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Investment Why sudden increase in property prices at Puchong?, Why Puchong??

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idoblu
post Jun 14 2013, 03:52 PM

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QUOTE(Maximo1 @ Jun 14 2013, 03:50 PM)
On map, Puchong is right geography center of KV. I think this factor is very important and it creates so many potential factors for Puchong.
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like i always said - all roads leads to puchong
Mikken
post Jun 14 2013, 04:07 PM

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QUOTE(Chris Chew @ Jun 14 2013, 04:47 PM)
It could be. Banks would not be reluctant at all, but only could be stricter if economy is very bad, because under BNM, banks are the main forces to push up the cash available to the country and support the government for acts.

However, it is part of the options available to my statement.

In bad economy, it can be the property price drop from bullish market, RM 600k to RM 400k, but value could be middle at RM 500k ( before subsequently drop later stages ) and if one is commitment not so heavy, he has the option to refinance the property based on RM 500k valuation although he cant sell the property at RM 400k.

If based on today's bullish market. The prop market value is RM 500k, but seller is over-bullish to ask RM 600k, so it's seller-buyer market. If no one buy the property at RM 600k and then 500k, it doesn't mean the property should value at RM 400k unless frequent transactions of the whole area, subsequently to the whole property outlook, which takes time for immediate effect.

That's why a lot of people always thought their property high selling price is always the price that should be value by banks or valuers. A prop valued at RM 700k 12 months ago, seller asking RM 770k. When few transactions made in good market, the value reached RM 800k and by the time it had reached, the seller asking price is RM 850-900k and claimed their properties were so hot until increase from RM 700k to RM 800k sold out easily for time being.

It is vice versa when the property prices drop heavily ( or speedily ) against valuation which drop even slower than it in the bad market, which we wouldnt wanted to see.
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Chris Taiko, when want to publish book like Pai notworthy.gif
Selectt
post Jun 14 2013, 04:10 PM

wattttt!!
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QUOTE(puchongite @ Jun 14 2013, 03:47 PM)
Please lar guys, I know the up-down thread is closed, but please don't move the up-down debate to here ! Kekeke.
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haha +1.
Mikken
post Jun 14 2013, 04:11 PM

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Any idea why the thread is closed?
puchongite
post Jun 14 2013, 04:15 PM

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QUOTE(Chris Chew @ Jun 14 2013, 03:47 PM)
It could be. Banks would not be reluctant at all, but only could be stricter if economy is very bad, because under BNM, banks are the main forces to push up the cash available to the country and support the government for acts.

However, it is part of the options available to my statement.

In bad economy, it can be the property price drop from bullish market, RM 600k to RM 400k, but value could be middle at RM 500k ( before subsequently drop later stages ) and if one is commitment not so heavy, he has the option to refinance the property based on RM 500k valuation although he cant sell the property at RM 400k.

If based on today's bullish market. The prop market value is RM 500k, but seller is over-bullish to ask RM 600k, so it's seller-buyer market. If no one buy the property at RM 600k and then 500k, it doesn't mean the property should value at RM 400k unless frequent transactions of the whole area, subsequently to the whole property outlook, which takes time for immediate effect.

That's why a lot of people always thought their property high selling price is always the price that should be value by banks or valuers. A prop valued at RM 700k 12 months ago, seller asking RM 770k. When few transactions made in good market, the value reached RM 800k and by the time it had reached, the seller asking price is RM 850-900k and claimed their properties were so hot until increase from RM 700k to RM 800k sold out easily for time being.

It is vice versa when the property prices drop heavily ( or speedily ) against valuation which drop even slower than it in the bad market, which we wouldnt wanted to see.
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If the option to refinance is still there at bad times, I am fully covered. Kekeke.

Selectt
post Jun 14 2013, 04:16 PM

wattttt!!
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QUOTE(puchongite @ Jun 14 2013, 04:15 PM)
If the option to refinance is still there at bad times, I am fully covered. Kekeke.
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last option... u have life insurance bukan? brows.gif jk jk
liam_emmet
post Jun 14 2013, 07:16 PM

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QUOTE(Selectt @ Jun 14 2013, 05:16 PM)
last option... u have life insurance bukan? brows.gif jk jk
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so wat they gonna do? pigi jadi man of steel? lol
SUSUFO-ET
post Jun 14 2013, 09:00 PM

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QUOTE(Far-KingOfSorts @ Jun 14 2013, 03:14 PM)
wait a few more years.. property bubble burst. deficit will go out of control. more ppl go bankrupt and property price will go down like ripe durian...  tge property owners will go bankrupt first. smile.gif
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I AGREE!
woolei
post Jun 14 2013, 09:18 PM

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QUOTE(Mikken @ Jun 14 2013, 03:00 PM)
StarProperty’s map of LRT extension stations
Posted on May 3, 2013 - Featured, Investment.
The LRT extension project covers both the 17km Kelana Jaya line and the 17.7km Ampang line. Both lines are already in construction. The extension includes a total of 25 stations and 14 park-and-ride facilities.

The extension for the Kelana Jaya Line is scheduled for completion on December 2015 while the Ampang Line by October 2015.

