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> Unipark Avenue Condominium, Worth to Invest? (Investment)

Putraskyline
post May 3 2009, 11:16 AM


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I came across their showroom and notice the strategic location between KLIUC and also Uniten. But I didnt aware of this developer before. Whats your opinion?

http://www.unipark.com.my/index.html
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gilabola
post May 3 2009, 12:09 PM


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What's the price psf ?

Leasehold or freehold?
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Putraskyline
post May 3 2009, 12:37 PM


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QUOTE(gilabola @ May 3 2009, 12:09 PM)
What's the price psf ?

Leasehold or freehold?
*
From what the agent told me it range from a 1,062sq ft threebedroom to a 1,252sq ft four-bedroom unit. Prices for about 245K onwards.
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gilabola
post May 3 2009, 12:40 PM


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That works out to about RM 240 psf

What is the potential rental?
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Putraskyline
post May 3 2009, 12:41 PM


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QUOTE(gilabola @ May 3 2009, 12:40 PM)
That works out to about RM 240 psf

What is the potential rental?
*
From 1.3k onwards and fully furnish are able to get 1.8k
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gilabola
post May 3 2009, 01:09 PM


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Assuming RM 100 in maintenance, the unfurnished rental yield is only about 5.8%. Not very good...

This post has been edited by gilabola: May 3 2009, 01:10 PM
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eugene jk
post May 3 2009, 02:50 PM


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Agree with gilabola, rental yeild not that great, IMHO, capital appreciation wont be that great as well as I think it mainly cater for student market, and probably government institution and other corporate training centers around. Amenities not tat great as it is in the middle of SKVE. no near by township (nearest will be BBB, serdang, putrajaya and kajang) or any major commercial hub (closest will be BBB but saperated with NS highway).. But you can expect to get a steady stream of rental income as student market is quite resilient..

Good thing about this location is good road network to serdang, kajang, putrajaya, cyberjaya, BBB and puchong.

IMHO, RM240 per sqft is very high for this location and with so-so layout plus unknown developer. The price tag is even more expensive than the condos in puchong area

http://projects.realestate.net.my/Detailed/4.html

Project is at near completion stage now..
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Josep86
post Aug 14 2010, 09:01 PM


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now already completed, rm1200 no furniture,rm1500 with furniture
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