simon koh
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apartment for sale? - 2008/03/09 20:23
Nancy wrote:
This is my opinion based on my own property searches over the years. I'm neither a property agent nor a local.
There are no good benchmarks in Brinchang. I've seen lousy "properties" asking for ridiculous prices. Pricing is on a willing-buyer willing-seller basis. It also depends on where exactly in Brinchang. Ultimately, the most valuable land in Cameron is around the golf course. Brinchang is cooler, but largely an agriculture area. You can smell the "natural" fertilisers and get flies every day. The best land is probably next to Equatorial Hotel and as far away as possible from the vegetable farms. I personally wouldn't pay $60 nor $100 psf for land next to vegetable farms or shacks. In fact, I wouldn't even consider it.
The bungalows around the golf course are fetching around $2m-$3m excluding the Smokehouse. Can't remember the value of the Smokehouse but it was transacted a few years ago. The houses around the golf course are owned by corporates, the royal families and the old rich, but there are always 1-2 units available for sale.
LBS Bina's bungalow lots are priced at $60psf. In my opinion, the project next to Heritage Hotel is better than the Carnation Park, but I would wait for their project behind Merlin Hotel. Having said all these, I feel that Cameron doesn't offer many choices nor value for money. Many people are going to object to this statement, but seriously would you spend a $1m on a house sitting on a small plot of 6000sf land with your neighbours' houses built right up to the fence?
When we buy a resort home in the hills, the intention is to escape claustrophobia. I think that was the intention of the British when they built the hill resorts, but along the way we Malaysians have not preserved them. Someone/company is always looking to make a quite buck. Soon Camoron will turn into a haphazard concrete/shack jungle that doesn't resemble anything of a resort.
If you have $2m to spend, you would have so many choices elsewhere - Fraser's Hill (there is a beautiful 3-acre Tudor House on the market for $3m. Land there is priced lower at $10-35 psf. And the place is truly a resort and closer to KL) or a holiday home overseas in the UK, NZ, Australia, etc. How about Kundasang (5,000ft above sea-level) in Sabah, Borneo Heights in Sarawak or the upcoming Gua Musang in Kelantan?
Nancy
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