Looking to let go my M type, 1020 sq ft, Level 13 @ 395k.

PM me if interseted 

I can think of only 2 new developments nearby 1120PA, ie., PJCC Stella Serviced Apartments and Riverville KL/PJ South.

Thanks for the information.

If you look at the overall trends from 2009 to 2012, steel has gone up and still above the 2009 price level. Steel prices peaked in 2011 when 1120PA was accelerating constructions. In 2012, the steel prices started to dip this year due to slow down in China which accounted for about 48% of the global steel production. But generally in Malaysia the steel prices (which are controlled) are about 20% higher than in China and that is why there are allegations of dumping (wire rods) into the Malaysian market.

Steel only makes up a small percentage of total construction costs and as reported by Bank Negara, the overall construction costs (which included, amongst other things, cement, aggregates, labour, plastic-related materials, etc) had trended up since 2009. This is evidenced by the increasing prices per sq foot for new launches todate since 2009 and even unsold units are priced higher than their launch price.

If the material price in 2013 should succumb to supply pressure from China it would only benefit the developers (not buyers) as their launch prices before 2013 would have been based on historical price trends.  Cheers.

check it out at www.1120parkavenue.com dude

Emm. I wonder how do you know? Don't tell me you are the person that talk to the developer staff? Anyway, the developer staff said the unit sold at RM395K. I repeat, sold.

Cannot believe my eyes.....

1120PA @ iProperty

If any of this deal is transacted, all owners will go crazy....

since you already "done" the valuation..y not share the info here.

don't try to find waterfish to pay you 1.8k for valuation la...

u can't even disclose the bank's name.