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.

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.

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Added on June 25, 2011, 3:09 pmSubsale 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

So, do you have any good recomandation. Please PM me.

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Added on June 25, 2011, 4:33 pmA 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

A group of Malay artis namely Shiela Majid, Zainal Abidin and 20 of them bought some units there.

Naza TTDI is going to built a 30 storey Residential Tower next lot, priced at RM 750psf....