If I may ask, how much is the rental for the studio 700+, 1222 and 1400 sq feet condo?

Wow thanks for the reply. I just view a unit in Bukit OUG condo at level 16 1222 sq ft selling for RM160k.

Hope to get better deal from it. Any advise?

Care to elaborate more on Block 9 is orientation or block 11 is by danaharta. Why its a bad choice for you?

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 caught 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.

This post has been edited by seydee: Mar 16 2011, 12:34 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 are 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.

This post has been edited by seydee: Mar 16 2011, 05:50 PM

Correct and they work half day during Saturday.

The valuation of a property is based on the past successful transacted price. If the price is high, sooner or later the bank value will get there.