Will this suffer from current economic crisis?

We will see about that soon. I personally think that RM 1,000 psf is over-priced and the price is derived by speculators to gain big bucks within short period. By the way, RM 1,000 psf is only the asking price, I am quite sure there are only a few who are willing to pay that price. But Bangsar area is not over-supplied like KLCC vicinity, thus RM 1,000 psf is quite reasonable in fact. Let’s wait and see what will happen once it is completed.

almost 2 years later, these levels have been breached so those whom bought made. as to comments on the development, you can read for yourself.... well landscaped etc.... any more bets to RM1200 psf ? we always look with benefit of hindsight.

azril always very negetive on answer,

arif and homeinvest, combine both, split equally, it will be 'balanced' haha.

I wouldn't say "azril" was negative. I thought he was balanced. He gave all the facts to support his case - ie supply etc. Can you fault that, compared to someone who just mouths off and gives unconstructive criticism? He even said RM1,000 seemed reasonable, although personally he felt it might be overpriced.

There are a lot of ads marked urgent for this property. So for those who feel it is a good buy at RM1,200 psf and will go higher, jump right in with your money! Don't bash poor azril back in 2009 without a crystal ball lah!

Fundamentally it might make sense, since due to money-printing, RM1,200 of real money in 2011 might be worth RM1,000 in 2009. That is, as a simple example, the same amount of cement in 2009 that costs only RM1,000 might be RM1,300 in 2011. We don't know if there is real value appreciation. The proof in the pudding will be in the occupancy rate or rental demand.

I agree with DavidT that Azril is insightful and neutral when giving opinion on the property market. I personally read comments by him and found it is useful for me to determine which and where. I guess at the end of the day, all of us want to do the best we can in it and try out best to pre-empt any untowards outcome as well as to be more 'adventurous' in it. Bravo to all that care to comment and reply!

Just becoz it is hitting RM1200 psf doesn't mean you're right. Remember the wise quote "The market can stay irrational longer than you can stay solvent" ... Alan Greenspan uttered "Irrational Exuberance" in 1996, but the dot com bubble lasted another 5 years before bursting like hell in 2001 ...

Singapore is having some kind of 'prolonged exuberance'. The price is still rising albeit at a slower pace. According to their government, it is in their interest that the house value be increased in tandem with economic growth...value growing and investing? Your take.

Singapore / Hong Kong is totally different story due to the scarce of land ... compare to US is more relevant.

even with scarcity of land, the Singapore govt is now rolling out residential land for sale, with yearly potential supply is 3-4 times the usual / normal yearly supply. Meaning, in 2013-2015, there will be 'shocked' supply coming into pipeline and is like valley suddenly peak and the next is...valley?

Prices of real estate have risen because there is a lot of hot money from international investors whom are caught by anti heatng measures in China, weak economic environment in Mid East, etc. so they put monies knowing property value will increase with limited supply. Besides singapore have a huge influx of foreign talents whom become PR and are eligible to buy HDB condos/apartment. singapore has 14% growth last year so with high inflation meaning property prices will surely increase.

what investment potential/return has malaysia got to offer ? oversupply of choice property esp around KLCC, MT Kiara, Damansara. Low expats following drop off of foreign investment. no growth impetus,

for these reasons, not sure of investment in property in malaysia when you can get higher returns elsewhere

The most recent S'pore property collapse is not distance. In fact it is 2007 / 2008 and somehow it pick up quickly and the momentum is just building up fast enough to warrant the idea of over heating of asset appreciation.

No doubt S'pore economy grows at historic speed of 14.7% (exceptional case, meaning it won't repeat itself...) but again, big part of their economy is generated from external trade / services. The world economic recovery is very uncertain and it is very very fragile, with all the issues ranging from political turmoil, wars, high oil price, disaster, high food price, inflation, social unrest, elections in major economies etc. Singapore is vulnerable to all these. In fact, there is report of further cooling measure of example 70% downpayment for 1st home, on top of the existing 16% - 4% stamp duty for first 4 years etc...

Most owners buy for own use now or in the future. Rental is very good and demand is high due to expat preference for proximity to BSC. No need another car + driver and safe to walk over for everything. Not any kind of expat but top execs of multinationals with very high budgets provided by company. For sale, usually fr Block A. Rare fr Block C and even more rare fr Block D. New high end condos not as well located already 1200+. BDRB just launched new premium condo further away 1200-1400psf. Prospect for One Menerung? Floor price already set and rising. Most recent Block D done at 1200psf. How high can it go? Good question but it cannot go down.

here's an update - Block A already going for RM1200+, Block C&D owners not selling even with offers of RM1400+. As for tenants, no shortage, but only the top executives of multi-nationals have the budget. One Menerung appears to be the preferred choice of such top execs as bungalows whilst nice etc, have security and maintenance issues. At OneM, they get almost everything, swimming pools, gym, space to walk/jog and next to BSC, no need for another car + driver for wife and kids. Actually, not that many units left for rental and owners can now choose who they want to rent to as well. To buy or not to buy? Still not too late as prices expected to rise in next 2 years. Serai will be RM1600+ in secondary market at least, so what is your guess for OneM?

The price itself explains why politician invested there.