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 Legasi @ BK8 Kinrara, Freehold DST

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888-Alien
post Oct 25 2022, 03:14 PM

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QUOTE(Stinga @ Aug 16 2022, 12:35 PM)
Thats completed legasi series. Im talking about legasi 4
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Out of the legasi series, Legasi 4 is slightly better in terms of land size, orientation, and exclusive
However the number of houses is lesser, which posses a little problem when RA is formed
I asked the developer and likely Legasi 1&2 share same entrance / exit, 3&4 are together, still I hope of all legacies can joint together under one RA
888-Alien
post Mar 14 2023, 03:28 PM

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Many seems not understand the condition in Bandar Kinrara, apparently BK has almost 10,000 landed houses built since 1992, I world say BK has the ugliest and most beautiful house layout in Puchong, 90% of BK houses was built with awful design, built up ranged from 1,280sf - 1,600sf (20’x70’, 22’x70, 22,75’ and 24’x70’ and 22x80’)
Legasi 1,2,3,4 has total units about 243 units which is about 2.5% of the total, the price is mainly driven by demand from Kinrara folks mainly, those who stay in BK1-BK6
If you ask me, RM1.5mil for Legasi is still a BB for me
888-Alien
post Apr 2 2023, 11:27 AM

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QUOTE(AgentVIDIC @ Aug 13 2022, 10:15 PM)
confirmed 2 guard house? saw some posts saying just one that will be shared by all 4 phases  blink.gif
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Legasi 1&2 = 1 guard post
Legasi 3&4 = 1 guard post

Eventually it leave it to Legasi 1-4 respective RAs to decide whether they want to joint together to form a big RA for managing the Taman, I see not likely Legasi 2 is blocked from accessing to Legasi 3
888-Alien
post Apr 2 2023, 11:29 AM

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QUOTE(lumdra @ Aug 18 2022, 01:51 PM)
Thanks! i realized alot of l4 people from LYN!
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I will PM my number

888-Alien
post Apr 2 2023, 11:52 AM

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QUOTE(panda@KL @ Mar 9 2023, 06:43 AM)
Overpriced.. location wise, it is still facing traffic jam.. need to pass through jalil highway.

Here no mature business park nor famous school. Only got 1 community mall pavilion BJ

Layout is normal only.

If buy at launching price, that’s reasonable.
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I stay in BK for 25 years, many outsiders don’t understand the BK market and wonder why the selling price for latest houses fetching such a high price
BK development stared in 1990, offering mainly single and double story landed homes, there are about 10,000 landed properties in entire BK now, I may say 80% of the houses are very bad in terms of facade, layout and quality, to be precise, the worse in Puchong, only when Harmoni phase (BK5) I&P realise the market needs and change the layout to a bigger build up (>1,700sf).
about 50% of Legasi series purchasers are domestic market, they are staying in BK for years, that drive the price to a new height, I reckon the price is still reasonable at RM1.5 mil judging from few perspectives:-
1. Location (Proximity)
2. Building quality
3. Futuristic design
4. Density (Gate-to-gate width 50 feet)
5. Sitting above sea level 50m
6. Landscaping
7. >2,000sf built up is so rare in BK market (<10%)

My 2 cent
888-Alien
post Apr 3 2023, 12:49 PM

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QUOTE(rumahwip @ Apr 3 2023, 11:43 AM)
legasi is individual title and no DMC, right
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DMC only applicable for stratified properties, a very rare case is Kinrara Residence (link) with individual title come with DMC
That is because a clubhouse was built in conjunction with Palmiera and Ambrosia (SD and Bungalow) which are stratified in ownership, the link houses hv vested interest on it, hence a DMC was purposesly designed to accomodate the needs
888-Alien
post Apr 3 2023, 12:58 PM

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QUOTE(jasperng @ Apr 3 2023, 10:50 AM)
I heard developer wont be providing the guard post .. RA will need to come together to build the guard post.  I guess it's more beneficial to combine one RA to manage both Legasi 1-4 to ensure consistency and quality.
Agreed.  Point 5 is important given klang valley has flood risk.

alot of upgrader within BK residents it self.

