QUOTE(Nikmon @ Mar 19 2013, 08:05 PM)
Not difficult, as long as latest transaction price is higher than previous transaction for similar unit, it consider up, Vice vesar.
Just ignore the asking price
Like this is not fair bro. one owner may sell higher or lower than another. so how do you categorize this? I give u one example. I have been looking for a shoplot in one area (not in KV)
Lot A: asking price RM680K, Rental RM3300/monthly
Lot B (next to A only): asking price RM810K, Rental RM3600/monthly
Lot C (in another row but not so far from Lot A and B): asking price: RM600K, Rental RM2800/month
Bank valuation for all stucked at: RM600K.
So how do you categorize this? You will also pening, I guarantee you.
a) If I buy Lot A, would you say the market has dropped? Valuation is still below asking price. 85% loan only. But ROI is at 5.8%
b) If I buy Lot B, what is your comment pulak? Valuation is still below asking price., Same 85% loan. ROI is at 5.3%
c) If I buy Lot C, what is your comment pulak? Valuation is at par with asking price. Same 85% loan. ROI is at 5.6%
Not easy to categorize this part
None of the owners are willing to reduce the price because all said rental can cover installment. All are confident that rental can go even higher.so if one would wanna buy, asking price will be transacted price. owner's way or the highway.
This post has been edited by AMINT: Mar 20 2013, 06:43 AM