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 Bukit OUG Condo, Any information?

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tmc
post Jan 25 2012, 09:51 PM

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QUOTE(smsam2 @ Jan 25 2012, 02:19 PM)
RM110k. Auction date: 31st Jan 2012
Google auction oug 13-1-7
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An agent told me there was one Bukit OUG auction unit the won bid price was higher than the market value. Don't know how true was it.
tmc
post Jan 25 2012, 10:22 PM

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QUOTE(smsam2 @ Jan 25 2012, 10:04 PM)
Actually there are cases where the won bids are higher than market price.
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Another agent told me usually the bidders gang up to bid for a unit - so that the bid price does not go exceedingly high.

Buying auction unit is not an easy game to play, only the veterans know how to do it well.

tmc
post Jan 26 2012, 12:45 PM

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QUOTE(fidel_castro @ Jan 26 2012, 10:06 AM)
sorry im abit outdated... may i know roughly wats the market price in bkt oug? rm110k price sounds like a good price...
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Almost every auction starting price is a good price. Question is whether you could win the bid with that price. smile.gif

tmc
post Feb 3 2012, 02:58 PM

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QUOTE(yeeck @ Feb 3 2012, 02:42 PM)
Very sure once get the title, price will shoot up like rocket.
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I keep on hearing this, why is that so ?

I am being offered some bad house no (eg 14A, 4A etc) with what I think are priced reasonably. Do you guys think it's worth buying bad house no for investment purposes ?

tmc
post Feb 3 2012, 03:29 PM

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QUOTE(vince8307 @ Feb 3 2012, 03:26 PM)
normally dun hv 14A & 4A, should be 13A & 3A. The purpose to put "A" is bcoz to remove the number of "4" wat rolleyes.gif
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OK you got me ! smile.gif

My question is 13A and 3A should be how many percent cheaper than other units lar ? brows.gif
tmc
post Feb 3 2012, 03:32 PM

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QUOTE(yeeck @ Feb 3 2012, 03:29 PM)
For one, without the strata titles, owners won’t be able to sell their properties with a straightforward Sale and Purchase Agreement - any transaction and transfer has to be done by way of an “assignment”. Thus the long wait of about 9 months. Some prospective buyers are put off by the long wait for key handover.
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Oh really ? 9 months for what ? If the unit has been verified, it should be faster, right ? So the 9 months is for verification time ?
tmc
post Feb 8 2012, 05:13 PM

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QUOTE(22222222 @ Feb 8 2012, 05:06 PM)
i take almost 1.5 year to complete the process  rclxub.gif . 4 times request EOT...very jialat...

The Lawyer not Prof at all, dun know liquidator request what document...keep delay delaying......finally i needed to apply 1 week leave go to both side to settle the issue.

I can't recall what documents is it....
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You were the buyer, isn't it the seller was supposed to kau tim these things for you before S&P can be signed and stamped ?
tmc
post Feb 9 2012, 12:37 PM

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QUOTE(smsam2 @ Feb 9 2012, 12:01 PM)
EOT = extension of time?

Probably due to the standard clause of 3+1 months completion in SnP.

When I purchase my unit, the lawyer representing me also had difficulty completing the transasction.
My case was pretty bad, and eventually I have to involve bar council.
Once the liquidator is involved, the case gets complicated, and normally over money issue (who to pay what fee).

That's why owners should take this opportunity to do the verification exercise so that next time you sell your unit, you need not worry about getting your sale money in 18 months.
At least now it's discounted, and Bessie is doing it in batch, and liquidator process it in batch as well.
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I still don't understand this :-

You were the buyer, legally speaking it is not your duty to do anything. It's the seller which has to kau tim everything before the transaction can be completed. So why you are involved with the bar council and the liquidator ? Who paid for the extra expenses when you involved the bar council and liquidator ?

Unless you are telling me that because you have voluntarily carried out the extra duty to deal with the relevant parties .....
tmc
post May 30 2012, 10:47 AM

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Anyone keeps a list of the bankers who give best valuation on Bukit OUG ?

This post has been edited by tmc: May 30 2012, 10:47 AM
tmc
post Jun 6 2012, 03:11 PM

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QUOTE(stevenkkt @ Jun 6 2012, 02:47 PM)
You try to ask Taman Desa branch, I got 230k early this year. It should be higher now.
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Do you know of any other banks which give higher valuation ? Do you have the contacts ?

