Any update on this development?

Whr's the exact location of Jalil City actually? Im not familiar with Bukit Jalil so do tell me based on Kiara Residence 2 location.

U mean Calvary Convention Centre?

Whr's the location of these shops? How many units?

Isnt 2.7mil a bit high for the area?

I would like more info from you about BJ commercial property e.g existing prices, rate of appreciation over the years, good locality in BJ, possible tenants, etc. Im not well versed in this area at all.

Any details?

All quiet again

How is the Prasarana development going to impact this area especially Kiara Residence 2? This is a PRIMA development rite with low prices?

What mind of pricing we looking at?

Would it be possible for you to do a overall map of Bukit Jalil indicating key developments e.g the new LRT stations only, proposed interchanges, Kiara Residence 2, Bukit Jalil Golf Resort, Calvary Convention Centre, KM1 East/West, main access roads e.g Kesas, BJ highway, Kinrara, Pavillion 2 and WCT Mall?

How many shop lots in total and open for sales when? Just wanna know how fast it was sold out. Price range?

Thats why buyers of Z are smiling to the bank already. Hopefully ill be smiling also when KR2 VP in 2016. Bought at 440psf.

320psf in 2010, 440psf in 2013 and 550psf now. But dont forget, areas like MK and KLCC are the hardest hit during a downturn. Prices in MK have been dropping/stagnating since 2012 already.

Those investing in BJ this year onwards at higher prices are more exposed to a possible market correction. I still think we're gonna see a correction in 2016. The bull run has to stop sometime.

First of all, BJ is not considered prime area. Its a growth area. Huge difference.

Secondly, those <RM700psf for subsale will be ok but anything more than that will be a gamble in the current economic outlook. So those investing in 700-750psf new launches now will need to really think through their decision before investing. But as with any other property, its only a risk if you cannot sustain. Those with strong financials will be able to sustain even through downturns which is why u rarely (or never) see property prices dropping in areas like TTDI even during downturns.

Achieving high prices is one thing, sustaining them is something different altogether. Most of the property investors today have never been through a property slump / downturn. Their info is always based on post 2007 stats which is why they are so confident in investing. But if you carefully analyse the signs preceeding the downturns in 1997 and 2003, you would see some very similar signs to what we're seeing today. And its scary.

The interest rate hike doesnt have any effect. Its only 25 basis points which would about to a hike of about RM50/month for a 500K loan. The problem only becomes serious when the BLR hits 7.5% and above but by then property will be the least of your concerns.

I think the LRT proximity to developments have been hyped up too much. This is a good marketing strategy by developers. There are many properties along the current LRT line which didnt appreciate as predicted. The current new LRT & MRT projects still have 1 major failing which is the lack of park n ride facilities. As long as ppl cannot park n ride, ppl will still prefer to drive. For a LRT to benefit the surrounding property, it must have park n ride facilities to cater for a wider catchment area of at least 2km radius. But this wont increase property prices much. Only developments within walking distance to LRT stations will benefit the most. And walking distance is max 15mins or 150m. Anything more than that, the residual effect of the LRt station on property prices, start to diminish.

In saying that, for BJ to appreciate to 750psf and above, areas like MK, Bangsar, etc would need to appreciate much more. So if these areas are stagnating, then BJ will be worse of.

I bought KR2 at 435psf in Jan 2013. If it was say >550 psf, i wouldnt have dared to invest. But now i see ppl are investing in even RM700psf properties in BJ. Is it a good sign? I dont know. But i do know that the domino effect of fire sales has good a devastating effect on surrounding properties. When a few buyers start dropping prices to push off their properties, u start seeing a domino effect with even stable buyers starting to sell to avoid being caught out.

Being a growth area is only good if the growth is sustainable. Our biggest enemy are the over-zealous and greedy property developers who are only interested in their new launch sales. When the subsale market goes down, they wont be anywhere around. So invest with caution.

The key words highlighted in bold above. But not sure how many ppl know what that means....