Encorp definitely over priced. Reason is the land it is sitting on was purchased from UEM. Imperia and teega is sitting on land owned by UEM themselves. Encorp definitely not worth the price they are charging. I would reckon a fair price would be rm$600 psf. 30 to 40% over priced at the moment. Unlike UEM or setia or Ksl they don't even have a sales gallery in j b. All sub out to property agencies. And you know these agencies work.
good information for the bros out there to get some feel of pricing with so many new projects selling on both sides of the causeway. Another projects marketing is D'Rich. Friend asking but I not sure whether their pricing is ok or not.
I also feel that Danga Bay Tropez with so many bumi lots at $700 psf also seems to be over-priced and already factor in the future price potential, so not much appreciation and good rental yields to look for when completed when using comparision with other projects around that area. Am looking at it but probably re-consider as there is not much surrounding infrastructures to support that kind of pricing.
But if Teega is selling at average $700+ psf kind of pricings, it does look attractive as there is good potential when the pH is fully developed and a draw for foreign and international buyers.