There's nothing close to Flora price within the radius of 50km (except Lagoon Perdana). Rits Perdana 1, Plaza Medan Putra are all above 200k.

For people from lower income group looking for a property, I guess that's the only choice.

Investor point of view:
- it is the benchmark for cheapest property in PJ, the next cheapest property is above 200k
- easy to rent out with 6-7% return (basic unit)
- close to major highways, shopping malls
- Bank value RM160,000.00

Just a share of tots!

This post has been edited by simply red: May 15 2012, 02:59 PM

Just to share my Flora investment.

I bought my unit at RM125k, got bank loan of RM160k.

90% loan = RM144k

RM144k-RM125k=RM19k

RM19k-RM5.5k(legal & Stamp duty) = RM13.5k Net cash in

Mthly Installment 35yrs = RM760.00++

Rent per mth = RM800.00

What do you think about my investment strategy? Comment please!

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Added on May 17, 2012, 10:59 pmWhen economic down turn people starts to look for cheaper rental. Those renting RM1000++ will want to look for something cheaper. Therefore rental demand for Flora will increase. When bad time luxury condo/property will be affected most but Flora (necessity) will not be that bad.

Not everyone born with silver spoon. Many ppl out there r still struggling to buy a property. Cheapest rental now at least RM700 - 800 per mth which is enough for Flora installment. Y rent when u can buy Flora at full loan?


Just to share my tots!

This post has been edited by simply red: May 17 2012, 10:59 PM

Are u sure u can get this price in Pelangi and Palm Spring? Last few years yes u can but not now!

Yes u r right. There is a difference between actual value and bank value! That's y is a good buy for now (below bank value). Bank value is the benchmark to determine whether the price of the property that u r buying is cheap or expansive. Just like the PE ratio for stock.

For property above bank value, u r paying extra premium to purchase it. For property below bank value, u r buying at a discount! These r the property that u can flip. Don't fall in love with it, its just an investment vehicle to make money. U r not staying in there so don't put yrself in to that shoe. As long the place is 80-90% occupancy it is good enough. If the place is so bad then there won't be people staying.

Just a share of tots!

R u sure prices r going down? Palm Spring r asking for Rm350++ psf, Pelangi Dsara asking ard RM380-400 psf for now. Africans r now everywhere not only here! even Mont Kiara there r Africans. Africans or no africans is not the issue, money or no money is! If my budget is only good enough for these places, I don't hv much choices, do I..

The lower income group make up of the biggest quadrant. What can u buy for property below RM200k in PJ? Try searching for property below RM200k in PJ and c what can u get!

Demand and supply!!!

Just a share of tots!

U miss out on the upper portion. I got the unit for free + RM13k cash!

every mth nett cash out flow (inclusive of maintenance) = Rm50.00

RM13,500 / RM50 = 270mths = 22.5 yrs (provided rental remain constant)


Even if tmr the market crash, it doesn't affect me! Calculated risk


In investment its not how much u gonna make, its how much risk u r exposed to!


Just a share of tots!

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Added on May 18, 2012, 12:32 pmInvestor Point of view, there r demand for rental.

Buying for own stay, what other choices do I hv? Wait further?


Just my tots!

This post has been edited by simply red: May 18 2012, 12:32 PM