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Investment D'CLOVER RESIDENCES @ CENTRAL PARK DAMANSARA, The Integrated City of Damansara

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zack.gap
post May 22 2021, 06:48 AM

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QUOTE(ruserious @ May 21 2021, 09:20 AM)
Correct me if i am wrong, could anyone complain in Desa Park City and Mont Kiara that there is too many units there ?
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1. Did DPC and Mont Kiara launch 6k units simultaneously within a span of 2-3 years ?

2. Ask yourself then why this developer is soo eager to launch many projects/units within such a short span of time?

3. Stop doing comparisons to other master plans. Another popular comparison is Bangsar South. This place ain’t it.
zack.gap
post Sep 29 2021, 06:31 PM

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QUOTE(annoymous1234 @ Sep 29 2021, 04:54 PM)
Is there new project with low price, low dense, no jam, and larger than 1000sf in PJ?

If buying for own stay, as long as u like it and can afford it then go ahead. If for investment then need to study. If u keep finding fault in each project u will never buy one. Forever waiting for that perfect project, too expensive la, too jam la, no mrt la, too high dense la, size too small la.
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Why has to be new? Who not go for subsale with all your other criteria's ( low dense, low traffic, low price, larger than 1000 sf) ? The added value being that you can actually see the physical condition without the need to pray for a developer to deliver?
zack.gap
post Sep 29 2021, 08:44 PM

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QUOTE(annoymous1234 @ Sep 29 2021, 06:53 PM)
Because we are discussing about new project.
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A property is a property lol. You want to shoehorn it to a specific house type, price range, size etc sure go ahead. But given the fact that the gestation period for this development is 4-5 years away why should people wait when they can grab something cheaper in the subsale market now?

QUOTE(annoymous1234 @ Sep 29 2021, 06:53 PM)
Besides, subsale u must have cash to pay 10% downpayment and all the other fees.
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This cashback logic + sheer volume of units is the exact reason why this development will have a hard time to appreciate. Nowadays every T, D or H can buy a house with zero downpayment while forgetting that the 10% ‘saved’ is actually owed to the bank + interest. But hey, so long as don’t need to pay downpayment all is good right? thumbup.gif
zack.gap
post Sep 30 2021, 10:52 AM

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QUOTE(annoymous1234 @ Sep 29 2021, 09:28 PM)
My point is most first time home buyer don't have enough cash to afford paying the downpayment. Why else do u think they go for project instead of subsale then. Of course everyone knows, u save the interests if u pay more downpayment, some even took only 50% loan. But  u tell me how many mid or late 20s first time home buyer can afford that 10% nowadays? Out of 10, how many?

Btw, my question is still remains. Apple to Apple comparison, new project vs new project.
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lol your question on downpayment is really a chicken and egg issue. Ask yourself first how come can buy without downpayment? Because developer markup right? So if a property is originally 500k, developer markup to 550k to cover 10%.

The issue now is most projects markup to 20-25%. So instead of getting a loan for 450k and saving up 50k for downpayment, the SNP price is now 625k (25% markup). So any new development will use the 625k as baseline which artificially drives up the property prices further. The next development will then sell at 625k and after markup is 780k. Each new cycle means new buyers have to fork out 20-25% more downpayment for new properties. And this markup cycle has happening since the 2009 DIBS era hence chicken and egg.

Of course for agents like yourself this doesn’t mean a thing since your only concern is closing a deal. But for people like myself who just want to buy a house without it being used as a tool for speculation, I guess I was born in the wrong time.

Btw I have pointed why your criteria is irrelevant, a property is a property regardless whether new or old lol.

 

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