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Investment Casa Subang, 338k with 2 years 1.8k GRR

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BeastB
post Jul 16 2011, 02:52 PM

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manufreak, unfortunately you missed the boat mate. Tenants moving in start of August. I'm renting out quite low (2300) as the market price is 2500 and above.

There's still units available, if you go to the lobby area you'd see the notices for rental, take down a few numbers...get the best price? That's what I'd do. But if you're looking for short term, its best to go for Casa Subang. Cheaper, and same location.
TSchee yat
post Jul 16 2011, 04:00 PM

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Sorry i don't really get what are you trying to say here~

You are renting out 2.3k? Which condo u refer to?
BeastB
post Jul 16 2011, 10:00 PM

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I was responding to manufreak. 2300 for Impian Meridian.
TSchee yat
post Jul 19 2011, 07:37 PM

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casa subang condition really bad~ in few more years to come it will become like flat already...
WLP3234
post Jul 19 2011, 09:58 PM

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QUOTE(chee yat @ Jul 19 2011, 07:37 PM)
casa subang condition really bad~ in few more years to come it will become like flat already...
*
you site visit casa subang? any more comments on the unit you visit?
beandk
post Jul 19 2011, 10:48 PM

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QUOTE(chee yat @ Jul 19 2011, 07:37 PM)
casa subang condition really bad~ in few more years to come it will become like flat already...
*
That's why ask you to do more research. It all goes down to your personal preference. tongue.gif


Added on July 19, 2011, 10:49 pm
QUOTE(chee yat @ Jul 19 2011, 07:37 PM)
casa subang condition really bad~ in few more years to come it will become like flat already...
*
What about the others? Have you seen?

This post has been edited by beandk: Jul 19 2011, 10:49 PM
BeastB
post Jul 19 2011, 11:08 PM

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QUOTE(chee yat @ Jul 19 2011, 07:37 PM)
casa subang condition really bad~ in few more years to come it will become like flat already...
*
TBH it looks like a flat to me already. Surprisingly, the rental yield is still quite impressive though.
hfyen
post Jul 19 2011, 11:16 PM

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QUOTE(BeastB @ Jul 19 2011, 11:08 PM)
TBH it looks like a flat to me already. Surprisingly, the rental yield is still quite impressive though.
*
The rental is really not bad..
TSchee yat
post Jul 20 2011, 08:03 AM

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QUOTE(WLP3234 @ Jul 19 2011, 09:58 PM)
you site visit casa subang? any more comments on the unit you visit?
*
The unit i visit really poor in condition, the wall the floor..
But the agent said because it is still under GRR, 2 more years to go~ Rm1800/month so after 2 years they will return you in a totally new look.
Anyone has comment on this?
Is it after GRR the unit will be totally in a new condition when returning to you?


Added on July 20, 2011, 8:06 am
QUOTE(beandk @ Jul 19 2011, 10:48 PM)
That's why ask you to do more research. It all goes down to your personal preference.  tongue.gif


Added on July 19, 2011, 10:49 pm

What about the others? Have you seen?
*
Impian Meredian is really nice..
But the problem is abit small 992 sf only~
Somemore the rental return is really not as good as casa subang~

Bt is it possible the rental for casa subang will still maintain for even higher in the future?


Added on July 20, 2011, 8:33 am
QUOTE(BeastB @ Jul 19 2011, 11:08 PM)
TBH it looks like a flat to me already. Surprisingly, the rental yield is still quite impressive though.
*
Your opinion, do you think the rental fee for the casa subang will maintain in this rate or?
In the future there will be few new condo around..

Any advice?

This post has been edited by chee yat: Jul 20 2011, 08:33 AM
BeastB
post Jul 20 2011, 09:03 AM

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Really don't think so IMO. As far as I know, people from CS are slowly moving into IM already due to discipline issues and maintenance conditions over there. Once new apartments come up I really don't see how CS can maintain their yield, unless they do a complete revamp of their management and the aesthetics of the place.

Biggest concern for CS is appreciation potential. Once new developments come up, that place is going to look very low budget, the only selling point will be location. If you have the budget, get the bigger unit at IM....rental yield might be low now but it will definitely increase when the LRT and other developments come up. Especially when Da Men is up...the size is smaller than IM but more expensive! Logic would dictate IM is a more reasonable choice to stay.


TSchee yat
post Jul 20 2011, 11:49 AM

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QUOTE(BeastB @ Jul 20 2011, 09:03 AM)
Really don't think so IMO. As far as I know, people from CS are slowly moving into IM already due to discipline issues and maintenance conditions over there. Once new apartments come up I really don't see how CS can maintain their yield, unless they do a complete revamp of their management and the aesthetics of the place.

