For those of you buying purely to flip upon obtaining VP in 2015/2016, what kind of price psf are you expecting?

The problem which plagues new developments are those buying purely for investment either rental yield or capital appreciation. Many of them have the ability to pay downpayments (especially under DIBS) but lack the holding power when the units cant be sold at the predicted prices or rental cant cover the loans. That's when they start dumping the units at below market prices and this brings down the overall value of the property.

Any subsales being transacted yet? Im more interested in actual subsales as that is a reflection of the actual market conditions. Sales of new launches do not reflect the reality on the ground. If a developer manages to achieve 90% sales that doesnt mean that investors will get good capital appreciation upon VP.

RM 660psf. What was the original purchase price of this unit?

Did your friend get a 90% loan for this unit he purchased?

Ok so this doesnt quite tell you the market rates of the condo since he didnt get a loan and i suppose no obligation to do a property valuation.

Whats the valuation for KR1 and subsequently your thoughts on pricing for KR2 in early 2016?

100-150psf profit isnt much?

Ru sure? 8xx psf in 2016 with the current stagnation/slump and banks already tightening lending? If 8xx psf in this area in 2016, then what will the prices be in other prime areas? Who's gonna buy subsales at these prices when there are no discounts, free SPA, free legal fees, etc that new launch buyers are enjoying (to a certain extent)? How many ppl can actually afford to buy at such prices? Even now there are many condo's in Mont Kiara that are half empty with no tenants while owners are finding it hard to offload especially the bigger units.

Yes agreed. The KV market in general is moving away from big units simply due to affordability. Ppl dont mind paying 500K for a pigeon hole compared to 1 million for a 1500 sf unit. The psf is not so important for them any longer. Its all about affordability. Thats why i dont see prices in Bukit Jalil ever breaching the RM800 psf levels in the near future. We are no longer in the 2009-2010 bull market. 2012 was the tail end of the bull market with 2013 showing signs of stagnation and softening. Only the new launches were enjoying good take up rates while subsales were dropping. Now in 2014, even the new launches are slowing down drastically. These are all signs that we're heading for a slow down. How long it lasts and how bad it will be is anybody's guess.

2014 is not going to be a good year for many Malaysians. Rising inflation brought about by the rising prices of essential goods will eat into income leaving less disposable income for investment / property purchase. This would mean that the pool of investors capable of buying bigger / higher end condo's in the subsale market would be greatly reduced. Property owners can advertise their properties at whatever prices they wish but ultimately we still need purchasers who can afford to buy at those prices and get loans in the process.

I think a good indicator for Bukit Jalil would be the Kiara Residence 1 condo (which many of us are monitoring closely). If subsales here are poor in 2014, then we know what to expect for the other condo's.

We shouldnt count our eggs before they are hatched especially in the current economic climate.