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

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beandk
post Jul 20 2011, 08:46 PM

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QUOTE(chee yat @ Jul 20 2011, 07:43 PM)
Right now got 1 unit selling 338k with 2 years GRR 1.8k per month, is it ok to grab this unit?
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How many sq ft? The corner unit isit? Try to negotiate a bit if you are really interested.
TSchee yat
post Jul 20 2011, 08:49 PM

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QUOTE(beandk @ Jul 20 2011, 08:46 PM)
How many sq ft? The corner unit isit? Try to negotiate a bit if you are really interested.
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Can't rmb is it corner unit~
On 9th floor and is 1062 sf~
From experience u guys think until what price it can be nego?
beandk
post Jul 20 2011, 09:46 PM

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QUOTE(chee yat @ Jul 20 2011, 08:49 PM)
Can't rmb is it corner unit~
On 9th floor and is 1062 sf~
From experience u guys think until what price it can be nego?
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Can't say la. Sometimes owner willing sometimes not willing.
TSchee yat
post Jul 20 2011, 09:52 PM

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Do you think 320k can deal?
Will this price is abit over?
Coz this will be my 1st prop, i really dunno what is d range for d price can go till...
beandk
post Jul 20 2011, 10:27 PM

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QUOTE(chee yat @ Jul 20 2011, 09:52 PM)
Do you think 320k can deal?
Will this price is abit over?
Coz this will be my 1st prop, i really dunno what is d range for d price can go till...
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RM320 is fine with me. Dunno owner willing or not only.
BeastB
post Jul 20 2011, 10:46 PM

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Are you dealing with the agent or owner? Whoever it is, just get your checkbook out, get the agent/owner to meet you and drop the amount in his/her hand...if you're going for 2% booking fee, give this check with 2% of 320000 and say its your last offer take it or leave it then and there.

That will put it on a solid 50-50 scale, the owner will definitely have to think on the spot about how desperate he/she is. It's your best bet IMO. 320k is a very good buy for the yield which you'll get for a place like that. Best of luck.


mercury8400
post Jul 21 2011, 11:51 AM

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QUOTE(BeastB @ Jul 16 2011, 10:00 PM)
I was responding to manufreak. 2300 for Impian Meridian.
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2300 for Impian Meridian low meh? some units renting out for 1800 only
Q Drive
post Aug 3 2011, 02:10 PM

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For investment purpose, definitely is yes..since all prices already shoot up..u want pay rm320k for Casa subang or IM for rm 440k for the same rental about rm1800..some more got GRR in current market situation now..lot of people said IM got more appreciate value..currently see is yes..but who knw market when down..the prices will follow down also ah..for own stay, for sure ppl will buy IM due to mantainance and etc..however for conservative investor, CS also a safe bet good rental yield and steady appreciation..
kbandito
post Aug 3 2011, 03:43 PM

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QUOTE(Q Drive @ Aug 3 2011, 02:10 PM)
For investment purpose, definitely is yes..since all prices already shoot up..u want pay rm320k for Casa subang or IM for rm 440k for the same rental about rm1800..some more got GRR in current market situation now..lot of people said IM got more appreciate value..currently see is yes..but who knw market when down..the prices will follow down also ah..for own stay, for sure ppl will buy IM due to mantainance and etc..however for conservative investor, CS also a safe bet good rental yield and steady appreciation..
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Property value is very unlikely to go down.
Casa Subang has demonstrated a case where you get exceptionally good yield but very minimal appreciation, it was launched at RM250k five years ago I assume?
RM80k appreciation over 3 years is very bad considering how other same priced properties had better capital appreciation than this. Thus don't expect high capital appreciation for Casa Subang in the years to come.

