Opportunity in Demolition: Exploring a New Project in Xinshan
An old mall is about to be demolished, but where lies the opportunity? According to Xiao Chao, Zhang Ge, and Allen, the opportunity is right in front of you. This video explores a new real estate project in Xinshan and the potential it holds.
The Location: A Place of Commemoration
The address chosen for this video location holds a special commemorative value. It's at Plaza Sentosa, a familiar place to young people in Singapore from the 80s and 90s. This area was a hub for entertainment and gatherings, especially on Fridays and Saturdays, with convenient access to food, drinks, and various shops.
Liu Tiansheng: The King of Steel and Developer
The speaker highlights Liu Tiansheng, the owner of Plaza Sentosa and a prominent figure in Malaysia. He's known as the "King of Steel" and has diverse business interests. He acquired the building in the 80s and 90s, and this new project marks his first venture in Xinshan, including XCME.
The Project: A Demolished Mall Reborn
The video focuses on a project where an old mall, Plaza Sentosa, will be demolished and rebuilt into a new housing development with permanent land status. The location will also feature a shopping area downstairs similar to XMCAQ, with two floors of shops.
Pricing and Availability
The starting price for a unit is around RM400,000 - RM500,000, more affordable than comparable properties in Singapore. However, initial demand is high, and registering now might not guarantee a spot in the first wave of buyers. The project targets semi-retired Singaporeans, who may find the convenient location and amenities appealing.
Reasons for Limited Promotion
The speakers explore why this project isn't being heavily promoted, citing two main reasons:
- Low Commission: The commission offered to agents is relatively small.
- Information Gap: Fewer Kuala Lumpur-based teams are involved in Xinshan projects, leading to less readily available information.
Stories from the Ground
The video includes anecdotes from locals who express interest in the project. A local shop owner even requested assistance in securing a unit, highlighting the demand from within the community. This sentiment emphasizes the potential of the project and its appeal to residents.
Exynos IQ and Other Recommendations
Beyond the primary project, the speakers also mention other real estate opportunities in Xinshan, specifically Exynos IQ.
Welfare Building Analysis
The video also discusses "welfare" buildings, offering an analysis across different phases.
-
First Period: There were concerns regarding quality issues like water leakage.
-
Second Period: There was some improvement in quality. Also, prices increased, and units were often resold.
-
Third Period: The prices were the most affordable.
The speakers emphasize that although access to RTS (Rapid Transit System) may not be within walking distance, the developers have addressed this by providing a shuttle bus service.
Xinshan vs. Kuala Lumpur and Penang
The presenters compare Xinshan's real estate market to those of Kuala Lumpur and Penang. They claim Kuala Lumpur is a buyer's market with high potential rental yields, but it requires careful navigation to avoid "pitfalls." Penang, on the other hand, is suggested as a good place to live, but may not provide the best income returns. Rental yields are also stated to depend on location within the area.
Understanding Xinshan's Market
The speakers emphasize that Xinshan's rental market differs from Kuala Lumpur's. Proximity to the RTS leads to higher rent returns in Xinshan.
The Appeal of Xinshan
The speakers share their experiences and why they value Xinshan:
-
Easier to connect with customers: Xiao Chao finds it easier to meet clients in Xinshan.
-
Quality of Life: They see Xinshan as a developing area with a high demand for food and services, offering opportunities for entrepreneurs and a good quality of life.
-
Convenience: The presence of the RTS and ART makes travel convenient, especially for Singaporeans.
Closing Thoughts
The video concludes with a call to action, encouraging viewers interested in Liu Tiansheng's project or exploring Xinshan's real estate market to contact Xiao Chao. The speakers emphasize the unique opportunity presented by the project and the potential for growth and investment in the region.
{# 
{# 
{# 
{# 
{#