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Financial Is property going to drop?, General property price discussion

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Ambang2
post Jan 22 2011, 11:55 PM

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QUOTE(shyshy @ Jan 21 2011, 11:01 PM)
i guess Ambang Botanic. smile.gif
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Why Ambang Botanic?
Ambang2
post Jan 23 2011, 01:13 PM

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QUOTE(shyshy @ Jan 23 2011, 01:54 AM)
The property  price is ridiculous, lots of new launch houses are booked by internal ppl to create high demand, then sell to those are desparate at markup price. Recently my fren just earn 1 mil by selling those units that theu gotten thru lucky dip.
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But same goes to other projects in town. All developers will open up to their staff for priority purchase then only offer to public. SP Setia, I&P, Mah Sing are all the same.

The only question is how long these staff can hold the unit. I personally don't think these people has strong financial backup.

It is quite true that property price may not go up instantly upon VP but with sufficient financial holding power, price will eventually go up as cost of material, land cost and scarcity of land are amongst the factors pushing up the price.
Ambang2
post Jan 23 2011, 01:46 PM

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QUOTE(airline @ Jan 23 2011, 02:27 PM)
but a lot of property guru say better sell some now. dunno how high this party will go on.
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We must not forget about inflationary factor and time value of money. Our ringgit is getting smaller and smaller as compared to other major currencies.

Landed properties are still the best investment for capital conservation. Long term gain is utmost assured.
Ambang2
post Jan 31 2011, 05:43 PM

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With cost of building materials on the rising trend, there is no way property price is going to drop. Moreover, housing developer will not reduce the selling price for new launch. If they do so, it will dampen the property value of secondary market.

Property price will continue to go up, perhaps at a slower pace
Ambang2
post Feb 1 2011, 12:55 AM

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Better grab property now or you will regret otherwise
Ambang2
post Feb 1 2011, 11:34 PM

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QUOTE(scorpio79 @ Feb 1 2011, 11:02 PM)
Greetings to all,
Can anyone inform me whether is there any new projects going on at SeriKembangan/Kg Bharu Puchong/Kajang/Bangi?
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You can wait for the new phase from 16 Sierra by IOI
Ambang2
post Feb 10 2011, 09:25 PM

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QUOTE(property101 @ Feb 10 2011, 10:05 PM)
i do agree that recent new launches are expensive, and sub-sales have increased a lot. but i just dont get it, why must a person only interested in new property? why must buy a high end unit? which they cant afford and then keep complaining they cant afford a property.

if one cannot afford to buy in pj, then buy in rawang; if one cannot afford to buy 1400sf high end condo, then buy mid cost 900sf apartment. when one is desperate enough, whats wrong with staying in 700sf low cost apartment? go to iproperty and check, there are hundred of pages of listing which are still below 200k, i mean pages, not units.

i just don't get it...but if one want to start arguing about the environment, the accessibility, yeah right...keep on arguing make oneself feel better.

i seen people who complained they cant afford a house after working for so many years, but i also seen young man (early 20s) who has not even finish his university study already owning more than 1 investment property.

for all those complainers, come on, their circumstances is merely a reflection of themselve. the fact that they are still complaining rather than making things happen says a lot about them. work harder, work smarter, there are people who can make it, and they did it already. this is something i learn from my old man, dont complain about the price is expensive, but go and make more money yourself!
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Agree. Should work harder to make more money. Huat ar!!!

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