Thank you very much for helping. I email them already and waiting for their reply, hope they have good news for me

Yeah u are right.. I thnk we need to unite and do something.. Lets find out what exactly happen with this developer.. Progress slow like hell.. If this continue im very sure we cant get the key by next year..  Welcome for any comment..

Hi all..I need some advise here..Someone offer to purchase my property Amara RM300k.. Size 1000++ sqft.. Is it worth to let it go?

Got meh? 

did they do it? because i m not familiar with the road there

any photos ?

I received a call from the bank that they have yet to to receive the payment from the developer this month. First time i received call from the bank regarding the payment.
anyone received call like this before?

My one is OCBC. they called and told me that they didn't receive the payment and will continue to monitor the payment from developer.
huh? we have to bear the late payment? then u paid for that?

A word of advise, please don't let amara later to turn into this, choose your tenant wisely when it's completed. If cincai rent out, this is what happens. Don't expect management to do anything cause most of the time they won't, until JMB is formed.

Judging by the usual ppl who always complains, I'm sure this will be one of the things to complain about. and THIS will be the major one to complain about.

Certain tenant profile always bring problem.

https://forum.lowyat.net/topic/1500821/+1240#

Dear all

Can I know what is your projection of the rental in Amara, given the scenario play below.

Size : 1011sqft (for ease reference, lets round it to 1000sqft)
Fittings : Semi furnish (prolly throw in some decent cheap but nice furniture from Cavenzi etc), beds, air con, fridge, washing machine (all electrical items are 2nd hand from my existing place)
Tenant : Malaysian only (doubt Amara will be catchment for expats, not gonna rent it to Middle Easterns or those originating from the African continent)
Supply : High density, considering there are 696 units of service apartments in all 4 blocks.

Can fetch RM1,500 per month? Reasonable?

What do you think? Appreciate your inputs and reasoning.

Cheers

In my situation, below are the simple calculations for 1,011sqft

(a) Monthly loan payment to bank :: RM1,169
(b) Maintenance fee at RM0.18psf :: RM181.98
(c') Sinking fund, 10% of (b)  :: RM18.20

(d) Total monthly committment (a)+(b)+(c') :: RM1,369

So, RM1,369 is my breakeven monthly rate. Of course I'm expecting positive cashflow from the transaction.


So, assuming and only assuming with the rental model (partly furnished) illustrated below;

Year / Rental Rate / Monthly Excess Cashflow / Capital Appreciation on Property
2015 / 1500 / 131 / 530k
2017 / 1700 / 331 / 550k
2020 / 2000 / 631 / 580k

Disclaimer : Conservative numbers used for personal projection only.

Cheers

In my situation, below are the simple calculations for 1,011sqft

(a) Monthly loan payment to bank :: RM1,169
(b) Maintenance fee at RM0.18psf :: RM181.98
(c') Sinking fund, 10% of (b)  :: RM18.20

(d) Total monthly committment (a)+(b)+(c') :: RM1,369

So, RM1,369 is my breakeven monthly rate. Of course I'm expecting positive cashflow from the transaction.


So, assuming and only assuming with the rental model (partly furnished) illustrated below;

Year / Rental Rate / Monthly Excess Cashflow / Capital Appreciation on Property
2015 / 1500 / 131 / 530k
2017 / 1700 / 331 / 550k
2020 / 2000 / 631 / 580k

Disclaimer : Conservative numbers used for personal projection only.

Cheers

Hi Amarans! Anyone received sms from Ambank that "Kindly note, your Ambank Housing Loan is due on 05/10/14. Kindly remit pymt" I have received it again today. Anyone paid for it? Pls share