Yes your are right winterad99. Only expats or bod corporates will pay that kind of rental money.... but frankly is setapak an area you find expats?
Historically Setapak is a student mecca. Furthermore, even if a person is willing to pay 2.5k per month for rental, there are many other more 'glamourous' options to choose from eg condo in PJ, Damansara and etc. Will you for example pay 2.5k for wangsa maju or cheras? Just ask yourself this same question. Of course not .......unless u work around setapak or gombak area.

And also no prejudice, setapak and wangsa maju area has always been student or malay populated area. When these happens, normally the
appreciation level will be lower... Malay area = no appreciation. The only exception in the whole klang valley is Taman Tun..........

Wat KH 6886 is correct.... each dollar that we earn now will be worth less and less from now on as inflation steps in. I forsee, inflation will increase further, no matter wat the government actions are ........ this is reality ....... food will definitely cost more in the future...... property will definitely cost more in the future ......... everything will go up and up.....

So If you guys are buying for own stay, you can go ahead to buy anywhere u like ...... so for those who bought 288 for OWN STAY, then there is nothing wrong with it....

But if u are buying to flip or buying now to stay and Hoping to sell with capital appreciation, think again.......... this area is not where the rich playing ground is .........if you are buying for rental income, this is not a place to consider either .........

every one in this blog should know that PJ, Damansara, Bangsar, Subang, MK always command higher rental premium. The perception is this ......... most people staying in these areas seem to feel that they are richer or more high class than those stayin in cheras, setapak, jalan ipoh etc..... eventhough they earn the same amount of income.......

That why, even places like sentul (again no prejudice ya ..... sentul is known to be indian community populated previously). When this happens, chinese buyers dun like it........ not that we are prejudice, but this is a fact ok....... this is how investors think...... YTL kinda slow down abit......... becos it really takes time for peoples perception or mind set to change...........and of course YTL is also channeling their funds to YES and other fasdter profit yileding project .......... the Sentul project is still stagnated due to inavailability of access roads......... etcwelll i am not saying the YTL Sentul area is a bad area to invest but i guess probably it takes another 6-10 years before peoples mind set can be changed to accept that area even though it is located in the central cbd.

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Added on March 17, 2011, 12:27 pmOh one more thing .......... never ever be carried away with those low entry home owning scheme offered by developers.........

Be firm! If you are buying for own use, no problem ........ go ahead but buy somewhere near your work place ceteris paribus or near public transportation etc lrt. mrt.

But when u buy for rental or capital appreciation, think who you plan to rent it to............ please dun buy wat your like or buy base on your emotions .......... wat u like may not be the same as wat your tenant likes ........... instead buy wat your potential tenants like but also make sure your target tenant can pay the kind of rental to cover your loan amount + maintenance fee + etc etc ....
cheers and good luck

cheap cheap kasi jual maleee LOL

WANGSA MAJU / SETAPAK IS CHINESE AREA!! Really pissed off WTF!

(1) I don’t think you familiar with Setapak
(2) You have not indulgent to find the hidden gem, basically you follows market trend and general belief.

ok..give you 20k discount...shui boh?

kh, why so urgently nak sell (after the post to the topic on bubble burst???      ). BTW, does all forumer share the same "special" discount from you ^^

wat 2 do...... setapak and wangsa maju is so hidden low profile...

those subang, MK, dsara, PJ are well known gems of coz la

we all dumb dumb wanna dump interest in this kinda low class place

LOL

tats for me nia 

if for everyone then i demand for RM30k discount