The deal on the auction site basically looks good deal on paper.
The key is to have some one on site to do the site visit.
Like what I did, site visit is the very key decision making step.
The other can be found either in the internet or by calling.
TITLE : The individual strata title in respect of the subject property has been issued by the relevant authority.
STATA TITLE NO AND LOT NO : PN 26623/M2/14/534 and Lot 44938, Town of Pekan Baru Sungai Buloh, District of Petaling and State of
Selangor Darul Ehsan
DEVELOPER’S PARCEL NO : B-1303A, Storey No. 13, Building No. Block B, Type B2, Palm Spring @ Damansara, Kota Damansara,
Petaling Jaya, Selangor Darul Ehsan
APPROXIMATE FLOOR AREA : 95 square metres (1,023 square feet)
TENURE : Leasehold for 99 years, expiring on 20/8/2101
Reserved Price = RM330,000
Below are the additional information provided by the team:
Palm Spring, Kota Damansara
Palm Spring (also known as Palm Spring Condominium) is a high density condominium located in Kota Damansara and developed by Muafakat Kekal. It comprises of 6 condominium blocks with a total of 2,180 condominium units. Each block has U-shape design thus one cannot see the passage far due to the U-shaped corridor. There are 329 parking bays provided (besides the individual each car park per resident) plus 38 parking bays for visitors.
Furthermore, just besides Palm Spring, there are rows of shop that comprise of a number of cafes, restaurants and 7-Eleven. Within short driving distance, residents can reach prime shopping malls, namely The Curve, Cineleisure and IKANO Power Centre as well as a hypermarket, Tesco Damansara and the renowned Swedish furniture store, IKEA. All these malls are connected to each other and one can walk through all of them. These malls contain chic and fancy restaurants, branded apparel stores and also leisure centers, such as karaoke center, cinema, skating ring, bowling center as well as Kidzania.
The amenities surrounding Palm Spring are great convenience to the residents as the mini market, 24-hour Mamak restaurants and the laundry provide all the basic needs for every day necessities. The facilities on site such as the badminton court, the swimming pools and playgrounds are well maintained and providing an added value to the property. This condominium appreciation has been fast and significant. In 2011, the price for 936 sf unit was RM260K while in 2012, the unit's price tag reached RM330K. It is expected for further increase with the MRT station expected for completion in 2017.
Others in the 1 km vicinity include are Giza, Giant and Aeon Big hypermarket from Palm Spring. Not only that, it is just within minutes away from 1-Utama Shopping Center. In terms of accessibility, Palm Spring is accessible via Jalan Damansara, Lebuhraya Damansara Puchong (LDP), Penchala Link and NKVE. Residents can utilize any of these options to reach the city center. It requires about 30 minutes reaching the city centre or just 10 minutes via Penchala Link.
Property Details:
* Name: Palm Spring (also known as Palm Spring Condominium)
* Address: Jalan PJU 3/29, Section 13, Kota Damansara, 47810 Petaling Jaya, Selangor
* Developer: Muafakat Kekal
* Completion Date: 2005
* Type: Condominium
* Tenure: Leasehold
* Built-up: 915 - 1,259 sf
* No. of Blocks: 6
* No. of Units: 2,180
* Launch Price: From RM160,000
* Subsale Price: RM280,000 - RM700,000
* Rental: RM945 - RM2,600
Facilities* Clubhouse
* 7 swimming pools
* Children's wading pool
* Indoor badminton court
* Gymnasium
* Sauna
* Jacuzzi
* Tennis court
* Nursery
* Children's playground
* Mini market
* Golf-putting ground
* Multi-level car park
* 24-hour security with smart card access system
Below is the feedback from one of the friend who stayed there before:
Though very high density but through out my staying there I don't find it congested honestly. Most of the time in the lift I hardly bump into more than 3 people. Meaning high dense but the lifts are enough to support .
Residence wise, the community we have mostly chinese..down side is the foreigner you know what I mean
Occupancy rate arr.. Never observe, but from the lights on at night la haha.. 80%?
My floor last time, 90% owner staying
Rent out is good for money coz the location is strategic
They used to have management committee issue with the developer but not sure if things are settled.
Carpark is not enough I would say, this is the only problem.
