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Investment PINNACLE SRI PETALING [OWNERS' THREAD], New Height of Iconic Development

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DS4
post Sep 24 2016, 10:47 PM

On my way
****
Senior Member
670 posts

Joined: Aug 2016


good location but the road too narrow.
Need to upgrade, but we all know nothing can be done.
DS4
post May 13 2017, 08:22 PM

On my way
****
Senior Member
670 posts

Joined: Aug 2016


QUOTE(Hanz91 @ May 13 2017, 07:46 AM)
Am seriously considering to cancel my purchase based on the below points:

1. High Purchase Price, low room for capital appreciation in the future

2. 500k for only 2R2B doesn't seems right, If this is a unit I plan to stay for the rest of my life or long term then its ok. But since its only 2R2B i believe once I get married and have kids I'm gonna have to shift to a bigger unit. And it's gonna be difficult to sell off the unit at such a high price with the possibility of no profit and might even incur losses due to the interest I have paid over the years.

3. Only 1 carpark and its at lvl 9, entrance goes to lvl 3 straight, still gotta turn up 6 floors to my carpark

4. Balcony facing directly west which will be hot in the evening and I believe most ppl don't like getting a west facing unit.

Any sifus able to provide any suggestion? It's my first property so still very inexperience. Appreciate your opinion in this.
*
Within 5km radius from this development,
Can find at least 3-4 wip project,
Of course of maybe closed for application such like lanai bkt jalil...
Don't waste your privilege as first home buyer as there are many choices in market right now.
Always remember to carefull make use and plan for your available whistling.gif dsr

DS4
post May 13 2017, 08:22 PM

On my way
****
Senior Member
670 posts

Joined: Aug 2016


QUOTE(Hanz91 @ May 13 2017, 07:46 AM)
Am seriously considering to cancel my purchase based on the below points:

1. High Purchase Price, low room for capital appreciation in the future

2. 500k for only 2R2B doesn't seems right, If this is a unit I plan to stay for the rest of my life or long term then its ok. But since its only 2R2B i believe once I get married and have kids I'm gonna have to shift to a bigger unit. And it's gonna be difficult to sell off the unit at such a high price with the possibility of no profit and might even incur losses due to the interest I have paid over the years.

3. Only 1 carpark and its at lvl 9, entrance goes to lvl 3 straight, still gotta turn up 6 floors to my carpark

4. Balcony facing directly west which will be hot in the evening and I believe most ppl don't like getting a west facing unit.

Any sifus able to provide any suggestion? It's my first property so still very inexperience. Appreciate your opinion in this.
*
Within 5km radius from this development,
Can find at least 3-4 wip project,
Of course of maybe closed for application such like lanai bkt jalil...
Don't waste your privilege as first home buyer as there are many choices in market right now.
Always remember to carefull make use and plan for your available whistling.gif dsr

DS4
post May 14 2017, 08:41 AM

On my way
****
Senior Member
670 posts

Joined: Aug 2016


Capital appreciation for condo are mostly depending on upcoming supply or new launch prices surrounding.
of course new supply very much depending on market rate of labour, materials and machinery cost, as well as land cost.
All these TCC increase will only caused house price increase as developer's job is only markup....
A lot of people did not know that their house price increase was actually due to TCC increase majority also due to inflation....
DS4
post May 14 2017, 12:17 PM

On my way
****
Senior Member
670 posts

Joined: Aug 2016


Yes. But rental yield is mostly apply to commercial building.
Under RICS development appraisal guideline,
The estimation of Development value for commercial building are using investment yield method of estimation.
For residential, a comparison method of similar property type located within vicinity is more appropriate especially for those high end building with high TCC but couldn't command for high yield...

 

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