Nov 20 2019, 01:45 PM
QUOTE(Proxxymax @ Oct 22 2019, 11:53 PM)
If you think TRX Residences at MYR2,200 psf is expensive, let's look at our ASEAN neighbors.
According to Asian Correspondent citing Knight Frank, Singapore prime housing for 2018 rose 9.1% to USD2,533 psf or MYR10,638; Jakarta USD393 or MYR1,651 psf; Bangkok USD1,008 or MYR4,236 psf; Manila USD511 or MYR2,147. This is only slightly above Manila, followed by Jakarta. I believed we can generally agree that in terms of infrastructure, education level, political and societal stability, Malaysia does ranked better than these 2 neighbors. The upside if we just compare to Bangkok, we are almost half of Bangkok, and one fifth of Singapore only! Is MYR2,200 really that expensive now? When you buy a property, don't you want future gain too? KL properties still have so much room to grow, and we haven't even compare to Ho Chih Minh yet!
Given the rare freehold title in KL, locale of a financial center that can accommodate 22,000 financial workers (i.e. high rental opportunity), direct accessibility of 2 MRT interchanges (SBK & SSP lines, so far the only station where 2 different lines interchange), direct link to SMART Tunnel, 10 acres of open field which can turn into exhibition and concert arena, 3 departmental stores, cineplexes, KLCC and Selangor Golf Club views, short distance to shopping malls of KLCC and Pavilion, modern hospitals of Prince Court and Gleneagles, Jalan Ampang Embassy Row, international schools, Italian designed kitchen cabinets (and island for 2-room units) among others, is MYR2,200 really that expensive?
But I think you did not put in the fact that malaysia population in South Asia consider very low. Thailand, Philippine, Vietnam and etc the population mostly double the size than Malaysia and the population density in city also much higher.According to Asian Correspondent citing Knight Frank, Singapore prime housing for 2018 rose 9.1% to USD2,533 psf or MYR10,638; Jakarta USD393 or MYR1,651 psf; Bangkok USD1,008 or MYR4,236 psf; Manila USD511 or MYR2,147. This is only slightly above Manila, followed by Jakarta. I believed we can generally agree that in terms of infrastructure, education level, political and societal stability, Malaysia does ranked better than these 2 neighbors. The upside if we just compare to Bangkok, we are almost half of Bangkok, and one fifth of Singapore only! Is MYR2,200 really that expensive now? When you buy a property, don't you want future gain too? KL properties still have so much room to grow, and we haven't even compare to Ho Chih Minh yet!
Given the rare freehold title in KL, locale of a financial center that can accommodate 22,000 financial workers (i.e. high rental opportunity), direct accessibility of 2 MRT interchanges (SBK & SSP lines, so far the only station where 2 different lines interchange), direct link to SMART Tunnel, 10 acres of open field which can turn into exhibition and concert arena, 3 departmental stores, cineplexes, KLCC and Selangor Golf Club views, short distance to shopping malls of KLCC and Pavilion, modern hospitals of Prince Court and Gleneagles, Jalan Ampang Embassy Row, international schools, Italian designed kitchen cabinets (and island for 2-room units) among others, is MYR2,200 really that expensive?
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