Desiran Bayu, Sri Rampai

Saw a banner at the traffic junction on Desarina Bayu in Sri Rampai.

It is a pretty high-end development for 3-storey terrace houses starting from about RM1.6 million up to RM2.5 million.

The interesting / good thing is that it is a Build-then-Sell project; hence absolutely no risk of the project being abandoned.

Only 70 units, so it must be a fairly small area.

Location wise is where it starts to get a bit unstuck.

It is adjacent to the Sri Rampai Business Park - which is quite a decent place, still new and has some decent Chinese eateries and a large car park area although that doesn't help if you are going to the shops on the other end of the centre.

The problem is, unfortunately, Sri Rampai as a whole. It is a rather densely populated garden that has a working class population. Next to it is Kampung Rejang, an even more populated area that is distinctly down at heel... during the election, a friend of mine who was volunteering there was shocked. OK, admittedly, he is from an aristocratic family (can't say which state though, secret). He was like, OMG this is a slum!

So back to Desiran Bayu - which piqued my interest because I was wondering if it was a good buy or not.

I'm quite torn between yes and no. The fact that it is fully built before being put on sale is totally appealing but the neighbourhood around it will probably mean that the value may not go up as much.

Another negative factor is that the "cheaper" model has a land size of 20 x 85, while very long, is rather too narrow. For the price of RM1.6 million, at the very least offer 22 ft or 24 ft length. Which you can get for the same price in Taman Melawati and even Taman Tun - not including renovations of course. In Tmn Melawati, you can get a 22 x 90 terrace for about RM900,000 - throw in a generous RM300,000 to extravagant RM500,000 to redo everything to your liking and you would have essentially a brand new house for RM1.2 to 1.4 million in a much more conducive environment - Melawati is middle-to-upper middle class.

I should make an appointment to go check Desiran Bayu out though... nonetheless, my thoughts on it so far is that it would probably appeal to original residents of Sri Rampai who have made it good and want to upgrade.

I don't see it as being a good speculative buy for short term big gain. Although I'm sure there will be buyers who will pick up units for exactly that purpose but I don't have that kind of capital, so this development is probably too rich for my blood! hahaha I'm sure can make money on it but it will take time and I don't have the stamina for it.

Alternatively, it is probably a good buy for, as I said, residents who are familiar with and like this area looking for an upgrade.

As an aside, nearby the completed semi-detached Dataran Wangsa "mini mansions" seem to be empty even though it looks like the developer had completed sometime last year.. these are posh units in a fairly decent neighbourhood. Wonder why? Actually the same goes for Casa Rimba, very high end units in Desa Melawati completed ages ago but no one seems to have moved in.

Well, that's a story for another day but suffice to say that there may be some speculative buying happening in all these posh mini-tamans and the owners can't offload them now thus leaving them empty because it was never meant to be lived in by the original purchaser.

So beware if you are thinking of flipping Desiran Bayu if even the units in posher areas are struggling to be sold.


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