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

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

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.

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

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

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.

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.

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

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

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

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

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.

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

hope you know what you are talking ya....there really are a lot of africans in the condos or apartment there....this wil pull the price down.

eerrrr, unless you stay there, then you will know. it has a lot of africans, banglas & other foreigners like vietnams & pakistani...and of course the environment. i think these things it's hard to put in words unless you go there and observe.

well done, since flora damansara is risky, why not go and buy a few units there ? im sure you will gain the reward in 20 years time.

aiks, just now say flora damansara good, now divide pulak to big investor and small investor

ooooooo, that's what im doing lah...you think im a mind read kah ?

then i dont understand how can FD 850 square feet be sold at rm180K. I think rm130K is more likely...