have a quesiton to ask all sifus

not sure am i asking in the correct thread.

i bought a unit of CITIZEN 2 condo by BINASTRA( my first housing property) on 2017.

After 3yr+, the price doesnt even go up a single cents, but instead it went down.

Should i sell it off?

or keep it?

Can you financially hold it? If yes, then hold it.

yes i can.

but i have another tasty offer from my agent for Setia alam U3. for only Rm 500k.

Double storey somemore.

so planning to let go and go for the Setia alam u3.

If you are planning to buy this project, you might actually have to buy it with cash. A number of banks Inc CIMB and Public Bank HQ reject the mortgage for this project. Branch level approve but HQ level reject because high NPL from previous applicants (suspected that the developer mark up the prices to give owners high cashback, end up owners take the money and run).

well, the Budget 2020 are mainly focus to solved overhang units in primary market.

when is good time to buy?
a. when i got many cash
b. when market crashed
c. when my friend bought this project 5 years ago, he sold and earned RM50k
i attended DS Gavin Tee seminar before CNY 2020, the invited guest lawyer are mentioned overhang units in primary only 20% of overhang total amount. the rest of 80% are in subsale market.



if cant see the video above, please click : https://youtu.be/kSi1m2FooTk

So true. Look at brickz. Average price of 340psf only. I think many buyers here could be seeing 50-100++k loss since they bought.

https://www.brickz.my/transactions/resident...ajestic/landed/

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from 10 unit become almost 20 unit 

No bidder. Drop below 200k now.
How many bidders gonna enter this round then? 

A-11-10, Block A, Cybersquare
Freehold
450sqft, 1 car park
Reserve price🔥🔥RM 189,600‬🔥🔥
Auction: 21-Mac-2020 (Sat)
*Non bumi lot

Possible 60k by year end. if no picker.

Cyberjaya studio below 200k will attract interest from buyer.
Unless from those older project like Domain. That one maybe need below 150k.

Another landed unit available in the lelong market at cheap price.
Is it cheap enough?
This is 3 storey villa (Citrine) - Corner lot

Details as below:

2, Villa  Citrine, Jalan  CSR  4, Cristal Serin Residence
Reserve price 🔥🔥RM 826,800🔥🔥
Freehold
Corner unit
Land area: 32" X 80"
Built up: 2976 sqft
Auction: 21-Mac-2020 (Sat)
*Non bumi lot

Actual image:



See the layout here: https://s3-ap-southeast-1.amazonaws.com/sta...227db5506b9.pdf

The SPA prices almost touched 2mil for these Villas, but the developer gave around 30% discounts, bringing the nett prices down to 1.3-1.4mil plus

So yeah, either way the owners from the previous lelong rounds have lost ard 500k for each unit

The recent 2 Villa Diamond units were also lelonged at 800k+, and both were from the same owner, so imagine the losses he had raked

yes i can.

but i have another tasty offer from my agent for Setia alam U3. for only Rm 500k.

Double storey somemore.

so planning to let go and go for the Setia alam u3.

Icy how long need to wait again ??? Baby bearbear also want enter kindergarten Liao

so is this still a good time to enter the market as an agent?

-A/Marine
- Total 242 units Condominiums
- 2 Blocks of 25 storey high
- Leasehold
- Tower A 105 units and Tower B 137 units
- 1,306 to 2,836 sq feet ( smallest size, 1,306 sf units only available at Tower A )
- Maintenance Fee RM 0.30 per sf

- Tower A was launched at RM 550 psf onwards, DIBS 5% early birds and no furnished.
- Tower B was launched later, from RM 600 psf onwards, same DIBS, 10% discount and no furnished until now
- Tower B units left the most, as I remember correctly, due to most snap up the Tower A during preview bcz Nautica sold at RM 600 psf onwards but with furnished.

- Tower B has the best view, lake view plus swimming pool and sight seeing future Sunway GEo / Sunway Pyramid
- Tower B only have 1,500 sq feet onwards and price should be around RM 880k onwards before discount
- Completion should be around June / July 2013
Lower density than La Costa's 377 units on about 5+ acres land while A'Marine only within 2 blocks on a close to 7 acres land.

La Costa priced were higher after one of the block ( Block B I think ) sold to them and balance units were increased to RM 600+ psf onwards and throw in some furnished. La Costa's Olympic Pool and Facilities would be much elegant compare to A'Marine.

Location wise, both are quite equals but I prefer A'Marine's location and lower pricing. One could prefer enjoying driving deeper for landscape sighting before reaching La Costa.

Indeed, the location is very superb and great amenities nearby. I would say " quite a potential condo's within landscape park" where similar to parkhomes within a landscape park in Desa Parkcity. Few hundred metres away from LDP, Kesas Highway new exit/entry and NPE. About 1-2 KM away from Federal Highway, Kesas Highway ( previously ) and leads to PLUS, NKVE and SMART.

The early phase prices were too crazy, where matching even MK high end condo, and now, many do not know the surrounding of the Sunway South Quay, which is quite not bad. For many, the pricing is too steep for a Leasehold development. As many of the new launches were sold much higher, I have no doubt South Quay condos now would be back on track since those were selling about RM 600 psf with DIBS and 10% discount to offset the S&P Price.

Lelong unit check in.
Cheap enough?

A-03-06, Block A, A'Marine Condominium
Reserve price 🔥RM 720,000🔥
Leasehold
1481 sqft
Auction: 28-Mar-2020 (Sat)