hi all,

i've noticed recently the prices on new condo has increased quite noticeably, namely in the Puchong, SS2 areas, new condo about 1200 square feet are selling for 300 - 400k+..........i've wanting to buy a new condo but now i'm not sure if it's still worth investing with prices close to 400k (my sis bought one at only 200k+ just a couple years ago).
What do you guys think, is it still worth investing?

thank you.

not worth it.
it's a bubble, will burst one.

dont buy now later rm450k.

This post has been edited by airline: Jul 6 2010, 09:28 AM

question is how soon it will burst?

already way above the average middle income person affordability.
i see the bubble bursting in less than 2 years time.

average can afford. just drag the loan to 45 years like Affin Bank. haha

set your limit to 300k is safer,
400k is risky for average sole income earner

why not go for a 1000sqf unit then ?

This post has been edited by thechallenger: Jul 6 2010, 09:53 AM

Cannot compare what was few years ago and now..

I used to have the guideline that average apartment should not go more than 200k while Condos should not go more than 300k.. Condos which I thought was already expensive has gone even higher.. you may choose to wait as some ppl say the bubble is going to burst.. But I will say its just the trend of urbanization.. Properties in urban in modern countries are way beyond the means of average income earners, that is the fact.. either choose to live in a smaller unit, or stay way far away in outskirt (look at Japan, Hong Kong, Singapore).. Notice that the current launches are fewer compare to few years back..

Good luck

This post has been edited by eugene jk: Jul 6 2010, 11:04 AM

Koi Kinrara is selling from RM251k mah for 1063sqft

people keep on telling there is bubble and will burst soon since year 2006. and the property price already gone up for 50% and yet people still said bubble will burst.

Yup.. there are a lot of other bargain buys around like The Sanderson @ Bukit Serdang starting from 220k..

Of course with the given price tag, the accessibility might not be as convenience as others..

Sometimes, you might need to pay some premium price for better investment secured properties.. like some Daikor Daijie say, "dont look at price, look at value"

True, puchong is over developed by now, just check the new site at Tasik Prima, the double-storey terrace already reaching 600k n its sold out

prices have gone up alot and the risk of getting caught is near and higher. no doubt it have gone up but provided the owner sells the property if not its consider not profit yet and the bank have lockin yr loan for 5 years.

anything not sold cannot consider profit yet. prices will go up and down. there is no such a thing that goes up and do not comes down.

selling a property is consider difficult to sell bcos alot of competitors around. unless is flip flop straight away else if drag the longer to sell there is not much of a profit gain. selling a property is also depend on luck

actually buying property is just a force savings after deducting all hidden cost eg stamp duty,agent fee,lawyer, loan interest etc as really calculate all the fees incurred etc

alot of property agent do say is to easy sell but the truth is the other way round. who wants to buys a property thats have already gone up alot unless is very desperate waiting for another jump.

have to be patients, wait for the price to come down. bcos the interest will kills the owner in time to come(if the loan is alot) bcos the property is under the bank not the owner yet. buying a property is not just simply buy the property but also need to suit the owner feng shui directions, best position facing which direction etc or else alot of bad luck and not smooth going/ trouble bound to encounter in the future in the person life. have to believe abit

dont chase after a property (just like share market or else will regret later on). ITS A HIDDEN TRAP

This post has been edited by lowyat888: Jul 6 2010, 11:23 AM

Price will drop when youngsters from rural areas stop coming to Klang Valley for work and study............... You can estimate how many house need to build every year just to accomodate those people who come from other areas............

I guess that'd be almost unlikely to happen since KV has most of jobs in Malaysia, besides Penang and JB.
Just feel that there's a "ramp" of property prices in KV these 2-3 years. Not sure if this is healthy for economy as a whole.
Probably some economy expert could share their sights here.

We have to understand the demography and population growth trend in the past few years and coming years...

http://ms.wikipedia.org/wiki/Senarai_neger...ngikut_populasi

It is estimated 7 to 8 million population in Klang Valley this year.. Klang Valley has the highest population growth rate in the country, (new born, urbanization, minus death) .. Study shown that average growth rate for KV is 4.8% per annum, that translate to 336,000 people added to klang valley every year... How many new houses are added into Klang Valley every year??? In fact, Mr Ho has underestimated the number 8 Mil by 2016 while he provided this forecast in 2006, I think KV will hit 8 mil very soon... Its just supply and demand theory...

Population in Klang Valley to remain highest

KUALA LUMPUR: The population growth rate in the Klang Valley will continue to be the highest compared with other regions such as Johor Baru and Penang, Ho Chin Soon Research Sdn Bhd managing director Ho Chin Soon said.

Between 1991 and 2000, the Klang Valley grew at 4.8% per annum, compared with Johor Baru (4.6%) and Penang (1.57%).

�If the growth rate of 4.8% per annum in the Klang Valley is sustained, we will have a population of 8 million in 2016,� he told the seminar.

Ho identified four growth corridors. They are Sungai Buloh/Damansara, Puchong/Seri Kembangan, South Klang and North Klang/North Shah Alam.

�The Sungai Buloh/Damansara and Puchong/Seri Kembangan corridors will be considered built up soon, so new corridors will depend on road and transportation infrastructure projects,� he said.

On deciding where to invest, Ho said it was important to consider the location, timing and branding of the product, adding that confidence in �local knowledge� of a particular area would help in making investment decisions.

The Star assistant supplements editor S.C. Cheah said investment in property should be on a long-term basis and gave examples of popular housing concepts such as landed and low density gated communities, a mix of landed or strata gated community, townships with special precincts, bigger condominiums or apartments and inner city living.

On the types of properties to invest in the Klang Valley, he said: �Shop offices in high-growth areas such as Kota Damansara, Klang, Section 7 Shah Alam, Bandar Puteri Puchong and Cheras. Houses and apartments in old townships with very comprehensive facilities and amenities and excellent highway linkages such as Subang Jaya, USJ, Puchong and Old Klang Road could be considered.�

This post has been edited by eugene jk: Jul 6 2010, 05:13 PM

Where is your prospective condo located? RM 333/sqft to me still ok, but have to factor in the location, facilities, selling point and etc. Mind you, verve suites latest launch is selling at RM1300/sqft..ppl said overprice, but BKP still able to sell more than 50% before official launch...and last i know all unit below 22nd floor sold..
and ppl who telling me overprice is trying to get a unit..

If the bobble going to burst it will take some time to effect the whole picture..
It won't just burst like that...
When ppl know they cannot sustain, they will move to less famous area, downgrade.

So there is no effect weather there is a bobble or not. It just a reason, for not buying a property. Look at central HK, JP. KL. You already know what's is happening. Wait longer later lagi pening.

the bubble burst or not depends on

1: supply and depend.
2: interest rates. (i heard its going to go up by another 25 basis point this year)
3: general election. depends BN or PR wins
4: Government policy and projects implemented.

This post has been edited by 106127: Jul 7 2010, 03:34 AM

yalor....
haha. ppl been saying this for how long ald.

exactly.

ever since 1998's crisis, ppl been saying that all the time. property prices still go up. ppl still buying. property still being built further and further from city centre and getting more expensive.

average income-earner can't afford doesn't mean it won't sell. there're a lot of foreign investors and those ppl with tonnes of money willing to buy more than 3-5 properties in their lifetimes.