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 Bukit OUG Condo, Any information?

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22222222
post Mar 11 2011, 04:03 PM

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LRT extension start end March.

http://www.themalaysianinsider.com/malaysi...to-rm7b-budget/
22222222
post Mar 12 2011, 05:20 PM

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QUOTE(mature @ Mar 11 2011, 09:03 PM)
to all that consider b4 bout bukit oug, please got visit the condo during night hour, like 8pm. u will have big supprise.


Added on March 11, 2011, 9:15 pmonemore thing, must walk along the fencing inside the condo.

too many bukit oug tanents here trying to protect their property n willing to cover their heart.


Added on March 11, 2011, 9:31 pm

yes. bukit oug price is on high side based on current bad condition. Even if the LRT is builded, the selling price would not increase if the management is still suck as ppl who buy bukit oug would only aim for rental but not for home stay. This is becasue home stay in bukit oug would not willing to pay high price due to the bad condition.

from above statement, bukit oug selling price is limited. now, let us look for rental bukit oug opportunity. if there is no so many condo units sorrounding after few years time, bukit oug still has chance, at least can rent higher due to the completed LRT. unfurtunitely, it would never able to fight rental with other surrounding new condo.

conclusion, management is the key for bukit oug. if bukit oug condition still like dat, no chance for bukit oug.

y i keep saying bukit oug price is hardly grow is because if bukit oug selling 190 psqft, it is hardly compete with sooo many other condo in good location with much much better condition. but if selling 160 psqft, it has chance because hardly find condo selling in this price.
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Yes, for those who is interested in B.OUG Condo, better come to experience it, dun let people jz blak-blak in the forum to frighten you. Sometime i oso wondering the ppl stay inside start to give thumbup.gif to mgmt of the change, but the ppl so called "High educated" stand at the entrance of building blak-blak like dog meanwhile he/she not stay in the building. Do the "outsider" know more than the "insider", is it logic???

Protect property? hmm.gif why needed to protect neh and how to go to protect? Employ a security guy stand in front your unit and protect kah? biggrin.gif If talk about price of the property, u mean we put the property to high price to cheat all the buyer. lagi teruk, u think all the buyer so easy to tipu kah? The property purchase is basic on "will sell will buy", if the price not reasonable do you so call high educated will buy the property? Dun forget the market got a lot of ppls more high3 educated then you.

How bad the condition of the building? because of no repaint so call bad condition? If the flat repaint than mean it is in good condition?

"If the management is still suck" - which period of the management as suck as you mentioned? Please clarify. Different period differnt group to mgmt the building.

Talking rental yield saya lagi nak laughed kuat2.

"It would never able to fight rental with other surrounding new condo", "no chance for bukit OUG". laugh.gif

Let us do simple calculation

B.OUG
Unit : 1222sqf
Purchase price : 240000 (let say u purchase at 190psf)
Loan amt : 216000
Interest : 4.3%
Tenure : 30yrs
monthly repayment : 1374
Maintenace fee : 150

Let say buy Kiara R
Unit : 1000++
Purchse price : 360000
loan amt :324000
interset : 4.3%
tenure : 30 yrs
monthly installment : 2061
maintenace fee : 200

From above comparison, the b.oug only need RM1500++ to get back the cost while the KR needed RM2200++.

The gap is around 700. If u want to rent a unit to stay, 2 u want to pay high price at the same location?








22222222
post Mar 14 2011, 11:33 AM

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Is the LRT Extension good or bad news for you?

http://thestar.com.my/news/story.asp?file=...60455&sec=focus
22222222
post Mar 15 2011, 11:12 AM

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QUOTE(surf-it @ Mar 15 2011, 10:55 AM)
LRT going to be completed in 2014? Apa ni? delayed again?
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Haha...i more concern on the new access road.....is it also complete at 2014???

can faster or not?
22222222
post Mar 15 2011, 04:07 PM

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Guy, c how hot demand of bukit oug condo......u want to sell now or later...depend to yours.... biggrin.gif


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22222222
post Mar 15 2011, 04:39 PM

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QUOTE(hallas82 @ Mar 15 2011, 04:16 PM)
so this will be (proposed LRT/MRT) versus (termite issue+management+vacant shoplot+insufficient parking)...
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Yes...1st round fight.... who will win ...let c few month later...wakaka...i bet the LRT will win....

