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Investment invest in klcc or mt kiara?, newbie & 1st timer in buying property

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Pai
post Mar 24 2009, 01:07 AM

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QUOTE(fallen_psyche @ Mar 23 2009, 11:35 PM)
hi all,
I'm a newbie and 1st time buying property for investment purpose... am currently looking at Marc Residence in KLCC...
Do u guys think i should wait for a few more months since there is rumor that the market price will drop further?
another choice that i am considering is I-Zen in mount kiara... in your view which would be a better buy??
am also up for suggestion to invest in other places.. do advice....
got a budget around 500k-600k.... thanks all!!  biggrin.gif
*
rolleyes.gif


and some still wonders why there ppl KLCC and MK will be the 1st to experience drop in prices........... wink.gif
Pai
post Mar 24 2009, 06:14 PM

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QUOTE(fallen_psyche @ Mar 23 2009, 11:35 PM)
hi all,
I'm a newbie and 1st time buying property for investment purpose... am currently looking at Marc Residence in KLCC...
Do u guys think i should wait for a few more months since there is rumor that the market price will drop further?
another choice that i am considering is I-Zen in mount kiara... in your view which would be a better buy??
am also up for suggestion to invest in other places.. do advice....
got a budget around 500k-600k.... thanks all!!  biggrin.gif
*
going back to basic ----> why u wanna buy Marc or I-Zen? hmm.gif
Pai
post Mar 24 2009, 10:25 PM

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QUOTE(putraperdana @ Mar 24 2009, 10:00 PM)
idaman resideces is as good as marc
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Where's Idaman Residence's access road lah? hmm.gif
Pai
post Mar 24 2009, 10:39 PM

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QUOTE(fallen_psyche @ Mar 24 2009, 07:57 PM)
wow... thanks for all the head ups...
ok... here now i answer all questions...

1. basically now i'm looking more towards buying marc residence than I-zen after i did sum surveying around and i think that it is a bit too congested in mt kiara and i agree that it's a bit too pricey.

2. i hv enough cash for the down payment including all legal fees and s&p docs and my idea is if i do not hv d retaining power to sustain the installment, i wld not buy d property. so yeah, even without tenant for few yrs (hopefully not gonna happen since it's investment purpose! hehe!), i can afford to pay. i also agree that buying with cash is not too wise (no offence to anyone!!)

3. why i choose marc is because it's all about location location and location. firstly, klcc area is a prime city area. correct me if i'm wrong, but comparing malaysia's property price to all our neighboring country, ours is actually lower. therefore i think that in yrs to come, our country's property price, especially around golden triangle will rose up to reach the better economic standard, no?

4. i'm also aware that around tat area lotsa property are coming out and that there may be over supply but i found out that in really golden triangle area which r really close to KLCC, only 3 blocks (or 4 considering there's 2 tower of marc) has got small unit sizes studio apartment. parkview is one, but dun like the entrance and know it's got certain problems and 2 is d coming up lot 163 where d price is so much more expensive compare to marc in terms of size. Hence, if someone r to choose from these 3, dun u think marc has got better potential???

5. i'm also aware tat d occupancy rate in marc is not so good but can anyone tell me d reason???

6. of cos i'm not investing in this property for a short period of time and more of a middle to long term one, with the price so low now, i just tot its a buyers market, which brings me want to buy in now... hehehe...

7. do anyone of u think tat d market is still gonna drop further and tat shld i wait for a little while more??

pls argue with me more as i think a good debate will lead to a better judgment in deciding whether or not to go in this time around!!! thanks so much everyone!!!
*
hmm, ideally I wont go for either as numbers just doesnt make much sense (unless can get Marc at Rm700psf and IZen at less than RM280psf brows.gif ), but if REALLY have to choose, then I go for Marc and will only buy either the studio or the 2 bedroom units.

I'd also consider Idaman Residence if I can get one at Rm700psf, fully furnished smile.gif
Pai
post Mar 24 2009, 11:44 PM

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QUOTE(fallen_psyche @ Mar 24 2009, 10:56 PM)
do u think marc is gonna drop further???
*
Honestly dunno and dont care tongue.gif

Marc has nothing to offer IMO barring the location, hence it was never in my watchlist smile.gif
Pai
post Apr 4 2009, 09:24 AM

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Bangsar landed property gives poor yield, not suitable for those gunning for good monthly rental incomes.
Pai
post Apr 5 2009, 11:38 PM

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QUOTE(meejawa @ Apr 5 2009, 06:37 PM)
I really don't understand why so many ppl think the nearer a property to KLCC is, the better it is. Personal preference I can get, but I bet my fat ass most buat follow je...
*
This proves one thing, that just bcoz one has the $$$$$ doesnt mean they know what to do with it. Simply invest in properties just to look smart, and shouting the old mantra --> location, location, location tongue.gif




Pai
post Apr 7 2009, 12:12 AM

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QUOTE(meejawa @ Apr 6 2009, 09:36 PM)
I was thinking long and hard on this as well...and I've finally decided to EXIT from Zest. The service apt at least. Commercial one I'm holding fast.
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wah..........seriously? shocking.gif

Anyway, am sure u have your reasons, good luck chief smile.gif
Pai
post Apr 7 2009, 11:32 PM

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The smaller units studios or 2 bedroom in KLCC i think still got hope and should prevail medium to long term.

 

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