http://property.sinchew.com.my/node/2638?tid=4

During DIBS time alot of youngsters bought multiple properties in hope that they can sell those properties once VP and make some good return. Well... i think this plan will remain just a plan.

If they can't sell the units off, they will have tremendous pressure when they have to start servicing their loans after VP. With interest rate increased by 50 basis point, even worst if it goes up to 100 basis point, they will have to throw these properties into the market with substantial discount!

Those bought it 3/4yrs ago i think still have rooms to adjust when come to sell in secondary market as the entry price was relative low. But those simply bbb last 1.5 yrs, i am not sure they have rooms to breath in few yrs time as prices and rental nowdays are crawling and hard to move up. Only those "right stocks" ll do well in future. Now watever properties also performing ok lol. No one has the crystal ball, lets see in few years time, which projs will be the star and which are not.

This post has been edited by MrHunter: Jul 20 2014, 11:07 PM

I think I'm one of the youngsters.... OoOOo

So, does it mean let's wait for a down of subsale price and then sapu??

Why is that?
Boss, can you elaborate further?

please explain further... Boss

This post has been edited by soon9913: Jul 21 2014, 10:56 AM

I always believe that opportunities are for those who are ready to act! He he he...

Wah... Ah Soon gor, how many units did you sapu?

I think EkoCheras is still relatively safe because of good location and accessibility. Other condos without strong selling point i think tough luck!

Hi Neonikson1 boss, Can enlighten me by providing examples of KV condos without strong selling point?
You may use PM in case the examples are sensitive.
Thanks.

Jagalat bro, I will make it general. In my humble opinion, i, personally think that these condos that fall into these category would be harder to sell:
1. Lack of facade and facilities
2. No public transport accessibility (Bus, KTM, LRT, MRT)
3. No amenities or substantial commercial activities within walking distance (less than 1km)
4. Far away from major highways. (have to take min 15 mins just to reach highway)
5. Possible landslides area
6. Near light/heavy Industrial area (more polluted area)
7. Near high-tension
8. Near dump site or septic treatment plant
9. Near cemetery
10. Student residence or Africans residence (I am not racist lah, but they really bring down the image ($$$) of the property)

Feel free to comment or add to the above.

Tropicana Garden phase 2 got MRT but leasehold plus too pricey for the location.

oh ya.. is it selling for RM1000 psf now?

I think if got MRT/LRT but if overpriced i.e. more than 900 in selangor also will die! Not everyone wants to sit that long in a train to go to work

Yep, price point is definitely a key factor. How could i missed it!

0. Too expensive

1. Lack of facade and facilities
2. No public transport accessibility (Bus, KTM, LRT, MRT)
3. No amenities or substantial commercial activities within walking distance (less than 1km)
4. Far away from major highways. (have to take min 15 mins just to reach highway)
5. Possible landslides area
6. Near light/heavy Industrial area (more polluted area)
7. Near high-tension
8. Near dump site or septic treatment plant
9. Near cemetery
10. Student residence or Africans residence (I am not racist lah, but they really bring down the image ($$$) of the property)

so based on the list above, it is obvious why i invested in EkoCheras.

ekocheras is a very good prop! how much did u pay for ur unit on a psf basis after discount

Noted.. Thanks again.

Item 5 is a bit difficult to tell for EKC.
BlkE near the Tmn Billion slope.
Many years back, there was a minor case happened.

Mine is a 762sf duplex in Blk J, RM509k with 7% discount, so around RM621 psf.

This post has been edited by neonikson1: Jul 21 2014, 03:50 PM

dam cheap dam worth it! sure win wan this EKC!