wish you good luck... may god be with.. avoid seeing me in future...

Sound like Gombak 126 Residence, mostly sold apart from those 500K++ 2 room unit.

900sqf unit 550-580K if I remember correctly, problem is only 2 room, kind of funny design that why still couple unit available, 5,6,700sf mostly sold.

Maintenance fees quite high RM 0.36 psf

Malay area with lots of Pak Hitam & Pak Arab lived near by coz near UIA.

hmm like that can consider Platinum hills oh or green terraine condo.. 480k+ and 580k+

4 rooms, 3 baths and 2 baths respectively..

but subsales.. cina areas more food

Maybe you can ask Bomoh to intro you his dupe "agent"

While sub $300 psf condo is still available, why first time buyers need to burden with $500+ psf?

http://www.propwall.my/selayang/magna_ville

GT now 580k??? Onli after few mths 490k??? But I stil not able to find out which agent sold at tat price. Tat buyer must hav given UT. But should hav a recorded spa price at lhdn I guess. Maybe my runners not good enuf to find out.

Some refuse to acknowledge the gem of landed but die die must buy high rise. Tis can b considered???

http://www.iproperty.com.my/propertylistin...k-house-forsale

This post has been edited by ManutdGiggs: May 15 2014, 04:31 AM

aiyo Man U, already so long i told you di my friend bought 490k.. another forumers here just bought 535k.. or ask wybee78 he and his family owners what..

definitely LDHN got records for stamp duty adjudication.. why so hard, confirm with developers, still master title what, surely they have 1 copy of S&P as still need their confirmation as to who are the owners... better you can have the whole list of owners, ic numbers, current residing address, bank loans, type of bank loans, type of banks and etc... initial price and etc..

gosh 430 am... i got house to repo in Ipoh dis morning dat y early wake up... mb old man cant sleep..hehe

This post has been edited by bearbearwong: May 15 2014, 05:32 AM

Old man done jogging liao young man. Dun work too hard. It's harmful to body.

Btw bro bear u mentioned 490k which u need to convince forummers to blif it I supposed. I'm Soli I failed to prove athg sold at tat price in GT. I old man. Celi eyes. Paiseh.

Haizz traffic jam at tapah.. highway close.. I will try to convince..

http://www.forbes.com/sites/gordonchang/20...apse-has-begun/

China Property Collapse Has Begun

Nothing is going right for Hangzhou at this moment. Walmart will be closing its Zhaohui store in that city on April 23 as a part of its overall plan to dump marginal locations—about 9% of the total—in China.


Thanks to the world’s largest retailer, another large block of space in Hangzhou, the capital of Zhejiang province, will go on the market at a time when there is generally too much supply. The problem is especially pronounced in the city’s premium office market. Hangzhou’s Grade A office buildings at the end of 2013 had, according to Jones Lang LaSalle, an average occupancy rate of 30%.

The real weakness, however, is Hangzhou’s residential sector. The cause is simple: massive overbuilding. Sara Hsu of the State University of New York at New Paltz writes that Hangzhou faces “burgeoning swaths of empty apartment units.”

Hangzhou’s market has not yet collapsed. There are still secondary sales, for instance. Singapore’s Straits Times reports Allen Zhao, a businessman, has been looking to sell his two-bedroom flat in Hangzhou for 2 million yuan. His neighbor just let go a similar unit for 1.7 million. If Zhao also sells for that amount, he will make a profit, but he will be disappointed. “That is not much more than the price I paid in 2012,” Zhao told the paper. “Now I’m regretting not selling earlier—more bad news about the property market keeps coming in every day.”

New homes also face price pressure. Developers in Hangzhou are now offering deep discounts, and investors and owners are noticing. And not just in that city. “It seems that the 30% price cut in Hangzhou really changed the way Chinese people think about real estate,” writes Anne Stevenson-Yang of J Capital Research, “and I doubt there is any turning back from here.”

Not every developer is offering such deep discounts, but as Stevenson-Yang tells us the city has become the symbol of a market in distress. China Central Television on the first of this month devoted a segment to the problems of the “unstoppable price decrease” in Hangzhou property in its Economic 30 Minutes show, and discounts in that city, the Wall Street Journal notes, could be “a signal of broader market weakness ahead.”

The real estate market in Hangzhou looks like it has just passed an inflection point. It is not so much that fundamentals have deteriorated—they have been weak for some time—as that people’s mentality has changed.

