Aug 19 2010, 04:05 PM
QUOTE(mjtcc @ Aug 19 2010, 03:50 PM)
Hi All,
Wanna get advices and opinions from you guys...
there is a 750 sq ft one-room apartment selling for 280k (do you think it is over priced?)... and the rental is around 1500 per month, the maintanance fee is 21 cents per sq ft, so is around Rm150....
do you think it is a good investment? Riana Green is more than 10 years old and do you think the price will appreciate some more?
for those who know Riana Green Tropicana well, hows the environment and the maintainance? is the surroundings good? if it is not good, i think it wont appreciate much from now....
At RM1500 rental and purchase price of RM280KWanna get advices and opinions from you guys...
there is a 750 sq ft one-room apartment selling for 280k (do you think it is over priced?)... and the rental is around 1500 per month, the maintanance fee is 21 cents per sq ft, so is around Rm150....
do you think it is a good investment? Riana Green is more than 10 years old and do you think the price will appreciate some more?
for those who know Riana Green Tropicana well, hows the environment and the maintainance? is the surroundings good? if it is not good, i think it wont appreciate much from now....
How much is the maintanance fees? Let say 15 cents per sqft, the maintainance fees would be around 112.5.
The yield would be ((1500-112.5)x12/280000)X100% = 6%
There are many more properties that could offer you this yield and the building is less than 10 years.
However, should you like the design so much then it would be totally a different question.
Or unless you anticipate a growth in future due to some reason.
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