StarProperty.my has plotted the locations of the upcoming LRT extension stations, running from Kelana Jaya and Bukit Jalil to Putra Heights, on the Google map below.
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delay again yawn.gif yawn.gif yawn.gif

i predict the rental will be 1.5x for the condo/apartment below:

the rental for the condo below will bomb!

bukit oug condo & near by
oug height
setiawalk condo
bandar puteri apartment area
skypod ioi
the zest condo
parklane oug apartment
millennium city & vistaria condo
aurora puchong
desa impiana
desa idaman
the wharf


mango27
post Jun 15 2013, 07:22 AM

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QUOTE(Maximo1 @ Jun 14 2013, 03:50 PM)
On map, Puchong is right geography center of KV. I think this factor is very important and it creates so many potential factors for Puchong.
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to add on to this... picture paints a thousand words...

Attached Image

see its neighboring areas, Subang, PJ, Bkt Jalil, Cyberjaya, Putrajaya... all "Ong" area... also its south so its nearer to KLIA compared to Damansara and Kepong areas...

This post has been edited by mango27: Jun 15 2013, 07:23 AM
savants
post Jun 15 2013, 11:25 AM

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QUOTE(mango27 @ Jun 15 2013, 07:22 AM)
to add on to this... picture paints a thousand words...

Attached Image

see its neighboring areas, Subang, PJ, Bkt Jalil, Cyberjaya, Putrajaya... all "Ong" area... also its south so its nearer to KLIA compared to Damansara and Kepong areas...
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People like going south... especially guys... they always go south 1st rclxms.gif
AMINT
post Jun 15 2013, 11:44 AM

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QUOTE(savants @ Jun 15 2013, 11:25 AM)
People like going south... especially guys... they always go south 1st  rclxms.gif
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Ini double meaning ni. Kakaka
savants
post Jun 15 2013, 01:33 PM

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QUOTE(AMINT @ Jun 15 2013, 11:44 AM)
Ini double meaning ni. Kakaka
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Ayoo... u ah... brows.gif banyak jahat abang..
jagjag
post Jun 17 2013, 10:14 AM

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Bandar Kinrara, Puchong landed ( esp 2 storey terrace ) the price will stay like this or up again or go down after another year...wat u guys think ????
AMINT
post Jun 17 2013, 10:16 AM

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QUOTE(savants @ Jun 15 2013, 01:33 PM)
Ayoo... u ah...  brows.gif banyak jahat abang..
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tongue.gif
AMINT
post Jun 17 2013, 10:17 AM

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QUOTE(jagjag @ Jun 17 2013, 10:14 AM)
Bandar Kinrara, Puchong landed ( esp 2 storey terrace ) the price will stay like this or up again or go down after another year...wat u guys think ????
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Once lrt completed, what do u think will happen? Of course go up. Once the Malton (same developer for Pavilion) big mall completed, what do u think will happen? Most likely go up again.
jagjag
post Jun 17 2013, 10:25 AM

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QUOTE(AMINT @ Jun 17 2013, 10:17 AM)
Once lrt completed, what do u think will happen? Of course go up. Once the Malton (same developer for Pavilion) big mall completed, what do u think will happen? Most likely go up again.
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But landed like BK 4 & 5, do u think will affected by lrt or the mall ??? i am not at doubt but trying to seek some good opinion cuz i am monitoring the price there n hope to stay in a landed one day in this area..
Wat i know now the unit age >10yrs oso selling 600-700K ...go up , mean even a 15yrs unit will goin for like 800K in another few yrs....
AMINT
post Jun 17 2013, 10:28 AM

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QUOTE(jagjag @ Jun 17 2013, 10:25 AM)
But landed like BK 4 & 5, do u think will affected by lrt or the mall ??? i am not at doubt but trying to seek some good opinion cuz i am monitoring the price there n hope to stay in a landed one day in this area..
Wat i know now the unit age >10yrs oso selling 600-700K ...go up , mean even a 15yrs unit will goin for like 800K in another few yrs....
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definitely bro. I believe all landed in KV good location will hit minimum rm1mil very soon. doesnt matter old or new. pity those who just graduated. sorry guys, you got to stay in small high rise. moderate size high rise also now rm500k like that

This post has been edited by AMINT: Jun 17 2013, 10:29 AM
jagjag
post Jun 17 2013, 10:32 AM

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QUOTE(AMINT @ Jun 17 2013, 10:28 AM)
definitely bro. I believe all landed in KV good location will hit minimum rm1mil very soon. doesnt matter old or new. pity those who just graduated. sorry guys, you got to stay in small high rise. moderate size high rise also now rm500k like that
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Wow...judge by your comment, i need to get a unit now or else i need to become a millionaire to stay in BK landed property....OK it s a good thing actually even the price shoot up like this..mean our economic is good and no one will lose $$ buying this properties eventhough it will affect the not so high income earner like me.... biggrin.gif
So i need to work hard to earn more $$$$.... doh.gif
puchongite
post Jun 17 2013, 10:40 AM

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QUOTE(jagjag @ Jun 17 2013, 10:32 AM)
Wow...judge by your comment, i need to get a unit now or else i need to become a millionaire to stay in BK landed property....OK it s a good thing actually even the price shoot up like this..mean our economic is good and no one will lose $$ buying this properties eventhough it will affect the not so high income earner like me.... biggrin.gif
So i need to work hard to earn more $$$$.... doh.gif
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The Government is supposed to develop many units of PR1Ma house. Looks like the market has no confidence that these will take off or be realized. It's not helping to contain the property prices.

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