Monday, February 28, 2011

SPOTTED!

SPOTTED! Website: Mudah.my
Area: Desa Indah 2, Miri
Price: RM228,000
Type: Single Storey Link House
Tenure: Leasehold (60 Years)
Bedrooms: 4
Bathrooms: 2  
Size: 1300 sq.ft.
Contact: Tan (013-8385505)

With land size 4.7 point, the house is going to be handed over by the end of the year. Mostly coming along as an empty lot, some really cheap materials inside, especially kopitiam-type sinks and non-solid wooden doors.


Size: FOOH!
Location: FOOH!  

Well, a 2 FOOH! property. First in my blog.

PropertyFella's Verdict:
Well, a FOOH! for the size, due to the wide car porch in front, compared to all those low cost single storey terraces in Senadin, which aren't exactly low cost. With similar houses of 900 sq.ft. breaching the cap of RM200K coming up from Miri Housing this year, RM228K is, well, considered as a adequate price in Miri. Another FOOH! for the location, because... you can't actually deny that Permyjaya is expanding. Success of the new commercial area? Pending. Anyway, Permyjaya is still non-existent in Google Maps. *Smacking forehead*

Nautica


Starting price at RM896K for 1392 sq.ft.

Alright, that's not my thing. Even if it comes with all the above mentioned furnishings.

The Place



Do you know what place is this?

It's The Place.

Sounds kinda good, got Ooomph.

Sunday, February 27, 2011

Shaftsbury Square


Last chance to get hold on this piece of investment. Not cheap, but good location.

Work your accounts, dudes!

D'Demang


Launches and launches!

RM415K for double storey terrace, what did I say?

Seri Kembangan's BOOMING.

SPOTTED!



SPOTTED! Website: Mudah.my
Area: Miri
Price: RM680,000
Type: Double Storey Intermediate Shophouse
Tenure: Leasehold (60 Years)
Size: 3800 sq.ft.
Contact: Tan (013-8385505)

Expected for handover at the end of the year, the shophouses as in the picture, mentioned by the advertiser as "very near" to the 60% completed Permy Mall, also regarded as a "very good investment because Permyjaya is the largest residential area in Miri".

Size: FOOH!
Location: FOOH!  
Design: FOOH! 
Potential: FOOH!

4 FOOH!s shophouse, an investment of moderate risk.

PropertyFella's Verdict:
Over half a million for a lot of intermediate 2 storey shophouse, any people would have called you an idiot 5 years ago. But now? That's the market, believe it. An intermediate 3 storey shophouse is even selling at RM720K in Sibu prime area, with the corner lot fetching almost RM1.5 million, for the so-called big rental giants, the BANKS. Honestly speaking, the shophouses in Permyjaya isn't doing so good. Supply's higher than demand. Will Permymall work the magic? Let's hope so, since Merdeka Mall is dropping out of the contest.

Saturday, February 26, 2011

SPOTTED!




 
SPOTTED! Website: Mudah.my
Area: Miri
Price: RM450,000
Type: Semi Detached House
Tenure: Leasehold (60 Years)
Bedrooms: 4
Bathrooms: 3
Size: 4400 sq.ft.
Contact: Ms. Wong (012-7393758)

Alright, with Miri's property market, a Semi-Detached House with a basic built-up area of 2400 sq.ft, it's at least RM400K and above, unless it's somewhere in the sideskirts. Anyway, the house, which is located in Xiang Xiang Garden, is less than 5 years old and about 5 minutes drive to town center, Morsjaya Commercial Centre, Miri Airport and Merdeka Mall. Not very advanced design, not a very clever choice of paint, but the sell focus is on its size, so, who cares about the design and paint?

Location: FOOH!  
Furnishings: FOOH! 
Size: Double FOOH! 
 
And again, a moderate value of purchase.

PropertyFella's Verdict:
RM450K, a standard value for a semi-detached house of this size. Room for negotiation? There's always room for negotiation. Minor renovation and furnishing budget have to be allocated before move-in. Not a bad choice for big families. Could be a very worthy buy in these times if the price can be further reduced. Even terrace houses are now worth the same price in West Malaysia, size halved.

