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

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Chris Chew
post Jun 14 2013, 02:56 PM

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QUOTE(mroys@lyn @ Jun 14 2013, 01:47 PM)
station 5 near furniture mall won't be built due to protest for residents.
zest is closer to station 4 rite?
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Zest is next to STATION 3 : Bdr Kinrara. Approximately 400-500 metres away from Zest Point Shop.

STATION 4 : Giant Kinrara is directly in front of Giant Kinrara, very near with STATION 3, I think station to station about less than a km.

Yes, STATION 5 : Kws Perindustrian Kinrara was told had cancelled and put on as reserve station mode. However, I saw the contractors doing land clearing and building 2 small bridges ( not sure whether it is to support LRT construction or just a pedestrian walk )
Mikken
post Jun 14 2013, 03:00 PM

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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.
Mikken
post Jun 14 2013, 03:02 PM

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LRT will only be completed in October 2015. Another delay
puchongite
post Jun 14 2013, 03:04 PM

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QUOTE(Mikken @ Jun 14 2013, 03:02 PM)
LRT will only be completed in October 2015. Another delay
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Neck also long already man !
coolFreak
post Jun 14 2013, 03:05 PM

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QUOTE(puchongite @ Jun 14 2013, 03:04 PM)
Neck also long already man !
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just imagine 2 years only. owmmmmmmmmh
Selectt
post Jun 14 2013, 03:08 PM

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QUOTE(puchongite @ Jun 14 2013, 10:36 AM)
No difference. The flood incident like a grain of salt dropping into the sea.
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i disagree. it will definitely impact me as investor or owner. if you are one of the driver that was trapped in that flood, your car needs complete overhaul. Saw a BMW 5 series stranded in the flooded highway, its a horror. imagine the waste of time and money. You dont know what will happen in future, and this flood already show the bad signs. Whether you buy for ur own stay or invest, u certainly want to avoid flood area.

m2c
Mikken
post Jun 14 2013, 03:13 PM

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QUOTE(puchongite @ Jun 14 2013, 04:04 PM)
Neck also long already man !
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Problem with Bandar Puteri part. Bandar Kinrara seemed to be progressing very smoothly. another 2 and half years. Zest SA told me in 2009 that LRT will be completed by 2012. Now end of 2015. Oh well
Far-KingOfSorts
post Jun 14 2013, 03:14 PM

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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
RedDevils88
post Jun 14 2013, 03:19 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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have a look at Taipei's property price and see.
Mikken
post Jun 14 2013, 03:22 PM

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QUOTE(Far-KingOfSorts @ Jun 14 2013, 04:14 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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Nice, so property prices will go down from 500k to 200k or 100k? So nice, can get 15% yield. Everyone go bankrupt and will start rioting. Better buy lots of agri land now and plant vege and rear chicken.
puchongite
post Jun 14 2013, 03:27 PM

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QUOTE(Selectt @ Jun 14 2013, 03:08 PM)
i disagree. it will definitely impact me as investor or owner. if you are one of the driver that was trapped in that flood, your car needs complete overhaul. Saw a BMW 5 series stranded in the flooded highway, its a horror. imagine the waste of time and money. You dont know what will happen in future, and this flood already show the bad signs. Whether you buy for ur own stay or invest, u certainly want to avoid flood area.

m2c
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You are fully entitled to have a different view compared to mine. smile.gif

There is not much to invest anymore in that area affected by the flood.

The skypod was closed to it, but it was not affected by the flood.

Yes, you might say it could affect skypod sales, but I think before the incident, the skypod sales was already 7788, and IOI managed to sell it towards 8899 after the incident. This is a proof of what I am trying to say.

Yes, there will be individuals who remember this incident very strongly but I am just saying people in general are very forgetful. Yes they remember it but over time, their feel for it is not strong anymore.

Just my view anyway.

Chris Chew
post Jun 14 2013, 03:32 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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For those who have properties, they can refinance it and cash out to hold the living for 1 or few years.

For those no property and no cash, they are even more suffering without further options as the whole economy die too and more than 50% could be out of job.
puchongite
post Jun 14 2013, 03:34 PM

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QUOTE(Chris Chew @ Jun 14 2013, 03:32 PM)
For those who have properties, they can refinance it and cash out to hold the living for 1 or few years.

For those no property and no cash, they are even more suffering without further options as the whole economy die too and more than 50% could be out of job.
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Maybe in bad times, banks also reluctant to approve refinance ?
idoblu
post Jun 14 2013, 03:36 PM

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puchong is good but to be great it needs a cool name like desa park city laugh.gif

This post has been edited by idoblu: Jun 14 2013, 03:38 PM
Selectt
post Jun 14 2013, 03:39 PM

wattttt!!
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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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haha, another down-camper. you have no idea how many rich people out there remain unaffected by your "property price burst".
Mikken
post Jun 14 2013, 03:43 PM

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QUOTE(Selectt @ Jun 14 2013, 04:39 PM)
haha, another down-camper. you have no idea how many rich people out there remain unaffected by your "property price burst".
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On the contrary, I think property prices will be in for another upward cycle. Lookout for the Mainlaind Chinese and Singaporeans. 500k threshold is too little now.
SUStikaram
post Jun 14 2013, 03:46 PM

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QUOTE(Far-KingOfSorts @ Jun 14 2013, 04:14 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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Brother...wow.... u are going to get hantam by saying that so directly in a property forumn... can said it loud at mamak...not here la. laugh.gif
Chris Chew
post Jun 14 2013, 03:47 PM

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QUOTE(puchongite @ Jun 14 2013, 03:34 PM)
Maybe in bad times, banks also reluctant to approve refinance ?
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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.
puchongite
post Jun 14 2013, 03:47 PM

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Please lar guys, I know the up-down thread is closed, but please don't move the up-down debate to here ! Kekeke.
Maximo1
post Jun 14 2013, 03:50 PM

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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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