QUOTE(acgerlok7 @ Dec 30 2019, 01:12 AM)
Don't be so discouraged! It is always good to have due diligence process and screen thoroughly before making such big investment.
And also, you are consider lucky at least the first property didn't kill you off from this passion to learn and continue investing in real estate.
People make mistakes. So, don't feel uneasy at all to ask
In regards to your comments,
My suggestion is always this :-
(1) Look at the surrounding activities - Is the area you're investing near a bustling city/township or is a very quiet and sleepy town?
Bear in mind, developers can sell you many crazy dreams ie. the town will have biggest shopping mall in 10 years time lah, this place will be very Ong lah....all on FUTURE value that is yet to materialized. If you want more solid capital appreciation and lesser time needed for your exit strategy, better to buy matured area, although entry price will be higher. Because the crowd is already there, need not need a lot of "SEEDING" effect to "grow" that area, be it artificially(like Putrajaya/Cyberjaya) or Organically(Kota kemuning/Setia Alam back in 10 years ago).
With this in mind, I would suggest you should take a look at the 216 Residence that you've mention in Kuchai lama. If not , you also can shortlist a few more in the vicinity like Exsim's Millerz Sqaure mixed development project. Try to stay away from standalone township as they will need a long time for gestation period. So, you will wait donkey years to see your property achieve capital appreciation.
I personally know many friends who let go off their properties in KK Shah Alam due to unable to wait so long, only to curse and cry WTF when LKSA was completed because after that highway completed, the surrounding property shot up more than 200% ie. from 220k to now around 800k- 1million for DSL.
Thank u for advice and encouragement. My first prop was in bukit puchong. Saville D Lake. Biggest mistake I made in my life... Now that prop stucked there.. Thats why my 2nd prop I need to be more careful and ask more opinion from knowledgeable others..And also, you are consider lucky at least the first property didn't kill you off from this passion to learn and continue investing in real estate.
People make mistakes. So, don't feel uneasy at all to ask
In regards to your comments,
My suggestion is always this :-
(1) Look at the surrounding activities - Is the area you're investing near a bustling city/township or is a very quiet and sleepy town?
Bear in mind, developers can sell you many crazy dreams ie. the town will have biggest shopping mall in 10 years time lah, this place will be very Ong lah....all on FUTURE value that is yet to materialized. If you want more solid capital appreciation and lesser time needed for your exit strategy, better to buy matured area, although entry price will be higher. Because the crowd is already there, need not need a lot of "SEEDING" effect to "grow" that area, be it artificially(like Putrajaya/Cyberjaya) or Organically(Kota kemuning/Setia Alam back in 10 years ago).
With this in mind, I would suggest you should take a look at the 216 Residence that you've mention in Kuchai lama. If not , you also can shortlist a few more in the vicinity like Exsim's Millerz Sqaure mixed development project. Try to stay away from standalone township as they will need a long time for gestation period. So, you will wait donkey years to see your property achieve capital appreciation.
I personally know many friends who let go off their properties in KK Shah Alam due to unable to wait so long, only to curse and cry WTF when LKSA was completed because after that highway completed, the surrounding property shot up more than 200% ie. from 220k to now around 800k- 1million for DSL.
Will have a look into 216 Residences again. Besides that, do you think the purchase price is expensive?
835 sq ft 2b2r
1 cp
425k
834sq ft 3r2b
2 Cp tandem
480k
Dec 30 2019, 09:57 AM

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