QUOTE(dripinrain @ Mar 20 2011, 10:31 PM)
So far properties in bkt jalil all can say quite in demand, vacancies quite low. Imagine puchong/kinrara ppl pass thro here to go kl & u can gauge how well-positioned this area is, though ZR's specific location is subject to a bit of uncertainty cos of infra in progress, as usual malaysian planning..but i am quite certain upgradings will come in. Ur asking about 'estimated rental' 'adjacent highrise', theres no need to estimate as its all in the property sites like iprop.. Sorry, just reread your sentence, 'rental growth', this is quite tricky and ties in to my thoughts in the last paragraph. Those in immediate vicinity ie green avenue might be impacted, those on the lower scale such as jalil damai are in different rental market so don't foresee them abandoning these props, while further away savanna/arenaGreen are solid stocks rental wise.
The tricky part is estimating vacancy & rental 'for ZR' in the future

cos many condos will be constructed around it as someone said.
Have to have a crystal ball to confirm whether bukit jalil will be 'the' place to stay in people's minds & therefore attract many to relocate here to fill up the vacancies.
dripinrain, thanks for your inputs.
i see 2 risks to invest in ZR
1. Risk 1 (inter-competition) - huge supplies of new condos (estimated >4k units) that will be completed along Puchong - BJ
before ZR is VPéd. is there a growing demand that can buy or rent all the new condos incl ZR. my guess is ZR targetting the same customer segment like the rest.
if the current vacancy rates > 5% and all condos are aiming for the same segment, then the new supplies will further increase the vacancy rate and hence impact the rental growth.
2. Risk 2 (intra-competition) - if 80% of ZR buyers are flippers, pls imagine the intense competition after VP to sell or rent and compete with other 900 units in open mkt