one of the main challenge for the MC is to keep the value of the Vista Condo property to march the market value as other similar apartment in this nearby area.
for the 700 sqft apartment in Bayan Baru & Bayan Lepas area, those low density one can be sold as much as RM350k to RM400k like our neighbor Villa Condo, even Desa 2 also can fetch abt RM380 for the higher floors, but lower floors abt RM300K, Vista Condo at the moment selling in between RM300K & RM330K, which is still higher than many poorly maintained 700 sqft apartment but we can't take things likely or else our value can't catch the market trend.
one thing we are doing now is to keep the number of foreigner hostels as low as possible, we know that it's very hard to get rid of all the hostel, but we manage to keep it below 5 then it should be quite ok, we can't afford to let our apartment to be another flat 88 or those apartment behind the Relau Public Bank, the number of the foreigner hostels is so high until the property value of these apartment are abt 50K to 100K below the market value!
we also pay special attention to the very important facilities, which will affect our day to day living, especially the lifts, water tanks, the pumps, etc. we do notice that some of the apartment in Penang do face the lift problem on the regular basis, and news spread very fast with the help of internet, things such as all the lifts can't function so residents need to climb staircase for many weeks, even months, or water tank leak so badly until many part of corridor or house can't be used...one common abt these apartment is, their property is greatly affect by the malfunctioning of the important facility. our preventive action for the mentioned problem is to make sure our SC collection is sufficient to maintain & improve the existing facilities, and maintain good term with government & insurance agent so that when need them to help us on those major repair then we know where to run to :P
we believe if Vista Condo continue to be well maintained, the value will continue to soar as we are located at the very strategic location, near to industrial zones, shopping places like Queensbay mall/tesco/giant/sunshine, learning institutes & schools, also the 2 bridges, airport, durian haven balik pulau, even travel to town or even northern part of Penang also not even 45 min :)
thanks.
Friday, July 31, 2015
Friday, July 24, 2015
general updates as at 25/7/15
hi,
few updates for our beloved residents,
1) foreigners' hotels: since the RM500 per month for the monthly service has been reinforced, some progress is made, we received report that 2 blk J hostels have moved out in June, and today another 2 more hostels from blk K are moving out too. so the total number of the foreigner's hostels at the moment is 14 unit, we hope that more units will be moved out in the near future and be able to keep the number below 5 unit in total by year end.
concerning those units which still occupied by the foreigner workers, sad to say that until now the landlord are not willing to pay the service charge, but anyway we are not going to compromise on this matter, so next time when the landlord decide to move in or rent it to other peoples who need the parking lot, then they will need to pay the outstanding service charge (RM500 per month) plus the interest, which can be quite sizable as it's started from May 2015.
2) drain pipe gutter clip: past few weeks the vendor managed to fix 18 clips for the gutter, especially those out of shape gutters, the challenge still remain the same as before, ie some house owners either not at home or didn't let the vendors to come in to fix the gutter clip, we want to thank those residents who had let the vendor to use their balcony to fix the new gutter clip, we also hope more cooperation can be given for the safety of all the residents in Vista Condo, at the moment he with the building supervisor are still trying to approach our residents for the project until all the gutters are securely locked at the wall.
3) new water tank: sorry for the delay, as last month the committee decided to give the bomba pipe replacement a higher priority than water tank, due to safety reason, so as more than RM10,000 needed for the bomba pipe replacement, the water tank will need to wait for fund to built up again, we hope that this coming 1 week can collect 12K so that by month end we will have enough money to deposit into gov't account the 20% in order to start the project, we welcome if residents would like to pay few months in advance service charge so that the project can be started as early as possible.
thanks.
few updates for our beloved residents,
1) foreigners' hotels: since the RM500 per month for the monthly service has been reinforced, some progress is made, we received report that 2 blk J hostels have moved out in June, and today another 2 more hostels from blk K are moving out too. so the total number of the foreigner's hostels at the moment is 14 unit, we hope that more units will be moved out in the near future and be able to keep the number below 5 unit in total by year end.
concerning those units which still occupied by the foreigner workers, sad to say that until now the landlord are not willing to pay the service charge, but anyway we are not going to compromise on this matter, so next time when the landlord decide to move in or rent it to other peoples who need the parking lot, then they will need to pay the outstanding service charge (RM500 per month) plus the interest, which can be quite sizable as it's started from May 2015.
2) drain pipe gutter clip: past few weeks the vendor managed to fix 18 clips for the gutter, especially those out of shape gutters, the challenge still remain the same as before, ie some house owners either not at home or didn't let the vendors to come in to fix the gutter clip, we want to thank those residents who had let the vendor to use their balcony to fix the new gutter clip, we also hope more cooperation can be given for the safety of all the residents in Vista Condo, at the moment he with the building supervisor are still trying to approach our residents for the project until all the gutters are securely locked at the wall.
3) new water tank: sorry for the delay, as last month the committee decided to give the bomba pipe replacement a higher priority than water tank, due to safety reason, so as more than RM10,000 needed for the bomba pipe replacement, the water tank will need to wait for fund to built up again, we hope that this coming 1 week can collect 12K so that by month end we will have enough money to deposit into gov't account the 20% in order to start the project, we welcome if residents would like to pay few months in advance service charge so that the project can be started as early as possible.
thanks.
Saturday, July 18, 2015
no posting this week (Raya Holiday)
hi,
no posting this week as most of the MC members are busy bring family out for holidays, will resume next week.
wish everyone in Vista Condo selamat hari raya & enjoy your holidays.
drive safely.
best regards.
no posting this week as most of the MC members are busy bring family out for holidays, will resume next week.
wish everyone in Vista Condo selamat hari raya & enjoy your holidays.
drive safely.
best regards.
