QUOTE(chainyong @ Dec 29 2019, 09:18 PM)
U5 is under shah alam, actually all shah alam not doing good for township development.
I don't think that is a demand in 5 years for a high rise building subsales in U5, and this new project is surrounding by old development, if you really need a good environment, people will prefer that project closer to Elmina.
now the property market is good for new project due to low entry fee, but not good for subsales. If you buy a subsales, you need a 10% down payment and stamp duty etc.
for rental, i don't think it is high demand with good rental yield, that is few condo is planning to build surrounding the elmina project. My friend company also going to launch a new condo in denai alam with 4xxK, for new project I have no doubt the demand still very high, but for subsales that is not an easy deal to let go. My taman in Puchong, mature area, freehold landed, guarded, 22x75, many peoples want to let go @ RM 700k, but already hanging the yellow board for a year, still vacant and unable to sell, that is few people come for viewing, but noone can deal it, and surrounding new landed selling @ 1 mil, can fully sold in 1 months time, just start construction, we were thinking it will hard to sell, but fully sold within a month.
It is up to your own decision.
For me, i will say now is a good time to buy a property, but is not a new development in a non mature area, you can have a good deal in a mature area for a subsales unit, you can know what is the real market rental yield in this area, you know who is the potential tenant in this area, you can know the condo management doing a good job or not, you can know what is the shop/restaurant surrounding.
Anyhow, no pain no gain, you can try your luck to invest in a new development, high risk high return, you might gain a big profit after 10 years and enjoy your life.
Dun need to use one broom stick to hit everyone.I don't think that is a demand in 5 years for a high rise building subsales in U5, and this new project is surrounding by old development, if you really need a good environment, people will prefer that project closer to Elmina.
now the property market is good for new project due to low entry fee, but not good for subsales. If you buy a subsales, you need a 10% down payment and stamp duty etc.
for rental, i don't think it is high demand with good rental yield, that is few condo is planning to build surrounding the elmina project. My friend company also going to launch a new condo in denai alam with 4xxK, for new project I have no doubt the demand still very high, but for subsales that is not an easy deal to let go. My taman in Puchong, mature area, freehold landed, guarded, 22x75, many peoples want to let go @ RM 700k, but already hanging the yellow board for a year, still vacant and unable to sell, that is few people come for viewing, but noone can deal it, and surrounding new landed selling @ 1 mil, can fully sold in 1 months time, just start construction, we were thinking it will hard to sell, but fully sold within a month.
It is up to your own decision.
For me, i will say now is a good time to buy a property, but is not a new development in a non mature area, you can have a good deal in a mature area for a subsales unit, you can know what is the real market rental yield in this area, you know who is the potential tenant in this area, you can know the condo management doing a good job or not, you can know what is the shop/restaurant surrounding.
Anyhow, no pain no gain, you can try your luck to invest in a new development, high risk high return, you might gain a big profit after 10 years and enjoy your life.
Kota kemuning not good? Setia alam not good??)
Dec 29 2019, 09:38 PM

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