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TSspacegalaxy2468
post Aug 17 2009, 12:32 PM, updated 16y ago

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Hi all, me and my bf planning to buy a condo/apartment for investment.

We are looking at below property:
1) Casa subang block b - selling at RM260K (1062 sqft)
Rental expected : RM1500 - RM1700
maintenance fee : about RM0.15 per sqft
Rent to student

2)Mentari court apartment - selling at RM125K (772 sqft)
Rental expected : RM750 - RM900
maintenance fee : about RM70 - RM75
Rent to student

Can anyone advise which is best for investment?
TSspacegalaxy2468
post Aug 18 2009, 09:56 AM

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would appreciate if anyone can advise whether both property above is good for investment? This is my first time to buy a property.

Thanks in advance



This post has been edited by spacegalaxy2468: Jun 22 2010, 11:20 PM
babana
post Aug 18 2009, 10:51 AM

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well spacegalaxy, considering only the 2 investments as stated below, my analysis is as follows:

1. Casa Subang

Price: RM260k
Loan (assuming 90% MOF): RM234k
Mthly repayments: approx RM1050+, assuming 30 yr loan @ BLR - 2.0
Maintenance fee: approx RM160
Average rent expected: RM1600

Net cash inflow: RM450+
% of returns from capital = > 20%


2. Mentari Courts

Price: RM125k
Loan (assuming 90% MOF): RM112,500
Mthly repayments: approx RM500+, assuming 30 yr loan @ BLR - 2.0
Maintenance fee: RM70 - RM75
Average rent expected: RM800+

Net cash inflow: RM200+
% of returns from capital = < 20%


Casa Subang seems to provide better ROI from the basic calculations above. however, do note the sprouting condos all around the area....and being one of the older ones, i dun think this level of rent will last long for Casa Subang. also, i think the price is pretty saturated already and unlikely to rise further. same goes to mentari courts, which will compete with the newly completed suriamas sunway apartments next to it.

besides, renting it out to students will definitely incur higher maintenance to ur unit as well compared to families. and most importantly, i do not advocate sharing properties with frens / bf / gf, etc...alot of problems might arise should there be a fallout. do take all these into account before moving ahead with your purchase and wishing u all the best smile.gif

This post has been edited by babana: Aug 18 2009, 10:52 AM
Pai
post Aug 18 2009, 11:17 AM

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if looking at numbers alone, I'll go for 2 bijik of mentari court.....less risk and competition.

TSspacegalaxy2468
post Aug 18 2009, 11:56 AM

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QUOTE(babana @ Aug 18 2009, 10:51 AM)
well spacegalaxy, considering only the 2 investments as stated below, my analysis is as follows:

1. Casa Subang

Price: RM260k
Loan (assuming 90% MOF): RM234k
Mthly repayments: approx RM1050+, assuming 30 yr loan @ BLR - 2.0
Maintenance fee: approx RM160
Average rent expected: RM1600

Net cash inflow: RM450+
% of returns from capital = > 20%
2. Mentari Courts

Price: RM125k
Loan (assuming 90% MOF): RM112,500
Mthly repayments: approx RM500+, assuming 30 yr loan @ BLR - 2.0
Maintenance fee: RM70 - RM75
Average rent expected: RM800+

Net cash inflow: RM200+
% of returns from capital = < 20%
Casa Subang seems to provide better ROI from the basic calculations above. however, do note the sprouting condos all around the area....and being one of the older ones, i dun think this level of rent will last long for Casa Subang. also, i think the price is pretty saturated already and unlikely to rise further. same goes to mentari courts, which will compete with the newly completed suriamas sunway apartments next to it.

besides, renting it out to students will definitely incur higher maintenance to ur unit as well compared to families. and most importantly, i do not advocate sharing properties with frens / bf / gf, etc...alot of problems might arise should there be a fallout. do take all these into account before moving ahead with your purchase and wishing u all the best  smile.gif
*
Thanks and apprecaite your feedback. Based on your given numbers, I would like to go for mentari court also which give less risk. Actually we are planning to buy new launch property/auction property, but due to inconvenience for us to travel from singapore to malaysia, we can only purchase those resale unit and this is first time to invest in property, so we like to find a less risk property to gain experience. Hope more sifu can advise and feedback.


QUOTE(Pai @ Aug 18 2009, 11:17 AM)
if looking at numbers alone, I'll go for 2 bijik of mentari court.....less risk and competition.
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agree with you!! wink.gif Besides, mentari court is near to setia jaya lrt and taylor which i think the location is better than casa subang.

This post has been edited by spacegalaxy2468: Aug 18 2009, 11:59 AM

 

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