Oct 17 2007, 10:53 AM
QUOTE(Pai @ Oct 17 2007, 03:47 AM)
2. From what I've seen, the most expensive property within the same area usually have very little capital gains appreciation after completion. Easiest example, LakeEdge by YTL (a good, well known developer, IMO). It was sold from 380k (the most expansive DSL in Puchong at that time) 4 years back and today ASKING price starts from 450k, before nego. Cheaper DSLs from IOI has enjoyed at least 20% capital gains.
Lake Edge is a home concept I think most Malaysians can't accept. It's a non-traditional house without gate... and buyers cannot renovate the house facade or extend the kitchen. Not to mention maintenance fees etc...It also sits on mining land and leasehold which implies a certain negative pre-conception to many Malaysian buyers.
My humble opinion house buyers in Malaysia are not ready for such a concept besides Putrajaya
QUOTE(Pai @ Oct 17 2007, 03:47 AM)
3. Its Puchong. There's very little demand for 1/2Mil properties in Puchong as of today
There are already existing million dollar bungalows and pricy semi-D in Bandar Puteri.There is also the upcoming Laman Grandview you can see the IJM logo way up the hill... kind of sad really I wanted a house on a hill but Laman Grandview is way too pricey
http://propertymalaysia.blogsome.com/2007/...ranview-puchong
Secondary market value and capital appreciation I dunno lah... too rich for my blood
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