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 TRX RESIDENCES @ TUN RAZAK EXCHANGE, KL International Financial District+MRT

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Zwean
post Dec 25 2019, 03:07 PM

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Some properties are trophies.

Just like how the Toyota CHR is a trophy car.

Different target market.
Zwean
post Dec 26 2019, 10:28 AM

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QUOTE(icemanfx @ Dec 25 2019, 03:14 PM)
Trophy asset often doesn't give meaningful financial return and mostly bought with excess cash. Buying trophy assets with borrowing is a recipe for financial ruin.

Toyota chr is not a trophy car by any means.
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The rich don't need to borrow to buy. Hence, trophy asset.
Zwean
post Dec 29 2019, 10:03 AM

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QUOTE(icemanfx @ Dec 26 2019, 10:50 AM)
Those could buy cash have many choice and more likely to buy in london, dubai, sydney, sg, nyc, hongcouver, hcm city, etc than kl.
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You’d be surprised.

One guy I know has properties globally, and a few in premium locations. Pavilion, Mont Kiara, Bangsar, Pavilion Damansara Heights.

All purchased with cash.

So yes, different target market.
Zwean
post Dec 29 2019, 11:43 AM

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QUOTE(icemanfx @ Dec 29 2019, 11:05 AM)
Only politicians and their families from previous government would buy as such.
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Not a politician and not related to them.

Zwean
post Dec 29 2019, 11:47 AM

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QUOTE(icemanfx @ Dec 29 2019, 11:45 AM)
Non politician won't buy as such.
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Perhaps it’s time you recognize that the wealthy are not only politicians.
Zwean
post Dec 29 2019, 01:36 PM

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QUOTE(icemanfx @ Dec 29 2019, 12:20 PM)
Typical agent talk.

Kv property return in last few years has been poor. If equivalent sum was invested somewhere else, return could have been significant. Anyone is sensible with money is unlikely to consider kv poorperly in current market sentiment.

People in that wealth group would buy commercial, land or bungalow in bukit Damansara, Tropicana rather than overpriced high rise.
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Sorry ah.

I’m not an agent. You may think I am. But that’s your prerogative.

 

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