QUOTE(gks @ Sep 9 2015, 11:20 AM)
Two arguements here... First is the demographic and support of upgraders from surrouding area. SA has support from places like Klang, Meru etc as upgraders for well-planned township with amenities and modern design houses.
Second is Setia Alam houses starts from low base... The first few phases landed launches was below RM300K and going up during the 5/95 heyday and property market booming. This has encouraged people to move in to achieve the population mass of scale.
where else for Cyberjaya, the landed prices start from RM700k (For Garden Residence link houses) where it render Cyberjaya unaffordable to most of the mass market. Currently even the cheapest landed like Laman View is approximately RM600k and apparetntly from forum feedback, it is selling well.
i think Cyberjaya and Setia Alam is not the the direct comparison where both are serving different market. Even if you look at Setia Alam now, they are focus on selling affordable apartment because they realize it is no longer easy to sell those RM1m landed property anymore. There are thousand and thousands of sub RM300k hitting Setia Alam in next 2-3years. Do you think it is not going to be oversupply in Setia Alam as well for the affordable segment?
the earliest links in setia alam started from 180k. 5 storey apartments even cheaper.....like 70k only.
links at Garden residence started from high 500k...something like 580.
Its according to SA plan to launch apartments now as the landed project in the left side of SA is fully sold. They did launch limited landed on right hand side and it was fully sold. Remember people queuing for one week early this year to grab units? Price from 800k per landed unit.
there could be over supply of 12 storey apartments as setia built like 6000units in one go. But these are around 300k units in subsale....easy to hold or digest......not too worried.
I cant comment on cyber......don't know enuf to comment.