Vista Price is low coz the condo is lousy
Maint not good, upkeeping not good and workmanship not good
a lot of unit is leaking......
the onli good think is the rental can cover ur bank loan coz of IMU. one fully furnish unit can go for RM 1500 (c/w ac, fridge, tv, and all.... just move in all ur 2nd hand furniture)
so u can invest for rental yield but NOT for capital appreciation.
For rental yield, u hv to pray that IMU will not move out.
if u aim for capital appreciation forget about VC.
for a basic unit 12xx sq ft the developer price ~15 years ago is
Vista A -- RM 230k
Vista B -- RM 260k
Vista C -- RM 290k
now secondary market all go for ~200k, pls dun be trick for the old furniture, old AC. Pls think rationally, are u going to pay 20k for all these antics ?
and they are doing repainting now, but pls remember repainting will NOT increase the property value. it onli make it more appealling. Just think rationally, can u just paint ur old hse and increase the price by 30k ? or repaint ur old proton wira and increase the price by 10k ??
So u get ur bullet, go and bargain a good deal.
Vista Komanwel
Jan 10 2010, 01:12 PM
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