Recently, a friend bought a house in Setia Alam. Double storey link 24x80. The price? A whopping RM644k. I personally feel the price is too high even for an end lot. And yet most of the units have been sold. Another launch 20x65 (intermediate) is selling for RM375k. I wonder if those buyers intend to stay or for investment..
As for my friend, she buys for own stay. Good for her. I don't think those investors can make profit with this kind of price. How much more can they sell for a double storey link house. Furthermore, many do not even know where Setia Alam is..
As for now, I feel the price has reflected the upcoming infrastructure and shopping mall for the next 3 years. If the developer does not deliver, or delivers late these prices will be adversely affected. Maybe as a long term investment of more than 5 years, it is still viable.