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 TRX serviced Apartment worth to invest?, RM 2k psf, is this a good investment

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prdkancil
post Feb 25 2024, 10:56 AM

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Harlo agent , BBCC serviced apartment upcar , staff also rugi becoz below staff price now whistling.gif

hedfi
post Feb 25 2024, 11:11 AM

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QUOTE(Aldo-Kirosu @ Feb 25 2024, 10:51 AM)
It's total different segment from klang Valley & Malaysia market. But as local I will said its not, but at international view and open market compare to other country then I will say it likely worth especially Malaysia currency is very low now.
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Overseas buyer don't have access to other better deals available to locals meh 🤦
Cavatzu
post Feb 25 2024, 12:12 PM

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QUOTE(hedfi @ Feb 25 2024, 11:11 AM)
Overseas buyer don't have access to other better deals available to locals meh 🤦
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They have to buy above 1 mill. Most of the good value deals are below this price point as it is also at locals affordability.

Yea there are still decent deals at the 1 mill mark but more often than not they are actively sold to by SAs for overhang stock and don’t understand some of the nuance in the local market.
theevilman1909
post Feb 25 2024, 01:16 PM

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more like targeting to foreigners....

but biggest question.. they would buy or not??

because what I know... many who buy, always buy in Penang, Melaka or even in JB... esp Singaporean whistling.gif
Cavatzu
post Feb 25 2024, 03:44 PM

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QUOTE(theevilman1909 @ Feb 25 2024, 01:16 PM)
more like targeting to foreigners....

but biggest question.. they would buy or not??

because what I know... many who buy, always buy in Penang, Melaka or even in JB... esp Singaporean whistling.gif
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If they dig a bit deeper than the truth comes out. High end property prices have stalled since 2018, the rental market in that category is very limited and the immigration policies are roti canai. So low confidence and we haven’t even looked at macro factors like uncertain politics as well as supply + demand factors.
theevilman1909
post Feb 25 2024, 05:47 PM

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QUOTE(Cavatzu @ Feb 25 2024, 03:44 PM)
If they dig a bit deeper than the truth comes out. High end property prices have stalled since 2018, the rental market in that category is very limited and the immigration policies are roti canai. So low confidence and we haven’t even looked at macro factors like uncertain politics as well as supply + demand factors.
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bingo cool2.gif

expats market stagnation from before covid19 & gotten worse after bruce.gif
Cavatzu
post Feb 25 2024, 06:38 PM

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QUOTE(theevilman1909 @ Feb 25 2024, 05:47 PM)
bingo  cool2.gif

expats market stagnation from before covid19 & gotten worse after  bruce.gif
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They can’t conceive or understand why our property prices have remained stagnant when on paper Malaysia is a very nice affordable country to live in with great infrastructure. Most OECD countries have seen property prices and rents go up by 30-50% after pandemic (your typical migration hotspots).
kbandito
post Feb 25 2024, 07:03 PM

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QUOTE(bigman @ Feb 23 2024, 05:47 PM)
just search project related to Kempinski
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most actually bought at 1700
ck2chan
post Feb 26 2024, 11:18 PM

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QUOTE(kbandito @ Feb 25 2024, 07:03 PM)
most actually bought at 1700
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so those people naik kereta ready? rclxub.gif
rumahwip
post Feb 27 2024, 07:22 AM

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QUOTE(kuokkwee @ Feb 23 2024, 09:30 PM)
Let me ask the agent for details
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any reply?
kbandito
post Feb 27 2024, 12:11 PM

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QUOTE(ck2chan @ Feb 26 2024, 11:18 PM)
so those people naik kereta ready?  rclxub.gif
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Not sure if you will care when that doesn't affect your life much.
Chanzeryl
post Mar 2 2024, 08:44 PM

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Not to invest. Purely trophy property to show off like Pavilion Suites biggrin.gif
Babizz
post Mar 3 2024, 09:52 AM

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QUOTE(Aldo-Kirosu @ Feb 24 2024, 08:51 PM)
It's total different segment from klang Valley & Malaysia market. But as local I will said its not, but at international view and open market compare to other country then I will say it likely worth especially Malaysia currency is very low now.
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If locals won't buy a property just sell to foreigner and use all the buzzword

Cheaper than Singapore HK new York etc.

 

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