Not everyone know how to calculate like u lah, but I fully agreed. Location is important. All his points are right base on paper.
Rule 1: never too close to lrt which minimum should be 1km.
Rule 2: will tenant want the steam bath or not is up to them, not enough money to buy food still want to enjoy steam bath?
Rule 3: ara damansara over supply of shop houses with still a lot empty units how to overflow to nzx or eve...
Rule 4: on paper gain is different from actual gain, better not to compare to ara green but compare to diaman ria, crimson, suria , puncak nusa and so on.
Mk20 small unit about 500+ sqf selling 400k plus but can fetch 2k plus to 3 k because at mont kiara. Tropics can fetch 2500 because at ss2. Danau permai can fetch 2000 plus because at taman desa. Mahkota and sterling can fetch 2000 max because near to paradigm. Eve suites can fetch 2k plus because at the tunnel?
Added on June 29, 2012, 8:15 pmU make the right choice. Scott soho at old klang road , kl address start selling in 2010 only rm 500 psf - free hold with tesco, 40 to 50 % completed. Eve suites start selling at 2010 rm500psf too, lease hold luckily with its steam bath at pj.
Added on June 29, 2012, 8:22 pmCabut, need to check with bank see what is the penalty. Losses may 30k or lesser. If dun cabut and stay till the end, take a gamble.
If u win, completed, u will struggle to rent to compete with 600 plus eve units and all the surrounding low rental units. The max rental u can fetch 1500. If can't fetch or empty will be struggle to pay installment and management fees of 2 k per mont x 6 months at least. If all hard to rent, owner won't pay management fees, eve will be a run down unit.
If u loss, abandoned, u will loss base on what stage of the claim, basically should be more than 30k.
If I were u, first I won't buy. If I bought ,I will not gamble in eve. The risk against gain is higher.
I think havent check with bank i oledi lose more than 30k. 5% downpayment. Plus lawyer fee. Anyway, i plan to fully settle on 2017 or 2018. Maybe starting im losing. Long run, should be win. Anyway, just personal view. It also quite close to paradigm and another mall beside the subang airport road one. Just prepare the money to pay lo. I oledi win at least im invest about 400k instead of my initial planning to buy prima setapak II or 228 or icon city or kl eco city.