Mar 24 2009, 08:57 PM
I have a feeling that the downturn is bottoming out or bottoming out soon...that is my personal feel. Don't ask me why I say that, but I am on the lookout now.
cheers,
minolta
Added on March 24, 2009, 9:01 pm
QUOTE(Phoeni_142 @ Mar 24 2009, 06:33 PM)
yeah man....
it isn't very "glamourous" to be owning those high-end over-rated condo's nowadays.
Fallen pysche,
1. I-Zen look's like a hospital. (lame joke, but my own personal perception)
2. Have u even been to I-Zen or MK at night? Do the "lit windows" test pls - sometimes, one doesn't have to be too analytical and just base your judgement on plain common sense. At 10pm - I guarantee you that you'll only see 25 to 30% of the lights on. And I don't think the other 70% of the units have switched off their lights to engage in "indoor sports".
3. Look at the Star classifieds - on a DAILY basis - there are 4 columns of MK condo's on sale.
4. The "For Rent" signs in I-Zen and MK is turning into an eye-sore.
5. There are some sellers that still think their units deserve a price in orbit. Even though the price may have adjusted downwards by 15% or so - bloody hell - RM 450K for a 1,000 sq feet unit in MK Bayu???? Oh - and this is a "fire-sale" unit by the way.
6. Suggestion - Stay away from it for the time being. If the price adjusts to 300K plus - then I'll consider swooping in.
Bayu has lost its shine after the murder in refrigerator case. Before that, Bayu was a stellar rental condo. People were paying top dollar for it. Nowadays, almost nobody even want to rent on the same floor as the murder unit....which is now owner self staying. As such, the demand there is poor, hence the price. But I think there is a potential in Bayu.....as it has smaller units and memory fades....it isn't very "glamourous" to be owning those high-end over-rated condo's nowadays.
Fallen pysche,
1. I-Zen look's like a hospital. (lame joke, but my own personal perception)
2. Have u even been to I-Zen or MK at night? Do the "lit windows" test pls - sometimes, one doesn't have to be too analytical and just base your judgement on plain common sense. At 10pm - I guarantee you that you'll only see 25 to 30% of the lights on. And I don't think the other 70% of the units have switched off their lights to engage in "indoor sports".
3. Look at the Star classifieds - on a DAILY basis - there are 4 columns of MK condo's on sale.
4. The "For Rent" signs in I-Zen and MK is turning into an eye-sore.
5. There are some sellers that still think their units deserve a price in orbit. Even though the price may have adjusted downwards by 15% or so - bloody hell - RM 450K for a 1,000 sq feet unit in MK Bayu???? Oh - and this is a "fire-sale" unit by the way.
6. Suggestion - Stay away from it for the time being. If the price adjusts to 300K plus - then I'll consider swooping in.
minolta
This post has been edited by Minolta: Mar 24 2009, 09:01 PM
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