Therefore, don't condemn when u are not familiar....
Along Jalan Kiara, there is a lack of supply of 1 bedroom units (at least for now, before Arcoris & Kiara 163 complete)
And u bet, I get to choose my specific tenants in less than 2 wk, with my demanded rental some more. And it's Jap tenant, which most investor will agree they are the best tenant group....
My conclusion is simple, everywhere there is a hidden gem, good or bad don't judge by the surface or minimal knowledge.

Is this sustainable?


With 100 million sq ft, Greater Kuala Lumpur now has Southeast Asia's largest office space stock (accumulative)
The StarBiz | Friday March 22, 2013



It has surpassed 100 million sq ft in Klang Valley but situation remains manageable

KUALA LUMPUR: The supply of office space in the Klang Valley has surpassed 100 million sq ft, making it the largest stock among the neighbouring South-East Asian metropolitan centres, according to property consultants at Jones Lang Wootton (JLW). Senior vice-president and head of research David Jarnell said the situation remained manageable where supply of office property was concerned but that there could be consolidation of rental levels for the rest of the year.

Jarnell said that in South-East Asia, greater Bangkok had the second-highest office stock, totalling 87.85 million sq ft, followed by the Special Capital Region of Jakarta with 65.66 million sq ft. Singapore, meanwhile, had an office stock slightly less than Jakarta at 64.01 million sq ft.

JLW executive director Malathi Thevendran said the (KL) annual supply delivered into the market in 2012 was the second largest (since the turn of the millennium) after 2009. A total of 6.74 million sq ft came into the market last year compared with 7.26 million sq ft in 2009.

Jarnell said the recent trend of strong supply growth came about as a result of the strong and sustainable economic expansion, a growing services sector, good demand for corporate office space and wider-reaching infrastructure and public transportation.

Over the next three years, the Klang Valley development pipeline would comprise a substantial 18 million sq ft of office space.

Read More >>> http://biz.thestar.com.my/news/story.asp?f...48&sec=business

Moral of the story. Lawyers must tell the truth.

Or LLB? Lawyers lie better?

Any thoughts on Tropicana Heights, Kajang by Dijaya?

Landed is ok... but I think they are not finalised yet.

ahahahahahah this is really a good one !

Any comment or opinion about his new baby @665psf ?

Wow suddenly so happening!!!

Actually it's great to c ppl accepting current price especially some who can provide tonnes of data to support market down. Bravo.

But if 410k is not expensive, then is 665psf expensive???

Tats a gd one.

Bro,
if u apply RM665 psf to your existing properties, you make lot of money

Indeed very true.

Don't scold me, please!
We're in the middle of discussing the current support level @665psf, let's discuss

I'm still calculating mine

Maybe yes maybe no.

Those who bot arcadia soho at bout 700-800psf call it a bargain. Those units which r not open for sale yet ll cost bout +-900psf later on, hav lotsa loyal fansi in long queue for too lil units to choose fr.

But if 665psf in rawang, maybe can consider expensive. But again if klcc, then it does happen in dream or history.

This post has been edited by ManutdGiggs: Mar 24 2013, 01:13 AM

Well, I know my strength. And I consider myself in a fortunate position.

Why, because I already live in a home where it is already paid off. Any mortgage I owe now is for investment props.

Even then I calculated I could not sustain any prices above 500k.

Vast majority of speculators, well, how many actually earns at least 10k household terms.

In fact, many of the five figure household income also struggle due to high inflation cost and car and housing loan costs.

So with the bbb trend going on, how many are buying buying to flip immediately after construction and relying on dibs shield? Are there enough buyers in the sub sale market?

I buying to rent it out, not flip.

Mr Zuiko, in the first place why should anyone trust some strangers comments in a forum blindly?

Is anyone proclaiming a gospel truth here? Or do you think your people is proclaiming the absolute truth and the prices will NEVER correct like so religious nut ?

Did I join a brotherhood of monks that I must swear not to do anything? Since when do I need approval or trust of anyone in order to voice my opinion really, like you? I don't care what you think nor do I care what they think of me.

Everyone buys or not buy for their own reasons. I buy doesn't mean I think that the prop market is not unsustainable.

I buy because I think I could stand the risk at the long, long term.

But I still think that most prop market is too high and unsustainable and due for correction, steeply in some areas.

Already my rental yield for this prop is less than 6%, the yield is not attractive really, but I buy it because I like the building and area and intend to hold it at the long term.

I still bet that it is not easy to rent mont kiara props as compared to props in subang.

Otherwise, there wouldn't be darkness in many units of condos there like I observed.

The developers have overbuilt and priced the props there too high to absorb all the expat demand like you mentioned.

Mont kiara is still overpriced.

That's why I won't touch office props with a barge pole.

LLB are undergrad. And no I did not lie.

I never said I wouldn't invest when opportunity comes. Neither did joe blows and others in the down camp.

And I did not buy anything above 500k like i said.

Tell me, are you so mired in dibs development that anyone else that contradict your worldview that props in Malaysia is so cheap and foreigners lining up to snap up e dry available unit will bring about depression because you can't sleep at night due to your worries?