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Investment SQWHERE @ KG SELAMAT SUNGAI BULOH [OWNERS' THREAD], Inner KD. Located close to MRT. By SDB.

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sadukarzz
post Dec 20 2022, 04:37 PM

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QUOTE(nihility @ Dec 20 2022, 03:39 PM)
It is expected, the whole piece of land adjacent to Kwasa Land is actually Sg. Buloh industrial land - there are a lot warehouses & factories behind the Kg Baru Sg Buloh. Hence it is norm to have the foreigners living nearby at the present. What the buyer believe is that the industrial land will be relocated in the future because land at the prime area is getting scarce - something similar like PJ Section 13 and 14 industrial land converted into residential in the future. The early buyers buy in the hope that they can enjoy the early mover advantage but what they didn't realize, they already paid for the premium / expected to be made in the coming years.
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yep agreed

thats not even considering the fact that they are also 'hoping' for kwasa damansara to be a huge hub

bruh thats like a good distance away, and sqwhere happens to be located right at the funnel where dash ends (extension),

meaning that not only they wont enjoy the benefits of kwasa damansara in the coming 10 years

but only the after effects from the traffic,

the place that would benefit is upstream nearer to subang help area

dk prop there might be a better buy instead, better tenant demongraphy in students
Cavatzu
post Dec 20 2022, 04:58 PM

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QUOTE(nihility @ Dec 20 2022, 03:39 PM)
It is expected, the whole piece of land adjacent to Kwasa Land is actually Sg. Buloh industrial land - there are a lot warehouses & factories behind the Kg Baru Sg Buloh. Hence it is norm to have the foreigners living nearby at the present. What the buyer believe is that the industrial land will be relocated in the future because land at the prime area is getting scarce - something similar like PJ Section 13 and 14 industrial land converted into residential in the future. The early buyers buy in the hope that they can enjoy the early mover advantage but what they didn't realize, they already paid for the premium / expected to be made in the coming years.
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Section 13 and 14 land is very sought after for residential. So your Ryan Miho will easily retain its value easier than the mess here. By the time all the stuff in Central Park Dsara hits 800 psf then maybe Sqwhere can get back their SPA price. Don’t know if we’ll live long enough to see it before the building is devalued because of age.
1ullaby
post Dec 22 2022, 12:42 AM

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QUOTE(elimi8z @ Dec 20 2022, 04:33 PM)
My point is if both side to side, WOTP value will recover or raise faster than SQ la, no point saying "if transported to MK"
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Oh don’t bet on it.
Wotp has no yields, wrong place wrong product, how’s the recovery coming 7 years on?

Why no point? That’s the entire point. Well if one can’t get it I guess they’ll never will 🤷🏼‍♂️
Ch0wCh0w
post Dec 22 2022, 01:51 AM

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QUOTE(elimi8z @ Dec 20 2022, 04:33 PM)
My point is if both side to side, WOTP value will recover or raise faster than SQ la, no point saying "if transported to MK"
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MK is flooded with condos anyway. I'm more hopeful towards Cheras
Cavatzu
post Dec 22 2022, 05:10 AM

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QUOTE(Ch0wCh0w @ Dec 22 2022, 01:51 AM)
MK is flooded with condos anyway. I'm more hopeful towards Cheras
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Both of them are at the end of the line pretty much when there’s so much development still coming up before them. They will be suppressed at these low prices for a long time. Give a bit of an edge to WOTP as it really is for own stay. This Sqwhere if the residents are of a certain stature then game over. SDB has built the most atas foreign workers’ dorm - there is some pride in that.

This post has been edited by Cavatzu: Dec 22 2022, 05:12 AM
1ullaby
post Dec 22 2022, 08:13 AM

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QUOTE(Ch0wCh0w @ Dec 22 2022, 01:51 AM)
MK is flooded with condos anyway. I'm more hopeful towards Cheras
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Mama mia….
Don’t go and buy something base on your hope then
Classic keyboard commenting ni
Cavatzu
post Dec 22 2022, 08:24 AM

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QUOTE(1ullaby @ Dec 22 2022, 08:13 AM)
Mama mia….
Don’t go and buy something base on your hope then
Classic keyboard commenting ni
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What to do? Sungai Buloh was sold as the new Damansara and Cheras is sold as the new Ampang? Even Ampang market itself has combusted.
PAChamp
post Dec 22 2022, 10:16 AM

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Still talking about doom and gloom? The buyers have accepted their fate and doing the best in the situation. As long as the buyers don't go bankrupt, its ok lah... Investing in anything has its risks. Luckily didn't buy crypto as the crash is still ongoing and people have lost their life savings on it (latest case FTX boss being extradited to USA). But I guess some folks still have the need to say I told you so... its ok lah icon_rolleyes.gif
Ch0wCh0w
post Dec 22 2022, 10:19 AM

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QUOTE(Cavatzu @ Dec 22 2022, 05:10 AM)
Both of them are at the end of the line pretty much when there’s so much development still coming up before them. They will be suppressed at these low prices for a long time. Give a bit of an edge to WOTP as it really is for own stay. This Sqwhere if the residents are of a certain stature then game over. SDB has built the most atas foreign workers’ dorm - there is some pride in that.
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WOTP gives a more homey feeling because it's in Cheras. Might be dropping in value from multiple factors, still a better choice though
Ch0wCh0w
post Dec 22 2022, 10:21 AM

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QUOTE(PAChamp @ Dec 22 2022, 10:16 AM)
Still talking about doom and gloom? The buyers have accepted their fate and doing the best in the situation. As long as the buyers don't go bankrupt, its ok lah... Investing in anything has its risks. Luckily didn't buy crypto as the crash is still ongoing and people have lost their life savings on it (latest case FTX boss being extradited to USA). But I guess some folks still have the need to say I told you so... its ok lah  icon_rolleyes.gif
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Stay positive! Not every bad situation will last forever. You can't have a rainbow without a little rain
mini orchard
post Dec 22 2022, 10:28 AM

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QUOTE(PAChamp @ Dec 22 2022, 10:16 AM)
Still talking about doom and gloom? The buyers have accepted their fate and doing the best in the situation. As long as the buyers don't go bankrupt, its ok lah... Investing in anything has its risks. Luckily didn't buy crypto as the crash is still ongoing and people have lost their life savings on it (latest case FTX boss being extradited to USA). But I guess some folks still have the need to say I told you so... its ok lah  icon_rolleyes.gif
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Yalor.

