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 Platinum Victory Taman Melati, Review and Discussion

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LightEnchanter
post Dec 7 2011, 01:07 PM

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from what i see from iproperty, seems like the rental in PV8 cannot catch up with the property value there, i guess it is not a good place for rental investment?
LightEnchanter
post Dec 8 2011, 12:09 PM

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QUOTE(deed @ Dec 7 2011, 09:30 PM)
What is the average rental rate for PV8 that u observed?
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i think current market rental is good enough to cover launching price but not sub sale price

Sub Sale Price of a 1600 sqft unit RM 490,000
Bank loan(90% MOF, 4.5%, 40 yrs) RM 2,000 pm
Assuming Maintenance Fees is RM 300 pm
Average Market Rental of this size RM 1,900 pm
Cash Flow -ve 400

personal opinion good for capital gain since price psf is only ~ rm 310 and good for own stay too

This post has been edited by LightEnchanter: Dec 8 2011, 12:14 PM
LightEnchanter
post Dec 9 2011, 02:56 PM

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QUOTE(deed @ Dec 9 2011, 11:01 AM)
I guess u answer your own question~  tongue.gif The market rental depend on demand. Since PV8 just completed therefore potential tenant has ample choices. However the rental rate might change once all the units are fully occupied. Difficult to predict the future rate. But for own stay should be good considering the bigger build-up compared to other development.  And surrounding development might be a catalyst to the value of PVs in the future. Your call~  biggrin.gif
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any idea who will the the anchor tenant? im not familiar with setapak, mostly students? if student 1600 sqft kinda too big

 

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