The Zest @ Kinrara 9 v2, Owners share your views,public r welcome
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 Apr 29 2011, 04:35 PM
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Senior Member
1,021 posts Joined: Jan 2006 
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QUOTE(prody @ Apr 29 2011, 04:26 PM) Yeah, most people selling are trying to sell at extremely high prices. I believe there are buyers taking the bait, if not why the price is escalating? Haha... if landed properties are going up that much in that area, Zest's value will go up accordingly hehehe.But are the buyers taking the bait?   |
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Apr 29 2011, 04:36 PM
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Junior Member
116 posts Joined: Apr 2011
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QUOTE(prody @ Apr 29 2011, 04:26 PM) Yeah, most people selling are trying to sell at extremely high prices. Bank's valuers definitely cannot value at that price, the desperate buyers will have to pay the top-up different!But are the buyers taking the bait? |
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Apr 29 2011, 04:45 PM
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Junior Member
93 posts Joined: Mar 2009
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QUOTE(Koiman @ Apr 29 2011, 04:36 PM) Bank's valuers definitely cannot value at that price, the desperate buyers will have to pay the top-up different! Landed property there average increase 15-20k monthly? how about Zest? How a salary worker able to cope with this increment. lol. |
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Apr 29 2011, 07:59 PM
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Senior Member
1,101 posts Joined: Jan 2006 
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QUOTE(schizophreak @ Apr 22 2011, 11:18 PM) Only 1 thing that won't double...salary   .... if it doubles many big boss jump from 14th floor of M*** building |
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May 4 2011, 01:15 PM
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Senior Member
986 posts Joined: Dec 2009
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"Since 2009, the property market has been trending up steadily, resulted
in developers reporting 50%-100% YoY increases in sales. New launches were held back in end-2007 to most of 2008 since building material prices, particularly steel, were at record highs; hence, pent-up property demand (not to mention many of those waiting for bargain opportunities seen in 1997-98 crisis, which was not evident in 2008 GFC). Further fueling demand was the combination of favorable interest rates/spreads, ample banking liquidity (we noticed bankers were aiming for market share rather than margins), Interest Absorption Schemes (e.g. 5/95 and 10/90 reduced barriers to entry and makes it easier to speculate) and better product offerings (gated & guarded, facilities, lifestyle living, etc)." Kenanga Research 4 May 2011 |
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May 4 2011, 11:08 PM
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Senior Member
1,101 posts Joined: Jan 2006
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QUOTE(Covillea @ May 4 2011, 01:15 PM) "Since 2009, the property market has been trending up steadily, resulted in developers reporting 50%-100% YoY increases in sales. New launches were held back in end-2007 to most of 2008 since building material prices, particularly steel, were at record highs; hence, pent-up property demand (not to mention many of those waiting for bargain opportunities seen in 1997-98 crisis, which was not evident in 2008 GFC). Further fueling demand was the combination of favorable interest rates/spreads, ample banking liquidity (we noticed bankers were aiming for market share rather than margins), Interest Absorption Schemes (e.g. 5/95 and 10/90 reduced barriers to entry and makes it easier to speculate) and better product offerings (gated & guarded, facilities, lifestyle living, etc)." Kenanga Research 4 May 2011  & free interest during construction... all these flaming factors to a possible bubble burst... question is.. when.. some say 3yrs, 5yrs or after 10yrs.. i would say... earn enough.. cabut.. tak cukup ? stay put & pray...  |
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May 4 2011, 11:59 PM
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Senior Member
1,811 posts Joined: Feb 2011
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350-400k i would say is fair price for zest, but more than 400k ...need some justification n can opt to look at other options..
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May 5 2011, 10:00 AM
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Junior Member
189 posts Joined: May 2007
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QUOTE(Neoh1979 @ May 4 2011, 11:59 PM) 350-400k i would say is fair price for zest, but more than 400k ...need some justification n can opt to look at other options.. do you hold any unit in Zest?My friend is willing to buy at any unit @ 350k. PM me please. serious buyer. |
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May 5 2011, 12:38 PM
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Junior Member
135 posts Joined: Mar 2011
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QUOTE(Neoh1979 @ May 4 2011, 11:59 PM) 350-400k i would say is fair price for zest, but more than 400k ...need some justification n can opt to look at other options.. are you a bank evaluator?I guess you very interested on TZ and you dun hold any unit yet！ |
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May 5 2011, 12:40 PM
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Senior Member
986 posts Joined: Dec 2009
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i offer rm360k for any unit now. please pm me.
rising material costs & inflation - how can sell below rm450k???!!! |
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May 5 2011, 01:55 PM
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Senior Member
1,548 posts Joined: Apr 2005
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For tracking purpose.