Ya...talk about termite issue.....which block actual happen....? I never face any problem of termite issue....maybe i change all my parke to tile....the owner who face it...consider of this solution.


22222222
post Mar 16 2011, 12:21 PM

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QUOTE(seydee @ Mar 16 2011, 11:12 AM)
I myself almost brought 2 unit (1222 and 1400) here in Bukit OUG but unfortunately being snapped up just on the eve of CNY, thinking due to CNY holiday I would have a least a few more days to think about it. 1222sq facing highway deal transacted at rm150k and 1400sq at rm185k.

This condo definitely have great potential because of its run down state. When the state of a condo is so bad, every single little changes is good. Changes and improvement will contribute to appreciation and I'm not surprise with the sharp increase in sub-sale asking price. The price will only go up further, from small thing such as improve lighting in some section, cleanliness to big factor such as the LRT, painting of the exterior, a new ramp road and ultimately the strata title. All this factor once done will push up the price and not to mention the 3 newly launch project just a stone throw away from Bukit OUG. Increase in surrounding price per sq will somehow have effect to the Bukit OUG condo too.

Let see from investor point of view. Its a bargain, with a lot of future potential appreciation. Nearby there is a low cost flat and yes I agree there are bound to come with some social problem but do remember a lot of new area is developed because of this residential type. Look at Kepong, Cheras or OKR. These places start with majority of squatter house or low cost house being built and it turn the new area alive again.

How about the LRT? the asking price increase when the news announce, increase bit again when the initial land inspection carried out, then again when nearby condo launched, and also again when they saw there's part of the jungle cleared for new road. I can bet on it the price will continue to rise when the piller start forming all the way until the LRT is fully operational.

The security in place may be still below par but as compare to previous security which is almost none existence, this is a good improvement.

How about for own stay then? Not recommended if it's for me, in process of starting a family. Total unit of 1.7k is too much for my liking, I can see myself catch up in a jam the moment I go out from my parking bay in near future. Yes it could happen. Bukit OUG 1.7k unit, low cost flat, 3 newly launch condo with combine of total 2k unit, townhouse, surrounding condo (i think 5 different condo) across the bridge and the LRT commuter dropping by all focusing on this area and this condo is in the middle of it. There have been a point instead of buying the condo here, might as well get the shop lot right next to it. Not much I think around 30 unit. Imagine what this shop lot can generate when all the condo and facility is up and running.

Some of the facility may be in run down state but all these can be repair or replace. True that these required money and bear in mind Bkt OUG have so many unit, IF the management could get everyone to pay, this condo can be transformed overnight. Mind this is a big IF, dealing with human is never easy and straight forward especially when involve money, a very big pool of money. I believe this could influence the strata title as well.

That's my point of view. Remember willing buyer willing seller.
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rclxms.gif Fair comment rclxms.gif

Anywhere, may i have a request from you, do you mind to PM your agent contact to me? My friend keep pushing me to sell my unit to him, but i already told him i buy at 205k cannot sell him with same price. Since your agent can offer lower price, it is good news for him....even the price 200k oso OK. Request the sqf 1465. TQ.


22222222
post Mar 16 2011, 05:48 PM

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QUOTE(seydee @ Mar 16 2011, 05:33 PM)
Yes I agreed but with the valuation hardly able to catch up with the asking price, the transacted unit would start to decrease. New buyer will have to top up the different in MOF or appeal for higher amount but lower rate.

Ultimately the demand and supply will play its part.
Its no secret. There is a company I think called H. H Sheriff, office in Bukit OUG which dealing with selling, tenant and managing unit on behalf of owner. Few years back, there is a lot of Singaporean owner and this company will take care of the tenant and rental things. Win win situation for both.

