QUOTE(Longshot @ Jul 2 2024, 11:25 AM)
Boss,
If work in KL, won't be renting in USJ7.
Nearer to KL also got places to rent like Bangsar South....mah
Just bcos it's next to a LRT station doesn't make it the number 1 die-die must rent place.
My point is, either pay a premium for the close proximity to lrt or save the money for other expenses like a car.
No right or wrong, just a matter which choice suit the targeted tenants, they have a choice.
Funny that SDP now include commercial building as that wasn't in the initial info when the plan was revealed.
Commercial building is a good choice as it complement the planned mall in the plan unless they scrap that too.
Read my earlier post on this development where i commented on its master plan.
Subang and Puchong don't rely on Sunway but each other complement one another.
Sunway facilities like medical, mall and theme park need the foot traffic from SJ, PJ and Puchong in order for it to survive.
SJ is also known for its educational center where it attracts a lot of ppl to move over from PJ.
In short, SJ is an extension of PJ as you can see the migration pattern from KL to PJ to SJ to Puchong to KK and now branching out to Cyber, GC, Gamuda 257, Rimbayu, ES etc.
Please note this is just one migration path, there are several.
If you want to target student tenant, the market for student that can afford the asking rental price is rather limited.
Moreover its size and limited room doesn't allow for sharing of the cost between more than 1 student.
To make matters worse, you enter at a higher price point where others are entering at 250k yours is at least 33% higher.
The furnishing isn't going to make alot of different for students and even to furnish a 550sqf unit, it's unlikely to cost more than 40k and that will still be much lower than ur cost.
The point is, in the likely event of a price war, you are at a disadvantage as ur competitors has a lower breakeven point.
Your targeted tenant don't care much about view or walking extra 100m if it can save them an extra rm200 per month.
You can try to attend Sunway Open Day where alot of students come to enquire about courses.
You'll see alot of property owners there promoting their unit to these students and you can gather alot of feedback what these students are looking for, their budget and preference.
From here you get a feel what is the student market like.
Boss, just sharing with you my views.
Feel free to just ignore me if it is nonsense....ya
I go back to washing toilets, took too long break ....jor
U dont have knowledge dont act have knowledge la, do u know SAMM unit cant be anyhow sales. Of course they are cheaper but that not everyone can get la bro.
2nd u also know SJ is education center, do u know more favourite uni is come from Sunway. Mostly the uni is from Sunway la, those people rental either at Sunway either at USJ 1 for student.
I stay USJ 1 almost 10 years, i very familiar this SJ la, u said SJ and Puchong not rely on Sunway, i tell u la, those stay Puchong and SJ go shopping, go medical will only go Sunway, Sunway land is limited that why SJ and Puchong property is hot and many people grab, u go to Puchong see only near IOI and Bandar puteri quite develop, inside Puchong where got develop. For SJ also mostly SS15, 16 and USJ 1 develope, other than that also not that develop la.
The 4 big uni, Sunway, taylor, Monash , Inti, already 3 unit at Sunway, only Inti at SS 15.
I did not said will aim for working adult, i also know if working adult work in KL they would not choose stay SJ, but for target Student or who are familiar SJ and dont want leave SJ they are the Target tenant.
Conclusion if play rental of course u condo very very close lrt is most easy rent out and high rental, of course the condo facilities also must look Classic and Atas, then able to rent with good price la.
This post has been edited by thx2012: Jul 3 2024, 01:17 AM 
Jul 2 2024, 05:41 PM
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