QUOTE(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.
Good analysis. Thank U.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.
Seem like a risky option to invest
Aug 22 2010, 10:50 PM

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