QUOTE(pilotHans @ Feb 2 2015, 09:42 PM)
was exactly on my mind.....a lot! ...people with good holding power would not mind holding a unit for years without tenants just like some *ehem units there in MKĀ
on another note are the target tenants from TRX ?

Ā both completing on the same period of time? but how many peeps in TRX can afford a 5k small condoĀ
the sales agent, tried to sell the idea that foreigners can only buy 1mill properties hence M City would be a good hit..problem is id have to compete with 1200++ + a few more K units nextdoor.....

Lol NEVER depend on foreigners buying ur leftover/lousy products. not all foreign investors are ill informed (only a few who bought lousy products like Tribeca Imbi

)
On ur first point, why do u wanna hold on to this M city thats almost 1000 psf? Do u think there's room to grow? im willing to bet 1k that real prices (adjusted for inflation) here will be less than today's selling prices when it VPs. How much higher can it go? KLCC pricing also 1300 only.. This area shld always be 30-40% cheaper than KLCC.
Why would TRX ppl stay here?? Velocity 3k rental also will have to suffer for a few yrs n u wanna wait 5yrs or more for TRX to be complete n charge 5k for a high densed area that doesnt have any public transport?
I still think this area will see serious price correction if there's a crisis etc. This one suitable fr ownstay if can nego the price down la

but definitely not a duplex small apartment.
This post has been edited by Babizz: Feb 3 2015, 12:23 PM