QUOTE(Tan&tan @ May 19 2018, 02:05 PM)
Hear say transaction very slow for this r22 . Saw at iproperty 500 plus for rent ... how to compete . Hahaha
Most of the advertisements are actually of the same units being published by various agents at the same time. (Hence, 500 plus) Competing for business However, currently less than 60 actual units are ready for rent as some units are undergoing renovations, as VP for Block B was recently given, with some still in the process.
The larger units of 2,973 sq ft and those more than 3,000 sq ft are mostly for own-stay, totaling almost 150 of these units. Only a handful of these larger units are for rent or sale. The smallest units of 1,878 sq ft, and the other smaller units of 2,020 and 2,243 sq ft are the most popular in the rental market. More units will surely come into the rental market in the near future but would peak around 150- 180 units. Given the higher demand with some expatriates moving in upon VP in the rental market, way before the locals which are still in the process of renovating their units, there should be quite a sizeable demand in both the rental market and those for own-stay.
Given the affordable rent of between RM6.5k to RM10k (US$1.6k to US$2.5k) per month for a smaller fully furnished unit and rent of only RM11k to RM15k (US$2.75k to US$3.75k) per month for the larger units, this would be a steal for most expatriates and professional Malaysians.
But we would know the real picture in about 12 to 20 weeks’ time, when the majority of the renovations are completed for Block A and the handover is completed for Block B. And more renter and owners move into R22.
May 22 2018, 11:26 AM

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