After VP, If the rental yield is not ideal and if the price will increase, targeted 40% compounded after 3 years, I will probably sell it... if not I'll keep it to rent it out...

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Added on April 26, 2012, 11:36 am

But I would not able to get 90% loan margin already... it would be 70% LTV...

I wonder if local people are willing to afford 2-3k for monthly rental? If they are afford to pay such a rental, why don't they go and buy themselves right?

I think there is a difference on tenant quality between 1 family occupying the whole unit vs. pool of individual tenants sharing the same unit..... MK is more towards one single family therefore we can see the quality of the tenants are there...

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Added on April 26, 2012, 3:01 pm

Total compounded yield. Translated to about 15% annually.

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Added on April 26, 2012, 3:05 pm

You seem intend to flip it after VP, after the 5% RPGT.... you would be still earned a big lump sum!

With around 3k rental, try to think about middle range MK area which also fetching around that price.. I have known some of the MK owners there were not able to secure a tenant even after 1 year period...

RM2200-RM2500 for a 1200sf

We da gong chai where can compare with tycoons here. We buy house thinking weeks and months while our friends are buying just like bakuli. Just that pray KR2 will doing well for good roi or else sink with the developer together.

most of the buyers sure only worry the developer first ever project. I like it bcz of it's concept living, looks great, rival to Trinity and has great response fr public.

Ironically, I had checked the Kiara Resources SB and Kiara Resources Properties SB. The paid up capital and loan funding is great. Much greater than Trinity.

There is already a precedence to this. Knox did all the marketing for Heron Residency and it turns out to be what you see ( in marketing material ) is not what you get.

Drag me to the water again.

Knox Halim Group is professional management consultant, which also doing sales and marketing for the thier clients, or developer. Normally, most of the companies intend to become a developer, if inexperience but only has money, they deal with this kind of management company, who can "Bao Ga Liow" everything for you, draw the spec, planning, layout, design and then manage the credit as well as the sales and the office. Other than that, they also apply the AP DL for the developer ... SO, they are not only professional management consultant, but also sales and marketing team for it's projects ( like WCT Realtors ) and also a main contractor ...

Sime Darby I dunno. But I can assured that Knox Management is main con for 2 of Sime Brunsfield projects, Embassy View, Ampang and Subang Avenue, SS16. Both I rated okay loh, facade simple and nice. I visited Subang Avenue several times, the layout okay, but overall quite good.

The other clients included developer of Heron Residency, Sierra Residency, Zen Residence, Tiara's Series, Rimba's series and etc ... Btw, they were suppose the main con for The Zest then, anyhow, they withdraw the Heron Resiency and The Zest ( before it launch few months later ) due to some mutual consent.

For KR1 and KR2, the developer is 1st timer. Yes, Kiara Resources Properties Sdn Bhd which has related to the Knox Group ( who owns some shares in KRP S/B ), so the company is first time developer but the background is not really a first timer. Btw, for this project, they are JV with Knox Halim Sdn Bhd, the company of Knox Group finally appear to the market as it's own developer. Kudos to Tan Sri Halim to spent all his power to get this 2 pieces of land under the nose of nearest competitor.... lol ...

Knox Sierra Sdn Bhd, the developer for upcoming Rimba Residence BK, is also a member of Knox Group. This time, they dont JV with anyone. So, that's why people tend to say, they going to make this project as big as possible.

BJ Dai Gor requested, I am more than happy to have it ...

Err, anytime loh, except Monday and Tuesday morning. Early month, normally i more free and relax, month end last 2 working days, quite pack.

PM you my contact. Let's come out blowwater.

Football fans normally don't see eye-to-eye, make sure you, chris, twin and the rest support the same team. Otherwise instead of blow water, there will be fight then..... Hehe.

Tower 3, 1,276sf from 563,800, is it still worth to buy?

i wish to know too... does any taikor has the latest news from developer?! have they get their AP/DL already?

Perhaps it is dependent on how fast the remaining units are sold ? ..... Sorry it's just my conspiracy theory, again. 

Tentatively end of June. But i expect end of July or middle of August.

Just have a drink wif my frens at Hailam and then chit chat bout KR2 and visit it, then they left the KR2 office with 2 pieces of cheque gone.

Lol.

I do hope it can be achieved as well. If things did not turn out as what he hopes, ZR, Kiara and Kiara 2 will not be in favorable situation as well. Covillea in terms of location is much more strategic, freehold and have much better view.

Much better view? View existing condo over there?
IMHO , kr2 ic much more strategic with the link shop & Walking distance to LRT.

Cheers

No no.... I don't mean it. I don't felt u offended ZR frankly speaking. Just discussion, no worried.

I sold my units in ZR. u can give negative comments

You have wiped off the Golf course existence, haven't you?

When I say location is not that strategic, I mean

1) ZR surroundings (light weight factory/workshop, near HTC and Kesas Highway)
2) KR2 is too near to LRT station and Kesas Highway which will be quite noisy but also convenient.
3) Kiara is near to Kesas Highway.

Overall, the area is still not fully developed compared to Covillea surrounding area which gives people a mature residential feel with greenery. Having said that, the area in ZR, Kiara and Kiara 2 has the potential to grow when the LRT is up and running, the new shop lot is ready and occupied.

MGG, no offense as I know you have one unit in ZR.