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Investment GLOMAC RESIDENSI DAMANSARA [OWNERS' THREAD], Offices, Apartments, Retail @ TTDI

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mmisulit
post May 1 2011, 12:59 AM

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QUOTE(cybermaster98 @ Apr 20 2011, 08:20 AM)
Maybe just 1 or 2 might be true but a MAJORITY of them are NOT true. Trust me. I am well informed about the industry.
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I am sure many would want to believe you because it is a logical thing for them to do so.
I am sure even some developers do practise that.

However, yes, i have checked this round already to the point I wanted to sign up for a choice unit, but it was already taken up during the Midvalley property show about 1.5 month ago.

I have signed up my SPA 2 Sundays ago, and most have signed up theirs when I checked with the SPA lawyers.
The salesman tried to sell me the bigger unit though because it seems to be not so high take up rate.

There are some who can't get their loan have returned, that's why you may see some booked ones reappeared, but not too many of them.

Therefore I can guarantee you the list is true.

the dude
post May 12 2011, 10:33 AM

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hi, I am looking to sell on my booking fee. Unit is on floor 13a, could not get mortgage approval. just pm me if interested, price is 597k


Added on May 12, 2011, 10:34 amps. is the smaller unit 870 ish sq feet overlooking klcc side...thanks

This post has been edited by the dude: May 12 2011, 10:34 AM
ericpires
post May 12 2011, 10:39 AM

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This location so near to the Malay cemetery. Still can sell so high?
Long Island 79
post Jun 16 2011, 11:28 AM

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Hey I heard there's new package coming out! easy entry scheme..discount 5-7% off the selling price. I received an email from them today. It should be good investment because not much money down for this investment. how do u guys think?
karma888
post Jun 16 2011, 02:19 PM

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QUOTE(accetera @ Apr 13 2011, 10:09 AM)
I'm expecting about an average of RM1,100+ psf for new properties in a few years time for PJ.
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Previous opinion by you are fairly commendable - keep up the good work bro!

Btw, i'm intend to purchase a few properties purely for investment purposes. Any good recommendation??

My personal view is to wait for the next downturn.


jepakazoid_82
post Jun 21 2011, 08:51 PM

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I'm wondering for glomac Damansara buyers, the loan rate for the service suite is commercial or residential rate? Whats the best blr - u guys get?
koteyy
post Jun 21 2011, 10:00 PM

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Im interested to take a unit around 1000+ sq ft (not a sub-sale). Is there any unit available? How about the financing package?
TSaccetera
post Jun 22 2011, 10:19 PM

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the construction seems quite slow, or issit just me?
GOSHEN
post Jun 25 2011, 02:16 PM

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QUOTE(accetera @ Jun 22 2011, 10:19 PM)
the construction seems quite slow, or issit just me?
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The foundation for all the block including the Tabung Haji office tower has completed. The 6 storey of office block is about 60% completed. It will pretty soon the office block be ready for occupany.

The Oval at the back is coming up fast. Some clearing works started at the land beside which belongs to Naza. The Bellwoth grade A office is under construction. The road widening works is progressing. The MRT station has relocated someway near Caltex. All these pretty encouraging and feel good...

Sunway Nexis Soho will be launch at RM820psf in August. This will set a new benchmark for PJ price.
cybermaster98
post Jun 25 2011, 02:29 PM

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QUOTE(GOSHEN @ Jun 25 2011, 02:16 PM)
The foundation for all the block including the Tabung Haji office tower has completed. The 6 storey of office block is about 60% completed.  It will pretty soon the office block be ready for occupany.

The Oval at the back is coming up fast. Some clearing works started at the land beside which belongs to Naza. The Bellwoth grade A office is under construction. The road widening works is progressing.  The MRT station has relocated someway near Caltex. All these pretty encouraging and feel good...

Sunway Nexis Soho will be launch at RM820psf in August. This will set a new benchmark for PJ price.
Can these so called 'benchmark pricing' be sustainable in the long term? I doubt. This is more like the case of developers trying to squeeze as much money out of the people before the property market starts to loose steam in 2012. But the secondary market involving subsale units in prime areas will remain resilient im sure.
cybermaster98
post Jun 25 2011, 02:34 PM

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QUOTE(Long Island 79 @ Jun 16 2011, 11:28 AM)
Hey I heard there's new package coming out! easy entry scheme..discount 5-7% off the selling price. I received an email from them today. It should be good investment because not much money down for this investment. how do u guys think?
The only reason developers start offering these schemes is to push sales. But ask yorself this: If sales were good, why would developers want to offer any rebates in the first place??

My advise to you is to focus on subsale units in prime areas. You can get much better units for investment with better capital appreciation in areas like TTDI etc.

GOSHEN
post Jun 25 2011, 03:06 PM

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QUOTE(cybermaster98 @ Jun 25 2011, 02:29 PM)
Can these so called 'benchmark pricing' be sustainable in the long term? I doubt. This is more like the case of developers trying to squeeze as much money out of the people before the property market starts to loose steam in 2012. But the secondary market involving subsale units in prime areas will remain resilient im sure.
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Look back in the history, the property price at prime area has never gone down. It will sustain during crisis but will pick up fast afterthat. A house that we bought at RM 300k in PJ five years ago will worth RM 800k today. It would not fall under RM 300k even a big crisis happens next year.

The real investor will grap up as many as possible during the panic dumping. The wealth changes hands. The price rebound when the cycle is uprising.

When you buy, make sure you have sufficient fund for this kind of circumstances.


Added on June 25, 2011, 3:09 pm
QUOTE(cybermaster98 @ Jun 25 2011, 02:34 PM)
The only reason developers start offering these schemes is to push sales. But ask yorself this: If sales were good, why would developers want to offer any rebates in the first place??

