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 What do you think about future Cyberjaya, Realistic or Ghost Town

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Nikmon
post Sep 17 2017, 08:44 AM

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A lot of foreiner and lack of variety of restaurant, only francise food, the criteria to become wong not there, need to wait longer i think at least another 10 years or never....
Nikmon
post Dec 16 2017, 01:34 PM

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QUOTE(MattChan @ Dec 16 2017, 04:29 AM)
I agree on the current investment condition is not favorable but at the same time it can also be good opportunity. I'm sorry, i don't understand what do you mean by simply shoot for fun? tongue.gif  In my opinion the determinants of the price and potential yield of the property can be both Macro perspective (such as current economy, demand supply of the location, nearby amenities etc.) and Micro perspective (unit type, level, condition, facing and so on). Why i say its a good option for investor to consider Cyberjaya now is base on the Micro and Macro perspective, For Macro perspective, base on the similar price range, there is limited well plan G&G community in 2nd tier of Klang Valley have similar facilities such as highway access, public school, international school, hospital, university, publlic transport (MRT, KLIA transit), lake gardens and so on. As for the Micro view, there is luxury of private facilities such as private club, good landscape and garden, securities which is the priority of the G&G community (for example SEG, Sejati, SH, GR). Base on the current condition, the weak market and oversupply situation is providing opportunity for a better bargain and price for investor, that's why i think it might be a good opportunity. BTW, u might get luck in the Auction market as well. That's just my 2 cents,  biggrin.gif
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what if the price go further down in next couple of years..
Nikmon
post Dec 16 2017, 04:40 PM

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QUOTE(MattChan @ Dec 16 2017, 04:23 PM)
Ya maybe, no one know the future 😝😝 the possibility can be both side or just stagnant.
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with rate normalization ahead and oversupply state, no sign of recovery as well, do you see it as opportunity for now?
Nikmon
post Dec 16 2017, 06:38 PM

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QUOTE(MattChan @ Dec 16 2017, 04:59 PM)
I can't answer you exactly, base on normalization rate, there is no clear direction whether it will go up or stagnant for short future, and oversupply conditions might be right for high rise but I'm not sure πŸ€”It apply to G&G landed especially in Klang Valley, what I saw is reputable developer still can sell easily with the correct price strategy for such product, and 2nd hand market is soften and readjust to match back the price and demand. And of course , no one can tell exactly what will happen in the future. So somebody might see the risk as opportunity and get a good bargain for it.😊😊
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normalisation mean up.....did you read the announcement from ibrahim? he did mention the direction, what are you not clear, or you never read?

the number tell you the diffenrent, read the report from from developer.

at first you seem rational, but in above statement is clear you either does not read or ignore the fact, make conclusion base on your observation is never correct.... read the number from NAPiC, the majority of oversupply is lander. im surprise by the number as well.
Nikmon
post Feb 24 2018, 04:37 PM

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QUOTE(topearn @ Feb 23 2018, 02:35 PM)
I fully understand the objection of strata act. It'll be RM50K soon for bankruptcy.
But even now, there is nothing U can do if defaulters don't pay - as their house is vacant. That's Y I see a long list of about 20 defaulters in Lepironia East Garden which has only about 100 semi Ds.

Now easier to take action on defaulters ? Ask Ah Long gangsters to go splash red paint on the house they r staying ?
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if bankruptcy, bank will auction the unit and new owner will need to clear all fees + interest

if successfully sell, seller need to pay all the fees + interest

JMC is the winner, the interest is compounding...
Nikmon
post Feb 24 2018, 10:45 PM

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QUOTE(topearn @ Feb 24 2018, 08:59 PM)
Wiiner becomes loser is no one want to bid on the property due to having to pay the sky-high fees + interest.
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are you brainless or idiot? never use your brain?

if the unit auction at 90% discount + interest, would you bid?

bank can reduce the auction price, but successfully bidder still need to pay all the maintenance + interest if they want to use that unit,

This post has been edited by Nikmon: Feb 24 2018, 10:50 PM
Nikmon
post Feb 25 2018, 12:05 AM

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QUOTE(topearn @ Feb 24 2018, 11:15 PM)
If U think auction is a cure-all, then U see plenty of properties being auctioned multiple rounds also no takers. Just ferw post above, few properties no bid for the 1st 3 auctions.
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investor whose unit being auction is a dead chicken, can't be cure, bank only do their best to recover as much as possible through auction

after multiple round of auction, each round drop 10% generally, after 5 or 6 rounds the price would reduce 50-60% and become very attractive, most of time got taker after drop so much.

for the new buyer definitely need to clear all the fees and interest before can use the unit either for own stay or rent it out. The amount of interest pay by new buyer is a bonus for the JMC....

big losser, the investor due to over gearing and become a dead chicken, fresh dead chicken ....

This post has been edited by Nikmon: Feb 25 2018, 09:22 AM
Nikmon
post Feb 25 2018, 01:41 PM

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QUOTE(topearn @ Feb 25 2018, 12:19 PM)
Agree, Lots of dead chickens who boiught pigeon holes in CJ. Did U managed to pick up some dirt-cheap bargains ?
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i think it is just beginning, they are more supply on the way. no hurry.

what i want share is under the new strata act JMC has more options to tackle the defaulted. whoever want to run away from paying the maintenance will lose more. flipper need to change strategy..

This post has been edited by Nikmon: Feb 25 2018, 01:46 PM

 

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