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

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tpleong
post Jun 5 2009, 11:52 AM

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From: Kuala Lumpur


QUOTE(Malefic @ Jun 4 2009, 07:22 AM)
Some examples will be Ayuria and Kiaraville in Mont Kiara and Marc around KLCC. Not spectacular drop, just some price decline. But as I said, you might be too late ... there was a sharp spike in the number of buyers in May and most reasonably priced units have been snapped up.

Same case with my apartment in Subang. The real estate agents say most units have been sold except for a few outrageously priced ones ... they asked me if I want to sell my unit, say got waiting foreign buyer.
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I am one of them who bought a unit at kiraville, in April! Have been monitoring for more than year. YES, all the good units are gone. what are left only those undesirable unit & those pricey units.

Am now eying a unit at Tiffani I-zen. Any expert here? Been offered a nice unit at 680 psf with Ascort lease-back agreement for 2 years at 7% return.....what do u guys think ?

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This post has been edited by tpleong: Jun 5 2009, 04:03 PM
tpleong
post Jun 8 2009, 08:54 AM

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Joined: Jul 2007
From: Kuala Lumpur


QUOTE(wirelessdude @ Jun 7 2009, 07:01 PM)
Question: instead of investing in a condo, why not invest in REITs?

1. there's no headache of maintenance, collection, etc.

2. risk spread over diff properties in diff industries.

3. 9% nett yield at current prices.

4. low capital outlay.

5. easier to sell.
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The answer is simple, I DON"T TRUST OTHER PEOPLE MANAGING MY MONEY!

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