The sheer number of auctions makes this area interesting
Investment ARTE+ @ AMPANG [OWNERS' THREAD], Where Art combines with Convenient Livin
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 Mar 8 2019, 03:22 PM
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1,567 posts Joined: Jan 2007 
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Mar 8 2019, 03:26 PM
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#2
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QUOTE(aaron1717 @ Mar 8 2019, 03:24 PM) sad thing is location location location is not the mantra anymore... near to city center so what... auction regardless... lol Too many units coming up at the same time. Over 5000 units within 5 years. Not surprised there r so many auctions. |
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Dec 12 2019, 08:32 AM
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#3
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QUOTE(hazwan_zohdi @ Dec 11 2019, 11:38 PM) Y so cheap? Must be something fishy... Its the elephant in the room. Huge oversupply and stagnating demand. |
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Jul 1 2020, 05:40 PM
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finish pm pls post here
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Aug 15 2020, 12:44 AM
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#5
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300k is way too low.... look at the old property prices surrounding arte. Arte is newer n higher class, the price wont be lower than gcb court right beside the elements. Or the older apartments in ampang.
Before they start attracting lower class tenants, the other older apartment tenants will shift to arte 1st. |
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Aug 17 2020, 03:42 PM
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#6
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Too many waterfish buyers. But i think now is a good time to have the 5 year to flip dream for this prop.
Even better if can cashflow positive. |
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Dec 29 2020, 01:02 PM
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#7
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QUOTE(HereToLearn @ Dec 29 2020, 09:26 AM) Not smart bidder, nor smart investors. At such rental yield, if they cannot withstand the cash burning rate, I foresee seeing their units get auctions in the near future. the original buyers would probably be the not so smart investors. Considering that most of the units on auction here were sold at more than 50% higher prices 5 to 6 years ago.Too eager to catch the falling knife. Caught it at a bad price probably have to look 5 years into the future to see whether these r good purchases, I suspect most of the units purchased on auction today would be fair to good buys. HereToLearn liked this post
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Jan 11 2023, 11:27 AM
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#8
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QUOTE(Thasmita @ Jan 10 2023, 03:00 PM) I don’t see much upside for this condo or any condo with massive numbers. Nothing to do with whether ppl r ready for communal living.Generally Malaysians are not totally ready for communal living. Noisy neighbours, inconsiderate neighbours and the list goes on. It becomes worse in really super dense developments where most landlords don’t pay up on time or at all. The location of arte isn’t really good either. Then you have loads of development all around and even more closer to city centre. Anyways let’s just see what happens to the pricing another 2 years down the road. It has to do with affordability. Do u think ppl prefer condos or landed? The vast majority would take landed given same price and same location. The reality is that in this location, a landed house would be worth several million. It would be completely unaffordable. The landed bungalows are almost all embassies in this part. |
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Jan 11 2023, 11:32 AM
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#9
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Developers still pumping in units. Thats the problem.
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