Investment M CITY, JALAN AMPANG [OWNERS' THREAD], Mah Sing presents its most iconic
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 Dec 18 2015, 12:30 PM
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#1
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Junior Member
25 posts Joined: Dec 2005 From: cogan terrace cardiff  
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So guys...for this M City..buy or dont buy?? property market would be slow down starting from now until 2018...and pickup again end of 2018 onward...not sure is it good to buy now. esp this upmarket condos, any comment??
This post has been edited by karl_razlie: Dec 18 2015, 12:31 PM |
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Dec 18 2015, 02:20 PM
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#2
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Junior Member
25 posts Joined: Dec 2005 From: cogan terrace cardiff
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Recently got so many rebate and goodies everywhere...maybe until nxt 2 years. price still the same for new properties. I think M City is good..but only certain area need to study. ie: Over Supply area, low rental rate from others, Oil & Gas Industries down, weak ringgit and world economy worsen. For flippers this is nightmare to them unless they got holding power lor. but until when mau hold....so now many investor just watch and wait. dunno izzit a good strategy.....or buy when market was weak....hehe
This post has been edited by karl_razlie: Dec 18 2015, 02:21 PM |
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Dec 18 2015, 04:54 PM
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#3
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Junior Member
25 posts Joined: Dec 2005 From: cogan terrace cardiff
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Sure not look much better....my frens called this building Gotham City bcoz of black colour or gloomy theme. later can put Batman spotlight on top...haha
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Dec 19 2015, 11:39 PM
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#4
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Junior Member
25 posts Joined: Dec 2005 From: cogan terrace cardiff
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QUOTE(ikanair @ Dec 19 2015, 05:04 PM) FIRE SALES Coming im not panic...hehe..will wait until mrt finish. Holding power?  Panic Early  If you are going to sell be the first. In short, panic before anyone else does.  |
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Dec 19 2015, 11:43 PM
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#5
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Junior Member
25 posts Joined: Dec 2005 From: cogan terrace cardiff
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its normal if popular area nowdays mostly high dense. unless buy at kenny hill area or kg tunku...but price not cheapo la...sure cost arm n leg d. or out of klang valley..
This post has been edited by karl_razlie: Dec 19 2015, 11:47 PM |
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Dec 20 2015, 11:31 PM
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#6
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Junior Member
25 posts Joined: Dec 2005 From: cogan terrace cardiff
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QUOTE(Tigerr @ Dec 20 2015, 10:54 AM) If one day u become panic. U pm me ya.... Hahaha,.sure one... |
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Dec 20 2015, 11:33 PM
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#7
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Junior Member
25 posts Joined: Dec 2005 From: cogan terrace cardiff
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QUOTE(Princezz @ Dec 19 2015, 11:50 PM) Anybody panic want to sell below RM700psf for duplex facing lagoon, pls pm me ya. Hope to see Santa Claus. People panic sell, I panic buy. Flippers always panic one...haha This post has been edited by karl_razlie: Dec 20 2015, 11:33 PM |
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Dec 21 2015, 03:02 PM
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#8
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Junior Member
25 posts Joined: Dec 2005 From: cogan terrace cardiff
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For this M City if u can hold 4 to 6 years than ok. If not bye bye hi hi....hehe
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Dec 21 2015, 11:16 PM
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#9
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Junior Member
25 posts Joined: Dec 2005 From: cogan terrace cardiff
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if not that long how long should u hold? more than 10 years...or flip after 2-3years with this kind of economy situation. tell me how..i dunno..coz i'm newbie. or better just dump my money at bskl?
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Dec 21 2015, 11:40 PM
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#10
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Junior Member
25 posts Joined: Dec 2005 From: cogan terrace cardiff
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QUOTE(ikanair @ Dec 21 2015, 05:16 PM) How does holding it 4 to 6 years would be ok? Thanks for the info...hehe 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 |
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Jan 27 2016, 02:06 PM
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#11
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Junior Member
25 posts Joined: Dec 2005 From: cogan terrace cardiff
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QUOTE(ace77 @ Jan 21 2016, 12:04 PM) If all others properties need to hold 4-6 years , all died lioa. so what do ya think? i'm new in this property investment...with this kind of economic situation. how long need to hold or just sell it when VP or within 2-3years. xplain pz i'm noobs.What a statement |
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Feb 16 2016, 05:45 PM
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#12
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Junior Member
25 posts Joined: Dec 2005 From: cogan terrace cardiff
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MRT2 Line confirmed aready, project start June 2016...
"Supplementary information regarding the KL MRT Line 2, known as the Sungai Buloh-Serdang-Putrajaya (SSP) line, have surfaced, including an overview plan of the entire line along with the total number of stations that, as of now, remain unnamed. Construction of the line is due to begin in June 2016, with a targeted operational date of currently earmarked for the fourth quarter of 2022. Interested members of the public can view additional details on the line at the offices of the Land Public Transport Commission (SPAD) and MRT Corp as well as the Kuala Lumpur City Hall (DBKL), Selayang Municipal Council (MPS) and Petaling Jaya City Council (MBPJ)." source from paultan This post has been edited by karl_razlie: Feb 16 2016, 05:48 PM |
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Feb 24 2016, 12:01 PM
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#13
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Junior Member
25 posts Joined: Dec 2005 From: cogan terrace cardiff
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So ok or not ok for this M City?? if built quality ok...i think it's ok for long term investment. But if quality worst for own stay also not worth it.
Usually people who desperate to sell their property can be clustered into these two types:- Person A: Those who bought dud properties and just want to unload them. Person B: Those who have ‘problems’ which can be solved by selling their property. This post has been edited by karl_razlie: Feb 24 2016, 12:32 PM |
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