2. To date I have yet to see a single developer presenting a final product matching anything close to their brochures. 75% of what's in the brochure? I think is already out of this world! I think that if any developer can match half of what they show in the brochure, buyers are getting a super bargain!

3. I believe you're referring to only one Mayland project? Any chance it's the one in Plaza Damas? I heard there was a terrible accident that killed one of the "think tank" of M'sia. And due to that accident, one of the ongoing project was halted. I couldn't verify any of that story because I just came back to M'sia not too long ago. And I'm not even sure if the delay and the accident were related. If it is, seems like it's not entirely the developer's fault, but then again, someone always has to pay. Buyers care about their end product as they do take lots of personal risk. And developers generally take a lot of risk as well doing development.

But then again, it is just me. I stand strictly on a business point of view. Mayland had a project in KLCC, which originally went for RM200K++.
On thinkproperty.my, I've seen people asking for RM550K for the same unit type 8 or 9 months ago.

Had a friend who bought a unit near Jalan Kuching for RM217K, today people are asking for RM315K to RM325K. A year after completion/move-in....

For the project on Sultan Ismail, prices has raised approximately 30% since last year. Some of the good units that were booked earlier due to unapproved loans were taken back by the developer are not back in the market because the demand continues to increase and they'll be released later at a price 50 to 60% higher than the original price. Those who got it earlier and still have it....mmmm.......ahem...... paid 10% (after a 10% discount, so total 20% paid for) to date and earned the total amount's 50% to 60%++? That's many 100% returns!!

Well, delay and poor quality or not, sometimes it's all a matter of individual perception. I've seen people complained about the poor quality of several multi million ringgit condos in KLCC but there are people that deem them fully acceptable and thus there are still plenty of buyers who are buying them at the secondary market. Even during this a bad economy.

When it comes to property, it's always about three things, and I'm glad that you agree as well. 1.Location 2.Location 3.Location.

That being said, I'm always for the individual buyer. I pray that you'll win your case and get fully compensated (including legal fees and interest accumulated during the time elapsed). As you are not a developer sitting on a project worth a hundred million but an individual buyer that hardly have a fraction of the company's net worth. It's part of the calculated risk that developers take. They should pay you back! And it won't bankrupt them!

But let's focus and talk about Mon't Kiara here as originally intended, shall we?

I have a friend looking at a RM480,000 unit for subsale on i-Zen I and it comes with a current tenant with a lease with one more year to go. Monthly rental is RM3000. After deducting maintenance, it is RM2800/month.
Is that above the average return for Mon't Kiara?
Or is that below, or is it above? Right now it's a flat 7% return.

Is that good or bad for Mon't Kiara in general?
Does anybody have any idea? Please comment.
Any other related examples of subsale in Mon't Kiara and their rental rates?

Dear Friend,

Mont Kiara - I feel the area is congested with too many high rise buildings, the roads are rather narrow, safety is an issue which would be good to consider, polluted in some ways. It may be logistically convenient as it is not too far from KL town, but the massive traffic along the narrow roads is an issue to ponder about. motorcycles speeding away to the construction site, lorries carrying loads of construction materials is indeed an eye sore.

I must agree that the area is surrounded with expat, and can be pretty lively during the evenings. The condos are of modern built-up. Good to consider for investment as the expat market tend to flood the area.

Mayland - have come some way since their older shitty project!

I baught Sri Putramas 1 and i must say, the output was worst then a low cost apartment! Sold it off 2 years later but made a good sum of money, not becoz of Mayland construction but becoz of their land bank location, which helped! Over the years, they seem to have improved. I realised Sri Putramas 2 was better, as far as what i heard. Any SP2 owners can comment?

I will still avoid Mayland!

G

There's a Chinese saying, never fight against money. I'm in it purely as a business decision. The risk is much lower these days as you noticed their improvements as well. SP2 is way better. A couple of my friends own them and they are sitting on something worth approximately 50% more than what they've paid for. But then again, they are stuck with the dilemma of whether to sell it off at a profit or stay in there, which they originally wanted to. Either way it isn't too bad, right?

I love Mont Kiara as a place to live. Very convenient, looks nice and new, but it has no public transport. Incredible, no?

