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 Southville city Bangi, property devalued

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TStechman007
post May 2 2021, 06:32 PM, updated 5y ago

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Hi,

Why has the price of condos reduced in SAVANNA Executive Suite Southville City, eg 945sq ft 3 years back at 420k, now is ready and cost 270k to 350k ?

Can anyone advise, why the price has reduced and any likelihood of increase soon ?
Thanks.
TStechman007
post May 4 2021, 11:46 AM

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QUOTE(tancyew @ May 2 2021, 03:48 PM)
depending on the phases you bought. block a and block b is sold at cheaper price during launch. around 300k
*
Hmm.. i c.. thanks. So there's different prices.
TStechman007
post May 4 2021, 11:47 AM

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QUOTE(tancyew @ May 2 2021, 03:48 PM)
depending on the phases you bought. block a and block b is sold at cheaper price during launch. around 300k
*
Thanks. So, basically I'm looking at different condos price when checking from propertyguru eg. But does that mean, I can still sell the condo for 430k ? If it's in block C?
TStechman007
post May 4 2021, 12:02 PM

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QUOTE(csting87 @ May 4 2021, 08:50 AM)
depend on the factor to push up the price
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Yeah, but the problem is, it's gone lesser than the original (purchase) price of 430k
TStechman007
post May 4 2021, 01:13 PM

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QUOTE(digitalz @ May 4 2021, 09:58 AM)
Its very hard since market average now is below 400k right? I remember seeing some units going below 300k even for 1k sqft+.

Unless there's a big pull towards the area, the price now is most likely going to stay for some time.
*
Yeah, that's correct, some auction condos asking only 270k. Not sure, what's the underlying reason for such reduction from 430k to 300k. Something to do with location ?

 

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