Malaysia Money Matters

Yet another "stumbled upon" development last weekend after going to the morning market & breakfast. Went in to have a look and spent quite a lot of time there because it seemed like quite an interesting project. Executive summary (tl:dr version upfront) - I reckon it is a Good Deal . BUY for own stay, it will be a nice place to live. Buy to flip also can. Rental may be so-so, this place looks like it will be an owner-occupied type of condo. So here are the reasons why I quite like it: Price wise - not bad, works out to be about RM600 per square foot Option of a dual key unit AND if you want, you can convert it to a single with more combined square footage Huge sports centre as part of the deal for the land - the developer has to build it for DBKL, so there is that whole "healthy lifestyle" thing going for it Facilities are extensive - sales lady kept going on and on about it, I was like, yeah yeah - we've lived in fairly high end condos before ba...

Was at Nu Sentral and saw the Kota Semarak booth there, so went to have a look - I was aware of this development some time back but I think the promotion is only just starting to rev up now - they are also just taking registration only, not deposits. Pricing, layout and other details are available already but since I was rather in a rush that day, what I got was this: Large scale development - will end up with around 1,200+ units over 4 separate buildings The land area is pretty large - 27 acres, so it's pretty massive Leasehold Location is actually very close to town, just down Jln Semarak - heavy traffic though Location has no LRT nearby You'd have to travel in the opposite direction away from town to get to town - e.g. the condo is pretty much equidistant to both Sri Rampai and Ampang Park - if you're working in town, you might as well just drive (of course, parking considerations etc etc) Next to the DUKE Highway with access to both directions of the highway...

A commenter asked me about it some time ago and I said I didn't check it out ... and wasn't particularly planning to either because I thought it was already launched and sold out etc. ANYWAY, coincidentally a relative wanted to go see the showroom so I tagged along - seems to be a theme going on of me tagging along! and so I DID actually check out it. So here's the deal: This is the last parcel of land by the same developer of Villa Wangsamas and it is the plot closest to the Sri Rampai LRT station (surprised? Of course not, save the best of last, isn't it?). 3 towers of about 30+ floors if memory serves me correctly Leasehold Big-ish layouts, starts from 1.1k sf, 1.3k and I think the biggest is close to 2k sf thereabouts Price is about RM800 per square foot About 8 units per floor, each unit is like a "corner" because they are arranged in a circle around the lift column - so 4 pairs each, then each unit can have corner windows. What do I think...

Saw a banner at the traffic junction on Desarina Bayu in Sri Rampai. It is a pretty high-end development for 3-storey terrace houses starting from about RM1.6 million up to RM2.5 million. The interesting / good thing is that it is a Build-then-Sell project; hence absolutely no risk of the project being abandoned. Only 70 units, so it must be a fairly small area. Location wise is where it starts to get a bit unstuck. It is adjacent to the Sri Rampai Business Park - which is quite a decent place, still new and has some decent Chinese eateries and a large car park area although that doesn't help if you are going to the shops on the other end of the centre. The problem is, unfortunately, Sri Rampai as a whole. It is a rather densely populated garden that has a working class population. Next to it is Kampung Rejang, an even more populated area that is distinctly down at heel... during the election, a friend of mine who was volunteering there was shocked. OK, admittedly, he i...