Not even sure why some people cont to 'tear' the entire projects till ground zero.

Most every other post is recycled comments.

This post has been edited by mini orchard: Dec 22 2022, 10:30 AM
Cavatzu
post Dec 22 2022, 12:25 PM

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Nothing personal. It’s really a case study on why certain locations or developers didn’t work. Then it becomes an analysis on the the product mix, target tenant/residents’ base, future prospects. It’s meant to be educational rather than being mean spirited la. Although I admit there’s an element of kesian in it. It will continue to crop up with each Lelong announcement when someone will inevitably ask what went wrong.

This post has been edited by Cavatzu: Dec 22 2022, 12:27 PM
mini orchard
post Dec 22 2022, 12:32 PM

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Every buyer will get' scammed' again if he wants easy way to property ownership.

Selling is always easy with freebies, no matter what products.

This post has been edited by mini orchard: Dec 22 2022, 12:34 PM
Cavatzu
post Dec 22 2022, 01:43 PM

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QUOTE(mini orchard @ Dec 22 2022, 12:32 PM)
Every buyer will get' scammed' again if he wants easy way to property ownership.

Selling is always easy with freebies, no matter what products.
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To be fair, it wasn’t that long ago people queued up for a new property launch or even paid kopi money to secure a choice unit. People just need to shake that mindset but the good stuff will still go quickly.

The sales and loan cycle has been made very easy for those who make the cut. The poor millennials/Gen Z of today do not have the luxury of ignorance or it will ruin them.
mini orchard
post Dec 22 2022, 02:11 PM

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QUOTE(Cavatzu @ Dec 22 2022, 01:43 PM)
To be fair, it wasn’t that long ago people queued up for a new property launch or even paid kopi money to secure a choice unit. People just need to shake that mindset but the good stuff will still go quickly.

The sales and loan cycle has been made very easy for those who make the cut. The poor millennials/Gen Z of today do not have the luxury of ignorance or it will ruin them.
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Why not ? A developer cannot make another similar property unlike factory process.

Can any developer create another master piece for the same price 10 years later ?

If all property are the same, then all property should sell same price ?

If every buyer can hold on to his purchase, no earthquake can crumble the price.

This post has been edited by mini orchard: Dec 22 2022, 05:13 PM
Cavatzu
post Dec 22 2022, 06:05 PM

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QUOTE(mini orchard @ Dec 22 2022, 02:11 PM)
Why not ?  A developer cannot make another similar property unlike factory process.

Can any developer create another master piece for the same price 10 years later ?

If all property are the same, then all property should sell same price ?

If every buyer can hold on to his purchase, no earthquake can crumble the price.
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It just goes back to the demand vs supply equation. The new builds need to be so expensive going forward that it pushes buyers back to subsale. It’s not happening and some projects now are being sold a lot cheaper than some launches from over 5 years ago likely because older land prices were inflated.

This post has been edited by Cavatzu: Dec 22 2022, 06:06 PM
mini orchard
post Dec 22 2022, 08:29 PM

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QUOTE(Cavatzu @ Dec 22 2022, 06:05 PM)
It just goes back to the demand vs supply equation. The new builds need to be so expensive going forward that it pushes buyers back to subsale. It’s not happening and some projects now are being sold a lot cheaper than some launches from over 5 years ago likely because older land prices were inflated.
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Property is not commodity trading where many investors think.

So are blue chips klse. Even if one buy pbb at today price, he will cont to make a profit in 5 to 10 years later.

If developers have to wait 10 years from land purchase to vp to make profits, why are buyers 'exempted' ?

This post has been edited by mini orchard: Dec 22 2022, 08:43 PM
Cavatzu
post Dec 23 2022, 01:01 AM

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QUOTE(mini orchard @ Dec 22 2022, 08:29 PM)
Property is not commodity trading where many investors think.

So are blue chips klse. Even if one buy pbb at today price, he will cont to make a profit in 5 to 10 years later.

If developers have to wait 10 years from land purchase to vp to make profits, why are buyers 'exempted' ?
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Why do you say developers have to wait 10 years? They might be landbanking or waiting for some type of hype.

Conversely, there are developers that buy an available piece of land and develop and sell right away for their usual 20-30% margins. They will never lose money unless their things don’t sell at all.
mini orchard
post Dec 23 2022, 06:56 AM

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Location problem, pricing problem or buyer's problem .... huh ?

Attached Image

This post has been edited by mini orchard: Dec 23 2022, 06:56 AM
Cavatzu
post Dec 23 2022, 09:24 AM

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QUOTE(mini orchard @ Dec 23 2022, 06:56 AM)
Location problem, pricing problem or buyer's problem .... huh ?

Attached Image
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Greed is the biggest one. But all 3 factors contributed. So these poor fellas are about a million in debt with no property after this Lelong process or directly bankrupt?

Holy cow prices getting lower and lower.

This post has been edited by Cavatzu: Dec 23 2022, 09:32 AM

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