If I am not mistaken, u still can buy 1st phase 22 x 75 sub sale around RM600 to 650K at 16 sierra and D'Alpinia. or is this price point too high for investors?? I am of the opinion that the days of fast easy money are gone and a reasonable time frame would be 3 to 5 years. So within this time frame atmosphera would alredi VP and IOI and others may have started their other projects. of coz it all depends how IOI develop their commercial land but them being typical chinaman (with loads of cash reserve who can wait) don think they will be too far off the mark. The area currently has all the potential to become a commercial hub at south klang valey coz after this place is putrajaya and cyberjaya. Putrajaya is turning out to be another Shah Alam of 20 years ago and cyberjaya IMO will never become another pusat bandar puchong. So that leaves only the 16 sierra area to pickup on the commercial/retail demand. Note Hap Seng also have commercial plot to develop. So if the commercial hub does develop then this side of LDP oso much nicer environment compared to pasar borong side, jam oso much less. Another plus point so far the non bumi (mainly chinese) seem to predominate (purchased). Hence I only see upside here and it may be slow but sure gain (safe bet). Some may claim lost opportunity cost and what not but I am risk averse and keep min 60% in safe investments. rest in volatile investments like stoks, etc and tiny portion go to casino and have a blast once in while coz its fun playing risky stuff.
Baring external shocks I speculate the price here going past RM1million more so if the crap in US and EU implode/explode or what ever. I think within next 2 years it may happen and when it does will cause a big shock to global currencies coz those idiots in the west are pulling liquidity out of thin air and there will be a limit to that.
16 Sierra by IOI properties
Feb 11 2012, 06:08 PM
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