We must be careful with Bukit Jalil area. Seems like many new condo's will be on the market soon and we dont know subsale demand yet. Many of those buying are for investment not on stay and that makes it more risky. Right now everybody is talkin about developers price. Nobody really knows for sure what banks will valuate subsale. This is key. If banks dont have confidence, then loan margins will be lower and when loans are lower, this will be a huge put off for potential investors. Banks now are getting more n more cautious. There are already articles online talking about Bukit Jalil condos being overpriced in reference to Treez, KM1 East, Twin Arkz, etc.
I also just found out that for Regalia Condo off Jln Sultan Ismail, banks are now starting to valuate about 90-100K lower than advertised pricing compared to a few months ago where buyers could get much higher. Im also seeing this trend in other developments also. I think the banks know something which we dont. When banks valuations start dropping, we have to be cautious. Thats why for Bukit Jalil areas, its important that you invest in units that are well below the benchmark pricing for that area. KR1 subsale prices will be a yardstick for Bukit Jalil when owners start to flip.
Investment THE RAINZ @ BUKIT JALIL [OWNERS' THREAD], Booming LRT hotspot and The Z Residence
Jul 1 2013, 08:35 AM
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