QUOTE(fallen_psyche @ Mar 24 2009, 10:56 PM)
Honestly dunno and dont care Marc has nothing to offer IMO barring the location, hence it was never in my watchlist
Investment invest in klcc or mt kiara?, newbie & 1st timer in buying property
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Mar 24 2009, 11:44 PM
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3,318 posts Joined: Dec 2004 From: 1Malaysia |
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Apr 4 2009, 02:59 AM
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4,256 posts Joined: Jan 2005 |
for the price like that, y not invest in bangsar landed property ? some of the old houses i believe is around 400K - 600K right? Moreover u save on monthly maintenance fees.
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Apr 4 2009, 09:24 AM
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3,318 posts Joined: Dec 2004 From: 1Malaysia |
Bangsar landed property gives poor yield, not suitable for those gunning for good monthly rental incomes.
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Apr 4 2009, 12:30 PM
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16 posts Joined: Apr 2006 |
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Apr 5 2009, 06:37 PM
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338 posts Joined: Aug 2006 |
QUOTE(fallen_psyche @ Mar 24 2009, 07:57 PM) wow... thanks for all the head ups... What is next to marc? you will have glomac tower's workers banging for the next 3 years. siapa mau rent marc? ok... here now i answer all questions... 1. basically now i'm looking more towards buying marc residence than I-zen after i did sum surveying around and i think that it is a bit too congested in mt kiara and i agree that it's a bit too pricey. 2. i hv enough cash for the down payment including all legal fees and s&p docs and my idea is if i do not hv d retaining power to sustain the installment, i wld not buy d property. so yeah, even without tenant for few yrs (hopefully not gonna happen since it's investment purpose! hehe!), i can afford to pay. i also agree that buying with cash is not too wise (no offence to anyone!!) 3. why i choose marc is because it's all about location location and location. firstly, klcc area is a prime city area. correct me if i'm wrong, but comparing malaysia's property price to all our neighboring country, ours is actually lower. therefore i think that in yrs to come, our country's property price, especially around golden triangle will rose up to reach the better economic standard, no? 4. i'm also aware that around tat area lotsa property are coming out and that there may be over supply but i found out that in really golden triangle area which r really close to KLCC, only 3 blocks (or 4 considering there's 2 tower of marc) has got small unit sizes studio apartment. parkview is one, but dun like the entrance and know it's got certain problems and 2 is d coming up lot 163 where d price is so much more expensive compare to marc in terms of size. Hence, if someone r to choose from these 3, dun u think marc has got better potential??? 5. i'm also aware tat d occupancy rate in marc is not so good but can anyone tell me d reason??? 6. of cos i'm not investing in this property for a short period of time and more of a middle to long term one, with the price so low now, i just tot its a buyers market, which brings me want to buy in now... hehehe... 7. do anyone of u think tat d market is still gonna drop further and tat shld i wait for a little while more?? pls argue with me more as i think a good debate will lead to a better judgment in deciding whether or not to go in this time around!!! thanks so much everyone!!! What is in front of marc? One KL, and prices around RM1500psf though, so marc's RM1000psf may be due to that. it's only a batu throw away! Why not consider Zest? You'll have more or less all the info you need right here! I really don't understand why so many ppl think the nearer a property to KLCC is, the better it is. Personal preference I can get, but I bet my fat ass most buat follow je... |
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Apr 5 2009, 11:34 PM
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16 posts Joined: Apr 2006 |
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Apr 5 2009, 11:38 PM
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3,318 posts Joined: Dec 2004 From: 1Malaysia |
QUOTE(meejawa @ Apr 5 2009, 06:37 PM) I really don't understand why so many ppl think the nearer a property to KLCC is, the better it is. Personal preference I can get, but I bet my fat ass most buat follow je... This proves one thing, that just bcoz one has the $$$$$ doesnt mean they know what to do with it. Simply invest in properties just to look smart, and shouting the old mantra --> location, location, location |
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Apr 5 2009, 11:45 PM
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93 posts Joined: Mar 2009 |
Zest, too much supplies over there, too many brand new mid cost apartment behind zest and nice terrace house beside zest. what transportation they have there? no bus, no lrt for now.
