Wednesday, September 9, 2009

Property value

Many landlords have (indirectly caused) lowering the property value at Le Town Apartment by renting out their apartments to persons of unknown standing. Many of these tenants share the 3 room apartment with their friends, some occupying each apartment with as many as 10 friends. These apartments are quite comfortable if shared, say ,with 2 persons to a room but by having more persons living in each it makes life less comfortable, and with a higher occupancy per apartments making the place like a slum. And resulting in lowering the rentable value of the property. A pity, as the apartments are situated in a very good location in Kuantan Town.


It is not cheap to maintain an apartment at Le Town. It annual rentable value payable to the Kuantan Municipality is over RM 1000.00 a year, which is expensive for an apartment of floor area of just over 1000 sq. feet in a town outside Kuala Lumpur. Its maintenance cost payable to the Apartment Management is RM 150.00 a month. Agreed that up todate they do quite a good job at maintaining the apartment complex. But their shortcomings are also glaring. The apartments complex now needs a new coat of paint after being here for about 10 years; this they have not done so. Security to the apartments is questionable, they employ cheap foreign labour as security guards, except for one old Malaysian who has been employed as security guard for quite a while now. These foreign labourers are not really ‘security guards’ as such, they seemed more like general workers. These ‘guards’ lack the local language knowledge and the lack the understanding of local customs of living in such a community as those living in the apartments. And there is no control of access to the apartments, free access seems the rule of the day (and nights) to any of the apartment. Thus security is compromised.


All in all, the property value of these apartments have been lowered (and compromised) due the landlords not being selective of their tenants, neither controlling them nor really care about the maintenance of their apartments. And due the Management not being really concerned about access and security.

3 comments:

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Anonymous said...

They used to close the main gate after 12 midnite, and only open when someone /cars want to enter... But after a while they never nother anymore......

anybody/strangers(non-residents) are also allowed to enter without being questioned. They said its hard to control..........

I think if they re-start the same practise by closing the gate.... that would be much more easier & safer..........

mylias said...

the gate is now open 24/7/365. the guards are there just for decorations. no control whatsoever.
hard to control? they never attempt to. i have seen good controll in kl but in here, much to be desired.
they do not even know what living in an apartment is like ........ they have not reached to that level of civilisation yet.