here is the scenario, in Location A, there are existing 2 serviced apartment, completed in recent 2 years. in between these 2 apartment, there is a small (not extremely big empty) land, it's already in planning (not yet launch) to build some high rise. and in about 500 - 700 m, there is another empty land, already announce but no work being done yet to build some shop lots offices and residential unit (first phase would be shop lots offices, later will be residential units). i'm looking at one of those existing residential units. if i were to buy it now (within the next 6 month), of course the price for the new units are expect to be more expensive comparing the existing (i assume?), but does anyone foresee what kind of effect would the new high rise bring to the existing units by the time the new units are completed in the next 5 years (in terms of rental / demand & supply / appreciation / etc)? or am i being over worried for the things going to happen is next 5 years? and if i were to wait for the new launches, i would have to wait for another 5 years before i can start rolling into the investment game, please provide your view on the above scenario.

This post has been edited by vdfoo: Jan 2 2010, 11:27 AM

the location is near south city, sri kembangan. the 2 existing serviced apartment are east lake and south city. the coming up project is onesouth by hua yang (http://www.huayang.com.my/huayang2008/microsite/OS/devplan.asp). any thought?

btw, what do TS and LNY stand for?

the targeted tenants are students, the colleges do provide transportation. is that still a problem?