Wednesday, June 29, 2011

Senza Residence beside the Taylors Lakeside Campus

Have you been getting many sms and emails lately from property agents advertising hot properties which are going to be launched soon? They are always in good locations such as beside a College or KL City center and also almost always over-priced. The pick up line is always the same, from every agent, that the project is very popular and they are reserving the last 1 or 2 units for me and have to decide by tomorrow or else they'll give it to someone else. Then the next pressure line is, the next phase will be launched at a higher price, usually 20% to 30% higher. So, I would like to warn fellow punters to take a grip and think many times over before jumping in. If it is really that good sales, they won't be reserving units for you, right?

Well then, assuming that sales is really fantastic, the biggest issue with this location is the access. Already we've high-lighted the problems faced by PJS7 residents due to the Taylors campus. As you can see from the map above (gleaned from the developer's website), the site together with the Taylors campus is land-locked.

The only feasible tenants are probably those attached to Taylors College. It is a tough sell... A 3 bedroom intermediate unit apparently goes for over RM550k. I am not going into the price per square foot yet... at this cost, one has to rent out the whole unit above RM3500 to make ends meet. If rented to students, assuming 4 students live here, it will cost them just around RM900 per head - obviously single rooms cost more. This is beyond the means of most students although admittedly Taylors College has many rich brats. So, this will obviously encourage up to 8 or even 10 students to pack into a unit causing them to be very undesirable neighbours. So families? Slim chance to get families to live here.


Haruki said...

You are right, Sin Leong. Students on a budget will still end up in Lagoon Perdana paying RM250-350 per person.

Zek said...

its quite expensive.