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 Seek for advice: Mont Kiara Own Stay Condo

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Cavatzu
post Jan 27 2023, 12:33 PM

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You’ve got a good budget for either area. Just depends whether you want a local or international flavour. Then work backwards from there. More options to sieve through with MK and it will be an older unit so the amount of ID needed becomes an issue.
Cavatzu
post Jan 27 2023, 02:11 PM

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QUOTE(edison8904 @ Jan 27 2023, 01:14 PM)
Forgive my ignorance, but what is local or international flavor?
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Taman Desa would have more locals and MK would have more foreigners. And then it’s nitty gritty details like are there food options that you like closeby.
Cavatzu
post Jan 27 2023, 05:13 PM

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QUOTE(Ch0wCh0w @ Jan 27 2023, 05:07 PM)
Segambut/MK is a bit overrated tbh. When most of your neighbours are expats, the real decent families are staying in Seputeh and Kepong
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Well MK has the added benefit of your home becoming a good investment (positive cash flow property though maybe not now) when you decide to upgrade.

I personally believe interim own stay properties need to be investment grade. How is Cyberjaya going for TS?

This post has been edited by Cavatzu: Jan 27 2023, 05:15 PM
Cavatzu
post Jan 27 2023, 06:15 PM

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QUOTE(edison8904 @ Jan 27 2023, 06:01 PM)
yea surveyed some, mostly ranged from 1.2m to 1.6m, considering lotsa ID need to be done, since majority are very old, is very tiring even to think about it. and the cash flow simply cant do that for now. But we still eyeing that area, hopefully can salvage desperate owner willing to letgo at low market price.
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Either you do condo in aforementioned areas or go for a terrace in PJ and do it up. These all pretty much work for the lifestyle you intend. It just depends how you lean.
Cavatzu
post Jan 28 2023, 06:06 AM

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QUOTE(Ch0wCh0w @ Jan 28 2023, 03:38 AM)
Agreed. Especially considering on getting such an overrated place like MK. By the looks of it, MK properties are selling at absolute future price now, does not look very promising for capital gains or even cash flow. If TS is "really had enough with jam", just try and rent a place in MK and see if it's gone or not 😂
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Won’t really say MK is that overpriced anymore as the psf has remain fairly stagnant apart from new launches. As an investment, the rents are fairly well justified as there’s a high concentration of expats.

Rest of KV has come up substantially and are at the psf level of MK or even higher.
Cavatzu
post Jan 28 2023, 11:38 AM

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QUOTE(Ch0wCh0w @ Jan 28 2023, 11:25 AM)
Few examples are, Changkat View, Sri Putramas and Lanai Kiara
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You’d need maybe 200k in reno to bring them up to a modern standard but worth it for the low psf you pay for the big sized unit. Definitely works well as an own stay that could be transitioned into an investment property.
Cavatzu
post Feb 14 2023, 11:53 AM

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QUOTE(edison8904 @ Feb 14 2023, 11:30 AM)
Also adding some points of view after viewing cendana, ayuria, and kiaraville. Seni i not gonna include here lar, cannot compare  biggrin.gif

1. Cendana: many units selling for those facing construction. Is quite low density I felt, many angmo like there. I like the walkway between 2 blocks, the KOI pond feel very fengshui lar, I like that a lot. Pool facing units very peaceful, layout is not to our liking, development is a bit aged, but still well maintained. No direct access to car park from unit itself, there are pros and cons for this, least convenient. The whole environment have a bit of shangri la resort feel, guess that's why i saw lotsa angmo there.

2. Ayuria: The facility, when my son grown up, sure he will like it. The pool is like afamosa like that. For the units, it's very windy for higher floor area. Layout wise for units less than 2002sqf is a no no for me, die die also want to squeeze in bathtub in the master bathroom making it feel very cramp. 2002sqf is not bad. But the hallway each floor is very old and dark. Dont like that kinda of feeling when I come back home. Kiaraville so far have the best hallway among these few.

3. Kiaraville again: It's almost a go to for us, either Seni or Kiaraville for now. Kiaraville mostly are good, convenient, good security, car park need to walk a bit to tower lobby but acceptable. not lotsa units/floor. Layout preference will be
a. 2500 sqf 
b. 1900 sqf
c  1800 sqf

2500sqf one, best layout so far, even better than Seni 2396sqf. Eyed an unit, asking for 1.7m, move in condition, I think the price is too high, because I just viewed a Seni 2396sqf low rise, quite good deal RM1.7m can nego, although only 3+1 rooms, but it's Seni right!
To sum up, UTD we only consider Seni or Kiaraville.
1. Seni 2396sqf 3+1 rooms VS Kiaraville 2500sqf 4+1 rooms; both asking 1.7m
2. Buy Kiaraville 1900sqf & 1800sqf VS Rent Kiaraville 1900sqf & 1800sqf 1-2 years, then buy Seni 2900sqf  biggrin.gif
bros advice?
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Bargain bargain bargain! If you can get Seni for 1.5 then it’s a truly worthy buy.

