Investment M CITY, JALAN AMPANG [OWNERS' THREAD], Mah Sing presents its most iconic
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 Jan 31 2015, 12:07 AM
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#1
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Senior Member
2,525 posts Joined: Jan 2003 From: maranello>sentul   
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some agent wanna sell RM 1,060,800 for a 981sqf Duplex
 like seriously ampang there(with all the new neighbour condos) , I will have to rent it out for 5.1k++ at least total units : 1.2k ++  embassyview down the road @1,876 sf, is renting for 7k........... vs Duplex 2times smaller....  any flippers here?  i guess during the early days the 1st block was way cheaper......just my 2cents  |
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Jan 31 2015, 08:07 AM
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#2
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Senior Member
2,525 posts Joined: Jan 2003 From: maranello>sentul
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QUOTE(Babizz @ Jan 31 2015, 07:58 AM) Bro, thanks for ur points Really bad deal. This area vacancy is the highest in KV. U will be competing in an ultra competitive space with few interested tenants. Suitable for ownstay. BAD BAD choice for investment.   |
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Feb 3 2015, 11:42 AM
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#3
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Senior Member
2,525 posts Joined: Jan 2003 From: maranello>sentul
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QUOTE(Babizz @ Jan 31 2015, 08:18 AM) Pilot, was exactly on my mind.....a lot! ...people with good holding power would not mind holding a unit for years without tenants just like some *ehem units there in MK Hv u counted how many units in the area? We don't want a parklane situation for a 1mill prop. I think vacancy was like 36% before elements VPed. Now elements is ready. arte is underway n MCity will be VPing not long from now. An article yesterday pointed out that highrise units are oversupplied at the moment, so u better check the supply n demand of each area before buying la  There's astoria, novo n reizz coming up in a 5km radius. on another note are the target tenants from TRX ? both completing on the same period of time? but how many peeps in TRX can afford a 5k small condo the sales agent, tried to sell the idea that foreigners can only buy 1mill properties hence M City would be a good hit..problem is id have to compete with 1200++ + a few more K units nextdoor..... |
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