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This property looks very hot, is that good for investment purpose or for own stay?

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Seems like a very high density area. Don't think I want to live there. I can imagine the traffic. Might be a good place for investment though.

204 Units Commercial Shop-Office
4225 units Services Apartment

http://www.akisama.com.my/projects/parklane-oug

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Yah the traffic will be a major problem if all phases are completed and occupied.. However we take comfort of the lrt station being constructed in 2 years time and it will be a good place for investment..

For own stay i suggest lower density area.

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Don't like that place. Congested and dusty.

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o.O traffic always a nightmare for me ! But I think if for investment wise is good since it near by lrt station...Any PropSocial dude here, I saw the review haven't update yet...http://www.propsocial.my/property/2483/old-klang-road/oug-parklane I'm waiting for it badly :(

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The review's up, but doesn't say much. From what I heard from my friends though, the shops are all still empty and the colour scheme is.... extremely eye-catching from the highway. Not in a good way. =.=

Are you looking for short or long term investment? And what kind of tenants are you looking for, students or white collared workers? Budget?

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ya, i think in the future will be quite crowded =,='' there are so many green and orange building blocks ! hmm, ya..many shops still not open yet, i had my meal in the mamak downstair, acceptable I can say :D

Hmm, I'm looking for both investment opportunity actually..hahaa..budget under 800k

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What kind of investment? To rent to students or to office workers?

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Ermm...ya, probably for office workers...Sometime, students are terrible tenants >.<

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Yea, student issues involve them spoiling everything in your house before they move out. >_>

erm... for white collared workers... would you prefer the rental market or for capital appreciation? I'd suggest you go for capital appreciation if your budget is already so high.

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haha, i'm currently staying here in OUG Parklane. Shop is getting more and more on preparing for open up.

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@johnshen_831 Cool!! So is it a nice place to stay in?? Is traffic ok in the area? What are the majority of the tenants.. ? Are they like families or investors? ;) Do you have any idea what kind of shops will be opening there? Will they be like Starbucks and McDonald's.. or more like boutique makan shops? :)

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@Dianne Well, is not fully occupied yet but getting more n more people is coming in. People who stay here got family type, students, young working single or couple. Both local and foreign. We have kindergarden/Day care center, mamak got 2, hardware, self-service laundry, convenient stall, mini market and some shop is opening soon. Starbuck n McD i really got no ideas. XD

well, this is only for Phase E, the 3 orange color blocks. I haven't go n discover the Phase D, the grey color blocks.

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Cool!! Keep us updated.. how many blocks are there anyway? i know there's another green set of blocks. =P

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@Dianne, the whole project consist of 4400 units. It's consider a small 'taman' already and YES the address is Taman OUG Parklane. Total of 11 blocks.

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@johnshen_831 hahaha!! Thanks for the info!! You sound like an ambassador of the place!! xD

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@Diane ... haha, i'm staying here ma XD

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At one point the units are selling at 450K and now there are offers at 390K. Rental was initially at 1300-1400 (furnished), now I think can get at 1K. May be the flippers are becoming desperate.... too many supply there.

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@ppnnkk2011 ... yes, too many motivated landlord letting go their unit with very low price for rental and selling price. Good for tenant and buyer but in the other hand, not so good for landlord. Rental received can't really cover the monthly mortgage payment. Is kind of sad situation. Lucky that FREE management fee for 1 year. Otherwise, the burden is more heavy to maintain their monthly commitment on their property.

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I saw somewhere, now they are offering 2 years free maintenance fee. Is it true??

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Like seriously???? 2 years free maintenance fees????

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