Headline: Hair today, gone tomorrow
NST Property Talk by Andrew Wong , Oct 7, 2011

INTERESTING times these. As property developers in the world's mightiest economies chart out plans to lower their property prices, ours think it imperative that theirs be raised.

Tan Sri Wan Azmi Wan Hamzah, majority shareholder of E&O Bhd, gave a memorable quote during an interview with another English daily that went something like this: "As we speak, financial and equity markets across the globe are looking mighty wobbly, holding out the promise for those with spare cash a rare opportunity to buy quality investments at near fire sale prices ..."
That's what investors expect today: Fire sale prices. And that's what Hong Kong's builders are providing.
Noticing an alarming 35 per cent drop in sale transactions to a point not seen since the beginning of the 2008 global financial crisis, billionaire Li Ka-Shing's development arm Cheung Kong recently launched a large residential project in Tseung Kwan O for 20 per cent below the market's expectations.
An analyst observed that this put the offer of a brand new home even lower than a completed unit for sale on the secondary market in the area which "is quite rare".

The reason for Cheung Kong's move was to counter the diminishing appetite of buyers by giving them something they couldn't resist. And the strategy is working ... even to the point where rival developers are being pressured into doing likewise due to fears of a worldwide recession that could hit Southeast Asia by next year.

Rather than hold onto the hope of fat profits, the developers there pragmatically seem to be willing to take haircuts now in order to have the cash with which to ride through the lean times.

China's builders too are thinking along the same line.
"Developers likely to cut prices 15 per cent" screamed a South China Morning Post headline mid last month, following government measures to cool the property markets of key Chinese cities, which resulted in sales falling by 12 to 13 per cent.

"Developers of China's residential properties are expected to adopt a pricecutting strategy to boost sales as cautious home seekers are reluctant to enter the market during what is usually the peak season," read the SCMP story.

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Will it happen in Malaysia's Developer like Mahsing???

So 3SSL entitled for DIBS?i got my loan from MBB..but the SA  told me no DIBS for all??

hahaha..all this assumption is based on travelling speed of 120kmph? and no car at all ie during cny or hari raya??

I heard there also another new highway connect from Kinrara to Damansara too.. I'm worry the traffic condition will become worst.. JAMMMMMM!

yeah....from bandar kinrara to klcc via MEX....normal day..ie non peak is 25 - 35 min.....

CNY ....no ppl in town = 20 - 25 min journey.,...

but other than tat...i believe most ppl spend most their time in peak hours.....ie travel to work n back  (a 9 - 5 job) we are looking at 45 min - 60 min to reach klcc......

cause i been travelling everyday ...to kl....

anyway.,....traffic in malaysia never reduced even with more highway build.........malaysia boleh!!!

i support LRT / MRT........direct to klcc!!!! from bandar kinrara!!! 

collectively should ask for rm100 k discount

don't think that will happen, unless they are a long Q of potential buyers waiting to sapu your unit 

hi,
I living at Bandar Kinrara 6
there are new construction building in at empty land and now can see houses already
anyone got any information about that property?

I just checked some listing on iproperty: Waterville's real deal. I've been in the compound of Lake Edge, and the terrain and surrounding are very nice.
Besides giving good materials, Waterville even came with air-cond unit (not just piping). Comparing MS KR, similar open concept, modern facade, YTL Waterville are more generous (even to mention they are ready for move-in): YTL bigger land size (40 x 85), though MS bigger built-up by mere 1sqf (4118 vs 4117), YTL gives you a pool on top of better materials.

Both 3 storey Semi-D, even some argue KR location is preferred; but just can't deny... considering cost per sq ft weighting against finished product (concept - similar, layout - comparable, compound - yet to determine, materials - ohoh), reconsider KR? 

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Added on December 15, 2011, 6:14 pmOh yea, in case those who may ask and in fact I remember seeing someone asking people to survey and said SemiD without clubhouse is already at similar price... that's a no no. Reputable developer at RM 1.8M for 3-storey Semi D, YTL Waterville have got a club house: Bigger pool adjacent the lake (calm and easing view), gym, jogging track, playground, tennis court, futsal / basketball court. My goodness, we have water fountain in KR Clubhouse 

hmm...looks like motivation for me to cancel the purchase.

if they do not want to upgrade and still arrogant probably pulling out is better option. i am sure next year we will have more bargains as economy is slowing. even bandar kinrara by i&p give much better finishing.

when mah sing is selling at the price 6 months back probably still can sell (>rm300k diff). now with the price and poor quality i do not think it is selling well. please check the last row of palmiera and ambrosia. mah sing thinks they can just increase price and people will buy. so they will test the market and if still take up rate is slow i am sure they will be rebates and upgrades.

clear winner? not sure yet...

Qaseh Superlink lower price , freehold, better quality materials, bigger build-up and land size - KR good facade + clubhouse (small / inadequate facility)... seems KR has got look only (from outside seems good but inside no substance)

Initially I thought MS was at the equal standard as other big name (ytl, sime darby) ... I think comparing Lake Edge was valid as they do have 2 phases of super link (24 x 85, 22 x 100)... not sure about other project, but just comparing Lake Edge with KR, MS seems out of the league (value for money / price, quality, clubhouse, you name it)    Check http://forum.lowyat.net/topic/1883923/+260 and see what we get for paying a mil for a link house     
Go to ytl lake edge site or iproperty and search for lake edge pavillion, their layout / floor plan, facade, concept, material ... Though asking price now is higher compare KR .... man    regret man o man sux sux @#%$$& (if only i knew)

Spend here alr. Where got xtra

I am surprised so many who bought KR never even visited Lake Edge before.  It is wise to see what your money can buy before you sign the dotted line.  When we were looking for a house to stay, we try to visit at least 2 houses a week just to see if others match what we have in mind before committing......

hmm...if you look at my earlier post i only spoke about semi d. you brought up the link house. so you are confusing the matter and comparing different animal.

i cut your post because i only commented your statement of clear winner which i do not agree. i also mentioned on my statement that i only compare semi d quality of KR vs I&P. I did not compare qaseh therefore i am not sure why you mentioned qaseh!

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Added on December 16, 2011, 8:58 pm

I think you're the missing the point here. Not mean to offense - just trying to clear up things. samuelazz was always referring to semi Ds. He quoted your earlier post particularly on the clause you mentioned "clear winner" (KR vs Qaseh). About the winner(s), we need to look at 2 main stakeholders (developer, include contractor / supplier, etc;  and purchases). So the comparison :

Developer
MS KR - sell faster, much bigger margin (clear winner as you mentioned)
I&P Qaseh - sell slower but still will reach sold out, maybe lesser margin (maybe loser)

Purchaser
KR - lease hold, modern facade, clubhouse, low quality material (...mm)
I&P Qaseh - freehold, bigger build up, bigger land size, better quality materials (...mm)
on the purchaser end, there's no clear winner but lean towards I&P Qaseh in long run (freehold with substance) if KR material and club house is as-is(leasehold with out look only)... Purchaser is paying more for a lease hold property but getting less even in terms of material used. The comparison also apply to Semi D. As a KR purchaser myself, of course I want to hold firm and find all positive aspects in supporting my choice.... but as I said, I just can't deny...