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 Mont Kiara Allevia by UEM SUNRISE

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SUSAsquith
post Aug 10 2020, 10:51 AM

On my way
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Any idea when floor plans would be available on this one?
SUSAsquith
post Aug 10 2020, 11:02 AM

On my way
****
Junior Member
647 posts

Joined: May 2020
QUOTE(leewaihoe @ Aug 10 2020, 10:53 AM)
I heard within the next two months from the SA. Definitely launching before October.
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Not too long away then.

Guess with the sizing it would be a good alternative to Trinity Pentamount which was the last MK project we considered but it was a project that somehow did not tickle our fancy mainly having to do with the surroundings and felt the SAs were too keen to push on its features and decorations rather than what mattered to us.
SUSAsquith
post Aug 10 2020, 06:10 PM

On my way
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Joined: May 2020
QUOTE(leewaihoe @ Aug 10 2020, 11:08 AM)
Would you mind elaborating on what the SA did? I am currently applying for a loan for pentamont actually, but will pass on the deal if I can’t get at least 80% financing.

After which I’ll look at allevia or astrea.
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The one thing I disliked about TP was the way it was presented, it felt similar to a Proton salesman trying to convince me that China made X70 is actually a Volvo by highlighting the features within it that could be used in a Volvo. It did not help that the show unit gave out that aura that it was designed for someone flamboyant. It basically felt like a place where my neighbours might be the type of persons who drove reconditioned BMWs with big and shiny 21" wheels but second hand or China tyres. It felt that too much emphasis was placed on the facilities. I did not particularly like how they would tell you the rebates available but when you select a unit then told the rebate on it is lesser.

Finally the real reason why we did not buy one was it was right smack at the border of MK and Segambut Dalam. It will always have that distinction of being Segambut Dalam rather than MK.

QUOTE(leewaihoe @ Aug 10 2020, 11:11 AM)
Would also like to hear what matters to you in buying a home in MK as I’m in the same situation as well
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When buying a home in MK, the first thing to decide is do you need such a well connected location as it is very central to many places it is a 15 to 20 minute journey to just about anywhere of importance. Do you like that vibrancy that comes with such locations which also means crowds, traffic and noise. The next is do you actually like the layout of the property and the flow of the space, remember you are paying a premium for the space. Something to take into account is schooling for your kids. The next is do you like the developer and its track record. The next is does the surrounding area match your lifestyle, are you the type that prefer shopping in a wet market or are you fine with nearby places being more high end and are you fine with most services nearby being of the higher end variety.

Finally for me personally as someone that manages for the family properties in Bangsar, DPC, KLCC and MK the most important factor is do you like the property. If you do and since it is your money no one can tell you that it is a wrong choice.
SUSAsquith
post Aug 10 2020, 06:36 PM

On my way
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Junior Member
647 posts

Joined: May 2020
QUOTE(leewaihoe @ Aug 10 2020, 06:27 PM)
Thanks for the detailed response!

TP was introduced to me by someone who doesn’t work with the developer, maybe that’s why I didn’t experience what you did. I really like that it’s dual entrance, with the main entrance being on JK5. Quite hard to find the same value proposition with other properties (something like R22). It’s also still quite near GIS, which is another plus point. I hate the showroom though, from the videos I’ve seen online. Too flashy.

The only ‘con’ so far is trinity is unknown in the area. They’ve done well for prev properties but this is their first high end one. in that sense, it’s quite a gamble.

I guess what I’m concerned about is if something like Allevia can be rented out since it’s far from most things in MK.
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Renting for profit? Forget it. Renting to cover interest and management fees? Difficult for bigger units. Renting to cover interest. Easier but not easy these days as so many choices available in the area and even more difficult for landlords that are very choosy of the tenant profile.

That's my experience renting out Arcoris and Palma.
SUSAsquith
post Aug 11 2020, 12:02 AM

On my way
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QUOTE(leewaihoe @ Aug 10 2020, 06:40 PM)
Nah not for profit. Just to cover part of mortgage. I’m buying with intention to stay in the future. I’m currently working in Singapore at the moment and intend to work there for maybe another 10 years before settling down in MY again.

I thought arcoris was doing well? Is that not the case? I might have been misinformed.

I’ve looked around the rental units, tbh, not furnished super well either. I think In terms on how nice the units are, it’s quite easy to beat.
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Arcoris? Nope. It is as good or as bad as any other MK condo of late.

Plenty of units have been empty since VP without tenants. Most are struggling to get a viewing and my family's unit is one of those that has yet to have a tenant since VP and no sign of that changing anytime soon as we have not even had an enquiry on it since October. While the enquiries we did have prior were mainly time wasters or other agents. Good thing we had DIBS and we bought it mainly by selling off a unit at MK Bayu.

