You are very kind, not in interest at this projects but keeping purchasers updated in various channel.
It's not a matter of reliable developer or not, is a matter of what is the target group if you wan to rent out?
I agreed one forumer quote like this " if affordable people won't pay RM2-3k to renting a unit here, if not affordable ppl wont select this area for their stay", maybe got some ppl willing to pay RM2-3k to rent a house in cheras, but I think the number is limited. Cheras just an area have some commercial activities but not a hub, mostly is residential area, and don't have any prestige higher education institute here.
If you talking about re-sell value, i remember i met a S.A before (not this project, but similar development)
Me : Why i need to buy this property if the surrounding sub sale price is more cheaper than here, eventho i buy terrace house at this area also roughly same price only.
S.A : Yes, but you hard to get the loan approval and bank value also may lower than your purchase price, so you need to come out a huge d/payment, nowaday nobody wan to buy sub sale one. Ppl will buy new property because got rebate, lawyer fee free etc, you not need to come out a single cents.
Me: OIC, this project after V.P, my property is become sub sale already, so nobody wan to buy my property, why i wan to invest? I not going to stay here.
S.A :............................
For those is buying for own staying is not a concerns, but for those investors, i just curios about the investment value only, all paper talk, not practical one. Cheras area plans to rent RM3k. Not easy. For those strong holding power won't so worry, but for those weak holding power may become a burden already, and may jeopardize the whole property market as well, cox panic selling may happen, better been sued bankruptcy.
If anybody have an optimistic view about this project can input a bit.
My view may inaccurate.
the subsale vs new thing really funny. the tendancy of sev nowaday to give massive disc is worrying. is ok if one is calculating properly but alot of people just "want to make their pile" and sign up for 1m property when their savings maybe not even 10% of that simply because dev says "pay 5k over 12 months" or one recent really big and famous dev advertises: "buy now pay later". i quote from another subforum, "don't buy tomorrow's things today while thinking to pay for it next year."