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Investment G Residence / Gembira Residen Condominium, New Properties for sale

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abcsoup
post Jan 22 2013, 11:30 AM

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seriously saying G residence is overpriced as the bank unable to approve for the loan.
imagine that you yourself have to fork up at least 20% of the total purchasing price, which is roughly RM150k..

with this RM150k CASH in hand, you are able to purchase other development which is still under construction and where Developer provides DIBS and all sorts of discount.

by the way, the market for this is quite bad for this year,
msot of the owners do not have much holding power as they just bought it due to all kind of promotions provided by the developer that time and bank loan approval is not strict 3 years back.

wait for a while until the owners get those keys,
and we can see who are speculators and who are the real investors

same scenario happens for YTL midfield,
before they take the key, agents keep telling those potential buyer the price are firm,non negotiable and price will keep increasing bla bla bla..

but now, those offered prices are slumped once they take the key as monthly installments and maintenance fee are true killers for those speculators.
abcsoup
post Jan 22 2013, 01:42 PM

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QUOTE(terrywoo @ Jan 22 2013, 12:01 PM)
Bro. U are comparing DIBS with all newly completed development. Not just G Residence. doh.gif

Any development with DIBS for sure only need to fork out very little money as this is the attraction promo by developer.
I myself don't think GR is overprice but it consider Cheap compare to nearby Lease hold condo like Dynasty Garden is asking 480k for 1120sqft.
http://www.iproperty.com.my/propertylistin...ominium_ForSale

And Le Yuan & Seringin are far expensive than G Residence also.
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ya,unless you really like that place or you are in a hurry to find a place to deliver baby,
else i dont think ppl will be willing to pay such amount for a so called ' not overpriced' condo.


Rm150k for some one maybe is not a big deal but not everyone.

you can even say that is not over priced with offerd price of Rm 1M ,but the market will tell the everything.
you got the money, you can hold until you find a purchaser who are willing to pay and think that is not overprice,
most importantly, he got a cash of RM150k in hand cool2.gif

 

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