TIA.
tmc
post Jun 6 2012, 10:22 PM

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QUOTE(mcmak @ Jun 6 2012, 10:13 PM)
Please note that all banks will have a few valuers.. So it much depends on which valuer the banker check value with...

i personally is from OCBC and there will be like 12 valuers that we can use...

i think my CIMB friend gotten rm230k for 1222 sf unit with some minor renovation.... but need to reconfirm...

btw i always stalk this topic because i stayed here...
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If all the valuations are around RM230k, how could the 1222 sf unit be sold at RM280k ? Even at 90% loan margin, the buyers will need to fork out 50k + 23k = 73k cash !
tmc
post Jun 15 2012, 12:36 PM

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QUOTE(yeeck @ Jun 15 2012, 12:20 PM)
That's what the bank told me. I should have gone for PBB then..grrr.
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I thought the posters say PBB valuation is low and Cimb is more aggressive ? Anyone has true and real life experience ?
tmc
post Aug 8 2012, 11:21 AM

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QUOTE(yeeck @ Aug 8 2012, 11:02 AM)
Wow..'cheap' one oso already 4-5k ah? Faint...
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How are you addressing the termite issue ? The floor will be best fixed by putting tiles. The door frame, maybe change it to non-wooden one ( is there such thing ? ) If you put in another cheap wooden cabinet, it might be attacked by termite again.

Sorry for intruding into your discussion ..... sweat.gif

This post has been edited by tmc: Aug 8 2012, 11:22 AM
tmc
post Aug 8 2012, 12:20 PM

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QUOTE(yeeck @ Aug 8 2012, 11:50 AM)
My unit flooring is all tiles, no parquet when I bought it from the previous owner. Surprisingly the door is still solid and not attacked. So for now, just need to replace the door frame. For kitchen, I'm thinking of concrete table top with 2ft tiles and MIECO melamine cabinets. The kitchen area looks something like this at the moment, wondering what colour combination would look best for the kitchen cabinets as I was thinking to repaint the whole place white as well.
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Concrete table top with 2 ft tiles, that will make it more immune to future attack ? What kind of door frame will make it more immune to future attack ?
tmc
post Aug 25 2012, 09:05 PM

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QUOTE(Jazz87 @ Aug 25 2012, 08:56 PM)
Im looking for 1222sqft , any owner want to let go?Tq
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300k for a 1222 sf, would you purchase it ? Are you agent or buyer ? hmm.gif
tmc
post Aug 28 2012, 03:49 PM

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QUOTE(Jazz87 @ Aug 26 2012, 07:40 AM)
i am a buyer..my budget is around 275k, just got married. sort of cash lol  smile.gif
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Can you still find 1222 sf at 275k ?


Added on August 28, 2012, 3:52 pmAnyone knows bukit OUG kesas view units, starting from which floor onwards, it will be blocked by KR1 ?

This post has been edited by tmc: Aug 28 2012, 03:52 PM
tmc
post Sep 13 2012, 03:52 PM

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QUOTE(22222222 @ Sep 13 2012, 03:45 PM)
haha....Sinking fund.....frankly speaking....2 u pay any sinking fund b4???  biggrin.gif

I think most of subsale buyer here didn't pay any sinking fund...right. So how to use sinking fund for repainting, since sinking fund is 0 sad.gif

I pay sinking fund before around 2k++, but unfortunately in 2008 (b4 current JMB establish) all the money eat by previous management. I still remember that when i saw their financial statement.....i really said "OMG".....on that time the account is in negative figure....we owed cleaning company around 200k++

That's y that time the maintenance so bad, Squash room KO, Gym KO, Sauna room KO, Carpark no light....1 week 3~4 times, the road many holes, rubbish area like a hill and lift one month breakdown 1-2 times.

I hv almost 1 year didn't pay the maintenance fee until JMB was formed, i pay off all outstanding and put a high expectation on the team.

Today, let us compare back our those day......i think they are quite done a good job....i know not enough.....but unless the improvement are there.

Jz 2cents
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All management offices need to be very strict, in order to be effective. Do they do anything to those who did not pay up the maintenance fees ? I know of many maintenance management offices which resort to cutting water supply if the owners owe upto 3 months of fees.
tmc
post Sep 13 2012, 09:06 PM

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QUOTE(22222222 @ Sep 13 2012, 08:54 PM)
If i not mistaken....the particular of the owner will publish on the notice board.....let ppl know more your neighbor who want enjoy the service but refuse to pay the fee...... biggrin.gif  biggrin.gif  rclxms.gif
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It's just too mild ! I am quite sure that will ignored, especially for those are owners who are not even staying there.
tmc
post Oct 2 2012, 03:05 PM

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The 1222 sf units can get how much rental per month now ? Rm1200 or Rm1300 can get ?
tmc
post Oct 2 2012, 05:32 PM

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QUOTE(yeeck @ Oct 2 2012, 05:22 PM)
It is possible if you furnish it properly and are selective about your tenants.


Added on October 2, 2012, 5:23 pm
You are really spoiling the market!  vmad.gif Even my 775sf unit can get more than 1k.
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That's what I thought. Spoiling the market, really !

14xx sf rent out for 1k, the net return is much less. I supposed the 14xx sf maintenance+sinking fund will be more than 12xx or 7xx sf.

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