For investment purposes, always lengthen your loan tenure. This reduces your monthly burden and improves your credit rating for future purchases. But if u have to lengthen the period just to afford the property then the property isnt for you. Same with car loans. Another thing to note is to always get loans without lock in period. This will allow u to flip or refinance.

If the bank valuation difference is more than 50K, then u better forget it especially in Damansara Perdana where there is a glut. Areas like DP, MK, etc will be hardest hit if property market crashes or drops. Always be a smart investor.

Has anybody heard of the development called Eight Sentral in Brickfields by MRCB?

Yup saw that. Not much info there.

Can we get back to discussing property?

If there is no change to the BLR, there will be no change to the interest offer rate. With so many gov crony companies getting involved in property these days, i dont see the BLR or the loan interest rates being revised anytime soon. If the BLR is increased, ull be seeing BLR-2.5% as the norm. But banks will tighten the loan qualification criteria for sure.

What do you guys think of Regalia off Jalan Kuching? Is it good for investment? Price already appreciated almost double since early launch in 2008 i think. Any room for further increase?

I too agree that properties near upcoming MRT/LRT stations are overated. Many developers are using this to hike up their prices like crazy. Dijaya's Tropicana Gardens is a classic example. I heard Tower 3 is going to be launched at around 1,200-1,300 psf (starting price). Imagine paying such prices for Kota Damansara and that too right at the back after Sunway Giza. This is clearly future prices which DIjaya is selling at. Do investors actually think actual market prices will hit 1,500 psf in that area by 2016? WIll bank actually value properties at that prices in 2016? For banks to do that, the actual market prices would need to be above that. And yet i hear thr's a long wait list already.

I dont think all properties near proposed MRT/LRT stations are overated. I think there are some reasonable ones out there. Not sure about others but i think developments like Kiara Residence 2, Bukit Jalil near Taman Yarl are quite alright. The new LRT station is just about 100m away. I bought 2 units there for about RM435 psf (after discount). Cheaper compared to other high end condos being constructed e.g KM1 West, KM1 East or Treez which are all RM600-700+ psf. Hope ill get decent appreciation by Q1 2016 when its completed.

Now im looking for another decently priced development. But majority are really expensive. Nova Subang is now going for around 900 psf. Damn!

I think the main question here is would the property market be able to sustain itself at its projected prices in 2015/2016 when more than 30K new condo units enter the market in Klang Valley? Has anybody noticed that bank valuations of new property launches have started to drop quite drastically in some areas? Is this a sign that the banks know something we dont?

Yup this i know. I was refering to a future event most closely associated with the 30K or so condo units coming into the market in 2015/2016.

Yes i guess so. I think the threat of the 2015/2016 period has become more real now when we see banks starting to drop valuations of new properties to reduce their exposure. And now we also have BNM re-evaluating the DIBS schemes. I think they realise that the property market in Malaysia is over-heating and developers are rushing to launch new developments at crazy prices without control. I still havent gotten over Tropicana Gardens in Kota Damansara launching at 1100-1150 psf and now they talking about Phase 3 at 1200-1300 psf. And yet investors are flocking to buy.

What do you guys think of Tropicana Metropark? Currently Phase 1 is almost sold out. Total 5 Phases with final completion date in 2025. Prices on the high side for sure. Close to 500K for a small studio unit.

First of all this is Tropicana Metropark not Tropicana Gardens. Secondly, i posted the question expecting logical and informative responses so kindly leave the sarcasm out of this discussion. Such remarks only serve to turn this thread into a 5th grade child's playground. This thread has been put into cold storage a few times already so lets all be a bit more mature in our remarks.

Leave the small man big man crap talk out of the forums. This is what i call unwanted sarcasm. Im not a noob when it comes to properties either and i post questions to get insight from other seasoned investors. So just stick to posting facts. This thread has been closed a number of times thanks to your comments which trigger unwanted responses from others in the forums. If everybody just talked facts, there wont be a need for bans. Its irritating to see the thread being closed because of of some foolish kid shooting his mouth off.

Cheers!

Every year there will be the normal inflation caused escalation in prices and property is not spared. We must be careful not to associate ALL price increases with a potential property bubble. Property bubbles are usually created after a prolonged period of sharp increases in prices which may not be sustainable in the long run. Im not sure if Klang Valley falls under this category or not. Yes we are seeing increases the past 6 years but does it qualify as a predecessor to a bubble?

Aren't u the one who has been always predicting a burst bubble every year? If ure this confident, why don't you give a specific year for this event rather than repeat the same call every few months?