QUOTE(yjtan15 @ Nov 25 2012, 10:25 PM)
Strata title - more banks offering loans, easier financing for buyers, shorter transfer time, greater buyer confidence. THese should translate into higher demand and better pricing. Maybe 5-10% upside on the price? Anyone can share any similar experience?
On the other hand, I think the main restraints on the appreciation of Bukit OUG is:
1)old and run down outlook
2)bad access
3)bad security
With regards to 2, I am pretty sure the LRT and new link to Jalan 1/155B and BK 1/20(proposed by Trinity Group) will solve it. Accessibility of Bukit OUG will be improved greatly given it is already located in a strategic location, OUG-Bukit Jalil.
I am only concerned about the delivery of refurbishment/repainting. Hopefully the management can really pull this off. Anyone can shed more lights on the matter of refurbishment? I mean apart from external walls repainting, other refurbishment in the future?
And the security of Bukit OUG is really lax. Anyone can walk in and out without being stopped to register. We are fortunate enough that currently nothing nasty happens. But bear in mind that once something bad happens and the reputation of Bukit OUG is tainted, it takes years for people to forget it. Obviously we don't want my money to be stucked in the investment for too long right.
Only with good security and facilities, then people would really want to stay in Bukit OUG. So far what I noticed as an agent is a lot of young people bought Bukit OUG for investment due to its cheap price tag. Personally, I believe a sustainable appreciation needs buyers who purchase for own stay, as it may reduce the supply of units in the future. Or at least investors with deep pockets, then they will not easily fire sale the property, hence sustaining the prices.
With such big price gap between new developments nearby(500psf versus 250sf) and Bukit OUG, there is a lot of leg to run. The question is whether we can make Bukit OUG a nicer place to stay. Not a low-end apartment which people would only buy for investment purpose.
Just my 2 cents. Welcome feedback!
Let me provide a little bit update here, but dun know can answer you questions or not....
1) Strata title - The Liquidator already start their work....jz wait their feedback
2) Refurbishment/repainting : External wall....this have been postponed after CNY....2 reasons.....(a) Now is raining season , (b) security issue, because during the CNY a lot of ppls outstation, if scaffolding oledi out, it will increase the chance of the break in case.
Internal Wall : Will do it by internal staff, by schedule is after External wall painting......but few day ago i talk to charles and adrian, i prefer to do it before CNY, so i can invited my friend to show off...

, so they are oso agreed on that....maybe will do something....possible they will staff floor by floor b4 go to Carpark area.
3) Security : RP's (Resident Pass) will be implement soon ....intially have been told want implement on 11/2012, dun know why delay again....really want to question them again

. With this implemented, i believe will increase the security over here....although not 100% can eliminated crime. With this RP implementd, all Waki-in, Motorbike-in, taxi-in must registered themselves at guard house.
4) After all this done...i believe our condo will worth 350psf kua.