Biggest concern for CS is appreciation potential. Once new developments come up, that place is going to look very low budget, the only selling point will be location. If you have the budget, get the bigger unit at IM....rental yield might be low now but it will definitely increase when the LRT and other developments come up. Especially when Da Men is up...the size is smaller than IM but more expensive! Logic would dictate IM is a more reasonable choice to stay.
*
Ya, you pointed out the main point. This is what i afraid of..
So anymore other advice from somebody else?
I really need to make decision on this...
This is cracking my head out..
Scare later the rental cannot support the loan, somemore i dun wish to stay there..
The condition really freak me out~
beandk
post Jul 20 2011, 12:07 PM

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QUOTE(chee yat @ Jul 20 2011, 11:49 AM)
Ya, you pointed out the main point. This is what i afraid of..
So anymore other advice from somebody else?
I really need to make decision on this...
This is cracking my head out..
Scare later the rental cannot support the loan, somemore i dun wish to stay there..
The condition really freak me out~
*
If you don't like the place don't buy it. What for pay so much for something you don't like. Please do not be too hasty in making your decision. If you ask CS has any appreciation value, I'll say yes but not much. Maybe 5-10% in the next 2 years. Rental wise, can't guarantee increase.
Joe wong
post Jul 20 2011, 12:55 PM

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QUOTE(BeastB @ Jul 16 2011, 02:52 PM)
manufreak, unfortunately you missed the boat mate. Tenants moving in start of August. I'm renting out quite low (2300) as the market price is 2500 and above.

There's still units available, if you go to the lobby area you'd see the notices for rental, take down a few numbers...get the best price? That's what I'd do. But if you're looking for short term, its best to go for Casa Subang. Cheaper, and same location.
*
bro, are you talking about Casa Tiara can fetch rental up to RM2.5k?
fully furnish right? wats the unit size?
this place only hv KTM (which is sucks)...anyway, still no sign of lrt extension to this area yet..
TSchee yat
post Jul 20 2011, 12:57 PM

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QUOTE(beandk @ Jul 20 2011, 12:07 PM)
If you don't like the place don't buy it. What for pay so much for something you don't like. Please do not be too hasty in making your decision.  If you ask CS has any appreciation value, I'll say yes but not much. Maybe 5-10% in the next 2 years. Rental wise, can't guarantee increase.
*
Just for investment purpose, dun think to stay there also..
Haha, i dun hope the rental to increase~
Js hope it can maintain at least 1.8k, then will be good enough for me..

After 3 years then sell off~
Have any idea when the LRT can be done?
manufreak07
post Jul 20 2011, 02:48 PM

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QUOTE(Joe wong @ Jul 20 2011, 12:55 PM)
bro, are you talking about Casa Tiara can fetch rental up to RM2.5k?
fully furnish right? wats the unit size?
this place only hv KTM (which is sucks)...anyway, still no sign of lrt extension to this area yet..
*
nope bro .. i mean Impian Meridian, yup fully furnished and the build up is 995sf.
hfyen
post Jul 20 2011, 02:56 PM

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QUOTE(chee yat @ Jul 20 2011, 12:57 PM)
Just for investment purpose, dun think to stay there also..
Haha, i dun hope the rental to increase~
Js hope it can maintain at least 1.8k, then will be good enough for me..

After 3 years then sell off~
Have any idea when the LRT can be done?
*
You can get the rental roughly from RM1800++ to RM2000++ for GRR.
TSchee yat
post Jul 20 2011, 07:43 PM

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Right now got 1 unit selling 338k with 2 years GRR 1.8k per month, is it ok to grab this unit?
beandk
post Jul 20 2011, 08:28 PM

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QUOTE(chee yat @ Jul 20 2011, 12:57 PM)
Just for investment purpose, dun think to stay there also..
Haha, i dun hope the rental to increase~
Js hope it can maintain at least 1.8k, then will be good enough for me..

After 3 years then sell off~
Have any idea when the LRT can be done?
*
Rental definitely can maintain. As for LRT, still all talk lar.
smwah
post Jul 20 2011, 08:34 PM

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any place good to invest for rental yield? Is mout kiara area a good rental yield place to go to?
TSchee yat
post Jul 20 2011, 08:45 PM

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QUOTE(smwah @ Jul 20 2011, 08:34 PM)
any place good to invest for rental yield? Is mout kiara area a good rental yield place to go to?
*
I really have no ideal because i still new in prop~
But the place i stay here suriamas, also not bad~
Just the price went very high these lately~

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