In demand doesn't mean can afford. Secondly, many landed project out of KL address already fetching better price and high appreciation than those either KL address. So we can't generalised.

Not disagreeing with you in all the economical data as well as the macroeconomic environment. However it is important to really evaluate good deal for investment for those going ahead.

This post has been edited by spydermind: Dec 13 2015, 06:49 AM

This downturn is expected or anticipated after some good years . For Malaysia. , the inflation really hitting everyone and resulting much lower disposable income. Secondly. , the sentiment is not good due to slowing economy in the region and China , low oil price and political turmoil in the country.

The net income is not increasing proportionally as well unlike those publication from the government which stated otherwise. This is a real concern as well . The high debt ratio is always a big risk as in the past Malaysian demonstrated unrealistic spending power despite having relatively low GDP per capita.

All these will hit the project market , expecting adjustment , price contraction , supply and demand balancing , etc. A prolong price deflation and slow supply and demand balancing would be good to the market and in klang valley, both price growth is growing very modest if not decreasing over the past 2 year's as well as the transaction in dollar or quantity have been gradually reduced. Of course this is general, zonal price adjustment or increase ewill still be seen due to other factors.

Let's hope for a steady adjustment rather than a sharp downturn

Sorry. Back to this . I am of the opinion that it will take time for bukit jail to turn luxury. So , the price positioning of this development is very crtical. Ttez already seen lowering the asking price to below 700psf..some even to 600 psf.

Yes. Typo. Treez.

I think skyluxe need to benchmark against Treez if it is targeting the same segment of customer. But for now , I think it will be challenging to price it higher based on the information available now on the positioning

Also need to take emote that for Treez, only about 150 unit. So easier for market to absorb.

This post has been edited by spydermind: Dec 14 2015, 02:49 PM

Really amaze the forward estimation. Good luck. I just hope that by then our money value not USD 1 = RM20

That's strange actually. Really don't understand the logic . Well, maybe I am missing out something here.

WCT Definitely not launching newer development with higher price and no developer will do so on an strategic integrated development land with such size at the current economy climate.

However, this move is expected by them to benefit the similar development and of course BJC is expected to gain more from this arrangement since it is owned by the same company (as major shareholder). Skyluxe will be benefited but the sentiment is going to BJC with the expectation that the buyer of WCT project is also looking or more interested in integrated development.

While we can call this re-strategizing or strategic alignment to maximize current sales, but this move really shows that the market is not is in very good shape. The inflation impacts the livelihood of people, the bank is becoming more cautious and the overall malaysia economic climate is heavily impacted by lack of direction, corruption scandal and all sort of other factors.

Skyluxe could take advantage of this to lure more buyers but they may need to readjust their approach to capture more market share.

actually the concept is good but the market is so slow. I thought it was more than 50% some time ago, unless people pull the plug.