Now I am considering whether to buy this condo...The developer offer me the price at rm195k (9XX ft2) which during launching they selling at RM240K

Pros:

Good interior design(easy to arrange furniture, nice tiles)
Near to KTM (3min walking)
The exterior of the building look quite new
The environment is vy clean

Cons:

There is chinese cementery area behind the building (the cementry is more than 200 yrs old i guess cos there is no more photo or wording on the board)

Quite expensive for a condo

I'm buying this lot as a investment...pls give advice

So far so good.

Some students and some working adults.

I am rather  shock that i managed to get  8% return based on purchases price+ some renovation  after utilities/unifi & mainatenace fees. This is even better compare with my serdang perdana apartment only get 7% return.

I was also told my one agent that the condo value have increase for that last 4 months.  Don;t know true or not.

I can see some rent potential when the Sales Tax start, Petrol price hike, More worst traffic during MRT construction stages and the imrpoving KTM services.

But provided no economy down turn.

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Added on April 27, 2012, 10:20 am
No wo.

I managed to get loan 216K ( Rm240 x90%)  for all 4 units.

& that was Dec 2011 leah?

Where did you get the info ah? & the value of the condo have go up leah. According to one agent la.

I just check the iproperty. seem like some increase in value ah

I am actually hoping property price will drop further. I am considering buying some more for renting out.

This place is  not ok only for own stay. But renting out look ok wo. So appreciation is not great.

But look at this :
My wife have done something call weigthed average of this condo , data from iproperty.

The value from oct 11, Nov drop, Dec drop and up again from Jan to April. ( Maybe you can do the same with May 2012 later to double check with my wife computation)
Weighted Average per unit.
 
  With Auction  W/O Auction unit
Oct  178.51    185.22
Nov  164.20    175.22
Dec  161.14    170.15
Jan  166.20    176.28
Feb  191.27    201.44
March  208.25    219.54
April  221.05    232.39

All sold habis, so sure is subsale la.

KTM is always slow & not punctual. Now some launching even use free shuttle bus as selling point 

Agreed that KTM services is very bad.

That's way this condo is still below bank valuation.

But I see it the other way. In my opinion , The KTM worst cycle is late2011 and early 2012 and look like it won't back to history given the fact that govt

1) is setting up body like pasarana and we the people push for better public transport
2) and the govt seem realised this pressure from rakyat. good public transaportation
3) KTM will have this intergrate ticketing with lrt, monorail within this year
4) group of population student/ office worker just have no option. The KTM is cheap and reasonable services for them.

If the KTM can achieved target of 10min schedule as plan in July onward. Imaging the value of those aprtment beside KTM? will still undervalue?

I am investing in this condo is for rental. It  is what those poor student / working adult need. Good location, Easy to get transport, cheap/ affortable for them, reasonable safe and etc.

More and more people have no choice. with heavy traffic, price petrol up up, property up up, tol every where, parking up up and more things up when the govt sales tax started. Just take a ride with KTM to Mid Valley the next time you go. Don't drive. You will see many people are using KTM actually. So "does anyone used KTM before ? " Actually more and more people using KTM la.

As all my investment is less than 1 km from KTM station and mostly invest in medium cost aprtment. I have done lots of study before buying each one. Example some newspaper  April 2010/ April 2011 & April 2012 to show you how details my study cover.
April 2012
19 /4/2012 - SPAD IRONING OUT KOMUTER ISSUES
18/4/2012 - KTMB SASAR TREN MY KOMUTER SETIPA 10 MINUTES JUNE2012 - BERITA HARIAN PAG 18
10/4/2012 - END OF THE LINE AT KTM FOR DR AMINUDDIN , NST PAG 1

APRIL 2011
BETTER DAY AHEADFOR KOMUTER SER , THE STAR PG 2, 29 APRIL 2011
KTM KLE SUNGAI GADUT MEI 2011.
BINA PETAK PARKING BERTINGKAT 3 APRIL

APRIL 2010
WORRY FREE TRAIN TRAVEL FOR WOMEN -APRIL 2010 NST PG 6
28.04.2010- NO SURPRISE WHY KTM LOSING MONEY NST PA18
15.4.2010 GROUP AGIANST DECISION TO HAND OVER KTM BUILDING TO PRIVATE SECTOR THE STAR PA 30
You got to see what is your investment target, I could be silly for you. My invetment so far so good until now and  you got to do your home work and your sily might not be my sily.

I have collected 5 years newspaper as my study as provent. I would like to highlight , I am not the type of saying what I want here.

I was at the Bersih 3.0 also. The train is so pack. The aircon is not cool.  But it does bring me to  Kuala Lumpur station and join the bersih3.0.

So does some people that I meet all the way from Seremban.  Imaging if everyone using KTM, sure u sare shouting OMG bad services la.

Like you have said " cakap saja senang bila mahu buat apa pon tak ada.....kerana Malaysia BOLEH !" changed the govt is what we should be doing.

Oh.................

Don't worry. Property will rise but your Income will rise faster with new opposition.

Ok,

I got to stop after posting this. Pls do some fact finding before posting.

Look at Singapore. Higher salary , all foreign companies run away? Penang is copying what Singapore is doing la.

I am an uncle that at retired ages with spm qualification. I can think of such simple economy theory

sigh....freind ..read more.

One good website is www.economist.com