bank's valuation, i.e. the valuer will determine demand & supply of the property. in this case, if all owners agree to a common price of rm460 per sq ft, then make sthe work easier for the valuer to submit official valuation to the bank.

of course, there'll be people who sell +/- 10%. that's not significant as long as average selling price is rm460 per sq ft.

i know it's tough & it's a joke of the town but if zest owners can pull this through in unity, then that will be the market force unless you tell me no one is interested at all to buy the zest - then it's a diff story altogether.

zest owners, rise up. we're getting alot of resistance from outsiders!!!

outsiders/non-owners, please support us so that the zest can be a refence point to do the same for your own condo instead of blah, blah, blah running down the zest.

well guys, just wonder if any of you have close a deal that is surpassing RM400/sqft?

Those who want to sell below than RM460/sf just go ahead and sell secretly lor.....
Those who dun own an unit like me also can do some short selling wat...
Short sell 460, 480, 500 etc, buy back later at 430 may be ??

Who want to rent a condo at 2000 plus per month... For locals, I dun think they can fork up this price for rental. At this rental price, the group will be foreigner. So, I think many investors will be renting it out to pak hitam. Ask ourselves, do locals afford to rent it??

Damansara, can tell ur a seasoned investor frm yr detailed commentary.

I agree that rental 2k-2.4k is reasonable, maybe we should add in 'very' reasonable    I happened to surf ard & jus found out that sierra residency partially furnished is 1.5k (1.65psf).
-> rm1.65psf x 1,100sf = 1.8k for tz.

Considering better access (sierra horribly jammed by school at entrance) + facilities, psf ought b higher for partially furnished. To cyber thro serdang is also jam-free & toll-free. Coupled with tpm which is even nearer, the outlook is bright.

rm2,400 rental/6% returns = rm480,000 capital value.

The rental is beginning to look a bit low .. Gonna incur the wrath of outsiders 

I believe in majority are there for own stay. The minority are for investment. Minus the cash tight, I actually foresee that those who trying to hold on to the RM460psf are even smaller minority. Again, the principle is simple, someone offers me a reasonable price to sell now, I'll sell it. To wait for someone who will buy from you for RM460psf later, is very risky to investor. Cash is always king. With property bubbling, investors will definitely go the safe path if the offer is right.
This is true like 5-10 yrs back. Looking at the rapid development in Cyberjaya, this is not going to be the case in the next 3-5 yrs.

have received call/sms from a real estate agents (Mandy & CY) today offering buyers at 460k - 480k.

believe can still push another 20k - 30k & settle for rm510k?

yes, i support rm460 per sq ft!

yestreday star saw a real estate agnet by the name of kelvin advertising for rm480k for the small unit.

looks like in the next few days/weeks, thel zest will be in the limelight.

rm460 per sq ft looks very real now.

This thread is nothing but a long list of all asking prices .. worst still with the addition of supporting list .. if anyone who wants to find information on this thread, i am sure they will be irritated by all these listings ..
Great !! let's dream to have 460psf with the global economic worries into recession ..

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Added on September 23, 2011, 9:35 pmdont worry dmansara..without this idiot life wont b as what its suppose to b.. rare species with full of hatred n just cant live seing other people r better n happy

we need to get more real estate agents to be on the same page & wave length with the owners.

we invite real estate agents who subcribe to rm510k-rm580k range (circa >rm460 psf) to list here.

we need a concerted effort here to truly reflect the true value of the zest.

COOL man, then we should let all our unit for the agent below to let go our unit, I will call them once get the VP:

  Real Estate Negotiators who support RM510k - RM560k range:
1) Ooi (017-266 8181)
2) Dennis Teo (019-234 1719)

Just out of curiosity, has this strategy you are trying now ever worked for your other vested properties?

Good News. Most Sought-After Service Apartments in Prime Puchong/Kinrara Location below RM560k only!

The Zest: Units for Sale @ 26 Sept 2011:

