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Investment SQWHERE @ KG SELAMAT SUNGAI BULOH [OWNERS' THREAD], Inner KD. Located close to MRT. By SDB.
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gks
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 Aug 8 2023, 10:36 AM
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QUOTE(zack.gap @ Aug 8 2023, 10:13 AM) It's a steal honestly at those prices. I've always admired SDB as a developer but their recent high rise buildings haven't been doing so well lately.. This one the pricing just doesn't fit the location, the commercial components is also suffering as a side effect. Perhaps in 5-10 years when Kwasa develops and population kicks in, this service apartment may finally make sense. In 10years time...the building will get old and forgotten What the owners as collective should do is to create a theme for Sqwhere and fund a marketing team for their retail lots. Unfortunately SDP no longer has any interest to drive retail portion. |
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gks
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Sep 7 2023, 03:08 PM
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Maintenance fee here is very high for an outskirt condo.
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gks
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Dec 9 2023, 09:12 PM
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QUOTE(AskarPerang @ Dec 9 2023, 11:20 AM) 3 lelong units sold just now. All same size 1017sqft. All non bumi lot. All sold at around the same price. Good catch?    At this price range yes it make sense to punt. But the pathetic commercial downstairs..... |
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gks
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Dec 11 2023, 11:39 AM
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QUOTE(PAChamp @ Dec 11 2023, 10:18 AM) Good catch. Roughly 50% off the ori developer price. But Kwasa nearby not learning the lesson or they know something we don't.... their launching prices are at the ori sqwhere prices. The developer has no choice. It is cost plus profit margin for them, not so much supply Vs demand and secondary transacted prices. The only way now these Developers can do is offer cashback and low down payment. However these also attract financial weak purchasers. BNM should clamp down financing based on SPA but instead...based on nett price... Buying property is long term commitment and purchasers should have at least 10% ready before commit to it. |
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gks
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Dec 11 2023, 01:18 PM
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QUOTE(PAChamp @ Dec 11 2023, 12:34 PM) Yup, you summed up the problem well. Property prices cannot go down much as the costs have risen a lot. But the general population cannot really afford a 500k above condo. I reckon the affordability of the average person to be around 250k to 350k per apartment. From my observation we are no longer has property supply demand issue but financial market issue. Too many buyers take cashback without intention to commit to keep the properties. Most developers have to give huge cashback just to sell. Only selectively few like DPC can sell without the gimmick. This post has been edited by gks: Dec 11 2023, 01:19 PM |
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gks
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Nov 4 2024, 07:16 PM
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QUOTE(PAChamp @ Nov 4 2024, 03:56 PM) I believe Sqwhere already hit bottom lah... the only way is up from here on. Those that bought under auction cheap will enjoy good returns. Sqwhere as development is superb but suffering probably from 1.Co-living/ gurus/ bulk purchase which subsequently cause weak holding power among many of the owners 2. Hefty maintenance fee 3. Location 4. Overprice for the location 5. Empty commercial activities Anyway there is only so much a prices can drop so for bold investors especially from auction, all the best. Let this be a good lesson for investor wannabes there is no shortcut and need a strong holding power. This post has been edited by gks: Nov 4 2024, 07:19 PM |
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