QUOTE(BlueCelery @ Jun 29 2014, 11:11 AM)
hi bro & sis, newbies and looking around for property...any advise on condo or 2strey at ken rimba for invest?
Depends on your affordability - single or combined undertaking of bank loan.
Only Legian houses from phase 1 completed & available in secondary market. Understand from agents that current sales transacted around RM630k. My niece doing her S&P soon for house bought at RM620k. Next 9 months, interested purchasers expect to see steep increase before GST in April 2015 and the increase in demand for strategically located, modern and gated houses like ken rimba.
Phase 2 houses expected for handover after Jun' 15. Their average 30% price increase over their original prices will also impact greatly on the secondary market sale prices of Legian houses. I am expecting Legian houses to be sold above RM720k - RM740k easily.
Condo in Block C mostly taken up by middle aged couples and families. Units in Block B progressively taken up.
Current average selling prices per unit at different floors average RM500k. Ground works for the 3 blocks should start in 2015.
36 months to completion and handover in 2018. By then, condo unit could be priced around RM600k & rental around RM1,800 p.m. It might be more, with the complete development of shopping mall, amusement park, township next door in i-city which is across the federal highway, established lrt link in i-city to bandar untama, improved commuter train services in padang jawa to kl sentral, transportation hub, proposed abolish of toll collection along federal highway, hospitals, colleges & universities in central shah alam, subang jaya, kota damansara, etc.
The surrounding infra-struture from here to shah alam, petaling jaya, damansara - sprint highway, kl appeals to most people who commutes daily between home and college, work place and shopping.
My 25 year old niece has done her homework and sees the potential in this area mid-tern and long term
It is never too early when to start your plans to invest.