Cavatzu
post Feb 14 2023, 06:55 PM

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QUOTE(loyiwei @ Feb 14 2023, 03:16 PM)
Since it is for own stay, I think you have done enough research to decide what is best for you. On the other hand, i have a feeling this will not be your last home. For future disposition or rentability, i think Seni 2396sqf
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Yes this! Even if it’s ownstay make sure it serves you well and in so will be desired by others and gives you exit options.
Cavatzu
post Feb 16 2023, 03:38 AM

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QUOTE(edison8904 @ Feb 15 2023, 07:52 PM)
Sure bro, it's gonna take a while, gonna sell off current house, at least till we signed SPA for selling, only we will go for offering.  nod.gif
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Feel for you bro. Traffic nowadays seems worse than pre MCO as everyone is on the hustle and car ownership seems to be at an all time high.

Going from a 1k sqft place to 2k+ is a huge step up. Since you only have 1 kid, maybe don’t overcapitalise and get something a bit smaller? Unless you’re planning to have a larger family.
Cavatzu
post Feb 17 2023, 05:56 AM

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He did say he could borrow up to 3M. But really I’d encourage you not to overextend and get what you can afford now. It looks like you’re in the rabbit hole of luxury units where you’re continually impressed by some of the top tier units in the country.
Cavatzu
post Feb 17 2023, 11:27 AM

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QUOTE(edison8904 @ Feb 17 2023, 09:20 AM)
Haha! Yea man! Luckily we realized we are in rabbit hole now. You mentioned lotsa time not to stretch, I will stamp that in mind. Anyway is very true lar, getting least into seni ady recently, we don’t want to extend to there most likely.

Sticking back to our purchase objective: a good value condo in strategic location with reasonable larger size and healthy community.
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Once you go into the 1.5M+ range then landed becomes a very valid option and that will open more questions and choices for you. Analysis paralysis is a terrible affliction.
Cavatzu
post Feb 17 2023, 04:47 PM

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QUOTE(Winnielim @ Feb 17 2023, 03:52 PM)
You wasted agent time , coz if can’t sell your house or wait for the Snp to sign you can’t buy it . Not easy to sell at all . And you’re not ready .once sold , only start to see . But not now at all . You are not ready yet . And if you’re ready , your financial is not ready yet coz you need sell only you can make this purchase … too soon ma fren
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Well Winnie it’s part and parcel of the game. Anyone has the right to go view a million dollar unit whether they can afford it or not. Some people might just be going for a walk around with no intention of buying anything. No harm no foul.
Cavatzu
post Feb 17 2023, 09:14 PM

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QUOTE(edison8904 @ Feb 17 2023, 08:05 PM)
My friend, is really sap sap water for me, i tolerate the jam from kl to cyber, can you imagine? hahaha
thanks for the tips! definitely i gonna use that, matter of fact i did using it  cool2.gif
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Geez I don’t even want to visit my friend’s’ housewarming in Cyberjaya cuz of the distance. I made some lame diarrhoea excuse.

So lifestyle wise just moving out of Cyber to anywhere else is a big win.

This post has been edited by Cavatzu: Feb 17 2023, 09:24 PM
Cavatzu
post Feb 20 2023, 08:21 AM

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Old monied landed areas will always be in vogue as they are tightly held and they’re not making more of them. Units are really a dime a dozen and imo if it fits your lifestyle for the short to medium term go for it. The price gulf between landed and units will only continue to increase.

There’s a tipping point when you buy a 2M landed then spending 200k to fix it up is well worth it. Can’t say the same for units.
Cavatzu
post Feb 20 2023, 11:12 AM

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QUOTE(BigMan123 @ Feb 20 2023, 11:03 AM)
Only set back for an old landed is the neighborhood will be your neighbors. Hopefully it’s not too run down or vacant. For older areas like gasing or SS3, bungalows have also been converted to nursing homes. Security will also be an issue, especially if your unit stands out vs the rest
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True. There’s the semi guarded enclaves too but really who holds millions of dollars worth of jewellery at home anymore. If they want to steal my 60 inch led screen be my guest. Everything else will be too cumbersome for these thieves. Though a tip is to always have a couple thousand cash ready in a vault if you ever get robbed.

Ultimately unit fits my lifestyle as there’s no kids and frequently travel abroad. Different people have different priorities.
Cavatzu
post Feb 20 2023, 06:00 PM

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QUOTE(yuzulicious @ Feb 20 2023, 05:11 PM)
I am not in a rush to move during this first 3 years as my baby growing up in current PJ landed house with the advantage of ample indoor space for him to move and play.  When he reach the age of 4-5 will be great time to move to next phase where pre-school starts and need to connect the neighbourhood with ease. 