Most people who live there probably have drivers and I believe those Sunlight cabs practically camp around there, no?

Hi, i am going to follow my husband to station in KL for 1 year. We have car and my husband is working in KL central and i will do my part time study in Sunway college. We both know about KL but we dont know where to stay. My friend said Mont Kiara and Bangsar are good as we are from France. We hope we stay somewhere which international neighbors.
But after reading your reviews... I am a bit step off the mont Kiara. Any advice?
Thanks!

Hi, i am going to follow my husband to station in KL for 1 year. We have car and my husband is working in KL central and i will do my part time study in Sunway college. We both know about KL but we dont know where to stay. My friend said Mont Kiara and Bangsar are good as we are from France. We hope we stay somewhere which international neighbors.
But after reading your reviews... I am a bit step off the mont Kiara. Any advice?
Thanks!

you are going to have one car or two car?

btw, your husband has fix working hour (9 - 5) or flexible? how bout your schedule for your partime study?

btw, which part of KL Central?

try google maps to get the distance from sunway college & KL central, then choose where you want to stay.

Edward Chen wrote:
2. To date I have yet to see a single developer presenting a final product matching anything close to their brochures. 75% of what's in the brochure? I think is already out of this world! I think that if any developer can match half of what they show in the brochure, buyers are getting a super bargain!

3. I believe you're referring to only one Mayland project? Any chance it's the one in Plaza Damas? I heard there was a terrible accident that killed one of the "think tank" of M'sia. And due to that accident, one of the ongoing project was halted. I couldn't verify any of that story because I just came back to M'sia not too long ago. And I'm not even sure if the delay and the accident were related. If it is, seems like it's not entirely the developer's fault, but then again, someone always has to pay. Buyers care about their end product as they do take lots of personal risk. And developers generally take a lot of risk as well doing development.

But then again, it is just me. I stand strictly on a business point of view. Mayland had a project in KLCC, which originally went for RM200K++.
On thinkproperty.my, I've seen people asking for RM550K for the same unit type 8 or 9 months ago.

Had a friend who bought a unit near Jalan Kuching for RM217K, today people are asking for RM315K to RM325K. A year after completion/move-in....

For the project on Sultan Ismail, prices has raised approximately 30% since last year. Some of the good units that were booked earlier due to unapproved loans were taken back by the developer are not back in the market because the demand continues to increase and they'll be released later at a price 50 to 60% higher than the original price. Those who got it earlier and still have it....mmmm.......ahem...... paid 10% (after a 10% discount, so total 20% paid for) to date and earned the total amount's 50% to 60%++? That's many 100% returns!!

Well, delay and poor quality or not, sometimes it's all a matter of individual perception. I've seen people complained about the poor quality of several multi million ringgit condos in KLCC but there are people that deem them fully acceptable and thus there are still plenty of buyers who are buying them at the secondary market. Even during this a bad economy.

When it comes to property, it's always about three things, and I'm glad that you agree as well. 1.Location 2.Location 3.Location.

That being said, I'm always for the individual buyer. I pray that you'll win your case and get fully compensated (including legal fees and interest accumulated during the time elapsed). As you are not a developer sitting on a project worth a hundred million but an individual buyer that hardly have a fraction of the company's net worth. It's part of the calculated risk that developers take. They should pay you back! And it won't bankrupt them!

But let's focus and talk about Mon't Kiara here as originally intended, shall we?

I have a friend looking at a RM480,000 unit for subsale on i-Zen I and it comes with a current tenant with a lease with one more year to go. Monthly rental is RM3000. After deducting maintenance, it is RM2800/month.
Is that above the average return for Mon't Kiara?
Or is that below, or is it above? Right now it's a flat 7% return.

Is that good or bad for Mon't Kiara in general?
Does anybody have any idea? Please comment.
Any other related examples of subsale in Mon't Kiara and their rental rates?


i-Zen I? what's the built-up? fully furnished?

Looking at meridin now. What is the price? Does it have potential to go up? Is the noise really bad? Thanks

Is living in MK is good idea for the one working around Kenny Hills?
When I checked the map I realized that those 2 places aren't far from each other.
How long does it take from MK to KH by car?

Thanks

1 word : OVERSUPPLY

DBKL and Mayland also would start their project there..... LOL