Great people have same mind with me on seeing Flora's potential.

I myself grab 4 units there.

Rented 3 and selling 1.

Hoping after Empire City completed, the price can go up.

Also if you want to view my unit, let me know.

I'm meeting Flora's owner to make it livable place.

This post has been edited by Alvinyeo: May 16 2012, 12:07 AM

nope, bank value can always differ. it's best to seek property vakluer. why ? because sometimes, some banks who wanted to get business they will simply put in the value of the property(added : simply put in the value here refers to get the value from property valuer party which they have connection with, so more easier to put higher price), hence siding the value that the owner want to sell, which is not the real worthiness of that property. Go to property valuer as they have the data of real transactions. the real price is rm130K, rm160K is the price for the next 2 years....trust me. the property valuer also factor a lot of common issue in the prices(like number of foreigners, amenities efficiency, availability of public transport, accessibility to this apartment and so on), so if you do happen to go and buy from certain banks, usually the branch, then the value is not correct or OVER VALUE. Check from a independent party, it will help.

remember, do you check and VISIT THE PLACE !

This post has been edited by mrchipsley: May 16 2012, 12:50 AM

To side track, nothing to do with Flora. Just about bank process. Branch can't do valuation, bank don't do valuation too. The Loan Dept will either get Valuer to advise the market value or use similar tranx to get Open Market Value (OMV). However diff valuer quotes diff amount too, some can have diff of 10%-15% depends on your luck

eerrr, which sentence did i say bank do valuation ? READ PROPERLY!

ok la I blur, chill bro

anyway, when you buy, you must fight for rm130K because this is the CURRENT price, and if you visit the place, you can know why.

No la I am not buying because its a mixed dev area where they have Low Cost, Not So Low Cost, & Mid Cost Apartment.

actually, both the low cost & middle cost development are in same area. it's not logic at all to even consider selling rm160K when the low cost beside it is selling like less than rm50K. and since both are in the same compound, so obviously there will be theft in the low cost apt, and obviously the thieves will also "prefer" to go to steal in middle cost apt. so, this leads to insecurity in the middle apt as well. Besides, the low cost rental is so affordable that nigerians, banglas, indons will definitely rent there. this again will change the population of flora damansara.

and to make it worst, water cuts & electricity cuts are still on-going. im really not sure if the electricity cut is going to affect the lift. and the people there have a habit. anything that is outside of their window is a place for them to throw rubbish. Im dead serious. that's why you notice ALL of the compound is DIRTY.

true there are other developments going on, but they are more further away, and they are not yet even finalize of building. You must be joking to hike up price based on something that is even not sure yet. and yes, that's what some of the "dont know how to look at mirror" residents AKA investors are doing. plus all those things above....not to mention the place is not well connected with public transport. the swimming pool is drying, the mini taman all the walls are "black" in colour....

and some of the people dare to even ask you for rm160K. I mean I know properties prices are rising, but sometimes I wish some people have the brain to even look at their own property before asking price. It sounds not nice to hear, but do you think it is nice for purchasers ?

sorry humble, this reply is intended for all not you

ya, actually i also felt that way...the environment is really not up to satisfaction lo. last time went to see, but felt the price is really (again my very humble opinion) not cheap lo. some people say affordable, but do you want to buy a property in such area(may be near to IKEA but inside compund already near to low cost) for such price meh ? the other project development nearby the area actually since last time also already keep saying...many people keep guessing, and because only got development, they quickly hike up the price, agents lah...sigh, the problem for many people. even though got 2 real estate agents got killed, i still felt agents are really terrible people(so money face till make other people suffer). sweet mouth to attract you, when comes to price it is horrendous....and somemore, the quality for Flora Damansara is not good. Ive been inside see both the lower ground units as well as the upper ones. it's the same lo. another way for owners to blind you so that they can hike up the price is they "renovate" their house with cheap renovation ways but say out as "quality" to raise the price...just to let you know, so that future purchasers can inspect properly.

