QUOTE(xbox @ Oct 11 2014, 01:22 PM)
Good prediction on the gross rental and yield.
Just wondering with sovo in the picture, will the rental of these offices to be somewhere around rm2k? Not possible to cover installment?
KV is typical standing on a thin red line
Highrise comprise of Condo, Service Apt, SOVO, SOHO, SOFO, Hotel Service Suites, Office Tower, among these items, I hv strong feeling that office blocks are overly built.
We can judge the demand & supply from the rental mkt, the rental rate for Office has not grown since 2008 crisis, I may even label it "shrink in both rate (%) and demand" typically in secondary prime areas like Cyberjaya, Puchong, Bangsar South, Shah Alam etc
No specific data to show how big is the rental mkt for office in BJ is, however I think the risk is moderate as not much office space being offered till to-date.
Future is uncertain as there are a few mega projects under going in the next 10 yrs, vicinity projects namely WCT OUG City, VIVO Intellicity, Redevelopment of STC (Berjaya).
In general, office rental in KV is not promising, partly due to high acquisition cost
This post has been edited by UFO-ET: Oct 11 2014, 02:28 PM