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Investment Subang Parkhomes by Titijaya, Condo

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dlyw1103
post Aug 29 2013, 05:59 PM

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QUOTE(eva*bear @ Aug 29 2013, 01:36 PM)
I think it was only 500+K when it was launched by developer few years ago.
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Correct...
joycekitty
post Aug 29 2013, 10:32 PM

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QUOTE(dlyw1103 @ Aug 29 2013, 05:59 PM)
Correct...
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I bought my unit 1093sqf Dec 2009, that time block C fully sold which was 10k cheaper plus free 2 air conditioners.

It was about RM520 per sqf without additional car park. Now it is sold RM 720 per sqf. About 38% appreciation!

Don't forget the down payment is only 30k.

Let say I manage to sell at 780k, I will have profit easily 150k after the tax and bank penalty. Mean 500% return for 3 years 8 months. Averagely 140% return per year.

Anyway, must have buyer only can say so.

But many agents keep contacting me, seem there are markets,?



dlyw1103
post Aug 29 2013, 11:07 PM

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QUOTE(joycekitty @ Aug 29 2013, 10:32 PM)
I bought my unit 1093sqf Dec 2009, that time block C fully sold which was 10k cheaper plus free 2 air conditioners.

It was about RM520 per sqf without additional car park. Now it is sold RM 720 per sqf. About 38% appreciation!

Don't forget the down payment is only 30k.

Let say I manage to sell at 780k, I will have profit easily 150k after the tax and bank penalty. Mean 500% return for 3 years 8 months. Averagely  140% return per year.

Anyway, must have buyer only can say so.

But many agents keep contacting me, seem there are markets,?
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Same here...getting calls quite frequently.
Are u planning to sell?
yltoh
post Aug 29 2013, 11:14 PM

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QUOTE(kenny2501 @ Aug 28 2013, 11:50 PM)
RM720k is this year or last 3 year price?
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720k was the price 3 years back( i might be wrong on the price as i heard it from agents)
yltoh
post Aug 29 2013, 11:17 PM

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QUOTE(yltoh @ Aug 30 2013, 12:14 AM)
720k was the price 3 years back( i might be wrong on the price as i heard it from agents)
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It should be 52k for a 1093sf unit according to one of the forumers here.

Agent wasn't telling the truth
joycekitty
post Aug 30 2013, 10:29 AM

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QUOTE(dlyw1103 @ Aug 29 2013, 11:07 PM)
Same here...getting calls quite frequently.
Are u planning to sell?
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I am not planning to sell, seem many units are on sale.

I may rent out or so for at least 2 years, will sell 2 years later maybe. So that no more property gain tax.

Yltoh, do you hv an unit there? Or you intend to buy one?

For pent house, 27xx sqf, monthly maintenance fee will be around 1000 ringgit... Hv people willing to pay that?

yltoh
post Aug 30 2013, 11:30 AM

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QUOTE(joycekitty @ Aug 30 2013, 11:29 AM)
I am not planning to sell, seem many units are on sale.

I may rent out or so for at least 2 years, will sell 2 years later maybe. So that no more property gain tax.

Yltoh, do you hv an unit there? Or you intend to buy one?

For pent house, 27xx sqf, monthly maintenance fee will be around 1000 ringgit... Hv people willing to pay that?
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I intend to buy 1 unit last year actually.. after realizing how much the price had went up, I decided not to
dlyw1103
post Aug 30 2013, 11:37 AM

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QUOTE(joycekitty @ Aug 30 2013, 10:29 AM)
I am not planning to sell, seem many units are on sale.

I may rent out or so for at least 2 years, will sell 2 years later maybe. So that no more property gain tax.

Yltoh, do you hv an unit there? Or you intend to buy one?

For pent house, 27xx sqf, monthly maintenance fee will be around 1000 ringgit... Hv people willing to pay that?
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How much are you intended to rent to get reasonable ROI?

This post has been edited by dlyw1103: Aug 30 2013, 11:38 AM
joycekitty
post Aug 30 2013, 11:38 AM

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QUOTE(yltoh @ Aug 30 2013, 11:30 AM)
I intend to buy 1 unit last year actually.. after realizing how much the price had went up, I decided not to
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Yes, property price is crazy.

I bought an unit of Eve Suite March this year, price 100k more compare to first batch buyer!

Will be completed end of 2014. Hope hv room to appreciate.
joycekitty
post Aug 30 2013, 12:04 PM

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QUOTE(dlyw1103 @ Aug 30 2013, 11:37 AM)
How much are you intended to rent to get reasonable ROI?
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In my mind, fully furnished 3200 to 3500.

