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 Your Worst Property Invesment, Share your story

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rakyat
post Oct 22 2010, 05:33 PM

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QUOTE(lokideangelus @ Oct 22 2010, 05:12 PM)
taman paramount condo ....
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This one and Rytham Avenue in USJ19 I nearly kena.

Tmn Paramount was cheap and next to LRT + PJ address but I gave it a miss coz hightension cables and my personal prejudice bout Paramount (gangsta area) oso not BBB mood that time.

USJ19 was very cheap and attractive at that time and only b'coz banks did not want to lend me $$$ I was saved.
JamesPond
post Oct 22 2010, 11:31 PM

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lousy tenant always applied to lousy area and desperate owner...

but prime area will have the same issue. But the owner need to be efficient and educated how to work with law.

example, use a tenancy agreement will be strong enough.
niZtelrooij
post Oct 24 2010, 01:35 PM

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Apartment at Kajang Utama also worst investment

Pai
post Oct 24 2010, 07:41 PM

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QUOTE(rakyat @ Oct 22 2010, 01:49 PM)
Property is still 1 of the best investment vehicle to amass wealth.

It is a finite and tangable asset and allows incredible leverage. Just do some 'homework' b/4 putting your money & remember 'location, location, location'.

Since u invest in equities, lets us KLSE analogy - just b'coz you bought some UMNO counters (Bkt Beruntung) based on election tips (new airport) and got burnt does not mean shares are no good. Instead of relying on tips, punting on penny shares, do some research and try to discover some solid business. Or if you want to be save, invest in established bluechip.
Bluechips might be expensive and unexciting but will deliver consistant results and dividends (capital appreciation and rental yield)

For every Rawang or bkt beruntung or abandon projects, there are also 12% rental returns and 150% capital appreciation upon VPed stories.

Sorry for being blunt - like KLSE most of the ppl burnt worst are Aunties, retires & Noobies, RE investors in Rawang & BKt. Beruntungs were normally........  whistling.gif
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Great analogy smile.gif
WWJD
post Oct 24 2010, 10:55 PM

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QUOTE(airline @ Oct 13 2010, 08:33 PM)
Buy any talam project sure regret
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agree on that... my house in putra perdana, puchong cannot appreciate. it is too far away from IOI and also Cyberjaya. furthermore Cyberjaya and Putrajaya itself have houses.
0106127
post Oct 25 2010, 01:23 AM

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QUOTE(stardraggiexx @ Oct 21 2010, 07:58 PM)
Simple.... cheap things not necessary good... good things definitely NOT cheap...
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this is not true
Daryl Teo
post Oct 25 2010, 01:38 AM

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QUOTE(WWJD @ Oct 24 2010, 10:55 PM)
agree on that... my house in putra perdana, puchong cannot appreciate. it is too far away from IOI and also Cyberjaya. furthermore Cyberjaya and Putrajaya itself have houses.
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Have to disagree. I bought Bandar Baru Ampang dsl 18x65 back in 98' for less than 100k. Today it's letting out for 950 & has a market value of 280k. Has never been vacant til today.

This post has been edited by Daryl Teo: Oct 25 2010, 01:39 AM
epie
post Oct 25 2010, 01:41 AM

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QUOTE(Daryl Teo @ Oct 25 2010, 01:38 AM)
Have to disagree. I bought Bandar Baru Ampang dsl 18x65 back in 98' for less than 100k. Today it's letting out for 950 & has a market value of 280k. Has never been vacant til today.
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a very good investment rclxms.gif
WWJD
post Oct 25 2010, 08:33 AM

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QUOTE(Daryl Teo @ Oct 25 2010, 01:38 AM)
Have to disagree. I bought Bandar Baru Ampang dsl 18x65 back in 98' for less than 100k. Today it's letting out for 950 & has a market value of 280k. Has never been vacant til today.
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My opinion differs from you.

