Welcome Guest ( Log In | Register )

Outline · [ Standard ] · Linear+

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

views
     
puchongite
post Feb 5 2013, 08:33 PM

20k VIP Club
*********
All Stars
33,655 posts

Joined: May 2008
Puchong property price increase, but it's not Puchong only lar ! So many other places also increase. If you say only Puchong "suddenly increase", it's kind of over jacking a bit.
puchongite
post Feb 6 2013, 09:42 AM

20k VIP Club
*********
All Stars
33,655 posts

Joined: May 2008
QUOTE(peri peri @ Feb 6 2013, 09:04 AM)
i go puchong for erotic food, maybe this is one of the factor why HIGH
*
Do you mind giving examples of "erotic food" ? Such as tortoise 水鱼, bats, crocodile meat or what ? sad.gif
puchongite
post Feb 6 2013, 10:08 AM

20k VIP Club
*********
All Stars
33,655 posts

Joined: May 2008
QUOTE(AMINT @ Feb 6 2013, 10:03 AM)
I thought that is exotic food? Erotic food means russians, china doll, vietnamese.  rclxms.gif
*
I guess in Puchong there is exotic and erotic food as well. So many not so highend hotels around. The problem is erotic food you don't really eat it, do you ? At most you just lick on it. Kekeke
puchongite
post Feb 7 2013, 10:41 AM

20k VIP Club
*********
All Stars
33,655 posts

Joined: May 2008
QUOTE(abgkik @ Feb 7 2013, 10:14 AM)
biggrin.gif

I have sold all my puchong props... and move out from puchong to KL city for better lifestyle...
cannot tahan wei with jam..
I purposely buy props at puchong as Pak Lah has planned to extend the LRT in 2006 and will be completed in 2009.. but was not happening.. however lucky there is another boost on last 2 years for LRT..
*
Specifically which part of Puchong props you sold ?

Move out from Puchong to KL city for better lifestyle ? brows.gif Maybe someone else will say he would move out from KL city to Puchong for better lifestyle .....

Obviously the meaning of lifestyle varies from people to people. Maybe you want to enlighten us what lifestyle you gain in KL city ?
puchongite
post Feb 7 2013, 11:58 AM

20k VIP Club
*********
All Stars
33,655 posts

Joined: May 2008
QUOTE(abgkik @ Feb 7 2013, 11:44 AM)
Bandar Punchong Jaya..

For me time management is important... near to city, near to LRT and less jam..  wink.gif
*
Ok agree that time saved in traveling would greatly improve lifestyle.


puchongite
post Jun 13 2013, 04:47 PM

20k VIP Club
*********
All Stars
33,655 posts

Joined: May 2008
QUOTE(jagjag @ Jun 13 2013, 03:09 PM)
Puchong  Puchong  why it called PUCHONG?????
Anyone...........
*
This one was explained to me by someone in this forum.

Puchong is a malay word for a type of bird.
puchongite
post Jun 14 2013, 09:36 AM

20k VIP Club
*********
All Stars
33,655 posts

Joined: May 2008
QUOTE(raja lau @ Jun 14 2013, 09:27 AM)
Anyone know which part of puchong is leasehold land and which part is freehold? Why prima tasik got so many lakes?
*
The lakes must be due to mining lar.

These days nobody seem to be worried about ex-mining land. All the properties around the mining land are selling as good as the non-mining ones.
puchongite
post Jun 14 2013, 09:47 AM

20k VIP Club
*********
All Stars
33,655 posts

Joined: May 2008
QUOTE(natman @ Jun 14 2013, 09:44 AM)
Mining landed can have lake view  biggrin.gif
*
Yeah they even do highrise in the area. The lake view becomes a selling point. biggrin.gif
puchongite
post Jun 14 2013, 10:00 AM

20k VIP Club
*********
All Stars
33,655 posts

Joined: May 2008
QUOTE(natman @ Jun 14 2013, 09:53 AM)
Developer should say ex mining lake view. all will run like chicken  laugh.gif
*
Perhaps yes, perhaps no. I think many people know the lakes in Puchong area are ex-mining.
puchongite
post Jun 14 2013, 10:20 AM

20k VIP Club
*********
All Stars
33,655 posts

Joined: May 2008
QUOTE(Chris Chew @ Jun 14 2013, 10:13 AM)
And many ppl do not bother it anymore.

