Property agents are really getting smarter. They make sure of the internet/forums, pretend to be residents/potential buyers to create the hype and jack up the price big time. This property is definitely overpriced, it is true that the value has gone up quite a bit, because of the hype created (by capitalising on the future LRT station).
The upcoming projects around this area will give the buyers plenty of choices. They will make this property look really old and cheap as well. By then, rental rate could drop, rental range is around 1k-1.3k at present, how much do you think the rental rate would be for RR, KR and ZR once they are ready? If rental for those projects can fetch 2.5k and above, then great. If rental rate is in the range of 1.8k, what will happen to Bukit OUG condo?
Can this property continue attracting enough interest for locals to buy for own stay? If most of the buyers are speculators and nobody actually wants to live there, then this property is in real danger.
Just my 2 cents.
Bukit OUG Condo, Any information?
May 11 2011, 04:17 PM
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