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> Buying subsale condo for investment, Desa Putra/ Gurney Heights/ City Gardens

Bert Rizal
post May 17 2012, 10:13 PM


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Guys,
I am considering to buy either one of the below 3 developments. The plan is to rent out for few years. At the same time quite concerned on the cap appreciation. I hv gathered some facts that might not be that accurate. Maybe some of you are more familiar with them. Appreciate if u guys could give ur views or comments, suggestions, etc.
Thank you.

1) Desa Putra Condo, Wangsa Maju, Leasehold
RM600k, rental RM2.6k pm above, mgt fee RM200++
1,250sf, partly furnished
Pros: 
-maybe very easy to rent out due to LRT at the door step
-very well maintained 5 yr old development
-1 minute walk to SriRampai LRT, 5 min walk to Wangsa Walk, cinema
-2 min drive to carefour and DUKE, 5 min drive to MRR2 and AKLEH
Cons:
Maybe too expensive already n less room for cap appreciation

2) Gurney Heights Condo, Freehold
RM400k, rental RM2k pm
1,400sf, fully furnished (above average)
Pros: 
-high floor, very low density, all corner units
-less than 5 mins drive to jln tun razak, DUKE and AKLEH, less than 10 mins to KLCC, 
-10 mins walk to nearest LRT station, pasar keramat
Cons: 
-close to 10yr old development
-very slow cap appreciation
-mgt fee RM400

3) City Gardens Condo, Bukit Ceylon/persiaran raja chulan, Leasehold
RM480k, rental RM2k pm above, mgt fee RM200++
1,200sf, partly furnished, low rise, low density
Pros: 
-Walking distance to Bkt Bintang, Changkat, The Weld, Puduraya
-Other new neighbouring developments are selling around RM1,000psf
-Very well maintained for over 10 yr old development
Cons:
-Leasehold

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cheekykoon
post Jul 3 2012, 09:43 PM


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Any decision made? I'm also looking at city gardens. I wonder what problem will it cause being leasehold?
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Bert Rizal
post Jul 3 2012, 10:51 PM


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QUOTE(cheekykoon @ Jul 3 2012, 09:43 PM)
Any decision made? I'm also looking at city gardens. I wonder what problem will it cause being leasehold?
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Deciding between GH n CG now. I think CG has very good potential.
I think leasehold is ok. With the price for that size, location n development in bkt ceylon, CG hv a lot of room to appreciate. Also easy to rent out. It all depends on at what price did u manage to get.

U also buying for inv?
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cheekykoon
post Jul 5 2012, 09:57 PM


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QUOTE(Bert Rizal @ Jul 3 2012, 10:51 PM)
Deciding between GH n CG now. I think CG has very good potential.
I think leasehold is ok. With the price for that size, location n development in bkt ceylon, CG hv a lot of room to appreciate. Also easy to rent out. It all depends on at what price did u manage to get.

U also buying for inv?
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Yep, I'm buying for investment. The locale of City Gardens seems very nice and quiet and opposite Pahang Palace. For own stay and investment seems very nice. Let me know if you have good lobang.
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Bert Rizal
post Jul 7 2012, 04:33 PM


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QUOTE(cheekykoon @ Jul 5 2012, 09:57 PM)
Yep, I'm buying for investment. The locale of City Gardens seems very nice and quiet and opposite Pahang Palace. For own stay and investment seems very nice. Let me know if you have good lobang.
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I used to stay there.. The best location in town smile.gif
U can try to call few numbers in iproperty.. If u can get below500k, it should be a good buy..

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cheekykoon
post Jul 10 2012, 08:58 PM


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QUOTE(Bert Rizal @ Jul 7 2012, 04:33 PM)
I used to stay there.. The best location in town smile.gif
U can try to call few numbers in iproperty.. If u can get below500k, it should be a good buy..
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Well I can only get above 500k as I'm a foreigner. Recently i saw many units around the region of 420-480... quite tempted.



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kangwoo
post Jul 10 2012, 11:17 PM


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GH now maintenance already ok? a few years back loyar maintenance...swimming pool ber-algae hijau

desa putra ok but mayb cgarden better choice
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airline
post Jul 29 2012, 09:46 AM


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Desa putra when I was looking at it rm290k
Doubt much cap gain left
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ruben7389
post Sep 2 2012, 07:37 PM


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QUOTE(Bert Rizal @ May 17 2012, 10:13 PM)
Guys,
I am considering to buy either one of the below 3 developments. The plan is to rent out for few years. At the same time quite concerned on the cap appreciation. I hv gathered some facts that might not be that accurate. Maybe some of you are more familiar with them. Appreciate if u guys could give ur views or comments, suggestions, etc.
Thank you.

1) Desa Putra Condo, Wangsa Maju, Leasehold
RM600k, rental RM2.6k pm above, mgt fee RM200++
1,250sf, partly furnished
Pros: 
-maybe very easy to rent out due to LRT at the door step
-very well maintained 5 yr old development
-1 minute walk to SriRampai LRT, 5 min walk to Wangsa Walk, cinema
-2 min drive to carefour and DUKE, 5 min drive to MRR2 and AKLEH
Cons:
Maybe too expensive already n less room for cap appreciation

2) Gurney Heights Condo, Freehold
RM400k, rental RM2k pm
1,400sf, fully furnished (above average)
Pros: 
-high floor, very low density, all corner units
-less than 5 mins drive to jln tun razak, DUKE and AKLEH, less than 10 mins to KLCC, 
-10 mins walk to nearest LRT station, pasar keramat
Cons: 
-close to 10yr old development
-very slow cap appreciation
-mgt fee RM400

3) City Gardens Condo, Bukit Ceylon/persiaran raja chulan, Leasehold
RM480k, rental RM2k pm above, mgt fee RM200++
1,200sf, partly furnished, low rise, low density
Pros: 
-Walking distance to Bkt Bintang, Changkat, The Weld, Puduraya
-Other new neighbouring developments are selling around RM1,000psf
-Very well maintained for over 10 yr old development
Cons:
-Leasehold
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So what was the final result for your purchase? brows.gif
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