With more projects  are building up near Pavillion, it will increase the quality of life of this area.
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Precisely, an RA need to be formed under ROS.
It is good that the purchaser can get together to discuss this matter as security is top priority, according to my experience, I&P will accept request from respective RAs (new launches) for setting up guard post, RA’s role is to apply TOL from land office, this is usually carried out by developer in the name of RA.

Legasi 1&2 = 156 units
Legasi 3&4 = 87 units
If 156 units alone, 3 guards for morning and 3 for night, current rate is about RM9.00/hr, hence security charges is around RM130/household, RM150.00 monthly collection is a fair rate, if for me I would suggest RM170.00 for miscellaneous

888-Alien
post Apr 4 2023, 08:13 AM

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QUOTE(Sir_Jim @ Apr 3 2023, 11:44 PM)
What if some of the owners don't want pay the fees, will the remaining be still paying for it?? Will there be any perimeter fencing, just those wave hand security?
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Nothing much can be done if some owners refuse to pay, it happens to many Tamans, there were about 33 RAs exist in BK in the last 27 years, it started since 1995 in BK4, since then almost 50% already ceased, life span less than 10 years.

In order for RAs to be strong, a few factors needed
1. Number of houses (the bigger the merrier, it lower the collection fees)
2. RA needs a “jantung” - The existence of management office, this is quite rare in the market, Managemnet office only exist in stratified property, but only a handful of non-stratified Tamans practice it, it is extremely important, I can share my experience.
3. The design of the guard system is crucial, it tackle non payable residents, so far the court favors Tye RAs, many attempt to challenge the RAs were failed.
4. Anti-climbed fence will be erected by developer, this practice started since Desiran phase back in 2011, Legasi series will be fully fenced.

Not too worry about non paying member, in general many new purchasers are more collaborative and supportive, it all depends on the unity & harmony of the neighborhood, need a plan.

888-Alien
post Apr 4 2023, 10:12 PM

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QUOTE(rumahwip @ Apr 4 2023, 03:05 PM)
if no DMC, dont tink is legally binding
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DMC only cover public area like pool facilities
For Gated and Gated landed, it covers guard post, fence, garden facilities, street light etc
There are many version of housing in Klang valley
1. Gated and Guarded (DMC + MO)
2. Fence and Guarded (Guarded neighborhood) (DMC) (W/Wo
MO)
3. Fence and Guarded (Guarded neighborhood) (W/Wo MO)
4. Guarded neighborhood
5. Fence neighborhood
6. Normal Taman

888-Alien
post Apr 4 2023, 10:15 PM

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QUOTE(47100 @ Apr 4 2023, 02:15 PM)
can you share how to tackle non paying residence? they might have many reasons behind it...
anyhow they are not legally oblige to pay right?
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Hard to explain, every Taman has it’s own collection problem
Need to look into the structure of the community and resident’s cooperation, RA is damn hard to manage, residents are naive, their attitude determined how long a RA can sustain
888-Alien
post Apr 6 2023, 12:02 AM

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QUOTE(jasperng @ Apr 5 2023, 10:06 PM)
One of our owner in Legasi 2 generously prepared comparison of the potential setup for Guard house for Legasi 1,2,3 and 4. Whether legasi 1 and 2 guard house should be separated or shared with legasi 3 and 4.

Would definitely love to gather opinions on these options as below
Personally RA should work towards having gated community as it will increase the future value of the property due to demand for gated housing is always rising.

