QUOTE(airline @ Jun 16 2010, 08:22 AM)
But Saujana Recency and Olives not doing very well. - why?
is it cause change hands too many times.
when is it ready for occupancy anyway.
Olives is not walking distance fr KTM and 'future' LRT hence not so 'hot'. Isola's benchmark should be compared with e-tiara & empire soho. Is regency next to e-Tiara? Thot it was sold out and commanding good rental RM1.8k to RM2.5k?
At RM600 psf the studio need to rent out at RM1,800 to be worthwhile. Throw in some furniture and you need RM2k. Stiff competition from e-tiara & 2 other neighbouring s.apartments. OTOH the 3 condos did sell very well and have high sub-sale demand.
BTW my source quoted RM500 psf when I registered; if RM600 psf then I won't consider as 'margin of error' is very slim & yield is too demanding for my taste
Added on June 16, 2010, 5:12 pmQUOTE(sonycamera @ Jun 16 2010, 04:06 PM)
Rm600psf, not surprised. I think the Parkhome pricing is also around there but not sure the takeup rate.
If I am not wrong, there are one or two condo projects (one may be by Malton) across the other side of Federal Highway. It might be part of Saujana Golf. Not sure pricing but to me better environment and at the same time near subang jaya.
Parkhomes take-up is disappointing as it is considered 'too far'. It is not walking distance to subang parade, KTM or colleges. Initially oso considered overpriced.
You are refering to Amaya (by Malton) which is a different class all together although the launch price was somewhere RM600 psf. It offers better finishing, in better neighbourhood and bigger build-up. That area oso have a pocket of Japo community due to the Japanese school. It is oso the 1st condo for sale in the area, previously the condos are only for lease. The only condo open for sale used to be Bungaraya which is > 10 yo & 'too far away' for the expariates yet used to command high sub-sale and good rental yield
This post has been edited by rakyat: Jun 16 2010, 05:20 PM