Property price/value (Petrol hike), How petrol hike can affect price/value?
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 Jun 8 2008, 05:07 PM
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#1
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Junior Member
52 posts Joined: Nov 2004  
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Wanna ask some experts opinion here, will you buy a double storey semi-D which is 90% completed now or you will buy a double storey only later on due to increasing in property value or material cost? (Assume double storey price later on will same with double storey semi D now)
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Jun 8 2008, 08:47 PM
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#2
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Junior Member
52 posts Joined: Nov 2004
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QUOTE(tinkerbel @ Jun 8 2008, 06:03 PM) @hotlink, I mean the price nowU should ask urself if U need the house now?! If the price is going to remain the same and U don't need the house now, Y get it now and lock ur cash in?  2 storey semi D : 297k (90% completed) 2 storey : 260k (New launch maybe will become 280k or 290k when 90% completed) If i buy now, i can get 2 storey semi D with 297k if i buy later, with 297k in future, i only can buy 2 storey Actually is my parents wanna stay with me so that i no need to travel back hometown twice a month. Besides that , I just feel that I will never ever to own a semi D if i buy later on as everything keep increasing. |
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Jun 11 2008, 11:32 PM
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#3
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Junior Member
52 posts Joined: Nov 2004
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QUOTE(jchong @ Jun 8 2008, 10:19 PM) Lemme ask about the semi-d. From what you mentioned I assume the semi-d is still sold by the developer? Are there many units left in the project? The location is in Bukit mertajam, penang. The price increase 2k again. The good location now mostly booked by other people already.If there are still quite a few unsold semi-d units it's unlikely the developer will increase the price after completion. So you can afford to wait. But otherwise yes the normal trend is for house prices to increase upon completion (unless demand is low). Another question: where is the location of the semi-d vs the location of the terrace house? |
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Jun 13 2008, 03:25 PM
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#4
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Junior Member
52 posts Joined: Nov 2004
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Let's assume Jan 2009 recession, June 2009 10% of people lose jobs, 2010 more and more people lose job. So if people lose job selling property, I guess is around 2011. So you have to wait for 3 more years before you can get a house. But not everyone can wait for 3 more years, if they need a house around 1 or 2 years.
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