QUOTE(LazyKurosaki @ Dec 30 2019, 09:57 AM)
Thank u for advice and encouragement. My first prop was in bukit puchong. Saville D Lake. Biggest mistake I made in my life... Now that prop stucked there.. Thats why my 2nd prop I need to be more careful and ask more opinion from knowledgeable others..
Will have a look into 216 Residences again. Besides that, do you think the purchase price is expensive?
835 sq ft 2b2r
1 cp
425k
834sq ft 3r2b
2 Cp tandem
480k
I calculated. It is about 500++ psf for 216 Residence.
Are you buying for own stay or investment renting out?
developments around the area, such as 8th & Stellar, M Oscar and 1 UOA project which I forgotten the name..
If you are buying for investment and have that kind of budget, I suggest looking at studio units or something similar in Bangsar South.
ROI definitely faster and better due to larger expatriate and working crowd in Bangsar South.
Bangsar South, despite what you see with towering office towers and developments, they are still huge demand for good quality condos/studios.
The demand is there because a lot of office moved into Bangsar South for 3 reasons :-
(1) Connectivity - I know, you will say, what shit connectivity with the huge jams, but precisely, that is what makes the township tick. it bears KL address but yet not really in downtown KL, so slightly cheaper office rental rates.
(2) MSC Status Grade A offices - This is what separates them from a lot of other so called "Commercial" developments. Malaysia, despite the office glut, is still in severe shortage of good quality Grade A office. A lot of top MNC IT firms, FMCG Firms, Local IT Champion Firms, wants these kind of offices, and Bangsar South can fill that gap in demand.
(3) All-in-one self contained township - With the opening of Cengild, if you notice, the Bangsar South township is literally self sustaining township, which means expatriates working there need not travel out far to shop for necessities and healthcare. Even if needed, 2 atas class shopping mall in Bangsar is just a stone's throw away. and Mid valley is just 2-3 train stations away.
a good way to gauge if the proposed development is good or not, is to personally travel down to the surrounding area, have a feel and walk around the place, talk to nearby shop owners, see what is the population nearby, what kind of commercial activities that sustain the township etc etc, don't just blindly believe in what agents promised(although I myself am one lol

), a lot of them will sweet talk you with a lot of dollars and cents (cashback lah, ROI lah, future developments lah, some even quote developer's GDV of the project to boost confidence of their project's commitment) . But ultimately, the cheque book lies within your hand,so think carefully before you sign on the dotted line.