QUOTE(kochin @ Sep 22 2013, 10:40 PM)
It wasn't long ago that barriers of 400psf were the threshold.
Then it elevated to 500psf as the new threshold for affordability.
Fast forward to present, it would seems that with good location ala ekocheras or good concept ala ecosky, barrier of 650psf is not a problem to most.
Moving forward, can the market start absorbing 750psf products?
Time will tell.
Perhaps the next phase of ekocheras or ecosky would be priced in this range?
Boss, I also wanna share the same sentiment ...
3-4 years back, the medium end condo was only priced at about RM 200+ to RM 300+ psf ...
Now, I notice the medium end condo ( 3 bedrooms apartment ) already became common at RM 500 psf and certainly breached RM 600 psf in certain better location area and I am talking about sub-sales for more liquid and genuine demand plus transactions.
Sooner rather later, say next few months reaching 2014, it could be above RM 500 or up to RM 550 psf ...
I rate the triple "Greens" Eco Sky as an elite to be amongst of Fennel, another great structure facade building at mass market area of Sentul, abang adik with Jln Ipoh aka Taman Wahyu.
Have no idea of Eko Cheras whether the concept is capable at good location, but if there price is not high vs market prevailed price, it should be safe margin but I unable to rank it along with Eco Sky, Fennel ... Same goes to some people commented the likes of Setia Walk and Eco Sky is going to be a mirror of it, which is not.
In the other rank, Sunway South Quay is mini township with great condos along with Mont Kiara's versions as well as Desa Park City's versions and all these breached RM 700 psf, if we are talking about the common sizes of 800-900+ sq feet ( 2 bedrooms only ) and up to max 1300 sq feet .... where the upcoming similarity of smaller pockets sizes already rumours at RM 900-1000 psf .....
There is certainly I had seen and heard that, the new Gen people are all die die also looking for nicer and newer development, so I can't rule out medium end condo might breached RM 650 psf by 2017 ...
It is remain to be sceptically whether "Green" highrises is the future demand but I believe it is just a matter of time as it is quite limited Greens highrise to be completed at the town.