hi guys I just went to the empire sales office last week, apparently all the SoHo units sold out but heard from insider prob left back last 2 units SoHo 940sqft ard 460 - 480k.

seems 95%+ buyers r Chinese most of which buying for investment it seems like everyone so sure price will appreciate in 4yrs time n then sell off by then.

this palace in total will hv 11000 car parks, can u imagine how jam the entire area will b like?? I know it seems like this place is sure-win confirm make money will appreciate by then but I wonder whether anyone got think that with so many SoHo units by then, who is going to even rent those units??

if everyone is thinking the same looking to sell at higher price but really got SO many businesses want to rent there meh?

imho there might be a chance that there'll b super glut of SoHo units by then inclusive of all d offices in empire dsara, it'll b like Solaris dutamas now all the owners are slowly bleeding to death paying the monthly installments with no one to rent to, I dun know its just my humble opinion

what do u guys think?

oops didn't realize that, so many threads how to know le

anyway bro, i know you are quite the sifu here, since empire city oredi old news, what do u think is your top 3 picks for investment properties now r (not for own stay but to make money)?

it just seems that even if want to purchase anything now, even from subsale, most of it is already at a super premium, how to even cover installment and make money from it le haih

or u prefer to just wait it out for few more months for the 10% drop?

sory actually i shd've rephrased my sentence properly.

actually i shd've said for at least a year or so n hope for prices to drop by then.. it's really hard to know whether it will even drop at all or it'll just keep on going up all the way (somehow i still think that there's a higher chance that prices might keep going up and stay stagnant or at most drop 5 - 10% by end of 2012) cos the REAL effects of all the mammoth supplies of condo and office lots will only be seen by then when all the units are ready and ppl are required to start paying the installments. It's SERIOUS oversupply now man, u look everywhere it's filled with condos n offices!

Lots of investors who bought since 2008 hoping to sell or rent to buyers, when they realize then that almost evryone is thinking of the same thing, and then they have to fork out monthly installments on money that they don't have, (i am still pretty sure the average malaysian don't have so much cash to afford such high prices), that is when ppl will start slowly letting go.. 1 property shd be no problem for them to tahan, but on the 2nd and 3rd, i really doubt so..

i feel they will die die also hold on to their properties cos they duwan to feel stupid and make a loss on all the money they paid, but the fact is that is if it keeps eating 2-4k each month from the income that they are already are up to their necks with the inflation that we have today, it would happen but i know they will keep on holding until the very last minute..

of cos the super rich, they won't have the problem but im talking about the average malaysia who prob earns anywhere between 6 - 9k these days.. u think they can afford to pay meh? ( i used to be a headhunter before, so i know the average even considered "high-roller", average MEDIAN employee income is probably at between 12-15k, and usually they are VERY highly geared with monthly commitments, it's normal whether it be for chinese, malay, indian, etc).

the argument is that a number of properties now are being bought by foreigners to invest here, so they actually do have the money to tahan, so again it's really subjective, that's why it'll be interesting if the sifus here can also share their view on this too

wah bro, ritze perdana, sure bo?? for rent r?

care to share why u think so?

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Added on April 27, 2011, 8:58 amalthough i do agree that all the property guru seminar here is in fact playing a part in "fuelling" ppl to wise up and invest in properties

yup the only thing with empire is they don't allocate a "permanent" parking space for you, which means that everyday u have to fight for lengchai parking aiyo can u imagine how ANNOYING that is??

This post has been edited by bling3: Apr 27 2011, 08:58 AM

if u enquire properly, most of the roads surrounding empire city is all one way, 11k carpark, how not to jam, just sit back and imaginela.. now LDP is not that bad yet..

just wait 3 more years when all office at empire damansara open plus empire city plus the development by bousted, THEN will be the real jam

anyhow whatever said and done, lets all be frank, where around is not jam one? if not jam, ppl say place not ong, if jam, ppl say jam adoi

any property around this area cannot die onela, PJ where got land somemore..

moreover this place will be shopping hub, at the end of the day, the one most untung is all the retail shops that will be opening around that area, MEH smart, that one they still own it

ya'll notice more and more NPL happening d.. it's all a matter of who got more holding power now only..

This post has been edited by bling3: May 9 2011, 01:15 PM