Originally Posted by
pweesng
I don't mean to pour cold water to your investment idea. Like i say, i'm vested in that area, so the more transaction in that area, the better for me.
I like that area, it is really not noisy, given that it is tuck nicely in a corner of Mohd Sultan and River Valley, near town, but not that near.
However, i have some views about the older apartments there...
1) seriously, most people who wants to stay there, are either yuppies who probably has done way better then me, when i was their age, or Ang Mohs.
2) these groups are either very rich, or company is paying for thier accomodation.
3) Given the conditions, they may not want to stay in the older apartments because they either has an image to keep, or they are burning money that don't belong to them anyway.
I would be wary about buying a seriously old apartment there for rental...
but if you want me to buy something to stay and wait for enbloc, got some potential... but as usual... my views are mostly wrong.