Alot of vacant shop at PJ SS2 area. even business over 10 year above are closing down recently

eg
HSL circuit (bad debt),
Corner Lot Hong Leong bank,
Swenson (not renewing contract),
Italian Cuisaine Shop,
TransMobile/VCD Shop along savemart,
Duck Shop
Corner Coffee Bean Shop
Foot massage shop next to Pelita shop (Now DAP outlet)
Corner lot stimboat behind public bank change to bak kut teh recently
Yippee cup (Now Big Joe)
Seafood shop
Dfish restaurant etc,

Even have heard the professor outlet (shop selling school item) thought of dont want to do business instead of renting his shop by portion. the front portion rm8k middle portion rm 3-4k with opening at the side lane and back portion 3k also opening at the side. another miser and want tenant which is long serving rather than short one and dont want agent to earn commision oftenly. alot of business owner say what business can do by open door at the side lane except vice activities. selling item at back/side lanes must be a joke. alot of people say keep it better for yrself. That row of shop rental more expensive he say

In-coming a few more outlet (sweetheart/bubble tea outlet) will be closing as well bcos have sign contract but business bad and rental kills the business.  Others will be the teo chew bak kut teh, hardware shop along macd, foot massage center, bubble teas around ss2, even chat time  and other electrical shops along murni areas, seafood outlet behind previous corner hong leong bank, fook seng corner restaurant and some pharmacies were not looking too good.

Many people do gossip say give it another year or so will definately close down by then.

There is a shop selling fish head noodle, change to sell dim sum, chicken rice, bak kut teh, moving the stove in and out changing feng shui also no good. nobody makan, in time to come also closed. maintain the business bcos of contract. dont know what he want to sell later. like that do business sooner or later will ta pau

Alot of new business owners have alot of $$ to spent and lose, open/closed different type of business, but dont sustain long. even over 10 years business also closed

For Info Pelita shop Rental is up to Rm30k each month in negotiation with the owner, Vcd/mobile shop rm12k, Coffee Bean Corner shop RM17k. already few years vacant (plenty of $$) already loss few hundred thousand for no renting out cheap (stubborn/ greedy rather keep it vacant for almost 5 years)

As Survey if Rental increase alot the business will closed down eventually. even though if 5-10 years time down the road, rental wont increase, after 10 year definately will increase, what type of business can cater the for rental in time to come.

Any business owner whether in shopping complex or other area, if in time to come, if the rental increase can yr business cope with it?. majority of the profit will goes to the rental owners right

For investment wise if recently buyer buy few million shop but rental low and low occupancy is a bad investment. its is only good for owners who bought long b4 the price when up. even low rental is can sustain. some have few units just collecting rents

Property agent is so happy bcos old occupancy leaving and new one coming in and  earning 1 month commision for rental for the agent. for owner is not happy losing 1 months on and off for business open /closed etc bcos 1 month rental is alot

Reconsider of buyer expensive property bcos its very difficult to rent out or sustain long.

Before a business is open need alot of $$ to renovate/rental/ deposit/overhead workers/time etc, how long do the business need to sustain in order to see profit before the rental increase again

Funny thing is for even 10 years above, alot business outlet is closing down recently. new one dont know how long it can last

if a property does not rent, indirectly is losing $$ whether more /less $$. just see how long the property can rent out and loss how much $$. Waiting for durian to drop/ fishing/ miracle

For well known Area like SS2 area, business is dropping alot and shop vacant alot do u think other further away area will be better off in time to come. Dont think so right

In order to kill a business is the rental. Increase the rental, then the business will be affected. even if yr business move to other places, will the customer follow the business, no right.

SS2 is famous for buying handphone bcos is cheap(wont get any area selling handphone within PJ distance) and food court/wet market/electrical shop/alot of banks around / murni/ big joe etc there.

Even house property rental also dont fetch price at the area. buying almost a million property renting RM1800++ for the whole house 24 * 80. for staying only not commercial.

As for the house facing the main road say can do business at yr own risk and property can sell more expensive. Seldom see people going in to the house and only often see mbpj going to saman them for doing business. plenty of $$ to spent and lose. wasting time

do u guys think property can go further is the rental dont fetch price? business dont make $$ to cater the high rental.

