QUOTE(nexona88 @ Mar 24 2018, 12:25 PM)
you need to count the * as well.....one * for one character.What do you think about future Cyberjaya, Realistic or Ghost Town
What do you think about future Cyberjaya, Realistic or Ghost Town
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Mar 24 2018, 12:33 PM
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All Stars
20,146 posts Joined: May 2011 |
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Mar 24 2018, 12:44 PM
Show posts by this member only | IPv6 | Post
#1802
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Senior Member
1,294 posts Joined: Jun 2009 |
QUOTE(cedm @ Mar 24 2018, 11:00 AM) 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. The truth is almost 20 years cyberia and similar project that time sell around purchase price, townhouse cant even sell 400k rite now, penthouse more cheaper than buying price.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. But new project selling almost 600 psf before minus the rebate, actual price around 400 psf |
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Mar 24 2018, 01:37 PM
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All Stars
23,688 posts Joined: Aug 2007 From: Outer Space |
QUOTE(AskarPerang @ Mar 3 2018, 09:57 PM) 2 lelong units available. BUMI LOT. Guess can wait drop below 1M before grabbing. First unit sold today at 1.34M. 2 bidders fight it out: 1. No.2A, Jalan Beethoven 1, Symphony Hills Auction Date - 27 / 03 / 2018. 2 storey semi D Current reserve price: 🔥🔥RM 1.24M🔥🔥 ⚠️1st auction RM 1.7M⚠️ 2. No.31, Jalan Beethoven 2, Symphony Hills Auction Date - 24 / 03 / 2018. 2 storey semi D Current reserve price: 🔥🔥RM 1.24M🔥🔥 ⚠️1st auction RM 1.7M⚠️ ![]() |
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Mar 24 2018, 02:57 PM
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All Stars
48,447 posts Joined: Sep 2014 From: REality |
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Mar 24 2018, 03:03 PM
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All Stars
23,688 posts Joined: Aug 2007 From: Outer Space |
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Mar 24 2018, 03:04 PM
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All Stars
20,146 posts Joined: May 2011 |
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Mar 24 2018, 03:08 PM
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All Stars
48,447 posts Joined: Sep 2014 From: REality |
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Mar 24 2018, 03:59 PM
Show posts by this member only | IPv6 | Post
#1808
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Junior Member
434 posts Joined: Jun 2013 |
QUOTE(icemanfx @ Mar 24 2018, 11:17 AM) 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. Not sure if the picking up of oil and gas will boost the property price, petronas is giving 3-9 months bonus for 2017, the european company I am working also resume full bonus for 2017. A lot of companies are hiring.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. I don't know the situation in other sector, Definitely the buying power from oil and gas workers are improving. People around me are buying. The longer you wait, the property you are going to get will only become more unaffordable or smaller. |
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Mar 24 2018, 04:07 PM
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Senior Member
2,663 posts Joined: Feb 2013 |
QUOTE(BEANCOUNTER @ Mar 24 2018, 12:59 PM) pai kor punya prediction you also take it as gospel truth????? Ehhh dont touch his heart pain project la..selayang big wok with his followers ...his famous melawati luxury proj everyone know he screwed up big time with his partners. But never mentioned in his talk or advice for his students as case study of proj or area to avoid? Ppls in the close circle in this line all know la. God bless. If he is honest n really guru, he need to tell ppls on all his failed investment with his many partners as well. He never played cyberjaya becoz he cannot advantage of cyber prop on bumi disc n even he buy non bumi (he prefer normally) he cannot sell to non bumi due to the restriction in cyber prop that bumi owners cannot sell to non bumi regardless the titles bumi or not. So never his playing firld there to goreng propi wonder what is his opinion on seremban 2, selayang and etc? This post has been edited by propertybbb: Mar 24 2018, 04:12 PM |
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Mar 24 2018, 04:12 PM
Show posts by this member only | IPv6 | Post
#1810
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Junior Member
