Investment SUMMER SUITES AND SUMMER V.O.S. [OWNERS' THREAD], From RM328k off Jalan Sultan Ismail
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 Jan 11 2011, 01:58 PM
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#1
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Senior Member
983 posts Joined: Jul 2008 
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If you are able to get 328k then can consider. This range you are able to target the working group (Malaysians) and also opportunities to expats.
For the car park solution, I wonder if there is any monthly parking around the area? |
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Jan 14 2011, 03:05 PM
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#2
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Senior Member
983 posts Joined: Jul 2008
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It's typical, but I'm sure the seniors are more than capable to make sound judgement on this. By the way, Any updates?
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Jan 14 2011, 03:39 PM
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#3
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Senior Member
983 posts Joined: Jul 2008
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QUOTE(viper_1129 @ Jan 14 2011, 03:34 PM) A non-refundable deposit of RM20,000.00 must be paid upon booking to secure your preferred unit. Even if the loan can't get through? |
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Jan 16 2011, 10:51 PM
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#4
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Senior Member
983 posts Joined: Jul 2008
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So is this going to be a residential or commercial office based on sunrise plan?
635 sq ft x 0.42 = 266.7 per month Parking 250 per month Total maintenance RM516 per month. Based on calculation, 85% loan, Interest Rate 4.3 after -BLR 2% loan 30 years, need to pay RM1,955 per month for a loan of 395,250 + maintenance 516 per month, need at least to rent out RM2471 to break even. Anyone knows the rental around the area currently? This post has been edited by WannaGetBuffed: Jan 16 2011, 10:51 PM |
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Jan 17 2011, 12:02 AM
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#5
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Senior Member
983 posts Joined: Jul 2008
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I guess after initial thinking, this will be a gamble rather than a sound investment.
If it works out, big money. If it doesn't, better luck next time. Paying 2.5k with no tenant is no small matter to me  |
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