QUOTE(ts1 @ Sep 13 2012, 08:36 AM)
budget will be end of sept, i dun think budget would hv much impact on property esp on completed unit and that kind of price range..
420k for 1074sq feet, try call, they can advertise but when u call, the unit no more.. ..ask i said b4 many times, my fren sold close to 470k pool view
As for budget, it is everyone's guess whether it would have any sort of impact. Still, I would think it's wise to wait until the announcement which is less than 2 weeks from now.
Your friend may be lucky to have sold the unit close to RM470k. Perhaps a buyer who really likes the unit and does not mind paying for the price. In my view, the appreciation of Midfield units is too high. In a span of just 1 to 2 years, the selling price has appreciated by more than RM200k. From my understanding the launching price of Midfields is about RM230k(RM215/sqft).
It is tactics used by most agents or speculators these days in putting up a low price. Several listings on iProperty from RM350k onwards. In reality, there may still be handful of units available. It is only that potential buyers are unwilling to commit at the advertised price.
Despite the high inflated price of Midfields, this place is still in my consideration list but not the top choice. There is another new development in Ampang that is about to be launched soon with a selling price of RM330/sqft. Most likely will consider this over Midfields although location-wise I still *slightly* prefer Midfields. If I do end up with the Ampang development, at least I have the consolation that I am not paying for overpriced property whereby prices are being pushed/dictated by agents.
In the upcoming budget announcement, in an attempt to overcome increasing property prices(apart from building more low-cost homes for the lower-income group which have attracted some heavy debate with pros and cons of unoccupied units), the goverment may impose certain conditions in preventing speculators/investors from driving up prices of property, the current scenario for the past few years. Not too sure how the government can achieve that without upsetting certain groups especially those who are just looking to make a profit in the property sector. Because of these group of people, most genuine home buyers in the younger generation looking to own their (first) homes could not afford one unless they are tied up with long period of payments or some form of monetary aid from family members is available.
This post has been edited by ryder_78: Sep 16 2012, 12:35 PM