QUOTE(twincharger07 @ Jan 2 2014, 12:58 AM)
Possible, I might be wrong...
But this is Tropicana, IMHO, whoever buying this, majority for ownstay either upgraders or affluence young couples.
Most of my friends are considering for upgrading where environment is important. Kajang is lacking of exclusive residential area. Those who are staying in old Semi-D in Kajang dont mind upgrade to exclusive neighborhood although have to downgrade to DSL or 3-storey DSL. To them, they are buying into the environment
DSL and 3-storey only 200+ unit, once its sold out, no more terrace, consider quite exclusive, the rest are Semi-D, bungalow and high rise. Its not like launching thousands of terrace houses.
There are a lot of affluent families staying in older houses in Kajang. Usually buying for own stay will take more serious consideration and it take awhile to decide to buy or not. Investors usually make faster decision, could be just half an hour. Development that are sold instantly usually has more pengoreng and own-stayer usually miss the boat. Pengoreng are the ones who already familiar with the game, pull cable, know where to access info much faster than the rest, leaving own-stayer to buy subsales from them..
My friend is still seriously thinking to buy or as he would like to move from his Semi-D to 3 Storey Link, today is his 3rd day of thinking. If he treat it as investment, He would have taken it on day 1.
So with no DIBS, Net Purchase Price, raise of interest rate and increase in RPGT, keeping flippers away is not a bad thing, letting more own-stayers to enter as they usually take longer time to decide. own-stayer can stabilize the market and less vacant unit upon VP..
I am comparing the surrounding as an own-occupant point of view.
As mention earlier, for own use its a decent buy.. for investment no comment..
cheers..
DSL and 3-storey only 200+ unit, once its sold out, no more terrace, consider quite exclusive, the rest are Semi-D, bungalow and high rise. Its not like launching thousands of terrace houses.
>>> Total ALL add up how many units?
There are a lot of affluent families staying in older houses in Kajang. Usually buying for own stay will take more serious consideration and it take awhile to decide to buy or not. Investors usually make faster decision, could be just half an hour. Development that are sold instantly usually has more pengoreng and own-stayer usually miss the boat. Pengoreng are the ones who already familiar with the game, pull cable, know where to access info much faster than the rest, leaving own-stayer to buy subsales from them..
>>> Differ. This project not easy decision for investor, not own stayers.