Sunday, July 18, 2010

The Market Is So Hot !

I notice there are a lot of new property launch in this few months, since early year 2010. Many developers put their launch on hold in the past 2 years due to economy downturn. They are waiting for the right time to launch it so can sell it at optimum price. And seem like the tie is arrive. Nowadays, even you close your eye you still can hear someone tell you that XXX developer is launching new property at YYY place with ZZZ price.

Some developer claim it is pre-launch, some claim to be soft launch, some claim to be official launch. Seem like property launch also break to different phase nowadays:

Not launch yet - Only open to closely connected people
Soft launch - Open to repeated buyer or registered members
Official launch - Open to public (for those those left over units)

But what worry me most is the market sentiment, nowadays the property is selling at ridiculous price, but more ridiculous is there are lot of people buying it !!!


Amaya KL at Cheras Maluri is selling at RM400,000 for 920sf unit !
G-Residen condo at Kuchai Lama is selling at RM600,000 for 1500sf unit !!
Double storey intermediate house at Bandar Kinrara is selling at RM680,000 !!!
Icon Resident at Sri Hartamas is selling at RM1 million for 1000+- sf !!!!

Isn't property in Malaysia getting too HOT now ???

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