QUOTE(keneeth111 @ Dec 11 2016, 04:24 PM)
hi mthc boss,
what's the game plan? rental? own stay? flipping?
i guess it ll be completed 2 years before MRT2 commence its operation in 2022?!
if ddmc, why not only buy upon VP from those financially weak flippers....?!
m2c
m.themalaymailonline.com/malaysia/article/over-50pc-of-affordable-housing-loan-bids-rejected-rehda-says
A very good example you can pick from the article above which explains why the financially weak flippers are almost non existence in today's and future market. It's 2016 today and no longer 2008-2012 era anymore. I would consider anything below 600k as affordable and loan rejections happen to be the highest in this bracket in today's market. I highly doubt there will be any financially weak flippers in 2021/2022. Anyone who would qualify for a loan today are mostly financially rigid. Then again you may argue that you friend or Yi Ma Gu Jie got this and that loan easily but nothing can beat the fact that loan rejections are on its peak.
Financially weak flippers can be found in today's VP projects but in the future? My guess that it would be finding for a needle in a haystack.
With the rising land cost and material cost plus inflation, the prices for upcoming projects are not gonna be generous and Subsales will eventually pick up at a certain ratio towards the pricing for new projects.
MRT is a catalyst but the real Push factor here is Viva Residency. It is kicking YTL Capers ass up down left right. Rental in this part of Sentul is doing very well without the MRT. And I don't even know why.
My game plan? No idea. Buy first and worry later in 2021. After all how much can you lose from a new project?
M2c