Saturday, July 11, 2015
beware of theft!
past few weeks we have received some complaints from residents concerning personal belongings went missing within their compound, in between the main doors & grill doors have gone missing, stolen items mainly are shoes, relatively new & more expensive shoes.
normally after we have heard this kind of complaint, we would try to find out from them roughly what date & time the event took place, and try our best to check the CCTV, but too bad almost every time we couldn't get the culprit because as long as the person(s) don't use the lift after stole the items then there's no way we can get him.
we did come across few incidents that items went missing at the ground floor common areas, and most of the time we can find the thieves & get the CCTV video clip for police to take further action, as most of the ground floor common area are covered by CCTV, but if items gone missing at corridor areas then not much can be done.
in fact according to our experience, most of the cases are committed by our own residents or tenants, we believe after they have stolen the items from residents' main entrance (or corridor), they will use the staircase to go back to their own units, so as the corridors & staircase are the blind spot of CCTV then their cowardly action won't be recorded :(
our advice is, keep those more costly items in the house or inside the shoe rack (make sure the shoe rack is out of reach if someone try to open it out the grill door), because the management can't do much unless we install CCTV at all the corridor but it's impossible at the moment as the cost is very very very high.
let's beware of the thieves, thanks.
normally after we have heard this kind of complaint, we would try to find out from them roughly what date & time the event took place, and try our best to check the CCTV, but too bad almost every time we couldn't get the culprit because as long as the person(s) don't use the lift after stole the items then there's no way we can get him.
we did come across few incidents that items went missing at the ground floor common areas, and most of the time we can find the thieves & get the CCTV video clip for police to take further action, as most of the ground floor common area are covered by CCTV, but if items gone missing at corridor areas then not much can be done.
in fact according to our experience, most of the cases are committed by our own residents or tenants, we believe after they have stolen the items from residents' main entrance (or corridor), they will use the staircase to go back to their own units, so as the corridors & staircase are the blind spot of CCTV then their cowardly action won't be recorded :(
our advice is, keep those more costly items in the house or inside the shoe rack (make sure the shoe rack is out of reach if someone try to open it out the grill door), because the management can't do much unless we install CCTV at all the corridor but it's impossible at the moment as the cost is very very very high.
let's beware of the thieves, thanks.
Saturday, July 4, 2015
next safety project - tighten the gutter clip
after bomba pipe replacement, now we are proceeding to another safety project, to tighten as many as possible Vista Condo new gutter clip.
the gutters are those drain pipe which channeling all the roof top water to the ground floor, all these while we are monitoring them, for these gutter already reached their 20 years of age, few gutters fell in the past, which we have replaced them with the new one, we also replaced some of those about to fall, according to our record, we have fixed at least 5 new gutters since yr2010, and have done 2 times tightening the gutter clip project but not very successful.
the reason we tighten the gutter clips is those clips are old & can no longer hold the gutter to the wall effectively, and if we don't fix the new clips then before long the gutter will be out of shape & increase the risk of falling down when pressure built up, through strong wind & big amount of rain water flowing through it, so to tighten the clip (or putting the new clip) is needed to be done periodically.
so this time, we have received few quotations for the new clips, view the samples, discussed over it, and now have decide to proceed if possible this coming week, but based on the past experience, this going to be a challenge, not because of technical issue, but due to some residents' attitude.
twice in the past we have planned & arranged for the vendor to try to access to the residents' balcony to fix the new clip, but even though with sufficient advance notice, many residents choose not to open the door for our supervisor & vendor to enter their premises to fix the clip at the gutter next to their balcony, and also some of residents went away from their house even tough they told the office they will be at home to wait for vendor to come to their house.... :(
so this time, as we feel that we need to fix the clip especially for those higher risk one (pls note that not all the clip need to be replaced, but only certain clip, for which we will inform the unit owner through notices), we hope our residents will be more cooperative this time, after all this is about the safety benefits of the Vista Condo residents.
thanks.
the gutters are those drain pipe which channeling all the roof top water to the ground floor, all these while we are monitoring them, for these gutter already reached their 20 years of age, few gutters fell in the past, which we have replaced them with the new one, we also replaced some of those about to fall, according to our record, we have fixed at least 5 new gutters since yr2010, and have done 2 times tightening the gutter clip project but not very successful.
the reason we tighten the gutter clips is those clips are old & can no longer hold the gutter to the wall effectively, and if we don't fix the new clips then before long the gutter will be out of shape & increase the risk of falling down when pressure built up, through strong wind & big amount of rain water flowing through it, so to tighten the clip (or putting the new clip) is needed to be done periodically.
so this time, we have received few quotations for the new clips, view the samples, discussed over it, and now have decide to proceed if possible this coming week, but based on the past experience, this going to be a challenge, not because of technical issue, but due to some residents' attitude.
twice in the past we have planned & arranged for the vendor to try to access to the residents' balcony to fix the new clip, but even though with sufficient advance notice, many residents choose not to open the door for our supervisor & vendor to enter their premises to fix the clip at the gutter next to their balcony, and also some of residents went away from their house even tough they told the office they will be at home to wait for vendor to come to their house.... :(
so this time, as we feel that we need to fix the clip especially for those higher risk one (pls note that not all the clip need to be replaced, but only certain clip, for which we will inform the unit owner through notices), we hope our residents will be more cooperative this time, after all this is about the safety benefits of the Vista Condo residents.
thanks.
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