Called up Manjit at 03-77855498 which is their sales guy. Last called up and none up for sale, and due to the rising price, a lot of seller adopt wait and see approach. These owner is not in a rush to sell. If the owner can hold the unit in Bukit OUG up until now, most probably there are not a motivated seller.
Yes, I think for rm190k still worth it but being first time viewing that place and concern with the valuation, title and loan thing, I decide to check further before decide but its sold off moment later. sweat.gif
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Is it the company located at Block 1, near to a small supermarket one? I will bring my friend go over let him discuss with them. Thank you.

22222222
post Mar 16 2011, 09:13 PM

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QUOTE(seydee @ Mar 16 2011, 05:33 PM)
Yes I agreed but with the valuation hardly able to catch up with the asking price, the transacted unit would start to decrease. New buyer will have to top up the different in MOF or appeal for higher amount but lower rate.
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The bank valuation of property is not a fixed value, it is adjustable. Different bank u can get the different value, sometime also very depend to your social network and the way you do it to get what you want. tongue.gif
22222222
post Mar 21 2011, 11:08 AM

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QUOTE(salemgreen212 @ Mar 20 2011, 11:47 PM)
My friend told me that the Bukit OUG condo is currently managed by the Condo’s Residents Association committee members. If this is true, that means the management is a non-profit oriental management and the condo is managed by the residents themselves. If the committee not doing their job well, the residents can change the committee and the committee members are not drawing any salary.

Unlike other condo management, they are making lot of money every month no matter the economy is good or bad, sunny or rainy day, the management taukeh will keep laughing even in their dream because the residents keep supplying RM into their pocket. We can’t deny condo management really is a long term lucrative business.

So, where to find a condo management like B.OUG.
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Yes, now the management is running by JMB, if not mistaken the team will consist 5-12 peoples, included developer/liquidator .

This is new ACT which was implemented at 2007

It not only happen in B.OUG Condo, it happen to all the condo/apartment in Malaysia.

Talk about "making money" issue, it is very depending to their personality & professionalism. biggrin.gif



22222222
post Mar 25 2011, 12:32 PM

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QUOTE(keithcky @ Mar 25 2011, 12:08 PM)
Correction JMB and liquidator is two different entity. 1222sf going for 210k already bank value also up biggrin.gif

Bro vince & 222222 can start selling already lor
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Sure Boh ???? So high.....wat is bank valuation of 1222sf now?

I only know 1 transaction on 233k for 14++sf.

tongue.gif not selling now....still can go another 20 ~ 30% wah.


I waiting Kiara & Z residence complete, by that time their go to 400 ~ 450psf, i think B.OUG easily can reach 220 ~ 250sf gao... biggrin.gif
22222222
post Mar 25 2011, 12:47 PM

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QUOTE(She_kl @ Mar 25 2011, 12:44 PM)
Hi Keith,
Any 1222sf unit transacted at RM210K? Really great news..I intend to dispose my unit...
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Ur unit facing where? smile.gif
22222222
post Mar 25 2011, 02:13 PM

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QUOTE(She_kl @ Mar 25 2011, 01:23 PM)
22222222,
My unit facing tennis court/playground, or to be macho abit, facing swimming pool..hehe....facing inside, not facing out..Block 3A..interested to buy?
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haha...wat price u offer 2 me...... biggrin.gif


Added on March 25, 2011, 2:56 pmDo you notice that the neighbor OG Height already sell at 260psf, why B.oug so slow? Haha!

This post has been edited by 22222222: Mar 25 2011, 02:56 PM
22222222
post Mar 25 2011, 04:52 PM

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QUOTE(kok_pun @ Mar 25 2011, 04:28 PM)
there is a chinese saying "same people different 'life', same umbrella different 'shaft'"
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haha....correct....correct....correct......but not B.OUG rclxms.gif
22222222
post Mar 26 2011, 07:36 PM

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QUOTE(vince8307 @ Mar 26 2011, 05:25 PM)
T504 : OG Height to Batu 3, Jalan Klang Lama


Added on March 26, 2011, 5:30 pmHey guys, is time for u to complain to the liquidator on next week Tuesday (29/3) rather than just complain at forum~ tongue.gif

Ur machine gun ready? Fight!  flex.gif
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Woooo....finally management move the step.....hopefully they will bring a good news to all owners......resolve the title asap.... rclxms.gif


