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 Multiple Signs of Malaysia Property Bubble V20

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TSicemanfx
post May 26 2020, 12:05 AM

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QUOTE(solarwing @ Sep 3 2012, 06:54 PM)
Hi Bro/Sis, planning to get an unit at Palm Spring after view for twice, floor range 1-3.
After check with the bank value of the condo, is at RM 330k which tenants offer for RM 335k, is it worth to go for as fully furnish and 936sqf? Facing pool view.
Possible to request check with others bank value and follow the average?
Need strong advise.

Thanks.
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QUOTE(-TcT- @ Sep 10 2012, 11:47 PM)
This condo appreciates quite fast too.... middle of last year around 260k for 936sf. Now already 330-340kl range. Almost 30% increase!

New MRT station is very near, but I dont think this is a single contributing factor. Kota Damansara as a whole, had undergone a huge transformation, to a chic and happening place.

Not bad for a 2000 unit leasehold condo
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QUOTE(DaBaD @ Dec 11 2012, 01:25 PM)
Now reach 400k mark already
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QUOTE(kenny2501 @ Nov 26 2013, 10:36 AM)
Palm spring condo for sale below market price

* 3bedrooms 2bathroom
* 1,259 sq.ft
* selling price RM415k only. Market price 430k
* with 1 carpark
* non-bumi lot

call/whatapps 0123880837 kenny
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QUOTE(icemanfx @ May 25 2020, 11:56 PM)
Unit No. B-1303A, Block B, Palm Spring @ Damansara, No. 1, Jalan PJU 3/29, Kota Damansara, 47810 Petaling Jaya, Selangor
Reserve Price RM262,440.00
https://www.ngchanmau.com/property/33784
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SUSNew Klang
post May 26 2020, 12:12 AM

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QUOTE(icemanfx @ May 26 2020, 12:05 AM)

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No wonder Kota Damansara leasehold area

Think those nearby MRT like Mahsing's and Selangor Dredging should suffer same fate

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kkkw80
post May 26 2020, 12:18 AM

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Most of that area are leasehold. I bought Casa Tropicana back in 2002 a 1,006 sqft for only 190k and sold later for 470k. Never feel comfortable to hold leasehold for too long and that area is way too congested now
TSicemanfx
post May 29 2020, 01:34 AM

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QUOTE(AskarPerang @ May 29 2020, 01:09 AM)
No bidder. Is now below 300k.
Updated details as below:

A-3-12, Level 3, Block A, V-Residensi @ Selayang Height
Reserve priceπŸ”₯πŸ”₯RM 279,000πŸ”₯πŸ”₯
Leasehold until 2101
1210 sqft, 2 car park slots
Auction:  11-Jun-2020 (Thu)
*Non bumi lot

» Click to show Spoiler - click again to hide... «

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TSicemanfx
post May 30 2020, 12:02 AM

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QUOTE(AskarPerang @ May 29 2020, 11:49 PM)
Cheap lelong unit check in at below 150k.
Medium cost apartment.
Non bumi lot. Vacant unit.
Got a unit come with 2 car park slots.

H-06-15, Flora Damansara
Reserve price πŸ”₯πŸ”₯RM 145,800πŸ”₯πŸ”₯
Leasehold until 2117
850 sqft
Auction: Mid June 2020
*Non bumi lot
*Vacant unit

H-11-12, Flora Damansara
Reserve price πŸ”₯πŸ”₯RM 154,200πŸ”₯πŸ”₯
Leasehold until 2117
850 sqft, 2 car par slots
Auction: Mid June 2020
*Non bumi lot
*Vacant unit
Layout:

» Click to show Spoiler - click again to hide... «

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TSicemanfx
post Jun 1 2020, 11:58 PM

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QUOTE(JohnRothstein @ Jun 1 2020, 11:05 PM)
https://www.simedarbyproperty.com/instalmen...m_campaign=yiou

What is this all about?

Does 22 MONTHS OF LOAN INSTALMENTS ON US means the first 22 months sime darby will pay your installment?

If you bought RM800k unit, your loan installment is about RM4k per month, does that mean for 22 months Sime Darby will bear the amount? That would be like RM88k savings!

The ad also say this is on top of the normal rebates. So if the normal rebates is about RM30k, you would have saved RM118k from the original S&P price.

Basically, for those who bought the units before this campaign, they would have paid RM770k for the RM800k S&P price unit but for those who bought it during the campaign, they would only pay RM682k only.

That would be a HUGE difference!! So those who bought it before this campaign got screwed badly?
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TSicemanfx
post Jun 2 2020, 11:52 AM

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S P Setia Berhad has launched the Setia NOW campaign, which sees more than 1,600 properties nationwide being offered with a rebate of up to 48% from the selling price. Ongoing until 31 July 2020, the campaign is one of the biggest to have been launched by the developer.

