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Investment My first home property investment: Flora Damansara, Advise, Feedback, & Comments?

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SUSdavid_lynn
post May 16 2012, 01:59 AM

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QUOTE(mrchipsley @ May 15 2012, 12:20 PM)
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  thumbup.gif
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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.
SUSdavid_lynn
post May 16 2012, 10:20 PM

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QUOTE(Alvinyeo @ May 16 2012, 03:57 AM)
For the last 2-3 years price memang at RM100K-130K. You want cut owner at there meh.  shakehead.gif
- says who ? are you creating your own data ? PLS STOP BS! The price for 3 years ago is memang less than rm100K ! then naik to rm100K++ then
      until last year is rm125K++, I think YOU ARE GREEDY !


I'm convince most owners to sell at RM150K. Don't spoil market at there.
- only an idiot like you will be convince !


Added on May 16, 2012, 5:00 pm

Basically, price in Flora really slow since their 1st develop. - OBVIOUSLY, and you should know the reason why.  shakehead.gif

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

- YOU ASK WHY ? as if you dont know the real situation in Flora Damansara ?  doh.gif  You go on search for people to rent at rm900 and rm150K....see
      who want to buy from you !


Agents are indeed will oversell their stuff but which salesman won't ? As a owner, they sell my unit good price, i happy.
- yes, they ALWAYS oversell things. that's why people dont like them. but more importantly, since now they like to oversell things, I hope one day
      when economy is not good, i will see what they want to eat !


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

- dont be thick skin, ONLY YOU happy. and everyone else already run away. Even a recent purchaser also agree the price rm150K is high, you say
      things to syiok sendiri. crazy


Is up to you whether you think is worth a not. - Not just me, MOST PEOPLE THINK IT'S NOT WORTH IT.
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SUSdavid_lynn
post May 17 2012, 08:17 PM

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QUOTE(jason_chee @ May 17 2012, 05:11 AM)
there is ruling that the foreigner can only own a prop more than 500K. i don't think the foreigner bought FD.


Added on May 17, 2012, 6:12 pm

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

 

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