maybe you can get lucky at hunt down some savanna?
or VK at way below rm450k?

VK not same quality or standard.................n can still get Savanna at 450k? If yes than I agree at 450k............Savanna is the better buy today.............

I don't understand what the point of arguing the price or expecting what price can sell?

When completed, if wan to sell, the bank usually will do estimation of the property. With that ppl will know how much is the market value.

If lets say for example market value is 350k , you wan sell 400k. the buyer can't get 90% loan he need to top up on his own. The buyer won't paying so high for over market value.

Usually the estimation market value by bank is the most correct.

Sorry for any offences

I'd recommend a subsale 2-storey link house.

try alam sanctuary's townhouses at rm400k.

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Added on August 4, 2011, 11:34 ambank valuation is based on last transaction done. hence, if a precedent is set for the zest at rm550k, then that'll be used as a benchmark/baseline.

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Added on August 4, 2011, 11:37 amall, there're potential buyers waiting to buy the zest. hence, they're trying to push down the price by criticising the zest.

hence, please make a wise judgement not to sell too cheap.

This post has been edited by Covillea: Aug 4 2011, 11:37 AM

Be prepare to get 80%-85% only if you want to buy property in prime area.
Dun trust the valuer too much, it is just a guild line, depending on valuer's indicative price would jeopardize your interest in purchasing a right property.

I have a fren who is very keen to get an unit of Tmn Esplanad (BJ) superlink house since 2006, never materialize his dream to secure an unit till today (still waiting and hope that mkt will crash), he believes in valuer's price. The price has been increased fr 675K (2006) - 1.2 mil (2011). The bank's valuer always quotes 50K-70K below than the owner's asking price at any time, he is damn regret now.

In prime area, I would offer maximum 8% on top of valuation price (depend on area and type of property) . If valuer confirm RM400/sf for The Zest, I dun mind pay RM420/sf for the unit I want.
I am curious to know what is the latest valuation price for TZ? any clue?

good rule of thumb you got.
but do you diligently practise 8% as your limit or would you go higher in hot/prime areas?
say a sub-sale in old pj areas.
heard cases of buying >30% on top of valuation prices.

wake up wake up !!

There are very special cases that it is worth paying 20% more than the mkt value...
For instant, if I own an unit of SD (in hot prime area), it is worth considering pay 20% more for yr neighbor (adjoining), hence 2 SDs = 1 bungalow

So which bank gives the most accurate value? some banks? all banks?
If all banks give different valuation, how to claim bank gives the most correct
no offence, not challenging you but need your advise..

The bank which quotes the highest will be. However even the highest is still lower than the calling price...
Valuer sleeping lah.

fully agree!
valuation reports that i received for the same property can vary by as much as 20%

valuation must be based on calculated factual data factored with inflationary, bla.. bla.. bla cost, NO?
Current market asking price is based on individual profit satisfaction level, NO?

+1

Aiyah, this is Malaysia.With a bit of "motivation" the valuer will value the property at whatever value u want it to be mar....kinda like when u ask an accountant " what is 1+1?", the accountant will answer "Can be any number you want it to be!!!"

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Added on August 4, 2011, 3:41 pmIt dosen't matter what other people say. It solely depends on supply and demand of the condo. If there are a lot of people selling and only a few people interested in buying, then people who cannot hold (property flippers) will start letting go thier units at cheaper rates hence market value WILL drop. However, if there are more people buying than there are people willing to sell, then the property prices will increase.....

Moral of the story? Don't blame other people who talk down the price.Its not them who sets the market price.

This post has been edited by mercury8400: Aug 4 2011, 03:41 PM

The Zest: Units for Sale @ 4 Aug 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 - RM520k (Covillea)
4) Block C 9th Floor KLCC View - RM400k (leong4san)
5) 16th floor KLCC View (Type C) - RM460K (livelifefull)
6) Block C 12th Floor (1,191 sf) KL View Face East Type-B - RM450k (keithcky)
7) Block C 20th Floor Sunway PJ/Swimming Pool View with free 2 unit A/C - RM460k (jen_jen)
8) Block B 3A Floor Swimming Pool View - RM500k (cheraspeople)
9) Block C 17th Floor (1,191 sf) KLCC View - RM400k (batilcl)
10) Block C 5th Floor KLCC View - RM460k (ukuan)
11) Block A 2nd Floor Golf Course View - RM440k (Koiman)
12) Block A 10th Floor (TCH Ent)
13) 5th Floor, KLCC View - RM450k (chrisleews)

If I am a potential buyer, after seeing this seller's list always appearing in this forum, I will hold on buying..

are we going to v3?

i concur that price reflects the supply and demand equation ... BUT let me put up a scenario ..
price of a condo can be kept high eventhough they have less demand .. because in general, they have pai and covillea mentality that their condo worth more than market price and they always hold to break the benchmark .. at this time 9/10 seller can hold because they are blinded by the market price .. then u ask 9/10 potential buyers, they dont think the condo worth that much, hence will spend more time to find the right prop ..
price maintained high but transaction volume decrease .. this is what ppl call got price no market .. and due to that valuer will not give that market price also ..
this is also exactly what covillea is trying .. to influence his neighbours to sell higher .. but it will be difficult for 700+ units ..
so do u want to sell ur prop at market price but take 1 year to sell ? then u reduce by 10% but still u need 1/2 to sell .. and the gap grows bigger as a result of huge price difference expected between seller and buyer ...
so be realistic .. at this time everyone say they can hold .. when market crash, only then they get panic, then u will see the true price = true supply - true demand ..

Amazing ... Koi kinrara also asking almost 400psf ...

http://www.iproperty.com.my/propertylistin...ominium_ForSale