Malaysia Money Matters

I wrote about Nadayu 62 earlier. Lately, the banners and billboards for Nadayu 63 have come up. 296 service apartment units (small-ish), ranging from 500+ sf up to 1,100 sf at around 800+ per square foot. There are also 42 retail units starting from RM3.2 million each - so basically, there's going to be a mini mall within Nadayu, so they won't even need to venture the 2km distance to the upcoming Melawati Mall. Completion date estimated in 2017 and leasehold. Very interesting - it looks like Nadayu is trying to create a self- contained village by having enough critical mass of younger people who can afford the smaller units to ensure that the mall is self-sustaining to benefit the low dense bungalow dwellers. So do we like this? Well, the location is lovely - very quiet, an annex or appendix of Melawati. The con is that it is a leasehold and maintenance is likely to be pricey - because you're paying for the exclusivity (although, I don't think 296 units in a...

I know, this is a cheat post - just post something and it becomes number 100 already! hahaahha

SURE OR NOT? Wah, I got this sms, and I quote: "New-Launch@beside Paradigm Mall Kelana Jaya  - 33.2% disc  - Cash back RM160k  - 90% loan  - P/Furnish  - LDP & NKVE  - shuttle bus to LRT  - 2year CF " This makes me wonder - is the RM160K the 33.2% discount or are they 2 separate things altogether? The whole thing sounds too good to be true and even if it were true, then it begs the question - if you could give away such a Hefty discount of 33.2% (not knowing what the actual price is, mind you) then surely you must have really overpriced it in the first place. Then the RM160k, if you can afford to give it back then why ask for it in the first place? Anyway, all this is fine, whatever, marketing gimmicks and what have you - if it makes the sale, fine. But seriously, it just means that you're taking the buyers for a ride, isn't it?

Just a bit of fun.. :) If you live in ___ then you are ____ : Bukit Tunku (Kenny Hills) and Bukit Persekutuan (Federal Hill) = Seriously wealthy, old money, royalty, very low key. Bukit Damansara (Damansara Heights) = just one step below the above, either first generation civil servant families from pre- and post-Independance, politicians and ahem, business cronies. Also, business families who made it big from the 60's and 70's. Wealthy but a wee bit flashier than the Kenny Hills crowd. Still classier than .... Bangsar = Newer money, families of corporate figures and professionals who did well from the 80's onwards. An aspirational neighbourhood, it also attracts ambitious non-KL-born folks here to make it big. The party neighbourhood of the 90's, still remembered fondly for its bars, restaurants and late-night stalls after clubbing. A younger but more low-key  affluent clone of Bangsar is TTDI (Taman Tun Dr Ismail) ; TTDI folks are rather nicer and more easy-...

Actually, I'm quite blur - I only notice new developments when they start construction! LOL So the land clearing happening right in front of Wangsa Walk caught my attention yesterday and so after a wee bit of checking - it is a fairly high end project by Mitrajaya. [I was not too impressed with their sales handling of Quartz16 - the favouritism is strong in this one] SO... I think I should check out their sales gallery at the Rampai Business Park this weekend, if time permits. The pertinent detail that is a bit of a turn-off at present is this: You cannot purchase the smallest unit unless you buy the bigger one FIRST! Then you have an "option" to purchase the small one OR you can pass-it-on to a friend and get an 8% discount. It's not dodgy or anything but somehow... it doesn't sit right with me, like it unfairly benefits people with money against those who don't. Surprising coming from me? I'm actually quite left-leaning at times, depends on t...