Within these few yrs. Property investors hardly gain profits from prop investment

Only developers and property agents will gain profits from property industry. So developers and agents will keep continue ask you buy buy buy, future prop prices getting expensive. But follow the trend now of oversupply, within next 5-6 yrs, 2ndary market of property prices drop is more possible than up.

prices wont drop as newly built properties wont be able to keep the old building cost. If developers cant increase prices and demand is dwelling...and they cant achieve the standard 30% profit to build...then they just wont build for the sake of building.

coupled with Klang Valley is still the magnet for new bloods to enter the market (as Malaysia secondary markets such as penang and Johore haven't been able to get close to klang valley)....these people will still need a place to stay, either rent or buy......

therefore I dun see property prices in future years will be lower than current year....profit wise, it still down to locations.....not all locations will bring you bag of profit.

also, construction biz is a key gdp factor in keeping our economic afloat to above 4 to 5%. if construction biz stopped or going downwards, the government needs to implement some drastic measures already.

Velocity residence is it. 1k psf is way overpriced for that area.

Don't need few years' time. Now also very hard already

Buy Cheap, Sell Higher Abit.

More importantly... the pricing and instalment of 80% to 90% loan is just right able to cover majority by commanding rental rate (assume using current rate). Property that gives a constant stream of cashflow is important today.

Some tenants will move to newer condos, but more importantly, newer condos must command better premium due to improvements in certain elements, i.e. walk-friendly to MRT and mall. Many other things...

Hence tentative price from RM3xxk.

This post has been edited by accetera: May 27 2017, 03:40 PM

Any idea on the unit size?
The price and density are about the same as PR1MA Alam Damai, if the size is >800 sqft then it is a good deal wo, with facilities some more

This post has been edited by blackkeng: May 27 2017, 04:07 PM

The road nearby the condo is only single lane ... it will be a big headache ... DBKL shall mandate those who build condo/property to also improve the road surrounding else will create traffic issues.

yeah...
too many of them..
any everywhere is struggle to rent out i guess..

How to contrast?
MRT walkable maybe sweat a bit(this) vs MRT ffk-ed(that and hoping for BRT).
This one not sure got swimming pool but that one sure no.

It's good for those idiotic flippers who took away people who really need a home. Now they shall race to the lowest rental/price.

This post has been edited by Quang1819: May 29 2017, 11:27 AM

the distance to KL and hype brought by LRT with sunway brand name... hence why the pricing... no matter they did it... for me... its still a very old area with improved public transportation only... haha.... spent at least 5 years around that area....

Flippers took away people who really need a house?
Seriously?

Since when and which developers said any projects are for flippers only allow to buy?

I even read in eco majestic thread.....one guy bought the 1st phase....and upon vped.....decised to keep for his holiday home.....will not moved in.....in your opinion did he rob a chance for real home owner a place?

My biggest concern of this project is the limited variant of layout for 2,000+ units. As far I know there are only two typical layouts 650sqft and 810sqft. There will be little differentiation among the units except price and facing.

For homebuyers, it is quite attractive proposition as you get sub RM500k house with close proximity to a mall, easy access to highways and MRT to boot in. But need to wait at least 4.5 years la to get your house la.

Flipper/ investors can smell blood from far away. While home buyers are still doing their due diligence... these bunch of people already grab any available units. Classic case like Titiwangsa Sentral.... Even bread crumb also not available for public....

Flippers or investors dont have special power and ability that ordinary home buyers have.....we are all equal.

Those earlier buyers put time n effort into looking for properties. Perhaps home buyers rather spend time playing video game facebooking and lepak in shopping malls?

haha... so would you ask you kids to put more effort in properties in the future instead of letting them lepak? hahaha

What has properties to do with kids?

Perhaps you should start charging them rental once they hit 18yo...so that they will learn the value of properties....

I learnt that at the age of 21yo....

i mean your kids when grow up eventually.... i experienced my first rental payment once hit 18 yo.... lol.... college needs.... haha.... more freedom... but cash running like water...

U mean u cari wang dan kasi rent or

Daddy kasi rent money?

it is not about special power. it is about different priority and perspective. For homebuyers, they are looking sam sui units, layout, finishes, concern about risk of completion and workmanship etc etc. The capital gain upon VP probably the least priority. The unit selection may hedged on their lifestyle and family sizes as well.

Where else flipper, priority is to make money.

Then again.. for flippers who want to buy Maxim Majestic... All the best!