QUOTE(probiotix @ Nov 13 2009, 08:17 PM)
I believe I have stated earlier that LRT is convenient so certain profile of tenants would want to stay in condos near to an lrt. This is especially more so for tenants who work in the KLCC vicinity which is perpetually jammed and Seri Maya is just a few stops away. Puchong is a little to far away, don’t u think?
Far or not, will depends of the tenant's workplace/uni etc. Thru enuff that Zest is further away from the city center, but low budget profesional expats will have tendency to opt for cheaper alternatives as long as its just as covenient. Should Seri Maya is priced at 3k when 3 years down the road, we could price Zest at 2.2k per month and tenants save Rm800 every month should they opt for Zest.
The key here to have the LRT station within walking distance so its still convenient enuff.....
QUOTE(probiotix @ Nov 13 2009, 08:17 PM)
I think your understanding of Hillpark is a little vague. There are various phases there that do not have the same pricing.
The RM220k that u mentioned is high density phase while the lower density ones are priced between RM350k to even RM450k.
I don’t have much understading in hillpark myself. Kindly do a quick check on the various websites on property pricing. Please don’t generalize hillpark as ‘less than RM220k’.
btw, those RM220k high density ones were selling about RM160k in 2007. I have a nifty program that my valuer fren gave me to check transacted prices.
Regarding PP, whats ur explanation for the sudden surge of RM100k in the past 2 years?
If its not Bangsar south and general improvement of infrastructure in the surrounding area, what then?
Again, PP will always command a premium over Hillpark as its walkable to LRT station. The 100k surge IMHO is due to surge in rental values. Condo's walkable to LRTs will always2 commands a premium is both rentals and asking prices.
FYI, a fren just sold his semi furnished 10++/11++sqf Phase 5 Hillpark at 220k just 4-5 months ago..... so think Im not generalizing.
QUOTE(probiotix @ Nov 13 2009, 08:17 PM)
Whats the percentage of students in the klang valley who actually pay close to RM2k for a studio unit? 50% ? come on...
For studio's nearby LRT like Maytower, Casa Mutiara, PP and Amcorp, there's a decent supply of students and young profesionals. Mind you these r not local tenants.
QUOTE(probiotix @ Nov 13 2009, 08:17 PM)
To Zesters:
So sorry for getting out of topic from this thread.... pai n myself shall continue in other related threads for MK, Ampang, Bangsar, Pantai etc which pai's interest is directed at////
my apologies .....

I own nothing in the areas u mention above. But I do have some small properties all nearby/walkable to LRTs that r doing above 10%-15% yields. So pardon my optimism on Zest's future prospects due to the LRT factor as Im just speaking from my experience

Peace out