Welcome Guest ( Log In | Register )

Bump Topic Topic Closed RSS Feed

Outline · [ Standard ] · Linear+

 1120 Park Avenue - PJ South, any comments?

views
     
moonh
post Jan 25 2010, 10:43 PM

Getting Started
**
Junior Member
166 posts

Joined: Jul 2009
QUOTE(bornYesterday @ Jan 25 2010, 10:31 PM)
i suppose tht's a wise advice abgcorp.

actually i almost buy 1120 1st phase. but after reading comments that shows some negative characters in many posts in a few forums, i decide not to, and didnt even bother on phase 2. as one housing advert says it, you're not buying a house, you're buying into neighbourhood. although i'm sure majority of the buyers and would-be resident of 1120 should be of 1malaysia quality  smile.gif but the minority that concerns me. i wonder how many would-be buyers have been put off like me? and food for thoughts for the buyers of 1120- how many would-be renters and sub-sale buyers would be put off by what he or she would read in the forums that discuss 1120 a few years down the road? wht's ur opinion? can such posts reduce the rentability of an apartment/condo?

feel free to disagree.
*
I have the same feeling as well, BY.
Knew about this project from one forum on 19th Nov’09, and really interested on this property. Called the developer straight away on that day itself and register.
http://www.bicarajutawan.com/forum/thread1...html#post391783

After about 3 weeks thinking & surveying (b4 10 Dec-launch day), I decided not to book because of my unfamiliarity with the place.

Still unsure about my decision though. But surely I don’t want narrow-minded neighbours. smile.gif

moonh
post Jan 26 2010, 03:57 PM

Getting Started
**
Junior Member
166 posts

Joined: Jul 2009
QUOTE(Be Honest @ Jan 26 2010, 12:16 AM)
Another jeolous fella who fail to buy phrase 1 now pretend like dont want to buy. shame you


Added on January 25, 2010, 11:26 pm
Ok, maybe I’m jealous. Or maybe I don’t know how to get good yield (10%) for this property.

Calculation time:
Let say I got the cheapest one that is at RM162k. Rental I assume to be RM1200 p/month in 3yrs' time. Maintenance & assessment fee at RM200 p/month.
= (1200-200)x12 = 12000
= 12000/162000 = 7.4%

If increase the rental to RM1400, i can get 8.8%
If increase the rental to RM1600, i can get 10.3% (Yeay!!)

This is based on the cheapest unit, future highly-inflated rental, low fees and excluding any fees & renovation costs.

Can anybody help me to reach 10% yield? smile.gif

This post has been edited by moonh: Jan 26 2010, 03:58 PM
moonh
post May 14 2010, 07:10 AM

Getting Started
**
Junior Member
166 posts

Joined: Jul 2009
is there a low-cost flat project by Peters around that area? my info said it's Petaling Utama Block E. got 276 units.
moonh
post Sep 23 2010, 12:15 PM

Getting Started
**
Junior Member
166 posts

Joined: Jul 2009
http://ehome.kpkt.gov.my/ehome/DetailProje...Projek=PETALING UTAMA BLOK E

got low cost flats there?

Topic ClosedOptions
 

Change to:
| Lo-Fi Version
0.3421sec    0.63    7 queries    GZIP Disabled
Time is now: 14th December 2025 - 12:59 AM