For rent only, want to keep for my grandson.

Last transacted 1.42 or 1.43.

Many asking for 1.6 but never heard of any transaction.

If for intermediate, no hurry to buy. There will be plenty of choices when the investors get their keys and start to lelong. At least 50% of the buyers are investors. Not many buyers will buy a >1m house by just looking at the house model.

Of course, there are mixed opinions of whether the price will go up or not. Sellers will prefer optimistic opinions, for sure.

GST may push up the property (1st hand) price, if the market remains strong.

However, if economy turn weak, most buyers will wait and see. Developers have been making too good profit for the past 5 years. Many have started to slow down their launches. They may build lower end houses when the economy is down, or lower their profit margin. So, not necessary the new house price will be higher. No developer will build something they know can't sell (my 2cent opinion).

So, if the market goes down, those who can't hold, will lelong. Those who can hold, will continue to hold until market recovers.

For any investment, if it hits your targeted profit margin, it is time to let go and gain it, especially if your holding power is not strong. Of course, if you can hold for 3-5 years, I believe it will still double of what you bought 2 years back. But will you leave the house empty for that long?

Personal opinion, REED's layout is much better than Dale. However, the house design is BAD. Especially the end / corner lot. Staircase built at the side of the opening wall (i.e., not the side of the neighboring wall). Can't do extension at all unless you hack off the staircase (not possible). Spoil the entire purpose of having an end / corner lot. Those who have viewed the end lot will know what I mean.

Some end lot owners asking for 2.2m. I seriously doubt anyone will pay extra 700k (2.2-1.5) for mere 10ft land. If that's the case, I rather top up another 400k to buy Grove.

So my guess is, after VP, intermediate will go between 1.45 - 1.6m. End lot 1.8 - 2.0m If economy turn bad, 5-10% lower. If property market still hot (is it?), then intermediate 1.8 and end lot 2.2 are still possible, provided if you get the right buyers. Those who buy, will be for own stay then.

i also looking for a unit. If anyone want to let go please let me know.

that's quite a good asking rental there..

my relative is an agent, and she said quite a few viewings done for expats looking to rent grove.. i think 3.5k is achievable.. the only problem is availability of unifi

i think grove units now asking for at least 3.2m and facing lake units asking 3.6m! that's crazy prices.. i remember the launching prices started from 1.8m and facing lake units only 2.5m! talking about bargain lol

and my loan officer kawan told me he's doing a loan submission for a customer buying dale intermediate, jln tasik damai 1 for 1.3m! so i think reed 1.4m is a bit too low.. my close friend who didn't manage to ballot a unit wanted so badly to purchase a unit and some owners are not even budging with the 1.6m asking price..

yes market is taking the wait and see approach and all players including investors are feeling it right now.. coupled with rising BLR rates.. (another 25 basis point coming by end of the year i think).. nevertheless having that said, good properties in good locations will fare better than those shoebox high rise hybrid (hear SOHO) developments..

there will always be bargain to look out for even in the best and highest end properties.. you just need to search and be patient..

and about the "bad" design for end/corner reed units.. it's because it's a GNG stratified landed development, YTL didn't want the owners to simply extend the sides of the houses hence the awkward placement of the staircase. i think the owners or the ID people will have very ingenious ways to go around it!

This post has been edited by humms: Aug 27 2014, 09:36 AM

fuyo~! i went there last night i saw CIMB was there!!!

I think Reed buyers are cash rich..

Why u say so?

and the traffic is heavy already!

Even if you have RM1mil cash on hand you may not be able to buy Reed, because it's balloting

I want to buy but nobody want to let go!

wait for it to complete first lah.. another 8 more months to go only.. for sure there will be quite a lot for sale..

This post has been edited by humms: Aug 29 2014, 11:55 AM

You're not allowed to do any extensions anyway as Reed's under starta tittle.

how about grove? can do extension? my friend plan become 2 in 1!

i think internal renovations should be fine, including removing internal party walls to provide lateral access as in "2 units occupied as 1 single unit"..

only external extensions would be a problem as rightly pointed out, it's a landed stratified property. however, there will always be people renovating as they please regardless of law and DMC

if i remember correctly, there are a few clauses in the DMC for reed where extensions need approval from the JMB / MC

After 8 months different price already.
That is why kancheong to lock in the current price.

hmm.. true also.. but i've checked around, no owners wanna let go at 1.4m.. even the ones facing army camp also asking 1.6m

Can u confirm it is strata title? Just like condo?

For Lake Edge Puchong, also G&G with club house by YTL, is individual title. Having DMC doesn't make it strata

It is confirmed STRATA Title