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trying to reach RM450k for a terrace house..., realistic?
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gark
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 Jan 14 2010, 05:03 PM
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QUOTE(powerfulcool @ Jan 14 2010, 03:53 PM) yeah i was contemplating about getting an agent, but for the time being id like to know the market price too.. btw how much cut will an agent take? Got a property around that area, current rental is about RM 900 - RM 1,000 per month unfurnished. If you sell at RM 450,000, then the rental yield is only about 2.6%, which is way too low. So I think that if the person buying the house knows how to evaluate the property properly, they might decline at RM 450K as they are better yields available around there. |
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gark
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Jan 14 2010, 09:34 PM
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QUOTE(T816B @ Jan 14 2010, 07:14 PM) Not all properties are purchase for rental purpose. It can be own stay, or for longer term capital appreciation. True, you might purchase the property for your own stay, however yield is the standard calculation to check on your return on investment. If you have a figure of 2.6%, then your ROI will be 37.5 years, IMHO is a very long time to mstay in the house to redeem the purchase price. Also if you have bought a house with low yield means that you have over payed for the property and capital appreciation will either be slow or stunted until market price meets your property purchase price. This post has been edited by gark: Jan 14 2010, 09:36 PM |
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