Apr 17 2019, 10:31 AM
QUOTE(Bjorn1688 @ Apr 17 2019, 02:19 AM)
Does anyone know why this condo has so low occupancy rates? Been around this area last few days thinking of putting money into 2 Glomac projects and noticed this one, impressive facade but hardly see any activity going on?
Any particular reasons there are plenty of subsale on offer but hardly any transacted?
Thought being a TTDI address and probably one of the nearest walking distance of any condo to the mrt station that this one would be hot cakes.
Wonder if this is an actual real world indicator that there are misplaced optimism in properties near MRT stations?
Your guess is as good as mine. I also noticed very little activity with this condo whenever I pass by there towards the bakery cum cafe at TTDI or heading towards 1U or IKEA Damansara.Any particular reasons there are plenty of subsale on offer but hardly any transacted?
Thought being a TTDI address and probably one of the nearest walking distance of any condo to the mrt station that this one would be hot cakes.
Wonder if this is an actual real world indicator that there are misplaced optimism in properties near MRT stations?
I remember 2 years back when this project was nearing completion, I went to its sales gallery to take a look at it. By then, almost all of the units are sold out, save for a handful 2 or 3 floors above the facilities and 1 or 2 scattered units on the higher floor. By then the developer was already promoting TTDI Segaris.
Thought that expats, or wealthier tenants, would rent there, given how close it is to the MRT entrance. And those who bought for own-stay might be those who take the public transport, unless they don't?
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