There is always big demand around sri sentosa by lower income group due to the lower cost.
Since it is aimed for lower cost, the rental at this area are slightly lower to the surrounding area.
I strongly believe renting it out is not an issue. The issue is how far the rental can go.
If PA1120 is built with quality and good management (high hope put on the new JMB
) definitely the rental will go up.
Also we need matured resident to stay in and create a harmony environment and taking care the common facilities. E.g. Sri Manja Court is maintained in a good condition over the years. The unit is easily rented out.
1120 is easily absorbed by the middle income group. What we need to do is to make sure negative factor doesn;t flow into PA1120. E.g. Low income group of people renting the unit and Africans. (i'm not racist here. but generally low income group of people doesn;t take care the property well, too many ppl living in a single unit and african creates the fears among residents.)
We need more middle class and family to live in especially owners themselves. (no doubt sometimes kids can be a nuisance)
If you were ask me whether can get good rental yield, i doubt it for phase 2. It is pricey compare to phase 1. You rental may only sufficient to cover the loan which you still need to fork out $$ for maintenance fees, insurance, etc. Anyway, some may think this is okay.
If you ask me will there be any future development and may make this area better. Sorry. not likely. No more land. Only small parcel of land available after this.
To throw in some positive news, there is a new link road between sri manja to Kesas will be open by end of the year. This missing link supposed to be constructed 10 years ago now resume by Selangor government. Once this link open, we no longer need to go OUG, jln puchong or passthru sunway to puchong. It can shortern about 15 mins / 7km travel time to puchong. Many of you may not aware of this. So cross finger and hope this link got constructed smoothly.
I've been staying in this area for about 7 years. Snatch thieves, break-ins and crimes are common here although there is police booth at the junction and sri sentosa. We need just to be extra careful. Gals never go out alone and should be always accompanied. Don;t bring too much $$, don;t wear expensive jewelry, always be alert and no handphone while walking.
Food, plenty of it in sri sentosa, sri manja square and PJ old town. No worry.
Supermarket, a lot in sri manja square and sri sentosa. 5 mins to sunway pyramid.
Last time, they have been many incident of car scratching in sri manja court but now no more thank to the strict security and good maintenance.
Some may talked about the faulty smell. Yes, it is still there. but not as bad as 5 years ago. Now it only happen less than 5 times a year and only during raining days. It comes from an illegal dumping site at tmn medan. I believe our units are far enough from the dumping site. Selangor government has pour in millions of $$ in treating the polluted pond. Now selangor government is considering filling up the pond with earth. (kekekeke, please vote pakatan rakyat in our area) Pakatan Rakyat has taken many measures in resolving our area compared to BN.
Everyone may have a different opinion. It is always welcome the constructive ones.
With extreme respect, this is the most valuable comment about 1120 that i have ever gathered.
Thanks.
Dec 26 2009, 01:07 PM
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