TBH, never would I have thought this place would've gone up so much. Then again I believe we are at the mid of an unprecedented boom so naturally everything will be more expensive. Was under the impression that is a lousy buy in 2006 until 2008 given the plethora of cheaper, better options elsewhere. However in 2009 noticed that price of studios and 1 bedders in KV are growing at a tremendous pace, and start looking back at Tropics as the entry price and package given by the Dijaya was fairly attractive, comparatively. Then I thought this was a worthy gamble, plus with the mall ready its a relatively small gamble hence took the plunge. So I went in n bought a cemetary facing unit for 226k with low down after negotiating with Dijaya.......... n this was my 1st REAL flip play......

Yesterday, signed SPA selling at 350k and got my 1st 10% from a cash buyer. Netted a small profit for 18 months work. No LAD charges received as I only bought the prop only 18 months ago.......... but Im not complaining.................

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Added on September 22, 2010, 8:46 pmActually, the pool facing 625sqf units are already asking 410k........... so Tazo might need to go hiding for quite some time.....

This post has been edited by Pai: Sep 22 2010, 08:46 PM

Sam, no idea but if you are selling, then do it FAST

There's a possibility that current asking prices in Tropics could drop......... as there r 3 factors that could go against Tropics in the near future.........

3 reasons why I think Tropics price might drop in short term :

1. That empty plot next to it, once contruction starts the noise and dust will not be good fro Tropics. When Tropicana Mall was constructed, they worked even on weekends n caused Casa Damansara 1 prices to fall by 20%.

2. Strict tenancy restrictions that will prohibit high paying tenants from renting in Tropics.

3. Impending BNM capping news will further limit the already small investor pool as now investors needs to fork out at least 70k-80k in d/p alone.

Anyhow I've been wrong before when it comes to Tropics so hopefully things wont be as bad as I anticipated. Cheers.

Yoki, once decision is made no point looking back. One bird in hand is better than 2 birds in the bush. One can never be 100% accurate on timing the market

If 70% LTV happens.........................can always go in and buy back in Tropics .............

Anyone know whats the contact number of the management office?

thanks Sam, u da man lah ^^

Yup, got out few weeks before the LTV announcement came.....lucky

cemetary facing at 565psf

dIY, that's what I did......... Saved 7k.......n can offer prospect some built-Ins to prospects to quickly move the unit........

should be 3% (DU) to 10%(KL view) premium ..........

around 250k.... in 2009....n yeah from dev....

If anyone wants to sell their 14th floor unit at 20% above the developer's price pls let know...........................



.............my fren wants to buy!!

sure