wait until which mrt finish?? mrt3 minimum 10yrs frm now..will start after mrt2...

10yrs u hold 1m prop u lose 150k if no tenant

1 million 5% interest per annum is 50k. 10 years 500k lost liao leh...

Wow! 10 years cannot even get 2-3% rental yield and 10 years Property price worth RM1 mil cannot even appreciate in price, sure or not? Even burial ground like Nirwana also will appreciate. In the recent Property Guru event, property price is forecasted to be level or 3-4% down in 2016 and set to move up again in 2017 onwards. This is the usual property 7-8 years cycle. If one has the holding power, buying MCity now at RM700-800psf in long run, I think cannot go wrong, say 5 years. Again concept wise, MCity is actually not bad if developer can deliver all the promises and that the tenant mix is good. I think next 2 years, rental is go to be depressed. And no different from most of the properties in Malaysia. I think Iskandar Johor is even worse. Really hope that bad times are over soon.

It is impossible for January VP.

If you take a peep from side view, the 7 thematic gardens are nowhere ready with scaffolding few storeys high. I think TMS underestimate the complexity of the hanging gardens.

Personally i think MCity will be the alpha condo in this location. The biggest problem is... there are few upcoming in the same vicinity which will flood the supply which i think easily 3-4k units. Furthermore all these are quite similar price point and psf.

Even before completion of these developments, The Element seems struggling to fill up despite having almost 2 years head start compared to the rest.

Basically at the moment the market needs to absorb the supply before any significant capital gain.

+1

ka ka..naysayer spotted again and again...10 years no yield no cap - adui, am no fan of this development but to say that its totally nonsensical..

as with any development we really have to wait for its completion before we make a final conclusion - no one and I mean no one can really say for sure its
a total failure or not so let us just wait and see ..

yes I do agree for the next 2 years even 3 could be challenging and for some more challenging than others..

I think The Elements is just super unfortunate to have two ongoing contructions so near to it, The Arte @ Ampang right beside and M City very nearby....the dust and noise would probably deter people from it. Hope the situation is better for The Elements when these two projects are completed.

Hahaha,.sure one...

Flippers always panic one...haha

This post has been edited by karl_razlie: Dec 20 2015, 11:33 PM

don't worry. Your wish will come true soon

Look forward to Santa Claus knocking on my door. Hope he come real soon.

My biggest fear is with oil price continues to go south, government is looking at revising their budget. Looking for sources to increase revenue. Will they target real estate sector like increase stamp duties or RPGT? It will be a real killer which I pray it will not happen......but government is desperate. Anything can happen... Including increasing GST to 10%, increase income tax, storm is approaching...

if interested in this property.
feel free to contact me for more information.

thanks..

Y u worry since u r Buyer?

If stamp duty and RPGT goes up, it will make the whole market become less attractive. Doesn't matter if you buy for own stay or what, it is going to be a real pain knowing that you are paying higher than if you rent.

I don't own any unit here, but somehow I do hope it will become a success, because if it doesn't, others properties around that area will become worst, and it will roll on like snowball the further it is from the city.

I am into property investment lah my friend! The purpose of buying is to sell in future lah. If the above happen, property market will be further dampened. Recovery will be even longer and tougher. Let's pray it does not happen.

For this M City if u can hold 4 to 6 years than ok. If not bye bye hi hi....hehe

Can elaborate more why 4 to 6 years?

How does holding it 4 to 6 years would be ok?

You need to beat the fixed deposit rate (near zero risk)

Simple comparison : 1.1M property 1M loan@4.5% 100k Deposit
Monthly installment = 5,066k Monthly maintenance = @.35c (say 1000sqft) = 350
5 year cost = 303,960(5066*12*5) + 21,000(350*5*12) + 100,000(deposit) = 424,960
loan outstanding = 911,579

If you sell at 1,336,539 (424,960+911579) , congratz, you get your money back
*of coz not this simple, since you need to pay stamp duty+lawyer fees+agent commission+what nots

*above is stupid simple calculations, please add/minus any rental income/misc fees

so the big question, can you get 1,336,539 after 5 years? wish i got a crystal ball

for comparison, near zero risk investment (put money in fixed deposit @3% )
1st lump sump 100k, subsequent monthly topup 5066

after 5 years, you get 443,901 (earn 43k)

Warren Buffett - "When forced to choose, I will not trade even a night's sleep for the chance of extra profits"
- but some people don't like to sleep at night