4 yrs condo normally a fancy fancy development with greater price tag.

To add on the 4 yrs progressive interests, the acquiring costs is even higher. It would be highly untested in some area and there would be plenty of supply in congested area.

I understand Chimes and Perennia a lot of investors. But I dont think all these investors are looking for rental as their prime investment target. Majority should be flip bfore hold to flip in the short term or longer term, some may consider rent out if they keep in long term, bcz it requires some 20-30k reno or touch up. That is a cost to set up a rental investment. Btw, Thats quite common for new landed township if we see occupancy is slow and many flippings, it impacted by the current market situation.

It needed time to justify. Some ppl plan to move in, but they rather aware if their neighbours are moving in at the same time.

Its because "timing", market conditions and grace period for the township to mature. Occupancy just starting, not yet reach the stage of filling in.

SEH, EM and all new major townships be the same. Guess PH also not booming in 2 yrs time but it took more than 10 years.

Btw, I predict its not because of Penduline.

Yes. Timing is a very crucial aspect for someone who is buying and selling too.

See the timing of 2010-2012, when property market upwards, almost everyone is selling and buying.

Now is the stagnant market, almost everyone is holding or choosy to buy and sellers are worried to sell n reluctant to hold as expected.

Its not only applicable to new townships but almost entire KV except the more liquid projects. A lot of shoebox facing hard time too. 2016 would be worsen as this is the period where all majority RM 550-650 psf props are going to deliver. I cant see most of these easily to flip with an extra RM 100 psf. Not sure anyway. ROI on rental for these pool of apartments shouls be lesser too.

For townshio like BR, its better to plan for ROI on appreciation rather than ROI on rental.

With the current market conditions, it would be a bit tough for early phase owners to flip, then comes along the number of units available and this is almost 2000 acres township.

Even on good market conditions, Chimes and Perennia also might be doing so so upon VP because the value of the township is coming but not approached yet. There are a lot of deciding factors into buying.

Even DPC properties, it did not have massive appreciation upon VP but after 5 years. Some subsale buyers are more untung than their predecessors given a same RPGT bracket were given.

Above would also applicable to SEH and EM, but I believe most buyers also aware of it.

I dont think the slow of Chimes is caused by Penduline coming up. The price is almost on par but the entry is different but a bit subjective. Imo, there are some Chimes on market are a lot cheaper.

When a prop approaching a price tag of RM 600k+, on the shoes of real buyers, they will consider the size of 22x75 vs 20x70 whether which is buyable. Based on land size alone, it differed about RM 100-120k. If Penduline is selling RM 650k, means on same value on Chimes should be around RM 750k min, I deduct the S&P and MOT upon subsale, RM 720-730k for a Chimes is still worthy challenge compare to Penduline, however the 2 yrs interest could be a deciding final element, where if buy Penduline the 24 mths progressive interest is approximately RM20k ono but to hold 2 years on Chimes vacant unit was about RM 60k interest.

Furthermore, Penduline is only 2-3% discount. So those who really intend to buy BR and move in, I believe Chimes size and supply ( good price ) would be huge factor for them to buy rather than wait Penduline. On the other way, those waiting for Penduline might have their own reasons, probably due to 2 yrs construction stage and minimal cash flow outlay bfore the BR emerge to another level in 2-4 years period.

Ya. Quite.

I not sure but I expected the price now vs the price in next 12 mths, not much difference but stagnant. Or else, at most at 5% increase. Not easy.

At this market, I also trying to sell one first and use the fund to slowly hunt a good landed next year.

Worried of my cash flow next 1-2 year. Taking few VPs now until the end of 2016. Somemore I nvr sell anything since 2010. Wanna dispose 1 to keep my remaining new units vacant.

U sure u serious to buy or not? lol.

You call any 20 agents, wait few days or 1 week, sure got few dead chickens and I scared when you heard the price good until you probably not dare to reply the agent to view the actual unit.

Haha, not many la boss. One or two already making me starving to death.

