lucky? hmm... i'm not sure. i did a survey on the prop and confident it will go up as i believe the trend for prop is appreciation. my only question is, a lot or little bit appreciation. but of course, not something like FD. yup, my relative is wrong. not once, but twice.

in my opinion, even prop in small town also can gain appreciation.

can gain appreciation, i didnt say no. But, not as horrendously quick as what some party might want it to be...seriously.

Location,Location,Location does not meant for affordable people only. Thats why there a need to do some study before u make up your mind..same like other investment. Why buy cheap share if u know it cannot grow..

When I bought my prop at DP, that place was nothing..only big hutan (orang asli just move out), the curve/cineleasure/commercial all not there yet..access mainly from LDP (small turn from the main road). No persiaran surian and surian tunnel. Connecting to Kota Damansara by a small road. basically nothing. if u come visit this place 10 years ago, U know what Im talking about. I did a research, ask around, only then I know I will be neighboring mutiara Damansara which will be develop by Boutead group. When to their office to see the master plan, and see that all commercial (big shopping mall/biggest Cinema/premium showroom etc)..Although this is only on paper, they confirm me its a 'sure' thing..I see the bright future. That time they used to call it PJ Golden area (until now actually). After all BU is just nearby and TTDI was already known that time. I know DP can take advantage of this.To be honest KD has more potential (upside appreciation) but since it was to deep inside from main access road (LDP), I opt for DP. Congrats who bought KD that time..

With merely RM800 extra money at that time for mortgage, I asked my GF (now HM with 2 kids ) to join loan. We manage to get the prop.. paying RM1200 to the bank..Refinance the prop in 2007 to get extra money to buy my 2nd prop. Now paying bank 1350 and rent my unit at RM1800.

So again I reiterate that Location,Location,Location is not for wealthy people. "Matured Location" is for wealthy people. The trick is to find 'potential location'.

Do not get too attach with emotion when buying props..Although if for own stay you might consider this too, a little bit (nice designed/good layout/beautiful landskap etc).

Same thing with share. Buy company before anybody heard about it...If you have AAPL share 15 years ago, you'll be smiling to the bank by now

true. depend on individual target for the amount to get back.

not realistic...this one is really common sense.

true, agreed with you. 10 years ago, DP is nothing. most of the prop purchaser will have to look at own pocket first before choosing location. if i'm going to buy 500K condo in Shah Alam, i would rather choose MK Condo. that's on Location. so, price goes first and location go secondary for ppl with limited budget. of course, you could say location first and price second, it's very subjective matter. location nearby matured township will definitely attract potential to grow. but price is priority cos everyone will have budget. i'm not saying you're wrong. just we have different opinion.

hehehe...yes2..correct.. ..a bit subjective..to find it is like an art..but with little bit of luck too...hahaha..dont worry so much lerr..Apart from Bkt beruntung, I never heard anyone sold a house with a loss..atleast breakeven if the location is wrong..

if not my mistake, Bandar Tasik Puteri. maybe Sri Muda as well cos 1 of my relatives bought single-storey house in Sri Muda last time. price depreciate according to him.

This post has been edited by jason_chee: May 17 2012, 04:13 PM

correct ! where got people buy property dont look at price...that is just ridicilous.

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Added on May 17, 2012, 4:25 pmi thought recently mont kiara property depreciate ????? actualy a lot of places also depreciate.

This post has been edited by mrchipsley: May 17 2012, 04:25 PM

yea... market started to slowdown due to the introduction of nett income for loan. loan are harder to get approve. at the same time, over valuation. i think it's norm cos it's the G objectives to slow down the prop market in klang valley. not sure about the effect towards next year. but it seems like those fresh grad who intend to buy prop will have tough time to secure loan.

actually even without this loan tightening, fresh grad is as usual hard to even buy the properties...let's be very honest. I mean in this property talk itself also people are asking for properties below rm300K and that is they already work for a few years...what more fresh graduate. i have no intentions to make those house owners mad, but price depreciation is inevitable, however, the rate of depreciation is really insane. and that is the very root of all this property owning problem.

Maybe Malaysia should be doing like what China is doing...puttting a mandatory for all the citizens to only own 3 properties, the rest you have to sell it. But if this happen, a lot of millkionares in the making will become bancrupt just like what happen in China

haha.. that's why those chinaman is investing in our country.

up to 30% only allowed. but they for sure wont invest in Flora Damansara. Security definitely cant replace Location, no matter how much anyone here wants to debate about it. The lo cost house, virtually anyone can stay in it...it is too affordable to "foreigners". and some foreigners are really retarded people, im sorry but it's true.

Yeahhh...But I dont think it goes down until the cost/purchase price (developer's price)..if buy sub sale maybe affect little bit

there is ruling that the foreigner can only own a prop more than 500K. i don't think the foreigner bought FD.

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Added on May 17, 2012, 6:12 pmyes man. you're right. price will go down a bit, but not until the extent of cost/launching price. once down, it will take some time to pick up again.

This post has been edited by jason_chee: May 17 2012, 06:12 PM

it can go down up to very low value especially economic depression.

Buying property will always be a good investment. I remember my first property I bought was a repossessed property, which I bought on an auction. Today, that is my home! One needs to start somewhere to get onto the property ladder. And the sooner, the better.

Just to share my Flora investment.

I bought my unit at RM125k, got bank loan of RM160k.

90% loan = RM144k

RM144k-RM125k=RM19k

RM19k-RM5.5k(legal & Stamp duty) = RM13.5k Net cash in

Mthly Installment 35yrs = RM760.00++

Rent per mth = RM800.00

What do you think about my investment strategy? Comment please!

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Added on May 17, 2012, 10:59 pmWhen economic down turn people starts to look for cheaper rental. Those renting RM1000++ will want to look for something cheaper. Therefore rental demand for Flora will increase. When bad time luxury condo/property will be affected most but Flora (necessity) will not be that bad.

Not everyone born with silver spoon. Many ppl out there r still struggling to buy a property. Cheapest rental now at least RM700 - 800 per mth which is enough for Flora installment. Y rent when u can buy Flora at full loan?


Just to share my tots!

This post has been edited by simply red: May 17 2012, 10:59 PM

Thanks for pointing out loan can give RM160K.

Thank you !!

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Added on May 18, 2012, 12:18 amI looked into this matter myself.

People will tend to find place that area cheap.

This post has been edited by Alvinyeo: May 18 2012, 12:18 AM

i think you miss the point. doesnt mean give out loan means the property value is rm160K. The loan here i think includes other misc expenses. as he said, he bought at rm125K. aiyah, many people here already said, but you still dont get it....

i think this really confirms what the other guys says that the property is value at rm130K for current value....

This post has been edited by mrchipsley: May 18 2012, 01:03 AM