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Investment Property/Rental at SS2 PJ is taking downward turn, (Property expensive but Rental Low)

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Glcotan
post Oct 14 2013, 05:44 PM


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3,333 posts

Joined: Mar 2011
QUOTE(mlpk @ Oct 14 2013, 04:59 PM)
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.
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like this a big challenging... with high property price somemore.. unless owner are those bought 10 years back.. those bought recently without knowing these stories will be tough

 

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