QUOTE(lowyat888 @ Jan 22 2010, 03:54 PM)
buyer keep jacking up the price also good for the area and boost up the price there
i think the condo there is more expensive than those double storey house there
living in condo actually is more expensive than house bcos of the monthly maintenance+ sinking fee and extra insurance. alot of hidden cost behind. for rental ok not for staying. very high maintenance cost per year
for rental is totally out for that area bcos double storey house is rental rm1500k only
double storey house ownly rent for RM1500 amonth for size of 24*75 house and alot of space for parking yr car compare to condo only 1 or 2 car park per condo.
how much can condo rent if really want to rent? can cover loan interest? not expatriate area. can the rental be match against klcc condo? but the price purchase almost the same as klcc condo if compare
alot only pay loan interest but not the principal. the only gainer will be the bank, the longer the better. in time to come to payup the loan ,the condo will be triple the among purchase
buying 3 condos must be very loaded. their salary must be almost 50k amonth. incometax will eyeing on them soon. REALLY HAVE TO BECAREFUL AT THE BLR REVISE. when it reach 6% then will feel the pain.
even 500k loan salary must at least above 10k
Big Mistake Property Investors Make
Some people can jump in the property game, buy an apartment, rent it out to the first viewer, and then says: “HEY! This stuff is easy, how come not everyone is doing it.
It is true. Property investment is quite an easy process to get into, and many starters even with the least amount of homework can land a decent piece of property and generate both rental return as well as a healthy book value increase over the following few years.
However, the differentiation between racking multi-million dollar fortunes in any market, and those who fall by the side in frustration at market conditions/falling yields/rising maintenance/panicking over bank payments not being met, happens on the middle laps of this stamina race.
Property investment is like Le Mans 24 hour circuit, not a quarter mile drag. You won’t get rich by pulling a good gear change. Alternatively, if you are on a circuit and gaining half a second per lap on your competition, and the car is setup to withstand the long journey, with your team prepared with necessary spare parts and enough fuel, then the game is set from the beginning and you will cruise to take your checkered flag in confidence.
Every Products has it's own target market, same for property. To some, monthly maintenance is not an issue, Security is.
Lowyat888, I think you got the profile of the buyers here all wrong. Firstly, they don't buy to rent out, they buy to stay. Secondly, these group of people have the financial means to pay even by cash. I doubt many will loan substantially. Fluctuation of BLR won't affect them much. I am also very sure they are not that stupid to buy millions of ringgit properties if they can't substantiate their income. If I were to buy, I will make sure I can at least pay 50% cash.
Yes, property investment is not everybody games but it's for the rich. That is why the rich get richer!!!!
Added on January 25, 2010, 9:21 am
QUOTE(sonycamera @ Jan 23 2010, 09:53 AM)
If I could contribute somethings......
The valuation of a condo depends a lot of factors, of course location is important but it is not the sole factor.
some key factors (not in particular order depends on purchasers' priority) include:
1. Development concept (lifestyle living) which I think SDB has done quite well for 5 Stones
2. Developer's reputation, brand and track record. I believe SDB has his followers, particulaly product quality and after sale supports
3. Property management, I was told SDB has competent team in this area, I suppose thru their experience from Park Seven, Maya hotel........ Hope the same standard will continue after residents take over
4. Profile of owners - if most of the units in 5 Stones are family and self occupied, chance are the condo will be better maintained. I am sure if purchasers have paid over rm1 mil, surely they would like to maintain and protect their investment.
I am sure there are other more factors beside Location. I did hear before that even among condo within MK, there are discrepancy in valuation. More likely than not I observe the valuation is to certain extent a function of the reputation and track record of the developer....
Hope it makes sense.
Added on January 24, 2010, 6:22 pm
Any forumer dropped by for the launch this weekend?
Appreciate some sale response on the remaining Block E.
Look like you have fallen in love with 5 stones
I don't know about u but for myself, sometimes many of my decisions are driven by emotion. If I like it, I will just buy it. The value lies in one self. Don't think too much.
Grab one while there are still some nice units. This post has been edited by tpleong: Jan 25 2010, 09:25 AM