The price tag is high. Cheapest units available are >400k. But with the discounts, rebates, ur getting roughly 8-9% off. So for a <700sf 1 bedded with 1 carpark, you're looking at rm400k minimum. Now, u take a 90% loan, u service about 1.7k/month. Add rm0.33/sf management fees, and yearly assessment rate of a commercial property, your monthly output is circa rm2k/month.
So what's ur play?
Rental? You need to rent out at >rm2k/m to be profitable. A 1 bedded in cyberjaya going for rm2k/m....do u think it's doable? This is next to MMU, so it's student rental 80% IMHO. Its empty land north and west.
Cap appreciation? 20%? Well, do u think cyberjaya can command rm700/sf in 3.5 years time?
Own stay?
If yes to any above, then buyable.
Investment PAN'GAEA - PARAGON | SOLSTICE | ECLIPSE [OT], The Cyberjaya city centre living by OSK
Apr 21 2012, 08:59 AM
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