Many old and very interesting comments on the rental demand in pahsang. A quick call to agents and iproperty data below on FF rental will yield interesting results. Friends who have purchased and FF their units in Impiria and Gravit8 are seeing decent returns despite the pandemic.
https://www.iproperty.com.my/rent/serviced-...ence/?q=Gravit8https://www.iproperty.com.my/rent/serviced-...ria%20ResidensiQUOTE(gks @ Jul 13 2016, 07:25 PM)
How much rental can be commanded in Klang?
QUOTE(gks @ Jul 13 2016, 10:53 PM)
It is not hard to gauge. Because not much of demand lol.
Local pahsang prefers to stay in landed and until recently, just few high rises been built and primarily near the hokkien association there.
This TRIO land... it was been on hold for so long simply because no demand. Now SPSetia wan to relaunch due to the catalyst from LRT3.
QUOTE(Babizz @ Jul 14 2016, 12:00 AM)
There has been 0 high end condo in klang and suddenly many are sprouting around bukit tinggi area like the lead trio gravit8.
Last time, many low end condo in bayu perdana area and north around hokkien association.
Many young pasang are interested in highend lifestyle living hence the BBB mode for Lead near many premium retail offering in bbt2 n botanic. I still think rental able to cover 70% of installment fr lead but supply is very HIGH and stiff competition will persist when all this highend condo VP in 2018-2020.
QUOTE(gks @ Jul 14 2016, 03:24 AM)
What is your rational of above? First of all, pahsang is consist of factories and SME industries where most workers are not exactly highly paid. Who will buy all these high end high rises or rental from investors/ landlords? As you mention, not a single highend highrise so far in pahsang.
Some of the better and proven location also struggle to breakeven. Even is SPSetia wants to sell at RM500psf, good luck to the buyers if they plan to buy for investment.
QUOTE(Babizz @ Jul 14 2016, 07:37 AM)
Just because no highend highrise so far, doesnt mean market wont make it. For rental, shld be kids and also logistic company staff. Rental of landed n apartment in this area is liquid and reasonable.
How many new highend condo can breakeven? like i said, INVEST with CAUTION!
QUOTE(BEANCOUNTER @ Jul 14 2016, 09:35 AM)
Sell well doesnt necessarily translate into good rental demand and subsale apreciation.
QUOTE(Rinth @ Oct 29 2020, 06:07 PM)
Yea, heard from 1 of the agent that their team rented out 60-70 units since vp, which within 10 months, 7 months is MCO period, which is quite impressive. Gravit8 is suitable for people that work at pulau indah , port Klang, telok gong area, as it have direct access to kesas, compare with The lead, though lead demand is strong too since it have access to aeon mall.
QUOTE(Babizz @ Oct 29 2020, 06:15 PM)
and this is just 1 agent group. the other agents said very low supply of units now. when driving by i saw many lights on. in terms of the product, gravit8 is very nice. quite a lot ownstay also. 2 more blocks VP next year.
The lead FF demand from expats in klang n Port klang is very strong. I know of fully furnished 3+ rooms renting out for 3-3.5k+. Lead also has many shops in the landmark to access.
Soon Remia residence will VP but mostly for ownstay just like Trio.
QUOTE(-CoupeFanatic- @ Feb 8 2021, 12:42 AM)
Really happy to see this project outperformed expectations. Their rental market seems to be strong somehow. Klang area considered very good return already.
QUOTE(-CoupeFanatic- @ Feb 8 2021, 11:33 PM)
Didn't know that this area can fetch such rental prices, saw those rental units are going for about RM2psf/month. Good for the owners, many areas in subang / pj can't even get this kind of yield.
QUOTE(Babizz @ Feb 10 2021, 04:41 AM)
Some nicely furnished units rented out at 2.40+psf while 2.70++psf in Impiria. Unsure of whether this trend will stay with many newer condos but I was wrong on gravit8 so far.