated & Guarded Bukit Tunku / Damansara Heights, RM 5m Budget For Semi-D

Which is the best gated & guarded development in these areas?
 
Tijani 2 South [ 6 ] ** [30.00%]
Beringin Residence [ 5 ] ** [25.00%]
Seri Beringin [ 9 ] ** [45.00%]
Total Votes: 20
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TSchesterst
post Feb 13 2019, 08:35 AM, updated 7y ago

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Hi everyone. Need expert advice - with a budget of RM 5m to be spent on a semi detached home in a gated and guarded development in Bukit Tunku or Damansara Heights, which one is most worth it in the long run? Appreciate if you could state reasons and living experience in these gated communities (if any). Thank you 😊

This post has been edited by chesterst: Feb 13 2019, 08:36 AM
TSchesterst
post Feb 14 2019, 08:28 AM

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QUOTE(Bjorn1688 @ Feb 13 2019, 10:29 AM)
Is the rm5m inclusive of renovations and furnishings?
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Excluding, could spare some for renovations / refurbishments

TSchesterst
post Feb 15 2019, 06:53 PM

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QUOTE(Bjorn1688 @ Feb 14 2019, 12:34 PM)
Don't know about the other 2 but could tell you a bit on Beringin Residence.

Overall it is a decent place to stay though some units can be a bit noisy from road noise. Area won't remain the same for long with Pavilion coming up pretty soon.

Overall place is well maintained and a very decent neighbourhood, nearly every tenant is an expatriate from a Western country, many are pensioners.

Prices have come down from its peak and will mostly either keep pace with inflation or post modest capital appreciation but shouldn't be important if you are buying for your own stay.

Like most strata semi-d, this one is mostly a semi-d in name only. Some units have a long but narrow living room which isn't something I care much for but it is still of a respectable size. 3-storey units aren't suitable for families with young children or with senior citizens with knee issues as it has an unusually long and steep stairway, presumably it is there to remind you of the place it is modeled after.

The facade, reality of it is this is a modern interpretation of a London townhouse and it is either you love it or you don't. It isn't that good in tropical climates due to lack of overhangs therefore rooms will be a bit on the hot side but nothing some money cannot solve.

Lack of parking is a major issue for multi-car households. Some units have 2 and some have 3 with I think 1 or 2 that has 4 car parks. Visitor parking minimal.

It is one of those places you buy because you like it as you could get a bungalow in DH area for the asking prices.
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Do you reckon the completion of Pavilion Damansara Heights will have negative implication on Beringjn Residence due to its close proximity? The main will will surely get busier than it already is.

TSchesterst
post Feb 16 2019, 10:23 AM

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QUOTE(rastablank @ Feb 15 2019, 07:38 PM)
Why not try checking Damansara Idaman, with RM5 mil, you could get a bungalow there. Tropicana is an affluent neighbourhood as well  smile.gif
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Thank you for your suggestion. Damansara Idaman is a little too far out and doesn’t have KL address unfortunately.
TSchesterst
post Feb 23 2019, 06:33 PM

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QUOTE(Bjorn1688 @ Feb 15 2019, 11:38 PM)
It won't be significantly worse than it is now. PDH though a big project isn't really that high a density of a project and it is unlikely to ever have 100% occupancy rating. BR will be one of the nearest landed developments, some owners believe there could be an influx of companies looking for rentals for their higher ranked executives and BR would be at the right location to be in the radar.

My old man that owns a unit at BR, like many other BR owners do believe PDH development shouldn't be seen as something negative.

If noise and vibration is the only concern, all you have to do is change the windows and do a sound deadening panel for the walls that face the main road.
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Your old man’s is the odd number side or even number side? Terraced or semi D? How’s the rental returns

TSchesterst
post Feb 24 2019, 09:00 AM

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QUOTE(Bjorn1688 @ Feb 24 2019, 02:57 AM)
His is a semi-d even numbered one.

Rental returns, if I'm not wrong the tenant is paying RM10000 per month for it and tenant pays for the maintenance fees. They've rented it since 2010. Never raised the rent but gradually we made them pay the maintenance fees. It is a bare and basic unit.

These days not easy to get good rental returns there unless you are willing to spend some big money upfront on ID, furniture and fixtures. Big money here is closer to RM250k and above.

