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 V10 - Property Prices (Up, Down or .....), and the debate goes on and on and on ...

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zuiko407
post Mar 23 2013, 08:29 PM

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QUOTE(tat3179 @ Mar 23 2013, 08:26 PM)
Cheh, you think you are the only guy who follows propwall izzit...
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I'm not familiar with e-tiara, just copy and paste
zuiko407
post Mar 23 2013, 09:24 PM

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QUOTE(tat3179 @ Mar 23 2013, 08:37 PM)
I bought there because I subang lang. Easier to manage the unit when rented.

Only concern is that loads more other pricier development in the pipeline.
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Welcome to the world of property investment, that's one the reason I'm confidence price sustainable, the market always support by a group and another, and down camp are willing to support RM665 psf in subang jaya.
I can foresee more and more down camp will quietly buy, feel shame to make announcement due to too hardcore previously
zuiko407
post Mar 23 2013, 09:47 PM

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QUOTE(tat3179 @ Mar 23 2013, 09:41 PM)
I still do. In my opinion, props in kl city centre, mont kiara and damansara are insane.

And I NEVER said that I won't invest. I just said I won't touch anything more than 500k with a barge pole. biggrin.gif

Which is true. I only bought it as it is only 410k @ 617 sq feet.
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Mont Kiara is worth to buy; for certain built-up, location & development.
zuiko407
post Mar 23 2013, 09:56 PM

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After 'sampool', you're the 2nd person to 出卖 down camp. But it's ok, at least you admit, most down camp are keep looking around and survey, people without interested property will not lepak here, they will buy one at least, when price keep remain high or drop a little bit to make them feel happy, they will quietly buy
zuiko407
post Mar 23 2013, 10:04 PM

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QUOTE(tat3179 @ Mar 23 2013, 09:59 PM)
And which prop is that in Mont kiara?
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Plenty of choices in mont Kiara, other places may not easy to get foreign expat as tenant, but here you can see foreigner everywhere, Korean are the most among them, 2 international school just walking distance, branding, quality neibourhood, quality of workmanship, and most important the location
zuiko407
post Mar 23 2013, 10:05 PM

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QUOTE(tat3179 @ Mar 23 2013, 10:02 PM)
Mr Zuiko, the down camp, which I still belong to, have a point.

Prop prices in certain areas is not sustainable, especially the new launches.

I am still taking a risk, but at a risk that I think could bear.

The bubble might still burst.
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Many new launch still below 665psf
zuiko407
post Mar 23 2013, 10:34 PM

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QUOTE(EddyLB @ Mar 23 2013, 10:10 PM)
Hahahaha I suddenly feel very funny. For all you know, people like debtismoney, joeblow etc are buying properties behind our back trying to catch the last train. And people like zuiko, amint etc are also selling their properties in fear of the bubble burst

drool.gif  drool.gif
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Hahahaha
You like to joke
zuiko407
post Mar 23 2013, 11:02 PM

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Mr tat3179, your down camp don't trust u anymore, u make them disappointed tongue.gif
They feel disappointed not bcos u buy, is bcos u announce here, some more not cheap.
U should do it quietly like them

zuiko407
post Mar 24 2013, 12:35 AM

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QUOTE(sakura888 @ Mar 24 2013, 12:15 AM)
ahahahahahah this is really a good one !
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Any comment or opinion about his new baby @665psf ?
zuiko407
post Mar 24 2013, 12:59 AM

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QUOTE(ManutdGiggs @ Mar 24 2013, 12:51 AM)
Wow suddenly so happening!!!

Actually it's great to c ppl accepting current price especially some who can provide tonnes of data to support market down. Bravo.

But if 410k is not expensive, then is 665psf expensive???
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Bro,
if u apply RM665 psf to your existing properties, you make lot of money
zuiko407
post Mar 24 2013, 01:05 AM

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QUOTE(sakura888 @ Mar 24 2013, 01:01 AM)
mr gay man, why u like to assume one ? ( i dont assume you are gay because you always like to assume male people fall for you and being told u like to check male out from the "back" )

these days, you really become more desperate lah....no one is dissapointed with mr tat. you assume again, why u like to assume ? is this a gay quality ?  laugh.gif

later i say you, you get angry and go to the "back" play with moderator and ask moderator to play dirty and suspend people pulak...  brows.gif
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Don't scold me, please!
We're in the middle of discussing the current support level @665psf, let's discuss
zuiko407
post Mar 24 2013, 01:06 AM

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QUOTE(ManutdGiggs @ Mar 24 2013, 01:04 AM)
Indeed very true.  biggrin.gif
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I'm still calculating mine
zuiko407
post Mar 24 2013, 09:34 AM

