I'll ask this here cuz don't wanna start a new thread on what could be an easy answer. I noticed that most active threads and discussions here don't touch on KL Sentral properties...why yea? It's the hub of our stations, most convenient... nobody's looking at anything there?

I'll ask this here cuz don't wanna start a new thread on what could be an easy answer. I noticed that most active threads and discussions here don't touch on KL Sentral properties...why yea? It's the hub of our stations, most convenient... nobody's looking at anything there?

I'll ask this here cuz don't wanna start a new thread on what could be an easy answer. I noticed that most active threads and discussions here don't touch on KL Sentral properties...why yea? It's the hub of our stations, most convenient... nobody's looking at anything there?

Also, if its property, then property la, wtf is poorperly?

It is illiquid but then it still holds up a significant portion of your initial value even if it depreciates, thats why some people like to invest in properties. (dont tell me rubbish extreme example of buying a flat unit for 1.5m)

It takes years to bottom, diu every year can say like that lo, wait till the year before u die then buy, ok mou?

I agree with you the property bottom is still not in sight. However, who can know exactly when is the property bottom? Diu even economists don't know.

Sensible or not, not even up to you to decide. 

Whether its for ownstay or investment, there are better options than kl sentral area.

Am not a specialist adviser.

But here's my take on the current property market climate. The first thing you will need in the current climate is good holding power as no matter what property you buy you need to be prepared for it to be vacant for longer than usual.

It is a good time to pick up cheap medium cost places that are near MRT/LRT/KTM stations. Positive cash flow investments but it will take some effort to manage. Are you eligible for a rumawip?? Quickly get one. One of these get on auction? Get it if it is on the cheap. There will always be demand for them.

Properties that are between RM500-700k, plenty of them about but only those near LRT/MRT stations need to be considered with the other exception being those close to major roads.

Properties between RM700k-1.5m, stay away unless it is a freehold, landed and you are keeping it for capital appreciation, only buy one if you have holding power and find one going for below market value. Condo in "atas" areas, only recent ones need to consider, everything else not worth it.

Properties >RM1.5m, this will typically be landed houses in well established neighbourhood. Rentals are crap on them but they will have capital appreciation value, find very basic but liveable condition units that are going for a bargain.

How I find properties on a bargain?
The 6 subsale I own :-
-2 were from my lawyer, was informed of the troubles of the buyer and if could help they had a properties to let go.
-2 were from my banker, 1 was a distress situation and another colleague migrating.
-2 were by an REA that I have a good relationship with and these 2 were basically owners been wanting to sell for a long time but couldn't sell and he informed me what were the magic numbers to close a deal and how to seal the deal.

Because they are out of reach for most. Simple.

Currently there are 2 new KL Sentral properties.
1) Sentral Suites.
2) Riveria.

Sentral Suites mostly sold out so nothing much to talk about. It is also quite an expensive development. This is the only real KL Sentral development as the rest are Brickfields. It is also the last one as after this there would be no more further KL Sentral residential development.

Riveria? This isn't a residential development and doesn't carry a KL Sentral address.

As for why other developments don't get talked about much?

1) Cost, very high average prices.
2) Rarity, good units rarely ever come on the market.
3) The area lacks vibrancy and for the most part much of it are slums.
4) Most people have little need to live close to 7 rail lines and therefore opt to live elsewhere where it is more conducive.
5) Rentals may be high but occupancy rates aren't that fantastic.

Whether its for ownstay or investment, there are better options than kl sentral area.

Currently there are 2 new KL Sentral properties.
1) Sentral Suites.
2) Riveria.

Sentral Suites mostly sold out so nothing much to talk about. It is also quite an expensive development. This is the only real KL Sentral development as the rest are Brickfields. It is also the last one as after this there would be no more further KL Sentral residential development.

Riveria? This isn't a residential development and doesn't carry a KL Sentral address.

As for why other developments don't get talked about much?

1) Cost, very high average prices.
2) Rarity, good units rarely ever come on the market.
3) The area lacks vibrancy and for the most part much of it are slums.
4) Most people have little need to live close to 7 rail lines and therefore opt to live elsewhere where it is more conducive.
5) Rentals may be high but occupancy rates aren't that fantastic.

Most buy poorperly with leverage. Leverage amplify profit as well as loss. If price doesn't rise higher e.g stagnant than loan interest incurred is a financial loss.

Given slowing population growth, ageing population, overhang to persists, unaffordable, etc, when poorperly price hit bottom, likely to stay bottom for a while.

Price is bottom when blood is knee deep on the floor.
A proof that poorperly near transportation hub is purely a hype.

And when is the bottom? You keep on repeating the same arguments over and over again with your vague statements. Yeah you are mostly correct but you are so vague and unspecific, it waters down your own arguments.

Try bring up better arguments next time.

No... You have to bear all legal fees for SNP and LA. Prepare about 5% of property price for Legal fees and SD.

For under value props.. go out and look for them. Start calling agents.

Whoever that says now is a bad time will always say this no matter what.. There is never a good time or bad time.

If you dont take risk you dont win.

There are always good buy properties. To be safe, always go for landed in city area, not ulu area.

New launch condo 400k and above, better dont see. Most are in non favourable area, small or low ROI and overpriced.

Buy low
Sell high

Yes free mot, however most of the time you need to pay 10% downpayment.

Example: First time home buyer, 400k - 40k(10% discount, some have, some dont have) = 360k discounted spa price

360k - 36k(10% downpayment) = 324k nett price

Personally, I feel like more rebates and cashback means developers are getting more desperate to sell their units as they want to avoid too much overhang.

Yes, interest rate lower.

Whoever that says now is a bad time will always say this no matter what.. There is never a good time or bad time.

If you dont take risk you dont win.

There are always good buy properties. To be safe, always go for landed in city area, not ulu area.

New launch condo 400k and above, better dont see. Most are in non favourable area, small or low ROI and overpriced.

straight to the point , thanks for the advice lol

Currently there are 2 new KL Sentral properties.
1) Sentral Suites.
2) Riveria.

Sentral Suites mostly sold out so nothing much to talk about. It is also quite an expensive development. This is the only real KL Sentral development as the rest are Brickfields. It is also the last one as after this there would be no more further KL Sentral residential development.

Riveria? This isn't a residential development and doesn't carry a KL Sentral address.

As for why other developments don't get talked about much?

1) Cost, very high average prices.
2) Rarity, good units rarely ever come on the market.
3) The area lacks vibrancy and for the most part much of it are slums.
4) Most people have little need to live close to 7 rail lines and therefore opt to live elsewhere where it is more conducive.
5) Rentals may be high but occupancy rates aren't that fantastic.

then feel like can save a lot though , but some of the developer cash back they wont cash back us early , say have to wait until getting house key only can get is it legal in this way because we are servicing the loan