QUOTE(jinxiang @ Feb 18 2014, 08:51 PM)
Within 2 years asking for 80-90% return??
Even if it was the booming time 2 years ago it would be unlikely.
Look at iproperty, price coming down. 1.6m becomes 1.5 and 1.49m. Previously those who put up 1.6m were all testing water.
2.3m for a lease hold link house?

There are many choices (including freehold semi-D) nearby if you have 2.3m to spend for a 3200sf house.
Yes, I believe it will go up to 2.3m eventually. But that may be at least another 3-5 years or more if economy continue to grow.
Once the houses are ready, there will be >200 units for sales....I estimate at least 70% are speculators who sapu
most of the units during launching. By then, serious buyers will have plenty of choices.
Developers are sensitive to market's demand. Most of them slowed down their launching since last year. You don't see that many
launching recent months, do you?
Better pray if the economy won't collapse. Otherwise, many will start to throw price if they can't hold.
well said.. there are still a lot of serious buyers who couldn't get a unit due to strict balloting process by YTL and EY.
another thing to note is that there are limited fully G&G low density strata landed homes like this in Sg Besi, and the nearest will be Senja by BRDB (leasehold). guess how much they're selling late last year? RM1.99m for a super link with 2400sf land area and similar built up at 3,200sf. left a few units available now. talking about crazy, yes it's crazy, i was also one of the priority purchaser, but didn't buy a unit because i bought end lot reed 3100sf land area for only RM1.36m!
i foresee reed will most likely go for about RM1.5m - 1.6m for intermediate units upon completion, end lots at 1.8m - 2m, corner lots at more than 2m.
yes we need to beware of the economy, BNM mentioned won't raise OPR to help the ringgit, but it's just a matter of time when they will raise it, not whether they want to raise it or not. like what you said, it will be a buyers' market by then. but if you have been to the Reed ballot, i can tell you that the purchasers there are all loaded and most likely wouldn't care about it because they're just well, loaded.