QUOTE(Allkine808 @ Mar 15 2021, 11:09 PM)
Seeking for experienced advice
My daughter is attending one of the schools in BU and currently renting a unit in one of the condos in BU.
My wife and I are looking to buy a property around this area because of the school but I don’t think we can afford any Subsale property because we dont have much cash to pay the downpayment and legal fees. Because of this we are looking for new project since most of the time they will have rebate.
I paid RM1k for the booking fee for D’Erica but most of my friends and colleagues commented that the place is not a good place to raise a family because it will be very high dense. Some say with the price I’m paying D’Erica I can get better units. I booked the 1.2k SQ unit. So now I have lots of doubt on this project.
My questions to all are:
1. How many units in a condo to consider high density? Is D’Erica too dense?
2. Is there any other project within 5km radius from BU that is worth to consider beside D’Erica? Our budget is not more than RM800k.
3. Is D’Erica a good buy? The agent told me there are no much units left or is this one of the tactics of property agent to get sales?
Thanking in advance to all.
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How many units in a condo to consider high density? Is D’Erica too dense?
There's many factors affecting the quality of life.
1.1 Carpark allocation per unit
If minimum 2 CP per unit then its not so problematic for as most people have sufficient carpark then.
1.1.1 Carpark space outside
If there is enough public parking space outside then still manageable. If everywhere yellow line main road then that could be a problem for visitors.
1.2 Lifts per block vs units
In my place, those with 250u/blk with 3 lifts seem to complain more than the 490u/block one with 5 lifts.
This is because one down for maintenance is a 33% loss in capacity vs just a 20% loss in capacity.
With 4/5 running not much (noticeable) increase in waiting time. But 2/3 running will defo be a cause of concern during peak hour.
1.3 Lift speed (high speed or turtle mode)
There are some elcheapo china lift (S*gma) which takes forever to go to 13th floor.
Whereas if proper lift (KONE/Schlinder/Toshiba) which have higher speed. similar to better office lift, not a major issue.
1.4 Carpark entry/exit
Anyone who has visited both Ikea Cheras and Ikea Damansara will feel the pain point of Ikea Cheras where the exits are rather limited.
If a condo has >1 exit point traffic disbursement is better. Walaupun high density with 1k units.
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2. Is there any other project within 5km radius from BU that is worth to consider beside D’Erica? Our budget is not more than RM800k.
2.1 Next door MSQ is selling for 4xx-500K for 1100sf. Popular with Korean students at last check.
2.2 Nearby slip road to BU, Opal Dsara is going for 600K for 1140sf / 800k for 1420sf on propertyguru listings. This place is nice for families. Older condos tend to have better sound insulation than newer projects these days. Also since its already standing there (built up) there is zero risk of being an abandoned mud patch (Txlam) and stuck with useless mud patch that you can't even stay in.
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“There is no implied warranty or condition as to quality or fitness for any particular purpose of any places suggested herein this post."
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3. Is D’Erica a good buy? The agent told me there are no much units left or is this one of the tactics of property agent to get sales?
3.1 The next door projek is Flora Damansara. Which is "ghetto".
3.1.1 My recollection of last visit there to Flora many years back was of an
access road littered with cars parked everywhere and 0 street lighting. Adding to the ghetto feels.
Remember you're also buying into the surroundings (the neighbourhood) as well. For a 600K prop legal fees and loan agmt fees are 18k only (this one should be able to be easily settled from FD etc).. and for the 10% D/P 60k (or do the markup and try to nego lower DP %.).
Figures obtained via
https://www.lowpartners.com/malaysia-law-fi...uty-calculator/QUOTE
“There is no implied warranty or condition as to quality or fitness for any particular purpose of any loan agmt/legal fees suggested herein this post."
3.2 This is an old trick to make you feel kancheong ("FOMO") and rush into buying a unit. Sticker game as well.
This post has been edited by ceo684: Mar 16 2021, 12:26 AM