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 The Z Residence @ Bukit Jalil, Another project by Trinity Group

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jet2020
post Feb 8 2011, 06:42 PM

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why TT takes so long to launch z residence? other developers oredi pre-empted TT and launched respective projects in Bkt Jalil.
jet2020
post Mar 20 2011, 10:09 PM

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those who r familiar with the area care to share wat are the estimated vacancy rates and rental growth rates for the adjacent highrise apartment?

just to a get a general feel of investability for this new project.
jet2020
post Mar 21 2011, 12:14 AM

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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 biggrin.gif 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.
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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


jet2020
post Apr 3 2011, 10:46 AM

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this is unbelievable....near HTC, >1100units, access road uncertainty plus oversupply in 2014 that will impact ROI and rentability.....many ppl still BBB even no DIBS.

One needs a big courage, a lot of luck and strong holding power to invest in this one........

This post has been edited by jet2020: Apr 3 2011, 10:46 AM

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