Not only TG could offer MRT. Glomac Damansara is also offering such facilities with much better location in TTDI. Or even in Cheras, You City , selling at rm 500 sqft also have direct link bridge to MRT station. From Cheras to KL is much nearer compare KD to KL. The only attraction KD has is Ikea store which soon going to be open in Cheras side of KL. So what's the big deal of KD for selling at rm 1100?

LOL... one south compare this one?

Cannot compare projects launched before 2012 lah... also cannot compare completed projects.

Also amongst the Chinese (no offense ya), the purchasing power and demographics in general Damansara is also different from Cheras.

How many banks present in KD? Why not they go to MK?

Why RM1,100? Because is Dijaya and got many many buyers from Tropicana Resort who buy for kids or investment to the target market I mentioned.

Besides that many liked the concepts... such as;
1. something new and latest revealed in 2013 - hence priced in future MRT price
2. nearby established townships and affluent population (not necessary millionaires),
3. nearby established amenities and lifestyle,
4. MRT-linked - one of its kind in the whole of Petaling Jaya (TTDI is KL),
5. roof and podium terrace,
6. a fairly large shopping mall (hope it is well managed) with a Hotel,
7. golf-view or town view,
8. potential growth of KD as alot more vacant land,
9. reputable developer,
10. KD has one of the highest commercialibity in PJ Utara due to its emerging status as compared to matured Damansara,
11. high demand in general for PJ Damansara real estate.
12. influx of corporate offices in general PJ Damansara
13. vicinity is potential for healthcare and international school
14. this part of town is generally a Compact, High Density area... you won't see empty space for your car repair workshop.


* Note. I'm not a purchaser here... just an observer since I lived not too far away.

This post has been edited by accetera: Mar 13 2013, 11:09 PM

Actually i dont think this TG is high end or luxurious condo as well..is bcoz RM1100 doesnt make it as luxurious condo since so many residential out thr also having the same price per sqft..

The studio type 400-600sf is really an untested in Malaysia...true, Tropicana City Mall rose from Rm200k to Rm500k ++, but now u see the Sky high prices where there is little or no room for much appreciation..what if the BLR goes up? What if the economy down? Single young people cant afford, and even joint they will outgrow once with kids, and rich people who want to stay in su h shoeboxes, and how many expatriates coming to work in Malaysia?? Who wants to pay Rm900K ( assuming cureent investor bought at Rm750k) in 4 years time?? People who can afford to pay Rm900k got so many choices, can easily top up and buy nice big landed house...or even Foresta at 1400sf.. these rich people usually have big families...i really dunt understand such a big deal with the MRT...for me, i would prefer to buy cheaper property and drive longer distances, i enjoy driving yes many places jam but with MRT u cant buy a lot of stuff and carry etc not to mention the noises...

I guess its pure greeed and herd mentality

Actually hor, what's the big situation here?

Several chaps here trashing TG, hmmm...
re this post specifically:
- studio untested - many years ago, BU also untested, Desapark City also untested..., even CONDOS were untested at one stage..., SOHO never heard of before, and the list goes on...
- what if BLR goes up - has BLR also gone down before?, Got what...so? "what if"...sigh
- what if economy down? - aiyoh, then might as well ask the question, what if sky fall down?, what if country go bankrupt, what if there is World War 3?
- number of expatriates? - do you know how many Indian nationals (rich ones from IT industry for eg.) and Middle Eastern people are in Malaysia now? expatriates not only Europeans / Americans / whites lerr... there are a good number of expats actually...
- 900k top up buy house? - people do go for condos for different reasons. not all people prefer houses over condos.
- MRT big deal? - well, MRT gives people options. it might not be first choice, but it gives options, and options do give value to a proposition.
- buy cheaper property and drive longer distances - but there are also many people who prefer to stay in "crowded" places and pay a premium for it. MK also damn crowded what, people still stay there. Youngsters rent there lerr... why not bukit belimbing and drive everyday? a man's meat is another man's poison.

Well, if we want to go trash TG gao-gao, I also do not understand why some make-believe "Damansara" address in Sungai Buloh selling like premium address.
TG not as bad gua...

Curious - do you think MK is high-end?

Want to learn more - Why TTDI more high-end than Tropicana? I am talking about the entire area of TTDI...vs the Tropicana township...


So, talking about condo - Cherasians are darn rich Chinamen, but why condos there never go up? Condos in Cheras don't work...


...and err... KD is not only about IKEA larr... you think IKEA is like the Patek Philippe of malls merr?

Cheras will have its own era soon.... latest news: the IKEA in Cheras is almost 2 times larger than the Damansara one. Its annexe IKANO mall is like 4 times larger than the Damansara's Ikano (now IPC after Boustead took over). If so... I think Sunway VeloCity can priced like crazy like TG.

But c'mon.... TG is not about IKEA.