If go see amoi oni then is not rich.

But if go makan dinner with amoi then is ...RICH!

hope it can sustain. few ss2 double storey 24 x 80 terrace renting for rm1.8k have been few months vacant no takers with many agents still advertising(alot of prop agent are bullshiting around saying have ready tenant etc. when have property to rent , agent will say difficult and have alot of excuses here n there and when dont have will say have ready tenant. boosting around)

Never believe in them. better do it on our own and save 1 month rental.

Not an expat area can the rental go higher or fetch price. Even sharing the rental among few sub tenant is difficult. collection part will be the problem for the head tenant monthly right. not furnish some more. touchup wear n tear parts etc. alot of hidden cost invovled

property renting is still low in this area.

As heard from few existing owners of the double storey house, water leaking from roof  and replace of the whole roof tiles of the house need at least rm40k++. Renovate or fix wear n tear will be costly for a old house/shop. so if buying a house almost a million and renting rm1.8k (difficult to rent out ) and if for own stay need to renovate the 40++ year old house, few hundred thousand ringgit need to fork in to tear the place down and build and renovate it. is it worth it?

The question is if for investing purpose the rental is out. will property go up ask yrself. if rental dont fetch price will property go up.

wondering just see how long it can rent out or last (hidden inflation cost is getting higher, and see it can be sustain. its not going in tandem. loop sided ways will break off sooner or later not balance)

its like investing in share market, margin account buying shares qty with borrow $$. instead of property nor shares buying ahead with incurred hidden interest waiting for it to go up else will eat in to it by the interest. Property run or share market Bull run.

eg.
invest in property rm500k will go up in future but limited and tedious to sell and takes long time and tedious process to get $$. alot of hidden cost/maintenance/tax/fees etc alot of parties involved. min 6 months

invest in share market rm500k buying blue chip eg genting (bull run coming nobody knows) paper gain/loss with dividen/bonus/split issue etc.  3 days can get $$ after selling

just different scenerio of investing

in SS2 landed houses can be cheaper than a new condo 

purchasing power not great, that's why econsave come in...it's a sign of the income level around here... 

i cannot verify but i think there's a profile transformation in SS2, more and more of the original english speaking locals have moved to other places/migrated and replaced by more chinese speaking from smaller towns...

I thought mostly landed in ss2 or section 17 owner rent the hse to students or working ppls ... if for own stay, most will renovate the hse ...

Vice activities is the best for SS2 now. HAHA.

Normal weekdays crowds are limited to working persons. Midvalley still doing good during weekdays.

Low cost carriers like air Asia always send millions of people out from country throughout the year. They should help to send people in to our country by offering millions of free seats, this would help

try increase rental n see yr tenant run away or not. will give excuse their new condo/house is ready to move in already will give u notice in advance.

another headache finding good tenant and alot of hidden incurred.

ss2 big joe outlet boss is delaying not paying their staff gaji, pending n alot of staff have to gadai their h/p to get cash. will sooner or later close shop. food dirty n not tasty

korean outlet next to big joe n chinese steamboat shop a few shop from digi shop will sooner or later closed shop. nobody at all

ss2 dfish outlet n teo chew bak kut teh shop already close shop.

previously ss2 big duck shop already vacant long time nobody want to rent

previously ss2 swenson now replace by ipoh big tree noodle also will closed sooner or later bcos their food were bad.

ss2 professor shop from ground shift to 1st floor whereby ground floor is vacant for rent.

hsl outlet is waiting to closed shop. time not up yet

pontian noodle shop looks like want to closed. nobody daily
previously transmobile/vcd shop now renovating want to do cafe n restoran.
previously corner ss2 hong leong bank now renovating for nandos chicken. more expensive than kfc. daily kfc also like no business already

can all this shop survive the rental of rm20k monthly with this kind of business. wasting time

The only business there can sustain is murni. business is damm good daily. cheap, tasty and big portion. beside other business like bank, 711, starbuck, macd, poh kong etc.

others all waiting to close cannot last long sooner or later. unless the business owners own the shop there.