QUOTE(thx2012 @ Jul 2 2024, 02:14 AM)
Driving a car to KL work? Nowadays in KL traffice jam anywhere, a lot people not driving car and using mrt and lrt go to work. Now mrt , lrt monthly ticket only Rm50 per month
This project is under walkway to Lrt , different other project u need cross road or walk around 10 minute reach lrt, nowaday people also lazy walk that far, if want cross the road to lrt they also feel dangerous.
By the way, even the commercial building build up i dont think will impact much, i can said whole subang and puchong is rely on Sunway, not Sunway i dont think subang and puchong can be hot place. Every 1 want go shopping , medical, education, theme park only will go sunway, for subang parade, summit mall just grocery.
I choose here because this condo is convenience for sunway , monash student they have another choice here, because sunway now rental is quite high and the condo also quite number of year
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
Nov 8 2023, 03:00 PM
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