QUOTE(icemanfx @ Jun 28 2021, 11:49 AM)
Believe many bought to flip or rent, may not sustain for a few more years.
I don't know how do you understand the logic.
Investor bought and flip, meaning, someone else will buy it over from the investor, they will either:- buy for ownstay, buy for rental or buy to flip
If buy for ownstay, means the unit will be occupied
If buy to rent, meaning the unit will be occupied as well, just not by owner.
If buy to flip, back to the cycle.
If they cannot flip, then lelong. The new buyer cannot run from the 3 element of ownstay, renting or flipping.
Eventually someone will stay in the property, be it the owner or renter.
When population increase, needless to say demand increases that will bring in business and services which in turn bring in work opportunity again is a cycle.
I'm seeing lelong phase in cbj now. Everytime askar perang announced new buyer, I'm happy.
You keep saying cbj is a ghost town. I'm seeing people grabbing the lelong unit there. Not like lelong also no one buying it. Bukit beruntung?
Anyways, putrajaya keep on pumping money in cbj. Don't see they do that in Petaling Jaya. The satellite city for kl.
This post has been edited by wanted111who: Aug 5 2021, 01:56 AM