230 posts Joined: May 2012 |
QUOTE(aaron1717 @ Mar 24 2018, 11:11 AM) 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... I'm looking at the data provided by NAPIC. It's detailed down to districts. For Sepang, the numbers are:Terrace House price index (2010=100) 2009: 95.8 2010: 100 (+4.4%) 2011: 121.7 (+21.7%) 2012: 137.6 (+13%) 2013: 150.7 (+9.5%) 2014: 162.3 (+7.7%) 2015: 172.5 (+6.2%) 2016: 186.5 (+8.2%) I can't find High Rise data for Sepang. For Selangor as a whole, it's: 2009: 96.0 2010: 100.0 (+4.1%) 2011: 110.5 (+10.5%) 2012: 129.1 (+16.8%) 2013: 141.9 (+9.9%) 2014: 153.6 (+8.2%) 2015: 165.9 (+8%) 2016: 184.4 (+11.2%) For KL center: Terrace House: 2009: 89.4 2010: 100.0 (+11.9%) 2011: 117.7 (+17%) 2012: 126.8 (+8.4% 2013: 164.1 (+29.4%) 2014: 181.4 (+10.5%) 2015: 196.6 (+8.4%) 2016: 201.7 (+2.6%) High rise: 2009: 94.5 2010: 100.0 (+5.8%) 2011: 115.7 (+15.7%) 2012: 136.8 (+18.2%) 2013: 155.8 (+13.9%) 2014: 162.1 (+4%) 2015: 174.0 (+7.3%) 2016: 187.8 (+7.9%) I can't find the full dataset for year 2017 (only up to Q3), maybe it's not ready yet or my google skills are not up to the task... Anyway, it gives some us hard numbers to look at, and while it's not down to specific tonwships, it's better than the baseless statements from those property doomsday preachers. Or, we can look at transacted property prices from website like brickz.my for specifics. Some sample for Cyberjaya, Jan-Dec 2017, Median price: * Neocyber: RM 270,000 * Garden residence: RM 1.3M * Serin RM 455,000 * Cybersquare: RM 260,000 * SEG: RM 1.2M * Hyve: RM 340,000 * The Arc: RM 340,000 I don't know how much these were selling for when VP... You guys can do the math if you want. But anyone owning these properties and renting them out (even at a "negative cash flow"), should still turn a profit upon selling 10 years down the road. A poor rental market like today's will still allow a landlord to rent a unit for more than half its loan repayment, therefore slashing in half the cost of ownership. I'd find it hard to believe that areas like KLCC, Cyberjaya, Seminyeh, etc. would see their property values drop in half over 10 years. Actually, I would be very surprised if such areas' price don't even kept up with inflation, let alone remain stagnant. |
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Mar 24 2018, 04:14 PM
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Senior Member
2,663 posts Joined: Feb 2013 |
I believe every area has good or bad properties.
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Mar 24 2018, 04:40 PM
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Senior Member
2,663 posts Joined: Feb 2013 |
The only one new cyberjaya property i am waiting for now is the new land purchased by paramount from areca....if landed with reasonable price..cheaper version of sejati...then it ll be interesting. Cyberjaya landed proj below 1mil or the best if 500k-700k
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Mar 24 2018, 04:40 PM
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Senior Member
672 posts Joined: Jun 2015 |
QUOTE(propertybbb @ Mar 24 2018, 03:07 PM) Ehhh dont touch his heart pain project la..selayang big wok with his followers ...his famous melawati luxury proj everyone know he screwed up big time with his partners. But never mentioned in his talk or advice for his students as case study of proj or area to avoid? Ppls in the close circle in this line all know la. God bless. If he is honest n really guru, he need to tell ppls on all his failed investment with his many partners as well. He never played cyberjaya becoz he cannot advantage of cyber prop on bumi disc n even he buy non bumi (he prefer normally) he cannot sell to non bumi due to the restriction in cyber prop that bumi owners cannot sell to non bumi regardless the titles bumi or not. So never his playing firld there to goreng prop Busuk? Want to hear more leh |
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Mar 24 2018, 04:41 PM
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Senior Member
672 posts Joined: Jun 2015 |
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Mar 24 2018, 04:43 PM
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Senior Member
672 posts Joined: Jun 2015 |
QUOTE(propertybbb @ Mar 24 2018, 03:40 PM) The only one new cyberjaya property i am waiting for now is the new land purchased by paramount from areca....if landed with reasonable price..cheaper version of sejati...then it ll be interesting. Cyberjaya landed proj below 1mil or the best if 500k-700k Cyber South leasehold landed already sell 500-700k, Paramount not possible |
