Investment 4 Critical Signs of a Bubble Market, Property Investment
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 Dec 2 2013, 10:10 PM
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#21
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Junior Member
390 posts Joined: Oct 2012  
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QUOTE(icemanfx @ Dec 2 2013, 07:43 PM) If property price in Hanoi, Bangkok, Taiwan and Jakarta is relevant to KL buyers, what about Muadzam Shah? I know there are all these talk about levitations in Muadzam Shah but last time I was there, I almost missed the town. So what this fixation on the place. You're going to buy a luxury condo there?   |
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Dec 2 2013, 11:48 PM
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#22
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Junior Member
390 posts Joined: Oct 2012
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QUOTE(joeblows @ Dec 2 2013, 11:11 PM) If you're talking about high-end, then you may be wrong or right, because the term is so subjective. You are right, its always arguable when it comes down to definition. Just googling on CBRE agency in Thailand reveals following:On the one hand, in Bangkok, the average luxury condo price is not high at all. You can get a decent place for RM800k in city centre. This is a common misconception because Thai prop market is segmented between Foreign Freehold and Freehold. A lot of prop is earmarked to for Thais only with no foreign buyers allowed. Proof? New launch, studios start at about RM450k before freebies. In Sukhumvit Soi. http://www.livat49.com/?gclid=CO-2o-bokbsCFYJU4godmGQAjg In Jakarta, the high-end condo market is still relatively limited, but the housing for ordinary folk is still much cheaper than in KL. Also, there are decent places available. Back to KL, you also need to define high-end. If you limit it to KLCC area (really CBD) and to new launches, then price is not cheap at all! Even compared to BKK where there is higher angmoh demand by far. But if you broaden to consider places like 5 Stones, WOTP in Balakong, Concerto as "high end", where expats would never stay, then of course we may be cheaper. But then you're comparing oranges to rambutans. 1) Studio at Sansiri 600sq ft at rm 1.08m- Sukhumvit 2) Condo at Le Raffine 3850 sq ft rm5.0m - sukhumvit 3) Studio at Magnolias Ratchadamin 560 sq ft - rm 920k - Central Lumpini 4) Condo at The Met 930 sq ft - rm 2.86m- Silom/Sathom These are just off the first page .. My understanding is foreigners can own up to 49% of a Freehold condo project in Bangkok. I do agree the new launches in KLCC especially the boutique ones like 4 Seasons, Bayan, Le Nouvel etc aren't cheap but how about Hampshire, Marc Residence, Dua Residence, K Residence, Idaman and some older ones which are around 800 to 1200 psf? These are practically built around the Twin towers. Anyway, I'm not here to promote KLCC or properties per se but just to balance out some of the rather negative remarks that's been making the rounds. Not that any of these matters if shit hits the fan!  |
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Dec 9 2013, 09:41 PM
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#23
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Junior Member
390 posts Joined: Oct 2012
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QUOTE(joeblows @ Dec 3 2013, 10:59 AM) I think you've been looking in the wrong areas brother. Ok bro. You seem to know the market well Either that or CBRE bullshits you. http://www.acuterealty.com/PropertyDetail/..._Sale-Sukhumvit 270 sq METRES (3000 sqft) for only RM1.6m on Sukhumvit Soi http://www.acuterealty.com/PropertyDetail/...Park%20Thonglor 126 sq METRES (1250 sqft) for only RM850k, and the best part, you can rent it out at USD 1166 which is equivalent to RM 3.6k. That works out to 5% Rental Yield, far in excess of what you can get for KLCC condos nowadays....even at asking price (not comparing to price 5 years ago). If you really think Bangkok prop is so overpriced, you should be all over this brother. Lots of contra/flipping opportunity...   coz I haven't been back there for quite some years now. All hear say lah. Thanks. |
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