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 pj mIdtOwN, PJ SECT 13

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post Feb 16 2014, 03:27 PM

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The price at 8xxsf I think is reasonable in PJ sec 13 since ara Damansara already selling at 750psf at least. A lot of ppl complaint that the traffic is too congested in PJ sec 13, But isn't it a good sign or place for investment if the area is so busy? I ask my friend to imagine that if there's somewhere have less people going and smooth traffic all the time, and selling 500psf, will he invest there? I think he will get more worries.

PJ definitely is a good area because PJ is always PJ, demanding all the time especially residential units with build up size less than 1300sf. . So far I hardly see any condo with the said sizes has low occupancy rates at the moment .


evan-ng
post Feb 17 2014, 11:01 AM

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Attached Image

Seems like the whole section 13 is redeveloping. Any others upcoming project in section 13 that are not listed in the picture?
timetoinvest
post Feb 18 2014, 11:33 AM

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went to SD gallery, saw the floor plan, decent. especially like the 3 rooms with parking at door step.
am comparing with Pacific Star, which is also selling 860++psf...
but PJ mIdtown is by taiko SD Brunsfield IOI, feel more comfortable with reputable dev..

timetoinvest
post Feb 18 2014, 11:38 AM

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QUOTE(12Digit @ Feb 4 2014, 01:28 PM)
Which is just next to Jaya 33? Wa if really got mall there then midtown is worth to buy, sapu all the property near by .  drool.gif  drool.gif  drool.gif
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timetoinvest
post Feb 18 2014, 11:46 AM

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QUOTE(alesi616 @ Feb 10 2014, 01:46 PM)
which 1 better? PJ midtown 600sft vs Pacific Star 617sft.....both also about 5xxK budget, comes with partial furnish...all leasehold....

btw, can this PJ sec 13 area absorb such high volume supply of small condo units in a few years time? imagine a 1-room 600sft units cost abt 5xxK meaning that at least 2k-2.5k per month rental to barely cover the loan installment.....do-able rate there?
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i am also comparing, but friend advised to go for reputable dev...
timetoinvest
post Feb 18 2014, 11:47 AM

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QUOTE(timetoinvest @ Feb 18 2014, 11:46 AM)
i am also comparing, but friend advised to go for reputable dev. which is PJ Midtown
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evan-ng
post Feb 18 2014, 11:55 AM

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How much interest occur in duration of 4 years if borrowing 90% loan, assuming property price 540k?
timetoinvest
post Feb 18 2014, 12:13 PM

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QUOTE(evan-ng @ Feb 18 2014, 11:55 AM)
How much interest occur in duration of 4 years if borrowing 90% loan, assuming property price 540k?
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good question, can someone help pls..
means, after completion, hold 1 more year, can sell without kena tax la rclxms.gif
12Digit
post Feb 18 2014, 01:07 PM

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QUOTE(evan-ng @ Feb 18 2014, 11:55 AM)
How much interest occur in duration of 4 years if borrowing 90% loan, assuming property price 540k?
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Within 4years the interest need to pay is estimated about 30-40k for price, but also depend on which floor that you purchase.
kochin
post Feb 18 2014, 01:20 PM

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QUOTE(evan-ng @ Feb 18 2014, 11:55 AM)
How much interest occur in duration of 4 years if borrowing 90% loan, assuming property price 540k?
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i guess about RM21,372.98?
alesi616
post Feb 18 2014, 01:44 PM

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QUOTE(12Digit @ Feb 18 2014, 01:07 PM)
Within 4years the interest need to pay is estimated about 30-40k for price, but also depend on which floor that you purchase.
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purchase high floor pay less interest, by low floor pay high interest? betul?
alesi616
post Feb 18 2014, 01:45 PM

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QUOTE(kochin @ Feb 18 2014, 01:20 PM)
i guess about RM21,372.98?
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wah kochin taikor.....how u come out with this magical figure without knowing what floor? rclxms.gif rclxms.gif
CMW123
post Feb 18 2014, 01:50 PM

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QUOTE(alesi616 @ Feb 18 2014, 01:44 PM)
purchase high floor pay less interest, by low floor pay high interest? betul?
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But high floor more expensive wor...
12Digit
post Feb 18 2014, 02:58 PM

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QUOTE(alesi616 @ Feb 18 2014, 01:44 PM)
purchase high floor pay less interest, by low floor pay high interest? betul?
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Yes correct, cause if you get lower floor construction will reach your floor earlier ma, once reach certain stage developer will claim bank, once developer claim then you need to pay interest, compare to higher floor later only pay interest from there higher floor pay lesser interest during construction.
lamode
post Feb 18 2014, 03:07 PM

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QUOTE(evan-ng @ Feb 18 2014, 11:55 AM)
How much interest occur in duration of 4 years if borrowing 90% loan, assuming property price 540k?
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more or less 4.5% of ur loan amount.
evan-ng
post Feb 18 2014, 07:18 PM

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Thanks for the estimation given by all taikors!! Basically the amount of interest would be around 4-4.5%, means not much difference compared to 3 years undercon property.. am I right?
Sashimika
post Feb 19 2014, 06:47 PM

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So better buy higher floor to get better view and to avoid paying higher interest thumbup.gif
BeetchX
post Feb 20 2014, 11:08 AM

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Anyone know how's PJ Midtown respond? My friend told me bout it. most of the single bedroom units been taken.
DragonXIII
post Feb 28 2014, 10:05 AM

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Went to the gallery last weekend.

Seems like 50% of Block A taken.... So where is the BUBBLE??? More like BBB... even the most expensive units (3 bedrooms) are mostly book!!

Feel like if you are worrying too much on rental return, you will end up buying nothing for the rest of your life.... Rental never catch-up with selling price....

But if you don't buy/own any property, in years to come, you will be helping other to pay for the installments. So, u still paying large sum of money, but for NOTHING... While other pay (maybe) 50% of their installment, and the other half being HELPED by their tenant....

So, the question will be.... Which side you rather to be???
CMW123
post Feb 28 2014, 02:39 PM

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QUOTE(DragonXIII @ Feb 28 2014, 10:05 AM)
Went to the gallery last weekend.

Seems like 50% of Block A taken.... So where is the BUBBLE??? More like BBB... even the most expensive units (3 bedrooms) are mostly book!!

Feel like if you are worrying too much on rental return, you will end up buying nothing for the rest of your life.... Rental never catch-up with selling price....

But if you don't buy/own any property, in years to come, you will be helping other to pay for the installments. So, u still paying large sum of money, but for NOTHING... While other pay (maybe) 50% of their installment, and the other half being HELPED by their tenant....

So, the question will be.... Which side you rather to be???
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U must be a Sime Darby fans/supporter?

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