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Mar 24 2018, 05:47 PM
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Senior Member
1,455 posts Joined: Dec 2007 |
QUOTE(propertybbb @ Mar 24 2018, 04:40 PM) The only one new cyberjaya property i am waiting for now is the new land purchased by paramount from areca....if landed with reasonable price..cheaper version of sejati...then it ll be interesting. Cyberjaya landed proj below 1mil or the best if 500k-700k That land with lake, most probably will sell premium la. Smaller size maybe so can sell cheaper, but don't expect it to be below 1mil.Heard that emkay also will have landed soon. Just wait, more landed coming but price definitely won't be at the affordable range. |
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Mar 24 2018, 08:38 PM
Show posts by this member only | IPv6 | Post
#1817
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Senior Member
1,294 posts Joined: Jun 2009 |
QUOTE(cedm @ Mar 24 2018, 04:12 PM) I'm looking at the data provided by NAPIC. It's detailed down to districts. For Sepang, the numbers are: do you believe all the data given by them?Terrace House price index (2010=100) 2009: 95.8 2010: 100 (+4.4%) 2011: 121.7 (+21.7%) 2012: 137.6 (+13%) 2013: 150.7 (+9.5%) 2014: 162.3 (+7.7%) 2015: 172.5 (+6.2%) 2016: 186.5 (+8.2%) I can't find High Rise data for Sepang. For Selangor as a whole, it's: 2009: 96.0 2010: 100.0 (+4.1%) 2011: 110.5 (+10.5%) 2012: 129.1 (+16.8%) 2013: 141.9 (+9.9%) 2014: 153.6 (+8.2%) 2015: 165.9 (+8%) 2016: 184.4 (+11.2%) For KL center: Terrace House: 2009: 89.4 2010: 100.0 (+11.9%) 2011: 117.7 (+17%) 2012: 126.8 (+8.4% 2013: 164.1 (+29.4%) 2014: 181.4 (+10.5%) 2015: 196.6 (+8.4%) 2016: 201.7 (+2.6%) High rise: 2009: 94.5 2010: 100.0 (+5.8%) 2011: 115.7 (+15.7%) 2012: 136.8 (+18.2%) 2013: 155.8 (+13.9%) 2014: 162.1 (+4%) 2015: 174.0 (+7.3%) 2016: 187.8 (+7.9%) I can't find the full dataset for year 2017 (only up to Q3), maybe it's not ready yet or my google skills are not up to the task... Anyway, it gives some us hard numbers to look at, and while it's not down to specific tonwships, it's better than the baseless statements from those property doomsday preachers. Or, we can look at transacted property prices from website like brickz.my for specifics. Some sample for Cyberjaya, Jan-Dec 2017, Median price: * Neocyber: RM 270,000 * Garden residence: RM 1.3M * Serin RM 455,000 * Cybersquare: RM 260,000 * SEG: RM 1.2M * Hyve: RM 340,000 * The Arc: RM 340,000 I don't know how much these were selling for when VP... You guys can do the math if you want. But anyone owning these properties and renting them out (even at a "negative cash flow"), should still turn a profit upon selling 10 years down the road. A poor rental market like today's will still allow a landlord to rent a unit for more than half its loan repayment, therefore slashing in half the cost of ownership. I'd find it hard to believe that areas like KLCC, Cyberjaya, Seminyeh, etc. would see their property values drop in half over 10 years. Actually, I would be very surprised if such areas' price don't even kept up with inflation, let alone remain stagnant. better you do your own research by project. |
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Mar 24 2018, 08:40 PM
Show posts by this member only | IPv6 | Post
#1818
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Senior Member
1,294 posts Joined: Jun 2009 |
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Mar 24 2018, 08:42 PM
Show posts by this member only | IPv6 | Post
#1819
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Senior Member
1,294 posts Joined: Jun 2009 |
QUOTE(propertybbb @ Mar 24 2018, 04:14 PM) every winner have a loser, every loser have a winner.2 years ago shaftbury studio transact price around 400k~450k, now how much on the market. this time not a good time for cj, maybe next time but dunno when............ |
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Mar 24 2018, 08:55 PM
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All Stars
48,447 posts Joined: Sep 2014 From: REality |
QUOTE(propertybbb @ Mar 24 2018, 04:40 PM) The only one new cyberjaya property i am waiting for now is the new land purchased by paramount from areca....if landed with reasonable price..cheaper version of sejati...then it ll be interesting. Cyberjaya landed proj below 1mil or the best if 500k-700k Hmm..Don't have high hope.. Its won't be below 1mil for landed 😑 And its from Paramount.. Sure premium pricing... |
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