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 What's your worst property purchase?, lots of property woes threads lately

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TSiEatCuteDogs
post Mar 14 2023, 10:14 AM

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QUOTE(TiramisuCoffee @ Mar 14 2023, 09:29 AM)
pls list n discuss oso properties built on top of / rite below hilly sites that’s susceptible to landslides… hari2 hujan… sweat.gif
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i start No.1 on the list

Beware of subsale houses in PJ Section 9, Bukit Gasing there. relatives house sinking like titanic due to soil erosion and atas bukit

they complain to MPPJ for decades. but nothing can be done i guess, over developed area.
ckwong80862
post Mar 13 2024, 11:24 PM

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editing

This post has been edited by ckwong80862: Apr 14 2024, 12:28 PM
ayamxxx
post Mar 14 2024, 08:21 AM

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QUOTE(ckwong80862 @ Mar 13 2024, 11:24 PM)
user posted image
user posted image
user posted image

hi, just got the new house key.
found that almost EVERY part, EVERY ROOM in the house got hollow wall issue, developer already send ppl to hack the walls and patch it.

question1: after the the patches, will it harm the existing wall structure?

question2: after the the patches, i will repaint the wall, will the painting tear our easily in future, or any harm to the painting in near future?

question3: can we ask for any compensation from Sime Darby property, because of this bad quality house?

appreciated for your kind suggestion, if any  biggrin.gif
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Same quality issues under them. Not sure their contractor choose cheapskate, cut cost method or what. My Ainsdale unit got big leaking between hall/kitchen. Thoroughly check with Sime Darby people, turn out contractor skip installing the water proofing material around that area. Need to hack back the house

This post has been edited by ayamxxx: Mar 14 2024, 08:29 AM
prophetjul
post Mar 14 2024, 08:24 AM

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Shop in a mall.
waters
post Mar 14 2024, 08:41 AM

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Ya man. People buy mobile phone research online until no eye see.
Buy car, one test drive terus sign.
Buy house, the ahmoi agent smile at you terus sign. WTF man.
watzisname
post Mar 14 2024, 08:44 AM

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the problem with property investment is it's very hard to cut loss if you made a mistake

and managing tenants is an active investment, not passive like what ppl tell you
ckwong80862
post Mar 14 2024, 09:04 AM

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QUOTE(ayamxxx @ Mar 14 2024, 08:21 AM)
Same quality issues under them. Not sure their contractor choose cheapskate, cut cost method or what. My Ainsdale unit got big leaking between hall/kitchen. Thoroughly check with Sime Darby people, turn out contractor skip installing the water proofing material around that area. Need to hack back the house
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bro, sdb say cannot do water ponding, i just cincai do, shd do another round?

i pm u. tq..
icemanfx
post Mar 14 2024, 09:17 AM

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Poorperly investment is not newly invented or discovered. if is as half as profitable as guru/influencer claimed, every other da ma, da shu would be landlord, where leave chance to strawberry gen.

anakkk
post Mar 14 2024, 09:19 AM

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CMC market cheras :X
icemanfx
post Mar 14 2024, 09:19 AM

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QUOTE(watzisname @ Mar 14 2024, 08:44 AM)
the problem with property investment is it's very hard to cut loss if you made a mistake

and managing tenants is an active investment, not passive like what ppl tell you
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Poorperly is illiquid, it could takes months if not years to liquidate.

leverage amplify profit as well as losses. most of those invested in the last 10 years are under water.

watzisname
post Mar 14 2024, 09:24 AM

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QUOTE(icemanfx @ Mar 14 2024, 09:19 AM)
Poorperly is illiquid, it could takes months if not years to liquidate.

leverage amplify profit as well as losses. most of those invested in the last 10 years are under water.
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yeap.. and good properties in good locations are expensive.. but better buy expensive than buy wrong

the days of buying under construction prop and flipping for a quick gain are over.

watzisname
post Mar 14 2024, 09:25 AM

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double post

This post has been edited by watzisname: Mar 14 2024, 09:25 AM
submergedx
post Mar 14 2024, 09:31 AM

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QUOTE(iEatCuteDogs @ Mar 14 2023, 10:14 AM)
i start No.1 on the list

Beware of subsale houses in PJ Section 9, Bukit Gasing there. relatives house sinking like titanic due to soil erosion and atas bukit

they complain to MPPJ for decades. but nothing can be done i guess, over developed area.
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Poorperty section already got members list out Tier A, B & C developers, you might want to climb a little bit to get the infos.

IOI are quite well-known developer, but quality are not far with their reputation.

aPiT_OxyMoxy
post Mar 14 2024, 09:43 AM

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Fuh takutnya baca macam ni pun ada

Kesian owner yang kena defect tu

I've never experience buy new unit

Both unit i bought sub sale plus Flat & Apartment

BTW TS may i know what's your intention to buy this house

For own stay or for rent cause its huge


ayamxxx
post Mar 14 2024, 10:06 AM

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QUOTE(icemanfx @ Mar 14 2024, 09:17 AM)
Poorperly investment is not newly invented or discovered. if is as half as profitable as guru/influencer claimed, every other da ma, da shu would be landlord, where leave chance to strawberry gen.
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this are a level lower than a scammer. buy house under own research, and/or get at least with reputable developer. My experience, UM Land the best for quality, better than Sime Darby anyday, 2 units under UM Land never had any quality issue

This post has been edited by ayamxxx: Mar 14 2024, 10:17 AM
Srbn
post Mar 14 2024, 10:13 AM

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QUOTE(iammasivers @ Feb 10 2023, 04:12 PM)
deposit probably can.. but the lawyer fee not so sure can get or not
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can try to ask for discount.
nugget2022
post Mar 14 2024, 10:17 AM

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QUOTE(Kim Sim @ Feb 10 2023, 04:10 PM)
What I know is if najib won in 2018, this would be a happy thread.
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you know nothing! the amount of money that was stolen run into billions and now the rakyat is forced
to pay off the debt with tax here, tax there and more to come i am sure..!
nugget2022
post Mar 14 2024, 10:24 AM

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QUOTE(ChAOoz @ Feb 10 2023, 10:48 PM)
During the past few years property developers were in too much of a hurry to finish and complete projects.

So cutting corners, using unproven contractor, subcontractor as well as not properly trained foreign worker is the norm.

The only way to really prevent bad workmanship is to have more regulation and tougher penalty on developers for not delivering according to specs.
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due to covid lockdown and all, this has impacted negatively on the developer in terms of their costs, so how to recover at least some of them ? Ya,
cut corners lor...so even the so called reputable ones are doing the same...! all same...cuz their business is to maximise their profit - quality is not
top of their list..

etan26
post Mar 14 2024, 10:30 AM

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QUOTE(Kim Sim @ Feb 10 2023, 04:10 PM)
What I know is if najib won in 2018, this would be a happy thread.
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I didn't know he is a developer too ...haha ..topkek
vaksin
post Mar 14 2024, 02:10 PM

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bought a unit in 2013 at 230k price
now 2024, unit still around 250k
target can get 345k-460k after 10 years
loan also like not moving the principal.

Lokos like bank is laughing the most in poorperty investment, others all kena makan by banker.
but no choice, still need a house.

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