If the link bridge doesn't bring in expected number of people, many could end up in foreclosure.

BUY LANDED FREEHOLD

Further 2 rounds of no taker. At 5th re-auction now. Guess need to hit below 1M mark then only will attract buyer.

A-57-1, Tower A, Residensi Vogue 1
Reserve price 🔥🔥RM 1,543,500🔥🔥
1647 sqft
Leasehold
Auction: 25-Jan-2019 (Fri)

occupancy here increased significantly but rock bottom rental. friend just rented a fully furnished 700+sf unit for 2.5k. terrible yield.

This post has been edited by Babizz: Jan 17 2019, 09:30 PM

Apparently a lot of rich owners with ultra strong holding power

Very good price for such strategic location.

THE KTM Bhd (KTMB) quarters in Bangsar, Kuala Lumpur, will finally undergo redevelopment and the new project will have an estimated gross development value (GDV) of RM3 billion.
According to Railway Assets Corp (RAC) general manager Azhar Ahmad, the corporation is planning a mixed-used transit-oriented development (TOD) on the 5.26ha freehold land.
“We are looking at building two hotels, office towers, are tail mall and affordable houses ...
(File pix) The Abdullah Hukum LRT Station at KL Eco City is the first completed transit-oriented development by Railway Assets Corp in a joint venture with SP Setia Bhd.



https://www.nst.com.my/property/2019/01/451...EsgwS4c9kFOvRIA

It is those poor holding power that will drop price or end up in foreclosure.

Where is the site?

if holding power is ultra strong won't throw price like this.

TODAY

I thought rental drop should relate more towards demand and supply rather than weak/strong holding power. Those with strong holding power also can rent it at cheap price since it doesn't affect them either way.

This post has been edited by selinix: Jan 25 2019, 02:26 PM

7k monthly installment. In this bad market condition. Good luck lah

Unit sold at reserve price just now 1.5M++.
Single bidder.
Indeed not sure cheap or not in today market?

interesting. Based on your theory means all owners with "strong holding power" should keep throwing rental to find tenant at low price. Last I remember if a condo has owners with strong holding power they will hold the rental and can afford to keep vacant until right tenant with right rental is found.

ok only but level 57 and about 20++% bmw.

Is more interesting to see how you blanket your judgement of low rental rate on weak / strong holding power just because of what you "last remember"... seriously?

So according to your logic, if a development has all strong holding power owners, they should should be able to command whatever rental they like with no regards to market demand / condition? whereas as long as rental rate drops, it was because of the owner is weak in their holding which is why they choose to rent lower and lower..

This post has been edited by selinix: Jan 25 2019, 05:55 PM

This was what uuu/BBB advocated during property bull run.


This post has been edited by icemanfx: Jan 25 2019, 06:22 PM

Went to EcoCity mall last Saturday afternoon. The place is dead. Guessing 50 people in the whole mall, most of those at the five coffee shops. Jaya Grocer (whole of level 2 - big area) about 5 customers. Lots of fresh food going to be dumped - sad really.

Even once the new footbridge to The Gardens is open, I can't see a massive influx of customers - everything you need is at MV, why go further?

Management should give free parking to attract customers.