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
So what was the final result for your purchase? 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