I was eyeing the Zest subsale before ended up with Eve. The cheapest back then was 450k but the rental thus far, on average is just 1.5k/mo. OK for early purchasers but not so good for latecomers like me. With LRT completion, the Zest can rent much higher but have to wait until 2014 (or 2016?) for it to happen.

I chose Eve in timing with the LRT completion in 2014 (hopefully not 2016). I mentioned specifically about the Zest because the property caught my interest and I contacted a few agents. It was just an example. Potential as in rental yield. Sure, other areas will also benefit when the LRT completes. But for now, those developments already completed will have to wait before you can reap a handsome rental income. I'm sure you will name this or that place that give a good rental even without LRT but let's agree that having LRT nearby will push the rental further up. Hence refering to my "unleashed potential" definition.

Of course, just my 2 cents.

I'm not joking.Based on the latest work program, the completion date scheduled on June 2015.

Ic ic. Are u from kl or outstation? A lot of people coming from outstation and just buy buy buy. Lrt should be ready in 2015 if everything goes smoothly.
My friend zest only max 1.5 k rental, consider good at that area. If buying 450k mean installment is about 2.3 k including management fees. Local salary level, I do not think able to pay this rental and support the rental growth but once there are more condo release into the market, the rental will stabilize but not up up up.
No need to mention about other condo, crimson right next to eve is fetching rental of max 1.5k for 3 rooms unit. Eve competition is huge at that area.

I'm in KL maaa. I'm all vested in Puchong, Kajang, Bukit Bintang and ahemmm .. Ara Jaya. LOL.

If LRT 2015 complete still OK for Eve. Despite my "few" vested places in Klang Valley, I'm currently renting. Eve looks like a place I could stay in due to LRT.

About the Zest, those bought from developer can rest easy since 1,500/mo is quite decent. And they know the potential is bigger when the pool of tenants can walk to LRT.

About many competition, I agree with you. Everywhere got competition. Your Mont Kiara oso got. Bukit Bintang oso competitive. I've managed to rent them all. Some very good such as in Bkt Bintang and Bkt Puchong (relative to original purchase price) and some just negative cash (landed house).

---

Added on May 19, 2012, 1:29 pmOuch. I'm gonna go to my room and cry now

Edit: btw where's the link about latest work program? Can't find in lrtextension website.

This post has been edited by my44: May 19 2012, 01:41 PM

You won't see it in their website.

This post has been edited by potenza10: May 19 2012, 01:55 PM

Only 2 workers on site. Danger!!

2016 is expected completion of mrt. but i don't think they would complete on time.
lrt, so far looking good. full steam ahead.

So lrt expected completion is?

From KVMRT website, the project director said 2017. But I assume delay.

For LRT extension, looks very hectic now. But the portion from Pacific Place to Subang Jaya has not constructed the rail beams yet. Only land clearing. Not sure from Subang Jaya to Putra Heights what's the status since haven't driven around there.

I'm not sure to copy and paste here the latest monthly report progress for lrt...lol!

You involved in this project bro?

Yup

I dont think so you want rent eve for 1.5 k per month . I think it should be more because of the new york design ..

I quite like their 2 bedrooms 2 bathrooms unit. Steam bath and all!

But the commercial rate utility bills and only 1 car park slot are deal breakers for me.

Of course this is about buying a place to live in lol. If for investment then different story dy

Huh this Eve suite is commercial rate utils ? What's the reason for this ? Yeah I always thought the furnishing is great but to give that to my tenants, they will destroy it in 1-2 year.

This post has been edited by puchongite: May 21 2012, 12:03 PM

can local executive enjoy new york style of living?

salary 5k
epf and tax about 1k
Gross 4k
Rent eve for 2k.
car installment 1.5k
left rm500 to spend.

Mean those who earn more than 5k only think about eve if without commitment on car and family.

It's above a mall, that's the reason I guess. Even ZetaPark, the one above Festival Mall at Setapak? That place has commercial rates utility bills as well.

I wonder if it'll apply to streamyx/unifi bills too. If yes then mati lor.

I think It's a little ambitious for a 5k salary person to purchase a property worth 600k hehe

What a joke. you can rent it out for 2k, but just think about it, why should I rent for a two/one room apartment at that place. LRT? Can taking LRT to work, save me money to pay the rent.

---

Added on May 21, 2012, 1:21 pmWhy rent new york, while you have kl just opposite.

---

Added on May 21, 2012, 1:25 pmEve suite should be a commercial title, so as the utility bill. It will be a little bit more expensive.

Now every property cost more then 500k, tell me how many percentage of Malaysian can afford it.

---

Added on May 21, 2012, 1:35 pmNo joke la. Just wait the MRT to unleash Eve full potential, then you must be joking.

---

Added on May 21, 2012, 1:39 pmMaybe it will never be completed, because Malaysia might go defaulted when it is 80% completed or Najib empire fall.

So do not think that MRT is the good point to increase your property value.

This post has been edited by kelvinfixx: May 21 2012, 01:48 PM

Hmmm I personally can't accept that as the reason. There are many many properties where it's mall below but the utils are still residential rate. Must be something more than just that.

locals if can afford sure buy their owns...

so end up, the africans and ME can afford... but then, will they still around in 2015/6... and will they maintain the units... if not so sayang lor... all the NY style deco and steam bath...