1) Block C 7th Floor KLCC View - RM410k (techno)
2) Block B 16th Floor Golf Course View - RM420k (siaww)
3) Block B (8) 18th Floor (Good Feng Shui Floor 818) Golf Course View - RM580k (Covillea)
4) Block C 9th Floor KLCC View - RM430k (leong4san)
5) 16th Floor KLCC View (Type C) - RM485K (livelifefull) - valid for 2 months (till 3 Oct 2011) only
6) Block C 12th Floor (1,191 sf) KL View Face East Type-B - RM450k (keithcky)
7) Block C 20th Floor Sunway PJ/Swimming Pool View with free 2 unit A/C - RM460k (jen_jen)
8) Block B 3A Floor Swimming Pool View - RM500k (cheraspeople)
9) Block C 17th Floor (1,191 sf) KLCC View - RM400k (batilcl)
10) Block C 5th Floor KLCC View - RM550k (ukuan)
11) Block A 2nd Floor Golf Course View - RM440k (Koiman)
12) Block A 10th Floor (TCH Ent)
13) 5th Floor, KLCC View - RM450k (chrisleews)
14) Block B 6th Floor, No 11.; 1191 sqft.; 2 car park bays - RM400k (papadon: 012-370 0474)
15) Tower B 18th Floor Unit #12 Type A (ZB-18-12); 1,205 sq ft Corner Unit, Golf Course View; comes with 2 Covered Parking Bays - RM550k (Mr Wong). Please contact exclusive Real Estate Negotiator for this unit: Mr Dennis Teo of Tech Properties (H/P: 012-226 8568). http://www.iproperty.com.my/property/listi...spx?pid=1148872
16) Block B 13A Floor KLCC View - RM480k (duralex_katvia)
17) Block B 12th Floor, Pool & City View, Corner unit 1,205 sf, 2 side-by-side covered parking & Free 2 a/conds - RM525k (Huzz)
18) Block C 17th Floor,  - RM460K (damansara)

Note:
Type A - 1,205 sq ft (RM554.3k)
Type B - 1,191 sq ft (RM547.9k)
Type C - 1,119 sq ft (RM514.7k)

Type D - 1,110 sq ft (RM510.6k)

Standard Bank Valuation for The Zest currently is RM460 per sq ft.

Genuine Purchasers only can pm direct to above.

Owners support RM460 per sq ft:
1) Covillea
2) ukuan
3) UFO-ET (non-owner but Zest supporter)
4) kochin (non-owner but Zest supporter)
5) Mikken
6) naleh33
7) Pai
8) mrPOTATO (targeting RM550 per sq ft)
9) damansara
10) livelifefull
11) mun 911
12) Huzz
13) Koiman
14) keithcky
15) doomdoom (targeting RM700 psf in 5 year's time)

Real Estate Negotiators who support RM510k - RM560k range:
1) Ooi (017-266 8181)
2) Dennis Teo (019-234 1719)

Note: Owners, Real Estate Agents, Property Valuers & Banks are working towards the standard RM460 psf for The Zest.

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Added on September 26, 2011, 5:57 pmDevelopers expect higher property prices

Aidila Razak • Sep 26, 11 12:09PM

About half of Malaysian property developers nationwide surveyed in July expect to raise prices at the back of a spike in cost of building materials.

According to the Real Estate and Housing Developers' Association Malaysia (Rehda), about half of those surveyed plan to raise prices by 15 percent at launches this year.

On top of that, a whopping 65 percent of the 147 respondents expect general prices to rise up to 20 percent in the second half of 2011.

Presenting the survey results in Petaling Jaya today, Kuala Lumpur Rehda chief NK Tong (right) said much of the price rise is led by massive spikes in construction costs.

Leading this price hike is the cost of steel reinforcement which has gone up by 13 percent to RM2,589 per tonne compared to 2010, cement up 4 percent from RM15.64 per bag in 2010 and brick and partition, up 27 percent to 42 sen compared to 2010.
"This is experienced by 84 percent of the respondents," Tong said.

He noted that in Penang and the Klang Valley, land costs have also raised prices, with land going for as high as RM2,000 per square feet in Kuala Lumpur.

Rehda president Michael Yam added that labour costs are expected to also grow, particularly after the 6P amnesty programme.

"Much of the illegal workers which are to be made legal, work on construction sites.
"Will their wages be higher once they are legal?" Yam asked.

Beyond this, Rehda also expects the costs of compliance to rise, including waterworks for which fees are expected to go up as these are standardised nationwide.

"This does not bode very well for property developers...it places them in a difficult situation trying to contain costs to select a marketable price, and at the same time juggle the plethora of costs related to building materials, compliance and numerous contributions, among other," Yam said.

Levy, fine 'adding insult to injury'
Other factors contributing to a rise in prices include increased quotas for bumiputera lots.

Yam (right) said without automatic release schemes, developers are forced to hang on to unsold bumiputera units.

He said that to release these units so they can be sold to non-bumiputera buyers, developers have to pay a levy matching the bumiputera discount plus a fine.

"This is like adding insult to injury," he said lamenting that despite this, developers are still treated like as the "greedy bad guys".

He added that bumiputera lots are also hard to sell as "even bumiputera buyers don't want to buy these lots as it restricts them from re-selling to non-bumiputera".