[attachmentid=11457446]
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I share the same thought, indeed a better version is Legasi 1&2 for Residents and visitors, Legasi 3 & 4 for residents (auto RFID), so morning 4 guards, night 3 guards

7 x 10/hr x 12 x 30.5 = RM25,620
Security fees per house = RM105.43
To play safe, RM150.00 is better, there are some other hidden cost
888-Alien
post Apr 7 2023, 09:10 AM

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QUOTE(alen_wong38 @ Apr 6 2023, 06:07 PM)
my 2 cents, rm10 per hour rate might not be possible. currently most of the guard hourly rate are rm12 in average because that has to factor in OT and public holidays and etc.
The other cost to be considered are CCTVs purchase and maintenance, boom gate maintenance, electricity bills for guardhouse, mobile toilet for guards, and VMS app subscription fee (like Jagaapp and etc). rm150 per month budget might be a bit tight tbh.
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Many security company claim that their Nepalese guards are Gurkha ex army soldier, this is bullshit, but Nepalese guards are generally better than local guard which is more disciplined and patience, my Taman is lying RM9.50/hr now, a rise of RM0.50 every 2 years which I think is acceptable.
Usually a new RA pro tem can have 90% of residents to join as member, the remaining 10% is depend on the efficiency of the RA’s operation to convince them.
While Legasi 1&2 are getting their keys now, I do suggest that Legasi 3&4 owners join to discuss this matter, someone need to champion this.
888-Alien
post Apr 7 2023, 09:24 AM

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QUOTE(jasperng @ Apr 6 2023, 05:13 PM)
Yea I also leaning to option 4 , but 3 and 4 should still have one guard to ensure no walk in through the barrier.

120-150 are quite fair. Again as you mentioned the issues are always collection and how strong the RA able to convince owners that have gated are beneficial not only for security but the future values of the property.
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Precisely
Security is the most important part for new purchaser’s concern, once the security is absence, property price may drop 10% immediately, this happen in many existing BK old phases i.e BK1-5, vice versa once a guarded system is established, a particular Taman may raise the interest of house buyers, hence property price will increase gradually in long term.
The main reasons that causing RA ceased are :-
1. No volunteers
2. Collection rate drop below 40%
3. Mismanagement
4. Disharmony among residents

888-Alien
post Apr 7 2023, 09:49 PM

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QUOTE(rumahwip @ Apr 7 2023, 10:57 AM)
just wonder, which legasi did u brought?
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I am not the owner but friend does purchase
888-Alien
post Apr 7 2023, 09:55 PM

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QUOTE(alen_wong38 @ Apr 7 2023, 03:19 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.
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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
888-Alien
post Apr 8 2023, 01:15 AM

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QUOTE(Hermes Aspiration @ Mar 22 2023, 07:45 AM)
No, I never expect price will drop because one can find it at below RM 1.4mil and I not interested during RM 1.3mil nego due to some feng shui matters. Someone mentioned at RM 1.5mil, it could be asking price before nego or someone bought it desperately.

The DSTH near Irama side is slightly better because nearer to golf side, but the only disadvantage is lower land. I forgot that one is 100+ or 200+ units of 22x80.

I personally feel don't rely on KL Wellness City because it was a difficult project to be fully materialized and take longer tenure to complete. Pavilion BJ could be the factor.
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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.
888-Alien
post Apr 9 2023, 11:05 PM

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QUOTE(IronManz @ Apr 9 2023, 10:48 PM)
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.
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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

888-Alien
post Apr 10 2023, 10:11 AM

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QUOTE(IronManz @ Apr 9 2023, 11:35 PM)
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
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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.

888-Alien
post Apr 10 2023, 11:12 AM

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QUOTE(jasperng @ Apr 10 2023, 10:40 AM)
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
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Bukit Jalil has 3 large plot of land remaining
1. WCT - 70 acres
2. MRCB - 300++ acres
3. Land opposite Pavilion - 70 acres +-
888-Alien
post Apr 10 2023, 11:00 PM

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QUOTE(rumahwip @ Apr 10 2023, 10:26 PM)
which semi d in the vicinity?
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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

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