Do we really need the latest LRT project? Has the government studied economic monetary returns for the money it will spend on this LRT project? The rail cuts through people's backyard literally. Look at Sprint / Damansara / Bangsar area? Crap, the value of my properties have just dropped by 30% at least. IMO this LRT project is a power booster for those currently in charge of running the country. The developer of BU got into a tussle with the govt as the LRT station will be located next to One U. Instead of reducing congestion, it will increase traffic congestion. The LRT will benefit those whom really have zero transport. A majority of people do not take the LRT unless forced to.
For those who already have invested in properties, we wish for more foreign investors to come and invest, be it the rich from China or Singapore or even Indonesia, our rich neighboring countries. Yes property prices gone haywire. Desa Park City recently launched 4 storey shophouses for RM8.0M to RM12.0M (corner) and sold out within days. Prices before discount. Huh? What is the ROI for such properties i wonder. Beside LDP a huge RM3.0bn commercial project on-going, by Mammoth Empire Group. Setia Alam's on-going development can last another 5 years. People somehow still have lots of money.
For the fresh gradutes with their first paycheck, they will need to strike lottery to buy a decent place, a condo. With salary of RM3k and below how in the world will they afford a house. I wonder.
The reason i posted on the Pinnacle PJ bcos i am thinking hard whether to go into this development as an investor. I know the people behind the development. The thing is this, i am considering saving up my spare cash and comparing the potential of that development, after 3 years. They more or less equal. If i dont buy this property, i save on Bank interest and I in fact gain. As i already have 2 properties for investment, i wonder whether do i need to go into 3rd one?
Your thoughts are welcomed.
On another note, there is an on-going development currently near Putra Mahkota Interchange - Seremban KL, considered as Bangi, near UKM, next to Bukit Mahkota township, double storey and three storey terraced houses. Very accessible, low profile developer, and will be launching close to 1,000 units of residential properties for sale. And their prices are very competitive compared to what the big boys will be launching, such as Naza, SP Setia and Mah Sing, and this particular location is much better.