QUOTE(Chris Chew @ Nov 3 2015, 04:18 PM)
Hmm IMO, the opening of the new road is the key issue to enhance the nighbourhood numbers, that is much more importance compare to LRT, I am a bit sketical about benefits of near LRT although KR2 seems to be one of the nearest walking distance to a LRT station.
Thats already contradict to another 720 units flow to current supply we are having in that area now. But this location is mass market area compare to higher end of KM 1 West, The Treez, or Twin Arkz where LRT may helps a bit.
A lot of taikors or senior investors are believing LRT is one of the main component to enhance the rental game. I agree but no longer believing bcz plenty of condos are near to LRT now.
In the meanwhile of current market, I dont think the market rental is increasing but remains stagnant, at most increase RM 100 per mth, unless justify by number of own stay pplz. In such market, I would see some fire sales or fire rental available. We saw it via ZR, I think it would be applicable to KR2 also.
Chris Chew Boss,Thats already contradict to another 720 units flow to current supply we are having in that area now. But this location is mass market area compare to higher end of KM 1 West, The Treez, or Twin Arkz where LRT may helps a bit.
A lot of taikors or senior investors are believing LRT is one of the main component to enhance the rental game. I agree but no longer believing bcz plenty of condos are near to LRT now.
In the meanwhile of current market, I dont think the market rental is increasing but remains stagnant, at most increase RM 100 per mth, unless justify by number of own stay pplz. In such market, I would see some fire sales or fire rental available. We saw it via ZR, I think it would be applicable to KR2 also.
It most probably due to stiff competition from too many supplies in the area where KR1, KR2, Bukit OUG, ZR and some existing condos.......
It takes time to fully absorb the market...........
Mind to name a few of condo which are walking distance to LRT do not doing well in rental?! (Except for this area)
Dec 6 2015, 09:50 PM

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