QUOTE(NewPropertyLaunch @ Dec 24 2016, 06:16 PM)
Ouch, sounds like you're hit with bad experiences or manifested with small "money" talk or so...
Here's a few things you can think of it..
1) Time has changed, money getting smaller, cost of living going up.. what you want developer to give to fit in or to meet the criteria of the standard living now?
2) Location sounds bad due to light industrial warehouse?? Mostly are storage per say.. its not heavy duties or noisy..
3) Not a good place to live - This is grey area.. but.. Had you look at site like UNDER kelana HTC? or would you think some ulu place is better? Subang is and has been a mature area, hardly any more land available..
4) "I don't know why would even student live here, isn't the safest place to walk to and from uni" - Kindly read the brochure if you have..
The UCSI is directly infront.. like less than 100 feet.. students overseas or over-protective parents would want thier kids to be close to school..
5) Yes, there are OTHER options.. you can buy ISOLA at the price of RM900 PER SQ FT.. would you? *another grey area* but yea..
6) Are you looking for capital appreciation or flipping or none?
I guess different people think differently. I have lived through several phases of the property boom having started young. My philosophy on buying real estate is, if I won't live there I won't spend money to buy a unit there.
I differ in opinion that the location has enough students to take up anything developers dish, reality is otherwise. Student are particular on price and what they get for it and that's why u see those sunway terrace house with additional make shifts rooms booming more then condos.
U can sugar quote as much as u want if u r an agent selling this or a buyer who wants to feel good but u don't buy a property purely hoping students will rent it and that too at good yields. I drove by that place last week and it still brings back old memories when I lived in Sri subang pjs 10/30 corner and drove every morning my mom who used to teach in that private school next to be project.
If rent demand was so high, there would not be still so many units for sale on brand new developments in sunway or continuous drop in rents in places like a-marine.
It would be more sensible to pay more and buy in a better location in subang or stay away and look elsewhere. Property is a long term commitments and there is no reason to rush in especially if you are taking loan.
Finally remember, historically I can't recollect in recent history any situation like what happened between 2009-2014 when stupid dibs was introduced and everything shot up like hell thanks to greed from buyers and developers. Many of us who collected properties before 2009 gained so much due to the artificial price hikes but there is no guarantee in 10 years u will see another such situation, so appreciation will taper and flippers will suffer if they don't have Holding power
This post has been edited by goks: Dec 25 2016, 03:57 PM