Oct 24 2012, 05:20 PM
QUOTE(explorer2 @ Oct 22 2012, 01:29 PM)
Thanks Helius, you are absolutely right on the availability.
I've done some analysis myself and I find MF to my liking, one man's meat the other poison.
It all depends on one's ownership perspective, does one purchase to make a quick 5/6 figure, renting out or for yourself/family? Each of the above will have its own prerequisite but similar at the end nevertheless. For quick bucks, all investors had already made their profits, it's a matter of how much is enough. Again, we lived in a different time now, 300k+ with good local and perks simply does not exist anymore, those were the yester years, sad but true.
As most have shared, most units does hover along the 450k+/- range and I believe it's here to stay. Even though I'd liked it to be within the sub 400k range, it would either be a good purchase or it could signal the opposite.
Block C which I'm interested in cost the most, up to 400k I believe from my limited knowledge simply could not go lower otherwise 1st hand owner would be taking losses.
Block A & B is different altogether price wise and are riding on the new price benchmark. Like all condo, to each their own, nothing is perfect though MF however I like it does have its predicament like for example its local which could be a + or a - in a sense its close proximity to central vs its sub-sub-urban demographic, who knows what would the landscape be in a decade time? the tower/cables, maintenance and etc. I'd buy whatever I fancy and afford.
In the meantime I'm also looking at block B to widen my option, pool view low floor is my preference, PM should you have available unit, decent offers please, genuine home purchaser.
Cheers
Added on October 22, 2012, 2:00 pm@ryder
We have always been living in a world of speculation, it's just that we are riding at the height of it at this very moment.
What justify asking price per square feet? Too many factors I'm afraid where too many plays are in question for instance profit taking by various interest where the highest margin rule the day. Banks that over lends based on gross income ignoring vital variables which equates to high risks returns but with one important element which is the propensity to ensure that borrowers are able to materialized gains.
Owners, agents and developers plays the maintenance role to ensure prices are in check for sustenance.
All of these are basic economic, the downside of it all are tremendous as well as fabulous in profit sense.
If you look at land parcels in the valley, they are in abundance setting the landscape for a new era of pricey cost of living.
Economic sustenance is key and I don't see any reasons prices would fall unless we are hit by a economic turmoil.
i'm planning to buy one, but one question tough..I've done some analysis myself and I find MF to my liking, one man's meat the other poison.
It all depends on one's ownership perspective, does one purchase to make a quick 5/6 figure, renting out or for yourself/family? Each of the above will have its own prerequisite but similar at the end nevertheless. For quick bucks, all investors had already made their profits, it's a matter of how much is enough. Again, we lived in a different time now, 300k+ with good local and perks simply does not exist anymore, those were the yester years, sad but true.
As most have shared, most units does hover along the 450k+/- range and I believe it's here to stay. Even though I'd liked it to be within the sub 400k range, it would either be a good purchase or it could signal the opposite.
Block C which I'm interested in cost the most, up to 400k I believe from my limited knowledge simply could not go lower otherwise 1st hand owner would be taking losses.
Block A & B is different altogether price wise and are riding on the new price benchmark. Like all condo, to each their own, nothing is perfect though MF however I like it does have its predicament like for example its local which could be a + or a - in a sense its close proximity to central vs its sub-sub-urban demographic, who knows what would the landscape be in a decade time? the tower/cables, maintenance and etc. I'd buy whatever I fancy and afford.
In the meantime I'm also looking at block B to widen my option, pool view low floor is my preference, PM should you have available unit, decent offers please, genuine home purchaser.
Cheers
Added on October 22, 2012, 2:00 pm@ryder
We have always been living in a world of speculation, it's just that we are riding at the height of it at this very moment.
What justify asking price per square feet? Too many factors I'm afraid where too many plays are in question for instance profit taking by various interest where the highest margin rule the day. Banks that over lends based on gross income ignoring vital variables which equates to high risks returns but with one important element which is the propensity to ensure that borrowers are able to materialized gains.
Owners, agents and developers plays the maintenance role to ensure prices are in check for sustenance.
All of these are basic economic, the downside of it all are tremendous as well as fabulous in profit sense.
If you look at land parcels in the valley, they are in abundance setting the landscape for a new era of pricey cost of living.
Economic sustenance is key and I don't see any reasons prices would fall unless we are hit by a economic turmoil.
knowing its leasehokd, what would happen after the period?
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