Agree my MGG Gor comment. I still doubt KV capability to match other countries capital like Singapore, Jakarta, etc not to mention Shanghai, Beijing, Taipei, Tokyo, so on.
However, I tend to support and believe that KV is improving since the LRt, MRT and KTM plan had been proposed and it can bring the city to another greater level.
In years to come, I still believe, Malaysians will continue to pursue their property within prime area of Damansara, PJ, Puchong, Bkt Jalil, Subang and etc. Not all Malaysians have such culture of willing to save hefty cost to drive 40-50 km to KL for their job until the conpletion if our new LRT line.
Could they purchase location like Klang further, Shah Alam further, Rawang further or Nilai just to save housing loan installment. I could believe that they rather rent nearer place to work than staying so far, of course not all, sure they are some willing to travel.
For KR2, I sense today's pricing, albeit LH, entering at RM 420-450 psf is still approachable. With freebies and DIBS, I rank it is about quite fair price at RM 400-420 psf. Located at one of the best location, with KL address, to get 30% appreciation is possible.
IMHO, the KR2 should completed by July 2015 and handover by end of 2015. So in 3 1/2 years time, it is potential to get at least 25% appreciation or as at RM 520 psf.
Most of all, I still unable to predict too much. Just my forecast since I vested into it. 2009-2012 was a great period for property market, it appreciated at least 50% for such location of Bkt Jalil. However I don't see 2012-2015 would be another legend of 50-70% appreciation, I don't know it but I do pray it.
As Covillea and Savanna, both FH selling at RM 500 psf today, if KR2 really can offers a wow, wuu, whoah like TZ upon VP, I don't see why it can't reach RM 550 psf or beyond Covillea and Savanna pricing as at end of 2015.
Like MGG Gor said, it also rely for the future development and surrounding commercial area. The location of KR2 itself, no doubt I would say very good. But the presence of KR2 itself is another biggest factor where it's concept and building quality is widely regarded and needed. It is untested as the building is yet to build.
For 30% appreciation, I vested my units at RM 425 psf, means I need to sell at RM 550 psf or RM 800k. If the market is continue like BBB, RM 550 psf is highly doable, can even close to RM 600 psf. Even Kinrara starts promoting the new launches close to RM 500 psf and above it by this year end. As for today, I targetted it as at 25% appreciation.
On and off, I would say KR2 has the best winning appeal in terms of rental value in future. A 1,457 sq ft condo ( with KR2 features) fetching ard 3k now. By 2016, RM 3,700 to RM 3,800 is possible, though I am not saying guarantee.
For me, this one for rental play more than flipping.. with LRT just walking distance, this place can hold for long term, as long as lease still more than 80 years, till 1 point have to let when new opportunity arrive..
rental play for new props nowadays i foresee will be tough and even tougher for those condo/apartment that doesnt standout with added value.. (eg. Condos/apartment selling at high prices with no amenities and convinience, properties with no fundamental).. Strategy for now is getting something with additional values like LRT, location with convinience in access, security and amenities.
Since KR2 will be completed in 3 years time, we will still see property around this region to appreciate with price pulling from City of Green, New Condos in BK, condos from OKR and maybe from distance away puchong (IOI skyz and skypod) which are likely =>500psft.
Rental wise, Savannah will be the benchmark now in BJ.. bare unit not more that RM2000 permonth. Soon we will know from Covillea.. Inflation will play apart in raising the rental. I dont expect much +cashflow, maybe break even if the rental goes RM2200 permonth with partial or fully furnish. KR2 only need minor touch up to get it fully furnish. This KR2 is more for long term, maybe up till 2020 and beyond when property is too expensive to buy and renting is a better option for other ppl who wants to like near to suburbs. +point is LRT when price of commodities raises in future..
Apr 15 2012, 02:24 PM
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is it the one with private garden?
) wanna start with neighbor list? 
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