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Financial How much should we sell our apartment?
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gark
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 Jun 18 2010, 04:23 PM
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QUOTE(Pai @ Jun 18 2010, 10:00 AM) I would sell it at a price that will give the buyers a gross yield of 6%.........  If it is a lower cost walk up apartment/flat, I think you will need to give a higher yield because the capital appreciation will be low. If it a decent medium/higher cost apartments, then 6% will be fine. Personally, 6% gross yield is a still a bit low for me, as after net all expenses the returns will be just be slightly higher than long term FD.  Can only 'cari makan' with the capital appreciation. This post has been edited by gark: Jun 18 2010, 05:03 PM |
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gark
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Jun 19 2010, 10:10 AM
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QUOTE(Pai @ Jun 19 2010, 12:47 AM) u r rite but you are looking from a buyer's perspective ........ Im looking at the sellers side........... no point settling for lower profits when the property is a decent one? I recenntly put up an adv to flip a property n u'll be surprised at how many "investors" willing to take up the unit even at below 6% yield...... its a sellers market so we shouldnt short sell........ Yeah, now property is having quite high demand no matter in which corner of klang valley and also at very very low yields. Later when they found out that there are not enough tenants available, or the location they buy will not have anymore capital appreaciation then they will be brought back from cloud 9. Wonder how long can this demand last?  This post has been edited by gark: Jun 19 2010, 10:11 AM |
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