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

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straw
post May 12 2013, 08:31 PM

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Not just Ss2 area other area also. Ss15, Kota Damansara, Bdr Sunway Metro as what I heard, certain shop u can see change tenant within 2years. Tenant in and out. Agents most happy.

Some opt to rent half shop only due to high rent. Shop owner request up and high rental so that can sell the shop at high price.

Although high traffic, but decrease in buying power. New housing area have own commercial area.


This post has been edited by straw: May 12 2013, 08:47 PM
straw
post May 13 2013, 10:52 AM

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QUOTE(A.B.D. @ May 12 2013, 10:03 PM)
in SS2 landed houses can be cheaper than a new condo  doh.gif

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

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...
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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 ...
straw
post Jan 6 2014, 02:39 PM

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QUOTE(mlpk @ Jan 6 2014, 02:19 PM)
ss2 pontian wantan mee shop closed

both hsl shop closed (rumours say esh have bought both shop for 11 million. 5.5 mil each

ss2 professor shop shifted upstair and downstair open a new restoran crab factory by the owner daughter (professor shop owner) dunno how long it can last.

ss2 100 yen shop next to ambank closed down moving to kepong after 6 months shifting here n there

big mouth burger shop business not doing well. very little people eat there.

new porridge shop next to ss2 pelita also not doing well.

both british malaya coffee house next to kfc ss2 also closed shop already.

majority people say whoever open business will eventually closed shop due to high rental and hidden cost

majority of the ss2 food court already jackup price alot recently
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Wah u really know the place well. U open business there?
Properties price up ... rental also up.

 

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