Added on March 26, 2011, 8:20 pmJust leave b.oug.....saw the road under construct now....u can view Jalil sutera very clear.......

look like one road oso connect from b.oug to jalil sutera... hmm.gif

This post has been edited by 22222222: Mar 26 2011, 08:20 PM
22222222
post Mar 29 2011, 10:42 AM

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QUOTE(stevenkkt @ Mar 29 2011, 10:07 AM)
The LRT is at the construction site but I think the work that I saw was more for the new access road.
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Bro....jz wait & c lor.....maybe like UFO taiko said....JJ coming leh.... biggrin.gif
22222222
post Mar 29 2011, 10:50 PM

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QUOTE(vince8307 @ Mar 29 2011, 10:16 PM)
HLB Le Lum now got the master title on hand ady~
then strata title every unit is RM800 + 1% verification fee to liquidator
The verification exercise period will take about 3 months.

for more detail pls refer to the JMB management...
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Wah.....Vince u go to HLB office today ka.....y so fast know the result....geng..... notworthy.gif

wat.....needed to pay 800 + 1% verification? RM800 4 wat? and last time i oledi pay 2% for verification....somemore 1% now rclxub.gif

1% is basic on wat price.....SnP price or current market price???

Let said only 50% pay the verfication fee......50% dun want to pay....can the process subdiv strata title can go through or not?


Yamcha....cannot lah....my harimau not allow me to go out.... tongue.gif .....anywhere i am in Alor setar now....

ur 2 brothers go to enjoy lah, cheers....


Added on March 29, 2011, 10:53 pm
QUOTE(keithcky @ Mar 29 2011, 10:07 PM)
waseh when ah? dont so soon lor i wana sell my unit first if not kena MOT
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yalor....i oso kena MOT....must sell fast2, i hv 2 units to sell now.....asking price....320k/unit.......siao...... drool.gif


Added on March 29, 2011, 11:01 pm
QUOTE(naleh33 @ Mar 29 2011, 10:08 PM)
I am just wondering if we have paid to collect our strata title, is it justifiable if we put a higher selling price tag claiming the strata title has been paid for if buyers ask for the reason?
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Yes.....it is a good news, definitely will increase the selling price. There is a big different between strata title & DOA.

If JMB repaint the building somemore, the price can easily 200psf and above.

This post has been edited by 22222222: Mar 29 2011, 11:01 PM
22222222
post Mar 29 2011, 11:55 PM

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QUOTE(vince8307 @ Mar 29 2011, 11:14 PM)
actually i also not so sure...ya~That's y this is the challenge to JMB abt how to ask all owner to pay for it~
If not all willing to pay that, mean that we can't get the 1% rebate compare to previously are 2%.
Then the title will turn to ala carte giving to the owner but no rebate for the verification fee in this way.

I think u better ask management for detail. Coz today I'm came late...heard tail no hear head... rclxub.gif


Added on March 29, 2011, 11:30 pm

Yalor~I think so...I think this is the reason how OG Heights Condo can hit to 258psf~
title & repainting is the most reason~
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OK....will check when back. Later our unit price will same as OG Height... drool.gif
22222222
post Mar 30 2011, 12:39 PM

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QUOTE(millyjim @ Mar 30 2011, 12:28 PM)
start washing already to repaint
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sure????? rclxms.gif

This weekend i go to hv a look.......

whole building or car park podium only?


22222222
post Mar 30 2011, 07:26 PM

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QUOTE(twinkystar @ Mar 30 2011, 05:02 PM)
Repainting up to CL only. Whole building would cost a boom therefore has to be put on hold unless owners are willing to contribute to a sinking fund.


Added on March 30, 2011, 5:07 pm
1 or 2% of the latest surveyor's value.
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Oic....oni to CL floor sad.gif ....IMO better save more money first, and then 1 shot to do it lah.

Because separate 2 times painting most costly compare to 1 shot, in term of manpower & material.

A Boom? how much it will cost? Any estimate figure can provide?


wow......basic on Latest surveyor's value....there will cost a lot...wo... rclxub.gif rclxub.gif

How about last time pay to them 2% for verification? is it consider pay oledi???






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