QUOTE(1investor @ Jun 4 2011, 11:05 PM)
Since sp setia success package of 5% downpayment 95% loan, free construction interest, many developers copied the idea with similar successes. Damen is no exception, we felled for easy entry, dreaming of good return for the 5% investment in 3 years later. If a unit at 700 sf x rm700 psf, total rm490,000. Upfront only rm24,500. No further money till completion. Assuming traditional statistics of appreciation of average of 30% after certificate of fitness, projected value of rm637,000 or projected gain of rm147,000 from 1st purchased price of rm490,000. At rm24,500 investment with projected capital return of rm147,000, who would not jump in as bandwagon. This is what happening around kl on investment and return. Everyone join in on feel good factors. On a realistic front, the selling price is sky high. On a serious note, do all of you anticipate the damen apt appreciate further after completion? Do we have better options than damen?
Better option , you can choose MV Eco city , Glomac Damansara, KL Sky Residences, Empire City .....
Jun 4 2011, 11:15 PM

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