Not sure but the tenant was LOREAL.

If it is at that area, RM 1.1 mil is about 10-15% below market price.

This unit sold long time ago oredi leh!....yield so, so only...

sold oredi ah?? bpp nice area.

---

Added on September 24, 2009, 3:29 pmyup yippie but

gone liau er the unit?

This post has been edited by rachel23: Sep 24 2009, 03:29 PM

er..not really ler....still very new to commercial properties plus have not been actively looking into commercial prop for quite sometime now. Hence my information might be lagging behind but I can try...It all on your budget, leasehold or freehold, holding power......

This post has been edited by Joink: Sep 24 2009, 06:58 PM

eer..the lower the better loo, wah if got like what brother Pai mentioned, 1m, rental 6k , f/h..nice lo......tenanted the better loooo..can hold maybe a yr or two , but hair might drop heavily looo.....

That will be 7% returns for a freehold prop. It will be very difficult to find in the current market since it is freehold... you can try Subang Jaya, USJ, Puchong, Kota Kemuning, Bukit Jelutong side....or old KL shoplots

Got a text from one of the agent about 2 weeks back. 4 storey kampung pandan (personally I don't like 4 storey or more). Selling for 1.1mil. Rental about 6-7k. KP area should be leasehold. If you are interested, you can try calling him at 012-6526855.... I did not check it out as I am not too keen on leasehold shoplots.

For the 22x75 3 storey shop lots in BPP, the launching price was RM 8xxK, and then raised slowly up to RM 1.1 mil for some units (I am talking about intermediate units), depending on which rows the shop is.

In long run, I think it will be quite a good investment. However, IMHO, IOI has built too many shops in BPP in recent years. Hence, the capital appreciation is rather low as compared to some other areas.

4 storey Im also not so keen..unless its in an area where can build motel or something I think. Kota Kemuning KUCC Im not sure if still alright to buy , 2 sty at 8ook. Dev price was only 500k. up so much liau. Dont know how the area will fare later...nobody yet

---

Added on September 24, 2009, 9:24 pmmaybe at some point might still pop up unit for sale. Where is it actually? Is it further inside bandar puteri?


This post has been edited by rachel23: Sep 24 2009, 09:24 PM

Kota Kemuning KUCC already 800K? An agent called me several months ago and told me the price was RM 700K or so.


There are still sub-sales unit available for the BPP 22x75. It is next to Puteri Mart and the BPP Badminton Hall. I reckon the price is RM 1.25 mil or thereabout for the intermediate units.

Don't u think BPP is oversupply at the moment?

I said so in my previous 2 postings.

yes u did. miss that.

yalooo...last few months and this month many properties went up i think...cos the last few months also I was told Hamsphire residence can get for RM700-770 psft ,,and kota kemuning was 650K beginning january or feb...then now Hamshire is around RM870 - 900 psft and kota kemuning is around 800-850K wor and the 3 storey is 1.4 m now ...sigh@@

At this point in time, tenants complaint more about noise from the contruction works at Glomac Tower and Fraser Serviced Suites.

Marc is still not too bad, compared to Idaman Residence which is along the bustling drinking street at Jalan P Ramlee.


Being a newer condominium, HR's facilities and finishes are better than Marc. Marc could fetch a higher rental, in terms of psf basis. It was RM6 psf/month for Marc vs RM5 psf/month for Hampshire Residence. The survey was done in Q1, but I don't think there is significant change to the rental rate now although selling price has moved upwards a bit.


Most of the potential buyers were just like you, adopting a "wait and see" attitude early this year. A lot of people might be disappointed because there were no fire sales and the price has gradually recovered in fact. You might have missed the boat, BUT it is still not too late before a potential price hike next year, in tandem with better economic outlook.

Btw, where to get a RM1.4 mil 4-storey shop near Giant at Bandar Puteri Puchong? Were you referring to the newly launched 3-storey shop next to Giant? As far as I know, the best units (4-storey shop-offices) directly facing Giant have been sold out or reserved by IOI. The 3-storey shops are located in the inner side of this new launch, which do not enjoy good visibility from Giant and the main raod of Bandar Puteri Puchong.


Bandar Puteri Puchong is one of the most thriving area and thus has always been in my investment radar.

Except the 1st row of the 3-storey shops directly facing the wet market which are doing quite well, the rest (especially inner side) are struggling but there are no distressed sales. However, if you can get a unit below the market value, you are lucky then!

thanks and its very informative. Btw, is the RM6psf on Marc is based on asking price or the actual rental price? Last I heard Marc is doing RM2800 for a 5++sqf studio, so that brings rentals to less than RM5psf......

All rates were asking rentals. Btw, the rental rates depend very much on facing. Those facing Glomac Tower and Fraser Serviced Suites couldn't fetch good rental. Good units in Marc are those (balcony) facing OneKL/Mandarin Oriental Hotel and Kirana/Ascott Serviced Apartment.

Not really, the best tenanted row would be the row facing the main road (the same road as per the badminton hall).

Eh...I thought it should be the 1st front row (from the junction till the small lane before the big Chinese restaurant) directly facing wet market, where "Kung Fu Bat Kut Teh" is situated. This only involves a few units. Other shops facing the vacant land next to the wet market are dead. I went there to survey many times, but still couldn't find a unit under fire sale. Selling price for those particular units is about 1.5 mil vs. the row facing the main road you mentioned at 1.2 mil.

Anyhow, with 2 proposed LRT stations around Bandar Puteri Puchong area, there is much potential for the shops there. Do you guys think there will be so many LRT stations since most of them are located very close to each other (Tesco - Rakan Muda Complex - Tractor)?

We should discuss this in Bandar Puteri Puchong thread instead. This topic should be "exclusive" for Marc Residence vs. Hampshire Residence.