QUOTE(KeNNy @ Aug 15 2009, 11:07 AM)
dreamer,
Thanks. I've seen those slides.
1) Setia Alam started somewhere in 2002/03. It's been about 7 years, and 1100 acres has been developed, and about 1100 acres left.
So I'm struggling to see how the remaning 1100 acres will last 20 years, since the first half only took 7 years. SA was also one of the few townships that has full road infrastructure during infact stages. E.g. NKVE link was there when only 10% of their land bank was developed?
So they have a reason to speed their development.
In comparison, e.g. Sime Darby builds their infrastructure only after their township matures.
E.g. Putra Heights, Denai Alam, USJ - took a very long time before roads were completed.
No right or wrong, both have different models of development.
But I think for house buyers they will prefer to have infrastructure ready, rather than infrastructure built after they shift in.
2) I see your point that one can wait a while longer before purchasing because there's land.
Fair enough, only maybe need to be careful that every new launch has seen prices increasing from 5-10%.
With Setia City's recent announcement, it's now becomes guess work how much the new undeveloped phases will rise in cost.
But since it's guess work, so it's best leaving it to the buyers to decide for themselves. But just be caution about the price risks you'll get into for waiting.
KeNNy,
<< 1) Setia Alam started somewhere in 2002/03. It's been about 7 years, and 1100 acres has been developed, and about 1100 acres left.
So I'm struggling to see how the remaning 1100 acres will last 20 years, since the first half only took 7 years. SA was also one of the few townships that has full road infrastructure during infact stages. E.g. NKVE link was there when only 10% of their land bank was developed?
So they have a reason to speed their development. >>
You are SPECULATING. It could be faster or slower. I have a VERY LONG memory. I guess I remember when it was launched, it was a 20 years project. If we go by history, it could be 7 more years if the demand stay the same.
<< 2) I see your point that one can wait a while longer before purchasing because there's land.
Fair enough, only maybe need to be careful that every new launch has seen prices increasing from 5-10%. >>
So what??
A) Pay 10% to 20% more for 2 years' old house
versus
B) Losing 100% on a house with a foundation problem??
Most people ONLY buy one house in their life. This is ONE of the BIGGEST purchase in their life.
Comparing (A) versus (B), which one is a more reasonable approach??
Don't RUSH into making any large purchase. There are at least a few more years in this project. Why rush? Be very careful.
Dreamer
This post has been edited by dreamer101: Aug 15 2009, 11:32 AM