1st time user. What does park mean? And how do I follow this post?

Hi all, does anyone know has the rooftop garden for the elements completed? Also, if the free shuttle bus service to KLCC, Jalan Ampang, Pavilion and Jalan Bukit Bintang is there as per advertised on PropertyGuru.

Thanks guys.

Hi Askar Perang, do you know if I can go to auction with bank cheque under my parents' name. Upon successful bidding, get a bank loan under my parents' name, but put the S&P under my name. I know buying directly from developer allows it. Unsure about auction.

I am at overseas, so wont be able to get a loan under my own name as I dont have income in Malaysia.

Have the management fixed the leaking issue?
Does the common area still look like the image attached?


Attached thumbnail(s)

What do you think about the management? Anything that you dislike about the elements?

Is it worth buying though? Cause the unit is badly damaged (removing the external balcony area, it is still selling at 592k/1432sf = 414 sf for a badly damaged unit)

Assuming 50k for repair and renovation, it is selling at 448 psf for a low unit that is susceptible to noise from the pool.

Thanks senpai, I can wait. Another 1.5 years also no problem. Not in a rush

Now fully furnished asking only 600k, might even go lower after negotiation. RIP FOMO bidders

Oh you are right, my bad. I didnt check properly. The ones I checked were 1400ish. But psf wise still similar to the unit bid at 636k (the one at 607k had defects).

https://www.propertyguru.com.my/property-li...nn-tan-32648440
https://www.propertyguru.com.my/property-li...cheong-32533680

But dont compare fully furnished (incur additional cost, mess up rental yield calcs as different people will have different furnishing fee), compare partially furnished unit, current net rental yield is about 3.27% for the 1400ish units and the unit bidded at 636k (psf wise)



This post has been edited by HereToLearn: Apr 27 2021, 05:37 PM

Yes your argument is fair.
But in the market, USUALLY the lowest ones get the deal 1st (to minimize untenanted period). So I always use the lowest rent and lowest selling price for rental yield calcs. Also, I was comparing unfurnished sale to unfurnished rent

And yes, renting out unfurnished in this market seems like a bad idea. This one i partially agree - depending on how one furnishes the unit. If one chooses to beef up the unit a damn lot but only to increase the rent by a little, then it might further reduce the rental yield

With the rental yield he is getting, I doubt it is a good investment.
The 3 bidders must be very optimistic that the rental rate will go up. But who knows, they might be own stay buyers

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

https://forum.lowyat.net/index.php?showtopi...post&p=99063702

I did the calcs with leveraged money (with 5% stock return and 4% rental yield).

If you are interested to compare with this particular bond, you can repeat the calcs with 4.1% bond yield and 3.27% rental yield.