Have your heard about the rumours that Taylor’s University is going to open a new campus in Mutiara Damansara or another lakeside campus near to the Flora Damansara apartment in Damansara Perdana?
If you are interested to invest property in Damansara Perdana or Mutiara Damansara, perhaps you might interested to clarify the rumours, too.
Oversupply is one of the major concerns there; thousands of newly completed and upcoming units consisting varies type of SoHo, Serviced Apartment and Studio apartment. e.g. Damansara City, Empire Damansara, Neo Damansara, Ritze Perdana 2, Metropolitan Square, Reflection Residence, just to name a few of the mushrooming projects there.
However, in the long run I am still optimistic for property markets there. Supply and demand issues will be balanced up eventually, slowly but surely. It is just matter of time. Hence, your holding power play a very important part in your risk management due to current market uncertainties.
If the rumors become true, congrats to the rental property owners!
Anyone would like to clarify on this? Welcome!
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