QUOTE(johnsonm @ Aug 19 2008, 01:47 PM)
Pelangi Utama is appreciating very fast. I think it has probably gone up about 20% in the past year.
If you ask me, this is due to the location. It is smack in the middle of Bandar Utama and Damansara Utama. However, do take note that for properties like these that are student-occupied, there is a maximum price that they can hit, and after that it is downhill all the way.
Are you interested in Taman Desa? There are quite a few condos there that are quite decently priced, taking into account its proximity to the city.
On the bright side, I get the feeling that there is still another 30% or so to go before Pelangi Utama peaks.
in 2004, i bought one unit in Pelangi Utama (phase 1) for RM170k. Recently one of my real estate agent told me my unit can fetch about RM 260k, really not bad i must say. But i am not selling yet, right now rent out for RM1200/month.If you ask me, this is due to the location. It is smack in the middle of Bandar Utama and Damansara Utama. However, do take note that for properties like these that are student-occupied, there is a maximum price that they can hit, and after that it is downhill all the way.
Are you interested in Taman Desa? There are quite a few condos there that are quite decently priced, taking into account its proximity to the city.
On the bright side, I get the feeling that there is still another 30% or so to go before Pelangi Utama peaks.
Aug 25 2008, 03:51 PM

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