Subang Avenue, my oversea colleagues mostly rent there, which is around 2800 to 3000 for fully furnished.
Whereas the simple unit will be at least 2500. Of course the good thing there is near to malls.

But parkhomes has the kind of serenity and peaceful environment.But the housewife (my colleagues' wife) maybe boring as they followed their hubby to Malaysia and normally they don't have car.

It is really depend I think.
joycekitty
post Aug 30 2013, 12:07 PM

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Dlyw1103, do you have trefoil unit in Setia Alam, saw your posting there?
dlyw1103
post Aug 30 2013, 12:45 PM

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QUOTE(joycekitty @ Aug 30 2013, 12:07 PM)
Dlyw1103, do you have trefoil unit in Setia Alam, saw your posting there?
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No, I am not that keen in SOXX Product. You bought?

This post has been edited by dlyw1103: Aug 31 2013, 03:10 PM
dlyw1103
post Aug 30 2013, 01:01 PM

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QUOTE(joycekitty @ Aug 30 2013, 12:04 PM)
In my mind, fully furnished 3200 to 3500.

Subang Avenue, my oversea colleagues mostly rent there, which is around 2800 to 3000 for fully furnished.
Whereas the simple unit will be at least 2500. Of course the good thing there is near to malls.

But parkhomes has the kind of serenity and peaceful environment.But the housewife (my colleagues' wife) maybe boring as they followed their hubby to Malaysia and normally they don't have car.

It is really depend I think.
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The rate you asking I am assuming you are targeting expatriate or group of rich students. Still is not impossible.

Speaking bout transport, initially there was a plan to have a shuttle van with scheduled pickup/drop off residence btw Parkhomes and new LRT station (closest Subang Parade/AEON Big)
Perhaps the new JMB could look into this matter in future. What do you think of the new appointed Property Management team from PA International Property Consultant? Wonder if anyone here know their track record.
dlyw1103
post Aug 30 2013, 04:44 PM

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Completed first joint inspection today afternoon. Thank god that no major defects in general. Couple of pages on minor issues recorded. Overall I am happy with the quality.

The person appointed for inspection was extremely helpful through out the process. Thank you Titijaya. Keep up the good work!
JamesPond
post Aug 30 2013, 05:04 PM

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i heard titijaya is the worst of all
joycekitty
post Aug 31 2013, 12:00 PM

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QUOTE(dlyw1103 @ Aug 30 2013, 01:01 PM)
The rate you asking I am assuming you are targeting expatriate or group of rich students. Still is not impossible.

Speaking bout transport, initially there was a plan to have a shuttle van with scheduled pickup/drop off residence btw Parkhomes and new LRT station (closest Subang Parade/AEON Big)
Perhaps the new JMB could look into this matter in future. What do you think of the new appointed Property Management team from PA International Property Consultant? Wonder if anyone here know their track record.
*
Shuttle van, really? I never heard of this before. But maybe not so practical for residents in Parkhomes due to I believe the group of people living there may be richer even if the students rent there.

By now I think the management team there is good, in the sense of process of managing the hand over. Like they will pass you a copy of your complaints for your own records. But this is just beginning, have to see later when more and more issues come in !

Others have any comment?
doraemonkiller
post Aug 31 2013, 11:55 PM

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QUOTE(JamesPond @ Aug 30 2013, 05:04 PM)
i heard titijaya is the worst of all
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in terms of delay.
yltoh
post Sep 1 2013, 05:46 PM

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QUOTE(joycekitty @ Aug 30 2013, 12:38 PM)
Yes, property price is crazy.

I bought an unit of Eve Suite March this year, price 100k more compare to first batch buyer!

Will be completed end of 2014. Hope hv room to appreciate.
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How much did you pay for your unit in Eve Suites? And how big is your unit?
joycekitty
post Sep 1 2013, 10:00 PM

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QUOTE(yltoh @ Sep 1 2013, 05:46 PM)
How much did you pay for your unit in Eve Suites? And how big is your unit?
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Studio type 680 sq feet, I think it is 680 per sq foot. Not cheap. But I like it the most is because it is close to LRT.
I missed casa tiara and subang avenue last time, so hv to grab eve suite!

But subang parkhomes is > 700 now.
yltoh
post Sep 1 2013, 10:18 PM

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QUOTE(joycekitty @ Sep 1 2013, 11:00 PM)
Studio type 680 sq feet, I think it is 680 per sq foot. Not cheap. But I like it the most is because it is close to LRT.
I missed casa tiara and subang avenue last time, so hv to grab eve suite!

But subang parkhomes is > 700 now.
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Well, i personally think it's a better buy than casa tiara and subang avenue if it's for own stay as you can see there's many foreign students staying there reason being many colleges around that area. Secondly, environment is not so friendly over there.

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