So R U now going to grab 1 when it has dropped to bottom in maybe 1-2 years time ?

Trams are coming maybe after BeeeN win the election, and after another 5 more years.

No lah..my quota finish already..haha

Has anyone actually been to the developments being auctioned?

Drove by mirage by the lake the other day and most of the lights were on.

What a surprise. Both units also no taker today. Will be really too cheap now.

SB-06-02, Tower B, Paragon @ Pan'gaea
New reserve price 🔥🔥RM 212,580🔥🔥
Freehold
675sqft
Auction: Mid Apr 2018

ST2-24-14, Menara Solstice 2
New reserve price 🔥🔥RM 295,300🔥🔥 Freehold
893sqft 3R2B
Auction: Mid Apr 2018
Auction record: same size unit sold at 364.5k in Feb 18.

This auction held where ? U were inside the auction room ?

rm 212,580 really 🔥🔥 sale

would it go even lower or stay at this price?.. Only time would tell..

That’s a rumah mampu milik price. Anybody know what is the estimated price on the SMP when it was new?

Well the MRT somehow would have positive effects on longer term... It would also increased properties prices...

next auction no more surprise, more unit no bidder or unit become more cheaper

yes, MRT will change cj, another 10 ~ 20 years more

If a township needs mrt to ghostburst.....cham loh...

Cyber*aya is listed in pai's list below. Congrats all buyers


PROPERTY BUBBLE AND WHY IT HAPPENED.
.
Today, we just completed our 3rd webinar and I shared at length about property bubble. People often asked me if we have a property bubble coming our way anytime soon. I often answered that we have property bubble in the last 10 years, its just that its contained to specific areas. And what ironic is that it happens in areas where people don't expect to least expects to see a property bubble.
.
So today, areas like KLCC is already experiencing a property bubble for the last 10 years, and some owners are selling at a loss even after holding properties for 10 years, and lost few hundred thousands. The next time you hear someone say property always goes up in value, I suggest you run as far and as fast as you can from these people, because clearly they havent see enough case studies that indicates otherwise.
.
Im also predicting the following areas will experience some form of minor and major property bubble in the next 5 years :
.
1. D****B**
.
2. M********i
.
3. C********A
.
4. S****Y**
.
All the above areas, shares similar characteristic that made KLCC experience a property bubble in the last 10 years, so you need to avoid these areas like a plague. Its no fun buying properties that cant get break-even rentals, and causes you to top-up every month, and you cant even sell for any profit for the next 10 years. So I hope those who are in my private group, learn well from the mistakes of others and avoid buying a property that wont make them any money in the next 5-10 years.
.

Mind to fill up the ***?

1. Danga Bay
2. unsure
3. Cyberjaya
4. Semenyih

Typical statement from self-called property experts... If there's anything to stay away from, it's from such people and their delusional mindset, which happen to be very common on this forum as well. All these break-even rentals, positive cash flow, statements are such non-sense, it hurts to read that. If buying a property was cheaper than renting one, no one would bother to rent in the first place. Insisting on positive cash flow as the golden measurement for a good investment is ignoring that the property is an asset where the value lies.

Expecting the rental to cover or exceed one's loan repayment is expecting to have the cake and eat it too. A property left vacant doesn't not generate any income rental, yet it doesn't lose its value. The statement that you "can't even sell for any profit for the next 10 years" for the areas mentioned is bust by the official price house index released every year by the government: the average house price increased by ~5% in the past 3 years, and between 5-15% in the preceding 7 years. That's higher than any house loan rate, and easily cover any extra charges like management fees. Even adjusting these numbers for inflation over that 10 years period would still return a profit. There certainly some properties that struggle to increase in value, but calling entire areas unprofitable, that's phony.

do they have specific index by area? the average price increase could be because those areas that are doing well... and its actually brought down by areas which are stagnant or even selling below cost price...

In the long-term, residential property price rise at about inflation rate and many neglected bank interest incurred is a cost. Total cost of owning a property could be more than double of purchase price.

Like all assets, price could drop from oversupply. Most bought property with leverage, pressure on price drop would be greater especially bank interest rate is rising.

pai kor punya prediction you also take it as gospel truth?????

i wonder what is his opinion on seremban 2, selayang and etc?

2. Medini??