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 How to get started to invest in property?

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Dyong
post Jul 16 2009, 11:15 PM

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QUOTE(Backkom @ Jul 16 2009, 05:44 PM)
Mostly working in singapore or pasir gudang  smile.gif
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A possible dilution when the new bunch of Service Apartment completes in 3 years time.
Mayland Austin/ Plenitude/ Auntin Heights etc...


Dyong
post Aug 26 2009, 09:21 PM

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QUOTE(Backkom @ Aug 24 2009, 03:58 PM)
Me no expert!  sweat.gif

It depends on many factors:
1. Economy recession/recovery - people working in Singapore/Pasir Gudang/Nusajaya (lots of non-JB, or even expats with relatively higher paying jobs)
2. The upkeep of Prima Regency - confidence on the security and maintenance
3. Phasing of the 1800 units - if all of them are released into the market within narrow time frame...

Some known factors:
1. Austin is the higher end neighbourhood compared to where Prima Regency is.
2. I would prefer Jusco Tebrau over Tesco/Giant Plentong.
3. Hospital nearby.
4. Lake view units will be superb!
5. Plentong/Permas Jaya area has more matured commercial area (plus point for Prima Regency?)

Prima Regency is currently commanding RM 650-750 for basic units, RM 1000 and above for fully furnished.
So RM 800 for Palazio basic may be doable. Of course there would be people who are willing to pay more for newer and nicer units.

But 3 years from now, inflation/economic recovery may work for us, but over-supply/poor workmanship/poor maintenance may work against us.

(Will be able to tell better picture after I start living there...)
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Mate, the lake is a turn off, trust me.

Dyong
post Aug 30 2009, 02:36 AM

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Congrats for your 3rd purchase.

70% financing huh... is it because of Auction property buy or Income-Mortgage financing ratio?
Dyong
post Aug 31 2009, 10:48 PM

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Pai,

What's your view on Mayland Regalia?

 

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