Sellers: 400-500k Buyers: 350-400k |
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May 5 2011, 08:50 PM
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Senior Member
662 posts Joined: Jan 2003
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QUOTE(prody @ May 5 2011, 01:55 PM) For tracking purpose. such a wide expectation gap.Sellers: 400-500k Buyers: 350-400k |
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May 5 2011, 09:32 PM
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Senior Member
1,811 posts Joined: Feb 2011
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QUOTE(aquest @ May 5 2011, 08:50 PM) such a wide expectation gap. yeah....big gap....still it depends on buyer...though its a bit out. |
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May 6 2011, 10:14 AM
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Senior Member
2,113 posts Joined: Dec 2008
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Transacted - RM400,000.
I will Not sell below that. |
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May 6 2011, 10:23 AM
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Senior Member
1,021 posts Joined: Jan 2006
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QUOTE(mrPOTATO @ May 6 2011, 10:14 AM) Transacted - RM400,000. Transacted??? You have sold off your units during under-con stage? I am expecting price about 450,000 hehe I will Not sell below that.  |
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May 6 2011, 10:26 AM
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Junior Member
191 posts Joined: Nov 2005
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QUOTE(Covillea @ May 5 2011, 12:40 PM) i offer rm360k for any unit now. please pm me. I wish to extend the same offer as Covillea.rising material costs & inflation - how can sell below rm450k???!!! Please PM me should you have any units to release. Thank you. |
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May 6 2011, 12:22 PM
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Senior Member
986 posts Joined: Dec 2009
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peopel need to understand inflation.
rm250k is not the same today. in present value based on 8% impounding rate annually is already rm320k. to break even, you need to add 40% (rpgt, interest, opportunity cost, etc.), thats adds up to rm441k. hence, 250k is actually rm441k in real ringgit value term today. if you sell below rm400k, yes you think you make money but in actual sense you may lose money. assuming you sell at rm400k, the real value is actually "rm280k". hence, if you minus all other expenses, you make a lost of rm85k in today's value!!! buyers can have expectations but let's face the reality. salary have not gone up for some i agree but look at food costs, material costs, all these have added to inflation. This post has been edited by Covillea: May 6 2011, 12:24 PM |
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May 6 2011, 02:47 PM
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Newbie
2 posts Joined: May 2011
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QUOTE(Koiman @ Apr 22 2011, 12:14 PM) Wow! new to this forum, didn't know that you guys are real......... interesting to see the posting here. I have spent a while to read this thread. Pls allow me to add on to the list. i am looking for a unit at the zest, is anyone know who want to sell?12 units of The Zest up for sale @ 22 Apr 2011: 1) Block C 7th Floor KLCC View - RM410k (techno) 2) Block B 16th Floor Golf Course View - RM420k (siaww) 3) Block B 18th Floor Golf Course View - RM480k (Covillea) 4) Block C 9th Floor KLCC View - RM400k (leong4san) 5) Block C 18th Floor with free 2 Unit A/C, 32"TV, 2 car park side-by-side - RM460k (jacob888) 6) 16th floor KLCC View - RM? (livelifefull) 7) Block C 12th Floor (1,191 sf) KL View Face East Type-B - RM450k (keithcky) 8) Block C 20th Floor Sunway PJ/Swimming Pool View with free 2 unit A/C - RM460k (jen_jen) 9) Block B 3A Floor Swimming Pool View - RM500k (cheraspeople) 10) Block C 17th Floor (1,191 sf) KLCC View - RM400k (batilcl) 11) Block C 5th Floor KLCC View - RM460k (ukuan) 12) Block A 2nd Floor Golf view - RM440K (Koiman) Bank Valuation is RM400 - RM420 psf. |
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May 6 2011, 02:52 PM
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Senior Member
4,973 posts Joined: Dec 2010
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QUOTE(lavendertree @ May 6 2011, 02:47 PM) i am looking for a unit at the zest, is anyone know who want to sell? THERE IS A LONG LIST OF PPL WANT TO SELL... |
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May 6 2011, 03:53 PM
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Senior Member
756 posts Joined: Dec 2009
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anyone can advise/speculate how much we can/should rent it out? I wonder can it fetch rm1,500 or not?
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