You're right, you dont make real profit. For that unit, there will not be any profit at all, real or paper, because it is still unsold.

If that unit gets sold for the current asking price, then all previous buyers get paper profit. Then the question is if it will be sold for that price.

For that, then one has to look at the current price for still available units in Block A and B. If psf price of this particular unit is higher than the ones available in A & B, then its obvious that the paper gain is artificial. However, if the psf is similar to what is available still in A & B (which a simple look at the sales chart will tell you if it is or not), then its more real. The conclusion then is that currently, for someone to want to buy a unit in Fennel, either Blocks A or D, then they will have to pay >10% higher price than what they could have had should they have bought it in July (Block B nonwithstanding coz it was only launched last month, with a launch price already of about 10% higher, and even more for KLCC view. And more importantly, almost 90% sold). And note that the leftover units in A & D are only opened back up < 2 weeks ago.

Thus for buyers, this sounds good. Paper profit is better than no profit. In fact, any profit from property price increase is all on paper....till you sell it.
For 10% paper profit in 5 months, I'm sure all buyers are looking forward till the next 4 years!

....but this project had DIBS.

And 1 year holding cost during construction, even if there is no DIBS will be BLR-2.4/2.5 of the disbursed amount, not nearly close to 10%.

Well I don't consider myself in either of the camps. All ive said is for investors to be selective in the properties they invest in and to ensure they have the holding power to sustain their investments through an property slump. If they can, then any of the property developments out there would appreciate given a certain time frame.

If anybody wants to pour cold water on my investments, not an issue. Just back it up with valid points / discussions. If their points hold true then its obvious ive made a mistake but if I ask them to be silent I would never learn. This is critical thinking at its best and it should always be encouraged.

My last investment was at Kiara Residence 2, Bukit Jalil. Purchased 2 high floor units (1457sf & 1490sf) at RM435 psf this year. Comes semi furnished with DIBS and 3 individual carparks each. Completion early 2016. New LRT station right next to the condo. Its the cheapest among the surrounding new developments (except KR1). I haven't given the slightest thought to paper gain despite the developer raising prices for new release units cuz I know paper gain holds no weight in the future market. Does anybody think this was an unwise investment? 

It seems UUU and DDD is where most threads are coming to right now. While I dont like to participate in those discussion because its always an ego fight, it irked me to no end of certain things, hence this also turned into one of those.

This article spells trouble for property outlook in the short-term....

http://www.theedgemalaysia.com/highlights/...lden-goose.html