Capital appreciation is definitely more worth looking for investment, even if the rental yield in Impian Meridian is slightly lower at the moment.
xepa
post Aug 3 2011, 07:14 PM

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QUOTE(kbandito @ Aug 3 2011, 03:43 PM)
Property value is very unlikely to go down.
Casa Subang has demonstrated a case where you get exceptionally good yield but very minimal appreciation, it was launched at RM250k five years ago I assume?
RM80k appreciation over 3 years is very bad considering how other same priced properties had better capital appreciation than this. Thus don't expect high capital appreciation for Casa Subang in the years to come.

Capital appreciation is definitely more worth looking for investment, even if the rental yield in Impian Meridian is slightly lower at the moment.
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i dont agree with ur point. there are different types of investor, some look for capital appreciation which is not guranteed for any development, where as some others look for steady rental income with capital appreciation as bonus.
capital appreciation is surely more excited but also more risky cuz it might be there or might not be there but rental is something safer.
provided IM appreciated so much, some say there are no rooms for appreciation. i dont meant to argue with IM owner but just want to highlight my point that there are always different view on property investment. IM for capital or Casa Subang for rental yeild is a different choice, and sure lah best if can get both appreciation and rental yield.
Q Drive
post Aug 3 2011, 09:29 PM

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QUOTE(xepa @ Aug 3 2011, 07:14 PM)
i dont agree with ur point. there are different types of investor, some look for capital appreciation which is not guranteed for any development, where as some others look for steady rental income with capital appreciation as bonus.
capital appreciation is surely more excited but also more risky cuz it might be there or might not be there but rental is something safer.
provided IM appreciated so much, some say there are no rooms for appreciation. i dont meant to argue with IM owner but just want to highlight my point that there are always different view on property investment. IM for capital or Casa Subang for rental yeild is a different choice, and sure lah best if can get both appreciation and rental yield.
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Totally agree..depend on what u are looking for and which type of investors you are..
josephnio56
post Sep 19 2011, 11:26 AM

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so chee yat , finally u bought the unit ?

BeastB
post Sep 19 2011, 11:37 AM

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QUOTE(mercury8400 @ Jul 21 2011, 11:51 AM)
2300 for Impian Meridian low meh? some units renting out for 1800 only
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Fully furnished! The average rental is around 2500 man.
beandk
post Sep 19 2011, 01:55 PM

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QUOTE(josephnio56 @ Sep 19 2011, 11:26 AM)
so chee yat  , finally u bought the unit ?
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Think he bought Suriamas.
FirstNoob
post Aug 11 2014, 10:53 AM

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Went to view few days ago. This property is so RUN DOWN. 0 MAINTENANCE i would say.. 8 out of 10 units are vacant =X
BeastB
post Aug 11 2014, 12:14 PM

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This property is done for....its pretty much a flat now.
Nekochan
post Oct 15 2014, 10:23 PM

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so meaning its not worth buying?
yusiang
post Oct 16 2014, 12:01 AM

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QUOTE(Nekochan @ Oct 15 2014, 10:23 PM)
so meaning its not worth buying?
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Pay a visit(drive inside, take lift and look at the corridor) then you will know the answer easily.
fastlane
post Mar 15 2015, 02:32 AM

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Hi guys & girls, I just brought a unit in casa Subang.
Considering this thread hasn't been active for a while now
There have been changes in casa Subang eg: the swimming pool have been revamp together with the public toilet and
Plans for CCTV at each floor to prevent vandalism.

IMHO, there will be capital appreciation when the BRT is ready
(Already 90% or more) together with Damen on board.

Beyond that, I have to agree with some that this condo
Looks dated and not so much on capital gain after the 2 factors.

I'm surprise to see no one talks about the fact that CS is freehold residential while constantly comparing impian meridian which is leasehold and commercial bill.

This will factor into the next purchaser's mind.

Just my 2cents.. What do u guys think? No offence to IM owners it's still a great buy!
spydermind
post Mar 15 2015, 07:47 AM

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good to hear about the revamp. almost invested few years back. but was really disappointed to see this running bad due to management and maintenance.

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