QUOTE(Nidz @ Feb 12 2014, 06:03 PM)
This is true. Future owners of Clio will have to rely on the proximity of this project with the IOI City Mall as the main attraction to rent or sell. Will govt servant rent here? Don't they have plenty of quarters and cheaper property in putrajaya?
In the end, Capital Appreciation will all fall back to demand. This is itself will depend in a few things.
- amenities (mall, access and facilities)
- the immediate neighbours / surroundings
- the community (which is slightly dependent on size - smaller units aren't able to cater for families)
- the environment of the township
This is currently reflected in Puteri Palma, where the community is quite colourful. Units are occupied by multiple nationalities, Japs, Koreans, other Asians as well as Westerners (actual owners and rentals alike).
There can be many reasons why they have chosen to be located there. While they may no longer purchaser (due to to 1mil threshold), rental is still a fair possibility (rental might look even more attractive now that they can no longer purchase) since most their living expenses (rental) are probably covered by the employing organisation one way or the other.
This new limitation on the minimum purchase price might actually be used to our advantage