QUOTE(Pai @ Nov 13 2009, 06:32 PM)
The answer lies within the next question. Why do u think expats would rather rent 3k in Seri Maya when they can also opt for the same or get a better deal in Bangsar, Ampang and MK? WHat brings these expats to Jelatek area which is never a traditionally popular expat joint before Seri Maya was built?
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?
QUOTE(Pai @ Nov 13 2009, 06:32 PM)
Hillpark price increase is not even close to PP. U can still get Hillpark for less than 220k now, but a 2 bed unit in PP now cost >350k. Its technically the same area but the gap in pricing is huge. Why do u think BS and PP can enjoy such premium over Hillpark?
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?
QUOTE(Pai @ Nov 13 2009, 06:32 PM)
Students is not the main factor mate, its bad maintenance. In fact I have few foreign tenants who r students themselves and they pay me nothing less than 1.8k p/m for a 3++sqf studio. A student that pay's rent on time is just as good as any other tenants.
Whats the percentage of students in the klang valley who actually pay close to RM2k for a studio unit? 50% ? come on...
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 .....