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Investment THE PLACE@CYBERJAYA [OWNERS' THREAD], Next to Limkokwing University

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koopa
post Jul 17 2011, 01:45 AM

On my way
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594 posts

Joined: Mar 2005
From: Bowser Koopa Castle


QUOTE(millim @ Jun 26 2011, 12:11 AM)
Hi,
In order to have 7% nett rental yield, this project looking at RM4-5 rental psf, which is much higher than current rental rate in cyberjaya, which is RM2-3 psf. Eg: a 528 sf duplex @ RM285K will need roughly RM2400 monthly rental to achieve the estimated 7% nett yield.

Any idea?
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You wont get exactly 7% . They will deduct the furnishing and whatever cost. Then They will use average market price to determine your returns. It will be around 5% in the end. But since Lin Kok Weng is charging their students RM750 per person for the hostel. You should get a minimum of RM1500 even for the "duplex" unit. You still should get around 6% returns if u rent it on your own.

Just wanna let u guys know that the soho unit is sold out. The soho can fit 4 people since it comes with the option for the partitioning. The duplex, i think can fit max 2 people only. Im not sure if it worth to buy the duplex or not. Its still 5 mins walk from LKW.

 

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