Sunday, March 20, 2011

Property Grumble (Issue No.3)

Boring, boring and further boring property markets.

Condominiums in Kuchai Lama has been hiking like hell for the past 5 years, Dynasty Garden Condominium's of 1000++ sq.ft. which was sold at RM155K back in 2006, was now priced at RM430K for sale, what the heck is that?

Bangsar South, again, you couldn't be able to find anything below RM500K.

Kinrara even, which a condo unit of 1000++ sq.ft was sold at RM270K around 18 months ago, was now sold at RM350K.

And One South Residency, whereby when launched, was priced at RM270 per sq.ft., and now? It's at least RM320 per sq.ft.

Newly tipped hot areas by CEOs and MDs of Malaysia's giant developers, consist of Bangi, Kajang, Iskandar Malaysia, Sepang, and the evergrowing Cyberjaya and Puchong.

Well, if Japan mass rebuilding after the recent disasters, a lot of construction materials, especially plywood will be imported from all countries. With all these high demands, it is believed that property prices will continue to rise. 

Argh. Boring.

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