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 mentari court, wise for an investment?

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SUSendau02
post Oct 28 2010, 12:02 PM, updated 16y ago

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i ve scouted for some lot in mentari court n found out dat d price is from 120k to 170k. wish 2 ask d sifus ard, is it wise 2 buy 1 unit as an investment? the rental can go as low as 800/month non furnished to 1100 furnished.
WWJD
post Oct 28 2010, 12:19 PM

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QUOTE(endau02 @ Oct 28 2010, 12:02 PM)
i ve scouted for some lot in mentari court n found out dat d price is from 120k to 170k. wish 2 ask d sifus ard, is it wise 2 buy 1 unit as an investment? the rental can go as low as 800/month non furnished to 1100 furnished.
*
i've a cousin staying in Mentari Court at Block C. it is kinda run down as the management isn't that good. the place is not well maintain as the lift smells and corridors are littered and cars simply double park. A lot of the residents there are students from China, indonesia, middle east and africans. there are a lot of factory workers staying there too from Indonesia, Nepal and some bangladeshis. the swimming pool is not well maintain too and it is dirty.

when mentari court was first launched, u can get a unit at RM80K. frankly, if you want to buy there for investment you can negotiate it between RM100K - RM120K. If someone is selling at RM170K, he is just pushing his luck. for RM170K it is too expensive and i would rather top up a little and buy Sunway Court which is about a stone throw away. the place is more well maintain even though the apartment is older than mentari court.
SUSendau02
post Oct 28 2010, 12:25 PM

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QUOTE(WWJD @ Oct 28 2010, 12:19 PM)
If someone is selling at RM170K, he is just pushing his luck. for RM170K it is too expensive and i would rather top up a little and buy Sunway Court which is about a stone throw away. the place is more well maintain even though the apartment is older than mentari court.
*
yo man thnx for dis input..

FYI, i used 2 stay thr. it s just a good place 4 u 2 sleep.. nothing more. if i can get @110k, then it will b better on my pocket. lolx

thnx again dude
WWJD
post Oct 28 2010, 12:45 PM

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RM110K is a good deal and worth to get it. if u can rent it out at RM700 and after minus the maintenance, u get bout 6%-7% rental yield is not too bad either. smile.gif

If it's RM170K, it's over price. that's my honest opinion. usually agents try their luck to push for higher price but the matter is it really worth that price. for me
lizziewong
post Oct 28 2010, 01:13 PM

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Before commiting u need to find out what is your potential tenant target. If students, u need to find out if Taylor's is relocating to Lakeside campus. If the campus is moving out, it will hve very negative impact on (1) commecial activity and (2) lower demand for housing from students and workers.

I prefer to invest in walk up flats or aprtments. With high rise, if the lifts are well maintained, its a headache, and also high density may have more social problem.
SUSendau02
post Oct 28 2010, 01:29 PM

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my target tenant can be students n WD n freescale workers... unless they really pull out, then im in deep shiatzz
rakyat
post Oct 28 2010, 01:38 PM

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QUOTE(lizziewong @ Oct 28 2010, 01:13 PM)
Before commiting u need to find out what is your potential tenant target.  If students, u need to find out if Taylor's is relocating to Lakeside campus.  If the campus is moving out, it will hve very negative impact on (1) commecial activity and (2) lower demand for housing from students and workers.

I prefer to invest in walk up flats or aprtments.  With high rise, if the lifts are well maintained, its a headache, and also high density may have more social problem.
*
There is still Taylors school of hospitality + some minor campus in the office block next to Mentari, it is oso a stone throw from Sunway College and there seem to be some lease agreement with Masterskill students & many factory operators from across the 'Motorola bridge'.

But it is not well maintained and there is some 5354 going on in 1 of the block whistling.gif

Decent yield but limited capital appreciation. Rental should be stable with downside bias
r47z
post Oct 28 2010, 01:41 PM

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- deleted -

PM-ed you instead.