Setia Walk OVERPRICED! only 325k start for low unit, how much rental you can expect? ie, 1000sf, maintenance rm250. Even u rent it out 2k per month, u wont make much from that! If BLR go up to 7-8% someday, most probably u will have negative cash flow. Sorry, usually i only look at the dark side of the project ;p This post has been edited by hacker6280: Apr 5 2009, 11:49 PM |
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Apr 5 2009, 11:49 PM
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1,479 posts Joined: Dec 2008 |
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Apr 6 2009, 11:35 AM
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753 posts Joined: Dec 2008 |
QUOTE(eugene jk @ Apr 5 2009, 11:49 PM) Yes, but he did make some good points regarding the fact that it is overpriced. With rgds to Setia walk especially. It does not pass any "stress tests" at all. You'll be bleeding cash flow every month - just my 2 cents that's all. |
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Apr 6 2009, 12:16 PM
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1,479 posts Joined: Dec 2008 |
Yes.. no doubt SW is overpriced.. I guess SP Setia had slowly learn their lesson.. or they dun care..
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Apr 6 2009, 12:17 PM
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85 posts Joined: Feb 2009 |
wow..so rich~
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Apr 6 2009, 05:56 PM
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16 posts Joined: Apr 2006 |
QUOTE(Pai @ Apr 5 2009, 11:38 PM) This proves one thing, that just bcoz one has the $$$$$ doesnt mean they know what to do with it. Simply invest in properties just to look smart, and shouting the old mantra --> location, location, location thing with puchong area is tat, i think it'll be a better bet to buy landed properties or shops instead of apartment n service residence... since there's so much land in tat area. tat is one of d reason y i did not choose there...and i agree tat i'm only looking at location... hehhe |
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Apr 6 2009, 09:36 PM
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338 posts Joined: Aug 2006 |
QUOTE(fallen_psyche @ Apr 6 2009, 05:56 PM) thing with puchong area is tat, i think it'll be a better bet to buy landed properties or shops instead of apartment n service residence... since there's so much land in tat area. tat is one of d reason y i did not choose there... I was thinking long and hard on this as well...and I've finally decided to EXIT from Zest. The service apt at least. Commercial one I'm holding fast.and i agree tat i'm only looking at location... hehhe |
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Apr 6 2009, 10:03 PM
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753 posts Joined: Dec 2008 |
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Apr 6 2009, 11:33 PM
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594 posts Joined: Mar 2005 From: Bowser Koopa Castle |
KLCC is better then Mont Kiara.. For eg. Dua Residency, Jalan Tun Razak (infornt KLCC) has 80% occupancy rate. Dont get Parkview because of the noise from the clubs.
Mont Kiara now has about 30% only (or less) for the new ones and below 80% for the old ones. Too many new buildings there |
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Apr 7 2009, 12:12 AM
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3,318 posts Joined: Dec 2004 From: 1Malaysia |
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Apr 7 2009, 12:31 AM
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16 posts Joined: Apr 2006 |
QUOTE(koopa @ Apr 6 2009, 11:33 PM) KLCC is better then Mont Kiara.. For eg. Dua Residency, Jalan Tun Razak (infornt KLCC) has 80% occupancy rate. Dont get Parkview because of the noise from the clubs. yup! couldnt agree more in regards to parkview... tat's y it's not on my list...Mont Kiara now has about 30% only (or less) for the new ones and below 80% for the old ones. Too many new buildings there actually after serious consideration, i think marc tower A wld be a good choice no? since it's away fr all constructions and noise... i dunno... just a tot... |
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Apr 7 2009, 01:42 AM
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All Stars
18,672 posts Joined: Jan 2003 From: Penang |
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Apr 7 2009, 03:41 AM
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594 posts Joined: Mar 2005 From: Bowser Koopa Castle |
QUOTE(fallen_psyche @ Apr 7 2009, 12:31 AM) yup! couldnt agree more in regards to parkview... tat's y it's not on my list... Yeah. Marc is awesome if you could get it at below RM900psf. This is the price for last few months, now im guessing it should be lower. Maybe 800psf. Im looking at Marc too. Hehe. Another choice would be Hampshire, Idaman, K Residence, Binjai etc. But i dont know how old are those place.actually after serious consideration, i think marc tower A wld be a good choice no? since it's away fr all constructions and noise... i dunno... just a tot... |
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