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Investment EKOCHERAS @ JALAN CHERAS (Ver 3) [MRT PROPERTY], Where Cheras becomes Mont'Jiulai

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ivanpei
post Nov 18 2014, 08:32 AM

On my way
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Senior Member
639 posts

Joined: Jul 2006
QUOTE(gedebe @ Nov 8 2014, 07:06 PM)
http://www.thestar.com.my/Business/Busines...tor/?style=biz:

Foo says investors and speculators are buying, or have bought, residential properties that genuine homemakers do not want (because they are either poorly located or are too small.) Foo draws attention to the small office, home office market and its variances.

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I think soho, sovo, sofo, soxo, studios and 1 bedders will be oversupplied in Klang Valley. There are simply too many units coming into the market. These are easy to sell to investors because of the small entry price. There are only that many rich expats and students. Most regular workers and students rent a room in a 3 bedder to minimise rent. Even worse, some share rooms. Studios are a luxury and that is something most Malaysians cannot afford. But these devs are selling 3 bedders that are so expensive and so much above subsale price. Klang Valley general suburb price is about 5-600 psf for subsale condos but devs are charging minimum 800 psf and up. Most upper middle income people cannot afford lar, what say middle income earners.

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