My concern is who is paying the disbursement fee , Legal and Stamp Duty for the new S&P
I am definitely not paying that!!
Added on August 23, 2010, 12:56 pmQUOTE(tishaban @ Aug 22 2010, 10:09 PM)
I was one of the people who lined up during the earlier Kinrara launches. My original aim was to buy for my own stay but I got caught up in the BBB fever so it's mostly for investment now. Those were the sub 500k terrace house days and I spent a good deal of money, hired people to line up for me, paid well into the 4-digits for it. Appreciation is close to 40% already so it was worth the money and effort.
I have been hovering around the Kinrara Residence sales office for the past few days but finally decided to skip this one, leasehold and a much higher entry price turned me off. I don't think I can afford to hold on to a 700k property for longer than 1 year and with leasehold, non G&G, very basic design and that apartment looming, it's not so attractive for my own stay either.
At 700k I expect this one to go for maybe 800-850k at key handover assuming the market is similar to today. Let's say 80k initial investment, and 120k gross return in 2 years, that's still around 20+% per year which is excellent.
Still plenty of places to line up for if anyone's interested, no other freehold Kinrara launches in the future, everything's done.
Hi, I have this question in my mind for a while now regarding the subsales for I&P's projects.
Do you actually managed to sell a 500k house for 650-700k? I understand a lot of investors are holding to it but they have NOT actually manage a sales. Don't get me wrong because initially I bought this place to stay but if the return is THAT good then I might consider selling it so I need input from property investor like you
This post has been edited by mrkenjiro: Aug 23 2010, 04:57 PM