Good sales during launch is never a yardstick of the long term success of the development and guaranteed capital returns in future. Its just shows the success by the developer in clearing their stock now. Most ppl now are in BBB mode because they assume that their property will appreciate in the future the same way the property market has appreciated since 2009. The same thing is happening in China and Canada where the property market is starting to drop. The warning signs are all there for Malaysia's property market and everything is pointing towards a slump in 2015/2016. This is why i think developers are rushing to build and sell now before that 2015/2016 period.

Im also an investor but i would always advice prudence. Gauging the success of a development purely by initial take up rate is not wise at all. If the property ure investing in is setting a new benchmark price or close to the benchmark price for that area, then its dangerous. Room for capital appreciation will be limited and you would be the first to be hit in the event of a property market slump. Always buy within your means and ensure you have the holding power in case the property doesnt appreciate as expected and you are unable to rent out.

http://www.wealthwire.com/news/global/4599

http://www.forbes.com/sites/gordonchang/20...fore-the-crash/

i heard we each person is only limited to 2 units?

will go this evening.

yeah

just for the free food of cuz

this project is too much of a risk to take at least for me

The absolute price are okay but what is the size for 450k-500k?

If 1,200 per sq ft, it would be extremely .... on high side ...

Salute to property market!

Isnt this the case before all property market collapses? What do u think happens in the years preceeding a property market crash? U think ppl stopped buying for 10 years and then the collapse happened?

Please use the net to read up on what happened in the US and Vietnam before the property market went bust. Read what's happening to China and Canada now. Even major business media like Bloomberg, CNN Money, Business Week, etc are warning about an impending property market crash. There are already ghost towns in China where new developments have been snapped up by buyers during the launch but after completion there were no subsale buyers or renters.

Most ppl in Malaysia are buying because of easy ownership schemes like DIBS, etc. But none of these schemes would be available during subsale later on so that would really limit the market of prospective buyers. How many of us can afford to put a 10% downpayment on a RM 1.3 mil property? And also come up with legal & loan documentation costs, stamp duty, etc as all this is based on a percentage of the loan. For a RM 1.3 mil property, ure easily looking at min RM 180K start up costs including fit out. How many can afford to come up with that cash? When the buying slows down, thats when prices will drop.

Dont simply have the herd mentality and dont gauge the future property market based on the price increases for the past 3 years. Flippers can make alot of profit when times are good but they are also the first to be burnt during the bad times and facts are most of these flippers dont have the ability to sustain when their properties dont appreciate as expected and when the rental yields arent enuf to cover even 50% of the monthly repayments.

How can DIBS help you to flip upon VP? DIBS is to make it easier for you to purchase a property but DIBS is a double edged sword. Many ppl assume that just because they could afford to purchase now then ppl in 2016 can also afford to pay more. But they fail to realise that if not for the DIBS scheme, sales will not be as good as it is now. Subsale in 2016 will not have any DIBS to push the sales. So ppl buying a RM 1.3mil property in 2016 would need to come out with at least 150K cash to purchase. Add on the inflation factor, that would cost about RM 160K in today's money, cash. Plus the fact that salaries are not rising in tandem with inflation. Also since 70% of the buyers are investors, most of these ppl will attempt to sell the moment they get VP. Imagine a few hundred units being put on the market suddenly. Is everybody gonna hold at a price and not drop? all it takes is for a few owners to start dropping prices (and they will), for all prices to start falling. many will opt to sell then they realise that ppl are not willing to pay RM5K to rent at Kota Damansara for a leasehold property especially when there are cheaper options with good facilities nearby as well.

Like i said before, the only benefactor from all of this is Dijaya and the Phase 1 owners. The rest will need alot of luck and hope that the market is still going strong in 2016.