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Impiana Condo Price drop to myr 400psf, can Buy ?

Discussion in 'A Singaporean's guide to Living In JB' started by Botak1, Dec 23, 2017.

  1. Botak1

    Botak1 Alfrescian Old Timer

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    Yesterday, a salesman informed me of the above.
    This price is slightly below the launch price of myr 500 psf.

    Is this a good time to buy such properties ?

    I hear,

    Teega, already many lelong sales at about myr 550 psf (lowest price)

    Strange because the new-developer-launhed condos are still at myr 800 and above,..

    How does one, read the market now & forcast for 2018, and beyond ?
     
  2. snowbird

    snowbird Alfrescian Old Timer

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    Many flippers and small time investors, especially those without much resources, can't hold on any longer without tenants or offer for their units will be getting desperate.
    As for developers, they can sell their units at any price but the crucial point is - are the units moving and how long can the developers hold on to the unsold stock.
    2018 will be seeing more lelongs and such going on very regularly.
     
  3. Asterix

    Asterix Alfrescian (Inf)

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    Impiana is damn close to the high tension power lines, especially those blocks that are at the back. I wouldn't buy or rent any unit there at any price!
     
  4. snowbird

    snowbird Alfrescian Old Timer

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    Impiana has 488 units and according to Property Guru, there are 143 units available for sale and 205 units for rent.
    So, the occupancy now should be less than 30%! And with the current situation, it'll probably be like this for a long time to come with even more units for resale if rental market remains weak.
     
  5. Botak1

    Botak1 Alfrescian Old Timer

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    Yes, the real statistics IS Frightening.

    Unfortunately, the Developers and Many Investor-Owners seems to be in self-denials,..and coupled with many, many Poor-Quality Issues,..the rot grows more,...

    For Ujana,
    There seems to be some conspiracy between the stake-holders as,

    1. Defects continues NOT to be fixed.

    2. JMB,..and even MC seems to have plenty of selfish-hidden agendas to selectively fix problems, Bias enforcement and even the MA Staff can be allowed to rent units inside the Flats - and MA acts as Property-Placement Agents to The Investor-Owners,..

    3. There remains massive loop-holes in the respective housing acts, with COB still lethargic to get involved,...

    Till today, Ujana still has massive Quality, Rectifications problems,...

    All these results in the slide of confidence, in the greater Iskandar Vision

    IT IS Extremely Regrettable that the millions of $$$$ spent in developing the UEM Brand, and even the UEM-SunRise Brand,..is being spoilt by Extremely Poor Management.
     
  6. FHBH12

    FHBH12 Alfrescian Old Timer

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    I recall reading the launch price in phases was around $400-500 psf only. Propertyguru still has many units listed around $500-600 psf. Next door Medini has plenty of empty condos so prices are unlikely to appreciate in next 2-3 years here. I don't think HSR can save much since it might only be completed in another 10 years' time.
     
  7. FHBH12

    FHBH12 Alfrescian Old Timer

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    Another way to see it is you will have a more peaceful time and very few residents crowding the facilities. AirBnB seems to be quite hot here though.
     
  8. snowbird

    snowbird Alfrescian Old Timer

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    Haha, that's very positive thinking but not workable in a residential estate tucked away in some far corner in JB.
    As a resident, when you walk around within the condo especially in the evening, it'll be eerily quiet with little signs of life.
    The AirBnB taking up rate don't seems to be good at all cos when I popped on a weekend during the recent schools holidays, it was still eerily quiet as usual.
     

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