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Investment EKOCHERAS @ JALAN CHERAS (Ver 2) [MRT PROPERTY], Where Cheras becomes Mont'Jiulai

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neonikson1
post May 15 2014, 10:10 PM

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http://www.businesstoday.net.my/2014/02/no...roperty-market/

***Highlight: KL sub-sale transactions dropped 47% compare to Feb 2013.

and this is just the beginning.
neonikson1
post May 16 2014, 11:12 AM

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QUOTE(CaptainCool @ May 16 2014, 11:01 AM)
for me definately ekocheras is better.... first is distance to kl it's much nearer. 2nd, i believe the design and the height of the building will make it become the landmark of cheras. 3rd, do not forget that leisure mall is the "Ongest" mall in cheras now and just opposite ekocheras and linked with covered walkway. just my 2 cents.
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Agree, you know how jam jalan cheras is, so even though it could be only nearer by 1km, that already makes a difference.

By the way is you city located before toll or after toll?

This post has been edited by neonikson1: May 16 2014, 11:18 AM
neonikson1
post May 16 2014, 05:33 PM

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Seriously anything after toll is less attractive.
neonikson1
post May 16 2014, 05:45 PM

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Especially those properties which are just after toll booth, really si beh tu lan!
neonikson1
post May 16 2014, 06:15 PM

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QUOTE(soon9913 @ May 16 2014, 06:10 PM)
i think after toll prop is good if u work opposite direction toward to Kajang area..
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That's another way to look at it.
neonikson1
post May 17 2014, 08:17 AM

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QUOTE(soon9913 @ May 16 2014, 04:47 PM)
but i used to see a very long queue in front of the traffic light when going home after work.
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Inner route also more traffic lights, road condition a bit bumpy, also some parts are up slopes.
neonikson1
post May 17 2014, 02:30 PM

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QUOTE(soon9913 @ May 17 2014, 08:58 AM)
Neonikson bro must be from cheras :-)
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I am now in bk jalil. But my Sis used to stay in Cheras area.
neonikson1
post May 17 2014, 02:34 PM

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QUOTE(mybenz @ May 17 2014, 11:51 AM)
Call will say no more. If walk in.different story..
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I'm sure there are units available.
neonikson1
post May 18 2014, 10:40 AM

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QUOTE(HELLO HELLO @ May 17 2014, 11:21 PM)
sibeh wonder can rent out so high boh...... and got many pipu can pay that high rental boh?
800+sf..... price need around rm2.8k to rm3k rental rate to cover.... normal 500+sf also need rm2k+.... jialat.

now damansara perdana start to suffer due to soo many units.
my friend unit at damansara perdana pigeon hole also sibeh hard to rent out. rental rate also not good.
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Personally I'm not expecting rental to fully cover loan installment, it is good if it can subsidise 60-70%. This is more for capital appreciation.
neonikson1
post May 18 2014, 10:41 AM

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QUOTE(Maneki-neko @ May 18 2014, 09:42 AM)
Why not consider Sunway Velocity? Strong and visionary developer, good location, got 2 MRT station, got shopping mall, about the same price tag  cool2.gif
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30-40%price difference, how can it be the same price tag?
neonikson1
post May 18 2014, 10:42 AM

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QUOTE(Maneki-neko @ May 18 2014, 09:42 AM)
Why not consider Sunway Velocity? Strong and visionary developer, good location, got 2 MRT station, got shopping mall, about the same price tag  cool2.gif
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But yes, if you can afford that price tag velocity is also a good buy.
neonikson1
post May 18 2014, 10:43 AM

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QUOTE(Alvelyn @ May 17 2014, 08:19 PM)
This developer dragging S & P, units transfer here & there, made insiders benefited.

U sure want to buy more?
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Didn't occur to me that the developer is doing hanky panky things. Mind to share?
neonikson1
post May 18 2014, 10:54 AM

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QUOTE(soon9913 @ May 17 2014, 11:40 PM)
Went for a bank property talk this morning,
One of the speakers said now is still right time to buy n property price should be uptrend due to economy data show good and property price will be raised do to GST .
And he also mentioned 'buy at your own risk' as it is required your own judgment.
smile.gif
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New property price should continue to go up due to GST.
Developer will for sure transfer the 6% to end user.

Until one day market really beh ta Han, then the new property price will drop as well. Just like what happening in China 2nd n 3rd tier cities. Can refer to last Thursday or Friday nanyang daily or many other reports on Internet.
http://usa.chinadaily.com.cn/opinion/2014-...nt_17388933.htm

This post has been edited by neonikson1: May 18 2014, 10:55 AM
neonikson1
post May 18 2014, 11:05 AM

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QUOTE(soon9913 @ May 17 2014, 11:40 PM)

And he also mentioned 'buy at your own risk' as it is required your own judgment.
smile.gif
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Yep, unlike 2008-2011,there is no sure win property anymore.
neonikson1
post May 18 2014, 11:53 AM

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QUOTE(CloudAtla$ @ May 18 2014, 11:13 AM)
Gst factor cause property price up. Property price will eventually up till tipping point not reachable by majority buyers. Phase 1, those cannot pay downpayment, out. Phase 2, those cannot get loan, out. Phase 3, those beh tahan paying installment whether flipper or own stay, bank auction. Phase 4, interest rate up, cannot pay installment, next phase of auction, more auction. Phase 5, when supply more than demand, price drop. Phase 6,  if too many auction, property became toxic assets, market will crash. Where are we now? I m thinking we are into phase 3 and phase 4 starting sO0n!
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Good analysis. I agree we are in between phase 3-4. That's why I said earlier in my post, wait til 2017 when most constrictions are done n vp, people need to start servicing loan, the effect will start surfacing.
neonikson1
post May 18 2014, 11:59 AM

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Therefore, Location is the key, holding power is the king!
neonikson1
post May 18 2014, 05:13 PM

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QUOTE(soon9913 @ May 18 2014, 12:47 PM)
I do agree Velo is a better project. However from ekocheras's buyer point of view, we need to pay extra at least 43% of Ekocheras price to get a Velo. (Compare RM700/sqf to RM1k/sqf).  I personally think ekocheras is a better bet.
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Quite true. Less exposure less risk.
neonikson1
post May 18 2014, 11:01 PM

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QUOTE(HELLO HELLO @ May 18 2014, 04:00 PM)
Im kucirat here... If U ask me... I think Subsale apartment or condo around connaught or leisure mall maybe. And size around 900-1200sf. Macam awanapuri condo very near ekocheras and leisure mall. I prefer family type condo. N no commercial below. But can near those commercial area. Density best if can be around 300-400units. Target group also wider. Just my tot lar. If u have any input.or comment .. U r welcome anytime.

for the ekocheras mall.. I might get the first hand info. If their leasing team come to propose the retails lot to me. I will try to share with u here.... He he. Whether is good or bad.

Putra sunway mall and the uptown mall already approach me.  Both plan very not bad. Just uptown mall not very big. But they put a lot money on infra. With under tunnel access from opposite traffic. Got fitness first with swimming pool and turn the old car park to cinema. Now they doing the engineering test c the structure can support the cinema boh.
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HELLO HELLO boss what business are you in?
neonikson1
post May 18 2014, 11:02 PM

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Aiya.... not so good news.....

http://biz.sinchew.com.my/node/94900
neonikson1
post May 19 2014, 12:11 AM

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QUOTE(Jagalat @ May 18 2014, 11:40 PM)
That was the reason why l asked if there is correction next year.  sweat.gif
So far, no one says there will be.  blink.gif
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A correction is for sure coming, just don't know its magnitude.

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