A lot of questions left unanswered:-

i. Is this pre GE gimmick?

ii. Is this like low/mid cost housing scheme, built by gomen (SPNB or wat) like Sg HDB? Don't tell us hangat hangat tahi ayam only one time thingy

iii. 220k-300k? Where is the location? If locate in Rawang, Bukit Beruntung, Semenyih, Sepang, certainly not cheap.

iv. Does it incl. carpark? Extra cost for rental? Dont tell rakyat to park at road side kena saman harass day and nite.

v. Does it involve GLCs/private developers? Are they doing charity? Dont say contra land scratching each other back project as GE coming to town thingy

vi. How many units per block? Anything above 400 units served by lifts that cost above $250 psf is a con job.

vii. Income below $6000? Then husband get one, wifi get one, one family gets 2, cronies ali baba gets more cause their sons/daughters babies get one each, certainly many loop holes.

ix. Back to item iii. Where is the location? Dont say formal dumping site like da one near Subang. Ignorant uncles aunties sapu all. Now desperate to dispose off. Heard toyo cronies. Lagi cialat liau.

x. Blah blah pls fill in the blanks ...

like airasia?? come with empty house.. add tiles + RM10k, add toilet bowl + RM500, add basin + RM200.... ?



location dunno will be the one announced the other day near the old sg besi airport?? it that is, then the location is good.

sure it is - 100% loan for rm300psf right after millions spent in speech to young to "defend putrajaya".
unless location is good-good, 300psf isn't cheap, is it?
secondary objective may be to keep construction going - a major plank now to keep gdp going.

This post has been edited by AVFAN: Jun 29 2011, 09:30 PM

RM300psf is not cheap at all

I remember PM announce last week the location will be in Sungai Besi, the current TUDM airbase

Sungai Besi, the current TUDM airbase is freehold or leasehold land?

I bought apartment in puchong 2 years back for own stay. I bought it from developer. so i stay in my new house for 1 year. The price of house goes up
around 50% in 2 years time. Do i need to rush to get landed property as the price in klang vally is goes up like nobody business.

Opt 1 - sell this house to buy landed property for 450k. [Not enough down payment] -

Opt2 - use saving money to invest other medium apartment such for
less than 200k for rental. Wait patiently another few years to
buy landed property

** i kind a like my apartment.

If this is same like HDB, must be with T&C cannot rent out unless with approval etc etc...

Everyone BBB, Market up up up sharply,
once Crisis, then drop drop drop drastically.
people jump jump jump from their apartment.

i hope the red quoted doesn't come true.. i dun wanna see that..

Just come back from Singapore and believe that there will be no significant drop in property price in MY. We have lots of highly paid malaysians there to support current price. Cheers.

how many highly paid msian in oversea (eg sg, sh, anz, ME etc)? some reported 1mil.
if every of htem buy ave prop, so 1mil x 3 = 3mil

what is total house in msia? 6mil?

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Added on June 30, 2011, 9:36 amsorry, average 3 prop per oversea msian

existing stock = 4.5mil , new supply /completion= 1.5mil, total 6mil???

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Added on June 30, 2011, 9:40 amso if ave every year 3mil , then 20 years = 60mil units
oversea msian oni 5%.. but maybe they supported hi end prop then

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Added on June 30, 2011, 9:43 amif really total units is 60mil, then every msian owned 2 units.

This post has been edited by lucerne: Jun 30 2011, 09:43 AM

Sorry, I have been checking the classified and iproperty to buy a landed property for my own stay - not for flipping. I notce that the price of the same proeprty that could be on the market for a couple of months, increase by at least 50k - 100k when marketed by a different agent. Now this is the same property. So if the property is marketed by two or three different agents at different stages in time, the agents just put up the price. How can you say then it is because of rising cost of building materials etc? The properties are either old properties (basic) or certainly were not in the process of being renovated when they were put up for sale. So I find the agents play a very significant role in jacking up the prices far beyong the actual market value of the property. Granted, they want to earn higher commission etc, etc - who does not want more $$$ but shouldn't there be some responsibility? How easy for them to raise the prices, and to raise the vendors' impression that the property is worth that much. It's fine when the proeprty is worth its value but more often than not, it is not. It is a very dangereous situation but sad to say nobody sees it or wants to believe it till it is too late. Everyone just adds fuel to the raging fire till it gets out of control. Just my observation.

Are you saying that you expect all overseas Malaysians to buy 3 properties a year for the next 20 years?

This post has been edited by prody: Jun 30 2011, 11:12 AM

this is misleading .. yes a lot of them is there .. but i have 3 friends there and all have opted to stay and applied for the flats .. and at the price there .. can't really buy a lof of properties back in KL ...
and yes ... both needs to be pr and married

if nearby new launch RM600psf and instant sold out, adjacent RM350psf older condo will shoot to atleast RM500psf.
new launch block B increase to RM650psf. the older condo will follow to atleast RM550psf.

not really agent's fault. if the demand is not there, no matter how high they priced it, there will be no takers.

Its part and parcel of what I term, a property hunt scare.

Prices are increasingly rapidly, if you don't mortgage your life, you will miss your boat. This has been the same fear/ tag line for years. It is the good times!

BUT, this is the same line I heard from the US and the UK in the early 2000s onwards. Properties are the safest securest investment, it is always on the upward trend - reason: everyone needs a home. Yet in the recent 3 years, properties in both countries (prime mature areas apart) are either stagnant or still on the fall. I believe I read an article that US' prices are now in the 2003s.

Live modestly and do not over leverage. For most, debt has become a way of life - worryingly so.

Other than one mortgage to service, am debt free!

Yup ....as long as do not over borrowing will do. It's very important to know your limits.

Technically, property prices in the Klang Valley shouldn't drop much ...in most areas. Places like Mont Kiara are a little bit risky.

P/S: I can't imagine how jammed Sungei Besi is going to be, once that area is fully developed.

Technically, property prices shouldn't be increasingly sharply:

a. Income has NOT increased rapidly - for the average Joe;

b. The cost of "leveraging" has (temporarily);

c. Unlike cosmopolitan cities like NY, Singapore, London, Shanghai, Beijing, Tokyo etc, KV/ Malaysia isn't experiencing a HUGE internal/ external migration towards to the cities/ KV - so where is the demand (to flip to, or to rent)?

d. Has the cost of materials really increased? FACT: most developers are announcing record/ healthy profits.

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