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

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AppreciativeMan
post Mar 23 2013, 10:10 PM

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QUOTE(tat3179 @ Mar 23 2013, 10:03 PM)
Not familiar with that place. Also, there are projects that claim at they are in Mont Kiara when they are not.

Finally, what are the rental yield like?
*
Not familiar Mont Kiara then u say Mont Kiara over price?
One Mont Kiara along Jln Kiara u kno where or not?.....
biggrin.gif biggrin.gif biggrin.gif
I hope tat your asking is not with an intention of finding fault.
I'm getting 7% gross after including cost furnishing and legal fees.....
SUStat3179
post Mar 23 2013, 10:17 PM

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QUOTE(JudgeDredd @ Mar 23 2013, 10:06 PM)
But when you say Mont kiara price is insane I assume u should know quite well.

By the way I think Subang at 600psf is really a bit high.
*
Like I said I bought subang because I know subang.

Condos in subang is not as high density as mont kiara, which is very densely built in my observation, compared to subang which is more spread out.

The prices are in mont kiara is higher from subang prices considering that they do not have colleges to sustain amount of condos there.
SUStat3179
post Mar 23 2013, 10:23 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
*
The problem with you bbb people is that you assume too much.

You assume that they have never invested in props before and that they will not seize an opportunity when it suits them.

You also assume that what they say is not true. Props prices in Malaysia is overpriced and we may well be in a bubble.

Does it mean at in a bubble a bargain cannot be had? Of course not.

I didn't buy because I jump to every developer's hype of a launch.

Also, I stick to my principle when buying. I don't look to square feet when I buy. I look at the amount that I need to fork out and the rental yield so if the shit really hits the fan and I am right, I have the holding power to hold the prop.

That is why I said I don't buy props above 500k

SUStat3179
post Mar 23 2013, 10:28 PM

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QUOTE(AppreciativeMan @ Mar 23 2013, 10:10 PM)
Not familiar Mont Kiara then u say Mont Kiara over price?
One Mont Kiara along Jln Kiara u kno where or not?.....
biggrin.gif  biggrin.gif  biggrin.gif
I hope tat your asking is not with an intention of finding fault.
I'm getting 7% gross after including cost furnishing and legal fees.....
*
Don't be so smug.

I said I am not familiar with your development, not that I don't know mont kiara biggrin.gif .

Anyway, I checked the props all and non of your condos is selling below 500k for both I-zen 1 & 2.

So yeah to me it is overpriced sub sale wise.

For all I know that you have bought your props before the prices shoot up to insane levels.

The prop I bought could give at least 12% return now, provided you bought it 5 years ago.

Now at best 5.3%.

So yeah, I still say the prop prices is too high.
JudgeDredd
post Mar 23 2013, 10:29 PM

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QUOTE(tat3179 @ Mar 23 2013, 10:23 PM)
The problem with you bbb people is that you assume too much.

You assume that they have never invested in props before and that they will not seize an opportunity when it suits them.

You also assume that what they say is not true. Props prices in Malaysia is overpriced and we may well be in a bubble.

Does it mean at in a bubble a bargain cannot be had? Of course not.

I didn't buy because I jump to every developer's hype of a launch.

Also, I stick to my principle when buying. I don't look to square feet when I buy. I look at the amount that I need to fork out and the rental yield so if the shit really hits the fan and I am right, I have the holding power to hold the prop.

That is why I said I don't buy props above 500k
*
But when I read through all posts, down group also assume all up group people are agents or flippers?

Same species?
AMINT
post Mar 23 2013, 10:31 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
*
Hahahaha. I have been buying bro but i am not following my standard way in order to try out new things. But i have been extra cautious these days. Buy where i am really2 confident. 50% confident also i wont buy coz i cant afford mistakes. Not so rich like taikors here.
AMINT
post Mar 23 2013, 10:33 PM

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QUOTE(tat3179 @ Mar 23 2013, 10:28 PM)
Don't be so smug.

I said I am not familiar with your development, not that I don't know mont kiara  biggrin.gif .

Anyway, I checked the props all and non of your condos is selling below 500k for both I-zen 1 & 2.

So yeah to me it is overpriced sub sale wise.

For all I know that you have bought your props before the prices shoot up to insane levels.

The prop I bought could give at least 12% return now, provided you bought it 5 years ago.

Now at best 5.3%.

So yeah, I still say the prop prices is too high.
*
If u look closely, u can still find 7% onwards but not many though. Bank valuations at these areas are usually lousy. Need lots of money upfront to buy.
SUStat3179
post Mar 23 2013, 10:33 PM

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QUOTE(JudgeDredd @ Mar 23 2013, 10:29 PM)
But when I read through all posts, down group also assume all up group people are agents or flippers?

Same species?
*
Because you do sound like agents and flippers.

Down camp never claimed that they are too broke to purchase props or did not invest in props.

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
*
Hahahaha
You like to joke
AppreciativeMan
post Mar 23 2013, 10:36 PM

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QUOTE(tat3179 @ Mar 23 2013, 10:28 PM)
Don't be so smug.

I said I am not familiar with your development, not that I don't know mont kiara  biggrin.gif .

Anyway, I checked the props all and non of your condos is selling below 500k for both I-zen 1 & 2.

So yeah to me it is overpriced sub sale wise.

For all I know that you have bought your props before the prices shoot up to insane levels.

The prop I bought could give at least 12% return now, provided you bought it 5 years ago.

Now at best 5.3%.

