Hello cash-flow investor, I saw the paragon tower 1 or 2 months ago. For one that area has a lot of condo coming up and I feel there will be oversupply of condo in that area, as there is lack of universities market while the area still has ample of empty land mostly planned for highrise condo.
At 480k, upon completion your cost alone will be touching 540k which would require the rental to hit RM3000 just to cover your instalment and maintenance fee. If you are looking for positive Cashflow I don't think it is possible with paragon as it has encroahed into mont kiara's price range already.
Flipping wise, ivory residence can expect an increase of 30percent to 350psf or 450k per unit and still within condo range. Paragon's 30percent increase to 430psf or 630k per unit would be much harder to achieve due to ample of choice at that price range.
You should also note only studio units with built up of less than 550sq ft could hit 400sq ft, not large built-up unit like paragon.
Strange to compare thus 2 condo as they are located in different areas. Paragon and ivory both are okay to stay in, but if you are looking to buy as investment, for me paragon is a no-no, ivory residence is the much better buy.
We should have more this kind of post for the benefits of making investment decision.