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 PROPERTY MARKET PRICE

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pinksapphire
post May 4 2019, 11:10 PM

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Hi, guys...I know this will sound like a stupid question, but thought of asking anyway, lol...

Is there a benchmark for pricing per sqft that you have in mind on what's considered high or low, based on areas...for eg., for KL city, 1k/sqft will make you go "wah, so reasonable", or is 1k/sqft in our current buyer's market now considered high?

I'm just trying to gauge and I know it depends on location. So if anyone has any thoughts to share, it'll be good to hear. I'll start by saying anything not in KL city centre that sells for above 1k/sqft condos is very expensive, unless it's in elite neighborhoods.
pinksapphire
post May 5 2019, 01:01 PM

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QUOTE(gld998 @ May 5 2019, 07:43 AM)
I calculate based on rental can cover installment after 30% downpayment and not price for sqft. You can buy 3mil property but rental is 1.7k per month when your installment is 9.5k with 30% down.

You also can get pr1ma lelong hse for 150k then rentout for RM900 where you installment is RM700. If some bugger ask for RM850 u can still rent it out for RM850.
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Hmm, so you're approaching based on investment perspective. Or rather affordability.

One of the ways is also to survey surroundings and see what's the average pricing per sqft as well to get a good gauge.

 

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