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 You City in Cheras 9th mile by PJDevelopment, Good for investment?

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jastan
post Jun 29 2012, 12:02 PM

On my way
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Senior Member
510 posts

Joined: Jun 2012


QUOTE(seongmeng @ Jun 29 2012, 11:10 AM)
launched already...i heard...
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Are you sure. I don't think so. They recently finished building the gallery at the site. I have check with their SA during KLCC property fair recently and I asked about this project and she told me need to wait at least few more months. I think they are not hurry to launch it yet and they are concentrating in You One project.
jastan
post Jan 21 2013, 05:36 PM

On my way
****
Senior Member
510 posts

Joined: Jun 2012


QUOTE(seongmeng @ Jan 21 2013, 04:14 PM)
just received call from UOB Banker, they said the even this is DIBS, i have to pay the progressive interest as usual, and then only claim from development afterward, is it true like this 1??
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Yes, you are right. Actually DIBS is invented by the developer to increase their sales and more easy to sell. Actually, the buyer is paying for the DIBS. Is just that that package it and sell higher to the buyer.

Actually , buyer has to pay upfront downpayment 10% of the buying price. The developers find a creative way to undercut bank loopholes.
jastan
post Jun 12 2013, 03:35 PM

On my way
****
Senior Member
510 posts

Joined: Jun 2012


QUOTE(wong3 @ Jun 12 2013, 02:21 PM)
I'm quite keen to buy one unit. But rather worried that it might be slight overpriced. I need opinions? Pls advise as im new in investing property.
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If you plan for own stay although overprice or you have the holding power to pay the installment , you need not worry. In the long term, the price will definitely go up. History data has proven.

 

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