May 14 2017, 08:02 PM
I'll say the usual tenant profile for Section 13 is:
40% students (BAC, IACT mostly ... but problem is Atwater and Ryan& Miho are not walking distance)
25% young executives (local, Indonesians, Pinoy, Indians from India, etc)
10% are 'decent' couples or families
20% either blue collar or dunno-what is their job foreigners (no need name nationalities otherwise i get accused of being racist)
Maybe 5% are property "investors'" wet dream - managers, businessmen, 'real' expats, Koreans, Japanese, Singaporeans, ppl who drive luxury cars. That's 5 out of every 100 units, and I'm being optimistic here.
And yes, I personally saw two police raids on a Section 13 high rise - once by plain clothes cops and once by those carrying assault rifles. Probably drugs related lah, no need for assault rifles for vice, right?
QUOTE(balistafear @ May 14 2017, 01:14 PM)
Actually one of my concerns are who/what category of people would be the main long term demand people there? That is the bigger question that needs to be addressed.
Family? Most local Chinese families would opt for a landed property if their finances allows. Many still hold high regards to owning a land, as oppose to sharing an apartment.
Young family? - size might be an issue for smaller units. Bigger units would cost close to 1mil at here. For that price, there are plenty more options to look at eg Bukit Jalil, Kuchai & USJ areas.
Students tenants? Not sustainable in the long term, plus not many universities here with students of spending power to stay here. Currently, perhaps only MAHSA & private colleges students can. UM, UIA all memang beyond budget.
Young working adults (locals) - Perhaps. Most here are currently renting per room basis at landed neighbourhoods (SS2) or older condos (Tiara Damansara/Kelana Jaya) for cheaper rent.
Expatriates? Not enough supply to significantly contribute.
Corporate & MNC's leasers - ditto
Family? Most local Chinese families would opt for a landed property if their finances allows. Many still hold high regards to owning a land, as oppose to sharing an apartment.
Young family? - size might be an issue for smaller units. Bigger units would cost close to 1mil at here. For that price, there are plenty more options to look at eg Bukit Jalil, Kuchai & USJ areas.
Students tenants? Not sustainable in the long term, plus not many universities here with students of spending power to stay here. Currently, perhaps only MAHSA & private colleges students can. UM, UIA all memang beyond budget.
Young working adults (locals) - Perhaps. Most here are currently renting per room basis at landed neighbourhoods (SS2) or older condos (Tiara Damansara/Kelana Jaya) for cheaper rent.
Expatriates? Not enough supply to significantly contribute.
Corporate & MNC's leasers - ditto
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