So yeah, I still say the prop prices is too high.
*
laugh.gif laugh.gif laugh.gif
Dude, u really eating lots of your own words ya.....
Don't assume!
I bought it 4-5 mths back only ok....
Where u check? Online prop website?..... Is tat a transacted price or asking price?
U really hav a great entertainment for many forummer here tonight..... rclxms.gif rclxms.gif rclxms.gif
SUStat3179
post Mar 23 2013, 10:36 PM

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QUOTE(AMINT @ Mar 23 2013, 10:33 PM)
If u look closely, u can still find 7% onwards but not many though. Bank valuations at these areas are usually lousy. Need lots of money upfront to buy.
*
Not impossible, but close to it.

The prices just went up too much for rentals to cover.

Me, I just buy it partly to give it to my daughter so that she may have own place to live in when she grows up.

Rental is bare minimum only frankly. Only saving grace is that it should be easy to rent out.

Even at 410k it is still overpriced. But hey, what can you do? See an opportunity and just grab it.

At least it is not that insanely high.
SUStat3179
post Mar 23 2013, 10:39 PM

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QUOTE(AppreciativeMan @ Mar 23 2013, 10:36 PM)
laugh.gif  laugh.gif  laugh.gif
Dude, u really eating lots of your own words ya.....
Don't assume!
I bought it 4-5 mths back only ok....
Where u check? Online prop website?..... Is tat a transacted price or asking price?
U really hav a great entertainment for many forummer here tonight.....  rclxms.gif  rclxms.gif  rclxms.gif
*
Like I said, I don't look into any price except the prices for sale.

I just did an impromptu search at propwall.

Nothing below 500k.

As far as I am concerned, you are buying an overpriced property that could be liable for correction.

Mine as well. I am buying mine because I know worse comes to worse I can hold it.
AppreciativeMan
post Mar 23 2013, 10:44 PM

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QUOTE(tat3179 @ Mar 23 2013, 10:39 PM)
Like I said, I don't look into any price except the prices for sale.

I just did an impromptu search at propwall.

Nothing below 500k.

As far as I am concerned, you are buying an overpriced property that could be liable for correction.

Mine as well. I am buying mine because I know worse comes to worse I can hold it.
*
Bargain prop for prime location or unit u don't need advertisement!
Those tat still need to advertise or going into auction are hardly prime location or units.
JudgeDredd
post Mar 23 2013, 10:47 PM

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QUOTE(tat3179 @ Mar 23 2013, 10:33 PM)
Because you do sound like agents and flippers.

Down camp never claimed that they are too broke to purchase props or did not invest in props.
*
Sorry but I'm not agent or flipper. I just want to buy a house to call it home. Mr. Please don't simply accuse la. Cool.
SUStat3179
post Mar 23 2013, 10:50 PM

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QUOTE(AppreciativeMan @ Mar 23 2013, 10:44 PM)
Bargain prop for prime location or unit u don't need advertisement!
Those tat still need to advertise or going into auction are hardly prime location or units.
*
Or if you are lucky like I am this round.

Problem is, it does not happen that easily.

otherwise people would not be complaining of too high prices.

Also, tell me, does your unit rent out easily, honestly.

Bear in mind mont kiara is packed with condos.

I only risk buying mine because I know I have a steady supply of students willing to rent my unit.

Yield is not good compared to the price I paid.
AMINT
post Mar 23 2013, 10:56 PM

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QUOTE(tat3179 @ Mar 23 2013, 10:36 PM)
Not impossible, but close to it.

The prices just went up too much for rentals to cover.

Me, I just buy it partly to give it to my daughter so that she may have own place to live in when she grows up.

Rental is bare minimum only frankly. Only saving grace is that it should be easy to rent out.

Even at 410k it is still overpriced. But hey, what can you do? See an opportunity and just grab it.

At least it is not that insanely high.
*
What u say has some valid points. Sometimes i would think x100 to buy just for rental. ROI is mostly low then some more need to declare. Not really lucrative at this current moment. Unless confident rental can go up fast or capital goes up fast. If stagnant only, better put money elsewhere especially when if u r a bumi.
JudgeDredd
post Mar 23 2013, 10:56 PM

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QUOTE(tat3179 @ Mar 23 2013, 10:39 PM)
Like I said, I don't look into any price except the prices for sale.

I just did an impromptu search at propwall.

Nothing below 500k.

As far as I am concerned, you are buying an overpriced property that could be liable for correction.

Mine as well. I am buying mine because I know worse comes to worse I can hold it.
*
You mean others can't hold but only you?
EddyLB
post Mar 23 2013, 10:57 PM

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QUOTE(tat3179 @ Mar 23 2013, 10:23 PM)
The problem with you bbb people is that you assume too much.

You assume that they have never invested in props before and that they will not seize an opportunity when it suits them.

You also assume that what they say is not true. Props prices in Malaysia is overpriced and we may well be in a bubble.

Does it mean at in a bubble a bargain cannot be had? Of course not.

I didn't buy because I jump to every developer's hype of a launch.

Also, I stick to my principle when buying. I don't look to square feet when I buy. I look at the amount that I need to fork out and the rental yield so if the shit really hits the fan and I am right, I have the holding power to hold the prop.

That is why I said I don't buy props above 500k
*
Samy Vellu, you are actually assuming too much too. I am not BBB nor bubble people. But I am HHH (hold hold hold) people, ie don't buy and don't sell people laugh.gif
EddyLB
post Mar 23 2013, 11:01 PM

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QUOTE(AMINT @ Mar 23 2013, 10:31 PM)
Hahahaha. I have been buying bro but i am not following my standard way in order to try out new things. But i have been extra cautious these days. Buy where i am really2 confident. 50% confident also i wont buy coz i cant afford mistakes. Not so rich like taikors here.
*
QUOTE(zuiko407 @ Mar 23 2013, 10:34 PM)
Hahahaha
You like to joke
*
He just make me feel black could be white, and white could be black laugh.gif
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


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