Recently, a friend bought a house in Setia Alam. Double storey link 24x80. The price? A whopping RM644k. I personally feel the price is too high even for an end lot. And yet most of the units have been sold. Another launch 20x65 (intermediate) is selling for RM375k. I wonder if those buyers intend to stay or for investment..
As for my friend, she buys for own stay. Good for her. I don't think those investors can make profit with this kind of price. How much more can they sell for a double storey link house. Furthermore, many do not even know where Setia Alam is..
As for now, I feel the price has reflected the upcoming infrastructure and shopping mall for the next 3 years. If the developer does not deliver, or delivers late these prices will be adversely affected. Maybe as a long term investment of more than 5 years, it is still viable.
3 comments:
Interesting real estate blog. I have bookmarked for future reference. Hope to see such good things again.
I admit, I have not been on this real estate blog in a long time… however it was another joy to see it is such an important topic and ignored by so many, even
professionals. I thank you to help making people more aware of possible issues.
Great stuff as usual….
I think there is a lot of liquidity in the market... all new launches in 2010 were sold out. Even the semi d's.
SP Setia sales exceeded RM2.0billion in 2010.
What's going to happen in 2011?
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