New developer , funny design & funny name.

My personal 2 Cent comment.
Nothing worth to predict , can tell the conclusion now directly.
600 per SF that you invest = you better trow the money into Sea.

How can the developer Grantee 6% ?
Based on my insider news , the property valuer in 2008 told the value maximum can only up to RM250 per SF with risk. But now 600 per SF so the developer think they are Sey Hoi Chan , Mah Sing or SP Setia?

Don't Dreaming that location is not strategy good location, Jam Like hell some more facing the bridge & next to hospital. The Feng shui sure not good. No office around , demand is low.... occupancy rate sure low.

There's one restaurant nearby also already bankrup.
If that restaurant not yet bankrup , even wrost with illegal parking anywhere during the wedding dinner, trust me you will having big problem to get access into the building during working hour due to primary school nearby and during weekend because many restaurant around.

SOHO in Shah Alam from developer such as SunSuria in Jelutong & SPSetia next to citi mall with bigger space 400-500 SF only RM500 per SF.

You think that small room can worth 400-500k next 2 years ?
We are not singapore , hong kong nor Shanghai . Klang got so many hotel , occupancy rate <50% per year.
BBT One , Crystal Crown , Prescott Hotel...............somemore there's so many budget hotel now a day.

So dont be Gong Kia borrow people money and believe will have > 6% ROI back to you.

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Added on March 30, 2012, 11:39 amYEah , you are right. Discount until 100k i also don't want invest property had such funny design & funny name.
BOSS....yeik

This post has been edited by interim: Mar 30 2012, 11:39 AM

Thanks for support.

Although this project now is in progress. Based on my insider news , most of the previous applicant was rejected by Bank due to instability of income from them.

Only one reason - Meaning most of those buyer are youngster who fresh graduate or lower level end worker who really though invest in this property can make them have 7% ROI

There's so many good project coming up in klang , why must invest this? I really can't find any solid reason in term value of appreciation.

Although it next to one of the main road but it doesn't mean anything.

Design = Wired
Name = Funny
Location = Lousy
Population = Low
Transportation =
Township around = Old
ROI = 7% Grantee ??? So What ? I can easily get this from Insurance company.
Management = New , still unknown how's the management

Hotel ? So many hotel already in klang.
Again , We are not singapore , hong kong nor Shanghai . Klang got so many hotel , occupancy rate <50% per year.
BBT One , Crystal Crown , Prescott Hotel...............somemore there's so many budget hotel now anywhere.
Hotel for made in china might turn out as result , let's see how.

As result , don't borrow money to people who you don't know them very well , it could end up with empty promises.

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Added on April 23, 2012, 4:42 pmRm300k - 400k if worth to invest , Annual income just above MYR5500 can get the bank approval easily.
But why ? How come until today still so many loan reject unit?

Personal 2 cent , high income buyer or experiences investor (rich businessman) not interested.


This post has been edited by interim: Apr 23 2012, 04:42 PM