Welcome Guest ( Log In | Register )

Outline · [ Standard ] · Linear+

Investment invest in klcc or mt kiara?, newbie & 1st timer in buying property

views
     
Pai
post Mar 24 2009, 11:44 PM

~ Billionaire in training ~
*******
Senior Member
3,318 posts

Joined: Dec 2004
From: 1Malaysia



QUOTE(fallen_psyche @ Mar 24 2009, 10:56 PM)
do u think marc is gonna drop further???
*
Honestly dunno and dont care tongue.gif

Marc has nothing to offer IMO barring the location, hence it was never in my watchlist smile.gif
hackwire
post Apr 4 2009, 02:59 AM

Look at all my stars!!
*******
Senior Member
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.
Pai
post Apr 4 2009, 09:24 AM

~ Billionaire in training ~
*******
Senior Member
3,318 posts

Joined: Dec 2004
From: 1Malaysia



Bangsar landed property gives poor yield, not suitable for those gunning for good monthly rental incomes.
TSfallen_psyche
post Apr 4 2009, 12:30 PM

New Member
*
Junior Member
16 posts

Joined: Apr 2006


QUOTE(Pai @ Apr 4 2009, 09:24 AM)
Bangsar landed property gives poor yield, not suitable for those gunning for good monthly rental incomes.
*
yup i agree!
i think for own stay it'll be a great choice though!! tongue.gif

meejawa
post Apr 5 2009, 06:37 PM

Casual
***
Junior Member
338 posts

Joined: Aug 2006
QUOTE(fallen_psyche @ Mar 24 2009, 07:57 PM)
wow... thanks for all the head ups...
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 next to marc? you will have glomac tower's workers banging for the next 3 years. siapa mau rent marc?

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! smile.gif

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...

TSfallen_psyche
post Apr 5 2009, 11:34 PM

New Member
*
Junior Member
16 posts

Joined: Apr 2006


QUOTE(meejawa @ Apr 5 2009, 06:37 PM)

Why not consider Zest? You'll have more or less all the info you need right here! smile.gif


*
wld u mind telling me y zest is good?
i have considered tat but sumhow i hv a thinking tat service residence might not work in tat area...
if zest y not setia walk??
thanks! rclxms.gif
Pai
post Apr 5 2009, 11:38 PM

~ Billionaire in training ~
*******
Senior Member
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 tongue.gif




hacker6280
post Apr 5 2009, 11:45 PM

Getting Started
**
Junior Member
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
eugene jk
post Apr 5 2009, 11:49 PM

Regular
******
Senior Member
1,479 posts

Joined: Dec 2008
QUOTE(hacker6280 @ Apr 5 2009, 11:45 PM)
Zest, too much supplies over there, too many brand new mid cost apartment behind zest and nice terrace house beside zest.
*
mismatch of property type and market segment for comparison.. IMHO

This post has been edited by eugene jk: Apr 5 2009, 11:54 PM
Phoeni_142
post Apr 6 2009, 11:35 AM

Enthusiast
*****
Senior Member
753 posts

Joined: Dec 2008
QUOTE(eugene jk @ Apr 5 2009, 11:49 PM)
mismatch of property type and market segment for comparison.. IMHO
*
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.
eugene jk
post Apr 6 2009, 12:16 PM

Regular
******
Senior Member
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..
tauyik
post Apr 6 2009, 12:17 PM

Getting Started
**
Junior Member
85 posts

Joined: Feb 2009
wow..so rich~
TSfallen_psyche
post Apr 6 2009, 05:56 PM

New Member
*
Junior Member
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  tongue.gif
*
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 tongue.gif
meejawa
post Apr 6 2009, 09:36 PM

Casual
***
Junior Member
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...
and i agree tat i'm only looking at location... hehhe  tongue.gif
*
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.
Phoeni_142
post Apr 6 2009, 10:03 PM

Enthusiast
*****
Senior Member
753 posts

Joined: Dec 2008
QUOTE(meejawa @ Apr 6 2009, 09:36 PM)
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.
*
a wise decision, my friend.
koopa
post Apr 6 2009, 11:33 PM

On my way
****
Senior Member
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
Pai
post Apr 7 2009, 12:12 AM

~ Billionaire in training ~
*******
Senior Member
3,318 posts

Joined: Dec 2004
From: 1Malaysia



QUOTE(meejawa @ Apr 6 2009, 09:36 PM)
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.
*
wah..........seriously? shocking.gif

Anyway, am sure u have your reasons, good luck chief smile.gif
TSfallen_psyche
post Apr 7 2009, 12:31 AM

New Member
*
Junior Member
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.

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
*
yup! couldnt agree more in regards to parkview... tat's y it's not on my list...
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... tongue.gif
SUSgogo2
post Apr 7 2009, 01:42 AM

gogo2
********
All Stars
18,672 posts

Joined: Jan 2003
From: Penang


QUOTE(Pai @ Apr 5 2009, 11:38 PM)
Simply invest in properties just to look smart, and shouting the old mantra --> location, location, location  tongue.gif
*
seems like talking about me icon_question.gif I feel scared now. Maybe I shouldn't touch property until I really know
what I'm doing.
koopa
post Apr 7 2009, 03:41 AM

On my way
****
Senior Member
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...
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... tongue.gif
*
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.

3 Pages < 1 2 3 >Top
 

Change to:
| Lo-Fi Version
0.0162sec    0.57    5 queries    GZIP Disabled
Time is now: 18th December 2025 - 04:35 AM