There is a signature campaign on going to solicit support from home owners in PJS9 Bandar Sunway to convert their leasehold titles to freehold.
PJS9 is one of the earliest phase of Bandar Sunway developed by the then Sungei Way Group (now known as Sunway Group). It is located literally beside the busy Sunway Pyramid shopping mall and Sunway Lagoon theme park. There are also 3 major colleges in its' vicinity - Sunway College, Monash University and One Academy. The housing area consists mainly of double storey link terraces and semi-detached units.
I do not know on what basis the house owners are lobbying for conversion of their titles. However, I DO NOT support this campaign and I hope the Selangor state government will reject this application.
The property prices here are already too high - if they get their freehold titles, the prices will definitely skyrocket beyond affordability. At launch, these houses were sold on average between RM160k to RM200k. Now, a double storey link intermediate unit is going for RM600k and above. This will cause many owners to sell their houses and most new owners who have paid a bundle for properties here will rent their houses to students because the private student market now contributes the best rental yield in any properties. Here, students pay up to RM1500 for a master bedroom. The cheapest rent is no less than RM400 for a small room with fan.
So, the impact is, PJS9 will see a larger influx of students and existing students will be forced to pay an even higher premium so that the owners can recover their costs.