SPOTTED!





SPOTTED! Website: Mudah.my
Area: Wangsa Maju
Name: Menara Alpha Condo,
Price: RM258,000
Type: Apartment
Tenure: Leasehold (99 Years)
Bedrooms: 2
Bathrooms: 1
Size: 986 sq.ft.
Contact: Ab (010-2763050)

Investments. I mean INVESTMENTS.
 
Alright, guessed you heard that. From the pictures of the kitchen and bedroom, it isn't exactly that bad. No matter what, it is not a bad investment to purchase a partially furnished property with all basic banking, shopping and LRT station nearby. Currently tenanted to working females and students, owner claimed that a RM260K loan can be obtained from the bank. Believe it or not! That's the property market nowadays for an apartment. 

And probably you'll met the companion of your life when the contract to the female tenants is extended. 
*Cheeky Grin*

Price: FOOH!  
Furnishings: FOOH! 
Rental Potential: Double FOOH! 
Location: Double FOOH!
 
A second 6 FOOH!s property in 2 days. Imagine that!

PropertyFella's Verdict:
2 bedrooms tend to be a bit troublesome, as with that property size, 3 bedrooms would be nice, potential to collect a higher overall rent as well. Probably there might be rooms shared between the tenants, a base rental not less than RM800 would be adequate for the location. But anyway, this confirms a larger kitchen and living room as well, not exactly that LARGE compared to other properties, but it's considered good for an apartment of that size. Try getting the price reduced to RM245K, we'll have a better annual return. Well, not a bad property investment huh?




Friday, February 25, 2011

SPOTTED!



 





SPOTTED! Website: Mudah.my
Area: Old Klang Road
Price: RM230,000
Type: Condominium
Tenure: Leasehold (99 Years)
Bedrooms: 4
Bathrooms: 3
Size: 1084 sq.ft.
Contact: Jamunah (012-2521026)

Honestly, nothing much revealed in details. It was stated "fully-furnished", thus, I guess we ought to believe it from the picture. And... it's put up for sale in urgency because the owner is migrating overseas. RM230K for a condominium in Old Klang Road, what are you waiting for?

Anyway, hold your horses. Either it's a scam, or it is situated in a very isolated old block in Old Klang Road, or it is a really good deal. As I said again, do your homework before the decision. My assessments are just purely based on the pictures and statements posted by the advertiser, unless, they invited me over, and again which, is not happening. I'm a cruel property valuer.

Furnishings: Double FOOH!
Price: Double FOOH!  
Location: Double FOOH!
 
And 6 FOOH!s reappeared again!

PropertyFella's Verdict:
Every idiot can see it as a good bargain. But every idiot might not be able to see the catch behind. There's a catch for every bargain, unless you are that lucky to spot on one without. There's a reason why no picture of the overall condominium block is portrayed and there's a reason why no exact location is specified. Design's a bit old, you can see that from the furniture and the door plate, apart from the bathroom, which at some point, I thought it was extracted from some other houses. Anyway, if you think that it's too good to be true, try out the phone, and remember the rule of thumb to avoid scams, never pay before you see the stuff! Enjoy your hunt!

Thursday, February 24, 2011

The Sandersons


The Sandersons. The name just puts a very "western" touch to the property. It's sort of like you walk out from your cottage, and there stands a couple with a sweet smile and baked pie in their hands, following with some hugs and kisses on the cheeks. They're the Sandersons!

Alright, enough with all that crap. 

Anyway, the low density condominiums consist of 3 blocks, Sanderson Homes (Block A), Sanderson Suites (Block B), and Sanderson Villas (Block C). Block A, comprising of 134 units come with spacious built up from 1,480sq ft to 1,550sq ft. It comes with 3+1 bedrooms and three bathrooms while Block B has smaller units of about 900sq ft that comprises of 3 rooms and 2 bathrooms. Each floor in Block A and Block B has eight units with three lifts.

