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Investment THE CLIO RESIDENCE @ IOI RESORT CITY [OT], Pamper you in a Resort serenity

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ESBI_E
post Aug 20 2014, 04:13 PM

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QUOTE(ibbrio @ Aug 20 2014, 11:56 AM)
inflated prices... shakehead.gif
if you can wait, wait...
see how the seller responds
if every buyer holds then we can sure see changes to property pricing
after all, it is ground floor and subject to noises and people walk here and there (less privacy)
i would say follow bank valuation if possible as it helps with the loan amount
asking price is always ....asking price oni nia... shakehead.gif
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QUOTE
if every buyer holds then we can sure see changes to property pricing
-> slow slow wait... whistling.gif

QUOTE
developer is speculating and buyers are speculating. in the end, the property market gets distorted.
- > Rule of thumb, in principal, the market is driven by demand and supply basis.

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investing in a property = easy money. no need to work. just buy and sit which has led to "BBB" mentality.
No easy money, it is no equivalent but most prevalent long term type of investment asset either for nation / individual. Thanks to the Inflation hike, chain effect brings to so called collateral price appreciation. blush.gif

QUOTE
actually a lot of genuine buyers out there who are still looking at their first property; but with the current "crazy... no justification" pricing it makes no sense and it makes people heavily in debt servicing the good margin bank loan. so developers and banks profit the most.

Instead of putting blames on developers and bank profits the most, why don't the individual thinking of how to get yourself motivated, and find ways to contribute more and hence strengthen up your affordability. hmm.gif



ibbrio
post Aug 20 2014, 04:17 PM

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haha yes wait wait and work hard hard now to increase wealth to buy more but both government and developers gotta understand their rakyat (the majority of the people, the masses)
tongyk
post Aug 20 2014, 04:39 PM

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QUOTE(ibbrio @ Aug 20 2014, 04:17 PM)
haha yes wait wait and work hard hard now to increase wealth to buy more but both government and developers gotta understand their rakyat (the majority of the people, the masses)
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slow slow wait too
ESBI_E
post Aug 20 2014, 04:43 PM

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QUOTE(ibbrio @ Aug 20 2014, 04:17 PM)
haha yes wait wait and work hard hard now to increase wealth to buy more but both government and developers gotta understand their rakyat (the majority of the people, the masses)
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Work hard - past tense ; work smart - present tense

Understanding is on mutual, Rakyat should be understandable too. We are living in the world of capitalism mechanism..and how capitalism could prove benevolent to the human race... gotta face it ler.

This post has been edited by ESBI_E: Aug 20 2014, 04:47 PM
ibbrio
post Aug 20 2014, 04:46 PM

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did you buy this esbi?
what you think? cheap project?

this forum is kinda quiet compare to other forum
what happened?
some forum non stop talking daily

This post has been edited by ibbrio: Aug 20 2014, 04:49 PM
ESBI_E
post Aug 20 2014, 04:48 PM

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QUOTE(ibbrio @ Aug 20 2014, 04:46 PM)
did you buy this esbi?
what you think? cheap project?
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Nothing is at certainty. Embrace for uncertainty, that's my certain. laugh.gif
ibbrio
post Aug 20 2014, 04:50 PM

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bro you are a philosopher ah?
haha
ibbrio
post Aug 20 2014, 04:53 PM

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QUOTE(ESBI_E @ Aug 20 2014, 04:43 PM)
Work hard - past tense ;  work smart - present tense

Understanding is on mutual, Rakyat should be understandable too. We are living in the world of capitalism mechanism..and how capitalism could prove benevolent to the human race... gotta face it ler.
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work hard+smart = future planet/space tense biggrin.gif
rakyat try to understand but cannot catch up
just ask your friends who just come out to work with a degree
cannot cope
cannot buy ler...
unless become entrepreneur and the success one
how many of this? very little
chicargo
post Aug 20 2014, 04:57 PM

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QUOTE(ibbrio @ Aug 20 2014, 04:46 PM)
did you buy this esbi?
what you think? cheap project?

this forum is kinda quiet compare to other forum
what happened?
some forum non stop talking daily
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ibbrio did u buy?

quiet because of either 2 reasons:
1. buyers are very senior, do not know the existence of this forum
2. there's nothing to discuss, just wait for the mall to open doors. They are lurking in other topics
ibbrio
post Aug 20 2014, 05:03 PM

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QUOTE(chicargo @ Aug 20 2014, 04:57 PM)
ibbrio did u buy?

quiet because of either 2 reasons:
1. buyers are very senior, do not know the existence of this forum
2. there's nothing to discuss, just wait for the mall to open doors. They are lurking in other topics
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true
most investors / buyers do not come to forums because they are busy making money
no time to write
besides they find it unnecessary
i think mainly analysts in many of the forums and too much analysis leads to paralysis

not yet

chicargo did you buy? which type?
chicargo
post Aug 20 2014, 05:08 PM

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QUOTE(ibbrio @ Aug 20 2014, 05:03 PM)
true
most investors / buyers do not come to forums because they are busy making money
no time to write
besides they find it unnecessary
i think mainly analysts in many of the forums and too much analysis leads to paralysis

not yet

chicargo did you buy? which type?
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I gave it a good thought, but only higher units available (psf more than RM650, can't justify)

But I am keeping a close eye on IOI resort city and their future launches

meanwhile in the news: http://msn.iproperty.com.my/modules/news/r...s.aspx?nid=9113

