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 Seek for advice: Mont Kiara Own Stay Condo

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Cavatzu
post Feb 22 2023, 08:02 AM

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QUOTE(edison8904 @ Feb 21 2023, 08:03 PM)
What ongss say earlier suddenly bring me back the memorylane. I could recall when I was renting at Taman Desa area, that time scott garden still under construction. I could clearly recall the first few years of it's completion.

That time among friends we are aiming at owning a unit in scott garden as our goal, but now I am lucky I did not really get one there. Hahaha!

There are so many uncertainty buying those soho sovo sofo. Now turned into I dont know nest and farm of illegal businesses.

Concept seems good, but it doesn't really work out.
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Lucky miss that one. It’s become a real den of iniquity. I mean accept it for what it is. But I saw older threads of people wanting it for family own stay use and I’m like wtf. It’s not like there’s no choices in this world and they immediately retort with can you tell me where in this similar location can you get it for xyz price? Some people can’t be helped or simply don’t want to be.
Cavatzu
post Feb 22 2023, 06:03 PM

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QUOTE(elon_musk_my @ Feb 22 2023, 05:35 PM)
Yo, guys! So, I ain't even at the buying stage yet, I'm still in the prep and grind phase - trying to save and earn that dough.

I know it might seem a bit premature, but I gotta know where I'm headed and how much cash I need to make it happen.

I've seen some majorly experienced folks talking in here, so I thought I'd throw this out there - anyone got an idea or formula for figuring out how much I need to snag a sweet 2 mil crib in or around Bangsar?

Like, what do I need to factor in for a subsales purchase - down payment (I'm thinking 10%), spa fees, legal fees, renovation fees, and what else?

This whole process has got me feeling hella perplexed, so any insights would be dope.  notworthy.gif
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Rule of thumb is 18% I believe and that’s just to get the sale across the line. Reno is the sky’s limit. Better to work out what you can get done for a given budget ie. 200k etc. This will vary on the age of the property and your personal expectations.

Cavatzu
post Feb 22 2023, 07:53 PM

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QUOTE(elon_musk_my @ Feb 22 2023, 07:38 PM)
I totally agree that renovating can be incredibly expensive. I'm not planning on demolishing the whole house and starting from scratch. One of my buddies did that, and ended up spending RM 2 million, even though the terrace cost only RM 1.2 million. That's a bit insane, right? I'm not going to go that route.

By the way, does the 18% you mentioned include the minimum requirements for basic renovations? I'm thinking of buying a 20-year-old terrace that may need some rewiring, plumbing, fresh paint, and new ceilings. The kitchen cabinets and wardrobes may also need a revamp, and I might need to fix up the flooring and bathrooms. I think these basic renovations might cost around RM 150k. I was wondering if anyone has experience with this and could help with some insights.
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18% is the amount of cash just for the purchase of the property including transaction fees etc. I’m just quoting the property you tubers. Reno is a whole can of worms. I think it’s silly to spend what your friend did unless it really is a money no object case and that’s their forever home. Do note that Reno costs have gone up like 20-30% since pre Covid so even 200k doesn’t get you very far nowadays. People spend that much on a newly VP high rise what more a run down terrace. Gather info on this area as in most cases renovation is the most opaque of costs and can be a big money sink.

QUOTE(edison8904 @ Feb 22 2023, 07:44 PM)
Elon Musk bought MK, all price in MK shoot up overnight like spacex rocket.  laugh.gif
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If only. International news are reporting that we’re headed the way of a fundamentalist Muslim state. Optics are so not good.
Cavatzu
post Feb 23 2023, 05:43 AM

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QUOTE(Ch0wCh0w @ Feb 23 2023, 01:57 AM)
Really showing what an overrated place MK is. Thank you for sharing!
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Tis true. Strategically it may not be best for a dual income couple who do need to trek to work daily. Unless the lifestyle really really resonates with you. Nothing’s perfect.