Sanderson Villas boasts only 10 exclusive units per block. The 3 +1 bedrooms and 3 bathrooms villas offer built-up areas of between 1,400sq ft and 1,600sq ft. With one lift servicing two units per floor, all units have a garden and swimming pool view. There is also an individual private roof garden at the top floor – perfect for homeowners who love to entertain guests.

Offered at a starting price of RM263K, and there's a moment of pause, then you go... "Why is it so cheap?"

Location-wise. I presumed. It's far inside. And traffic's awful in peak hours.


But anyway, it comes with every condo facilities that you can think of. A fully equipped gymnasium, swimming pool, wading pool, games room, a children’s play area, surau, reflexology path, and a 2-acre landscaped linear park complete with modern art sculptures created from recycled materials and landscape furniture. And a penny for the thought, high security system featuring 24-hour CCTV surveillance, smart access card system and secured lift lobby at every car park.

 


So, worth it?

Again, it's a balance between the lifestyle you like, the traffic you can endure, the distance from where you work, blah blah blah. To me? It's a nice property. A bit of isolated though. Launched since September 2010, and if it is still put up for sales up to now, it indicates that the reaction is yet to be that good. But who knows, it could be a lack of promotion.

Whatever it is, a piece of cow dung in your eyes could still be gold in the eyes of another's.

Wednesday, February 23, 2011

Emerald West


Equation of the AD that all PDFs should know:

Guocoland = Never cheap, but Quality Assured.

SPOTTED!


 
SPOTTED! Website: Mudah.my
Area: Greenville, Miri
Price: RM520,000
Type: Double Storey Semi-Detached
Tenure: Leasehold (60 Years)
Bedrooms: 4
Bathrooms: 3
Size: 3638 sq.ft.
Contact: Vincent (series2hp@yahoo.com)

Look down guys, it's the 2nd Picture, the right side of the structure. For the one up there, it's a showhouse. See the pennant with all those colorful flags, well, it symbolizes "SHOWHOUSE". A Semi-D with different designs on each side? Rare.
Greenville, as most people reckoned, it's a part of Senadin. Well-known with modern designs and paint selections, developer Polar Light is at the verge of completing this specific phase. Sold at a price of not more than RM450K I presumed, during its launch less than 2 years ago, and now here it surfaces for sale, RM520K. Scary? Yes it is.

At least I saw some mentioning upon the upper floor's being laminated.

Gated Community: FOOH!
Design: FOOH!
Size: 1 1/2 FOOH!
And rarely I gave a 1/2 FOOH!. It's a dilemma though. Considering that the design is contributing to most of the price disadvantage.

PropertyFella's Verdict:
Presuming that 3638 sq.ft. to be the house's walled-in area, it could be less of an argument with the price. Laminated flooring, at least it's a RM3K plus thingy. Design-wise, well, Polar Light is yet to let us down, at least for the one on the right side. To get to all furnishings as seen for the showhouse, it's another RM100K. So, my maximum bid for this property lot? RM485K, take it or leave it.

Monday, February 21, 2011

SPOTTED!






SPOTTED! Website: Mudah.my
Area: Taman Bayshore, Miri
Price: RM520,000
Type: Double Storey Semi-Detached
Tenure: Leasehold (60 Years)
Bedrooms: 5
Bathrooms: 4
Size: 3900 sq.ft.
Contact: Ms. Goh (012-8538511)

I believe every Mirians know where Taman Bayshore is. A place that wowed a lot of oversea visitors, at least that's what I heard of even until now. Coming along with 6 air-conditioners, built-in cabinets, auto-gate, alarms, and grilled, it is located in a gated community. In Miri, "gated" normally indicates "guarded". Well, at least it doesn't look like a house of 7 years old, apart from the cabinets design that basically betrayed all.

Location: FOOH!
Basic Furnishings: FOOH!
Size: Double FOOH!
 
