Orang Kaya from Savanna 2 .....

how much r u selling?

rm500psf

Sudah naik harga ler

how much is supposedly the selling price now and how much is bank valuation currently?

Savanna 1 already 500/sqft. I believe Covillea can fetch 550/sqft when handover due to its better design and lower density environment.

Think we should aim 600 psf....

ding!
i just offered someone my unit at rm500psf tim.

Deal has ON?

not yet?
you want to counter?

haha....Kochin...u think 500psf is enough for you ?

KM1 west is around 600/sqft now. I heard from some source that KM1 east is even more expensivie, might go as high as 800/sqft due to its exclusivity.

inflation is real. please ensure the future value of what you intend to sell is not the same of the value you bought 3 years ago. otherwise, you've not make a profit.

for example, if you make rm1k profit today, the purchasing power is lower than you own rm1k 3 years ago.

based on the basket, inflation is alreday at around 30%-40%, hence your rm1k is actually rm600 3 years ago.

---

Added on June 22, 2011, 9:50 pmso to sell, you need to add 40% inflation + 5% rpgt + bank interest + stamp duties + legal fees, etc.

nett-nett 55% - 60% over your purchase price is safe. this is the price you need to pay to purchase similar type of condo in the same location.

every says km1 is cheaper but you've to wait 3 years. after new years, the price will go up again-lah

---

Added on June 24, 2011, 11:00 amThe run-up in asset and commodity prices for the past two years has created massive wealth and income generation for the country. We estimated that both the residential property and equity markets have generated RM400bn of additional wealth for households since 2009. The run-up in commodity prices has also resulted in additional windfall income of RM15.7bn for smallholders over the period of 2010 & 2011.

 Our calculation shows that the estimated wealth and income effect on GDP is approximately 2.5% for the next three years or equivalent to 0.8% per annum should asset inflation is sustained modestly into 2012.

 Our studies suggested that households possess healthy balance sheets with room to gear up and capability to withstand potential shocks. The results also revealed that higher spending (income) group will tend to spend more on transport, medical, education, communications and discretionary items.

 We expect BNM’s modest tightening stance to support an environment for consumption-led growth reinforced by wealth effect from asset inflation.

HLIB Research 24 June 2011

This post has been edited by Covillea: Jun 24 2011, 11:00 AM

Anyone looking to sell? Planning to buy either in Covillea or Savanna. Currently renting in Savanna.
Please PM me.

How much is savanna today?

Savanna 1 around 500/sqft now.

I believe that is for Savanna I block B. Is that a transacted price or not?

got quite a number of units transacted > 590k in Block B, 1212sf golf view..

how much would you like to offer?
i'm letting go my covillea.

sure boh? soo good?


wah lidat have to wait to sell my Zest leh