It’s best when there is a stay at home spouse - tai tai/ tai kam who needs close walking distance to community and amenities.
Cavatzu
post Feb 23 2023, 08:49 AM

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QUOTE(BigMan123 @ Feb 23 2023, 08:18 AM)
I believe jam is relative to where you work and I have not come across any place in PJ/KL with no jam during peak hours. Buy where it suits you

MK is an okay place. Got affordable, got expensive. Even at the higher end of 1000 psf, many other places are already at that level or even higher.
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U can pay 800 psf in Sungai Buloh, Cheras or MK. I know which I’d pick.
Cavatzu
post Feb 23 2023, 01:52 PM

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QUOTE(Ch0wCh0w @ Feb 23 2023, 12:20 PM)
I really like the tai tai analogy 😂 yea no doubt if you are a house wife or you can WFH, it'll be great but might as well get DPC with the ridiculous price MK is offering. It'll be more suitable for families with the closer amenities and better community. I mean who doesn't like puppies
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Not quite true. DPC is like well over 900 psf even for their budget offerings. MK can range from 600 psf upwards, less if you don’t mind Aston Kiara or Richmond. MK is still more happening than DPC.

It was fun being unemployed during Covid and observing all these little enclaves and who lives there. Biggest impediment when property searching is you don’t really get a feel of the place during the day as you’d most likely only visit after work or on a weekend.
Cavatzu
post Feb 24 2023, 07:51 AM

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QUOTE(edison8904 @ Feb 23 2023, 09:45 PM)
Gotcha my friend, anywhere you recommend? We work in KLCC quite long time ady, both our jobs are in MNC, so working area definitely in klcc for years to come.
Property in klcc area, really cant afford uhh, we used to work in embassy as well, embassy area condo also price like crazy, not able to afford.
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Lol sky’s the limit for you. Almost anywhere within a 10 km radius of KLCC will provide a better commute experience compared to Cyberjaya even MK. It boils down to individual preference.
Cavatzu
post Sep 18 2023, 01:46 PM

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Weren’t the various new mixed developments with commercial underneath them meant to solve this walkability issue? The developers saw the market gap and hence introduced these products.
Cavatzu
post Sep 18 2023, 02:10 PM

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QUOTE(yuzulicious @ Sep 18 2023, 01:51 PM)
You are right bro, mixed development also aim to meet this demand, Verve, Ooak is such an example right? But their build up seems to be smaller and investor focus instead of home stay right?
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It’s a perception thing. Some may opine that for own stay you wouldn’t want such a busy environment and heavy footfall around your area. The only one I can think of with large build ups and commercial underneath is Megan Rise PJ. But you’re right, generally the mixed developments with good commuter links are targeted at investors or young family.
Cavatzu
post Apr 15 2024, 09:40 AM

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QUOTE(Lgdc0625 @ Apr 14 2024, 07:25 PM)
May I know why Meridin and La Grande price so low compare to nearby similar properties? Something happened or workmanship or managemnt problem?

Especially La Grander psf look very attractive but feel weird why is it so low.
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It’s almost always usually sub par maintenance or the inability of the JMC to think of ways to make the development more attractive. The 90s built UEM units are still highly sought after for example whereas this was completed at least 10 years later.

At this point La Grande is almost 20 years old and all the ugly problems start to rear their head which can mean big unexpected problems and costs. People will err on the side of caution and pay for newer developments. Also this pseudo European style design is tacky and dates the building even more if it’s not done well.

This post has been edited by Cavatzu: Apr 15 2024, 09:48 AM
Cavatzu
post Apr 15 2024, 09:58 AM

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QUOTE(Lgdc0625 @ Apr 15 2024, 09:52 AM)
Oic its the management problem. My friend choose this over Agile because of the price is attractive.

Is it lastime was occupy by a lot of black people like negro? Think I heard it from somwwhere but not sure is it true and that turn a lot of tenant away.
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Not saying anything conclusively as I’m not really privy to this development. I’m just saying it might not be as attractive as comparable units in the area hence the lower asking price.

Good value though for big family size unit.

 

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