Went to Neo damansara soft launched for their studio service apartments. Starting price from RM 270K onwards with 2% early bird discount and a further 5% discount on bulk buying. Location is just beside Ritze Perdana 2 and opposite MQS facing Mutiara Damansara. Details as follows:

Unit size - 421sqft - 522sqft
Price - RM 270K onwards
Downpayment- 5%
Expected rental yield - RM 1500
Maintenance Fee- RM0.35 (Damn expensive)

Do you guys think its a good investment for the 421sqft studio unit based on the below:-

5% down payment - RM13,500
RM 250k 30 year loan - repayment should be around RM 900-1000.
Added RM 150 maintenance fee per month
Total - RM 1150 v.s. rental yield of RM 1500.

What do you guys think??

Haven't count in quit rent and assessment leh.. commercial title should be more expensive... parking buy or rent?

Yep. Haven't got a clue how much the quit rent and assesment. 1 Parking lot is included.

Price is very steep... RM640 psqft...

Empire Damansara was going around RM350 psqft.. no wonder Empire was selling like Hot Cake..

With the same amount of rental.. Empire stand better chance of getting better ROI.. my 2 cents..

i think there will be alot of competition in that area.....will you be able to get people to rent that place? - will be another question

The one with better "value for $$" will win..

I can see Empire have better advantage.. if asking rental at RM1000 permonth, adi getting ROI of 6%

For NEO, asking rental price at RM1500 permonth generate ROI less than 6%

Rental price already look attractive ...

studio service apartments - who going to rent that high .. got such huge market demand ?

Yea... huge market i dun dare to say la... i would say niche market... there is always a demand for it... whether they wan to rent from you or not is a matter of "value for $$"... so have to choose wisely, not watever studio unit also hantam... tenants also very good in calculating

not only aiming for rich expat, Msian also getting along the trend of renting studio unit.. know a fren who rent studio apartment... she is a M'sian~

btw...tis is the place where domino's is located rite?

I was told empire does not have parking lot..... and all sold out already

Because its value for $$ .. even need to rent carpark

judging by the location, Neo is nearer to Curve(walking distance) and the units facing curve will have better demand. Meanwhile i think empire is cheaper but further away.

empire studio is selling unit itself only, without any carpark attached, and without any facilities. That place with no car park lot will b a problem.

Latest update neo is 55% sold. People still lapping up despite the steep prices.

Is it located at sungai buloh

One more point is that ED is not a condo and more like an apartment coz no facilities(i.e. swimming pool, gym,etc) and carpark hence cheaper

are u sure ED look like apartment. more like hotel is it

I think it's good to grab it but you still need to pay another 5% of that amount because normally bank only approve 90% as a loan.

this is commercial 20/80 margin.

lucky ones get 85%.

250k loan u will be expected to be paying 1200/m dy.

yewkhuay, how did you come up with 1200/m?
Yes BLR has increased from 5.55% to 5.80% but that only an increase of 0.25%. Simple cal would be RM 250,000 *0.25% = 625 p.a. = 52.00 pm
Currently bank's are still offering BLR -1.65% which would be around 1000++.
Bearing in mid rental for f/f studio (345 sqft) NOW is RM 1200-1400.
Further with the imminent implemetation of GST in 2011,2012 prices of apartments will go up....... whether rental or cap gains