QUOTE(max_cavalera @ Mar 28 2013, 09:52 AM)
long term holder aiming for rent with intention of slowly building up their equity by reducing loan amount in their assets will do well here. i entered this market when i was 22...9 years ago(my unit completed when i was 25)...rental has slowly gain momentum frm only covering partially of your monthly instalments loan+maintenance fee+bills to covering all the above plus additional small nett profit gain monthly.
I also manage to reduce my loan commitment to almost 20%...that plus slow but steady capital appreciation....could profit around 80k-100k if selling now but my aim is for long term gain that is its going to be my retiement assets.
You would do well if you have very strong and long holding power and strive to get positive cashflow monthly...safes bet would be a condo right now 1000sqf+ with open,spacious and simple layout...where you could go plan B and rent by room(easy to add partition room as well) if renting by single unit proves to be challenging to get the rental that match ur requirement.
gonna be a floods of studio, soho aka pigeon holes in the next 3-5 years here...reckon the general price is going to stagnate short term upon launching...but will be gaining slow but steady momentum in more than 5-7 years after it is completed. rental and capital gain also should be judged on the average population in cyberjaya spending power... i see many owner here with wrong strategy hard to rent their unit and high turnover of tenants.
Dear max_cavalera, thanks so much for taking your time to provide a lengthy reply with so much information and examples, greatly appreciated.
Could you please let me know if you are:
1) staying in the unit?
2) if not, you are renting it out? U managed to get a small nett profit from the rental or just covered monthly installment?
2) is your unit a condo or landed?
Thanks so much for taking your time again. Cheers.