Luxury condo in HK cost RM15,000 psf and above depends on location, RM5k - 6k psf just a normal one, RM1k psf is damn old flat without any lift service.
the most expensive condo in KL is banyan tree, RM2k psf, the most expensive bungalow lot is Damansara Height, cost RM600 to 800 psf, in HK bungalow lot cost easily RM25k to RM35k psf and above.

Boss, u sure banyan tree is the highest?
Any idea what is the selling price for st regis, berjaya central park, wing tai's le jean nouvel?
Once upon a time a prop guru claims bolehland can hit rm5k psf by 2015?
Do u think that is possible or utter rubbish. A lot of people seems to think so. Including myself. Kekeke. But now not sure what to think anymore as rm800psf leasehold in kd also kena sapu clean clean.

No No, covillea is going to be highest.

Boss, am referring to prime real estate but you are referring to normal condo pulak.

5k psf? Not by 2015 but its possible to hit that one day.

This post has been edited by worgen: Dec 30 2012, 01:18 PM

A lot of people misunderstood Gavin's statements, he never mentioned average condo.

in 2011,
In a recent talk, property consultant Gavin Tee has predicted the following:-

Price psf of luxury condos in Malaysia might hit RM5K within the next 5 years
Real estate market in Kuala Lumpur would mature and hit its highest point by 2020
...
...

looking at the current trend, he is right.

This post has been edited by UFO-ET: Dec 30 2012, 01:19 PM

Some of the property guru make more money from seminar talk than property investment. Why predict year 2020 and not 2022? Simply following wawasan 2020 which already not realistic.

Penthouse of The Binjai KLCC sold at highest price 1-2 years ago, hit RM3000 psf, single unit per floor, 360 degree KL city view

This post has been edited by zuiko407: Dec 30 2012, 01:38 PM

Yeah. Read about that one before. And the buyer wishes to remain anonymous.
But averagely i thought the prices for the other 3 i mentioned was higher than banyan tree.
If i recall correctly banyan is ranging from 2 to 2.2k psf.
While st regis started from 2k but were lastly and mostly transacted at 2.5k?
Central park with carl ritzton were boasting of from 2.5k psf but do not recall it being launched.
Jean nouvel was also rumoured to start from 2.5k psf onwards.
And of course some unlaunched developments such as harrod residence is also expected to top banyan trees.
So it rrally surprises me if and when e n o do launched their mews at 1.4k psf.

Thanks for the figure zuiko. Walan eh! those are so far far far away from where I'm looking atm. Need to work harder ady. hahaha

ya.. Kulim and Teluk Intan can also get 150psf now. faster buy buy buy.. KL already 700 psf. so Kulim n Teluk Intan sure doubling soon.
Hehehe.. isnt this same logic of comparing HK with KL?

Compare capital cities laaa.

Boss, think most of the principles belies in comparison of their prime cities against ours. And not rural vs rural for comparison.
Eg. For those who had the vision that aussie would do so well they would have invested heavily into it before the meteoric forex rise.
Let's say if you have faith that bolehland is gonna do well in the immediate future, no harm hoping that we can have the same voom that australia experienced before this.

Ps: wishful thinking

Btw, any idea what is our ranking in the world for oil exporter? And what is the gross capita income against the others?

http://urbanpeek.com/2012/03/09/the-worlds...ntries-in-2012/

Hong Kong - Average income per capita: 45,944 dollars (US$) a year, is one of the administrative regions of China, located in East Asia with a population of 7 million people.

Singapore - Average income per capita: 56,694 dollars (US$) a year, is located on an island in South East Asia, Singapore as its capital, the population is 4.9 million people.



http://thestar.com.my/news/story.asp?file=...6379&sec=nation

Malaysia - The country’s gross per capita income has increased from US$6,700 (RM21,152) in 2010 to US$9,700 (RM30,623) at the end of last year.


To those keep saying properties in the Bolehland are the cheapest in the region should make themselves aware that, an average Singaporean or Hong Kongese is making 5 times more income than an average Malaysian.

What is the logic to justify that property prices in the Bolehland should keep rising and matching SG and HK???



In 2012, transacted prices have been trending down at certain areas, particularly the high-end segment. Forget about the stagnant call, the high-end segment will be the hardest hit in this property market downturn for sure. Look at those empty bungalows, semi-d's in the middle of nowhere... really scary! It is not easy to find the next millionaire sucker, isn't kiddo?

When is our graduate going to go singapore and hong kong to work as house maid and construction worker? My friend work as cashier in petrol station salary sing dollar 1800.
1800*2.5= rm4500

GDP (nominal) per capita. All data are in current United States dollars.

This article includes four lists of countries of the world sorted by their gross domestic product per capita at nominal values, the value of all final goods and services produced within a nation in a given year, converted at market exchange rates to current U.S. dollars, divided by the average (or mid-year) population for the same year.

Rank Country GDP

Source: International Monetary Fund (2012)
10 Singapore 49,936
- Hong Kong 35,961
32 Korea, South 23,021
36 Taiwan 19,888
62 Malaysia 10,578

Source: World Bank
19 Singapore 46,241
- Hong Kong 34,457
38 Korea, South 22,424
68 Malaysia 9,656

Source: CIA World Factbook
16 Singapore 50,800
- Hong Kong 34,000
35 Korea, South 23,900
39 Taiwan 21,900
69 Malaysia 8,600


Source: United Nations
14 Singapore 50,087
- Hong Kong 34,161
36 Korea, South 23,067
67 Malaysia 9,977

---

Added on December 30, 2012, 10:00 pmhttp://en.wikipedia.org/wiki/List_of_countries_by_GDP_%28nominal%29_per_capita

This post has been edited by propusers: Dec 30 2012, 10:01 PM

A good brick layer in singapore earn salary sing 2500.

2500*2.5= rm6250

Msian graduate salary rm 2500-3000 only. They should go and work construction in singapore.

This post has been edited by Z1000: Dec 30 2012, 10:06 PM

Average msian can afford to buy property although low GDP per capita.

...

This post has been edited by Nikmon: Dec 30 2012, 10:56 PM

Malaysian ringgit so weak. Times 2.5 u got 1 SGD. Times 3 u got 1 USD. Aiyah when can we enjoy stronger currency?