is there something wrong with the condo?

please sms to 0168893099 the handphone number of the seller.

haha~my unit at block 3A....tis block quite old...

It is walking distance (5-8 min) to Bukit jalil lrt & Sri Petaling LRT, but my previous post only mention that "<b>Future</b> LRT Station nearby = Yes" to make the strong point for me, what i select Bukit OUG Condo instead of Arena Green. Dun be so sensitive on it. (Merry christmas to all)

As jalsrix mentioned early
It is walking distance to Bukit jalil lrt but <b>price is expensive now</b>. Still got so many people buy there. why ?

Let us study a bit background of Arena Green & Bukit OUG Condo.

Areen Green
Year 2000
- Develop somewhere around 97/98 and completed around 2000
- Starting price 99k ~ 130k
- psf range RM 120 ~ RM 150
- Rental : RM 500 ~ RM 700

Year 2010
- Asking price RM 220k ~ RM280k
- psf RM 280 ~ RM 330
- Rental : RM 1300 ~ RM 1500

Over the 11 year psf already up +-RM160 (133%) and Rental up +-RM800 (160%).

Actually, if you study back. In the year 2009, the selling price already reach the high RM230k and over 1 year (2009 ~ 2010) that is not much increase on the selling price while another property easily to increase 10~20%.

Of course, we cannot declined that there have potential for Arena Green price go up again, but the increase will less than other property.


Bukit OUG Condo
Year 2000 ~ 2008
- Develop somewhere around 97/98 and completed around 2000 (Phase 1), 2005 (Phase 2)
- The project was delayed due to developer MBF bankruptcy
- The Management was handling by liquidator and running for few year. (very bad, negative cash flow)
- Starting price range RM110k ~ RM 130k (studio unit), RM 160k ~ RM 180k (1222sq ft), RM 200k ~ RM220k (big unit)
- psf range RM 145 ~ RM 150
- Rental : RM 400 ~ RM 800
- The property were selling under market price, due to a lot of singaporean let go their unit to cut lost. That time 1465sq ft can easily get on RM160k.
- Occupancy : 50%

Year 2009 ~ 2010
- JMB was formed to take over the management, the financial was improved and positive cash flow.
- Repairing work were well done over 2 year.
- Asking price was jump back to ori price RM210k (big unit) (2nd half of 2010)
- Rental : RM 800 ~ RM 1500
- Occupancy : 85 ~ 90%

In my opinion, bukit oug condo just back to track and start the journey while the Arena Green already reach it limit.

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Added on December 22, 2010, 11:52 amJust publish your friend phone number here, I think should be easily to sell out.

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Added on December 22, 2010, 12:00 pmWhich Area ""Wrong""?

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Added on December 22, 2010, 12:02 pmFacing Tennis court or highway, my one is facing the hill (highway... ).

This post has been edited by 22222222: Dec 22 2010, 12:02 PM

facing tennis court...the view not bad actually~can see sunrise at my right side & sunset at my left side

wao....good analysis！ LIKE it!

Dude, ask him/ her to sms 0122046528. interested with the unit. Thanks!

Very good comparison but are you sure rental is rm 1300 in arena green for unfurnished 2 rooms ?

Hey there,

anyone who want a banker for loan application can contact me here or call 012-2909301... i just came across this topic as i stayed there....

there is some new development going on just opposite the guard hse, wonder what are they building there..

Cheers..

Mak

I dun know this guy, i just c the banner, maybe you can direct call this number.

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Added on December 23, 2010, 9:52 amhuh....so good view, i think you bought a good unit.

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Added on December 23, 2010, 9:54 amSome source said will built the shop lot, dun know true or not. Will know later, just wait.

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Added on December 23, 2010, 10:07 amThe rental is very depending on location, house sf and furnished/unfurnished. The RM1300 is talking about Fully/partly furnished of the apartment. I think the unfurnished wt small size maybe -RM200-RM400.

, since you are very well know of Arena Green, just tell us what is the rental & sell price now, I think this forum was welcome you to advertise although this forum was discussed on Bukit OUG Condo.

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Added on December 23, 2010, 4:18 pmSome News for property
http://www.malaysiakini.com/news/151522

Property Market Report From Bank Negara
http://www.jpph.gov.my/V1/pdf/LPH_H1_2010_FINALOVERVIEW.pdf

This post has been edited by 22222222: Dec 23 2010, 04:18 PM

Guys,

one agent just offered me one OUG unit 1465 sf for RM 270k (negotbl). He mentioned that the owner already spent about 100k for reno. Unfortunately the owner dont want to publish the pics of the unit for privacy purposes.

Do you guys think it worth buying?

Or can suggest me normal price for 1465 sf unit with renovation. what's the typical price? thanks guys.

Mak,

Since you r the banker, do you know what is the current transaction price for bukit oug condo? (Bank Valuation)

TQ.

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Added on December 23, 2010, 5:51 pmThere is hard to justify worth buy or not, all are depend on reno & furnish and material using.

What I suggest to you,

1) Call the agent again ask for site visit.

2) If you feel good, just go to bank do some basic bank valuation ( you can look for mcmak to help), what is the market value for the Condo and how much you can borrow? Normally, the bank will basic recently 5-6 transaction to determine market value and how many loan they can offer to you. Of course, the reno also part of consider for the bank to borrow more many to you. If the owner dun mind, you can take some photo let banker hv a look.

3) After that, basic on info you get from the bank, start bargain with them. C how much they can reduce for you.











This post has been edited by 22222222: Dec 23 2010, 05:51 PM

I have yet to make a visit there... Could anyone enlighten me..the majority of the residents are owners or tenants. My intuition tells me its tenant ...What about the races over there... Thanks

mix... Middle East/Iraqi oso....average

There are lots of unit there selling below market rate.. Was thinking of getting a unit for rental and own stay, which means am renting the rooms out...

Where you do find lots of unit? i cant find anything lately...

Merry Christmas & Happy New Year 2011. Just back for Holiday.

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Added on December 28, 2010, 4:33 pm I think Jaya Jusco wah!!!

This post has been edited by 22222222: Dec 28 2010, 04:33 PM

Jaya Jusco? I don't think so...because the future LRT station plan is at right beside there, so is not suitable to build a shopping center just beside there gua...I think is shop lot or maybe is construct the ramp connecting to the road of Taman Esplanade.
We look at the map...the road of Taman Esplanade is exactly facing to Bukit OUG Condo~



This post has been edited by vince8307: Dec 28 2010, 06:01 PM

haha, maybe u r right. I hear that there is a big jaya jusco will built near by the LRT station. The location possibility is that area......

How is your holiday?

Huh~where u get the news? If Jusco nearby there so good~Then I no need drive to Mid Valley or Puchong there ady...keke~

Holiday? Nothing special~also need to work at home~19-20hours in working... How about u?

This post has been edited by vince8307: Dec 29 2010, 12:58 AM

The news is come from friend, dun know true or not? Hope it can be materialized. So next time u no need to drive far far shopping.

Huh......Holiday also need to work . Wat is the job can work in home? Can u introduce some, i needed find a part time job....money no enough