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 Residence 8, Old Klang Road by OCR, Worth for investment?

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novabankinghall
post Jan 30 2011, 09:01 AM

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QUOTE(majorarmstrong @ Jan 29 2011, 05:00 PM)
@ Tea - lock down 5 years gonna kill you la.. if you looking at selling after completion will advice you to take lock down 3 years
anyway, i am not going to buy the car park cause too expensive la... if you factor into the loan the car park price after over 30 years period will be around RM40,000.

I would still go for rental... check out the table below... if is RM50 it will take 33 years to break even only calculating the car park with RM20000

user posted image
GONG XI FA CAI to you too....
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This calculation assume $ paid for car park is a sunk cost or expense off which is not very accurate.

Eg if the carpark is 20K and your unit is 200K, thus when u sell your property sure will sell for 220K, right?

Thus should calculate by: (annual car park rental/carpark price) <---- if this is higher than your expected return, then you should proceed.
novabankinghall
post Apr 3 2011, 01:24 AM

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QUOTE(teaumika @ Mar 28 2011, 11:55 PM)
No doubt, by looking at the site everyone will think access road is an issues. How many are actually doing survey at the location during day and night???

I guess not many but i can assure you that i am one who surveying the locatiion at different days and different times. You want to know what i think?

1. The jam from OUG to bukit jalil going down to kesas is many times bad than than R8 accesing to jln puchong or okr. But if you go before 7.30 then its ok. If after 8am then you are in trouble.

2. If you are coming fr work using okr to oug at any times between 5.30pm to 7.00 pm then i can assure you that the traffic is much much worse as comparef to go back to R8

Someone might asked, r u staying nearby? YES i am. In OUG....

Anyway, it is just sharing what i have found out... Dont get me wrong, I am not trying to CONVINCE anyone to buy R8.  vmad.gif
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the access road is really tiny.... i didn't try at different time. However its too narrow that can't even comfortably access by 2 car at the same time.... seems more like 1 lane road coz many cars park at the road side.

 

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