EcoHill or EcoMajestic........?

Thanks!

I see it as a trend now, one must look out of KL in order to get a decent landed property below rm600k. Kajang is already quite expensive, so next would be semenyih. Also I'm hoping that mrt would be extended to semenyih.

Country Garden's Diamond Residence.

Ya... It has a lot of momentum now, hopeful it will be developed into something which is self sustainable.

mayb will extend.....after 20 years...

Could be, just guessing.

I think by then one unit of terrace there would be rm2mil or more?

Rm600k with a average increase of 6% per year, over a period of 240 months. Ya... Would be around rm1.9mil.

This post has been edited by neonikson1: Sep 6 2014, 12:17 AM

if semenyih can go to 1.9mil..others area like PJ, KL will be 3mil above...

You are right, with the price tag of rm1mil now, growth rate of average 6%, for a period of 240 months, it's about 3mil, rough calculation.

This post has been edited by neonikson1: Sep 6 2014, 09:18 AM

Too much optimism going on in here. Pouring some cold water. The property market in the next 10 years will be different from the last 10 years.

Would you like to share your opinion and elaborate further about next 10 years?
Thank you.

but most of the Malaysians average income still below 10k per month...property investment only will for elite group of people in future

This post has been edited by bigman: Sep 6 2014, 10:36 AM

If one terrace house at Semenyih is worth million then I think many selangor ppl are millionaires .. n KL ppl is multi millionnaires

There is always up n down in the market. Look at stock n commodity markets.

In my opinion, It is difficult to buy RM million property with household income below RM10k.

Again, no one can predict the future, we can only based on historical figure and project what will be like in the future. Since 1990 til todate, the property prices in KLV has increased about 4-5 times, let's say 3 times；

300%/24 years = 12.5% per year growth

With Malaysia's GDP consistently stands around 5%, inflation 3%, for housing to increase 5% yearly is the most conservative i can think of, again, over a long period of time.

Yes Ah Soon kor, that's why it is a good idea to grab a landed property when it is still affordable. In the future, even terrace house (G＆G) is only for the higher income group.

This post has been edited by neonikson1: Sep 6 2014, 12:54 PM

You are right again Ah Soon kor, with ringgit shrinking day by day, 20 years from now, millionaire is going to be quite common.

30 years ago, a bungalow in KL would only cost RM50k, today at least RM3mil. That's an increase of 600%.


Dont ask me how people can still afford it, but that's the magic of economics. Somehow we will get there.



This post has been edited by neonikson1: Sep 6 2014, 01:07 PM

when millionare is bcome common...i think those got asset more than 10 million just can considered as elite group...

My opinion is worthless here and is likely to be not accurate. I believe everybody here has in mind how the property market is going to look like in the near future. In retrospect, we could always see there are lots of rear wind driving the market forward. Anyway, Ekocheras is a good project as long as its residents or tenants are of high quality.

Any more non bumi unit available or when bumi unit to be converted?