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Investment DAMANSARA FORESTA, A new development near Desa ParkCity

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prop99
post Dec 15 2011, 08:18 AM

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QUOTE(airline @ Dec 15 2011, 03:24 AM)
Give 5-7 percent discount free spa, dibs
Guarantee can sell

This project got pakat with Mayland a not?
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Depending on sizes and entry level prices. If above rm700K then it is crazy pricing. No ROI on rental, flipping not much upside. Unless own stay. sad.gif
prop99
post Jan 9 2012, 11:04 PM

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For me the value proposition and attraction to this property is that upon completion of the DF, L&G / Mayland hands over the 21 acres of the prime freehold forest land to the JMB. I do not know if this will really happen?

Assuming the project takes 10 years to complete, the freehold land could be worth rm500 psf then. So 21 acres would be RM470 mil.

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