maybe he wud like to offer to LYN member? i dun mind to buy from him at small discounts from current market price (since he bot few years ago) if he foresee price will drop soon.

i think now is the best time to buy klcc condo. Price hv been flat for the past few years. outside klcc is booming, soon will turn to klcc. that is why many foreigner r aiming at klcc now.

if more klcc office r going to occupy by MNCs (which is happening now) , the condo price will up soon.

i dun think klcc will drop, future blue line mrt, circle mrt line will boost the value. it will become a place for work and play in future, like any other city centre in the world. today many offices are located outside klcc (mainly SME) but i think future it will change (due to MNC and SME will follow suit), and gov also want kg bharu to flourish. sure they wish klcc good. can create many rich malays in one shot. KLIFD, Pudu jail redevelopment, sg besi airport , warisan merdeka also mean for this. this is all UMNO baby projects.

PR will take over the projects and asking $ from diff developers.. oni go to different pocket oni mah..that is why they fight so hard. u think they care abt u ar?

projects must go on, coz many can make big $$. easy oni mah, just asking $.
the choiced developers will support BN, the stand by will support PR...
those half way will die lor. maybe B will take over the plan entirely from A without paying a cent. eg drawing, ground work, staffs, equipments etc
or they join hand together /redistribution after nego on $$. will the cost escalated due to this extra $?? who know?

klcc condo prices is also much depend on view, furnishing, plan, layout. it is difficult to compare apple to apple.
eg some condo can view klcc, no blocking view etc
some floor with private lobby, lift while some share with many units etc
so it is difficult to say 1000psf or 1500psf.
i also come across some klcc condo has different furnishing, stones etc..to attract different buyers.

based on my experience, klcc condo still up for the last few months (if compare the same view, spec etc) - just different floor.

except some old condo where the view blocked by new developements eg Orion where the price has dropped slightly but still higher than its original launch price. blocked by setia sky.

Yes the newcomers (be the outstation or foreigners) will still flock to klcc for work. this newcomer may not like the heavy traffic (if they live outside klcc), or they have no car and need to live near to workplace, or they not familiar with KL and prefer to live within klcc. (especially foreigner)

when i was living in Shanghai, i chose to live in the city centre (even the rental is much higher than outskirt, 2-3x). coz i am not familiar with outskirt shanghai. travelling by taxi also easier and cheaper.
my colleagues (from other province ) also prefer to buy home not too far from shanghai city centre (where the offices are located). most of them take mrt + short distance taxi to work. very few buy home far from mrt , i mean short distance by taxi or city bus to mrt station. home near to mrt is very much higher price. many still prefer to buy a little further away from mrt.

i still think that future jobs opportunities will be concentrate in city centre area. look at big cities like Tokyo, Shanghai, Beijing, Guangzhou, Taipei, Bangkok, Jakarta etc.
there are so many new coming office in KL Sentral, klcc and nearby. many MNC, big local co, GLC will eventually fill these offices. we dont see much office building in outskirt kl. new comers , foreigners, MNC employee still prefer to live near office. driving to work will be expensive, eg traffic jam, oil, car park, car maintenance, time etc.

did u follow cn low cost house development? r they really building?? haha..
they r still arguing/struggling la,, land cost from state gov, selling price etc.. no one wan to compromise, so very few r built..

not true, the avare unit belong to a msian, tan swee kuan. this unit has been auction for the 3rd times. i was there during auction and final auctioned at 2.78mil. (732psf). no bidder or lower price cud be due to the bad unit # (13A ), generally msian dun like to invest in big unit (all avare bu is 3800sf), coz difficult to rent out.

there ia another unit (unit # 11) was auctioned at 3.3mil. (868psf)

some klcc condo sold at higher price to foreigners (in the case of my klcc condo) and msian got discounts. so avare ori price maybe lower (not 861psf) for msian.

also few auctioned at lower price dosent mean kl prop has crashed.
i follow auction prop very closely, as far as i know , still BBB and many cash. (10% deposit etc). they dun worried abt bank loan etc. eg avare at 2.78mil and many high priced bungalow , land etc

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Added on April 13, 2012, 6:10 pmtil date, oni one troika unit up for auction (bu 2347sf), a joint name (fung and koo) , foreigner joint name with a msian??

This post has been edited by lucerne: Apr 13 2012, 06:10 PM

there are still plenty of condo selling around 200k in KV. i bought a subsales condo in setapak at 180k and now rented at 1.3k

yes, new launch is selling 300psf or even 500psf but they will only ready by 2016-2017, no one know what will happen then. some bet it will rise further due to hi inflation, RM become smaller (BNM printing more $), and another camp say it will collasp due to oversupply. it is up to individual.
for me, i dun think the price will go back to pre 2009 and i strongly believe i will never get a condo at 200k-300k by 2016 time. since i m on rental play, so long the yield is better than REIT i m ok. new condo always has better design, concept, furnishing, materials so they asking for higher selling price/rental. since i bought my old condo at lower price so my yield/rental will be always better than the new condo (and easier to rent out). they r still many ppl coming to KV to find job every year and they need a place to stay. when the home price become so high, they r more likely to rent from me.

as i mentioned, this particular aution unit (13A ) is different from others. the previous owner may have big discounts from developer since the number is not good. another unit (11B) are auctioned at higher than the launch price, 3.3mil or 868psf. this 13A had been acutioned for 3 times and last 2 auctions has no bidders as everyone looking for lower prices, final price is 2.78mil. i doubt the launch price is 3.1mil for this unit. list price is always different from the actual price.

yes no one care who the previous owner are. i just want to correct u coz u mentioned the owner r japanese , hong konger etc as your earlier statement misleaded LYN members that foreigner are also defaulting the loan while someone said many foreigners r coming to invest in msia.eg chinese, sg etc.

fyi, the new owner are also msian. at least 4-5 ppl are bidding for this, so there r still many cash rich msian aim for this hi end klcc condo. many ppl come with 10% deposit (270-310k) for bidding.

i dun think klcc r heading for correction now since the demand is still strong. klcc condo attract more bidders than other condo in area eg cheras, kepong, kajang, rawang etc. u shud attend more auctions to understand better.

13 is unlucky number for some ppl especially westerner.
some ppl may think 13A is 14.

yes, locals can enjoy up to 40% discount vs foreigner. especialy those buy many units and not good units.
this is true case for my klcc condo.
i hv the actual transacted price of foreigner vs locals of my condo.