QUOTE(UFO-ET @ Mar 26 2012, 10:11 AM)
The commercial setup (shops, office, retails & entertainment mall cinema etc) is served like a booster cum poison to SW Apartments. My assumption & prediction are :-
If SW is without commercial activities at the beginning, ave price stay at RM450/sf.
If SW commercial is totally fail (entertainment die off), ave price stay at RM380/sf. (coz shops/mall without tenants will looks like a ghost town).
If SW commercial activities is a great success, ave price stay at RM580/sf at least.
Those low floor unit might be slightly affected by the noice, the price will be slightly affected to RM500/sf, below than a normal mkt price.
Try to imagine a T-junction house in DPC, if other hse are traded at 1.3 mil, T-junction is still be able to sell at 1.2 mil. The bottom line is SW must make a success, it's crucial.
Good judgement ... and very optimistic figure as well.
So now, the concern lies on how can the commercial be considered as great success ..
Over time, i have less doubt on SW to continue appreciating but don't you guys think the current price is too optimistic ? However, if i benchmark against Zest, i think SW should command higher price but how much more premium is hard to scale.
I agree that the commercial will set the price for SW, but at this moment, it's still too early to say .. retail shops are suffering rental depressed. SW is lucky to secure some real good tenants but it needs to bring in more to be considered great success.
Mar 26 2012, 09:34 AM
Quote
0.0387sec
0.83
7 queries
GZIP Disabled