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Investment Axis Ampang - Residence, SoHu, Crown, Atrium, progress pic first page as of March 09

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aaronpang
post Feb 12 2007, 01:27 PM

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From: Kuala Lumpur
I believe they have been promoting this development since 2005.

The negatives alone will turn me off plus the units are smallish imho... not good for large families. Its also commercial title and leasehold, also the developer is relatively unknown (to me at least) so its hard to predict what quality to expect from the finished units.

If anyone is buying for investment in the long run paying for the maintenance fees, extra cost of utility bills and other misc. cost will eat into your long term returns moneyflies.gif...

Some think it's worthwhile and if they can find the right kind or tenant although it's not guaranteed. Most of the surrounding condos & apartments are rented out to locals and the average rate I gather is around RM800 to RM700.

Might make a great place to stay 100m to StarLRT you can overcharge those people who think public transport is important moneyflies.gif but I'm pessimistic and unimpressed by Axis.

edit: suiteng did you buy a unit there? Just curious laugh.gif

This post has been edited by aaronpang: Feb 12 2007, 01:46 PM

 

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