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QUOTE(kochin @ Mar 24 2013, 09:12 AM)
I cant make up my mind......
Whether to laugh or to cry.....
Probably i would do both......
And i am also undecided .....
To congratulate you or to offer my condolences....
Nevertheless, i admire your honesty...
Salute!
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+100
Good morning everybody
zuiko407
post Mar 24 2013, 01:24 PM

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QUOTE(sakura888 @ Mar 24 2013, 12:42 PM)
hahahahahah, zuiko this must be for you lah.  thumbup.gif

but eddy are you saying you want to be gay ? "i never say i will not turn gay...." LOL

anyway, out of topic already...
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Relax la, this's forum discussion only.
I like to hear you opinion about the 665psf!
tongue.gif
zuiko407
post Mar 24 2013, 01:25 PM

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QUOTE(jing_kohkoh @ Mar 24 2013, 01:17 PM)
Vote down because the rental rate in KL city is much lower relatively against the price of the property itself compared to 5 years ago.
For example: a condo worth 300k in year 2008 can rent for rm1200 and now similar condo is sold for 550k but can rent out for rm1600-1800

the younger gen and middle class will not have enough holding power and if there is any negatve sign of economy, all middle class property will crumble. Just my opinion.
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I think now the down camp be able to answer you this
zuiko407
post Mar 24 2013, 01:40 PM

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QUOTE(kochin @ Mar 24 2013, 12:54 PM)
Again u fall into a dangerous category.
Those who do not drink might become an alcoholic one day bcos he cannot control the urges.
Those who do not womanise might abandon his wife one day bcos he never experience such lust.
Those who do not smoke might become a chain smoker bcos he cannot fight the addiction.
Those who do not indulge in gadgets or luxury goods/vehicle might one day be obsessed with it.
Am not saying it would happen to you but in all things, modesty is the best policy?
Again....admire your honesty mr. Lawyer.
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Those who do not buy might become most BBB in the market
zuiko407
post Mar 25 2013, 04:50 PM

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QUOTE(tat3179 @ Mar 25 2013, 03:50 PM)
You ask Appreciative Manlah why Mont Kiara some still empty...

He is bullish about that place....can get 7% rental yield while buying middle of last year.... biggrin.gif

Me, I am just happy even if it is 5.3%. At least above inflation rate of 4%.

Still need to park my cash somewhere else than equities, and sorry, gold is out for me...
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Im not promote mont kiara but have to clarify something, You have to understand the area, the development, the size and layout, can't fully rely on what people saying, or general data from the news.
You have understand the demand from Jln Kiara, Jln Kiara 3, Kiara 5, kiaramas hillside, and Solaris area. The built-up, the rental price range etc, not all are doing bad, the Korean and Japanese prefer to live with their own community, some condo full of Korean and some are majority Japanese.
For example; In kiaraville, you still can get gross 6.5% return with current subsales price. In Ceriaan, size between 1800-2200sf can still get decent return due to cheap entry price, and also opposite international school, whereas some other bigger size with asking above 9-10k rental not doing well.
You need to understand your target market for your e-tiara, student market? Or others? Foreigner expat will give you less less less and lesser problem compare to student, I have expat tenant for my condo in Bukit Jalil, u know how difficult to get this expat, compare to Mont Kiara, they are everywhere, MK still their top choices bcos the 2 international school, the environment, the quality of neibourhood etc.
You can't just concentrate on subang bcos you're staying there, as a investor, u need to study, survey and familiar other places in klang valley.

zuiko407
post Mar 25 2013, 05:11 PM

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QUOTE(tat3179 @ Mar 25 2013, 04:55 PM)
Fair enough, but I drove through there and Mont Kiara condos there appear like concrete mountains and contains a heck alot of units all competing for the expat market.

I mean they are not building low rises, but tall towers with hundreds and hundreds of units in one project. And there are many many projects there built already to me....

I mean, how many expats are there out there that is willing to rent all those units that there are out there...?  rclxub.gif

And the sub-sale prices ain't cheap man...
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You need to do your homework for getting the answer of all your question.
Without familiar with the place, the question will always on your head, u can also sell your existing unit, try to move here, I think you will love it, good for your children too
zuiko407
post Mar 25 2013, 05:19 PM

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QUOTE(tat3179 @ Mar 25 2013, 05:15 PM)
Nah, I lived in Subang almost all my life....too used to here already.

I prefer to stay in a double storey house than a condo.

Anyway, I bought that unit for investment, not to stay in.
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You can cheap cheap sell your double storey to me, and move in to your 617sf e-tiara
zuiko407
post Mar 25 2013, 09:11 PM

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QUOTE(Nikmon @ Mar 25 2013, 07:22 PM)
No big deal, even zeti said not bubble. The data is important eventhoug u ignore it. It show the we are at the top, higher debt.  We should feel proud of it, and without your, malayasia can't make to the top.  rclxms.gif
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You worry too much, bro

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