QUOTE(cfa28 @ May 20 2014, 07:01 PM)
RM600K to RM700 on VP is fair.
RM850K, unless there has been some Game Changer, unlikely, cos this means 20% y-o-y increase and for Semenyih to have this kind of rates, nearer to KL must have 30++ y-o-y.
Then Residency V / SouthBank, selling at RM650K will be close to RM1 mln already on VP
Aiyo. Now selling RM 600k, we wanna buy also 4896 hard and from current response, it would be fully snapped up within hours. Takkan, 3 years after VP still fair at RM 600k unless property segment is stagnant lor, then I agree but I accept it. But if landed is stagnant upon 2017, I reckon the same for surrounding area like Kajang.
Btw, its tough to predict a y.o.y rates for certain projects in future.
If we look at Desa Park City upon its launching, the dev selling price is 30-40% higher than Menjalara and Kepong.
If the game on and after 5-7 years, DPC still on very high demand and the asking price is no longer 30-40% higher but even up to 50-60%.
Ex.
M @ RM 400k ( 8 years ago ) and now RM 800k
DPC @ RM 550k ( 8 years ago ) and now RM 1.5mil
DPC is 37.5% higher than M about 8-10 years ago and it was a maiden township without proven track of purely G&G concept. Ppl deemed DPC back then was crazy buy.
Now, DPC is higher by 50-55% than M and if based on price context, M is not selling RM 150k below RM 1.5mil but remains at RM 800k, which is consider good for me.
Anyhow, above is just my illustration and nothing a concrete info that any new township must perform greater y.o.y rates than older or next to its township.
Its an investment, nothing is guaranteed.