For the last 2-3 years price memang at RM100K-130K. You want cut owner at there meh.

I'm convince most owners to sell at RM150K. Don't spoil market at there.

---

Added on May 16, 2012, 5:00 pmBasically, price in Flora really slow since their 1st develop.

Why can't we sell the price as location there selling more than RM300-500 psf. While as Flora less than RM200 psf.

Agents are indeed will oversell their stuff but which salesman won't ? As a owner, they sell my unit good price, i happy.

As buyer, i got my unit in my right price, i happy. Everybody happy.

Is up to you whether you think is worth a not.

This post has been edited by Alvinyeo: May 16 2012, 05:00 PM

Most of the comments are personally attacking me.

Without the basic facts to prove that you're right.

I'm not here to discuss personal stuffs regards my skins, greed and ignorance with you.

People have their own perception.

You can't see the potential in it, walk away. Want people to know the place is hell. Go ahead.

Let them judges.

If you don't believe the last transacted price, i dare you to go the management there and ask.

You think i'm making speculation on property price. I'm not a banker nor i own a bank also not a valuer.

My price on what last price is selling. Go ahead, call your banker or valuer. Ask them the last transacted price.

For 850sf of course. If you ask 650sf sure got no value la.

---

Added on May 16, 2012, 11:05 pmThis post has been edited by mrchipsley: May 16 2012, 11:05 PM

Why nobody believe me can value at RM160K.

Any agents here doing Flora can clarify ?

i think the max is rm150K, if you got do renovations(that is expensive one yah), other than that rm160K is impossible to achieve. rm160K is considered very expensive already, this is leasehold somemore...how can you simply hike ? it's square feet is not more than 1000 square feet.

i repeat again, of course if you can find bank who can approve loan at rm160K, can. these banks want business, sure they will approve one. but rm160K is not the real value...at least for majority valuers. anyway when you sell at rm130K, you also untung a lot already man.

Yeap lilac, the keyword here is affordability. Not everyone is anak datuk.

Btw, what's with the debate here? Seems like very personal. About money and greed summore. LOL. Lari topic lor. TS was sharing on he/she bought a property and look where this is going?

This one still ok. There is another flora forum - tat one hot stuff

Nice write up.Inspiring..I owned a property in DP too..stayed there for a year and rent it out till now. It has been a cash cow ever since.1st tenant balik modal only (year 2005-2006). Now my 2nd tenant.Positive cash flow.Renewed tenancy with the same tenant in 2009 (rental increase) with no problem.Tenant are happy. Excited to see what Empire and DASH highway would bring to this area.I constantly got agent rang me up (different agent) atleast once a month asking bout my unit.As of now Im still holding it..

Same like u, I bought my property when my salary is 3K back in 2003.Relieved and happy that I decide to purchase that time and just took the plunge..All the best in your quest.As Donald Trump said, 3 important things when buying a prop..Location,Location,Location...

great to hear your story. but in my opinion, Location, Location, Location is meant for affordable ppl. in other words, rich ppl. for poorer ppl, it's about price, price, price. the lower the better. anyway, Donald Trump isn't always right. i don't mind to invest into rural area for a cheaper price. just my 2 cents.

---

Added on May 17, 2012, 2:40 pmlilac, in my opinion, go for something you're comfortable. as long as u like FD, then go ahead and buy it. In forum, you can only get advice, advantages and disadvantages of FD. but the person who make decision, still is from you, yourself. last time when i bought a condo, lots of my relatives condemned me for overprice purchase. but what happen is, the price went up and after 5 years, i sold it off and use the gained money as downpayment for my landed property. so, in my opinion, if you can afford it and u are comfort with FD, buy it. if appreciate a lot, then maybe you can sell it to get a better place. if depreciate, then you can stay there.

This post has been edited by jason_chee: May 17 2012, 02:40 PM

true, the decision is still from that person. your relatives might be wrong, but you are lucky to get a buyer maybe ? hehehe.

about the depreciate & appreciate matter, it is a very subjective area. of course in your situation you are lucky.