Hello,

Newbie here trying to decide whether to buy, or not to buy. I'm not in a hurry to buy, but i'm worried that if i don't buy now, the prices will keep increasing and all the good locations will be developed already in the future. Construction not started yet, but its by a very reputable developer so I'm not worried about project being abandoned. In fact here, if you wait until the property is completed before you buy, you probably won't have much choice of houses left.

Anyone here familiar with the property market in Miri? It seems that people here are filthy rich. Prices of houses here are comparable to those in KL. For example, 2-storey semidetached can sell more than 600k, 2-storey terrace corner 500k, intermediate up to almost 400k., depending on location.

In fact i'm interested in this particular terrace corner (2-storey) which is about 480K. Built up area more than 2500sq.ft., land size >11 points, and nice deisgn. Purpose for own stay, but if capital appreciation is good can opt to sell also. So, my questions would be:
1) Is this a good time to buy now (i know this has been discussed a lot, specifically for my case??). Is there further room to appreciate? The developer even told me that they are going to increase the price 10-20K once construction start. Seems like nobody here is affected by recession??!
2) Is the house worth it? (480K for a terrace corner)
3) Anything else that I should know or watch out for..

Thanks in advance for all your comments & advice!