Rm180k for Flora Damansara?? Talk about being ripped off....the agent and seller must be smiling non stop....there r some future concerns and issues on the sellability but im not liable to disclose them here...some parties r trying to push up the prices and promote this place as good investment

This post has been edited by brother love: Jun 27 2012, 01:05 AM

The fact that the buyer applied with 6 banks, and only two bother to approve, and one back out, indicates the investment potential of this area....do u think easy for potential buyers to buy next time, with so many banks reluctant to do?? And pls, for renting, in this price range, wat kinda of reliable renters u could get?

Bro, save yur bullets for better days, how much do u think such place can appreciate??

Maybe somebody think FD can follow the price appreciation of Goodyear Court in USJ...seriuosly Rm250k is going to approach some smaller Approx 400sf Ritz Perdana suites...how many people who buying for own stay willing to fork out RM 250k for such place?? And do u think u could raise the rent easily like hit commercial properties?? And how many buyers in this price range has strong financial power? All these price increase speculations r created by irresponsible agents...i knew of a few people who buying FD due to these speculations...there is too much greed nowadays...someday people will get burnt...as for the issues, its already being stated in prevoius posts, water issues, slope stabiloty, difficulty in getting financing....Assuming the price did rosed to RM250k, what if bank valued at Rm200-210k?? Do u think buyers in these income category able to raise and willing to pay the extra depsoit, in addition to the SPA fees?? RM250k monthly approx RM800-900, most buyer profiles earning net of this monthly, and maybe not yet deducting their car loans, and will they service their loans promptly? Pls do some reality check...and do u have time to attend those endless jmb meetings? The only reason the agents pushing the price is the upcoming MRT or LRT...I havent even mention the bank penalty, lock in period usually 5 years for these loan amount, RPGT, legal valuation stamping fees etc

Verdict: buy it only if u ladden with cash, for first timers, avoid like a war zone

This post has been edited by brother love: Jun 27 2012, 10:29 AM

Sometimes i wonder if there r rea agents here disguised as forumers to promote certain properties...i wont take risk buying Rm180k property just maybe to earn Rm30 k profit, and this not yet taking legal fees, valuation, stamping, loan, spa fees et. Etc

Price gone up RM10 k how much u can make.. Dojt forget the loan side side and SPA legal, stamp and valuation fees...plus, most banks impose 5 years penalty for this loan amount

Tried to advice some people on this area but they didnt believe, instead they trusted agents claiming the price will go up, some bought 2 units, than lcly

one thing I always consider when I buying propeerty is asking "will I stay in that place myself"??