Dear Sifus,

I am new here and need some advice from experienced investors.

I am considering investing in Subang Andaman at Batu 3. Would maybe like to sell on completion in 2012 or hold 2-3 years. What do you think of this development? Around RM 277K for 1149 sq ft, freehold.

Also, recently found out about Setia Alam and Alam Impian. They may have terrace house launches coming in Jan-Feb 2010. Was considering whether this is better investment? Setia Alam 20×70 freehold about RM460K seems high and rental return low. Is their appreciation good? How about Alam Impian?

There's also another I&P development in Bukit Jalil, Alam Sutera. Any good prospect here?

Sorry for so many questions. Hope sifus will help out this newbie.


Best regards,
SL Chong

Subang Andaman was abandoned some time ago, and money refunded to those who booked. I have no confidence in this. If you look at their showhouse, and the surroundings, you see unfinished pillars,and bushes all grown over.

I mean for good sake, if the developer wants to sell, they need to put an effort to install hoardings to encircle up the pillars, so the public don't see it and get awed by the abandoned pillars. I won't book a unit when i see those infront of my eye. It is ODD!

Alam Sutera - Bukit jalil is selling about RM550k, leasehold. Built by a reputable developer and shares a KL address. I think it is not too bad to invest, except for land tenure.

Wow, many thanks to Sifu Chin for his advice. I was about to sign up for Subang Andaman few days ago and decided to seek advice.

How about Setia Alam or Alam Impian? Or any other worthy investment currently? Hope to hear from Sifu Chin and others.

Many thanks.

Hi Su,

I think Setia Alam will be a nice place to stay. But to invest I'm not too sure, because it might take a bit longer time to appreciate in prices. Location wise Setia Alam is a bit far off from KL/PJ city centre. In fact, Bukit Jelutong and Jelutong Heights are much nearer and these places will appreciate in price first before Setia Alam.

Hi Soehardy,
Thanks for advice. I did already invest one landed property in Denai Alam, and very happy with it. Now looking for next possible investment. I will check out Jelutong Heights, as not heard of this development before.
Cheers!

Denai Alam will be a good investment for the future I suppose.

But since you are into Shah Alam townships, you should really look at Jelutong Heights. Gated, guarded township and really nice. The financial package is also good. Definitely not to be missed.

Hardyboy,
Speaing like a true property investor

Hamidon,

Hehehe .... it takes one to recognise one.



what have you been up to, Alam Damai Tycoon ?

Is it possible this project will be abandoned again? The price of house will be descrease or not once this project completed if the project abandoned before? Is is possible the price of this house will be increase at the future? Because I have book a unit there, I like the location because convenient for my working and the price is affordable, I plan to stay myself and rent some rooms to others and maybe will sell it again after few years. Is it I can continue to buy it or better release it? please advise, thanks.

Chin Kim Keong wrote:
Subang Andaman was abandoned some time ago, and money refunded to those who booked. I have no confidence in this. If you look at their showhouse, and the surroundings, you see unfinished pillars,and bushes all grown over.

I mean for good sake, if the developer wants to sell, they need to put an effort to install hoardings to encircle up the pillars, so the public don't see it and get awed by the abandoned pillars. I won't book a unit when i see those infront of my eye. It is ODD!

Alam Sutera - Bukit jalil is selling about RM550k, leasehold. Built by a reputable developer and shares a KL address. I think it is not too bad to invest, except for land tenure.

I just saw their selling list today for Subang Andaman Condo, 60%-70% units have booked by others.... is it possible this project will abandoned again?

I book a unit too last year December but now I feel unsure of my decision.

My loan is approved already but I haven't proceed with the downpayment.

If I let go any chance of getting the RM 1000 back ?

The reason I book the unit is because I wanna secure a nice number at the 9th floor.

I plan to stay there if I am still working in Bukit Raja upon completion of the property.

Currently I am paying RM 10 a day for toll charges travelling from Cheras to Bukit Raja everyday. And I am tired of the travelling, the long route via Kesas.

nobody can answer my question?

Keith Goh wrote:
Is it possible this project will be abandoned again? The price of house will be descrease or not once this project completed if the project abandoned before? Is is possible the price of this house will be increase at the future? Because I have book a unit there, I like the location because convenient for my working and the price is affordable, I plan to stay myself and rent some rooms to others and maybe will sell it again after few years. Is it I can continue to buy it or better release it? please advise, thanks.

Chin Kim Keong wrote:
Subang Andaman was abandoned some time ago, and money refunded to those who booked. I have no confidence in this. If you look at their showhouse, and the surroundings, you see unfinished pillars,and bushes all grown over.

I mean for good sake, if the developer wants to sell, they need to put an effort to install hoardings to encircle up the pillars, so the public don't see it and get awed by the abandoned pillars. I won't book a unit when i see those infront of my eye. It is ODD!

Alam Sutera - Bukit jalil is selling about RM550k, leasehold. Built by a reputable developer and shares a KL address. I think it is not too bad to invest, except for land tenure.

Hi Keith,

There is always a risk that the project might be abandoned. That's why we should check on the developer before embarking on a property purchase.

Perhaps you should check their website for their track record of completed projects.

60%-70% ts booked or units SOLD? (At a time _frame_ of how long?)

If it is merely BOOKED, take into account the number of cancellations, due to financing problems and doubt.

The Developer has been trying very hard to push for sales. You can see their buntings all over PJ and frequent roadshows at Giant Hypermarket.

Projects that are good and in demand, does not need to have roadshows at Hypermarkets for months.

If it is 60-70% sales, what is their construction stage? If construction stage is still merely 0 - 20%, you have an idea what is going on.

Cheers.


Keith Goh wrote:
I just saw their selling list today for Subang Andaman Condo, 60%-70% units have booked by others.... is it possible this project will abandoned again?

I booked a unit in Subang Andaman last year as well. I was very happay as I really like it.
But Until now my bank loan is still not settled yet. Most of the banks told me they dont wanna loan due to the project problem. I am now stuck and dont know what to do.

Hi, may i know what is the status for the bank loan.
izzit until today, still not settle yet?

Hi, I'm just bought a unit at block 1 level 10 and facing pool view. Is there any buyer in this forum?