good to know nepalese is the one to look for.

yea L1 and L2 will set precedent. Hopefully the RA can be strong so L3 and L4 can follow too! we definitely need more L1 and L2 owner to join telegram group. The more the merrier. please do inform if any one know L1 and L2 owners which not joined owner group


Agreed.

duplicated post

This post has been edited by jasperng: Apr 7 2023, 12:32 PM

I have been dealing with security companies as I was in the JMB/MC for my condo for more than 5 terms. So, RM9.50 is depending whether the market has sufficient workers, consider foreign workers are limited currently post covid era. Local security guards are not that bad as I have been dealing with them as well. To be honest, i trust local security guards more than foreign/Nepalese guards, because like you said, they are not ex army or whatsover for this price range, Gurkha ex army security rate is at least RM15 per hour.

For now, SP Setia will take care the security. L1 already VP, not sure about L2 or L3. Only when L4 is VP, then we can only decide how many entrances, else it will be unfair to them as well. That's my 2cent again.

I am not the owner but friend does purchase

Just let Legasi 1 & 2 owners set up their RA, from my experience unless someone willing to take up the task, if not it may wait 6-12 months or 30% occupancy rate after VP to initiate the RA forming, mostly watch and see.

SP Setia is not likely to handle security issue

In general BK8 land is high at 40m-50m, which is silmilar to BK5 Permai and Desiran, BK1-BK4 are around 30m,
For wellness city, after I visited the site during the official site opening, I don’t it is a good bet, developer is very vulnerable, with 28 acres of land projecting RM11BN is crazy and u realistic, Pavilion City of 60 acres only hit GDP of RM8 Bn, I told the sales lady that the project is very risky.
And to my expectation 70% of the said parcel being alienated and sold to 3rd party.

If it takes a long time to develop the integrated city, by the time it does, there won't be many years left in the lease. Going for freehold integrated developments is more worthwhile.

I don’t see leasehold is a big issue
If the location is the same, and the price is different by 10%-20%, take freehold for sure, however different by 30% or more, leasehold could be a good bet
Many people can’t really figure out how long is 99 years
- Imagine if a man purchases a leasehold house at age 30, the lease remains is 99 years, assuming his son just born
- assuming he lives till 80 years old, the lease remains 49 years, his son already 50 years old, his grandson already 20 years old
- after his son pass away at age 80, the lease remaining 19 years, the grandson is already 50 years old, the great-grandson already 20 years old
and so on…

In short, a 99 years lease is able to let 5 generations to stay

When come to the expiry date, the current cost of renewal is about RM30,000 for another 99 years (5 generations)

I foresee Bukit Jalil will overtake Mon’t Kiara as more vibrant city in 2035-2038, my guess

You're right, if we aim not to sell it off. For an LH property with not many years remaining, may be harder to sell / buyer to get loan

Leasehold property is usually cheaper, if you own a leasehold property which has lease less than 60 years and wish to dispose it, you may opt for to 99 years renewal with paying premium, top up remaining years till 99, Selangor land office usually will approve your application, unless that the government has specific project that need to take back the land, but in this scenario, freehold property is not perpectual under NLC compulsory acquisition.

Freehold property is limited now and not cheap, wisely choose the house to stay, for property buyer who look for own stay, location shd come 1st, then only think of future appreciation issue.

Own stay for own generation is ok. For it to last until future descendants will have to consider the FH LH factors.

Foresee first year everyone probabbly busy with own renovation at their house . It will take time to form RA and start the discussion

Yea ... bank generally wont loan if the tenure is 60 y and below ..

i dont bet on kl wellness. to me it's a bonus to have. it is a risky bet as we still dont know if tourism medical will really work. Make or break . nevertheless , that area indeed need a hospital to complete the amenities required for a successful township.

Bank
school
hospital
Mall
Park
lrt

This post has been edited by jasperng: Apr 10 2023, 10:49 AM

Bukit Jalil has 3 large plot of land remaining
1. WCT - 70 acres
2. MRCB - 300++ acres
3. Land opposite Pavilion - 70 acres +-

Where’s mrcb land?

The one opposite pavillion is phase 3 technology park

Waiting for more development to make the place more vibrant !

Where are the locations of the first 2?

The 3rd one is not wellness city?

With this price can buy bigger glorified semiD. But again, their money, they have all the rights on how to spend it 👌 pavilion bukit jalil has been a huge selling point to all the property in bk and bkt jalil.

which semi d in the vicinity?

There are some old Semi-D within this price range in BK2 & 4, sandwiched between link houses, the Semi-D is not an ordinary 40’x80’, the build up is around 1,900sf, very small, good access but don’t expect good environment, no security, normally buyer will fork out another 500K-1.0mn for renovation

TPM is undergoing another redevelopment called MRANTI, so called technology, start-ups and innovation, span over 686 acres where the government is going to spend RM500mil for upgrading, expected GDP of RM20bil, after 30 years of technology park failure, this is another project from those cronies to pocket in money from government grant, all talk cxxx, the takeover is before the previous election, unless the new government which seems more prudent under current team redesign it and let international players to joint develop, it is going to fail again, my take.

MRCB is probably come up with another shopping mall named Sport Wellness Mall opposite the stadium