Thursday, May 8, 2008

The P Ramlee area

A few years back, I missed some opportunities to purchase a 3 bedroom unit in Crown Regency. Back then, it only cost about RM450psf i.e. RM675,000 for a unit circa 1500sf. Now the same unit is selling above RM1.2 million. How many units actually get transacted at that price? Especially the rental yield is so low. At RM6500per month i.e. 6.5% returns (I know some of you saying, wow! so good > 6%!).

picture above: Crown Regency

But apparently, Crown Regency is hot cake in the rental market because of it's old age, it's still possible to rent a 3 bedroom unit for less than 8k a month. Loads of people in neighbouring Parkview and Marc Residence complain about the noise from the P Ramlee entertainment zone featuring Thai Club, Run Jungle, Beach Club etc until 3am in the morning all weekends. How true is this? Anyone can comment?

A quick check with estate agents and Star classifieds reveals many units available for rent in Marc and Parkview. But it seems UBN apartment, further from the noise is full house!

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