Property portal shows asking rental ranges from 1500 to 2500 for furnished units of the same size.
If can rent out at the top of this range, then should be fine.
This is assuming the asking rental is reflecting real market rate.
Which tenant would want to pay at the top range when they can choose the cheapest available option? Also note that most likely the bidded unit was unfurnished. It should only be rented at unfurnished rate.
Buy a AA1 bond also gives a better yield, I just simply dont understand why would people buy properties in the current market if it is for investment purposes, unless he/she is highly confident that the rental rate is going to improve SIGNIFICANTLY, that it is worth taking the risk to buy now . Edited: Btw, the bond is sold out. Dont PM me for more info, I dont sell these products (not a banker).
This post has been edited by HereToLearn: May 21 2021, 11:03 AM
Which tenant would want to pay at the top range when they can choose the cheapest available option? Also note that most likely the bidded unit was unfurnished. It should only be rented at unfurnished rate.
Buy a AA1 bond also gives a better yield, I just simply dont understand why would people buy properties in the current market if it is for investment purposes, unless he/she is highly confident that the rental rate is going to improve SIGNIFICANTLY, that it is worth taking the risk to buy now . Edited: Btw, the bond is sold out. Dont PM me for more info, I dont sell these products (not a banker).
there are expats and company renting units for their executives. for those expats, they are given fixed amount every month. if they spend all, they live better and save nothing. if they spend minimal, they suffer but can save more while overseas. for me i normally spend all my daily allowance when abroad.
during the peak days, 850sqft fully furnished was around 2.5-3k. now all the budget tenants come, offering 1.6-1.9k.
Which tenant would want to pay at the top range when they can choose the cheapest available option? Also note that most likely the bidded unit was unfurnished. It should only be rented at unfurnished rate.
Buy a AA1 bond also gives a better yield, I just simply dont understand why would people buy properties in the current market if it is for investment purposes, unless he/she is highly confident that the rental rate is going to improve SIGNIFICANTLY, that it is worth taking the risk to buy now . Edited: Btw, the bond is sold out. Dont PM me for more info, I dont sell these products (not a banker).
Yes, is a big IF...
Anyhow, to compare property yield with bond yield should also consider with property u r likely leveraging banks money. I.e. you cant borrow money from bank at 3% interest to buy bond with 4.1% yield.
The price of the condos along jalan ampang are severely depressed right now due to oversupply.
Its not a good idea to project current rentals into the future. This is a straight road to klcc with the embassy row on one side and what used to be considered middle upper end condos on the other side.
Do note that despite the low prices in lelong, future prices of new supply will never reach as low as what is sold in the auction market here, because the cost of land and the higher quality construction cost would require a higher price point.
Which tenant would want to pay at the top range when they can choose the cheapest available option? Also note that most likely the bidded unit was unfurnished. It should only be rented at unfurnished rate.
Buy a AA1 bond also gives a better yield, I just simply dont understand why would people buy properties in the current market if it is for investment purposes, unless he/she is highly confident that the rental rate is going to improve SIGNIFICANTLY, that it is worth taking the risk to buy now . Edited: Btw, the bond is sold out. Dont PM me for more info, I dont sell these products (not a banker).
Indicative only. The best bond at guaranteed return is usually issued by government.
price going south as investor not only looking at one particular condo here, but plenty nearby condo as well especially those recently VP one... this part of jalan ampang is a bit off...
A lot of housing price is dropping now. and population in Malaysia is not increasing as much as last time. Aging population is increasing also. I wonder if residential property's price will go up in long term as the supply will surpass demand in long term.
A lot of housing price is dropping now. and population in Malaysia is not increasing as much as last time. Aging population is increasing also. I wonder if residential property's price will go up in long term as the supply will surpass demand in long term.
A lot of housing price is dropping now. and population in Malaysia is not increasing as much as last time. Aging population is increasing also. I wonder if residential property's price will go up in long term as the supply will surpass demand in long term.
May 21 2021, 10:58 AM
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