Noticing that a lot of mature locations like Cheras, OKR, Kepong etc now have developments which are on the premium end and asking for those prices as well. They have now suffered.

Are they actually worthwhile? Are the “fancy” developments only viable in your usual blue chip areas like MK, KL, Bangsar etc? On the flip side, is it better to get a bare bones/ basic type development in an established location whilst being the cheapest in the locale?

I understand the rise of places like Kerinchi and Maluri but it seems the rest are very forced.

I’m starting to think that aspirational areas may be better investments than convenient ones. They seem to hold their value better and the rent is steadier.

By that I mean an area that is acknowledged as or has become an affluent area. An older unit in MK vs these fancy high rises in OKR.

In short, if you put St Regis in an area like Sungai Buloh it still doesn’t work.