with due respect to all investors of 288 residency -- isnt this setapak and its surrounding areas of this condo a bit salah??? And you guys are investing so much in setapak? Two days ago, my fren told me he bought a unit there. I asked him his target tenant, and he told me he intend to rent to students. And guess wat..... i nearly fainted ......... that proves that he never thought much before his purchase. Frankly i think he is a bit silly to park his $$ in 288. There are so many safer areas to invest in

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

This post has been edited by innocuous76: Mar 17 2011, 12:27 PM

My Fren .......... it is the truth la ....... if you know any rich people .... just go ask them ....... even the rich malay people know that ....... even the rich malay people wont buy in malay area .........

BUT again there is one place in Klang Valley that defies this law " TAMAN TUN"

Taman Tun is one place quite high populated by Malay but yet the price of properties here keeps on going up. This is an anomaly becos in all other places which are more malay populated, prices of properties at those place do not have much appreciation value.

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Added on March 17, 2011, 10:39 pmhey people, please dun be so cruel la with your words .......

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Added on March 17, 2011, 10:43 pmno point arguing with you...........wait till elections which is just around the corner, you please make sure you open your eyes big big to see if wangsa maju and setapak is a chinese or malay area .......... the election committee will reveal the percentage of race for each location ........sigh



This post has been edited by innocuous76: Mar 17 2011, 10:43 PM