This post has been edited by chicargo: Aug 20 2014, 05:09 PM
ibbrio
post Aug 20 2014, 05:16 PM

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QUOTE(chicargo @ Aug 20 2014, 05:08 PM)
I gave it a good thought, but only higher units available (psf more than RM650, can't justify)

But I am keeping a close eye on IOI resort city and their future launches

meanwhile in the news: http://msn.iproperty.com.my/modules/news/r...s.aspx?nid=9113
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as usual, pricing for future launches as claimed by sales team will be even higher but there may be more chances (higher density) to grab cheaper units with smaller sizes since this clio is supposed to be low density so there is a premium; however location is not that premium as it is along the road may face noise pollution
SUSMNet
post Aug 20 2014, 07:35 PM

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QUOTE(norman05051984 @ Aug 20 2014, 09:35 AM)
couldn't agree more. I'm looking for first home also facing difficulty to find a house within my budget. Last week, i viewed an apt, ground floor, the owner wants to sell it @ RM290k. I nego until RM270k.

Next day, i went to few banks to get indicative valuation report and guess what all 4 banks i asked, they gave me valuation around RM210k - RM230k. And when told this to owner, he die die wants to sell it @ RM290k bcos unit above him sold about RM260k.

I'm not willing to topup more, so asked for RM245k max. So waiting games begin...

Moral: malaysian property price is too bloated with artificial pricing and waiting to collapse under its own weight.
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how much u need pay bank valuation fee?
ftan
post Aug 20 2014, 07:56 PM

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QUOTE(chicargo @ Aug 20 2014, 04:57 PM)
ibbrio did u buy?

quiet because of either 2 reasons:
1. buyers are very senior, do not know the existence of this forum
2. there's nothing to discuss, just wait for the mall to open doors. They are lurking in other topics
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Probably #2. I can't wait for the mall to open. Got quite nice tenants from their FB.

Next ioi launching should be the Connextion. If launch after gst, will be priced higher, right?
norman05051984
post Aug 21 2014, 09:23 AM

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QUOTE(MNet @ Aug 20 2014, 07:35 PM)
how much u need pay bank valuation fee?
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i just asked for indicative valuation fees from various bank listed below:

CIMB : 220k
Maybank : 234k
Bank Islam : 210k
Bank Mualamalat : 240k
RHB : TBC
Ambank : TBC

to answer your Q, since it's indicative its free. Im still playing tarik tali with owner to agree with bank's MV rather to agree with his absolutely crazy price.





ibbrio
post Aug 21 2014, 11:48 AM

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QUOTE(ftan @ Aug 20 2014, 07:56 PM)
Probably #2. I can't wait for the mall to open. Got quite nice tenants from their FB.

Next ioi launching should be the Connextion. If launch after gst, will be priced higher, right?
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market understanding is ... "higher"; that is why so many property talks with speakers saying buy now. buy buy buy. please buy buy buy. taugeh is fresh now. please buy buy buy. buy later price is gonna be higher. but what we don't know is the developer cost structure (unless they show us before and after GST impact item by item) and their profit margin, and...how they play. a lot of factors in how they price the already high priced property. so even you buy today, you never know whether they have priced the GST inside (to have buffer for their future material costs).

IMO, there is no need to rush before GST. it really depends on why you want to buy today. so i am still looking at this ioi resort city development waiting for price drop brows.gif pray durian drop from sky brows.gif
Nidz
post Aug 21 2014, 03:26 PM

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QUOTE(ftan @ Aug 20 2014, 07:56 PM)
Next ioi launching should be the Connextion. If launch after gst, will be priced higher, right?
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QUOTE(ibbrio @ Aug 21 2014, 11:48 AM)
market understanding is ... "higher"; that is why so many property talks with speakers saying buy now. buy buy buy. please buy buy buy. taugeh is fresh now. please buy buy buy. buy later price is gonna be higher. but what we don't know is the developer cost structure (unless they show us before and after GST impact item by item) and their profit margin, and...how they play. a lot of factors in how they price the already high priced property. so even you buy today, you never know whether they have priced the GST inside (to have buffer for their future material costs).

IMO, there is no need to rush before GST. it really depends on why you want to buy today. so i am still looking at this ioi resort city development waiting for price drop  brows.gif pray durian drop from sky  brows.gif
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With regards to GST, I think that current new developments/projects have already factored in the increase of materials prices. GST will be launched next year and this project will need 3 years for construction, but the contractors won't buy all the materials they need now. They will buy it in stages as well. So, any price effects due to GST must be factored in right now, or else their margins will be lower.
ibbrio
post Aug 21 2014, 03:47 PM

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nidz, you wanted very much
did you manage to sapu 1 unit?
many went there to buy the smallest sqft but too late liao...
Nidz
post Aug 21 2014, 03:56 PM

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QUOTE(ibbrio @ Aug 21 2014, 03:47 PM)
nidz, you wanted very much
did you manage to sapu 1 unit?
many went there to buy the smallest sqft but too late liao...
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yes, i bought the biggest unit at the 2nd floor. including discounts, my per sqft cost is around rm550.
ibbrio
post Aug 21 2014, 04:02 PM

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QUOTE(Nidz @ Aug 21 2014, 03:56 PM)
yes, i bought the biggest unit at the 2nd floor. including discounts, my per sqft cost is around rm550.
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type A more value psf as calculated but 2nd floor is close to the road(whether noise is loud or not in future).
congratulations to owning a unit in clio at 775K
this price was only for type B at high floors so your bigger unit is better deal

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