Hi all experts,

I just bought a condo, Casa Desa @ Taman Desa RM364k at 1,355s.f for investment purpose... Any comment? Appreciate if all si fu can give some suggestion or comment Arigator~ Thank you

You have to list down more than that for ppl to comment.
I.e. what investment you're looking at.
If rental, what's your expected rental price vs your housing loan monthly repayment etc..

What is the maintenance fee for this unit??

How much rental are you expecting?? Non-furnish or full-furnish??

chances are u will be bleeding cash every month, if u take your maintenance fees into account,

but i'll wait for your answer on the projected rental.

Not sifu here, but tmn desa iz a desirable address, associated wit high end residences & easy access to pj/kl therefore easy to get tenants.

On the other hand, has it been handed over ? Frm outside it looks quite plain. <Got fotos of hse interior ?> Though it ought to b easy to rent out, depends on ur target rental & furnishing std too. Walking distance to psr mlm is a good as well as bad point.

If u break down the rental into room basis, can increase yr rental yield. How many rooms ? Which floor ? What view frm balcony ?

I still think buying a shop lot is better than investing in condo. Just my thought.

Even developer still has units for sale & with discount ..........u think about it

Well, im still waiting for to sign the S&P.. if the vendor suddenly dun wan sell then will be very dissapointed.. hopefully can sign it within this week

1. i plan to rent it out
2. this is 11th floor, facing north and the maintenence fee is rm0.22 psf so mean tat is around rm300 per month.. still ok
3. expect rm2k-2.5k for monthly rental
4. I will partially reno and furnis.... air-cond, kitchen cabinet, heater, plaster ceiling

Mr. Potato: pasar malam is move to another side, is near desa water park..

ronaldo: boh lui to buy shop lot leh...

tpleong: they only left those units which is 19xxsf and 2xxxs.f from developer..normally investor wont buy so big size 1... tenant too...

your monthly outflow should be about 1,850 per month (Installment + Maintenance).

please correct me if i'm wrong. Not too familiar with the rental there - but u had better gun for rental of at least 2,500 to make your investment worthwhile.

if u only rent out at 2,000 per month for example - your COCR is a very mediocre 5%. This does not even factor in your cost of furnishing the unit yet.

good luck

If u got extra $ and want to park it in the form of this condo, that'll be your prerogative. If rented out, it'll help to cover the monthly instalments. If not rented out, make sure u hv no problem to service the loan.

Location wise, I think it's not difficult to let out in that area

Congrats if u manage to purchase, but seriously the price nothing 'special'.

For me, I will never buy a property from the secondary market IF the developer still has units for sale. It shows the desirability of the project as a whole. I won't buy a property that is hard to sell especially if it is for investment.

As to whether u can rent it out, only time can tell. It always cross my mind as to why the owner wanted to sell if he can rent it out & cover his installment , & sell it later when the property market recovered.

Just my opinion .......no hard feeling.

This post has been edited by tpleong: Jun 26 2009, 04:41 PM

actually i'm interested with this project but when i calculate for rm260 per sf, i found it's too expensive... and, the maintenance is 300 i may turn around and choose USJ1 instead...

---

Added on June 26, 2009, 8:37 pmactually i'm interested with this project but when i calculate for rm260 per sf, i found it's too expensive... and, the maintenance is 300 i may turn around and choose USJ1 instead...

This post has been edited by alexis_wll: Jun 26 2009, 08:37 PM

last time went to faber tower to see the show unit.....was interested in one unit....but since the saleperson mcm xnak jual ajer....i got pissed of, so I walked away

now, sadly i don't think they will be any change or space of any more medium cost condo's in tmn desa