My advise to you is to focus on subsale units in prime areas. You can get much better units for investment with better capital appreciation in areas like TTDI etc.
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Subsale is good provided you can get a property with good price at prime location. It is hard to get now aday as the owners expectation is very high. Moreover, the down payment is hefty. The rental yeild could be below the interset rate.

Buying from the good developer migh be a way to invest if you intend to do so.

This post has been edited by GOSHEN: Jun 25 2011, 03:13 PM
cybermaster98
post Jun 25 2011, 03:15 PM

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QUOTE(GOSHEN @ Jun 25 2011, 03:06 PM)
Look back in the history, the property price at prime area has  never gone down. It will sustain during crisis but will pick up fast afterthat.  A house that we bought at RM 300k in PJ five years ago will worth RM 800k today. It would not fall under RM 300k even a big crisis happens next year.

The real investor will grap up as many as possible during the panic dumping. The wealth changes hands. The price rebound when the cycle is uprising.
When you buy, make sure you have sufficient fund for this kind of circumstances.
Thats wht i meant. I have always said PRIME AREAS. But Is Glomac considered prime area? I doubt. I bought a condo in TTDI for RM470 in 2009 and its worth approx RM 750K now (2 yrs later). This is only a condo not even a landed property.
GOSHEN
post Jun 25 2011, 03:18 PM

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QUOTE(cybermaster98 @ Jun 25 2011, 03:15 PM)
Thats wht i meant. I have always said PRIME AREAS. But Is Glomac considered prime area? I doubt. I bought a condo in TTDI for RM470 in 2009 and its worth approx RM 750K now (2 yrs later). This is only a condo not even a landed property.
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So, do you have any good recomandation. Please PM me. nod.gif


Added on June 25, 2011, 4:33 pm
QUOTE(GOSHEN @ Jun 25 2011, 03:18 PM)
So, do you have any good recomandation. Please PM me. nod.gif
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A piece to share:




Wednesday, April 6, 2011SOS Property Crash is DEFINITE?


WORLD




From USA, London to PIIGS. Crisis mainly due to property bubble.




Japan in 1989, property crashed.




Next, Asia Pacific like, China, Australia, HK, Singapore or Malaysia. Give or take, 2 to 3 years from 2011. I believe it is a domino effects. Thanks to stimulus and loan growth.




MALAYSIA




Only pockets will burst. A study shows that it closely correlated with KLSE. So, keep a look out on the share market as well, especially near the coming General Election (hence no more than 2013).




I don't remember 5 years ago there are any property gurus around. Today, any other day you can see advertisements by property gurus. Some have thousand of followers, some, a few hundreds. If you add them up, it is quite substantial say give and take, 5000 students. Assuming, 20% wants to accumulate RM1.0 million worth of property, you will have 1000 students x RM1.o million, we will have about RM1.0 billion (excludes foreigners). The balance 4000 eager students, say on average own about RM400K, you will get another RM1.6 billion. So, thanks to the new FORCE of property, we created a FRENZY for properties.




No wonder we hear less are in stocks, properties is big money. Launches on condos, easily, in RM300 mil to RM1.5 billion development. Some snapped up like within 2 days. Some have to ballots. Some, price skyrocked because there is an international school and a hospital and have a western concept.




Lets hope that they are right, FD is only 2.8% p.a., inflation is 8%. No way out but properties, which are proven a hedge against inflation. But many do not know what is DEFLATION, other than the Japanese. After 20 years, their properties is 70% below its peak in 1989.




This time is different, again, the most dangerous four letter word.






MyView




In an upcycle, everything is rosy. That does not mean you cannot buy property, you just have to be far more cautious. Remember, property is for 10 to 20 years, so be selective, one do not have many chances in one lifetime. It took American 63 years for the properties to burst, many have not seen a property drop in their lifetime.




Do your homework and maths, be rational. Sound easy, but most end up being emotional. At the moment, there is no sense of fear that property will burst, it is more of a fear of not able to get a property.




The reason I mention a couple of time on property is that, the world currently is more integrated and money flow in or out are more easy, couple with stimulus and liquidity, everything goes up. When did we last hear that when crude oil prices goes up and share prices go up the same time?




It is not easy to know when is the top, so, lock in when the profit is decent

This post has been edited by GOSHEN: Jun 25 2011, 04:33 PM
TSaccetera
post Jun 29 2011, 12:18 AM

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still got units meh?
Lcsx
post Jun 29 2011, 09:21 AM

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QUOTE(accetera @ Jun 29 2011, 12:18 AM)
still got units meh?
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Yeah,

The very large units and the not so attractive units.
chkoyo
post Jul 1 2011, 03:11 PM

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QUOTE(accetera @ Jun 29 2011, 12:18 AM)
still got units meh?
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Yes, still got. Interested pls let me know asap, unit left not much at Block B(Tower2).
Calvin, 012-2229662.
kochin
post Jul 1 2011, 03:14 PM

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mind sharing the price?
thanks.
GOSHEN
post Jul 3 2011, 04:43 PM

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QUOTE(chkoyo @ Jul 1 2011, 03:11 PM)
Yes, still got. Interested pls let me know asap, unit left not much at Block B(Tower2).
Calvin, 012-2229662.
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A group of Malay artis namely Shiela Majid, Zainal Abidin and 20 of them bought some units there.
1282009
post Jul 3 2011, 05:59 PM

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QUOTE(GOSHEN @ Jul 3 2011, 04:43 PM)
A group of Malay artis namely Shiela Majid, Zainal Abidin and 20 of them bought some units there.
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Interesting ...


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