After doing my own research on these two buildings (Fennel and Capers), investors better stay away from it.
It grabbed my attention when developers opened their own units for sale at BELOW LAUNCH PRICE......very fishy. Why would they even think of that, unless the know something? Either running out of money or knows the market value of this place cannot hold for long and I believe it's the latter. They got their money from the initial 70% sales, and dumping these last units for a price which is still a 'profit' when looking 5 years down the road.
Ridiculous price to buy now, rental is a joke. Mid end condos and poorly maintained buildings in Subang and PJ can command similar/higher rental.
However, if you bought for own stay and convenient to get to work, then it's not a bad buy. But for investment...no way.
Investment THE FENNEL @ SENTUL EAST by YTL (V2), Sentul East KL
Mar 7 2019, 08:26 AM
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