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Flora Damansara
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simply red
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May 18 2012, 12:51 PM
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New Member
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Y ppl starts looking at lower end property is bcos the mid and high end prop hv moved significantly leaving the lower end lagging behind.
For Flora to reach RM180k is not impossible for now! What can u get for RM200k in PJ? Make a search...
The lower income group make up of the biggest quadrant. Where these ppl gonna stay? What can they buy? There r no new project below Rm300k now. The supply for lower end prop r getting lesser but the demand r ever growing.
Just a share of tots!
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simply red
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May 18 2012, 02:37 PM
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New Member
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QUOTE(mrchipsley @ May 18 2012, 02:10 PM) Investor r opportunist. We put our money on where there r money to make. Don't get emotional my friend. If u don't think this is the investment for u then stand aside keep yr money in the bank and try fighting the inflation. This is market forces nobody can help it unless policy change. This is the market sentiment whether u like it or not. Wake up and move on my friend. Face the reality.
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simply red
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May 18 2012, 03:38 PM
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New Member
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QUOTE(mrchipsley @ May 18 2012, 02:47 PM) errr, it's not whether i like it or not...you observe many are buying this property ? ( pls dont ask agent, until cow comes home they will say a lot of people buying...) from what I see, more are trying to sell off, rather than buying hehehe. 250 for sale / 2000 units = 10 over % its not a lot, moreover there r many repeats from different agents. If u hv follow the market for the pass few months, prices for 850sf hv moved from RM120k - RM140k. Rent has increased from Rm500 - RM800/mth. This shows that people r buying and renting. 1st owner hv difficulty to sell previously when the prices for other properties r still low (many below Rm300k) and now there r demand for their property therefore they sell it. They hv hold it for about 10 yrs with not much appreciation but not knowing the future potential of the property. With so many new offices and shops nearby, the demand for rental will increase. Rent increase, prop value also follow.
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