Aside from the discount, S P Setia is also providing several other promotions, such as the waiver of booking fees, down payments, or legal fees. You may also get a free memorandum of transfer (MOT).

A range of S P Setia properties are included in the campaign, catering to a variety of lifestyles and household sizes. You can choose from condominiums, serviced apartments, terrace houses, semi-detached homes, villas, bungalows, and even selected commercial units. Location-wise, they are situated in the Klang Valley, Johor, Penang, and Kota Kinabalu.

https://ringgitplus.com/en/blog/property/s-...w-campaign.html
michaelchang
post Jun 2 2020, 11:32 PM

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QUOTE(icemanfx @ Jun 2 2020, 11:52 AM)
S P Setia Berhad has launched the Setia NOW campaign, which sees more than 1,600 properties nationwide being offered with a rebate of up to 48% from the selling price. Ongoing until 31 July 2020, the campaign is one of the biggest to have been launched by the developer.

Aside from the discount, S P Setia is also providing several other promotions, such as the waiver of booking fees, down payments, or legal fees. You may also get a free memorandum of transfer (MOT).

A range of S P Setia properties are included in the campaign, catering to a variety of lifestyles and household sizes. You can choose from condominiums, serviced apartments, terrace houses, semi-detached homes, villas, bungalows, and even selected commercial units. Location-wise, they are situated in the Klang Valley, Johor, Penang, and Kota Kinabalu.

https://ringgitplus.com/en/blog/property/s-...w-campaign.html
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Wait a few more months and many more developers will offer high discount
MGM
post Jun 3 2020, 05:54 AM

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QUOTE(icemanfx @ Jun 2 2020, 11:52 AM)
S P Setia Berhad has launched the Setia NOW campaign, which sees more than 1,600 properties nationwide being offered with a rebate of up to 48% from the selling price. Ongoing until 31 July 2020, the campaign is one of the biggest to have been launched by the developer.

Aside from the discount, S P Setia is also providing several other promotions, such as the waiver of booking fees, down payments, or legal fees. You may also get a free memorandum of transfer (MOT).

A range of S P Setia properties are included in the campaign, catering to a variety of lifestyles and household sizes. You can choose from condominiums, serviced apartments, terrace houses, semi-detached homes, villas, bungalows, and even selected commercial units. Location-wise, they are situated in the Klang Valley, Johor, Penang, and Kota Kinabalu.

https://ringgitplus.com/en/blog/property/s-...w-campaign.html
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Hate it when they say UP TO 48% REBATE, most of the time few units qualify for that. Ad gimmick.
DM3
post Jun 3 2020, 09:40 AM

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QUOTE(MGM @ Jun 3 2020, 05:54 AM)
Hate it when they say UP TO 48% REBATE, most of the time few units qualify for that. Ad gimmick.
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In this case for Bumi lots only
porselinaheart
post Jun 3 2020, 09:49 AM

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QUOTE(DM3 @ Jun 3 2020, 09:40 AM)
In this case for Bumi lots only
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Even those probably artificially inflated the price before the discount so in actual reality the discount not much.
daidragon12
post Jun 5 2020, 04:59 PM

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Why you guys think of the stimulus? I think more subsale units will flood the market
langstrasse
post Jun 5 2020, 05:02 PM

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Matila itu greedy developer, subsale avalanche incoming laugh.gif laugh.gif laugh.gif

This post has been edited by langstrasse: Jun 5 2020, 05:04 PM
daidragon12
post Jun 5 2020, 05:20 PM

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Not reflected well in stocks either πŸ˜…

user posted image

This post has been edited by daidragon12: Jun 5 2020, 05:20 PM
langstrasse
post Jun 5 2020, 05:25 PM

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QUOTE(daidragon12 @ Jun 5 2020, 05:20 PM)
Not reflected well in stocks either πŸ˜…

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Not surprising really.

But there's also the HOC hmm.gif
marukopi
post Jun 5 2020, 05:27 PM

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the one that really burst is boba shop at ss15

many kolos dy

This post has been edited by marukopi: Jun 5 2020, 05:27 PM
aspartame
post Jun 5 2020, 05:28 PM

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QUOTE(daidragon12 @ Jun 5 2020, 04:59 PM)
Why you guys think of the stimulus? I think more subsale units will flood the market
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Why oh?
Ron2828
post Jun 5 2020, 09:10 PM

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QUOTE(daidragon12 @ Jun 5 2020, 05:20 PM)
Not reflected well in stocks either πŸ˜…

user posted image
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Good opportunity to buy property stocks or actual property.The removal of LTV 70% for 3rd property is a huge game changer
mroys@lyn
post Jun 6 2020, 07:30 PM

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Long Q in property showroom today, some waited for 2 hours

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TSicemanfx
post Jun 6 2020, 07:32 PM

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QUOTE(mroys@lyn @ Jun 6 2020, 07:30 PM)
Long Q in property showroom today, some waited for 2 hours

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