Hello!

I have been researching a few developments and looking to get an investment home but deciding between these 3 developers. Anyone got feedback on their pros and cons? They seem to have some new affordable housing coming up.

Only s.a follow developers.

This post has been edited by icemanfx: Mar 11 2020, 04:42 PM

London

what do you mean?

Ijm just secured their seat in TRX residential tower leh

https://www.thestar.com.my/business/busines...-razak-exchange

Of all three, i would definitely place LBS at the last tier.

Kinda like a toss between IJM and Mah Sing -- IJM is abit more focused on townships, so there are boosters you can hope on to push prices higher.

MS tends to go rambo, buying random land plots here n there and then build those 40, 50-storey high shoeboxes to maximize ROI in a short period of time

More importantly, price and location is far more important than who the developer is lah

From my past experience, Mah Sing is a NO NO.

They build flat and sell at luxury condo price.

This post has been edited by RDPD: Mar 12 2020, 08:32 AM

Hmm. have u had any bad experience with LBS? I was actually looking at their project at Puchong... the price seems not bad.

Mahsing handover quality is apis of shit

I heard that before also. But dunno how bad is it because never buy their homes before.

You can try search for their previous project in this forum and see the comments from the owners.

bumping to follow

So mah sing totally NO?
I also want to buy M adora, ms project at wangsa melawati..
but ohh too many bad review for ms then until now still ‘thinking’ 😩

Their material is good
Their workmanship is so so
Their project is high density
That's it

Mahsing is good as they know what people wants. People want freehold, affordable price, standard facilities, and facing north or south. Workmanship wise u can complain until they fix everything for u when u get ur keys. I would say go for mahsing if they meet ur expectation.

Affordable housing? Why dont you list down the projects?

IJM and Mah Sing have more projects compare to LBS.

IJM core business is construction, but not developer. However, they are similar to LBS, they built townships compare to stand-alone high-rises like Mah Sing, who acquired land and immediately built more projects with 3-5 blocks.

If house, I will go for IJM, they not famous for quality or so but they built simple house on individual title and leave you room to spend more for renovation or alteration if you wish to. They dont sell the price tag like Gamuda, EcoWorld, SP Setia, Sime Darby or even Exsim.
If highrises, they dont launch massively or high densed like Mah Sing. They have some high end condos too.
However, Mah Sing's projects are modern in all general aspects, easy to accept and attracted plenty of first time home buyers due to hefty rebates. Their quality is not so good for most of their projects, including Kinrara Residence Puchong and Alam Perdana Klang.

LBS are more modest and focus on low cost and medium low cost back then, one decade back, they seems restructured and focus into Bandar Saujana Putra and explore to build medium end condo with modern facade. But their location is basically far, including their Puchong project but except Bintang Residence in Bkt Jalil.

If you talk about affordable housing, perhaps I choose IJM as a developer but LBS due to their expertise.

Actually I'm also not 100% sure, still doing some research. Haven't properly compared everything yet. But it seems now the coronavirus will put my house searching activities on hold. Do you think it will affect housing prices significantly? I'm looking at M oscar and Bintang Bukit Jalil. Currently I'm staying around seputeh area and thinking these two projects are at a good location as I work around this area.

No worries if you are not 100% yet because normally when a potential buyer provided a wide area and different location of housing, there would be plenty uncertain choices.

You may narrow down by selecting the needs of your lists and which comes as priority;
- You have the desire condos list (M Oscar & Bintang BJ)
- Location
- Accessibility (be it to work, amenities, family needs, so on)
3 above are priority which which is the most of the most.

Some buyers would able to narrow their lists once they decided on the project itself or the location itself, especially with family members.

The price range you're looking at is consider mass market range although reality not consider affordable for most people. In such situation, you can continue research activities bcz if you are buying for own stay, thats no problem. If investment, continue to hold until clearer picture for the economy impact.

For under con property, you only need worry if the price increase or package revised, or desired floor bought by someone else. Even very bad economy period, developers still will increase price or cut discounts, if not how old buyers are happy? Until they reached red zone period, which is months before completion + no cashflow on hand, they may go all out to throw higher discounts or find agents to clear it as much as possible, even at lost.

If you're looking for subsales, I personally believe the price will continue stagnant for the segment you're looking at. That's thanks to Moratorium which helped some of the fire hand buyers to delay 6 months payment which almost equals to delayed 6 months rush sale. But, still but to those who unable to tahan installment before MCO, already breaching 90 days default payment and not available for Moratorium option, their unit from almost lelong will even quicker to become fire lelong.

I've personally looking into few options to those newly VP just around 6 months, I noticed there are plenty fire sales selling below their acquisition but I will hold for further due to Moratorium. Short term basis, i believe price adjustments.

Based on affordability and expertise I was looking at LBS Bina propterties. Due to the Covid-19 issues, cost has become as equally an important factor as location.

Does anyone have experiences with the LBS BINA mid range housing and condos?

Can't seem to find much information on other forums. Or any recommendations for other affordable housing investments?

Sometimes having too many to choose from can be rather confusing haha.

Ahh! I just noticed my earlier reply didn't go through. Thank you so much for your explanation DavidKool! I've thought about it and feel yeah, probably should hold for now as things don't seem to be improving. But it's probably a good time soon to buy for self stay.

https://docs.google.com/forms/d/e/1FAIpQLSf...form?usp=pp_url

Just a general survey to understand what people are looking for in the market.

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Ijm land is doing quite well in Pg island