My friend: ‘Hey, I just went to your project today and viewed the 1st floor of Block C.’
Chia Lih: Great, are you buying?
My friend: I am still thinking. It’s on top of the TNB room and it’s RM290K.
Chia Lih: If it is unsafe, I don’t think the developer would build a unit there. Can u hear anything below the unit?
My friend: I can’t but I want to consider first. I love your project. So spacious and you have a jungle track within your project, I think this is the only one in Penang.
Chia Lih: If everything is right, I suggest you buy quick because the prices would continue to move upwards especially RM290K is considered not that high.
My friend: Can’t be lar. There are so many units at RM290K.
In the end, my friend lost the unit because one week after that the unit was taken and I asked him what about all the other units he was looking at. He replied sheepishly that none of the units are now below RM350K now. Sorry to say but in property purchase, if the property meets all your requirement, BUY. There’s no such thing as the totally perfect property which meets every single of your requirement. If there are, chances are it’s not yours to buy. The owner would have increased the price or someone would have bought it earlier.
The project was Regency Heights. The prices for Block C & D started at RM209K. My friend missed it because every price is always demand and supply. If a lot of the condo owners want to sell, the prices come down. If however, few units are being chased by many buyers, then the prices would go up. Prices are now very transparent. Just look at www.propertyguru.com.my for northern property listings.
This is the same in share market. If you have set a price bracket, as soon as the share hits the price, BUY. If you are greedy and say, perhaps the price may drop further, that’s no longer investment, it’s called gamble. You may WIN but you may lose it all as you may missed the chance to buy when it was nearly the lowest possible.
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