This post has been edited by accetera: Mar 14 2013, 12:56 AM

What do you think of MK then?

KD vs MK, which more higher end in what terms of factor said so?

"But c'mon.... TG is not about IKEA. "

Ya lorr...that's what I mean...

"But c'mon.... TG is not about IKEA. "

Ya lorr...that's what I mean...

Hmm...cronies stay which part of TTDI?
that's why I ask TTDI full area vs Tropicana township, not only referring to the small tiny area where those cronies stay


You know any rich people stay in KD?

Like all those COuntry managers larr, directors, lower profile biz men etc etc?

I don't know, that's why I am asking ma...

MK is 'has been'
KD is 'wanna be'

Say you are right, which one you prefer?
Has been or Wanna be?

If wanna be is selling at has been, that is something wrong or overprice. Unless you die die want that location, else I don't see why paying a 'wanna be' properties for equal or even higher than 'has been' price...

MK has been perceived as high end bcoz there are some expats staying thr and that lifted up the price of the area so that those developers race to build up thr with overvalued price,as the result now can be seen,many of the condos experiencing drop price.

For me,one can be categorised as high end condo not only bcoz of the price (moreover recent years prices have been speculated by those 'investors' who actually act as 'speculator').If based on 1100 psqft is regarded as high-end,then those 2k plus is highed end condo and 3k is super high end condo?LOLL...

In fact if you guys join some expat forum,there are many expats who earning 7-10k (as what they admit) looking for room to share only before they come in to Malaysia.

And actually for those experienced investors who buy props for rental play,they tend to avoid expats or whoever from Middle East,Pakistan and India (no racism,based on fact).They are okay with Caucasian,Japanese and Korean but how many of them only are in Malaysia??

If aim for locals,please,if i can rent for RM3,5k to 4K,y aint i go to buy my own condo instead of keep paying rentals?Our country isnt like SPore which land has been so limited.Moreover, here in KL still has so many cheaper options to look for.

At the end,i actually very like KD and the concept of TG too,but in term of investment,i dnt think this is the one im looking for....cheersss

Not very sure about your calculation. I think it would be max 60-70% of your nett salary (assuming you dont have other commitments). I know someone who only recently obtained a 650K loan from Maybank with just a take home salary of 5K. So with this calculation, to qualify for a 1 mil loan, your take home salary would be about 8K only. Gross at about 11K.

But the real question here would be how many of those investors in TG are buying their first property? Assuming you need a salary of 11K (min) to qualify for a loan, im sure quite a number of them would have already invested in a property before this (especially if they are Chinese). They wont be waiting for their salary to reach 5 figures b4 they begin to invest. So if they are already paying off 1 loan, their available credit for loan eligibility drops significantly. But assuming, they have other means to purchase e.g family support, group buys, etc, what percentage are we talking about? But owning a TG unit now was made possible mainly because of the DIBS scheme.

This is the affordability now but how would the affordability be in 2016 when TG is completed? How many ppl would be able to purchase >1.2 mil properties without DIBS and still be able to fork out RM 120K cash for downpayment, 30K for legal feels and maybe spend another 10K to furnish? That's a whopping 160K cash!

This is not just an issue affecting TG. Its a concern for all other higher end properties everywhere in Klang Valley. I feel that the current property price boom is mainly fueled by speculations and assumptions rather than being backed by hard facts. How many of the investors in TG and other condo developments in KV actually looked at the income levels in Malaysia before assuming that their properties can be sold at much higher prices in 2016?

The average monthly income per capita for Malaysians derived from the Household Income Survey 2009 came up to RM1168, only a slight increase from the figure of RM1028 in 2007. The average income for the top 20% of Malaysian households in 2009 was RM 3124 only with only 3% earning 5 figure salaries. Wages in Malaysia grew at the rate of 2.6% per annum for the past 10 years while the official average inflation rate is 2.77% which we all know is crap.

The household debt is rising yearly at the rate of 11.1% per annum. The ratio of household debt to disposable income is 140.4 % for Malaysia, one of the highest in the world; above that of Singapore at 105.3 % and USA at 123.3 % in 2009. This means that the loans taken by each household in Malaysia is on average 1.4 times more than its household income in 2009. Imagine the condition in 2013. These figures indicate that Malaysians are at higher risk of not being able to service loan obligations.

Thats why i say we should be a smart investor. Get all the neccessary information, study the risks and then make a qualified decision. Dont merely bank on salesman talk at property launches to make decisions which will affect you and your family in the future. if after considering all these factors, you feel ure making the right decision then go ahead with confidence. Never ever have the herd mentality when it comes to investments.

Just my 2 cents worth!

Cheers!

I am now in the waiting list to buy another unit. Hope there is a drop out unit or dijaya release some units for sale.

Any phase 1 owner wanna let go? I am willing to pay 1100psf now.

Is your interest genuine in Phase 1 or just an effort to try and back up your earlier prophecies?