Actually i noticed many corporates have asked their staff to return to office to work.

Some opted for 3 days work at office and 2 days work fr home.

In other words there is now demand for office space.

Company & office just play apart  of the occupancy rate.

118 merdeka mostly state-run company.
TRX financial related, stocks, investment company & banks mostly.
BBCC the Stride strata office. Start-up or Unicorn company, freelance, agents.

I think he brought up the question why only is this project in Pudu area is related to iconic building or development in TRX or PNB 118, which is not in Pudu.
Yes, having next to LRT station is one of the selling point but that's it.

Both iconic developments mentioned might be promising plenty of jobs but we need to see that's until what extent as both have tough time to complete it's current infrastructure, let alone the struggles to bring in anchor tenants before jobs were created.

I hope it can do well, but those office people may not just have Skyline Pudu to choose from and these mid to top executives have various developments to slowly picking up. They may even have luxury of units from The Core & TRX Residences (3k units) floating in the future, and that's beside the next range of middle high end Sunway Belfield, BBCC's SWNK, Sunway Velocity and it's stretch of min few thousand units.

Those malls workers maybe have such budget but these are also those people driving City, MyVi, motorbikes or taking LRT from 10 stations away too.

Any tourist attraction within walking distance here? Majestic not doing well and those budget hotels right in front this project (same row with sek yun) close for so many months till now since mco. Even before kfc been there so many years also beh tahan wind up, whats the businees is doing from that row shoplot right now? That lure tourist or commercial in? Serving what type and category of customers selling wat service and goods? Have a check out and walk through.

Why can't, is this not pudu skyline thread?
A direct lrt access and able to reach 118 Towers directly by only 2 Stations away, no need walk pass the long dark alley or long roadside. not good enough for selling point?

Curious to know can m-city and Ampang arte said by sphead got this kind of connectivity? Not even Continew at pudu/Jalan yew got such connectivity.

How much the Core & TRX residence selling?
How much bbcc's swnk selling?

Are there only target base level of mall workers? Those kind of workers you said mont kiara, Damansara, bangsar don't have? Only work in pudu? There are still shop managers, management lvl, supervisors, regional or state supervisor, shop owners. Still got many others office workers. Even can't rent whole unit due to budget issue, can rent as room or share rent. Of coz at the end their choice to choose which fit their budgets, convenient and needs most.

Property valuation very much depends on the rental yield. If u capitalise the net yearly rental yield over the market rental return, u will derive the valuation of the property.

For eg net annual rent is rm1800 (after lessing service charge/sinking fund/assesment). net annual rent is rm21,600. If market return in the area is abt 5%, then the market valuation of the unit will be rm21600/0.05 = rm432k

Valuers will also cross check against the latest sale price of nearby similar units to do a comparison method as well.

The higher the rental yield the lower the property value is. The lower the rental yield, the higher the property value.

This explains why freehold landed property has such low rental yield.
Because landed property is typically very expensive.

In other words the rental yield has an inverse relationship with the property price.

Valuers will also do the comparison method to derive the market valuation beside the income method (derived from rental rates).

I noticed the comparison method is largely used here as its arguably the simplest valuation technique

Freehold lands location most of the time are less favorable than leasehold lands. Means the land not strategic for govt to claim back to use for future development.

Leasehold land most of the time at the really strategic location, hence it can rent out higher rate than fh. But some could be due to land geography related issue which the land can't be FH.

Of coz... it's not always absolute sometime got exception case.

If we compare Robertson with skyline, which one enjoys a better location?

Currently yes,

But after plaza rakyat put in the puzzle. That will be within 500m only or less.

Checked with HW human resources before.

They told us their employees got standard. They prefer take 1 small unit for 1 pp stay or 2 rooms unit share with another colleg means 2pp. Maximum go up to 3 rooms for 3pp but most of them don't really like it. 4 rooms not even in their prefer list, unless whole family stay.

This is why studio, 1 room or 2 rooms are so popular in the city.

If more than 3 rooms or above usually are bangala standard.

This was what their company HR convey to us. They won't put 3 rooms or above in their shortlisted list for their company staffs to choose. Their definition of too zhap if a unit share by 3pp or above.

Unless special request like family stay usually for high position staff, but they will only pick the high-end place like dua residency or Aria.

No investors here highlight their concern about the super high density of this project?

2214 units on a 3 acre leasehold land.

Even UOA can't rival this density.

1 acre average 700+ units. Not hitting average 1k units yet.😅

Think... it's a trend for high dense development near public transport... may need 1 or 2 generations for local people to accept it.. Use public transport more.

Look at uem connaught TOD new project also very high density. Surrounding it also many high-dense highrise.

M Vertica did not draw that much flak in the beginning. Only when the 5 buildings are up that people actually feel how dense it is and started taking videos and sharing it on social media.

The artist for this development is very smart. They draw the artist impression at an angle that makes the development look not so dense. Even in the promo video, they don't show the whole building from the front.

Thr is another 3 acre piece of land just in front of block A & B facing bandar malaysia.

Potentially can develop another 2000 units of service residences.