My ideal is to give 1 Landed and 1 highrise to my children so that they can stay in the Landed and keep the highrise for investment or for their own children. So in this case, I hope to be able to help my future 2-generations.

For Landed, I cannot afford KV area, so it has to be in South of KL.

For Highrise, buying in South KL is a BIG risk at the moment, so I have to confine to hotter areas like OKR, etc.

This is just friendly discussions. We should always refrain from playing 'Who has the biggest D1CK"

This post has been edited by cfa28: Nov 10 2014, 01:58 PM

Well, most ppl here have answered here that "its better compared to under the Bridge".

For me, its okay if my children want to sell the Property after I am dead to buy another property, The living should never live for the dead.

I just wanna give them some capital so that they can have some head start in life.

But as long as I am alive, the property cannot be sold lah, of course, cos its Mine until I / the wife are dead

Apart from the common sense that older property may need more $$$ for reno and repairs, there is also other factors such as Concept & Lifestyle

Newer Properties incorporate Concept & Lifestyle in the township such as SEH, Eco Majestic, TH, Nadayu 92 that the older Taman in Kajang such as Kajang Perdana, Kajang Prima, Kajang Utama cannot / do not provide.

So, the price has also been incorporated.

nobody has a crystal ball to see into the future 20 to 30 yrs from today.

Am just explaining why some new launches in the same general area cost so much more compared to existing older properties in the same general locality.

However today buyers seem to demand G&G, Lifestyle living and think this trend will continue going forward with newer and more trendy concepts like double frontage.

Nobody buys a scarce product and resell at the same price.

The Laws of physics says that "two objects cannot occupy the same space simultaneously". Hence if you have bought a house, it means that there is one less house and with a growing population (Demand), and supply being limited, prices must increase.

The only question is by how much?



This post has been edited by cfa28: Nov 10 2014, 03:29 PM

Hi Bear, lets go into specific on Bukit Beruntung.

TBH, I am an old man, already pushing 45, so I was old enough to know about Bukit Beruntung and could have even bought into Bukit Beruntung.

Today, we look at why Property prices are depressed in Bukit Beruntung.

The Answer is simple - cos there is ready supply in terms of completed and abandoned homes but there is NO demand. Hence, Prices are Low.

Now why there is No demand, cos the Centre of Gravity is towards the Southern Corridor.

Brief History Lesson.

In the early to mid 90s, in the times of TDM,the talk in town was that the Centre of Gravity would be in the Northern Corridor, Linking Selangor to the Silver State (Perak)

Land & General wanted to be the front runner and bought huge parcels of Land and decided to sell and many people were enticed to buy. I was in my 20s and amohst our friends, we talked about buying a unit there but at the end, we did not.

Then, two things happened, the first being the Asian Financial Crisis and TDM announcing that the Airport will be in KLIA and togeter, the development of the Southern Corridor now known as Putrajaya and Cyberjaya and Bukit Beruntung, Rawang was abandoned. L&G wend under and the situation has changed little for past 20++ years.

Today, we look at your comparison of Setia Alam and Semenyih vs Bukit Beruntung.

The Analogy is not comparable.

When Bukit Beruntung was abandoned, there was hardly any infrastructure there.

No 3-Lane Highways

No Public Transportation

No Malls of any kind.

The country went through a Financial Crisis / Recession.

Even if a Developer were to revive the Projects, it would not be viable without the necessary infrastructure.

In fact, only with LATAR, etc, is Rawang becoming viable and some Developers like Mah Sing starting to build there again.

Now we look at Setia Alam. It has a highway.

It has a Mall - filled with outsiders as u may claim.

But the houses are completed. Yes, it may be vacant but its not abandoned.
.
If SP Setia decides to give up on Setia Alam, there will be ready takers in form of other developers, the issue being only pricing

We look at Semenyih.

It has PLUS Highway to Kajang. MRT also stops at Kajang.

It has SILK Highway

It has LEKAS Highway.

Kajang is almost fully developed with only small parcels of Land, so the natural progression is either Bangi or Semenyih.

Problem with Bangi is most Land are Bumi Land so, there won't be huge developments there.

Of course, Southville, etc is there but that's about it for the time being.

The issue with Semenyih is only on pricing.

Is it overpriced - the answer is YES, cos they are selling at Kajang prices already

But will it end up Abandoned like Bukit Beruntung - the answer is NO.