As state-run China Central Television explained, the problems in Hangzhou, once the world’s largest city, began on February 18. Then, the North Sea Park development began offering deep discounts. Rumors that the developer had cash problems started a chain reaction across the city. It did not matter that North Sea Park issued denials. Other developers began offering either deep discounts or large incentives, but the tactics did not work. By then, there were almost no buyers.

Now, the problem of no buyers is spreading across the country. Sara Hsu notes China’s residential markets are becoming inelastic. “Once consumers stop buying,” she writes, “deep discounts are ineffective in drawing them back.” People aren’t buying because they believe prices will decline further.

According to the National Bureau of Statistics, new home prices across the country are still going up, but percentage increases have now declined for three consecutive months, signaling a peaking.

Official statistics do not seem consistent with the general trend of reports, but in any event severe problems are evidently ahead. The secondary property market has tumbled, with sales falling by more than half in Q1 2014 from the same quarter in 2013. Speculators have either left the domestic market or have sold off holdings. Rich Chinese, now interested in foreign holdings, are also shunning their home market. Foreigners, who own only an infinitesimal portion of China’s property but who are a bellwether nonetheless, are investing at the slowest pace in at least a decade. Middle class Chinese are also largely out of the market.

And that’s not all. China property trust sales plunged 49.1% in Q1 2014 from the previous quarter, from 99.7 billion yuan in Q4 2013 to 50.7 billion yuan. The precipitous fall was due in part to the failure last month of developer Zhejiang Xingrun Real Estate, which had 3.5 billion yuan of indebtedness.

Moreover, just about everyone expects more developers to close their doors. For one thing, the central bank is not injecting liquidity as fast as it once did. And interest rates are increasing, the reason why a Finance Ministry one-year bond auction failed on Friday. Many private developers had gambled that property prices would rise faster than interest rates, but that now looks like a losing bet. Zhejiang Xingrun, for one, became insolvent after it had borrowed at ultra high rates.

China is at the point where problems are feeding on themselves. Pessimism about property, which accounts for about 15% of China’s gross domestic product, is beginning to affect the broader economy. Declining property values look scary, despite cheery statements from government officials who assure us the property bubble is “not big” or analysts who say that the problems are not “systemic.” But the Chinese don’t look like they are buying either of those views. “If this continues, it will have immense impact on the whole Chinese economy,” says an unidentified Hangzhou real estate salesman on Economic 30 Minutes. “Without question, everyone thinks there is a bubble.”

The People’s Republic in the “reform era” has not suffered a nationwide property crash. Analysts say the problems in Hangzhou are “regional,” but now fundamentals and market sentiment either are or will be pushing markets down across the People’s Republic.

“The banking system and the shadow banking system are becoming concerned about exposure,” says David Cui of Bank of America BAC -1.26%. “Once people refuse to provide credit to developers, their balance sheets will be under pressure, forcing them to cut prices. Once enough of them cut prices, fewer people would buy because most people buy property only when they think the price is going up. If this persists, it will turn into a vicious loop.”

Premier Li Keqiang has a few tools at his disposal, but they look insufficient to stop a general collapse of property prices across the country. The problems, deferred from late 2008 with massive state spending, have simply become too large. And we must remember that he works inside a complex, collective political system that is generally unable to meet challenges swiftly.

But that does not matter. There is little any leader can do. Collapses occur when people lose confidence. That is now happening in China.

Yr job not bad, hv to wait up so early. Keep it up!

But Latuk nowsdays landed rental yield really kesian oh ! I saw 1 DSL sell for 380K but rental only RM 650

Can't even cover half of mothly installment.

Wat do you understand property investment?

^ but how does it applies to Msia? quoting for jolokia article

This post has been edited by andrewcha: May 15 2014, 09:13 AM

Yes, the layout not good .......and many "bad foreigner" nearby.... my friend regret bought one.

Malaysia is heading the same path. Regardless whatever economic difference our Wanks (oopppsss... banks) have, everything is easily foreseen with the attitude of the typical Malaysian.

but only for Iskandar right? KV not really right? But whatever it is i only can go subsales. with the tightening from BNM I still wonder how those new launch still got those sold out thingy.

This post has been edited by andrewcha: May 15 2014, 10:52 AM

Nope. Bear bear is right, even he never done it before but I done it before.

tunjuk ajar sifu