Thank you for the advice...

what type of unit?
20 x 70? impian 8?
overvalue?

For the past few weeks, I think I have received like 6 agents sms/calling me asking whether I want to sell my house (which is not even ready). Bought about Dec 2009, supposed to be ready by Dec 2011.

20x65. Bought RM377k, now agents are offering RM499k.

I am happy

U r happy but we are un happy due to sub sale price is sky high. It's difficult to find a reasonable subsale house over that area now.

That's about 30%, which I think is not very fantastic gain though. You still need to factor in cost such as agent fees, RPGT, interest, legal fees, etc. After deducting all this, your gain might be just slightly more than 20%.

agreed..not only that area but almost everywhere

1 1/2 year, house not even ready, increase 20% to 30%, not fantastic? I only paid 5%, zero moving cost... So what percentage is consider good?

Are there any other examples of property haven ready, can make 'very fantastic gain'?

This is my first house investment, sorry if noob cause didn't expect to see money return so fast

New units are scarce. Last weekend went to the Sales Office and only one is left for the new unit, which is a corner unit and it is selling for $900++k.

Spsetia purposely release new units in small quantities so as to protect the secondary market value while enjoying higher profit margin on the new launch. I see the developer still got so much land to develop in that area...

it's true 20-30% capital appr is average. there are a good no. with 40-50% upon completion.
the 5% cash down makes it a big winner, in roi%, it's like 500% - not so common.
you were smart to buy at right time, it's not going to repeat anytime soon!

if that is correct, bandar bukit raja, denai alam, bandar botanic, etc. should all get same kind of result?
some housing areas been selling for 8-10 years now, still not over. quite normal for large devs to sell in stages, take many years.
houses not like condos. condos - 3 blocks x 500 units - 1,500 - one launch.

if not mistaken, they have so far launched something like 2,000 houses a year for 5-6 years now.
possible any developer launch 10,000 houses all at same time?
but the point will be valid if there is only 1,000 to sell, launch 100 every 3m for 3+ years. maybe bandar kinrara?

This post has been edited by AVFAN: May 26 2011, 10:19 PM

Another agent called. RM520k now. Fuyoh...

happy for you~

but better ask agent to confirm is there a buyer 1st or "illusion" buyer~

sometimes, buyer will not buy due to over value due to difficult to get loan from bank

if not mistaken bank value 20x65 for 480K max OCBC

---

Added on June 3, 2011, 3:34 pmhappy for you~

but better ask agent to confirm is there a buyer 1st or "illusion" buyer~

sometimes, buyer will not buy due to over value due to difficult to get loan from bank

if not mistaken bank value 20x65 for 480K max OCBC

This post has been edited by 4evernelson: Jun 3 2011, 03:34 PM

probably can for newly completed 20x65. heard next new 30x55 cluster >560k, next new 20x70 >640k.
it's gone crazy there. maybe partly driven by upbeat news of the mall. won't be like ss2 mall gua...


This post has been edited by AVFAN: Jun 3 2011, 03:37 PM

The same agent called today asking Am I willing to sell at RM530k. He said his buyer is genuine.

Only 1 week since I last heard from him and now offer RM10k more. I tempted to tell him wait until RM600k only you call me

With the rate it is going, looks like it is possible by year end when the handover is completed.

This post has been edited by auhckw: Jun 11 2011, 12:52 AM

It may be happen too if there is buyer keen to buy .

you should keep the house, maybe can go up RM550K expected by next May when Setia Mall opens
but then again .. it is a nice area to stay.
unless you already have a house somewhere else.
you might consider this as your future home.

however, a burst is inevitable in the next 18-24 months ...

---

Added on June 11, 2011, 9:09 amvaluer won't be able to price the house so high, hence, buyer must willing to fork out +100K to buy the house, not many can afford.
At most RM515K for now.

This post has been edited by thechallenger: Jun 11 2011, 09:09 AM

Yes, I think should keep the house for awhile till at least handover and see how the value is then before deciding to move there or sell. No hurries as I have (parents) house to stay now.

Looks like another Kota kemuning price shoot up but this 1 with megamall~

Yup, it is an excellent location.
I got my Impiana 8 20x70 early for only RM246K, agent called last week and offer RM500K.

I jizzed in my pants.

i think there is something wrong in your situation. My friend just bought a fully BU 20 x 70 (2,168sq ft) subsale at RM550k only mar.

Anyway, if its really true..happy for you and me too cause i bought my 20 x 70 last year at 420k only..hehe. So mine is 600k then?

Depending on your intention when purchasing the house earlier.

If you are looking for a comfortable, spacious house, let it be a terrace or semi d cluster, then Setia Alam houses are damn expensive for the size and location.

I'ved been there when I was looking for my second house last time....and frankly, not worth the additional money.

I got my Semi D cluster at RM318K not far from there and the build up alone is 2150 sf.