Dec 2 2011, 02:56 PM
QUOTE(RomaNce @ Dec 1 2011, 12:37 AM)
I do not think this is a good project and worth to purchase.
Sofo = ??? Can stay or cannot stay..just depends on the future...
Sofo = office = over supply flip also hard
RM850 psqf...where is the rental yield?
DJ so congested, how people going to squeeze into this new project?
If paying RM850psqf for this Sofo why not paying RM490psqf for Bandar Utama Centro - RM570k for 1170 unit. This is the cheapest i found among all new projects since a year plus ago but i also give up...no rental yield too.
I strongly believe Yr2012 will be a correction year for property, latest will be YR 2013. Many new units out into the market without good rental which owner will suffer and throw price, then sell it cheap and cut loss or even Auction!!
Added on December 1, 2011, 12:48 amTake an example:
540Sqf - RM527k.
527k - 10% = RM474,300
RM474,300 loan amount plus legal fees and etc about RM RM490k --> Installment roughly RM 2,300.
Installment 2300
Maintenance RM200
Total monthly pay out RM 2,500 (Mont Kiara price by expartriate)
The Tenant need to pay RM 2,500 for 540 sqf unit (room) per month or RM83.33 per day = budget hotel charges
Can this unit fetch this rental to cover the monthly payout?
Take the calculation the other way.
RM 527,000 x 6% yield per annum = RM 31620/year = RM2,635 per month.
This unit cant even hit 6% rental yield.
If the rental only RM 1000 (hopefully able to fetch RM1000). Rm1000 x 12 = RM12k per annum. Rental Yield = 12k/527k = 2.27% <--- the investor or owner going to be in deep shit.
How many single excutive / couple able to pay for rental of RM1000 per month for 540sqf unit? Can they share with other friends for condo such as tropics, ken 1, ken 2, jasmine tower, pelangi utama 1 & 2 with RM 500 per room?
For your infor, Crimson apartment rental = RM 1000 for 800sqf unit with 3 rooms.
Totally agree 101%. at 2.27% returns (and this is gross not yet include maintenance fees, etc) investors better put their money in FD whioch yields anywhere from 3-4% p.a.Sofo = ??? Can stay or cannot stay..just depends on the future...
Sofo = office = over supply flip also hard
RM850 psqf...where is the rental yield?
DJ so congested, how people going to squeeze into this new project?
If paying RM850psqf for this Sofo why not paying RM490psqf for Bandar Utama Centro - RM570k for 1170 unit. This is the cheapest i found among all new projects since a year plus ago but i also give up...no rental yield too.
I strongly believe Yr2012 will be a correction year for property, latest will be YR 2013. Many new units out into the market without good rental which owner will suffer and throw price, then sell it cheap and cut loss or even Auction!!
Added on December 1, 2011, 12:48 amTake an example:
540Sqf - RM527k.
527k - 10% = RM474,300
RM474,300 loan amount plus legal fees and etc about RM RM490k --> Installment roughly RM 2,300.
Installment 2300
Maintenance RM200
Total monthly pay out RM 2,500 (Mont Kiara price by expartriate)
The Tenant need to pay RM 2,500 for 540 sqf unit (room) per month or RM83.33 per day = budget hotel charges
Can this unit fetch this rental to cover the monthly payout?
Take the calculation the other way.
RM 527,000 x 6% yield per annum = RM 31620/year = RM2,635 per month.
This unit cant even hit 6% rental yield.
If the rental only RM 1000 (hopefully able to fetch RM1000). Rm1000 x 12 = RM12k per annum. Rental Yield = 12k/527k = 2.27% <--- the investor or owner going to be in deep shit.
How many single excutive / couple able to pay for rental of RM1000 per month for 540sqf unit? Can they share with other friends for condo such as tropics, ken 1, ken 2, jasmine tower, pelangi utama 1 & 2 with RM 500 per room?
For your infor, Crimson apartment rental = RM 1000 for 800sqf unit with 3 rooms.
If for office play, wrost still. How many of those small lawyer firms or accountant firm are there. M'sia is not an open economy like SG or HK. Sure become another white elephant if developers are not careful and i am not very confident with OSK property since they have not much track record of building value for their properties. They are more like the chinaman type of company i.e. squeeze as much as pissible from the buyer then dissapear.
Quote
0.0231sec
0.81
7 queries
GZIP Disabled