A former classmate, now a Canadian, recently stayed at an apartment near KLCC. He commented that because of the common traffic jams in the area, he did not feel like getting out of the CBD unless he had an appointment with friends or relatives.
Another ex-classmate, moved from Titiwangsa, KL, to Setia Ecopark in or near Shah Alam. The effect on our occasional lunch dates or jam sessions was felt because of the extra distance. It used to be a quick 'yes or no' if he was in Titiwangsa, whether he could join us in Sentul. Now, I would not even call him to find out if he was free unless he happened to be in town, because it would not be nice for him to turn me down.
These are just two examples of unimportant but minor issues which would affect someone's decision to buy a house or apartment. The more important ones would include proximity to workplace and family or friends (depending on whether he or she wants to be closer or farther!)
Recently, we visited a high density condominium project, Parklane OUG, which is near OUG but is on Jalan Puchong. It was described as 'truly affordable' at over Rm300,000 for a standard built-up of 950 sq.ft. Affordability is subjective and it depends on who the developers are targetting. For an average wage earner without parental support, it is beyond him or her. But when compared with other new projects, it can be described as relatively cheaper. Mah Sing's Icon Residenz at Icon City (former Masushita factory in Kelana Jaya) starts from Rm499,000 for a 569 sq. ft. serviced apartment. Of course, Mah Sing has an established brand name and this is a bigger integrated project. But for a better comparison with Parklane, if I remember correctly, there is one project in Sg. Besi offering a 950 sq. ft. apartment for some Rm470,000!
It is interesting to compare these with an upscale project within KL CBD: Laman Ceylon, Bukit Ceylon. Its apartments start from 624 sq. ft. and at around Rm1,000 per sq. ft., I presume it starts from over Rm600,000. For its strategic location in terms of proximity to KLCC and other important business addresses as well as premium shopping centres like Pavilion and Starhill along Jalan Bukit Bintang, I would say it is relatively cheap for foreign and local businessmen to have a place to stay or to offer their foreign business associates a convenient place during their short visits. Location plan:
Prince goin high,banks make offer with lower interest,at least that help those who wants to buy those expensive accomondations..in a way..maybe.
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