This coming from the Maytower investment taikor.....better follow. Just click on the website on his siggy. Pai, I'm impressed

minolta

f


I bumped into that via your siggy link and was very surprised. Never thought of the potential for small niche market till now. Only thing I'm worried of is the sustainability....not that I'm doubting your investments, but I'm worried of the coming 12 months. I'm contemplating now on buying now for rental income or wait and save my bullets. Wait & see for the next 12 months or so before plunging in. If there is no upside in the economy withinn the next 12 months, then the credit squeeze will be worst and we will finally be seeing the distressed sales we've all been waiting for(you know you want it too haha)


cheer,
minolta

Pai bro,

Haha, I don't mean distressed sale at Maytower, but opportunities at KLCC/Mont' Kiara area. Or even landed properties elsewhere(but this I think is very unlikely even in this downturn). My price outlook for Maytower in next 12 months is maintain or upwards as long as the rental demand is there, which would likely be in view of the niche segment. So basically a toss up between Maytower or a possible distressed sale elsewhere.....time will tell bro. Happy bull year for both of us haha.

minolta

Rental is generally softer for sure. The high end ones have rental prices falling and there are new condos completing/completed recently/soon. As such, the pressure is on the owners...sell or keep? One thing about Mont' Kiara area that most do not appreciate is that the buyers have the income to support even if the units are not rented out. And not all are for rent.....own stay makes up at least 50% of buyers. So most will just hold on. No one can tell when will the economy boom out again....but I think everyone's sentiment is that when it booms, it will boom fast. Furthermore with the recent drastic cuts in interest rates, holding on is easier. While prices will come down, it will be slow.....not the distressed sales...yet. That's why my outlook is 12 months. If no distressed sales within 12 months, then likely there will be none. Interest is low and will only get lower if the economy stagnants. There are lotsa crocodiles out there waiting to buy.....bet lots of them are reading thread like these right now. So in general, the fight between buyers and sellers boils down to who can wait the longer.

Solaris is booming. Everytime I go there, sure got some new store opened.