490k is more than 7%... 535k transacted is 7%..

Wow, green terrain drop so much.
Launched price was 342k for 1368sf

Oh.. some owners dun want wait long long so sell off fast fast.. 490k and 535k..

but can sell 560k to 580k at least wor.. minolta confirms it..

still 180 plus left..

Oh... put price high high.. then transact bit low low.. but minolta says different ting wor..

should prooerty price shooting upwards? 560k to 580k to a jaw dropping of 70k to 90k lower normal? As market gimmicks?

if you were to say that is owners price and agents marked up 70k to 90k? More logical maa..

How then drop? Palm walk 3 selling 550k.. now sub 750k.. as advertise..

so buying at 700k..  is not drop.. but market gimicks or agent mark up?

U are too excited most of the time, tell your lawyer friend, don't too excited for getting 490k, tell him official launched price only 342k, soft launch much cheaper, stamp duty cheaper, legal fee also cheaper compare to subsale 490k, maybe developer offered free legal fee that time.
Lesson learned, don't always hope DDD n wait wait wait.

Yes. I also wanna admit my property price dropped. Bought at rm330k after discount 4 years ago. Market value was rm750k last year. I sold it at rm700k. Please tell the world that my house price dropped rm50k. Thanks in advance, bearbearwong

Oic, then next time I try not to fishing with higher price, later u laugh at me drop profit, I should offer cheap cheap 850k instead of fishing with 1.2mil, thanks bear bear, I learned something today

Wow.. drop below buying price is never an outcome to begin with.. I dun tink any DDD here are that naive to think so..

that is crash.. DDD are clear to look for correction from asking price... I.e flipped price.. 10%..20%.. 30% or more.. like dis no one will know price drop or no drop.. agents and owners will zip their mouth or announce to public.. your lucky .. wybee87 has multiple un8ts in GT.. my friend wants another unit..

the 560k to 580k was the initual selling price since VP... the lowest spec.. lowest floor that is january..

490k and 535k.. are mid floors 1.3 sq pool view..

there are still 180 units plus..

Oh no problem.. 150k.. this dispels that property price did not drop.. justfying price never droo is better right? Than saying price drop.

Like dis no need to say di..  any price above buying price = profit wat...

Mr Bear, selling the units is never an option for us at least for the next 2 years. We are of the opinion that, if bubbles really pop, we still would not run into losses considering GT has appreciated more than 40%. So, why pay RPGT while there are better options for us to pursue?

You are aware selling any price above purchase price may land you to loss right? There are costs to the purchase my friend.. 6 months post vp.. 6 months of loan servicing.. maintenance.. and etc easily hits 15k.. must sell

purchased price + 15k.. baru no lost .. want to earn 50k? Not easy for nett.. RPGT 20% of total profit.. 2 % penalty for early settlement on banks..

hello assuminh 342k purchased price.. need to flip 200k I.e 542k.. my friend bought 490k so around 150k gross..

RPGT 20% of 150k ( 342k to 490k)= 30k gone
left 120k - 2%penalty ( 342k loan)= 7k gone
Disposing 490k = legal fees + disbursement= 3k gone
Serviced bank 6 months= 9k gone ( assu 1.5k loan for 300k only 35 years)
maintenance and etc.. indah water.. syabas.. electric= 3k gone
no dibs (2%)= 7k

gross profit of 150k(selling 490k)

150k -30k-7k-3k-9k-3k-7k= how much left? 97 k

that also PROVIDED you sold within 6 months.. now still have 180 units.. and as mention 1.2k supplies coming I within 5km radius..

Now already 6 months post vp confirmed by zuiko.. another 2 years to escape RPGT? Total loans serviced for 2 years 6 months WITHOUT tenant..

30 months x 1.5k assuming 300k finance (342k)=  45k alone..

2.5 years maintenance

30 months x 230=6.9k gone

quit rents.. assessments and etc 2.6 months =4k

total =45k+ 6.9k + 4k= 56k..per unit..

you mention few units .. wow really got holding power ahh..

next 342k .. 40% appreciation

342k + 136k = 478k so low oni meh? Market rate 478k only?.. my friend willing pay 500k..

you cant go higher in short term... monthly increase cant work.. green residence selling 700k.. rebates.. freebies manyak.. and many units oh..

Sure or not? Gt itself left 180 units plus variety size.. imperial residence.. green residence.. you vista.. you city...with MRT..ecovest..connought avenue..green residence... maxim mall and residence.. at least 200 units each projects..

1.4k at least.. short of supplies? Risky business keeping unit long time.. GT is the least competatuve in terms of facilities.. lands.. compare with any above.. but champion on size to value

GT cant be higher than nearby prices

Thank you for your detailed calculation. I own 1 unit and the rest belongs to my family members. So we know what we have to pay every month. Also, I said appreciation is more than 40%. Your calculation shows only 40%.
Your friend looking for another unit? Look in Internet,  alot of people selling. If your friend try hard enough,  maybe can get 480k ler. ... never try never know. ... as for our units....  We sell at a premium one. ... lol

Good question. Bcoz I have the same question.
If banks try to recoup the amount loan out, I'm sure they auction off at the balance loan unpaid.
The faster the property goes to auction (from buyer first signed loan to being foreclosed), the higher the unpaid amount.
Bcoz the buyer (debtor) manage to hold & pay the installment for only a short while, much of the principal debt is unpaid?
Just assuming this true.

Another scenario; if the loan/property has been held for long time and 50% of the loan is paid. Will the bank pay back the balance after the loan amount is settled via auction. For example,
Buyer bought at Rm500k. Held for 15 year and left only RM250K as balance loan.
For watever reason his house kena foreclosed and auction at Rm450k. Will the bank give the house owner the balance Rm200k back?
This assuming the owner didn't sell the house himself ..... b4 kena foreclosed. 

At least pm your price.... counter offer... after seeing d calculation you now sell higher kah?... weii I regret liao... wrong move ..

Btw, how long do u need to generate 97k with ur nett income, pls oso deduct lhdn ya. 

I und a lil of bro bear now. Keep telling the whole world his targeted props r goin down. Then he ll offer a price to fish for cheap units. Win win for all. Owner can sell, earn less. Bro bear can buy, cheaper price. Everyone here c the drop, one unit???

Soli not dropped in price. Should say elevated but not tat much.soli soli.

Hi Tiger, 
Let me elaborate on my family's keep keep keep mentality for GT. RPGT is one reason. The other reason is simply because if we choose to sell our units, we have got no other better property to buy at the moment.  We feel that the safest bet is to maintain our units in GT due to its freehold, low density and low psf status. On top of that,  knowing Mr Bear's friend looking for another unit in GT definitely makes me feel better on our decision to KEEP KEEP KEEP!

Yup same as shangri la. But I'm not in the lvl to meet lobet.