Subsequent phases might be delayed until the right time but it WILL NOT be Abandoned like Bukit Beruntung.

It does not matter if there are many Vacant Units. To Developers, sales has been done and its up to the Secondary Market to find the equilibrium price.

Now on the population part.

Pricing is always a function of Demand and Supply.

If you are the Supply Side, u also will not Supply 1,000 units if there is anticipated 1,000 Demand.

To build momentum, future profitibility, you will build at most 50% to 60% of anticipated demand.

This is cos

1) Not all of anticipated demand will translate into real sales

2) Company must always be a going concern - if u build 100% today, tomorrow u will go bust

Now the real issue of this anticipated demand, how much is

1) Genuine own stay
2) BBGC - Buy Bu Give Children / Long Term Investment
3) Buy to Flip

The above is based on desirability of demand to the overall industry

A bit of speculation is good

Excesive speculation is bad

Demand in SG has dropped cos the Govt has imposed additional stamp duty on foreign purchasers

HK also imposed additional stamp duty to deter excessive speculation

China has a huge risk of property bubble popping anytime
\



This post has been edited by cfa28: Nov 10 2014, 05:43 PM

Sorry, forgot about Talam being there also. Yes, Talam also was in Bukit Beruntung.

L&G was in Sungai Buaya, the more high end development.

Lumping the 2 as its general locality right.

Ai Yoh Bro, couple buy studio - you scold. Couple buy 3 storey link house - you also scold. I got friend, DINKS - buy Semi D - you are sure to scold

FYI - DINKS = Double Income No Kids

The Highrise is located nearer to KL City

The Landed is much further away

i think almost all places having ridiculous entry prices perhaps save for Rawang, Serembann Nilai.

Okay, bro, let me start. For TH, Phase 1, I predict a 5% increase p.a. So, for Phase 1, the average price for late birds was RM820K++ * 5% * 2-yrs to VP, I predict an asking price of RM900K on VP for the intermediate units.

Market is softening, else I would have predicted 10% annual increase. So be more prudent, 5% pa is good enough for time being, as development progress and ppl buy into the entire concept & masterplan, perhaps 10% to 15% jump, then stabilise at say 8% p.a.

BBW, since u mentioned this Padang Tengah so many times, can u educate me as to

1) What was price of MF1 when it was launched and how much is it now (also when was it launched)

2) What was price of MF2 when it was launched and was it fully sold

TQVM

BBW, I am asking sincerely - u can read my previous postings.

Just wanna increase my knowledge only and see if there is really a DDD like u are talking abouy

In any event, makes no diff to me cos I am chasing Landed only and for Long Term

TQVM for the price range of MF1 & MF2

I suspect when MF2 gets VP, they will try to flip for RM700K to RM800K

Now whether they get it depends on

1) Will owners of MF1 also want to try their luck and also sell at between RM700 to RM800K

2) Price of surrounding properties

3) Overall economy

Very hard to say, there are many properties around Kuchai Lama, OKR, Sungai Besi

RM800K is possible

After all, 9-Seputeh buyers are targeting RM1.5 mln on VP with the Monorail and Interchange



This post has been edited by cfa28: Nov 14 2014, 02:11 PM

MF1 was built as a RM300K to RM400K property

Just because sub-sales Value has > RM700K, it does not become a RM700K++ like those in MK, etc

Just like Pearl Avenue right

yep, 9Seputeh layout very weird, lots of corners, diamond corners in the bedrooms.

But the price of the 1400 sq ft is quite value for money in terms of psf basis

Too Bad its leasehold, else I can consider

saville @ Kajang - don't believe in Highrise @ KL South

Hmm, the rest thought its sold out already

oh that saville

Say lah you bought, your friend bought Residency V

But how come your 700 sq ft after rebates so expensive at RM680K

My Wife bought 909 sq ft at RM690K only (before rebates) - lower floors of course. But who cares if u want for rental yield and targeting families

This post has been edited by cfa28: Nov 14 2014, 05:28 PM

I don't intend to sell, unless perhaps it has reached RM1.5 mln and I can grab 2-landed in Semenyih.

To me Paper GA1N is all fake one, real GA1N is $$$ in the Bank after sale is completed.

What floor your friend bought ??

congratulations on your their purchase

OKR is always a good place to buy, whether for own stay or long term investment