QUOTE(Chesterlow @ Feb 1 2016, 02:22 PM)
QUOTE(Chesterlow @ Feb 1 2016, 04:06 PM)
Ya, agree, the market is really very bad now, furthermore, many owners bought the Skypod unit during the booming time, yr 2012 and 2013. I know a newly married couple who bought a 3 bedroom unit and are now having a hard time paying the bank installment and maintenance. They were assured that rental can go up toRm2500~3k but now Rm1500 also hard to find tenants!!
QUOTE(JustNobody @ Feb 1 2016, 04:24 PM)
It is very bad... Look at the people spend on CNY, you will notice... My friend teaching piano got few cancellation, according to her, a lot of parent cutting cost and have to sacrifice extra hobby thing... The market is not looking good ahead, have to find ways to cut expenses... 
QUOTE(honyosan @ Feb 1 2016, 04:35 PM)
Loss doesnt mean the price is lower than snp price becuz u need to take into consideration interest paid during construction, lawyer fee on loan, fees paid during key collection, maintenance fee while holding the unit, lawyer fee again when sale...
QUOTE(Chesterlow @ Feb 1 2016, 04:42 PM)
Yeah true, the seller can calculate all he wants to try break even but what's the use if no buyers? Seller can calculate, buyers also can calculate right? But now the property market is so bad, so hard to get loan, so it's the "buyer's market" now
QUOTE(kubrick16 @ Feb 1 2016, 04:59 PM)
You're right. Apparently my friend is in the same boat as your friends (couple) now. Hope they have the holding power to overcome this.
jolokia you have another dead chicken waiting for you, please get your buddy sukoi407, showtime747 to BBB from puchong to cbj.This post has been edited by icemanfx: Feb 11 2016, 01:01 PM
Feb 11 2016, 12:55 PM

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