QUOTE(cybermaster98 @ Nov 11 2013, 08:40 AM)
Well I think that your point on Regalia being an expat haven is slightly flawed. Majority of the expats staying here are of the lower range or 2nd tier expats from mostly Asian countries. Surely not the kind that stay nearer to KLCC. The number of European expats are small and not as big a group as you claim.
The Sunway Mall when completed will not be on par with Pavilion, 1 Utama or Midvalley. The target crowd will be totally different and Sunway know this. Plus having Regalia on the fringes of the city at this price range doesn't make it a good buy. If investors can queue up overnight for YTL's Fennel, I don't see why Mayland still has 70 unsold units after all this while unless of course the positive factors you mentioned aren't that positive after all. Also you failed to mention that Regalia has not been given full VP yet. Its conditional VP has just been extended by DBKL for another 6 months effective October.
You also didn't mention that the hotel section of Regalia attracts a large number of 'weird' ppl especially on weekands which strongly suggest that 'other' activities are ongoing. Spend some time at the hotel lobby during the weekends and you will see what I mean.
The quality of the finishing and interior fit-outs are quite disappointing. There are many owners who are still in a major tussle with Mayland to get their units fixed despite already being months since they got their keys. There are also numerous complaints regarding the various payments imposed by Mayland which weren't actually spelt out during the signing of the docs.
Also, a lot of the sale/rent ad's in Propwall, etc have been there from late 2012 with no takers. Owners are finding it hard to offload their units. So many are opting to renovating and furnishing their units in the hopes of increasing their chances of selling.
I think your article is a good effort but is kinda misleading when certain important points have been omitted.
Really appreciate your constructive feedback. Will take this as an opportunity to further improve my judgement and analytical ability on real estate. Thanks!
I have amended my article accordingly and included the key points you have mentioned which shouldn't be omitted.
Two points of focus:
1. I didn't want to include the negative remark about the hotel and like you said, "weird people" because I felt it was just temporary. I have seen many negative reviews about Regalia Residence on my favorite website Trip Advisor, and I reason it is more to do with inexperience staff venturing into a new field. Don't think it will affect potential investors's investment in the long term. Also, don't want to bad name the hotel eh. Hope they get that sorted out for the residence's sake.
2. Regarding the many sellers on Propwall, yes I agree. Again this has much to do with understanding the economics of the market. For some reason I don't really know (Could you explain?), there seem to be a huge surplus of sellers, and this swelled the market of supply vs the natural demand. Probably it in effect also pushed the selling price down. Why does so many people want to get rid of their property here? Are they flippers or is it really a bad buy for them? Clarification would be hugely appreciated!
Will credit your name into the article for your help
This post has been edited by JordanTan: Nov 11 2013, 06:48 PM 
Oct 29 2013, 11:31 PM
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