guys,
appreciate if you could help me out here..
i'm pretty interested in getting this for investment.. n i've heard sources pretty much confirming this is rm520psf, smallest 940sft, going all the way up to 1600sqft.
now i've done a quick check and on AVERAGE, even the most luxurious condo in sunway college (sunway palmville), rental is at rm2900 for a 1600sqft unit, fully furnished. that will be an average rental = rm1.80 psft.
(i know there are units renting out between 3k - 5k, but we are all investors/business people here, the rm2900 rental figure is taken directly from iproperty so it's reflecting real, prudent value here)
for a 940 sft, purchase price = 488k, mortgage inclusive of maintenance fee (est o.30 cents) = rm2500 each month to break even.
like that, how to break even on rental la.. this is going to be on a thin fine-line to get ppl to rent, even 3-4 years from now when property is completed.
what do u guys think?
oh btw, i've been there myself, this land is directly next to (surrounding) a low-cost 4-storey apartment and is facing directly the pariah shoplots on the main road le.. u guys think the property here got a lot of upside potential to appreicate somemore meh?
thoughts anyone?
NADAYU 28 SUNWAY [OWNERS' THREAD], New development behind Sunway UniCollege Investment