This post has been edited by r47z: Oct 28 2010, 01:42 PM
kampit_ikram
post Oct 28 2010, 01:45 PM

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wow thats new


Added on October 28, 2010, 1:46 pm
QUOTE(r47z @ Oct 28 2010, 01:41 PM)
- deleted -

PM-ed you instead.
*
I can see that hmm.gif

This post has been edited by kampit_ikram: Oct 28 2010, 01:46 PM
kiddo
post Oct 30 2010, 12:08 AM

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QUOTE(WWJD @ Oct 28 2010, 12:19 PM)
i've a cousin staying in Mentari Court at Block C. it is kinda run down as the management isn't that good. the place is not well maintain as the lift smells and corridors are littered and cars simply double park. A lot of the residents there are students from China, indonesia, middle east and africans. there are a lot of factory workers staying there too from Indonesia, Nepal and some bangladeshis. the swimming pool is not well maintain too and it is dirty.

when mentari court was first launched, u can get a unit at RM80K. frankly, if you want to buy there for investment you can negotiate it between RM100K - RM120K. If someone is selling at RM170K, he is just pushing his luck. for RM170K it is too expensive and i would rather top up a little and buy Sunway Court which is about a stone throw away. the place is more well maintain even though the apartment is older than mentari court.
*
what is the market value for each floor at sunway court?
SUSlowya
post Feb 3 2011, 02:36 PM

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QUOTE(lizziewong @ Oct 28 2010, 01:13 PM)
If students, u need to find out if Taylor's is relocating to Lakeside campus.  If the campus is moving out, it will hve very negative impact on (1) commecial activity and (2) lower demand for housing from students and workers.
*
Is the campus moving? yes/no and when?

QUOTE(lizziewong @ Oct 28 2010, 01:13 PM)
I prefer to invest in walk up flats or aprtments.  With high rise, if the lifts are well maintained, its a headache, and also high density may have more social problem.
*
walk up flats or aprtments? any good suggestion? for the purpose of rent to students. appreciate all comments.
aiskrimcup
post Feb 3 2011, 02:48 PM

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QUOTE(endau02 @ Oct 28 2010, 12:25 PM)
yo man thnx for dis input..

FYI, i used 2 stay thr. it s just a good place 4 u 2 sleep.. nothing more. if i can get @110k, then it will b better on my pocket. lolx

thnx again dude
*
if you able to get a sub sale unit at rm110k plus a parking lot, then it would be decent buying!
epie
post Feb 3 2011, 03:38 PM

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QUOTE(aiskrimcup @ Feb 3 2011, 02:48 PM)
if you able to get a sub sale unit at rm110k plus a parking lot, then it would be decent buying!
*
u guys really think can get around rm110k?
1 of my fren oso like to buy in this area...maybe for rm110k we'll get an apartment that needs major repair works

This post has been edited by epie: Feb 3 2011, 03:38 PM
Beth79
post Feb 4 2011, 12:10 AM

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QUOTE(endau02 @ Oct 28 2010, 12:02 PM)
i ve scouted for some lot in mentari court n found out dat d price is from 120k to 170k. wish 2 ask d sifus ard, is it wise 2 buy 1 unit as an investment? the rental can go as low as 800/month non furnished to 1100 furnished.
*
For investment might be ok, for own stay, might not be a good idea. My friend recently moved out cos too many incidents of indonesian/african stalking her all the way to her apartment door. Might not be a good place for a girl to live alone.

aiskrimcup
post Feb 7 2011, 11:59 AM

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QUOTE(Beth79 @ Feb 4 2011, 12:10 AM)
For investment might be ok, for own stay, might not be a good idea. My friend recently moved out cos too many incidents of indonesian/african stalking her all the way to her apartment door. Might not be a good place for a girl to live alone.
*
fuh, that scary for a single lady occupied the unit alone. so the target tenant such group of factory workers would be best for invesment.
SUSlowya
post Feb 7 2011, 06:33 PM

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closed

This post has been edited by lowya: Sep 21 2011, 12:06 PM
pratapvfr
post Aug 17 2012, 03:39 PM

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Hello can some one tell me is it ok to stay with family in mentari court for foreiger? working in factory?


Added on August 17, 2012, 3:44 pmwhat are the near by condo to setya jaba KTM?

This post has been edited by pratapvfr: Aug 17 2012, 03:44 PM
C31
post Aug 17 2012, 04:45 PM

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i saw auction unit at 145k. r u sure can get 110k? now low cost flat also going to sell at 120k.
wanchenghuat
post Aug 17 2012, 05:44 PM

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Cannot get at 110k.. Bumi lot is going for 150k.. Non bumi is 170k.. Rental is good smile.gif personally wont think its nice to stay there.. But beggars cant be choosers.. There are still many who will rent from you.. Rental semi furnish fetching 900/month..

richsense
post Aug 18 2012, 01:43 AM

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QUOTE(wanchenghuat @ Aug 17 2012, 05:44 PM)
Cannot get at 110k.. Bumi lot is going for 150k.. Non bumi is 170k.. Rental is good smile.gif personally wont think its nice to stay there.. But beggars cant be choosers.. There are still many who will rent from you.. Rental semi furnish fetching 900/month..
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Is this place hot for rental?

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