QUOTE(kevin23 @ Oct 27 2011, 09:29 AM)
Mk area already drop so much. Plenty of condos in mk going cheap now. Just watch, when ppl thought it was the best time to buy gold at 190, now plunge to duno how much rm160 now.
If you do read the edge, property sales hv been poor the last 2 quarters. The reason? Ppl holding back. Thats the catalyst for next year. Just you watch.
Thats new property sales la. Existing units in prime areas are selling like hot cakes. Even Bellworth luxury condos in TTDI already sold out. Now only 2nd hand units available from investors.
Check out Kiara Park, TTDI. 18 yr old condo but prices still going up like crazy. In 2009, low rise ground floor unit (unfurnished) sold for RM470K. Now similar unit sold for RM830K (15 Sept). I bought a 2nd floor lowrise unit for Rm625K in June. 2 weeks ago someone offered to buy at RM720K. Its crazy actually!
Gold prices fluctuate. Differences of RM 20-30 is considered 'normal' for gold. Thats why gold is a long term investment not short term. Current gold price is RM 176.65. I bought at RM130 in May 2010 so still a good profit margin. There's alot of potential for higher gold prices.
This post has been edited by cybermaster98: Oct 27 2011, 03:04 PM