I had a friend, 5-6 years ago when told him that project was on an ex mining land and selling moderately, he replied "yucks no wonder, then just cancel straight away"

Few months ago, he die die also want to buy Lakeside Residence and even loan not getting desire margin, he tried everything to use proxy, guarantor and bla bla bla to get 90% loan. When ask "this is ex mining land too" he replied " aiya dont bother la, should be no prob one or else why got so many people que and buy, its so hard to buy and macam kena lottery"

He was one of the property buyer that follow if people buy, he buy.
*
Yeah people's confidence on ex-mining is pretty high these days.

Actually it shouldn't be a problem as long as proper piling has been carried out. The soil movement underground should be minimal.

If one compares this with hill-side development, that's a lot more dangerous. Piling work today does not guarantee safety tomorrow because of possible landslide and underground soil movement.
puchongite
post Jun 14 2013, 10:36 AM

20k VIP Club
*********
All Stars
33,655 posts

Joined: May 2008
QUOTE(tzuen @ Jun 14 2013, 10:30 AM)
There's no way to stop the price increase in properties which include the recent flash flood at puchong / traffics / tolls  mad.gif  mad.gif
*
No difference. The flood incident like a grain of salt dropping into the sea.
puchongite
post Jun 14 2013, 12:22 PM

20k VIP Club
*********
All Stars
33,655 posts

Joined: May 2008
QUOTE(mroys@lyn @ Jun 14 2013, 12:17 PM)
traffic is good at puchong now.
don't expect the road is as clear as putrajaya.
morning peak and evening peak is normal.
*
Yeah I don't know what else people are expecting the traffic to be !

Sounds like people haven't been to Puchong for ages, and the old memories are still with them.
puchongite
post Jun 14 2013, 02:08 PM

20k VIP Club
*********
All Stars
33,655 posts

Joined: May 2008
QUOTE(tiensong @ Jun 14 2013, 02:06 PM)
Serdang better....=P
*
Serdang better jam is it ? cool2.gif
puchongite
post Jun 14 2013, 02:24 PM

20k VIP Club
*********
All Stars
33,655 posts

Joined: May 2008
QUOTE(tiensong @ Jun 14 2013, 02:15 PM)
do you think so?
*
Which part of serdang you are talking about ?

The jam at the so-called Puchong South is just UNBEARBLE !

puchongite
post Jun 14 2013, 02:45 PM

20k VIP Club
*********
All Stars
33,655 posts

Joined: May 2008
QUOTE(tiensong @ Jun 14 2013, 02:29 PM)
May I know where is Puchong South?  tongue.gif
*
Anything south of Puchong.

Especially the left hand area after LDP toll at Bukit Puchong, and the corner area at Jusco, Giant Seri Kembangan towards the LDP flyover.
puchongite
post Jun 14 2013, 03:04 PM

20k VIP Club
*********
All Stars
33,655 posts

Joined: May 2008
QUOTE(Mikken @ Jun 14 2013, 03:02 PM)
LRT will only be completed in October 2015. Another delay
*
Neck also long already man !
puchongite
post Jun 14 2013, 03:27 PM

20k VIP Club
*********
All Stars
33,655 posts

Joined: May 2008
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
*
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.

puchongite
post Jun 14 2013, 03:34 PM

20k VIP Club
*********
All Stars
33,655 posts

Joined: May 2008
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.
*
Maybe in bad times, banks also reluctant to approve refinance ?
puchongite
post Jun 14 2013, 03:47 PM

20k VIP Club
*********
All Stars
33,655 posts

Joined: May 2008
Please lar guys, I know the up-down thread is closed, but please don't move the up-down debate to here ! Kekeke.
puchongite
post Jun 14 2013, 04:15 PM

20k VIP Club
*********
All Stars
33,655 posts

Joined: May 2008
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.
*
If the option to refinance is still there at bad times, I am fully covered. Kekeke.


2 Pages  1 2 >Top
 

Change to:
| Lo-Fi Version
0.0229sec    0.81    7 queries    GZIP Disabled
Time is now: 10th December 2025 - 04:15 AM