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Investment Five Stones @ ss2/72

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constant
post Jan 26 2010, 07:58 AM

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QUOTE(lowyat888 @ Jan 25 2010, 11:48 AM)
eg
3 years ago ameera were selling at rm450k  1400++ sq ft
4 years ago mutiara damansara surian at RM388k 1400++ sq ft
3 years ago izen II mont kiara at rm450k  1400++ sq ft rental around rm6k -7k
4 years ago ken3 at rm245k 1200++ sq ft rental around rm1.5k -2k
5 years ago ken2 at rm250k 1400++ sq ft rental around rm1.5k -2k
5 years ago marc klcc rm500k++ 900++ sq ft rental around rm6k -7k
5 yrs ago damansara perdana penthouse duplex RM388k 1400++ sq ft
5 yrs stonor condo studio klcc rm400k 660 sq ft rental around rm2.5k
10yrs bandar utama 2 1/2storey at RM388k rental rm1.5k renovate almost 300k + furniture and fittings. current market selling 650k++ (interest not calculate yet)

pj8 studio rental around rm3k 660 sq ft

until now with interest/hidden renovation etc addin also not much earn/ appreciate if really calculate compare market price. might even breakeven or loss.
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Hi lowyat888,

From your examples, ken2 was at rm250k 5 years ago. I think now should be more than rm450k. Isn't that quite a good appreciation? Ameera was at rm450k 3 years ago. It should fetch rm600k now. It is also profitable right?

Thx
constant
post Jun 15 2010, 10:31 PM

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QUOTE(Phoeni_142 @ Jun 15 2010, 10:28 PM)
u r right - bubbles r forming....but IMHO - only selectively.

if u take ss2 as an example - only selective developments like this 5 stones, or 8 pebbles, or 12 marbles or whatever it's called is going tru the roof. 

And euphoric investors, or speculators if u like, or pushing the price to 600 psf and beyond.

but there are opportunities that r overlooked.  That's what I love about 95% of the crowd chasing all these "hot developments"

My suggestion: look deeper around the ss2 area - plenty of boring places in great locations that is still deeply undervalued.

cheers.
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Mind to share where is it? condo or landed? Most proprties in KL/PJ syrocket in past 6 months alone..

constant
post Jun 15 2010, 10:46 PM

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I do not know about SS2 but Damansara Jaya/DU/D KIM/bandar utama all have appreciated tremendously over past 6 months. I am assuming that ss2 landed have also appreciated. Don't tell me they are still at 6 months ago prices?
constant
post Jun 16 2010, 11:41 AM

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Those who got in early at 450/sf, which at that time was VERY EXPENSIVE, suddenly seem like they got a good deal cos every other project is selling like 600psf onwards. Westside DPC is fetching 700psf for higher floors. Tropican grande at 600sf almost sold out except those super large ones costing 2-3m rclxub.gif

congrats to early buyers

p/s i am not vested

This post has been edited by constant: Jun 16 2010, 11:42 AM
constant
post Jun 16 2010, 10:42 PM

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QUOTE(Phoeni_142 @ Jun 16 2010, 10:16 PM)
Sigh.....

Look at DJ - it's as old as ss2.  Take a drive to these "old houses" and observe both areas. What do you see? Observe deeply again. 

Don't get me wrong.  I LOVE the fact that you disagree with me. 

By the way, it's kinda obvious that SDB has pulled your heartstrings.  That's cool.

You hv yet to answer my questions.  I am still waiting

So tell me - have u invested in 5 stones? If yes - why exactly? And are u doing it for own stay or purely for investment? What other areas did u consider, and why did u settle for this? (if u did)

What proposition does this have over other mega launches like your DPC condo bubble mania's?
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Hi Phoeni,

When investing in these landed, do you fix it up and flip or fix it up and rent it out?

 

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