How much rental can be commanded in Klang?

im curious too as klang not many high rise, hard to gauge the rental...

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.

+1
Local people prefer to stay landed in Klang

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.

Boss, do u know where is the sales gallery? Thinking of going there 6c6c a bit.

Condo will not be successful here due to blue collar area.

Boss, epbt says gallery is approved but nt sure wthr work has begun. U can visit the site. Next weekend preview masterplan in setia city mall.

Launch only later this year. I think they will proceed with the launch if the showroom is built.

If price is OK u intending to invest here?

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.

Premium retails in botanic? you mean the GM wholesale? Even the Botanic Business Gateway, it's been VP-ed like 3-4years. But judging the crowds and occupancy where just the main frontage shops is well occupied even with GM and Aeon with close proximity. I think the rest of the business parks will take another few more years to see any booming. Those owners that been holding empty since developer time, good luck to them.

I see... means now still a bit early before they r actually gonna launch. Hehe... I doubt price would meet my expectation, let's KIV first.

Yes.But if 500psf like some forumer mention, expect to be sapu kering kering lah.

A lot of rich pang sang lang who brought property in cash oh! Just from another perspective.

Its bcos pahsang is running out of prime land to build landed and the cost of landed will be above the afford level of most next-gen pahsang nang lioa?

One thing i quite certain...people from shah alam subang n pj/okr are unlikely to move to pahsang.....

How abt icity? Pretty close to.pahsang rite?

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!

Retail dosnt only mean mall lah. GM sell cheap stuff. I'm talking about those walking distance to lead which is facing aeon and beside aeon (refer pic). Botanic capital area (dead one) last hope is lrt3 station. The owners there have strong holding power but not sure holding for what as the shops will still struggle

This post has been edited by Babizz: Jul 14 2016, 09:49 PM


Attached thumbnail(s)


Attached image(s)

If there is demand, spsetia will not hold the launches of this piece of land for so long. Yes pahsang lang memang kaya and willing to buy rm550psf high end high-rise for fun and hold empty or for kids. However it seems that spsetia is even struggling to sell their setia city residences.
Many high end condos can breakeven.. but definitely not in pahsang if developer want to sell at rm500psf for proper 3bedrooms 1000sf.
Those shoplots with aeon frontage considered as premium retail? I passed by on almost few weeks basis but didn't feel any premium attach to it. For commercial shoplot on this part of pahsang, ppl still prefer BBT part than this botanic part... those botanic shoplots inner part... do not think will get better soon due to crowds prefer BBT...

Bro, Lead Residences (behind Aeon) sales very good although price not cheap. Why huh?

Sell well doesnt necessarily translate into good rental demand and subsale apreciation.

That I understand but it does not answer the question why the sales so good, it's not exactly cheap anyway.

According to Babizz.... there are many rich pahsang who buy and can afford to hold empty or buy for kids.

But question to you if you are wearing investor cap.. are you one of them? or buy to let or flip type?

BTW... according to KPKT website... just sold 50%. After launched for 1.5years? Considered good sale?

http://idaman2.kpkt.gov.my:8888/idv5/98_eH...EAD%20RESIDENSI