Recently one of the neighbour units went on sale, asking price for RM4.3mil. Bank valued at RM4.6mil. Owner will take RM4m. Agent selling it could arrange a tenancy for RM16k per month through a Japanese MNC but requires close to RM300k in ID works done to it. As is it would probably rent for around RM10-12k.
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Tenant stayed there for almost 9 years? They must be very happy with the house and living condition there! Curiously how much is the monthly maintenance?

TSchesterst
post Feb 25 2019, 10:44 PM

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QUOTE(Bjorn1688 @ Feb 24 2019, 06:47 PM)
Yes, this couple has rented homes from him for 16 years now. 9 of it in this house. He did offer to sell the house to them but they declined preferring instead to continue renting. They are allowed a lot of freedom as to what they can do to the interior of the house though so that's probably part of the reason they have stayed on.

Nice couple.

Maintenance = RM.30/psf. Definitely worth it especially when the roof starts to leak.
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That’s a very long time. Expats? Having reliable tenants are delightful for landlords. If your old man bought his from developer, was it less than RM 2m then?
TSchesterst
post Feb 27 2019, 11:24 PM

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QUOTE(Bjorn1688 @ Feb 26 2019, 01:11 AM)
The tenants are an elderly English couple. He always puts it that he is lucky to have them as a tenant.

Not sure how much he paid for it as he was one of the engineering consultants for the developer.
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Thanks just realized you replied.
There’s a corner terrace unit in the market, was told deal could be done under 4m pretty motivated seller. Can park three cars side by side like the semi D units. I’m concerned about the very limited parking bays they have for visitors. I think only 3 or 4 on the slope next to the guardhouse. I wonder why didn’t the developer have more.
TSchesterst
post Feb 28 2019, 12:29 AM

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QUOTE(Bjorn1688 @ Feb 28 2019, 12:04 AM)
I am familiar with that unit. Been on the market off and on for the last 3 years. Owner used to be asking crazy price for it. Surprised they will take less than 4m for it now. Its a nice unit though.

Why so little carparks? It pays homage to most Victorian and Edwardian era homes that didn't come with places to park cars and it is still that way in many parts of London, on street parking only.
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We are referring to the same unit right? Terrace corner odd number on the higher side of the development? I suppose you’re more than familiar with the whole development.

I understand where you’re coming from about paying homage to those London townhouses. It’s almost like a cut and paste job from Kensington Green. I was told the communal spirit in the compound is quite high and everyone knows each other especially friends and family of the developer who bought theirs first hand.

TSchesterst
post Feb 28 2019, 08:20 PM

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QUOTE(Bjorn1688 @ Feb 28 2019, 02:36 PM)
There is only 1 corner unit terrace for sale, think the semi-d corner is now sold.

Direct from developer, 8 units were bought by foreign buyers, 5 were retained by the developer, 3 were for the consultants. The rest were purchased by local investors and owners who are now occupying it.

It is a close knit community which is very different from a Kensington area house in London. Few trouble causers about including one that sits as a committee member of the JMB.
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JMB committee member trouble maker?

TSchesterst
post Feb 28 2019, 08:24 PM

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QUOTE(Bjorn1688 @ Feb 28 2019, 02:36 PM)
There is only 1 corner unit terrace for sale, think the semi-d corner is now sold.

Direct from developer, 8 units were bought by foreign buyers, 5 were retained by the developer, 3 were for the consultants. The rest were purchased by local investors and owners who are now occupying it.

It is a close knit community which is very different from a Kensington area house in London. Few trouble causers about including one that sits as a committee member of the JMB.
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5 retained by the developer - 3 for consultants means the other 2 were the bungalows at the end?
TSchesterst
post Feb 28 2019, 10:52 PM

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QUOTE(Bjorn1688 @ Feb 28 2019, 09:26 PM)
Oh yes, she is the worst type of neighbour to have in this type of developments. Thankfully this year is her last term.
The bungalows weren't retained as they were the first to sell, retained units were what was left 3 months after launch.

Project did not sell anywhere near as quickly as the developer and land owner had anticipated.
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Wait a minute. The bungalows are definitely retained by the developer. Landowner is the same group which owns a large stockbroking company right? Developer became associated to the landowner because father sits on the board of landowner’s holding company. Also related to current PM through marriage. The Malay developer took the bungalow facing the road, the other one took the one across.
TSchesterst
post Mar 1 2019, 02:13 PM

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QUOTE(Bjorn1688 @ Mar 1 2019, 01:31 PM)
It's a bit more complicated than that smile.gif

Will PM you on it.
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Okay

 

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