Tuesday, May 20, 2008
During the stopover in Bangkok however, news reported that property developers were preparing for up to 5% price hike to cover for increase in material costs (http://www.nationmultimedia.com/search/page.news.php?clid=6&id=30073374). As I am familiar with the real estate market in Thailand, I can tell you that it is not so hot at the moment. While the rental market remains steady, subsale has slowed down tremendously. Prime units on sale since September last year is still in the market looking for that elusive buyer.
My opinion is, no matter how much property has appreciated, the appreciation means nothing if there are no buyers. Few months ago, I was dismissed as a doom-sayer. Today I have the satisfaction of being witness to high premium units such as Meritz, Hampshire, Stonor etc. entering the market after apparently appreciated to almost RM2000psf, many speculators are sweating as they struggle to flip their units.... mortgage interests payments are starting to kick in. While some may argue that most of these buyers are foreign cash, still a sizeable chunk are local speculators with little fundamentals to back them up. Get ready for a cheap sale...
Monday, May 19, 2008
Here are some pics of this lovely place. Starting with the fish pond.
Free form Swimming pool
Block Nipah from the visitors car park. One thing I really love about this place... there are ample car parks. You won't find residents parking illegally outside the condo in the evenings... something which we are beginning to see happen at Seri Maya next door.
Now for the interior... since this place is so "kampung", I decided to go Kampung with the interior. I think the cream wall goes very well with the white ceiling skirting and lots of wood. If you like modern furniture, this is not the place. One of the neighbours had modern ikea furniture with vertical blinds for the windows.
As you walk in through the main door, there is this teak wood cabinet on your left. I would use it as a shoe rack but I think not many people have as many shoes as I do.
The bedroom used to be painted green... sort of turquoisy, bluey green.... So I "creamed" it... and I think it matches the teakwood ming style bed and of course the lovely piece of marble on the dresser...
Before anyone start accusing me of doing some marketing for Kampung Warisan and it's developer, Eastern and Oriental, I would like to add some negative points:
1. Termites - some of the common areas badly infected and the management don't seem to be doing anything about it as it has been there since November last year when I first noticed it
2. Traffic Jam - The Jalan Jelatek/Ampang access to Kampung Warisan can be very slow during peak hours. The LRT is jam pack like sardines as well. The trick is to get on the train to the opposite direction till you reach the last station and change the train. This might add hours to your travel
3. Mosquitoes and other creepy insects - oh my god, plenty of it!
4. It's almost 10 years old - stuffs are falling apart. Being a 2nd hand buyer, you also need to pay people to rip old built-ins apart and cart furnitures/fittings away
Thursday, May 8, 2008
In my opinion, Kampung Warisan is closer proximity to KLCC compared to Ampang Hilir. The reason is, the short crawl from Ampang Hilir to the Jalan Ampang/Tun Razak junction can take a looooong time. The only public transport you are going to get are buses or taxis. They would get stuck in this crawl. From Kampung Warisan, you can cross the road and jump into the LRT which will whizz you into KLCC in less than 15 minutes, including waiting time.
The only problem is, walking from your apartment through the thick vegetation, fauna and flora of Kampung Warisan to the main gate may be distracting and may take up most of the travel time...
picture above: Crown Regency
But apparently, Crown Regency is hot cake in the rental market because of it's old age, it's still possible to rent a 3 bedroom unit for less than 8k a month. Loads of people in neighbouring Parkview and Marc Residence complain about the noise from the P Ramlee entertainment zone featuring Thai Club, Run Jungle, Beach Club etc until 3am in the morning all weekends. How true is this? Anyone can comment?
A quick check with estate agents and Star classifieds reveals many units available for rent in Marc and Parkview. But it seems UBN apartment, further from the noise is full house!