Outline ·
[ Standard ] ·
Linear+
313k House loan
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looqsonline
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Jun 10 2008, 10:52 PM
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don't buy any new projects now ... go for second hand .. 200k plus subsale condos near public transport like lrt. new projects now are expensive because of raw material prices so they are not worth it to buy. alot of developers are saving on material now so don't buy developer units now. or at least wait till end of the year. everyone is scared that china will start dumping all their raw resources after the olympics. wait til after june next year for a lot of other reasons. but for now look for subsale units and buy one next to public transpoirt like lrt so that next time when u move into another unit u will be able to rent it out easily. so what exactly are u looking for? have you thought about the areas u want to live in? where ur life is and where you work or where you think u like? by the way i'm an agent just sharing my thoughts and views with you.
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looqsonline
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Jun 11 2008, 05:01 AM
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there are alot of subsale terrace houses selling at between +5 to +20 percent of orignal pruchase price
and by the way just let u guys know.... it doesn't matter how much the developer raises the price for a project, at the end of the day it is the demand that defines market value. Right now demand is on a decline due to oversupply also middle income families are overly geared and plus the rise in cost of living, things look bleak for the property market.
dude just remember it is now a buyers market. You as the buyer is king. anyway go have a look around at the subsale market. Especially in putra heights alot of buyers are dumping property there. Fully renod link houses selling for +15% of their original purchase price. New suburbs aren't doing fantastically well. Since your buying to stay, stay within extablished areas and you will be fine. Unless your speculating, go for new high growth areas. just remeber the thumb rule of investment, higher risk higher return.
By the way right now is not the time to become commited. Again recession is already here right now it is a property market especially around the expensive areas. Not enough tenants, rental prices not enough to cover loans, buyers are not buying. New high-end properties especially in the klcc and mont kiara area is 80% investment purposed.
By the way from the choice of your areas are u malay? have u searched i property?
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