We always strife to live an efficient life and do not like to spent too much time maintaining the house (ask any landed house owner from roof to the garden how much time needed to take care, I also like the idea of our house is to serve us not the other way around) and in a traffic to schools, to work and running errands.  So close walking proximity to schools and amenities become very important. This is the kind of pedestrian-friendly urban lilfestyle my non-Malaysian wife used to enjoy, and in Malaysia you can hardly find a neighborhood build with pedestrian in mind, with the exception of MK and DPC  

Since shortlisted into MK, been taking my time visiting some old and new projects with the likes of R22, Astrea, Prag, Allevia, Minh, Sunway Mont, Pantamont, Bon, Fiddlewoodz, etc. The subsale prices (for my shortlisted units) is standing strong & high even in pandemic, it makes the entire subsale deal less attractive and I do believe everything come with lifecycle especially condo, it makes me more inclined to go for new unit with all factors measured, we then chosen Allevia with these plus points:

1. Walking distance to schools, groceries and amenities 
2. Fenced and well maintained landscaped pedestrian walkway in Jalan Kiara 4
3. Efficient rectangular layout that maximize spaces (hate the idea of paying huge maintenance for spaces I don't use), like the layout split "activity zone" and "resting zone" distinctively 
4. Love the 22ft wide living room that allow great family bounding
5. Besides master room, every other room is equally big to accommodate 12ft build-in wardrobes plus a study desk with ease
6. Bungalow structure, all four walls not connecting to neighbour giving peace of mind, great privacy and minimal disturbance
7. Going for bukit kiara trail without driving!
8. MRT 3 coming to MK after 2028!

There's no such thing as a perfect property that can match every requirement that I listed in the beginning, however I believe I found a place that can serve my family well with great balance that we set to achieve.  Happy hunting bro
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Good aspirational property is always in demand. My family own some R22 and the rent never went down, conversely there were higher offer prices during Covid. People liked the convenience of sending their kids to school in open air without traffic. All these little details add to overall demand.

One doesn’t have to live in MK. If you prefer a more local flavour go for PJ by all means but it’s imperative you understand your personal culture/preferences as well as what you find important. Don’t go live in a multi million dollar unit then complain bak kut Teh is not accessible to you.

This post has been edited by Cavatzu: Feb 20 2023, 06:00 PM
Cavatzu
post Feb 20 2023, 06:55 PM

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QUOTE(yuzulicious @ Feb 20 2023, 06:22 PM)
hahaha sad to say after all there years my wife moved to Malaysia she still cannot find accustomed to local food, to say the least about bak kut teh  biggrin.gif  as a Malaysian I failed to convert her, so moving into MK will suits her more definitely, looking forward for happy wife happy life  tongue.gif   

R22 strategic location is unparalleled, one can only admire as of now as the price can only continue to rise.  Unfortunately I was obsessed with landed house in the early years and missed the opportunity to own this jewel at the launching period
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Serious? I know some German expat kids. And they won’t shut up about bak kut Teh now they’ve gone back to their home country let alone their parents.
Cavatzu
post Feb 21 2023, 03:18 AM

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QUOTE(edison8904 @ Feb 20 2023, 10:03 PM)
Some R22 ahh! Bro! whole floor ahh?  biggrin.gif  Sedekah sell me 1 unit lower than market please...  tongue.gif

Anyway, R22 i haven't view, good ahh?
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Oops shouldn’t disclose too much. They are fine units - good examples of the current minimalist design high rises. No where as fancy as Seni etc. but simple clean design and well thought out facilities. Their big draw is being opposite GIS and Being able to access Arcoris.

This winnelim is such a disgruntled agent. Why shouldn’t one go check out multiple properties when you’re going to spend well over a million. Hate all this stupid guilt tripping and that’s why buyers make silly mistakes when pressured.

This post has been edited by Cavatzu: Feb 21 2023, 06:05 AM
Cavatzu
post Feb 21 2023, 12:30 PM

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QUOTE(BigMan123 @ Feb 21 2023, 12:15 PM)
The days of investing and flipping for gain is over. Now it’s pure rental for long term passive income and own stay.

So buy 2…1 for own stay, one to get rental
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By and large it’s true. But there were 2 recent examples cited above that good well priced property can exceed expectations - Southbrooks and Sunway Belfield. Southbrooks being the more concrete example from 600+ psf launch price to now well over 900+. This was an affordable range property when it was launched in 2017 and many of its peer group have ended up in lelongs or disappear without a blip.

This post has been edited by Cavatzu: Feb 21 2023, 12:30 PM
Cavatzu
post Feb 21 2023, 04:31 PM

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QUOTE(loyiwei @ Feb 21 2023, 12:25 PM)
Ingredients to bring back the flipping game:

Easy money: It will be back. Illogical to tell politician not to break the piggy bank to win vote.

Accommodating policy: Singapore story said accommodating policy is only a good to have.

Reducing supply: KL key areas will run out of land eventually.

High economic growth: this is the ingredient that is hard to find. So far Anwar's gov policy is making sense. Hope and pray. But there is a ingredient as substitute, I have a feeling certain atas area such as Mont Kiara and DPC residents' income growth dun correlate with local economy growth as they are earning overseas income.
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From the economist seminars I’ve been attending, the era of easy money is at an end. There’s a lot of push towards more sound and sensible fiscal policies. This is largely because deglobalisation is occurring and that’s enough to stimulate domestic growth in those major markets.

We have more than enough housing to accomodate everyone who can afford it with the backbreaking densities we have and the multiple new townships they are starting. If all else fails, redevelopment is already a thing in Bangsar and likely parts of PJ old town.

This post has been edited by Cavatzu: Feb 21 2023, 04:35 PM

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