QUOTE(cybermaster98 @ Mar 17 2013, 11:09 AM)
Your 'other' investment was in a different time frame. The crucial period is NOW and developments coming online in 2015/2016. I too made investments in 2008/2009 and ended up getting 80% capital appreciation but i know that was then and it would be foolish of me to expect the same for investments now.
I dont think anybody is doubting TG's plus points. The issue most of us have is the launch price and if it will be sustainable in 2016. TG has surely set the benchmark for KD at prices which is clearly above the surrounding developments.
I think that for a new development to be sustainable or have good margin for appreciation (for investors), it should have the following amongst others:
1) Launch prices to be set in accordance with actual market values of the area (not based on other developers offerings) as this will make it easier for subsale owners to get loans through favorable valuations from banks. This will also keep rental rates to an affordable level.
2) Have at least 60% own stay buyers as this will help stabilise prices instead of having majority flippers who sell upon VP and turn it into a price war aka buyers market.
3) To be located at places which actually justify the price & rental required. Not all lcoations with a LRT station nearby has appreciated simply because not everybody takes public transport. Same fate could befall the MRT project.
4) Development to have special features which buyers are prepared to pay for and add long term value to the development not features which are good 'eye candy' only.
5) These features should not have been duplicated at other cheaper locations nearby which would undervalue your investment here.
6) Residences that come with retail can either be very lucrative or a complete failure. Its a more risky type of investment so knowing the retail tenants/target groups are particularly important. Sadly, this info is rarely available during purchase. And sadly, developers use this lack of information to provide empty promises of reputable tenants merely to push sales.
7) The developer should have a good track record in quality offerings instead of merely expensive offerings where there's a disconnect between the perceived value and actual market conditions.
7) Other planned developments in the area which are priced much higher than this despite offering similar features.
Your above theory can all be thrown down the drain when comes to desa park city landed properties....
so many other place has cheaper in fact much cheaper option than dpc
Many investors and big percentage for rental and resale not for own stay
Located at a place which almost no one say is justifiable when they started even till now
Their launch price ...haha...has never been in accordance with current lauching price in fact is the price setter in the whole of Malaysia
More of perceive value as banker lose track on the latest transacted price and valuation defi cannot match transacted price, but in dpc that is the price take it or leave it
R u telling us that dpc is a flop? Time after time we r proven wrong, amazing but true
HOWEVER, this kind of blue chip investment could be 1 in a thousands,
TG has more ingredience than needed to succeed..only the developer execution can flop it