QUOTE(vibey @ Sep 4 2016, 11:07 PM)
Exsim projects are mostly aimed at luxury lifestyle living yet at a relatively affordable price and if you put Nidoz in Mount Kiara today it would cost at least 1.5mil (compared to 800k+- with it being located in Desa Petaling) to 2 mil upwards, given the ample, (more 30+) yet first class facilities that is given.
Given the confirmed DUKE 3 highway to be completed in 2020 , 3 minutes drive to the confirmed mrt2 Kuchai station to be ready in 2022, upcoming Bandar Malaysia and HSR scheduled for 2027, I would not be surprised if the value of the Nidoz to at least double or close to double by 2030, reach 1.5 to RM2mil.
10,000 population that can afford lifestyle living in Desa Petaling
Isn't that the same factor that transform areas like Mont Kiara, Bangsar South etc ?
Fyi kuchai lama has a population of 300,000
That's why it's vibrant,
10,000 population is like a village ...
Looking back to historical of Desa Petaling. Let's take Vantage point condo in desa petaling as a reference point. The condo was launched in 1995 around 130k and completed in 1998/99. This condo has 21 year old since launched date. Today, price shoot up to RM 320k to RM350k with big helped of property up-cycle in 2010/2011. Bear in mind that if without the up-cycle, the price remain around 200k to 250k respectively.
Note: If you put 130k in to bank deposit by earning compound interest by 3.25% up to 21 yrs and total today is 254.47. If compound interest by 4.75 will be same as today price RM344K approximately.
Nidoz was 1st launched at March/April selling around 580k to 600k and relaunched on last weekend selling 600k onward. The take up rate around 65% despite claimed if located in Mont Kiara. I think better not compare like that as the location has huge differences. No one will know what's the future price will be for Nidoz. But to shoot up 1.5mil to 2mil for another 15 year is too optimistic.
Note: Same compound interest formula 4.75% (added another up-cycle) applied to Nidoz until 2030 or 15 yrs and total is RM1.2mil.