QUOTE(ebackbone @ Jan 5 2011, 12:13 PM)
anyone else thinks that this project will be catastrophically bad if it is ever completed? the reason is because since the launch, progress is at a super snail's pace and costs of materials has jumped a lot in 2010 and will be even more come 2011. at the rate of construction, the costs for materials when it is needed will be so high that the original pricing is not worthwhile for the developer anymore. the developer will be faced with two choices then. either abandon the project or use alternative super low cost materials and cutting corners here and there to try to maintain their previously projected profits. either way, it'll turn out to be a bad result for the buyers and investors. since this is a leasehold project, it makes it super hard to sell off the units for any investors especially if the delivery of the completed project is poor.
Ya, agree. Everything increase price this year, costs of materials has jumped a lot in 2010 and expected increase 10-30% this year.
Don't based on the newspaper info (the sun or the star) said stable of price of constuction materials.
papers also said no increase price of beverage,but when u order milo or teh tarik in mamak, semua sudah naik harga 10-20 cents.
Based on those work as sub-con, costs of materials already incrase a lot if compare 2009.
Hopefully, the developer can build as fast as possible la...
I hope can move in 2012 la..
One of customer previously he work in Peter Group said the boss of this developer, Peter is a kind of stingy person.
Normally he will use cheap material to build all his projects.
But he is the kind of ppl very "love face", so he will complete the projects by using cheap material.
No matter this is true or not, just hope peter can fast fast complete the project.
Added on January 28, 2011, 4:29 pmagree with doom doom, 1120 is at the south side of pj which have less value appreciation compare to pj center and north part.
So those who buy 1120 for investment for value appreciation, dont put too much of hope...
I checked with a lot of of property valuer, this area low value appreciation for in coming 4-5 years.
Dont put too much of hope for government to develop this area because this area a lot of land under bumi land, very difficult for government to use the land for develop.
1120 suistable for own-stay or rent out.
This post has been edited by kimgary2010: Jan 28 2011, 04:29 PM