Hmm, I think I a bit scared into highrise dy, although I dont have any highrise VP next year bcz next 1-2 week would be the last piece, I plan to dispose one while the price is consider very decent in return in such market. I never buy a highrise cost more than RM 400 psf bfore, so if approximately to have RM 100k return, is damm freaking good for me dy based on current market as I using COCR as my investment return. Furthermore, I intend to keep landed now esp the Majestic piece which going to deliver by end of 2016 and the cost of holding is a bit high as I prepare to keep it vacant as long as possible.

When you keep a good prop longer and found out that the return is suddenly more than 300% appreciation, you would never sell it, bcz you know you never able to buy it back. Thats the part of an investment up and down.

+1 to Jason Boss! Hehe. Exactly my answer dy. lol.

Ya, I am more a bit like Faizul's method to use COCR. But COCR only is good if we taking 90% loan or lower dp with discounted properties. Previous years can be having good COCR but now, I think lesser, thanks to the high price now.

Couldnt agree more with you boss.

Cash flow is very crucial ahead of 2016 and I prepare 2016 could be tougher compare to 2015. Hopefully its better upon next year end. I believe many tend to dispose 1-2 prop to accumulate some cash for a good buy next year, but I wanted to do so with cautious. Or might be aiming just cheaper apartments. Thanks god I nvr buy anything in 2015.

Of the 2 props I intend to sell, I believe the return is very decent at abt at least RM 80-100k nett off everything. However, my best asset remains as The Zest. Although the price around the same since last year, but the demand is damm good.

Hehe. I getting my key or VP in next 1-2 weeks for my most expensive condo, RM 400 psf with DIBS. The rest already answer by Jason Boss.

Ya, holding cost now compare to back in bfore 2010 is very different. Back then, u hold 5 props only costs RM 5k-6k max installments. Now, any 5 props would costs RM 12-13k now provided all about RM 500k props.

For good landed like in huge and great township of EM, and based on location, I dont think the rental would be good and tidy, or I nvr expect can breach RM 1.2-1.5k for my small landed. Therefore, I not willing to spend my cash for reno or furnished it as it easily costs about 2-3 years rental value. I rather keep it vacant n rent out my apartments on hand.

Peri Boss, I think market value of Chimes can easily reach above RM 700k or if CIMB / MBB can be higher ( am sure they can ) but I worried the multiple lower price transactions caused the high value to be pull down in their supporting data.

What do you mean by 6% transaction price?

Ic, if u intend to mark up, then not easy. I believe some younger sellers willing to, but subject u bear the RPGT for them. However, u really need some good agents to nego this for you. Some stingy uncles and aunties, really susah. They will claim " how can my Chimes only able to sell RM 620k if the value can reach RM 750k!!!!!"

It was the issue upon VP but now no more dy. owners complaint and JMB enforce to kick all out.

Hmm. If we call developer, surely they will tell us they not guarantee but to advise us to go Q if possible. They can see the response based on registration and number of ppl Q later.

If Chimes upper living hall part is not that crucial for u and your family, suggest u to go for Penduline. Ya, construction period interest is vary, it is around 3-4% of your loan amount. If IJM claim faster, prob max at RM 20k ono. If IJM claim slowly and ur house early VP, maybe just RM 10-15k.

But, how abt if u sell ur current apartment to cash out for renovation part?

Btw, ur EPF is part of the funding into buying a house.

Good luck if u going for ballot.

Oh sorry. Actually I prefer queue rather than ballot. Hehe. I unsuccessully ballot a Chimes back then.

Hmm. IMO, they already launched a lot of houses in 2-3 years time. They should continue launch slowly, definitely they wont stop for more than 9 mths but to protect all the houses sold value, they should slowly do so.

Even EW doing so in EM. They already sold 1500 houses in 1 year plus, they oso keep launching but in slower mode and release 100 by 100.

Thats is an excellent choice then.

Strata Title - Must be bind with DMC for Gated& Guarded

Individual Title - Can be with DMC for Fenced & Guarded

Individual Title - Can be with RA to set up guard house with boom gates later

Go go go IJM and BR!

Good pleasure to hear they let the registrants queue via staying inside the showroom. Closed out the showroom is also a better measurement for security unless they have enough bunch of crowds for queuing.

I think after EcoWorld did the show of providing special treatments to those queued for Merrydale in a heavy rain night early this year, I feel a lot of developers follow suit. Well done.