Well i'll first evaluate what kind of rental price we can get for that area. I don't think it will be good enough to cover my monthly loan repayments. So depending on how good rental is, ill decide how long ill be renting for vs selling. But am prepared for a RM 2,500 rental p/month and rent until 2018 before selling.

I doubt ppl would want a semi furnished unit these days. Most ppl want fully furnished units / move in condition. Less hassle. So if I fully furnish, ill put in a LED TV, fridge, dining table + 6 chairs, TV cabinet, 3+2 sofa, king size bed for master room and queen sized beds for the 2nd & 3rd room. I can do that for about 14K. Add on about 6K for plaster ceiling so total about 20K.

Anyway that's just the plan. Will make final decision once VP.

If 800K selling price, then profit is about RM 120,000 for my unit (based on SPA price).

So 30% RPGT is RM36K - 10% of 120,000 = RM24,000.

Huh ...

SPA price is 680K and 705K respectively.

Hmm, actually RPGT can be off after the other costs involve, such 2% of RM 800k ( if selling price now ), interest paid to your FI ( if any), lawyer fee ( upon taking loan previously and upon subsale) and etc ...

What do you think boss?

RM 535 to RM 550 psf for 1457 sq ft ....

These people bought 1457 sf units. So the absolute figures are bloated.

hmm... about the dry kitchen cabinet, is it same with Kiara 1?

Do we have options from developer?

i think tough lah.
especially present market condition.
even z-residence also still struggles?

But they had a buyer who bought it at RM780k a few months back. That's the basis of their optimism. Maybe that purchase was an exception ....

duplicate.

This post has been edited by puchongite: Jun 26 2015, 05:24 PM

You should note that some of us are seasoned property investors who aren't just focused in Bukit Jalil. While I admit many would have bought with the herd mentality, I personally know of many who invested in KR2 after a lot of analysis, consideration of future developments, potential capital appreciation plus their own financial stability. Also many of us here are financially stable enough to weather the current economic climate. You only make a profit/loss on an investment when you sell and I don't think ull see many of the KR2 buyers in a panic selling mode in 2016 unless the economy really goes bust. If that happens, property would be the least of our concerns.

Just for your info, my group of buyers (close friends & family members) who invested in KR2 are all in the RM22-27K monthly salary bracket. Not saying they are top of the rank but they aren't down there either.

So no, im quite certain for many of us, our basis of optimism has nothing to do with that one sale 2 months back.

This post has been edited by cybermaster98: Jun 26 2015, 05:35 PM

Pointed noted.

But kochin boss is also a veteran. He is also vested in bukit jalil.

Yes im quite aware of that. Familiar face on this thread since the start. I guess we'll know by early next year who's right or wrong. If the price isn't right, then most of us will just hold on and try and rent it out I guess. No real point pondering the what if's at this stage.

Yes, its the market conditions that make subsales tougher. The price psf looks ok and fair to purchase at such scale at RM 500++ psf. Summore absolute price issue and size matters. 1000sq ft unit definitely would do well at RM 650k based on heavy demand.

ZR struggling bcz too many diff pricing buyers from dev, ranging from RM 320-580 psf, thus early buyers able to lower down the purchase price which late buyers would be not happy.

Furthermore, ZR alredy have few units on lelong. It impacted the street of condos.

Wah. I wonder what one does to get 20k+ salary. I can only dream

Know don't put me on table lah. I got nothing in bj. Officially.

So very true. Size matters. And size of this nature usually is targeting own stay. And for own stay products, environment and upkeep of the property is key. If the buzz is good, usually these good for own stay products will continue to stay in demand and prices keeps going north.
I am guessing absolute price could be a barrier here for the time being until other catalyst are crystallized.

Heh! Kochin, sold ur BJ unit ke? Mind to share what is the market price now?

Do the same thing u did to get 30K salary

I also have 30k salary. Per annum.
Hahaha

Compare the 2 pictures below, see the difference and pls note the guard house looks like 2 tier, but in fact it is not.

This post has been edited by Yenn08: Jun 29 2015, 01:16 PM


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