I am wondering how many unit u grab?

+1

Nothing to do with fairness. Its solely done to create the euphoria and boost the overall image of the development. Its to create a herd mentality that will be talked about for time to come. Its the word of mouth that sells in the property world. YTL has created this and even developers like EcoWorld & SP Setia have followed suit. This allows developers to make a killing and create a platform to launch their future developments.

Have you noticed a trend? The projects which required such sale build-ups and euphoria were always those which were priced above the subsale market of that area. Can you show me a development which was launched with such fanfare at prices which were reasonable and affordable in accordance with the vicinity? I don't recall any.

Either way, whether this euphoria will result in good future capital appreciation upon VP is another matter altogether. In fact, if you do some research you will see that developments which were launched without much fanfare have not only achieved the same record sales but also have been real value buys.

Fennel is a good product with a great infrastructure around it but I think YTL have been a bit unscrupulous by creating this herd mentality. They have focused too much on just merely making a sale without concentrating on getting investors with solid financial grounding.

How many of the investors of Fennel 2 can withstand a property slump expected around 2016? Yes Fennel 2 will complete end 2017 but seasoned investors know that recovery from a slump takes about 2-3 years so owners of Fennel 2 will be getting their keys at a point when the market is just about to begin a recovery. How many can hold on to their investments for a year or two without being able to sell or find tenants? On top of that its widely expected that the BLR will go up by 50 basis points in 2014 and a further hike is possible in 2015 if the slump hits. So we're looking at BLR rates of about 7.35%-7.60% by 2016. BLR takes time to come down. This is where the problem begins. Many of the investors in Fennel are not single property owners. Many have multiple properties. These will be hardest hit when interest rates rise and they cant sell / rent. But this problem is not limited to Fennel investors alone. It affects everybody (me included).

I thot msian investors are good in savings? Always see more and more dark units but no lelong no rent one

Think if the buyer could anyhow secure a loan, means they are financially ok or almost okay to weather through rainy days. Like me, i am out of bullet, financially i cant really make it even though i wanted to join the line-up very much.

im seasonal investor....so will looking protfolio tat will bring max return for my investment....

Actually Fennel is not in my top list...even though with the "wow" factor to the project...

No doubt... is still one of the good project for this year...

U need to read up more on the property slumps in Dubai, US, Vietnam and Australia. U mean to say all those investors who were hard hit all bought with cash? Do u know why property slumps are always tied to the term 'debt crisis'?

The following article will give you some insight on the reality of a debt crisis and how volatile the banking system is:
http://www.bloomberg.com/news/2013-11-18/c...ank-crisis.html

This post has been edited by cybermaster98: Nov 19 2013, 10:38 AM

Yes same here. Fennel a good product but its the investors which have bought into the project which scares me. If even half of these investors start dumping units upon VP at lower than expected prices, it will bring down the rest of the camp. That's why projects with low own stay investors will always be highest at risk. That's why areas like TTDI, Bandar Utama and Bangsar are always able to withstand economic downturns and property slumps. Rental yields may be low but capital value will generally hold.

"How many of the investors of Fennel 2 can withstand a property slump expected around 2016? Yes Fennel 2 will complete end 2017 but seasoned investors know that recovery from a slump takes about 2-3 years so owners of Fennel 2 will be getting their keys at a point when the market is just about to begin a recovery. How many can hold on to their investments for a year or two without being able to sell or find tenants? On top of that its widely expected that the BLR will go up by 50 basis points in 2014 and a further hike is possible in 2015 if the slump hits. So we're looking at BLR rates of about 7.35%-7.60% by 2016. BLR takes time to come down. This is where the problem begins. Many of the investors in Fennel are not single property owners. Many have multiple properties. These will be hardest hit when interest rates rise and they cant sell / rent. But this problem is not limited to Fennel investors alone. It affects everybody (me included).
"


Fennel2 investors... how many of you can withstand har?? Shitla... there is a slump coming around 2016... i think im finished now... how how how? I should sell my funnels and cyberjaya properties...

Constructively speaking, why is there FIN? can't we makeaway without the FIN design? blocking view la...
why is the entrance opposite the temple? This makes the accessibility at a good location turning off la..
Taikor? what do u all think?

Aiyo... y after bought fennel start complaining ? Don't like the 1 min decision .., designs with fins , location.. etc don't buy loh. Am sure the buyers are not crazy dumping 1m into a property which is not good. Temples , cow's .. and other problems...don't you think Tamararind and saffron owners are not experiencing it as well ? And yet they can still transact it at close to 600 psf. Think about it. The 1mil question is whether these ppl can hold their properties when there's an economy crisis . Don't forget up till now foreign investors still thinks properties in MY are very cheap !

I dont think after 5 years aka vp, ppl will dump fennel at the price lower than current price.

Prices in everything will gone sky high in 5 years time.

Why?
We got gst 6%, we got subsidy removal policy, we got inflation, we got 2020 target...etc.
In long term, your cash 900k in 2013 worth only probably 650k in 2018.
Money value depreciates...

Buy now or you buy at min RM1000psf AFTER 5 years.
btw, anybody wan to let go their fennel unit... ?
interested buyer here

This post has been edited by berman517: Nov 19 2013, 12:29 PM

It is scary to see 1mil property is now viewed as mass mkt development. No one know wat ll happen in future but 1mil mark clearly not mass mkt especially we are talking abt standard family size unit not even big size condo.

As an investor i love to see price to go up. But also cautious tat the economy slow down ll make price stagnant if not go down. Investor mus hav the exit plan rather than keep thinking the price may go up.

Holding power is very important....

Like football...u need know how to attack...same time u need to know how to defend...

Almost everybody who invested in property in 2009 onwards made very good capital appreciation. The question you should be asking yourself is which part of the property cycle was that in?

So when money is eaten by inflation, would that increase the number of ppl who can afford high value properties or decrease when salaries remain stagnant? Owners can increase the price all they want but in the end there must be a buyer. Malaysia is currently a buyers market and this will get worse in the near future.

Everybody is looking at new launches and the number of ppl lining up to buy. But how many ppl are observing the secondary market? Are sales as good? Everybody assumes that they will be able to sell after VP as easily as they bought it during the launch. That's the main problem. Not many of the ppl who go around investing in new launches with the herd mentality have any idea what-so-ever- of the situation in the secondary market. They don't understand that the factors which helped them invest in new launches (DIBS, free SPA, free loan fees, no valuation, etc) are not gonna be present during subsale. Plus you will be competing against a few hundred other owners with the same intention. That's how it becomes a buyer's market.

This post has been edited by cybermaster98: Nov 19 2013, 01:23 PM

Go ahead. But I bet even after 10h u still won't get a unit. Go on, make us proud

Cowherd mentality is back. Long posting, same nonsense.

Sharing? What information are u sharing? What information have u shared? Other than comparing to this or that project? U ain't here to share. Ur here with a hidden agenda.

I oso want to know. Maybe grab free food onli?