Pricing is abit steep-la. For lower price VPed sub-sale (RM350 to RM450 psf) Le Meridian/ Casa Subang/USJ1 Avenue/ USJ1 Park ect
The main tenant target are Segi college foreign students (big population of Africans) but you will be hard press as there r losta cheaper accomodation from double storey terraces (RM800 to RM1k), walk up apartments (RM700), mid-cost condos (RM1.3k to RM2k)
Let work the numbers : studio RM650 * 710 = RM461k meaning with maintainence breakeven point should be RM2.1k per month
3 bedder 1187 * 550 = RM653k break even RM2.8k.
I think the 3 bedder is doable if the LRT materialize and the shoppintg complex gets a quality anchor tenant (Jusco??)
Good news is that the project will be staggered over 7 years. Hopefully they pull off the commercial - besides Serdang area, what is Equine's track record for mix development?
Cannot compare with e-Tiara/ Empire Soho, USJ 1 is not as condusive so should command lower premium/ yeild
461k for a studio....wait y not i just buy a double storey house over the street in USJ2?