I thought you were buying for immediate stay, I would not buy a condo today if I wanted to live in it 10 years from now as by 5 years most condos look aged and feel as if everything is on the verge of falling apart. Better to put money in a landed house and in 10 years time either live in it or sell it off and then buy a newer condo.
SUSAsquith
post Aug 11 2020, 12:41 AM

On my way
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QUOTE(leewaihoe @ Aug 11 2020, 12:18 AM)
I had the impression that Arcoris was 80% occupied. I was told by a SA. You have a unit in Arcoris?

Yeah I think you’ve raised a good point. Making me reconsider this decision. I’ve considered buying landed, but something that’s new is also very far from the city. MK location is really very good.

For the units that you have in MK, how has the maintenance been? I heard UEM is solid in this regard. Idk about Trinity though.
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It would be an owner's dream if it had an occupancy rate of 70% but occupancy is under 50% as of July. The unit belongs to the family trust, not mine personally.

The original Sunrise condos are very well built and very well maintained. This is especially the case with those that have a high percentage of owners and long term tenants, these tend to have a lot of big units within the project. However it will show its age in terms of the layout and facilities will also look used though not necessarily abused.

The newer ones by UEM are better built than other condos but not near as well built as the earlier ones. Maintenance are a hit and miss. Some are definitely better than others especially those with more owner occupiers.

In your situation, I would seriously look into buying a subsale landed DPC landed house instead of a MK condo.
SUSAsquith
post Aug 11 2020, 01:04 AM

On my way
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QUOTE(leewaihoe @ Aug 11 2020, 12:54 AM)
I’ll check that out. Not too keen on DPC as I think it’s quite far away from things, but I’ll just google and see.

The older condos that I saw were well maintained, but yeah I see your point about buildings showing age quickly. Ill have to speak to my partner about this again and see what she thinks.

What do you do for a living?
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I am an operations manager for a German logistics company, Singapore based but now working remotely from KL. On the side I am a consultant petrol station manager and trainer for new petrol station dealers for 2 brands.

The reason why I suggested DPC landed is as Mark Twain once said buy land they are no longer making it. DPC is one of those places that there are keen interest to move there, no more new landed homes will be built there as all phases have been built and fully sold off.

DPC is just slightly further away from MK.
SUSAsquith
post Aug 11 2020, 10:49 PM

On my way
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Junior Member
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Joined: May 2020
QUOTE(jlim2004 @ Aug 11 2020, 08:05 AM)
Another viable option if you can afford are the older houses in Sri Hartamas or Damansara Heights. You will need some funds for renovation etc, but locations are ideal.
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Yes those are good options as is buying a house in Bangsar. These are houses that tend to keep its value very well even in a downturn it does not drop but merely stagnant while the same cannot be said of most condos.

Yes you will definitely need to have some funds available to renovate but knowing how and where to spend the money can help to reduce that expenditure by a lot especially if you do not have bottomless pockets.

QUOTE(leewaihoe @ Aug 11 2020, 12:15 PM)
I did consider that, but I estimated about 400k to get the house at least repaired. Cash flow is gonna be important in this economy and I’m trying spend as little upfront as I can.

That’s why I’ve mainly only looked at new launches or undercon projects which will help with cash flow.

Do you think that a condo is a bad purchase as well? As I’m looking to move in 7 years after completion.
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There are ways to do it without needing to spend RM400k upfront in repairs. Doing some homework will help.

There are benefits to buying a subsale over a new launch or under construction, the first being is you would not need to waste money on progressive interest payments which can add up especially a year prior to VP.

It is a buyers market now so there are definitely some good deals out there and these properties tend to be current priced where most new launches today are priced for the future.

QUOTE(leewaihoe @ Aug 11 2020, 05:51 PM)
Yeah as it stand JK4 is really just a road for residents. Not much commercial activity on that road. Idk if it’s a good or bad thing haha
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QUOTE(jlim2004 @ Aug 11 2020, 06:38 PM)
What about when you want to get in and get out to Allevia? I guess its the same as those living along main JK1 - they have to pass thru 1MK , Plaza MK, Kiara 163, Arcoris before reaching their homes.
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That is the part most do not take into account. Everyone always tells me what a quiet and nice part of Bangsar my condo is located at since it does not have the jams at the main access road. I always tell them it is the same as I still have to put up with the same jams on the main road to get home or when I leave home.

QUOTE(tanyauchuan @ Aug 11 2020, 09:24 PM)
user posted image

Jalan Segambut have 4phases, Jalan Kiara 4 is 4th Phase, Begining part with 3+3lanes is done, middle 1+1lanes contributing by each project, (i guess) DBKL will fund for the balance which is behind Aston Kiara 3 & Richmood until join together with Jalan Duta Kiara+Jalan Haji Hamzah+Jalan Kiara 3, so at the end this area is the Mont Kiara 1st interchange junction😅 currently all road in MK didnt link to each other, all must join into the super main road which Jalan Duta Kiara+Jalan Kiara+Jalan Desa Kiara.

Jalan Desa Kiara also will join into Penchala Link directly from Jalan Kiara 7 in the future.

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Any idea when this would happen?

 

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