Yet another 4-FOOH!s property due to it's price.

PropertyFella's Verdict:
My view? RM500K is the maximum cap I would go for. New Semi-Ds with modern designs, empty and slightly smaller in size, would costs around RM430K in Miri's market price. ShinYang's new Riverview Semi-Ds sized 2600 walled-in area, are priced only at RM360K, whereby it is not exactly "river-viewed" and at a lesser attractive location. Unless you are working in Shell or Petronas, enjoyed a safe community, not going to renovate most of the stuff you see in pictures above, well, there's your home! At least I like the laminated bedroom floors.

Folia


There you go, double-storey terraces priced at RM498K.

It's rare in Peninsular Malaysia, with built in area of minimum 2540 sq.ft.

The price, a combination of location, amenities and size. It sure is hell.

Sunday, February 20, 2011

SPOTTED!








SPOTTED! Website: Mudah.my
Area: Bandar Bukit Raja, Klang
Price: RM450,000
Type: Double Storey Terrace End Lot
Tenure: Freehold
Bedrooms: 5
Bathrooms: 3
Size: 2100 sq.ft. (Built-up Area)
Contact: Edzwan (012-7607310)

A 7-year old property, with the agency's as-said "just completed renovation" worth RM180K, extended side and backyard, fully covered car porch, partially furnished with wardrobes and cabinets, as well as fully wrought iron grilled. Amenities? 3 minutes to Klang's Carrefour at Jalan Kapar, which I seriously doubt it, unless you own the road, and 10 minutes to Jusco Bukit Raja. But anyway, it's still considered near.

Size: FOOH!
Design: FOOH!
Location: FOOH!
Furnishings: FOOH!

Moderate choice of purchase, I presumed. A 4-FOOH!s property.

PropertyFella's Verdict:
Could be worth just RM250K when the house was newly-delivered. However, you can't just expect to compare the price now with then. Consider the market price of a double-storey terrace end lot in Bandar Bukit Raja, RM350K is minimal. An additional RM100K to buy for the location and furnishings? Well, the price is somewhere there. No extra gains. Unless you are settling down in Klang and might as well like the furnished design, it's just a moderate choice from which the most I will go for is about RM420K.

Saturday, February 19, 2011

Idaman Hills


Luxury Semi-Ds and Bungalows in Selayang!

Priced from RM780K to RM2.3 million, what's happening to Malaysia's property??!

Soho Suites - KLCC


Speechless.

RM700 per sq.ft. and yet priced at 30% below market price?

*Smack in the forehead*

Friday, February 18, 2011

SPOTTED!

 

 


SPOTTED! Website: Mudah.my
Area: Senadin, Miri
Price: RM340,000
Type: Single Storey Semi-Detached
Tenure: Leasehold (38 Years Left)
Bedrooms: 3
Bathrooms: 2
Size: 16 Points
Contact: Ms. Nur (013-8390108)

Senadin, a once commercially-diminished location, now back to the spotlight again with Miri Housing's announcement of Water Theme Park and Senadin Hypermall, alongside with rows and rows and rows of industrial lots and commercial shophouses. And naturally, look up, the price is up there.

Size: Double FOOH!
Furnishings: Double FOOH!
 
But a Single Storey Semi-D selling at RM340K?

PropertyFella's Verdict:
It's definitely a bit highly-priced. However, considering newly established Single Storey Semi-Detached houses selling at over RM300K, well, with this one fully furnished, it can be seen as a bargain. One more point to take note, the TENURE. It's 38 years left. Once it drops below 20 years, the price's gonna drop hair-bristling steep. To me? It would be perfect if sold at RM315K. Well, it still is, considering local Miri market, a good price for a house of such type in such size. Get a valuation done. Senadin's housing prices have flown high, but not yet as valuated for bank loans. Not stated within, but if the house came empty without any of the furniture as observed, one action - Walk Away, dude.

Sunway Open House


I thought Chap Goh Meh's over?

Well, everything can be done to get people to spend their money.
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