QUOTE(Babizz @ Sep 12 2015, 08:52 AM)
I've nvr seen any apartment in Shah Alam having this bad occupancy n take up rate post VP.. Jus shows that the location is bad n pipu dun wana stay in condo beside sri muda at this kinda pricing..
No upcoming/future USP here.. prices have already come down here n can expect more as investor's holding power wanes out..
3 bedroom asking rental 1.7k only for unfurnished..
Don't agree.
Been there several times (i mean inside the building and units) over the last 6 months and the occupancy is slowly picking up.
Spoke to a nice elderly couple who is staying there and this is their retirement home.
According to them, people are starting to move in but at a slow rate.
During long wekends, there are some families who come and stay to use the swimming pool and facilities.
The pool can get quite crowded especially during school holidays.
Yes, the occupancy rate is still low but is picking up.
Also note that VP was handed out in late Feb. but most owners only took their keys in late March or early April due to some delay from the banks to release the final sum.
Investors are slowly letting go their units and it takes about 3 to 4 months before the purchaser can get hold of the keys. Then another month of two before moving in.
Overall it is doing quite well.
Not at a high pace but more on a slow and steady pace.
Location is not that bad and the perception of Sri Muda has improved.
I've colleagues who stay there for many years and they are fine with it except for the flooding. Which is also rare nowdays but it can still happen.
Btw, there are no unfurnished units.
Only semi furnished or fully furnished.