Nov 3 2011, 06:46 PM
QUOTE(jacobcheong @ Nov 3 2011, 03:55 PM)
i too have doubts on the developer and their projects.
sorry sidetrack to another of andaman's property called the Academia at south city mall in sri kembangan.
my brother booked a unit in block A and his loan was rejected by Affin bank.
He also tried to apply to many other banks but they denied his application. Why?
I'm not sure but some SAs say its because they have no confidence in the developer. True?
Thinking about it, what happens after the 3+3+4 years of GRR? The property will be returned to us and then it becomes our responsibilty to find our own tenants?
How sure are we that ppl will want to rent the place?
And if we want to sell it in the 3rd yr (for e.g.), will it be attractive enough for ppl to purchase? since theres only 3+4 yrs left of GRR? wil ppl even want to buy it at all?
How about the resale value? Ok, im sure it will increase by ~ 20-30% after completion but just afraid it will become stagnant after that.
Casa subang in USJ (also by andaman) seems to have its price in stagnation albeit the buzyness of the area surrounding it. No significant difference in price last yr and this yr. (sorry, no info on price 2-3 yrs back as i only remember last yr's bcos i was searching for a good property to buy). Just saying.
The property only sounds attractive in the beginning but what about it being a good property for long term investment?
anyway these are just my opinions . Would like to hear yours if u can input.
thanks
Lifehouse
(I'm not the real user. tumpang-ing user's account to comment)
YOu have to check the credit rating of your brother. If those banks are panel bank, they would have already evaluated and approved the project. So in that case, it will not be the bank having no confidence in the project...sorry sidetrack to another of andaman's property called the Academia at south city mall in sri kembangan.
my brother booked a unit in block A and his loan was rejected by Affin bank.
He also tried to apply to many other banks but they denied his application. Why?
I'm not sure but some SAs say its because they have no confidence in the developer. True?
Thinking about it, what happens after the 3+3+4 years of GRR? The property will be returned to us and then it becomes our responsibilty to find our own tenants?
How sure are we that ppl will want to rent the place?
And if we want to sell it in the 3rd yr (for e.g.), will it be attractive enough for ppl to purchase? since theres only 3+4 yrs left of GRR? wil ppl even want to buy it at all?
How about the resale value? Ok, im sure it will increase by ~ 20-30% after completion but just afraid it will become stagnant after that.
Casa subang in USJ (also by andaman) seems to have its price in stagnation albeit the buzyness of the area surrounding it. No significant difference in price last yr and this yr. (sorry, no info on price 2-3 yrs back as i only remember last yr's bcos i was searching for a good property to buy). Just saying.
The property only sounds attractive in the beginning but what about it being a good property for long term investment?
anyway these are just my opinions . Would like to hear yours if u can input.
thanks
Lifehouse
(I'm not the real user. tumpang-ing user's account to comment)
Most of the property also need you to find the tenant yourself (or indirectly via agent).....it is just that this one at least guarantee rental for a few years.
YOu are very sure the price will increase upon complete but afraid it will become stagnant ? I dont know your concern actually....that is part of the risk right in any investment....if you dont think it increase after that, then sell it off after that....simple.
all the while it has been very common to have moderate price increase especially for condo.....slow increase.....but it is just that the past 2 years had been very phenomenal....so, dont expect everyday is sunday....
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