I bought my Putra Perdana apartment for RM77K in 1998. The property was completed in 2001. Now the price of the apartment is about RM60K. I lost RM17K there. If i were to let it out, it is only RM200 a mth. sad.gif
epie
post Oct 25 2010, 09:55 AM

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i wonder y u guys bought at putra perdana at the 1st place
for me it is quite far away from amenities and any township
airline
post Oct 25 2010, 10:12 AM

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i think bandar baru ampang by talam also? i maybe wrong.
engrfeez
post Oct 25 2010, 11:49 AM

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Paramount Condo.. Project approved by BN now stuck no CF with PKR...
teoanne
post Oct 25 2010, 11:56 AM

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actually i am curious. why is the CF stuck?

QUOTE(engrfeez @ Oct 25 2010, 11:49 AM)
Paramount Condo.. Project approved by BN now stuck no CF with PKR...
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airline
post Oct 25 2010, 12:07 PM

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http://paramountview.blogspot.com/
Daryl Teo
post Oct 25 2010, 12:47 PM

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QUOTE(airline @ Oct 25 2010, 10:12 AM)
i think bandar baru ampang by talam also? i maybe wrong.
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Yes by Talam. I think it's the only Talam project which has made decent caps & yields for its purchasers.
WWJD
post Oct 25 2010, 01:04 PM

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QUOTE(epie @ Oct 25 2010, 09:55 AM)
i wonder y u guys bought at putra perdana at the 1st place
for me it is quite far away from amenities and any township
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during the launch, they said that the place will appreciate because of Cyberjaya and Putrajaya. i queued up to buy the house (queued up to rugi in the end). In the end, Putra Perdana did not appreciate as it should be. in fact, in 2002 and 2003 the place is flooded whenever there are heavy downpours. now it is better but mid this year, it flooded again but not so bad as it was previously.

Putrajaya and Cyberjaya is more well develop than Putra Perdana. That's also why people choose not to stay there... made worst that the place is not upmarket.
cngi
post Oct 25 2010, 04:24 PM

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QUOTE(WWJD @ Oct 25 2010, 08:33 AM)
My opinion differs from you.

I bought my Putra Perdana apartment for RM77K in 1998. The property was completed in 2001. Now the price of the apartment is about RM60K. I lost RM17K there. If i were to let it out, it is only RM200 a mth.  sad.gif
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Now Puchong area is hot now...expecially near bandar puteri...recently new property K boulevard is hot cake there...price is speculated up to 300+ per square feet later..

WWJD
post Oct 25 2010, 04:51 PM

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QUOTE(cngi @ Oct 25 2010, 04:24 PM)
Now Puchong area is hot now...expecially near bandar puteri...recently new property K boulevard is hot cake there...price is speculated up to 300+ per square feet later..
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those houses in bandar puteri definitely appreciates because of the good ammenities such as Tesco, Giant, IOI and there is also a private hospital there. actually it also depends on the community that stays there example houses like in Puchong Hartamas is also expensive.

I think those houses in Puchong that is under MPSJ areas are appreciating faster than those under Sepang councils... just my thought...
0106127
post Oct 25 2010, 08:39 PM

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QUOTE(WWJD @ Oct 25 2010, 01:04 PM)
during the launch, they said that the place will appreciate because of Cyberjaya and Putrajaya. i queued up to buy the house (queued up to rugi in the end). In the end, Putra Perdana did not appreciate as it should be. in fact, in 2002 and 2003 the place is flooded whenever there are heavy downpours. now it is better but mid this year, it flooded again but not so bad as it was previously.

Putrajaya and Cyberjaya is more well develop than Putra Perdana. That's also why people choose not to stay there... made worst that the place is not upmarket.
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thats y, i always tell prospective house buyers, dont just listen to SA and their marketing campaign.
investing in property is not sure profit for buyers.

many got burnt and just kept quiet. while those that profit make plenty of noise.

epie
post Oct 26 2010, 11:14 AM

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listening to the SA is like listening to the speaking parrot smile.gif

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